Weekly Technical Analysis #TSLA #NIO #GOOG
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$Tesla Motors(TSLA)$
Price bounced off the bullish POI at 842.36 as analyzed last week. Currently, price is unable to push higher to invalidate the bearish POI at 848.03. From here, we are likely going to see a retracement back to the bullish POI and possibly grab more liquidity before we see any move higher.
$Alphabet(GOOG)$
No changes from my previous week analysis. Price took liquidity at 120.37 and is consolidating right now. We are unable to close above the highs at 123.14 and this could be a sign of liquidity grab to go lower. I'm expecting price to go lower to fill the fair value gap at 108.42. We do see a fair value gap at 119.36 too, but I'm expecting a retracement back down to the discount level before going higher.
$NIO Inc.(NIO.SI)$
Price played out as analyzed last week. Price bounced off the bullish POI at 19.18, grabbed liquidity at 21.80 and is unable to close higher. We could see a potential down move to 18.59 and grab more liquidity before we see any up move.
Let me know if you agree and what you think. Like, share, and comment if you're holding any one of these companies! Let me know if you have any tickers you want me to analyze. Do check me out on other social platforms too!
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