NIO Stock Price Outlook Points to $13 After Chart Pattern Confirmation

• NIO stock confirmed a higher-timeframe shark pattern after closing above the B point on the daily chart. The chart shows how price action stabilized following a prolonged corrective phase, with NIO holding above a key structural level after bouncing from recent lows.

• The corrective pullback appears to have concluded after price retested the 1.618 Fibonacci extension. This level is commonly monitored by technical traders as a potential zone where downside momentum may weaken. After this retest, NIO moved higher and reclaimed the B point of the pattern, serving as a confirmation signal for the broader setup.

• The technical structure points to an upside target near $13, which corresponds with the projected D point of the shark pattern. At the same time, the chart clearly outlines risk management parameters. The position is still being held with a stop loss moved to break even, reflecting a defensive stance while allowing for further upside if momentum continues to build.

The position is still being held with a stop loss moved to break even, reflecting a defensive stance while allowing for further upside if momentum continues to build.

• This development is notable because NIO has remained volatile amid shifting sentiment in the electric vehicle sector. A confirmed higher-timeframe pattern can influence near-term price behavior, particularly if the stock continues to hold above recent support zones. However, the setup remains conditional on price maintaining its current structure, as a failure to hold above the reclaimed level would signal renewed consolidation rather than continuation. Upcoming price action around these highlighted levels will be critical in determining whether NIO can sustain momentum toward the $13 target.

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My Take: The $13 target offers solid risk-reward if NIO holds current support. Breaking above the B point after retesting 1.618 Fib shows buyers stepping in at key zones. Watch how price behaves near resistance – clean follow-through confirms the pattern.

Source: EL Capital