WARNING BEARISH ENGULFING NIO via /r/wallstreetbets #stocks #wallstreetbets #investing

DISCLAIMER I AM NOT HOLDING ANY NIO SHARES OR CONTRACTS

I have been watching NIO since it’s been plastered all over Wall Street bets. Just a heads up to anyone who cares, there is a bearish engulfing candle forming on NIO. A modest price target is around $26. RSI in every time span is over 70. Thinking of picking up lotto puts but haven’t pulled the trigger yet. Now I’m not telling anyone what to do, I’m speaking for myself but I think now is a good time to pick up some cheap puts, this is the same chart that tsla had when it hit $900-1000. Same bullish doji turned to bearish engulfing. Similar to most meme stocks you guys create.