The Long Investor

$COIN

$COIN has made its way back up to the 200 Day MA once more, having rejected here a number of times at the end of August.

We can see that the 200 Day MA is a firm resistance level so this is a big test now.

Another rejection and I think we know which direction this is going next then.<...

$AMZN TOP 20

$AMZNs strength continues, held on the 50 Day MA again today and managed to end the day 1.8% up on what was a difficult day for many in the market.

$AMZN is my third highest held position and members will know I have wanted to be wrong on this chart so this can come down lower so I can add ...

$ZM

Another retest of the trend line today and bounced.

On the 1hr chart here we can see that the 50 Day MA has crossed through the 200 Day MA and on the daily, this has not happened yet but may happen tomorrow or early next week, which is also a bullish indication.

A lot of stocks have b...

$LI

$Li continues to be out on its own compared to other Chinese EV/HYBRID stocks and rightly so because their execution has been immaculate.

Once was the lessor of the 3 stocks between $NIO, $XPEV and $LI but they focused on their supply chain issues and ramped up production.....they did have ...

$DNA

A lot of eyes on this from what Patreon is telling and I am happy to see that.

When a stock follows our charts, we can take advantage of its movement.

What we need to see next is the price losing the 50 Day MA on the 1hr chart which is just slightly below.

We want to see this mo...

$FSR

Some mixed moves in the PM this morning, was up 2% and now flat as the rest of the market is feeling it this morning too.

Very positive announcement today from $FSR that they will ramp up production from September and expect to produce 300 cars per day from Q3, up from 180 a day.

This...

$JD - RC -

Unfortunately is not sitting as confidently as $BIDU and $BABA.

It is looking on track to test the blue line again at $31.60 and in the PM now it is below the 50 and already below the 200 Day MA.

$JD's fundamentals are probably one of the best from any of the large caps from China, so...

$AAPL TOP 20

Are we honestly surprised to hear that a number of negative reports have came out this week, when $AAPL are due to release their Iphone 15 on the 15th.....this is a stock that just ran from $172 to $190 and caught many people (not us) off guard and now people want it lower.

I want $ABNB low...

$PYPL TOP 20

Looks like there may be a move coming for $PYPL shortly.

Sitting on top of the 50 Day MA right now and the 200 Day MA is coming down to meet the price now.....we want to see the 50 day remain as support and then to flip the 200 Day to support when they meet each other, the 50 Day crossing u...

$PFE

$PFE has not found the momentum is needs yet, the positive news is that it broke out of the long wedge but the two negatives is that the price could not get above the 50 Day MA and was rejected a number of times here and now the price is heading towards the $34 target at the 0.78 Fib.

So th...

$BABA TOP 20

$BABA is doing very well here and it was only last week that people were really starting to turn on $BABA and the Chinese economy....that seems to be getting quieter and quieter.

The chart could not look more positive either, the price found support again above the confluence level at the 5...

$NIO TOP 20

Definitely starting to feel a bit like ground hog day with $NIO as this continues to move sideways, between the 50 and 200 Day MA, keeping a very tight range between $11.35 and $10.20.

Like I said yesterday, we should feel perfectly fine about this as the rounding formation continues to sta...

$VIX

Showing a slight bounce today but this is right in the middle of the downward channel, nothing looks out of place and the trend is certainly downward.

The price also got rejected at the 50 Day MA today too.

The trend for the $VIX is showing a move down until the end of the year.....wh...

$CHPT

$CHPT had their earnings report out today and it was a miss, a big miss, -81% on the EPS.

Confirming our chart that this is into the bear case, there is no changes to the previous chart we uploaded.

Targets are below as shown at $4.85 for the First Target and the worst case scenario a...

$LUV

In the PM today, $LUV was initially down at -6% on an announced that $LUV said they anticipate oil prices to increase for the rest of the year and this will affect their bottom line....however, they said their guidance for Q3 is unchanged.

