The Long Investor

$PINS

I do love seeing people getting absolutely confused when a chart pulls back on seemingly good information or no news....

$PINS ran exactly to the 1.618 Fib for their earnings release and although it was a beat, it is down -14% now.....this happened with $GOOG too.

The 1.618 Fib is one...

$CLSK

$MARA started its run yesterday and $CLSK is having its day today too....both are following the same trajectory and both are showing in Wave 3 now.

$CLSK is just at its previous high from December, so a break above this level is putting this in a strong position to move higher.

Rememb...

$BABA TOP 20

$BABAs post earnings decline was a disappointment and we watched all day yesterday to see where it can find support and for now, there has been support found between the 0.5 Fib and the 0.618 Fib and the blue line....which is where we wanted support to hold at the start of Feb.

So are we ba...

$JBLU

I have been waiting for a bit more price action here but it is still moving within the 50 and 200 Day MA's which is getting tight now.

The 200 Day MA has offered some resistance but the pull back was bought up immediately and the level will likely be tested again and a break out here and $J...

$PFE

$PFE price action has moved like the $WYNN chart before it started moving very well to the upside.

Price has broken out of its long wedge, hit the 50 Day MA and pulled back to test the outside of the wedge, the price maintained support on the outside until hitting the 0.78 Fib and then boun...

$BTI - RC -

$BTI released their earnings today and it was in line with their estimates but gave an unbeat growth for remaining part of the year and the stock is up 6% today.

Remember $BTI pays a dividend of 9.88% which is quite high and the share price has been moving very well with our chart....meanin...

$NET

It's always the stocks we don't hold that take off after earnings ha!
Up 15% now AH after just reporting a positive beat on EPS by 24% and the market really likes it.....it is also in our Wave 3 and there are no changes to our chart here....once the price held above the yellow line, it was in ...

$BYON - RC -

$BYON remains in a difficult position and is greatly down on its highs as the Beyond Meat hysteria did not take off after the initial excitement from 2021.

The price action is still in this downward channel...losing the 50 and 200 Day MA and the price will continue downwards....but a break ...

$WYNN - WATCHLIST -

What a lovely move and chart for $WYNN.

No changes to this chart for the last 8 months and the 0.5 Fib hold at the end of December has worked very well for $WYNN and the price has since bounced on the top line of the triangle and now above the 50 and 200 Day MA.

The travel sector rema...

$RIOT - RC -

Exact same commentary for $RIOT as my $MARA chart uploaded earlier.

Price held the blue line for support which has been a support line for the last 12 months.

Continuing to hold this level and Wave 3 remains the target at $36

$FUBO

I alerted the dangers here testing the 200 Day MA and the bottom triangle line 6 days ago (attached) and the price could not hold the level and the price action dropped violently and is down to below $2 now and coming down to our Wave C level.

Another stock in desperate need of finding supp...

$MGM - WATCHLIST -

$MGM remains in a very bullish set up, with back to back 0.618 Fib holds on the primary count and the subwave wave 2 counts.

Price is also above the the 50 and 200 Day MA.

I have not bought here because I have exposure to the sector by buying $ABNB but $MGM may suit you instead.

$SQ - WATCHLIST -

$SQ is still being held in place by the 50 Day MA, sector is hurting today too with the US 10 YEAR still holding up and $PYPL suffering today too.

Structure however still looks good and test of the Wave 2 level at $59 remains a possibility while it is being held down by the 50 Day MA.

$MARA - RC -

$MARA is up 20% today and there are no changes to this chart.

I added a long disclaimer about this company and chart in my last update so I want labour on it again.

All you want to see is that this is moving in the right direction and holding important levels, so be prepared for the w...

$LULU

$LULU is having a good day today and we would prefer to see this drop lower to complete Wave 4...

The 50 Day MA is just above at the $480 level, so a rejection here could bring this down to our ideal Wave 4 level at $428.

A flip of the 50 Day MA and Wave 4 could be complete, especiall...

