$NIO Inc (NIO.US)$ It should be noted the option market is c...

$NIO Inc (NIO.US)$ It should be noted the option market is currently pricing in a 14% probability NIO closes at or above $40 by the January op-ex next year, so it's currently a lower probability event.But if the $30 level can hold for this week and there is no hawkishness out of the Fed for the FOMC on Dec. 15, then equities might get a Christmas rally to end the year, as the bearish pressure leading into the FOMC could subside.
On the other hand, if the stock closes below the $30 level on a weekly closing basis, then the next support does not come in until around $25.