That -6% then went flat at the open and finished th...

$TSM

Another stock that I highlighted on our watchlist this week and likely to follow $AMD too.

We can see that the price is just between the 50 and 200 Day MA and the 200 Day MA is exactly at the 0.38 Fib too....so this is a strong confluence level.

A test of support here and this could b...

$PENN - RC -

$PENN continues to work its way through the wedge here and it is fair to see that it is keeping it very strict within the wedge too which may not be a bad sign.

The bad sign is that the price has not been able to hold our blue support line so there is weakness and I expect the price to cont...

$RIVN - RC -

$RIVN continues to deliver the goods here, performing very well since finding support on the 200 Day MA and has now comfortably gone above the 50 Day MA and has also found support above this level too.

So no changes to the count here....we want to see $NIO follow with similar momentum and s...

$PTON - RC -

Tested the blue line yesterday at $6.71 and has so far not recaptured the line yet, so we want to see another attempt here shortly and for the price to stay above the blue line at $6.71 and find support above.

This is also what we want to see with $SE, recapturing the previous blue support ...

$ACHR - RC -

$ACHR has been moving very well through our impulse wave since the last time we uploaded this, I also note that $ARK continues to buy $ACHR and did so yesterday too.

I don't expect Wave 5 to go any higher than the 3.618 Fib at $8 before coming back down for its ABC correction, possibly down...

$SKX

A lot of our members will know I am quite bullish here for $SKX and I really like this chart set up.

Having tested the blue line once already, it has pulled back and found support on the 200 Day MA and has bounced very well since.

Just above at $52.30 is the 50 Day MA, so getting abov...

$SBUX

Continues to look weak here and has done since failing to stay above the wedge yellow trend line at $105.

We can see now that the price has lost the 50 and 200 Day MA and the 50 has crossed down through the 200 Day.

The 50 Day has also acted as a resistance line too.....further highli...

$GPS

Being the model student here and following the chart, after that very strong climb from $9.40 to $11.75, which is Subwave 3 completing for us, it has decided to let off steam and is likely to pull back now for Wave 4 before going higher.

I would be watching for the 200 Day MA movement here ...

$FUBO

Wave B is extending here in parabolic fashion, I am not buying this extension either as anything more than a trap before going lower.....we can see in the PM that the price has come right up to our First Target level at $3...I would not be surprised to see a pump and dump at the open.

For m...

$LULU

$LULU got the ascending triangle break out after their earnings report as expected and we may get to see a retest of the trend line from above here next at $395, this will present another good buying opportunity if it can comfortably hold support on this line.

Holding support is also a buy ...

$AMD TOP 20

$AMD is just being held at the 50 Day MA, this is the level we said to watch in our last update, this is at $111.20, however yesterday we did see the price going all the way up to $11.86 so there is definitely signs of this not being able to hold and it will move higher shortly.....I believe any ...

$BABA TOP 20

$BABA was flat for a lot of yesterday but we can see on the 1hr chart that there has been a perfect flip on the 200 Day MA from being a resistance to support level.

We can also see that the 50 Day MA on the 1hr is moving up to cross the 200 Day MA shortly, this would be a bullish indication...

$ZM

Very big day for $ZM yesterday and we have been waiting for it and never gave up on it either.

It finally broke out of the long channel and took off, finished the day pulling back which is a good sign as it looks set to come back and test the channel from the upside next.....as we all know,...

$NIO TOP 20

I uploaded $NIO twice yesterday so we could stay on top of how it is moving and there was not much changes after that update.

The price stayed above the 50 Day MA on the 1hr chart, the 50 Day MA is at $10.72.

This movement sideways could continue for awhile.

$NIO CEO Li is speak...

$BAC

More confirmation that $BAC has been struggling, it is starting to curl down now after rejecting at the blue line, which has been our bear case trigger line.

Credit tightening and the 10 yr being high is still playing its part here I believe and there may be more downside to go.

Our l...