On the longer timeframe you can see a rough inverted head and shoulders... white line is resistance broken then turned into support at green circle, where I would have gone in if trading at the time. Yellow circle is the news that NIO beat it's numbers (jul 2nd) then the moon shot.
Note
I've taken a new position in NIO, closed my 10/9 PUT spreads, about 10% profit...
Moved into the Jan 15th $25 calls heavily, will share my high conviction thesis later.
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Crypto Investor & Speculator / Options Trader, Brave Money Podcast Training Options Trading with the Dorian Trader community: doriantrader.com/?aff=bravemoney
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.