If you were in long from yesterday and a #swingtrader then take your profits now and by back in on the old ATH price of around $22.10. If you are NOT in a position you could short for a $1.00-$1.25 SP drop, but keep your stops tight. $NIO could continue higher as shown in the green arrow.
With the recent news on the Skywell partnership, the introduction to an EV pickup and SUV in the North America region, we are possibly going to see this stock move into the explosive EV hype mode very soon.
Do your DD - good information on the stock here:
Shown in the chart, there is a long-time ascending channel that $ROKU is now set to either retrace a bit or breakthrough. Being overbought on RSI and StochFULL, the technicals show a higher chance of a drop then a breakthrough. Plus you add the volatility with the elections and risks of market-pullback, equates to a higher than normal risk-reward to go long here....
If $NIO breaks this level @ $19.22, we can expect a retest of the next line of support @ $19.00. After that, we have $18.55, and $18.00. I don't think we will get below $19.00 with Battery Day on the 22nd.