NIO Price TARGET ACHIEVED | CAN WE HIT $48?
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Welcome back, ladies and gentlemen, happy monday morning to you well, in other words, the market is still really really boring, but let's just see what we have to go off of so we're going to run through a watch list here. Hope that you guys can follow along make sure to share this with your grandma. I'm sure she would love to spend some time with connor. With that being said, for stock amd so amd, we are long bias on we've already done an analysis on this way earlier.

But to put it simply, we are going to be watching amd long bias. If you look at friday had a really really solid day and right now, the market on the daily chart is in a bull flag with uh with amd sort of right. You can see that we've come all the way down. We bottomed bounced double bottom held.

Put a leg up and then we consolidated to the right in two u-shaped formation patterns. So if we zoom in you can see, we dropped down, went up drop down so on so forth, creating sort of a bottom curling fashion. So we kind of have what's sort of a bull flag going on with amd. So if we go look at the 180-day four-hour time frame, you'll get a clearer picture.

You can see we kind of have this. U-Shaped bull fly going on so for right now we are along bias. Amd first goal was to get back towards the highs of 84 today and then, if, in the event, this is a true, bigger breakout, we should even see it hit prices of 85.67. So, overall, if the bull, flag's legit, we'll see prices of probably about 85 to 86 here pretty soon on amd, nonetheless we're at least looking long bias amd to re-test the previous four-hour high, which is like 84-65, pretty solid chance.

That happens all right next stock that we're going to be watching here today, really is neo um neo only because so far our analysis on neo has been 100 spot on, since we gave it so our analysis for neo really started coming into play. Um on this day, we made a youtube video. We said the stock's getting ready to bottom we're probably going to go up to first targets of um like wait. What were the targets again? Let's see that's four hours here daily yeah, so we gave the analysis back when amd was like down here trading at 36 we mentioned it was going to first go to 38 hesitate for a second once it broke through.

You should have seen prices of like 41. We hit 41. That's why we had that pull back here. You see that red kind of pullback from friday, that's after we hit our price target of 41., so we hit 41.

market swung lower, so the market's so strong that we broke resistance same day. Therefore, we're long, biased, neo still, we still think neo has strength and overall you should be watching neo um for more upside potential. We posted our youtube video about being long neo. I think it was like beginning of the week last week and then towards the end of the week.

Analysts are coming out with 50 price targets on neo, so shortly after we had announced that neo was ready to go long. We're starting to see analysts mention price targets of 50, so it's most likely to help them with positions. They already have they're trying to get the masses into the market to push neo to 50, because 50 would be a good selling point. So if we take a look at the analysis, i have let's see what occurs or what would exist at the price point of 50.
So if i were to tell you where i think the next price targets are for neo, i would say we have a price target here at 48.13 and then we also have a price target here at 48.33. So, overall, the next trending target that i have exists at the price of 48.29, which is pretty close to 50.. So for right now it appears that the analysts expectations are to hopefully get the prices back up on neo towards the 50 mark, which is very close to kind of the midway point, doesn't really matter but end of the day. Um, a 50 price target does look pretty doable because the next closest price targets i have come in at 48, so overall long bias, neo towards prices of like 48 uh for now.

Probably gon na have some hesitation here there before we get there. Another stock that have been moving today is sj. If you look at sj, it's a little penny stock kind of it's, not even a penny stock, but it jumped up everyone buying it. I think it's a bull flag.

It should probably be going down blah blah blah anyways, we're gon na be a little bit bearish on this stock, going into the open for the day. For whatever reason, i anticipate that this is not gon na trade very easy. It's gon na be a pain in the ass um and it's already tanking now, because everyone thought this was gon na break out watch this. This is this is great for you guys to watch ready.

This is why everyone look at everybody. Pre-Market was buying this right here and they had no clue they're buying it literally on resistance watch this. This is the best part about all of this ready. So if i were to do my analysis, i would say that ready.

This is just going to be perfect. Ready this is resistance right here. You see that green line 13 bucks boom. Look at that.

You see that green line 13 look at what happened stock. Never it broke 13 briefly, but bam all the people trading this today, 90 95 of them had no idea. They were buying right on, what's called a two deviation: resistance mark all right. Now, let's go look at the four hour chart.

The four hour charts two deviation: resistance marks at uh 1362.. So when everybody thought they broke out the 13 price, it was really just a quick break out to your next resistance at 1362.. So look at here's. The 13 breaks briefly to 1360 smack back down so overall, the price point of 13 of 1360 was a mega selling zone and then the exact price points of those selling zones were 1302 and 1362..

So if you wanted to be exact with pinpoint pricing, you would say: resistance is 1302 and 1362.. If you're going to be a little smarter in the approach, you would say we have a resistance zone of 1302, 1362. um but yeah. Today, all the people buying right here had zero idea, they're buying right on resistance and so uh they just stopped themselves out.
So if that was, you comment down in the section below i'd love to hear from you all right next, one on the list, um really there was there. Was this other one this morning, where'd it go um. I forgot the ticker symbol: oh yes, mvis and then the last one will be ocg, so mvis uh. This had a good day friday, everybody's geeked up on it blah blah blah long story short.

The atmos target we have right now for mvis is up to 22.. I mean it could go up to 24.50. That seems like a little bit of a stretch um, i kind of thought we would see. Mvis continue this long move up to our next trending resistance, which is 2204, so i want to be short, biased on this.

