The Long Investor

$AAPL TOP 20

$AAPL holds the key to the market and that was even more evident this week.

In our last update we said we wanted to see $AAPL get above the 50 Day MA and if it can do this, this is further confirmation that Wave 4 is complete and we are in Wave 5 now.

$AAPL had no problem breaking the...

$WING - RC -

Not seeing anything more than an ABC corrective move here in this uptrending channel...we are already see the start of a rejection trying to get out of this channel and that is very hard to happen when the previous wave count is a corrective wave and Wave C ends high.

What follows then is a...

$VRT - RC -

This Wave 3 has been vertical and parabolic and saved only because it is Subwave 3 of Wave 3, so if you are gonna see a parabolic move at all and I do not like to see them, this is the only place it could possibly get away with it.

The big test now will be for its Wave 4 pull back, the pull...

$LCID - RC -

$LCID showed hope when it broke out of its channel and has pulled back since and has been saved by the last Fib level and 0.88, so Wave 2 is still valid but it must do better than this and certainly get back out of the channel and hold above again, if it can do this then the impulse wave as shown...

$EBAY - RC -

I am not seeing this as an impulse count, it had a very good run in 2020 and rose quite abruptly and this is not the hallmark of the start of an impulse wave.

The price has also broke down from this triangle too which is not a good sign, as the formation is bearish too....the trend that ent...

$COPX - RC -

The technician in me really does appreciate a beautiful chart and this is simply one of them, for how symmetrical the chart and the set up is.

We have a well defined large ascending wedge (my favourite bullish formation) and also inside this, we have another ascending wedge, we saw a double...

$TTD - RC -

Quite a complex chart with mixed reading, so I have both an impulse and corrective wave uploaded, similar in characteristics to the $INTC chart, which has not found its direction for the last 24 months.

On the chart we can see that if the price goes above the green line at $91, the impulse ...

$KHC

Is another stock that is at its 52 week low and it has been a couple months since I uploaded this last and we have always had this coming down to the blue line, so this is on track for us.

I believe there will be value on the table here when this reaches $29 and fundamentally a very strong ...

$GIS

I am spending the weekend doing some deep analysis on potentially undervalued stocks and looking at large companies at their 52 week lows this week.

Stocks that have been really beaten up over the last few weeks, possibly accelerated due to the market pull back.

General Mills here is ...

$KWEB

Long move sideways but the temps have cooled down for China over the last few sessions and in spite of the noise, the chart is looking as healthy as ever.

Holding two 0.618 Fibs here, first for Wave 2, and now for what is likely Subwave 2.

I strictly follow the charts when the noise g...

$LULU

Earnings was a beat, a modest beat but they have kept their record of not missing an earnings since June 2020.

$LULU is the only company I know that people want to own every item, in different colours, I have never seen this sort of loyalty before....$NKE would have the closest resemblance....

$DAL

If Subwave 1 is in now, we are will be watching for the 0.5 and 0.618 Fib levels at $42.57 and $42.22 for support.

We can see on the 1hr chart that the 50 Day MA is at $42.57, so trying to hold onto this line would be an important confluence level

Failure to hold here and the 0.618 Fi...

$BABA TOP 20

Very strong day today and a very positive jump since holding the $88 line now, up 10% too from this point.

We can see that the price pulled back to the 200 Day MA on the 1hr chart and has held comfortably and bounced today.

$102 remains the target we want to see broken through, this w...

$DNA

Very $PLTR'esque here, in a neat ascending wedge here which is a bearish formation and normally found in Wave 5's and Subwave 5's, which perfectly aligns with a need for a pull back so I have added in the ABC waves now for a pull back....so those who missed out on this have an area now to aim for...

$COST TOP 20

ABC looks complete now for $COST and the last hurdle is getting above the 200 Day MA which is just slightly above at $553 on the 1hr chart.

Nice upside projection here until the end of the year too to $670.

$DIS TOP 20

I keep coming back to $DIS, although it is certainly not out of the woods yet, it is in a very attractive position right now and if the market decides to turn bullish and it is certainly showing positive signs of it.....buyers will be attracted to the value on offer here with $DIS.

It is on...

$OXY

Very nice hold at the 50 Day MA at the 0.5 Fib for $OXY and has not bounced, the price is also above the 200 Day MA here now too and moving well again in the PM.

I have a position here and may add again when this goes above $66, confirming the higher high and higher low.

My money has ...

$XRPUSD - RC -

A pump and dump heavy happened in July through to August, a clear ABC move up and now followed by 5 waves down.

I do not follow $XRP so I do not know the cause of this....probably something related to a SEC issue with them.

$XRP's chart has not looked great for a number of years now.....

$SABR - RC -

Long downward channel here too since 2021, it had worryingly gone below the blue line which was the low in March 2021, but has managed to recapture the line quite quick.

The price is just holding above the 50 and 200 Day MA level right now, needs momentum to bring this above the channel lin...

$EDR - RC -

In a clean ascending triangle here but since their earnings, they have come right down to the trend line to test for support.....luckily it has found support here. 

Will need to recapture the 50 and 200 Day MA next before attempting to break out of the ascending triangle top line.

$CRBU - RC -

This stock is only on the market since 2021 and with most new companies on the market, they tend to start with an ABC correction and this is no different.

It has spent the last 12 months in a declining wedge and does not look like breaking out of it anytime soon, the likely movement will be...

$ATKR - RC -

A number of requested charts to be uploaded today and so far $ATKR is looking to be one of the healthiest looking charts today.

In a very neat structured channel here since 2020 and does not look like veering out of this channel either.

It has also managed to stay above the 200 Day MA...

$NIO TOP 20

19,329 production numbers reported this morning, this is the second highest month on record and although slightly down on last month, they are well underway to hit the higher limit expected for this quarter and could hit 60k.

Share price is hovering between the 0.618 Fib and 0.65 Fib for t...

$CAT

Very nice chart here and no changes to the last one I uploaded, we can see here that the price has pulled back to the blue line and has bounced very well since and it did not even need the 50 Day MA as support either.

This one is a slow mover so doesn't attractive a lot of attention but thi...

$DKNG

Beware of the bounce, we are seeing a few of these set ups now and we know better, this is a hallmark Wave B bounce after climbing a very clean Impulse Wave up to Wave 5 at our Second Target.

Wait for this to come down further before chasing.

I think a pull back to the yellow line and...

$FSLY

No changes to this chart, just stunning with more upside to go to get to our Wave 3 target at $29.

$BKNG

Very nice test of the channel from above and bounce to hold support.

This chart is very attractive but I think the high share price puts a lot of people off from buying.

$BKNG is leading the market in terms of bookings for stays and I am a big fan of their service. 

$BAC

Very interesting to see this test the blue line from below and has so far rejected at this level.

The market is showing bullish signs but the banking sector is starting to feel the pressure of interest rates staying higher for longer, which will ultimately tighten credit facilities.

I...

$BABA TOP 20

Nice work from $BABA today, we can see that the 200 Day MA at the 50 Day MA right beside each other now at $92.17 and the price has come down to $92.16 today exactly and has held all day.

This is a very nice test of support here, we want to see this continue.

I am happy to see this on...

$EL

$EL has been a divil, very common phrase in Ireland, its when young kids are being bold and this has been a little rascal.

That being said, it has just raised its head out of this long and large descending triangle.

It has performed very well since hitting the bottom of the wedge at $...