The Long Investor

$SE - Chart invalidated

I will upload this chart for now to show where support needs to come for $SE and we were monitor this for the day to see how it behaves.

For now, it needs to hold the blue line at $41, any lower than this level it could be in trouble.

I am looking at the earnings results and although ...

$NIO TOP 20

We can see that the price is just sitting on the 200 Day MA on the 1hr chart and has held all day on this chart yesterday, $12.10 is still the level we want to see hold and failing this, as was the plan since Friday, the trend line below at $10.20 is support.

As long as $NIO holds above thi...

$PATH

Announced today that they will report earnings on the 6th of Sept, this stock has been consolidating above the 200 Day MA since the start of the year. It needs a positive catalyst to trigger this to move upward along the impulse wave. The price has held above the 200 Day MA for now but we can see...

$LI

$LI's chart has been very structured and just like $NIO it is also in its Wave 4 pull back, a very clear Wave 4 pull back too.

I would be watching for the 50 Day MA at $37 as a potential support line for Wave 4 to complete but as always, we set Wave 4 at the 1 Fib to start with, as we can s...

$ENPH

We have been monitoring this in the background to see how it has been handling support levels and I am watching the 0.887 Fib level in white at $138, we can also see that this is a 0.618 extension Fib level so this is a confluence level too.

On the 1hr chart, the price is just testing the 5...

$DNA

I have been impressed by $DNA's structured pull back and Wave 2 looks like it could be complete now so I am watching for signs of reversing now, as the pull back came down to $1.71 and we have Wave C ending at $1.68.

So what we want to see now is the 50 day and the 200 Day MA recaptured nex...

$AMSC - COTW from the 8th of August

Another strong day today and finished up 14% for the day.

We can see that the 200 Day MA has been a strong support line on the 1hr Chart since June and held our Wave 4 pull back perfectly.

This may pull back slightly one more time before another move higher.

I have contacted a n...

$NIO - 2020 -

Isn't this chart from 2020 simply beautiful.

Followed EW Theory perfectly and in spite of its strong rise in price, it was incredibly stable and structured.

The price resemblance right now compared to 2020 is incredibly coincidental and if the pull back that we are experiencing now is...

$NFLX

I see an corrective wave here for $NFLX, the price could continue in this megaphone pattern until the end of the year and still make new highs but overall I do not see this being anything more than a corrective wave and this could make new lows in 2024....which correlates to a correction in the m...

$LULU - CHART OF THE WEEK - COTW

One of the best setups for me at the moment, so it makes the COTW.

Earnings on the 31st of August, so we are seeing a potential break out of this ascending triangle before earnings, which may see a nice run leading to the results, the market may be positive on an earnings beat, we can see f...

$MARA - RC -

No changes to the $MARA chart, pulled back now to the 50 Day MA which we were expecting for Wave A, this would be the ideal place to bounce for Wave B before going lower again to complete Wave C, I do not think the pull back is complete for $MARA.

I get a lot of questions when I show that t...

$CHPT

$CHPT has been struggling to hold the blue line but it is managing to stay in this wedge....the direction is unclear here and both are a possibility, a break down here from the wedge and the targets below are at $5 and a very low second target at $1.88

The price is below the blue line, the ...

$AMZN TOP 20

Showing signs of wanting to break out of this bull flag, remember we have $AMZN and $GOOG still in their uptrend and since holding the 50 Day MA, it looks like a breakout and holding above the bull flag is the next move.

A hold on the $140, 1.618 Fib level and this should continue up to our...

$PFE

This is getting close.....testing the trendline here again and we can see that the 200 Day MA is just at the trend line too as more resistance, so a break and hold above $36.20 and this will have broken out of a very long and tight wedge.

I believe this is going to happen, it is a matter of...

$COIN

This has been a tough decline for $COIN, we have had Wave 3 in red at the 50 Day MA since this decline and the price is just at this level now, I suspect a relief bounce will come here shortly....the decline looks similar to $NIO's but the difference with $NIO is that it $NIO is still in a valid ...

