Swing Stocks for the Week ( US Stocks )

 Let's discuss this week's swing trades. As usual, these are for learning purposes and should not be taken as a buy or sell recommendation. 

Charts are from TrendSpider platform. Check it out here - 




Nio Inc.

In the daily charts, Nio Inc has formed a cup pattern.

The resistance level has been marked and Nio has managed to come out of that level with a confirmation candle.

This gives us bullish bias - let’s take a look at the hourly charts.

In the hourly charts, there is upmove and consolidation as indicated in the marked zones.

This gives us a bullish bias for the stock.

Ford Motor Company

In the monthly charts, Ford Motor Company has been on a downtrend in the marked channel.

However, we are seeing a bullish move on the upside with a close outside the channel.

Let’s take a look at the weekly charts.

In the weekly charts, Ford has managed to close above the marked resistance level with a confirmation candle.

This gives us a bullish bias on the stock.

Now. let’s look at the daily charts.

In the daily charts, there is a descending triangle pattern.

The stock has managed to close out of the pattern with a strong bullish candle confirming our upward bias.

Google


In the weekly charts, Google has been on an uptrend.

We can see that in the marked channel that has been formed, Alphabet is showing an upward bullish bias.

On the right-hand side, one can have a look at the volume shelf.

(Volume Shelf is an exclusive feature available only on Trendspider.)

Let’s look at the daily charts now.

On the daily charts, there is a descending triangle that has been formed.

The marked support level has been respected on daily charts multiple times. This is also supported by volume shelf. This gives us a bullish bias on the stock.


For Trading in US Markets, WeBull is a good option - 




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