NIO may need another check of key support zones below the current consolidation. We would like to see $10, or a flush of stops under there, to start getting interested again (we were interested at $6.75 previously).
Everyone wants $7 price, I think that train has already departed. I take the 12 and the 10 and if for some miracle it goes lower I will sell my house and buy more, but I am good with my $11 long position
@Successcor, I admire your enthusiasm but the option buyers are killing your dream. Just look at how many "smart ass retail option traders" are buying up the calls, put/call ratio is often at 1:4 or even 1:5. No way any institutions will drive up the price beyond 13 right now, they ain't running to casinos to make profits for the gamblers, they are here to profit off them!
@nic_kobe_08, I want the $7 price as much as you. But sadly, nowadays everyone thinks they are investors thanks to our friends from Robinhood and all the millennials who are using it. It's a matter of time, to see NIO in an ATH, if you got a $7 position or a $11 it wont matter in the 6 months. The point is to have a position. Time will tell. Good luck!
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