Nio, way overdone

٦ يوليو ٢٠٢٠

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

If you find my ideas helpful, please give me a like and a follow. Thanks!