The Long Investor

$SKX

Getting very very tight at the top here. Earnings are out after the close tomorrow (Thurs) and all this needs is a positive beat and this breaks through the blue line and we are into the bull case.

This is my opinion as the price action has been looking very good, strong and structured.

$SE

Very little to report since my last update, we said that we liked how the price held at the 50 Day MA and has bounced since, nice movement in the PM today already, a test and breakout of the 200 Day MA at $64.20 would be a very big statement and a far cry from the lows at $54 two weeks ago.

$PSNY - RC -

This Wave 4 pull back has been strong, more so than the other EV stocks, more in line with $TSLA compared to other early growth EV stocks.

The aggression came from a rejection at the 200 Day MA too, so this needs to hold the blue line now at Wave 4.

A slip down below here and this is ...

$OXY

Breakout of the wedge, a retest from the upside, holding above the 50 Day MA and breaking above the 200 Day MA yest. In the PM today, the price is just at the 200 Day MA at $63.20, we want the price to hold above this level and that is the impulse wave confirmed.

I am a fan of $OXY and a ho...

$NOVA - RC -

I believe the price action is still in this WXY count but there is still bullish signs to this count too.

Above the 50 and 200 Day MA and the 50 day is just about to cross through the 200 Day MA today, this is a bullish indication and although I have this as a corrective wave, the short ter...

$LULU

No breakout yet, it has made one attempt last week and dropped back down after weakness swept through the market but the price action has remained high since, it will likely make another attempt at breaking out again.

The price is still comfortably above the 50 and 200 Day MA.

I think...

$IQ

Price is just sitting on the 200 Day MA now and still in this bull flag, earnings are out shortly so we may see more sideways movement until the report is out but as long as the price action stays like this, the count remains as shown and it favours the upside.

$GLBE - RC -

Zero changes here, just because there is a pull back, it does not mean that the chart needs to be updated again, we know pull backs are part of the movement.

The price is way above the 50 Day MA and there is likely some profit taking here.

Structure remains strong.

$DOCN - RC -

Chart has been cleaned up but the trend is clear here, breakout of the downward channel and the price is way above the 50 and 200 Day MA and we can see that the 50 Day crossed through the 200 Day, giving a bullish indication and that is the resposnce.

This is what we are also waiting for on...

$CVS

Very happy with how this has been going since breaking out of the ascending triangle and above the blue line and out of the buy zone.

It has done everything we have expected of it so far, I expect Wave 3 to continue higher to $77 and this brings us up to their earnings report too....after s...

$CHGG - RC -

Very little to report here since this has broken down from this triangle, it needed to hold one of the amber Fib levels and so far it has been holding where we set our blue line at the 1 Fib level.

Earnings are coming up at the start of August and it really needs to be positive, there is no...

$NIO UPDATE

Over the last few days the price action has gone to plan, a little bit faster than I expected but the momentum was there over the last few days with positive news flowing out of China too.

The price jumped to our Subwave 3 target at the opening yesterday and then pulled back, we knew that t...

$LUV

Very similar setup here compared to $JBLU, both pulling back, in line with other airline stocks today and recently after breaking out of its long downward channel.

Price action has not quite pulled back to the 0.5 Fib yet, where we can see the 200 Day MA is already there and waiting.

...

$JBLU - WATCHLIST -

Jetblue is one of my favourite airlines in the US, we have a codeshare agreement with them with my airline and I know how good they are and their expansion plans.

So I think there is an opportunity here for people who have missed out on $DALs run.

We can see that the price action is p...

$AMZN TOP 20 UPDATE

Earnings on Thursday and quite clearly we can see a big difference here on the RSI and MACD indications compared to what we have just seen on the $BABA chart.

Both RSI and MACD are trending downwards with bearish indications and this is exactly what we want to see if we want the share price...

$BABA

Small pullback today after its strong move yesterday and adding $10 Billion to its market cap valuation yesterday.

