GlitchSPX

NIO - Is the worst behind them?

Long
NYSE:NIO   NIO Inc.
Potential good play for small accounts looking for good options. I personally really like where NIO is at. Just reclaimed 9 EMA on the daily again, reclaimed 50MA on the 4H, with the 9 EMA curling up (should see a crossover soon for a momentum move to get it over the current resistance level).

As with all option plays, there is risk, so play it how you would see fit. Also, there was news AH that their offering is officially complete, and NIO day is on Jan 9th where they unveil their new Sedan.

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