Bullish NASDAQ Stocks: AAPL, TSLA, AMZN, NVDA, MSFT, NFLX, GOOGL - Elliott Wave Analysis Reveals Potential Trading Opportunities

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Stock Market Report: Analyzing NASDAQ Stocks - Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms, Netflix (NFLX), Alphabet (GOOGL)
The stock market has been witnessing notable trends in the NASDAQ stocks, with Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms, Netflix (NFLX), and Alphabet (GOOGL) drawing significant attention from investors. As of the latest analysis, the overall market sentiment appears to be favorable, with monthly, weekly, and daily trends all indicating bullish patterns.

Investors keen on intraday trading should note that some of these stocks still exhibit corrective patterns during specific trading hours. However, it is important to highlight that these corrective patterns seem to be transient, as they are expected to resolve themselves before the end of the current trading week. For traders who might have found themselves in unfavorable positions, there is an optimistic outlook that their trades will turn profitable as the week progresses.

Video Chapters
00:00  NASDAQ 100 / SP 500
05:45 Apple (AAPL)
13:08 Amazon (AMZN)
23:53 NVIDIA (NVDA)
25:48 Meta Platforms (META)
27:33 Netflix (NFLX) 
29:00 Alphabet (GOOGL)
30:35 Microsoft MSFT
32:35 Tesla (TSLA)
35:47 End

Applying the Elliott Wave Analysis to this scenario, it is evident that the market is currently undergoing a corrective wave four pattern. Among the selected stocks, some have already completed this corrective pattern, while others are yet to do so. The completion of these patterns holds significance as it can offer valuable insights into potential future price movements and trading opportunities.

For Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms, Netflix (NFLX), and Alphabet (GOOGL) shareholders and traders, a prudent approach would be to keep a close eye on the completion of the corrective wave four pattern. Once confirmed, this information can help in devising effective trading strategies and making well-informed decisions.

As always, it is essential to consider other technical indicators, market news, and overall economic conditions when making trading decisions. The stock market is known for its dynamism, and even though the current outlook seems promising, unforeseen events could impact the market sentiment. Therefore, staying updated with relevant information and employing risk management practices will remain crucial in navigating the ever-changing financial landscape.

 

 

Edited July 30, 2023 by tradinglounge
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