Time to take profit for Nio? Will today hanging man formed?

2021-06-29

$NIO Inc.(NIO)$

Nio do have some boost today which bring to the next fibo resistance which is around $50 area. However at the same time it do not have enough vol to boost it.

It went down as well before it go up, if the price stay around 49 as closing, there is possibility of hanging man to be form. For people who like take risk, perhaps its good time to sell some call option, or buy put option :)

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