NIO Inc.
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Downward channel

105
It appears to me that we are approaching top of the downward channel - breaking it will likely confirm the reversal of the trend into bullish, while bouncing from it will offer an opportunity to enter some puts. Stay tuned.
Note
It will be interesting around 38.6 area - I am looking to enter some calls, expecting a bounce.
Note
- in case we ever reach this area; if we bounce off of the top of the channel.

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