NIO is holding great support around $55. It has touched off $55 about seven times in the last 10 trading days. With the positive delivery numbers as a positive catalyst, I would suspect that this is about to move upwards of about 30-40% in the next month and a half or so. Price target by March 19 for Option Calls, $75-80.
Trade active:
I believe this is the last time we will touch $54-55 area. By Feb 16, we will have a confirmed breakout towards the price target of $80. Taking on March 19 calls for a strike price of $60.