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
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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Disclaimer
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.