bottom is in? for NYSE:NIO by Pr0diJ — TradingView


NIO had a sell off, an offering and had 2 lows in around the same price. Is this the bottom?

Long against $41.89 support

Equity, naked put or credit put spread to play.

It may chop for some time before actually rebounding, so burning theta on long call is more risky. Maybe scalps.

Hourly candle closing under $40 invalidates the idea


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