Nio has been on a giant run these past few days, moving more than 20% up on many occasions. It is very overbought and has many gaps to fill. Options are very cheap and it has the potential to fall a lot.
Target 1 is $7.90 Target 2 is $6.50 Target 3 is $5.50
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i’m not sure with this trend movment... but to hit 6.50 or 7.90 !! I don’t think so, it’s not logical with this all momentum & this heavy bought ... I think it Will hit 9.2 maximum and then will continue the rally back ... if it’s going to retreat..
just an opinion
thank you for your analysis