$DIS

Testing the wedge from above now, we have been waiting for this and we can see that the 50 and 200 Day MA are just below the trend line as potential support levels too, this is an important area now.

A hold here and this could signal the start of the reversal and that Wave 2 is complete. 2023-08-14 13:48:05 +0000 UTC View Post

$NIO TOP 20

No changes to the chart uploaded on Friday morning.

We can see some weakness in the PM but we can see that the 200 Day MA is just below at the 0.618 Fib at $12.10, we are looking for a test of this level and a bounce here, this would be the ideal place to hold and complete Wave 4.

$QQQ TOP 20

$QQQ is now a lot clearer, it has lost the 50 Day MA and is on course to our Wave 4 target....I suspect this will be driven by $NVDA dropping and more pressure on the Semi and Ai industry. $NVDA is looking very weak and we are already expecting more pull back from other Semi companies which I hav...

$TSLA TOP 20

We have been concerned about this stock since its earnings release and the chart is very clear here and it has lost the 50 Day MA this week too.....the main concern is the 3 strong waves leading up to the earnings, they were strict, parabolic and mimicked each other, if you look at the low from t...

$SPY TOP 20

In line with the Mega Caps Charts we have seen today, if you were to look at this chart, you would hardly expect any pain in the market but some individuals stocks are struggling, thankfully not many that we are watching closely.

The price has pulled back to the top of the trend line now wh...

$SE TOP 20

Earnings this week on Tuesday before the market opens.

It has all the markings and structure of a stock that could really benefit from a solid beat on earnings and start its reversal.

Clear Inverse Head and Shoulders pattern formed since the start of May, with the price in the right s...

$MSFT TOP 20

Like $AAPL this has been textbook so far, pulling back comfortably for Wave 4 and sitting on the 2 Fib now. 

We have been charting this all year and know that $MSFT's Wave 3 ran a lot higher than $AAPL but remarkably, they pulled back at the same time.

Both of these companies are...

$PYPL TOP 20

We uploaded this during the week but with little to report, still struggling to find its feet and support and firmly in the middle of the buy zone and in this long wedge, can it go further down to the wedge support line? of course it can, that does not make this a bad stock, that is the stock try...

$PLTR TOP 20

Needless to say I am happy with $PLTR pulling back, it extended a little higher for Wave 5 but that is no problem, the ABC waves always come, as we saw with $DNA when it extended too.

Some of our members took profit just before the earnings and it turned out to be a sensible move, the same ...

$NKE TOP 20

$NKE is turning into one of those slow moving stocks, along the lines of $KO.

It has not done much in a number of weeks, bare hold this channel and consolidate.....but I have no issue with this.

The market needs more time here, I am still holding my position and I intend to not touch ...

$INTC TOP 20

Our concerns for $INTC have started to materialise a bit now, as this has broken down from its ascending triangle and the Double Top may be enough to spook this lower.....that being said $NVDA, $AMD and $TSM are pulling back, $INTC has never been a bullish outlier this year and I doubt it is goin...

$GOOG TOP 20

Forming a small triangle now as the market has shown weakness, this is quite bullish and tells me that $GOOG is ready for a move higher once the market sentiment changes.

Like all of the other Mega Caps, there has been no changes to what we expected here.

Wave 4 appears to be coming i...

$F TOP 20

This pull back has been aggressive and has lost some crucial support lines but I am absolutely not buying this pull back as anything more than an unnecessary over reaction. This is not a weak, risky stock, this is one of the most established companies available on the market and they have been th...

$BABA TOP 20

Had a bit of rollercoaster week, dropped before earnings and then bounced very well after a fantastic report and then gave back some gains the following day, we wanted to see a break above the $102-$103 level to confirm the impulse wave and upward trend further but it did not come.....the market ...

$AMZN TOP 20

A lot of the Mega Cap stocks I am uploading from the Top 20 list today are all comfortably keeping within their impulse structure, not a single chart is not doing what we have expected, as long as their structures remain in this way, we are happy that this is Wave 4 and not a reversal of any othe...