The Long Investor

$PYPL TOP 20

Held the 0.38 Fib, the 50 Day and the 200 Day MA here and now back green after this mornings dip at the opening.

It is edging closer to the $64.11 level which is the first of the big tests for $PYPL.

As we approach $64, if we get a positive catalyst, like $PYPL announcing it has bough...

$NIO TOP 20

$NIO continues to struggle to find support and has entered the buy zone yet again.

Very disappointing to see it work its way down through all support levels and all Fib levels and to be at the very last Fib level now at the 0.887 Fib, failure to hold here and $NIO will likely test the $7 bo...

$GOOG TOP 20

Almost in the exact same situation as $MSFT, testing the previous high now and we spoke about this in the last update, we wanted to see a firm hold above the yellow line at  $141 and although there has not been a retest of this line, the price action is staying comfortably above this level.....

$PLTR TOP 20

3 wave bounce so far for $PLTR (highlighted in white), bulls will be looking for a 5 wave bounce if this is the start of Wave 3 and the continuation of an impulse wave, so until we see 5 waves, we need to be open to the fact that there is still one more leg down, to either the gap fill at $15 or ...

$MSFT TOP 20

Strong bounce today from $MSFT, along with $AMZN and $NVDA, it is not he first time in the last 12 months that Tech and AI have been leading the market recovery.

$MSFT needs to break above $384 and it has hit a new high and we are into Subwave 5 of Wave 5 and the road to $411 is on.

T...

$LMND - RC -

No changes here since the last time I uploaded this 3 months ago.

Still following our projection up to Wave C and has retested important support lines now, our middle yellow line and the 50 Day MA too.

Since retesting, the price action has bounced well and a break above $21 next would...

$ELF - RC -

Wave 5 now after Wave 4 comfortably found support on the 0.38 Fib, which is the standard pull back Fib for Wave 4.

The price has already jumped very aggressively from $88 on the 0.38 Fib and it at $154 right now.

I believe this in its final subwave now of Wave 5 and I would be watchin...

$PLUG - RC -

Extremely long and tight wedge here form $PLUG, the price action is testing the 50 Day MA and the wedge trend line now....a breakout here and this could get very interesting.

This is a high risk, high reward play here because this could breakout and not hold above this wedge and break back ...

$PFE

$PFE still has my attention after bouncing on its historical support line and breaking out above its very acute falling wedge.

We are just seeing one bounce already so the real interest will be what happens on the pull back, will it find support on the outside of the wedge or record another...

$SOFI

$SOFI is into its 5th day of holding on the blue line now.

The Bulls are fighting hard to defend the line, the more strength they show, the more likely the chance of a breakout to the upside will be next.

The 50 and 200 Day MA are just slightly below to offer further support if needed...

$ETHUSD

$ETH has been testing its previous high after the false report yesterday evening that all $BTC ETFs will be announced that they are approved shortly, the SEC has since said that their site has been compromised but many believe this is still eminent and there will be approval shortly.

$ETH h...

$CURE - WATCHLIST -

$CURE has broken out of this wedge that we have been watching closely and has not looked back!

It has bounced incredibly good on the 200 Day MA and moving well.

I do not recommend chasing here if you missed it but adding on the pull back.

The ideal scenario here is a retest of t...

$QQQ TOP 20

The big elephant in the room is that the CPI figures are due out this Thursday and any week when this is due is going to bring some volatility.

The $QQQ has bounced this week which is what we expected from our weekend update and we may get a test of the blue line here again at $408 from bel...

$PLTR TOP 20

$PLTR had a positive day yesterday, possibly on the optimism that the bottom for Wave 2 was complete but I am not seeing any solid confirmation that a reversal has happened and today we did not see a continuation of this bullish behaviour.

Bulls will like that the price action found support...

$STLD - RC -

It has been a number of months since I have uploaded this and we can see that there is not much changed since the last time I uploaded this.

Japanese firm are looking at buying US Steel at the minute, so there may be some interest around this sector in the short term.

If $STLD rejects...