$ONON

$ONON moving very well within this wedge and held it 6 times since October, meaning this is a solid support level as it continues to drift higher.

200 Day MA is the next test above at $29 and a comfortable hold above this level puts this in a good position to break out of the wedge at $29.5...

$COIN

Bulls have been battling hard to hold above the 0.618 Fib and not impede below this level and the blue line and so far they are winning.

Another impressive bounce today and staying above the 0.5 Fib at $128 should be the next aim and then getting above the 50 Day MA which is just slightly a...

$TSM - WATCHLIST -

$TSM is on fire and up another 5% today.

I said only yesterday that this has not had its parabolic move yet and we are starting to see signs of it today.

$TSM was late to the party but it is enjoying its run now

1.618 Fib for Wave 3 remains a lot higher at $166

$CFLT

We uploaded $CFLT 6 days ago (attached) showing an ABC move and now it is up 31% post earnings report from yesterday. EPS beat by 80% and the market loved it.

No changes to the chart and I believe this continues to drift up over the next couple of months as shown.

$DIS TOP 20

Bob Iger knows how to do an earnings report and call, they beat on both lines, issued $3 Billion buyback and increased their dividend by 50%....an aggressive report, which was also done by $META this season too and Bob saw how responsive this was to the market.

$DIS also improved on their F...

$PYPL TOP 20

The bears were ready to jump on any negative from the earnings report and the guide down on the FY '24 was enough for them to break this down and trigger stop losses and accelerate the selling pressure.

This is not what we wanted to see, earnings were a beat and all metrics were beat and im...

$NIO TOP 20

$NIO after jumping 12.5% yesterday is now down -2.5% as a cool off.....I am ok with that as profit takers take something off the table and it is not excessive, considering the Chinese ADRs are suffering today due to some relief and $BABA's reaction.

$6 is still the psychological level that ...

$GOOG TOP 20

$GOOG is back into the earnings gap now and recovering the decline nicely now.

Once $GOOG held the yellow line for Wave 4 which is also the 50 Day MA on the daily chart too, the bulls got back into the driving seat.

Gap fills up to $152 and gets the price action back above the blue li...

$ETHUSD

$ETH is starting its move, breaking above the yellow line today which has been a resistance line since the start of December.

A break and hold above $2400 and we have Wave 3 confirmed and a move up to $2933 looks good.

I have a position here and may increase it again above $2400 and h...

$IWM

$IWM moving very well here and rejected at the blue line which was the high from Feb 2023, this is setting up as an ABC move down now to complete Wave 2 before going higher.....this could imply that there will be some rotation from the Mega Caps into smaller companies shortly....this would align ...

$F TOP 20

$F got the move it wanted from a strong earnings report, this is a resilient horse and a company that consistently shows how to bounce back from a difficult period and that is why it has survived for so long.

I have added in the impulse wave here.

I believe there is a route back to th...

$ROP - WATCHLIST -

$ROP continues to move confidently here up our Wave 3 trajectory and has held the 50 Day MA again this week.

Price is at $547 now with a move up to $650 to complete Wave 3.

I have been a fan of this for some time but a lot of members tend to focus on just what I am buying instead of t...

$CP - RC - WATCHLIST -

A members request that is looking very strong here.

A long Wave 4 consolidation for over 2 years and just testing the previous high now from  Mid 2023 at $85, a breakout here and retest of this level to support and this is in a great position to run higher to complete Wave 5....this is...

$HUT - RC -

Down considerably since its high in July '23 and moving down in a corrective sideways movement.

Price action is still drifting down and seeking support, I would not be surprised to see this move down to the bottom blue line again before going higher to complete Wave Y at $23.

High ris...

$BTG - RC

$BTG has declined from its highs in Mid 2020 and is still searching for support and struggling to find support on the final Fib level at $2.73....losing this level and $BTG will need to test the Covid low line at $2.13 and will need to find support here.

In a clear downward channel here now...