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Ravich000
Jun 17, 2021 7:16 PM

NIO broke out of consolidation 

NIO Inc.NYSE

Description

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.
Comments
yupyupyup
b wave
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