NIO Inc. Sponsored ADR Class A
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$NIO Updated

488
NIO updated - closed August calls at a loss. Still riding September calls waiting for a break down or break out of the wedge .

MACD and MFI indicators indicating an upside move. May consolidate a bit longer , would enter October calls but I have enough on the table right now.

Will close position if breaks lower out of the wedge / barring any market weakness with Jackson Hole event tomorrow things can get squirrely
Note
Getting tight but holding the wedge so far. Still watching for the bigger move.

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