US Stocks: ADBE, IBKR, NIO, OKTA, SNAP, Elliott Wave Analysis - TradingLounge

Alessio Barretta Elliott Wave Analyst for US Stocks.
He is focused on our 130 innovative disruptive stocks list. 5 Charts are posted to the https://tradinglounge.com/​ website site with two videos posted to YouTube each week, time permitting.

Adobe Inc.,
ADBE Daily Chart, April 19 2021
Everything is moving as planned, we should see further upside. The move is actually being more
aggressive than I thought, so let’s not be surprised if we see a pullback, which could be wave iv). As
long as it is in 3, we can buy it.

Interactive Brokers Group Inc
IBKR: Daily Chart, April 19 2021
As predicted, the b) wave was not completed. At this point I’d like to see further downside to
completed c) of 4. We already have some potential reversal point between 72$ and 68$. Also around
70$ we have equality in length of Minor 2 compared to Minor 4. That area will most likely be a
strong support zone.

Nio Inc.,
NIO: Daily Chart, April 19 2021
The triangle in wave 4) could actually be in place and a long position with a very tight SL could be
taken into consideration. We cannot break the wave C low at around 33.8$

Okta Inc.
OKTA: Daily Chart, April 19 2021
At this stage I had to change count and came up with a bullish alternate. Once and if we’ll get a
pullback to the downside, we’ll see whether it’ll be in 3 or 5 swings.

Snap Inc
SNAP: Daily Chart, April 19 2021
Snap moving as planned, it’d be better if we get another leg down before resuming higher.