$PLNT - RC -

Planet Fitness looks almost identical to the $SQ chart after bouncing at the bottom of its channel and about to test the top trend line shortly.

I suspect the same thing will happen to $PLNT as it did with $SQ and it will reject and pull back for support.

Where support is found will t...

$NIO TOP 20

I continue to watch $NIO to see how it is behaving and if it is similar to the inverse structure on its way down to the Double Bottom and so far they are almost identical, so we will continue to watch this.

We can see that there is a an expected bounce just at the top of the buy zone.

$PYPL TOP 20

We got some manipulating from Morgan Stanley before the open today, the timing of which is very interesting as it starts to build momentum towards the $64 - $66 level.

I am not buying this downgrade from them and it looks like a clear attempt to accumulate before leading up to earnings next...

$GOOG TOP 20

I think a number of members are eager to add to their $GOOG holding to catch more upside for Wave 5 and I will share what my plan is.

If the pull back is not complete for the market and the price comes down to the 50 Day MA here at $135, which we have seen on a number of charts lately, then...

$NET - RC -

$NET has been showing a lot of potential lately after consolidating for nearly 2 years in in between our yellow channel.

A break above the top yellow line at $80.80 and we have Wave 3 confirmed, with a target of $113 for Wave 3.

I have been impressed with the price action and being ab...

$PATH - RC

Nice movement by $PATH here, we can see that it formed an ascending wedge and broke down around the 1.618 Fib, so we expect this pull back to be Wave 4, holding between the 50 Day MA and the 1 Fib at $20.30 before going higher to complete Wave 5 which I have set at the 2.27 Fib at $30.

$EEM - SAFE HAVEN -

$EEM is an emerging markets ETF which I have been watching in the background and fits very well into our safe haven and long term strategy.

I was watching to see how $EEM would handle its support on the 0.618 Fib at $37 and it has been able to hold strong support above this level for the la...

$TSM - RC -

It has been a month since I last uploaded $TSM and it has been moving very well, it retested our blue line at $98 and has bounced since.

I have had Wave 5 at the 2 Fib for the last few months but this could run higher and will likely test the previous high in May at $110.

$AMD and $TS...

$NIO TOP 20

$NIO fought hard to recover yesterday and even got back to the $8.05 level leading up to the EOD but was not able to hold this level and started to reject towards the close.

We can see on the chart that it looks like a rejection on the 1hr chart at the 200 Dma and at the 0.618 Fib, which is...

$FSR TOP 20

$FSR is showing incredible amount of weakness here now after losing the previous low at $1.35.

New CAO was announced yesterday before the market opened, which should have been a positive catalyst but it had the opposite effect on the stock and it dropped around -10% for the day.

Marke...

$NVDA

Someone check in on Michael Burry and see if he is ok because this is back to back massive losses for him shorting the market and now shorting Semi's.....incredible.

$NVDA has gone above the 4.618 Fib for the first time in 7 months, probably allowed due to its pull back to $392 at the end o...

$VIX

Rejected again at the blue line and this time assisted by the 50 Day MA as a further resistance level.

We may see another attempt at the blue line again and the 200 Day MA might be needed at some stage but I believe the price still continues lower as the market melts up for Wave 5.

Th...

$RIVN - RC -

$RIVN has gone as close as $0.22c to our 0.618 Fib level today and has bounced on the support, this is as much as we need to see for $RIVN to complete Wave 2, so it just needs to hold above this level now.

A retest and a second show of support would also be the perfect scenario here to furt...

$MELI - RC -

I think $MELI is going to continue moving with the market and the Mega Caps through this Wave 5, as it has been mimicking their movements too.

We can see that the price bounced on the 50 Day MA too and it remains to be seen whether this pull back is complete, because I can see 3 waves now b...

$ETSY - RC -

Standard pull back here to the 50 Day MA which is between the 0.38 Fib and the 0.5 Fib levels, I can only see one wave so far in this pull back, so I also expect a bounce here shortly for Wave B, before moving down lower to the 0.618 Fib at $70.

A lot of stocks are bouncing on the 50 Day MA...