For a pullback or a relaxation move off the big long move, but i don't really see it being low risk enough until we get up to the prices of 22.. So for right now, i'm kind of neutral on mvis and the the action points for me would be 22 and 24.50 right now on mvis all right and then the last one we will touch on is ocgn really quickly. So ocgn was one of the stocks we had put on. The watch list on friday ended up having a phenomenal move.

Um in our trading room. We ended up trading um, we did in the morning. I did a short i'm pretty market. Then we did like a little short scalp here and then we reversed.

We did a long move break out here and then held some overnight either way, ocgn had a very solid move. I still think this has some bullish momentum to it, but i don't believe we're going to break out or break down today, given the range of friday's trading day, which was from 870 intraday. That is 8.70 on the downside, all the way to a high of 13.65 that creates a big range, so pretty strong chance we're just going to trade inside of that range from friday um, whereas we're probably not going to break those lows, we're probably not going below 870 or probably not going above above 1365.. So how should you trade this? Maybe you shouldn't trade this that that might be one um, but at least knowing that strong possibilities is going to be an inside date.

At least your expectations can be in line with the market now so you're not going. Oh i'm going to hit a price target at 20 bucks. It doesn't make sense, no you're not going to end a price target of 20 bucks and if you do that's extremely lucky, but i would i would probably plan for an inside day um, particularly on ocgn, and then the particular price points that we could see. It swing to back and forth, like a whip saw without going above previous day, high or low would be the price of 12 28.

So look at where we stopped pre-market right at 12 right above 12 28. You can see pre market opened up, got sold off that level. That's our resistance right. I didn't even have to look at pre market to know where it was i'm.
Looking at the trend right, you look at the trend on the right that orange line boom. Look where it lines up right at the pre-market, high, all right and then um on the downside, and these levels are actually going to change a little bit by market open, because once market opens, new data comes in trends kind of readjust. So these are as close as i can get them. These price points are, as close as i can give to you before market opens, so they might be a little different.

They normally change a little bit so anyways kind of your pre-market price point you're going to be looking for resistance around the 1230s and then right now, your dip support for the day is going to be around 10 38 okay. So if prices go down to 10 30 in the zone, good chance, you see a little bit of a dip buy um, and then let me check the daily chart really quickly, because that has another price point and then also the daily chart has a price point. All the way down to um 1004, which should increase a little bit so just to pretty much put it. There's like a bit by zone around 10, 10, 10, 04 to 10 40 and there's a resistance price point around 12 32 to yeah.

That's your resistance zone! Right there, so your resistance zone is 1180 to 12 26 and your support zone is going to be 10 38 to 1009 for the day. And then your swinging range, where profit can be made, is going to be from your 1184s to a 1042 price point. That would, i think, you could see, swings from anywhere in those prices right. So with that being said, that's our watches.

For the day, i hope you guys learned something new uh thanks again for tuning in. Let me know what you guys think in the comment section below hit the thumbs up. Do what you got ta do help the youtube, algorithm and i'll see you guys on the next video everybody take care.

By Stock Chat

where the coffee is hot and so is the chat

17 thoughts on “Nio price target achieved | can we hit $48?”
  1. Avataaar/Circle Created with python_avatars Sir John Son of Smitty says:

    Thanks man!

  2. Avataaar/Circle Created with python_avatars Tang TV says:

    WHY DIDNT I SEE YOUR VID BEFORE MARKET OPENED

  3. Avataaar/Circle Created with python_avatars wickedpenguin88 says:

    Using the deviation channels with the on balance volume indicator is my combo. Been working well to see if something will break resistance on approach or where people are buying the dip.

  4. Avataaar/Circle Created with python_avatars jonathan haggerty says:

    I clicked because of the thumbnail 🤣

  5. Avataaar/Circle Created with python_avatars Randy Stogner says:

    great info

  6. Avataaar/Circle Created with python_avatars Kenn Ge says:

    Great calls! Made good money on amd thank you !

  7. Avataaar/Circle Created with python_avatars Tobi Jones says:

    great

  8. Avataaar/Circle Created with python_avatars Ninja4hire says:

    That was me buying at resistance on SJ ✌️

  9. Avataaar/Circle Created with python_avatars Gavin T says:

    Will you take a look at APPH? I've been getting some good, consistent trades with it over the last couple weeks.

  10. Avataaar/Circle Created with python_avatars meesterhoward says:

    lol i love the thumbnail pic as always!

  11. Avataaar/Circle Created with python_avatars Bill Spray says:

    Thx.

  12. Avataaar/Circle Created with python_avatars Ben B says:

    Gotta love the deviation plays set with the Thinkscripts, almost impossible not to make some money during the day. (barring external forces) Appreciate the vids

  13. Avataaar/Circle Created with python_avatars TraderJoe says:

    Good Morning!

  14. Avataaar/Circle Created with python_avatars Anthony Spielman says:

    👍 Very nice 👍

  15. Avataaar/Circle Created with python_avatars JB ATL says:

    MMEDF 🤭

  16. Avataaar/Circle Created with python_avatars Tracy D'Ann says:

    You’re hysterical! Sharing with my grandma!! 🤣

  17. Avataaar/Circle Created with python_avatars Nancy Freitas says:

    Happy Monday Connor !!! 😃

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