The Long Investor

$FUBO

Very good lesson to take here from $FUBO:

We can see that Wave 3 hit exactly at the 1.618 Fib, pulled back and held support on the 200 Day MA on the 1hr chart and then bounced to the 2 Fib at $3.85.

We always set Wave 3 to the 1.618 Fib, which is the ideal area to set Wave 3, as can ...

$IQ

Could $IQ be anymore textbook here?

Came back to test the top yellow line, which was the high in July and has bounced....I can see a wedge forming now, which is a bullish formation.

The ideal scenario here is a breakout of this wedge, a retest again from above and this is a buy signa...

$LUV

Another hold at the $32.30 level at the 0.65 Fib level.

This appears to be testing a lot of patience but this is as straightforward as it comes.

Holding where it should at the ideal level for Wave 2 and above the trend line it broke out of.

Timing now for a reversal is what we a...

$PFE

Bouncing a little today but I think we all know the plan here now, a break out of the large wedge is what we need to start seeing signs of reversing here.

The price has just held at the 50 Day MA on the 1hr chart right now.

The price would need to go above $36.20 and hold above this l...

$SE TOP 20 UPDATE

Right at the 0.618 Fib now for Subwave 2. The 0.65 Fib from larger Wave 2 is also at $57.72.

We want to start seeing signs of reversing now, we have been here before with $SE at the start of July and it reversed very quickly.

Holding the 0.618 Fib and above $58 is important now, if th...

$ETSY

$ETSY has been on a complete rollercoaster.

Initially in an ascending triangle in June, broke down and formed a triangle and broke out  of this triangle leading up to earnings.....earnings reported and although it was a double beat, the market did not like what I saw.

Price has b...

$BABA TOP 20 UPDATE

Pulled back to the 0.618 Fib again today at the opening and found support and so far it is bouncing.

Still more to do but I would like to see this get above the 50 Day MA on the 1hr chart at $98.50 next.

BUY ALERT

$AAPL

No stop loss.

$AMSC - Chart of the Week - COTW

Ok since Alex alerted our group of the Superconductor buzzword last week, I have been doing some research into what this is.

And to say I am interested is an understatement.

Engineers in Korea have been able to develop a semiconductor that can work at room temperature, usually it need...

$NU - RC -

We do love $NU in this group.

Has been just following our projection and we can see how clear this long Wave 3 has been.

I can see that this Wave 4 is looking to move sideways and may be a shallow pull back as the 50 Day MA is just below and may offer support before going higher.

$CWEB - ETF -

$CWEB is a 2 X leveraged ETF, so effectively, whatever $KWEB moves, this doubles it....in both directions.

Would I prefer to buy this instead of options? absolutely.

But remember it does come with risks, if any unforeseen circumstances arise.....geo-political or anything of that natur...

$DOCU - RC -

Sideways moving here for 9 months now and it is hard for me to be bullish on this company because I do not believe they have any significant moat, I believe $AAPL will likely destroy this company with any meaningful software update or $ADBE could integrate their own software into their market. 2023-08-07 11:50:43 +0000 UTC View Post

$CRWD - RC -

Popular stock in our group and I have uploaded in awhile but it has been following our projection and I would like to bring to your attention this potential ascending triangle formation.

Formation started in June and has one attempted break out and rejected staying above the top of the tria...

$NIO TOP 20

Everything has been moving in the right direction here and with the volatility and uncertainty in the US market last week, $NIO survived untouched and showed no weakness, making higher highs and higher lows and being a strong hedge against a wobbly US market.

In the last update we said that...

$QQQ TOP 20

The $QQQ looks significant different to the $SPY chart,

The price is just testing the 1.618 Fib from above, the level we always set Wave 3 at and it is showing like it will at least test the 50 Day MA which is lower at $366.

If this level is lost, it will likely pull back to the 1.127...

$SPY TOP 20

I have gone through this chart a lot over this weekend and can see very little in terms of a pull back to be anything more than a small subwave of this larger Wave 3 count.

