Break out over resistance . Bullish trend since positive earnings.
Price action needs to break long term descending triangle and have it act as support to confirm.
ADX < 40 so not a strong uptrend.
RSI > 50, good time to buy on the support levels.
Breakout above resistance with x10 trading volume. Stochastics heading towards oversold. MACD line crossed over signal line with uptrend in histogram. May retrace back to MA over the next couple of days as the last closing day has a long wick indicating sellers taking profit, retracement may continue.
Elliot wave 4 finalising, retracing back to support trend and 10 MA. Buy entry should be around 26-27. Waiting on Stochastics to go oversold and bullish volume for buy signal
NIO to retrace back to 50 MA and long term support, low trading volume (investors and holders not selling), expect more trading volume and bounces along long term trend lines as horizontal support is tested. Stochastics approaching oversold. Head and shoulders pattern finishing formation.
PLTR squeeze as it follows short term downtrend towards long term uptrend support. Correction after recent Elliot wave, fractal to its longer staged Elliot wave starting from 5th November 2020. Retracement down to 40 MA and long term support. 5th wave approaching apex of the uptrend long term support and resistance. Volume is increasingly bullish after support and...
