We all do like NIO. Huge potential, great incomes, shows its value in the field.
Although we can see 2 bearish patterns on NIO:
1. Head & shoulders
2. Descending Triangle
We can also see that the support on 35$ is starting to get rejected strongly by the resistance line.
If broken below 35$ support next one is going to be the 50W-EMA which might be a strong...
$BNGO might show a trend continuation.
Information included in the graph.
NOTE: The information that's given by me is not a recommendation. The post is for educational purposes only.
$MSFT has broken it's rectangle shape lately. It has been a few days that was very bullish.
Also, We just entered a sell-off zone. RSI is close to 70 and volatility is high.
This is not a financial advice - The information I posted is for educational purposes only.
We might want to think about entering to MSFT if it will actually perform a triple buttom pattern.
What inticates our trend:
1. MACD lines crossed each other which might indicate us of a test to 225$-228$ areas which is a buy zone.
2. RSI is between 60-40 . it's mainly getting rejected from actually performing an up-trend, always coming back to 50 areas....
$ZOM is formatting a bullish pennant.
Technical:
- Price Per Share(PPS) is above SMA 50
- Descending Volume
- MACD's showing a reversal & about to cross.
- HIGH RR
Good luck! Not a financial advice. Shared for educational purposes only!
NOT A FINANCIAL ADVICE - THE INFORMATION GIVEN IS MY PERSONAL OPINION. USE AT YOUR OWN RISK !!!
We might want go to long if RSI breaks its trend-line, also if TAN breaks it's resistance level.
Rectangle shape is transforming for 2.5 months now which exceeds it's chances to break.
You might want to keep TAN on your watchlist to be updated if it's shape is...
