The Long Investor

$F TOP 20

$F has certainly showed weakness today and this is due in part to trade union talks and staff, a lot of union members around the country are experiencing pay increase, pilots and delivery works being the popular mentioned ones, with UPS securing a pay salary of $170k for top of scale workers........

$AMSC - COTW -

This has been very interesting and I have been enjoying this COTW.

We can see that the price came all the way down from $10 on Monday to the 1.618 Fib at $8.60, could not hold but used the 200 Day MA just below as support instead and has bounced aggressively since.

Some members have b...

$ABNB TOP 20

$ABNB has been struggling and we can see that the 200 Day MA has been a strict resistance level and the 50 Day is about to cross down through to 200 Day MA now shortly on the 1hr chart.

I am out of my position fully now after taking profit just before earnings, I will look for support when ...

$FSR

Twice now $FSR has held the 0.618 Fib and it is just at the $6 mark at the 50 Day MA now, we know the important levels to watch for: $6.41 and getting above a stubborn 200 Day MA just above that at $6.60.

The 200 Day MA has been a resistance level since December 2021....so it is vital that ...

$LULU

Is at the break out level now and has raised its head above the $391 level, it needs to hold above this level now and we have confirmation of the impulse wave.

Earnings are not due until the 31st of August so we are seeing a move here to the upside leading up to earnings, the market expects...

$LUV

Price action is moving very nice here, I am seeing a structured bounce since holding support very well on the 0.65 Fib.

Likely in a small subwave 1 now and when this completes we can find support for a small subwave 2, so those who feel they have missed out on $LUV will get a chance to add ...

$HIMS - RC -

Straight forward ABC correction here, Wave B formed a triangle and it has since broken down and lost the 200 Day MA at the bottom of the triangle too.

The price is below the 0.5 Fib at $7.50, so I would be watching for the blue line at $6.84 or the 0.618 Fib at $6.38 for support and a compl...

$SON - RC -

Chart is long term and it looks to favour the upside but after reviewing the fundamentals which are strong but their issue is growth over the next 1-5 years....We can see that the price has stayed in this wedge for the last 2 years, I suspect this will continue until their growth projection impro...

$ONON - RC -

Is certainly on my radar but at the right price....I am seeing this product more and more and I am starting to feel its strong following, I would put it in the same bracket as $LULU and $CELH.

I suspect $LULU and $ONON could be challenging $NKE for market share shortly, it is how $NKE respo...

$OSTK - RC -

In the middle of its ABC structure now, after completing a well structured impulse wave up.

Wave 3 was quite strong and ran all the way to the second target and pulled back to the first target and then went higher.....textbook.

Wait for a retest of the First Target line again, around ...

$BABA TOP 20

On the day of their earnings report, we can see on this chart that the 50 Day MA is about to cross the 200 Day MA here, nothing can stop this crossing now.

With such a positive earnings beat, the catalysts (earnings) and the technicals are aligning here.

The elephant in the room is th...

$DNA

In the end, $DNA is now completing a very structured full count, with a clear 5 Waves up and a clear 3 Waves down, likely to finish their ABC count shortly.

Momentum is not with them after missing on their earnings so watch for the 0.5 Fib at $1.84 and the 0.618 Fib at $1.67 for support.......

$NIO TOP 20

Two important Fib levels we have been watching were the 1.27 Fib at $14.10 and the 1 Fib at $13.26.

Initially $14.10 was showing early signs of holding but weakness across the market and weak export figures from China brought this down further, very little was green yesterday.

As brie...

$COIN

Rejected at the blue line at $87 which was a previous support line, this is not looking good for $COIN as long as it stays under this blue line and we can see that the 50 day ma has crossed through the 200 day ma here very abruptly, so the trend is clear here to the downside.

Like I said be...

$AI

No change to my chart here and I left both impulse and corrective waves on the chart but it is very clear which direction this is in now, as the price has been glued to the amber corrective wave.

In my last post, I speak about weakness in the AI/Semi bubble, $AI is falling into the $PLTR ca...

$AMD TOP 20 UPDATE

Alerted earlier that the price has dropped out of the wedge, the AI/Semi companies have been been under a lot of pressure since $MSFT declared that they are still trying to figure out to intergate AI properly, to a point where they can make money from it.....This pull back has been well overdue a...

$IQ

Working its way through the wedge now after find solid support at the top yellow line.

The market has been weak but this has showed strength.....when a relief bounce comes, $IQ will likely benefit from this, it just needs the right setting now.

I expect this to continue through the we...

$CVS

Pulled back to our Blue line and just below our Wave 4 level but we can see that the 200 Day MA was there to assist the support and has since bounced. 

In Wave 5 now and likely just completing Subwave 1 now, when it is complete we can add in the subwaves.

$MGM

No changes to the projection here either....it got a pull back after its earnings, even tho it was a positive beat, pulled back to the 50 Day MA and has held there so far.

A hotel chain like $MGM is going to recover and the chart looks stunning too.

$51 remains the level to break abov...

$V

$V has brushed off that earnings blip as though it never even happened, on course now to test the blue line again, which was the previous high at $251. I suspect it will have no issue breaking above this level.

Looking strong here.

$RBLX - RC -

Missed on earnings and the share price has not been forgiving today.

I have uploaded the original chart here so we can see that the impulse wave is not valid in its current set up but we can see that the price action is just holding the bottom of the wedge at the yellow line, almost exactly...

$PLTR TOP 20 UPDATE

We knew the pull back would come and after earnings was as good a time as any....a classic buy the rumour, sell the news event.

Got pumped leading up to earnings, almost hitting the 3 Fib, well extended and has now come down and saving the structure from looking unhealthy.

The standar...

$AMZN TOP 20 UPDATE

Bullish descending triangle formed here and exactly what you would expect from a company who smashed their earnings and got a 10% climb directly after their release.

The moment this breaks out, this should continue its run to $152 to complete Wave 3.

$CROX

Sometimes I wish I shorted.....but I do not want that extra burden on my life.

$CROX is one of those companies where it makes sense however.

$DKNG

This has been like clock work.

Hit our Wave 5 target and the Second Target which has been on this chart for about 10 months now and then rejected heavily, on the news of $PENN joining ESPN.

I still think this is a good company and a strong future but wait for Wave C to finish at aroun...

$OXY

It is not popular, it is not spoken too much about but it is doing exactly what we expect of it and these are the types of stocks that make you money.

Pulled back and hit the 200 Day MA exactly and bounced and at the 0.5 Fib.

I alerted today that Wave 3 is confirmed now.

$TSLA TOP 20 UPDATE

Continues to look weak and an obscure looking Head and Shoulders pattern has been formed on the 1hr chart which is not ideal here.

For me, I will be interested in adding here once I see support which may be possible at the blue support line.

Otherwise I would not be going near this un...