It is still well above the 50 Day MA and we can see the yellow trend line is above that too.

Plenty of support h...

$TSLA TOP 20

The only thing that is holding this up is the 50 Day MA on the daily chart which can be clearly seen here.

For me, the trend is moving more to the downside so I am still leaning towards the red corrective count....unless the bulls can really step in and push this back above $268.

They...

$SE - TOP 20 - NEW ADDITION -

Longer time frame was requested here.

No changes to the chart or count.

Inverse head and should shoulders is still live here and we want to see a pull back and hold above $58-$59, the 0.618 Fib is at $58.04.

Earnings report is due on the Tues, the 15th of Aug.

A hold above...

$PLTR TOP 20

There is enormous pressure on $PLTR to deliver tomorrow for their earnings report.

The price extended past the 2.618 Fib this week but stopped out at the 3 Fib.

We could get this running to the 3.618 Fib on Monday, before or after the earnings but this needs to cool down then.

I...

$MSFT TOP 20

$AAPL and $MSFT have been following each other with $MSFT starting its Wave 4 first.

Both charts are not showing any reversal to their impulse wave up.

What I am seeing is a healthy pull back and a classic Wave 4.

I believe $MSFT will continue down further to $319, if this level...

$INTC TOP 20

Continues to offer bull and bear case scenarios.

Double top here as we can see from the white circles - bearish, but also in an ascending triangle too which is bullish.
The positives is that the price is still above the 50 and 200 Day MA, in spite of both bull and bear formations.

...

$GOOG TOP 20

As many of you know, $GOOG has been a stock that has tested me over the last few months, what we knew; it was in an uptrend but it wasn't moving as clear as the other Mega Cap stocks, we can see that the earnings around the start of May offered stability and the trajectory became clearer.

E...

$F TOP 20

$F survived the chopping board of the Top 20 list.

I like how the chart looks and the potential upside for the next 6 months.

It was fighting hard to try and keep the 0.618 Fib into the end of the week, but it is just at the 0.65 Fib now, the yellow trend line may be needed here to so...

$COST TOP 20

Started to pull back here finally.

I still need to see more to see where is the ideal spot to add.

However, the 50 Day MA at $532 is looking like the ideal spot to add.

Finding support here would be a nice buy to catch the upside to $590 and $670

$BABA - TOP 20 - NEW ADDITION

A stock I upload most days so I think we are all happy with the structure and the count here.

I am bullish on Chinese stocks and doubled my position in $BABA this week on the pull back.

I can see that Burry's average on his $BABA holdings is at $86, which is in line with my holdings t...

$AMZN TOP 20

$AMZN absolutely smashed earnings for me and really silenced any doubters, I am happy because I am bullish on this stock, however I really wanted to buy more at $120.

We just needed something negative to appear on the report and it would have behaved exactly like $AAPL did and flushed down...

$AMD TOP 20

No changes to the plans here, still in this tightening wedge and making a lower high but also higher lows...I am still leaning towards my count and we see a low first before it can go higher.

$TSM appears to be behaving in the same manner, so no rush here, we will wait for the entry point.<...

$ABNB TOP 20

Showed weakness leading into earnings and I spoke about taking profits leading to earnings too and that is what I did, so far it appears to be the best move and I will have no issues getting back in once the $145 level is regained.

If it is not regained by Mon or Tues, I believe the price c...

$AAPL TOP 20

We got our Wave 3 complete and has dropped almost -5% in one day, a drop like this has not occurred since early 2022.

Friday was certainly aggressive for $AAPL, we are talking about a company that went into the bull market when the banking crisis hit the US in March '23.

Wave 4 is cl...

$DIS

Earnings out this Weds after hours.

The price rejected trying to get into the triangle and still in this descending wedge holding just above the $84 level.

It's getting very tight in there now.

I suspect a direction will be decided this week.

Bob Igor is a Vet, he's been ...