Ravich000

NIO broke out of consolidation

Ravich000 Updated   
NYSE:NIO   NIO Inc.
Weekly momo about to go positive for the first time ince early February with missive hidden bullish divergence on both oscillators, far from overbought territory and no resistance till about $50. It's not a strategic entry for long, no trading opportunity but the stick looks incredibly strong.
Comment:
I am expecting temporary pullback this week based on multiple indicators. $48 put 6/25 exp could be a good hedge for the week if someone is long.
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