Added in two indicators here too but everything else is unchanged. The difficult time remains for Google, indicators are showing more bearish than Apple, as this chart is on the daily.
Under the 200 Day MA, struggling to hold the 50 Day now, negative on the MACD and bearish momentum on the RSI, also in a bear flag and back in it's red channel.
When we were assessing whether NIO would get back into its red channel, we looked at all of these indicators together and it painted a clear picture that NIO would drop and it has dropped 30% from $13 to $9.90.
We can be wrong of course but we are using all available information and coming to a decision, giving us the best possible chance to determine the right outcome.
This is solid analysis and not aimlessly hoping a stock will go up or down, we will never do that here.
I believe $GOOG and $AMZN could start coming into our buy zones soon.
Bjoern Szymkowiak
2023-02-18 22:15:54 +0000 UTC