Based on Elliot Waves, I think the graph explains it all. It will do a proper correction in the Wave C to fill gaps and continue the bullish trend. That would be a healthy move for NIO.
NIO is on the eyes of everyone. It showed a strong bullish pattern, but not enough strength go stay over the 50's. This is a sign of weakness, as NIO have to pullback to fill gaps and further ascend beyond this resistance. I think that people will build price based on the coming events and help to complete the right shoulder of the forming H&S. In the earnings...
Microsoft went down directly to an inverse H&S, after it, came the following uptrend with another H&S. Now, it formed a similar parabolic pattern with bullish indicators after the pikes of the past H&S. I think MSFT is going upwards and gain some terrain.
This is not financial advice. Trade at your risk.
Right now, AMD is on a bullish move. The trend is going upwards with the spikes until it reach the top one. With the annoucement of the new CPUS, it is possible for the next days to reach one of these big spikes where the bullish have the domain of the stock.
I am welcome to feedback. This is not financial advice.
The exponential moving average and fibonacci bands are moving towards with a fair closed triangle. Feel free to comment and share your feedback/ideas. This is not financial advise ^^
I am a beginner in the market but TSLA is consolidating and based on Elon's news, there is a high probability it is going up. It could also fall, but I do not think there is a reason for TSLA to fall besides a market crash.