The trend remains the same and I have added in the RSI and MACD here to supplement our chart.

RSI has been moving in a bullish trend since May, with more upside to go bef...

$FSR

So $FSR battled to try and hold the $6 level, which is the 0.5 Fib and the 200 Day MA is there aswell.

Eyes are on the 0.618 Fib level now at $5.71 to hold for support, which is the normal wave 2 support level.

We have the wedge trendline just below that at $5.20.

These are the ...

$VET - RC -

Fundamentally, this is a strong company....in fact, I haven't seen fundamentals as strong in any other company for a long time but the concern here is the EPS for the next year, which is negative and over 5 years it is 20% which is not a lot.

So I have put both options on the chart, the imp...

$XHB - RC - HOMEBUILDERS ETF -

I had to go all the way back to 2008 to identify the start of this trend and I am happy that this is in Wave 5 now and expected to top out at $106.

The Bull case is confirmed when the price goes above the previous high at $86 which is very close.

20% gain here is a possibility and the...

$V

$V will report their earnings after the close today and this is a good time to share the $V chart I uploaded last week. It is looking in a very good position to move to the upside if the report is a beat and offers no surprises.

The price needs to go above $251 and hold and we are into the ...

$F TOP 20 UPDATE

Nearly at our Wave 2 target now at $13.40.

The 50 and 200 Day MA are showing a bearish indication here so this may push the price down further to the 0.618 Fib at $12.87 or even to the wedge trend line at $12.50

A hold at any of these levels is a buy signal for me.

$DIS

Rejection at the wedge now from below.

So we will likely see an attempt at trying to hold at the blue line which was the previous low.

A break down here and we are into the bear case and buy zone.

$DIS got a downgrade today from Atlantic Equities to a PT of $76, which is exactly...

$BA - Reminder -

Don't forget this chart folks.

Earnings out tomorrow and the price action has been consolidating in this bull flag range since Feb, it is looking primed to break out and earnings tomorrow morning before the opening could be the catalyst to take off (excuse the pun).

A break and hold a...

$MSTR - RC -

I am torn between Wave 3 already finished or it has one more move up to finish at the 1.618 Fib at $484 before pulling back for Wave 4.

I have gone with Wave 3 already completed and this pull back is for Wave 4 now, but I am open to the possibility of the first option.

Either way, the...

$FSLY - RC -

Price rejected at the upper channel of the slightly tightening wedge but the trend is still upward and has made a new high and still making higher lows. 

Impulse wave is still good here and I like how Wave 2 held between the 0.618 Fib and the 0.5 Fib which is ideal for Wave 2.

Bu...

$ENVX - RC -

$ENVX all going to plan here, went slightly above the 1.618 Fib level for Wave 3 but overall rejected at this level, which is where we like to see Wave 3 finishing, now coming down to find support soon for Wave 4, between Fib 1 and Fib 1.27 is the ideal support area.

What we do not want to ...

$CCI - RC -

I can see an ABC structure here after topping out at $209.

The price has pulled all the way back to the 0.78 Fib which is also a blue support line for us going back to 2018 - 2019.

I need to see more before confirming a reversal, breaking out of this strict downward channel would be a...

$LCID

Has $LCID been doing what we have expected of it? I think the clear answer is yes.

$LCID has pulled back to the 0.618 Fib and is at the end of its 3rd subwave in this Wave 2, another hold at this level and we could see this starting its reversal.

Earnings at the start of August will b...

Small note

I have optics on Patreon that show me which charts get the most attention and I use this information to upload more of these particular charts as this is what our members are most interested in.

So if you want to help this, like the posts of charts you want to see more of, this helps me giv...

$BTC TOP 20 UPDATE

Finally we got that little extra pull back we were looking for and expecting from this Subwave 2, I wondered would it eventually come in but now the wave has gone below the 0.38 Fib and 0.5 Fib, so the Subwave 2 count can complete at anytime and reverse now.

So we will be watching for signs...