The Long Investor

$NIO TOP 20 UPDATE

To say my chart from earlier today went to plan is an understatement.

And the big lesson to take from this is that when the 200 Day MA is held from above and tested a number of times, in $NIO's case, it was tested 3 times, it is a firm confirmation that this is a support level. This happene...

$DIS

Testing the wedge trend line for a second time now from below, first it rejected and held above the blue line, so let's see how it behaves at the second attempt.

Ideally we would love to see this come down further over the next few weeks and months, as we let our other stocks run, take prof...

$PFE - WATCHLIST

$PFE is now on alert.

Just testing the wedge trend line now, a wedge it has been in since December 2022.

Above the 50 and 200 Day MA on the 1hr chart now too.

This does not move in massive jumps, so if we do get a break out, we will wait for the retest of the wedge line from abo...

$COIN

Everything is going to plan here, rejected at the blue line and pulling back in a controlled manner for our Wave 4 now, holding $87, which was our previous high, this level would be a nice position to add to catch Wave 5 to the upside at $150.

$KWEB

In an ascending wedge set up here, it has not even broken out to the upside yet so we are still early here.

A break out should bring us up to the blue line at $35 and a break out of the blue line will bring us into the bull case, the risk will be off and we have this moving up Wave 3 to fin...

$OXY

Ultimately, every one of my COTW is going to make you money.

I only select a COTW when the fundamentals and technicals align, so I have done all the hard work for you in terms of selecting the right stock to buy.

All you have to do is buy and hold.

They are not always the most p...

$IQ

Firmly in a bull flag here working its way through Wave 2.

Up 7.5% today so far after bouncing on the 0.5 Fib.

Next test we want to see is a breaki above $5.69 and the last test is a break above the previous high at $5.85.

A break above these levels and the risk is off and the i...

$ABNB TOP 20 UPDATE

Our eagle eyed investors noticed the price action today and alerted me to this.

We can see on the 1hr chart that the price pulled back again to the test the yellow line at $144.60 and found support, which also happened to be the 50 Day MA too.....this base camp has support.

Earnings o...

$SE

I said to watch for the 0.5 Fib and the 0.618 Fib at $59.17 and $58.04.

The price action has so far hit $59.22 today and bounced.....this is not a coincidence.

$SE is being controlled by Fib levels and when this happens, we can take advantage of this structured movement.

Still m...

$ZM

Do not sleep on this and do not give up on this.

In our last update we said that it is working its way through the Fib levels and as long as it stays above the wedge I am happy.

The 200 Day MA is just cutting through the 0.5 Fib and 0.618 Fib levels now at $69, this is the area I am w...

$CVS

No words needed, just beautiful.

$FSR

Ok $FSR it is your time to shine.

I could not have got you anywhere closer to the price action here with my projection if I tried.

We can see that the 200 Day MA is just below the 0.5 Fib at $6 and we have 3 waves now in Subwave 2.....this is almost too perfect to bounce from here. 2023-07-24 15:52:17 +0000 UTC View Post

$BABA

This is stunning and I'll explain why.

First of all we got a break out from the bullish wedge to the upside which is what we were expecting.

Secondly, I have added in the Subwaves now and we can see that Subwave 5 finishes exactly at the previous high, at the 2.27 Fib at $120.....we k...

$LMND

This stock got a lot of attention during the meme craze as a potential disruptor but had not lived up to its hype, fast forward 2 years and after a massive decline, the share price is starting to move in a positive direction.

Price hit our blue line and has bounced, went above the 200 Day M...

$LABU

Another chart I like is a Biotech ETF, broke down from the wedge and came down to our low at the blue line and has bounced in a structured manner since.

So far it has held an important Fib level at 0.65 and bounced but has been rejected at the 50 and 200 Day MA....but a pull back now to whe...

$HOOD

Another potential chart for COTW was $HOOD but I think this could have been better as COTW at the start of July. There has been no changes to our count but I have eliminated the red corrective wave as we have a breakout above the blue line and the previous high.

A hold now above this level ...

$NIO TOP 20

Nice movement in the PM today, so the plan here remains the same, a hold above $10.74 and we can feel comfortable again, a break above the bullish flag at $11 is even stronger and finally, a break above the previous high at $11.32 would put this comfortably in the bull case and the impulse wave i...

$ABNB TOP 20

I am seeing more negative comments online about insiders selling here and I think it is just anger and frustration from those who have missed this run and would love to get in lower......and I do not blame them but the chart is very clean and has not put a foot wrong.

We can see that there ...

$MGM - Chart of the Week

Ok this was a difficult week to pick because there was a lot to choose from but I am going with $MGM for two reasons:

1. The chart looks beautiful and

2. The fundamentals are great.

On the chart, we can see that Wave 2 held between the 0.5 Fib and the 0.618 Fib and bounced and j...

Chart of the Week - COTW

I am torn between the $AMD and $KO chart as the COTW but I want to review a number of charts tomorrow morning when I wake up with a fresh mind again and see if there are other charts that are better suited to COTW.

Both $AMD and $KO have been uploaded this evening with a full breakdown of t...

$TSLA TOP 20

Tough week for $TSLA as the market took into account that margins have been reducing and the price action has climbed remarkably fast over a short period of time with any significant pull backs.....which is normally found in an ABC count.

So we watched to see how $TSLA would handle the $300...

$SPY TOP 20

Interesting that my $SPY chart is not showing a pull back for Wave 4 just yet.....my conclusion from this is that a lot of Mid to Large cap stocks may benefit from a shift from Mega Caps to these stocks over the next few weeks as the market finds its equilibrium again.

We always use the 1.6...

$QQQ TOP 20

Remember the Nasdaq 100 is rebalancing from tomorrow so this may present some volatility in the Tech sector and this is consistent with our charts which are showing we expect Wave 4 to come in shortly or have already started for a few stocks.

This rebalancing has only happened 3 times in it...

$PLTR TOP 20

$PLTR ran all the way to the 2.618 Fib which is extended for a SubWave 5 and rejected heavily and dropped below the $17.15 price again.

I believe it is in its Corrective Wave now and we will be watching for the 0.5 Fib and the 0.618 Fib for this Wave 2 to complete.

So a buy area betwe...

$NKE TOP 20

I can sense the patience is running thin on $NKE as its in this limbo position between holding above its previous low and below the 50 and 200 Day MA.

I have decided to hold anyway, mainly due to it being my second lowest holding and if we lose the previous low, it can come down to the blue...

$MSFT TOP 20

Like $AAPL, $MSFT could be starting its Wave 4 now, price action got a hard rejection just below the 3 Fib and the price dropped below the All time high line too.

A pull back is certainly healthy and an opportunity and I will be watching for the 2.27 Fib at $333 for support.

So you sh...

$KO TOP 20

When the market presents volatility, it is $KO's time to shine and when it brushed off WHO's concerns of aspartame being a potential carcinogenic, coupled with some red days, $KO decided to take advantage of this and break above its 50 and 200 Day MA.

The last hurdle now is getting above th...

$INTC TOP 20

$INTC is certainly testing me because it has both elements of being impulsive and corrective and pros and cons in both camps too.

Fundamentally the price is where it should be now.....but it is in the Semi industry that is getting a lot of attention and so the share price could attract a pr...

$HD TOP 20

Showed signs of going higher than the 2 Fib last week, after recovering extremely well after holding the 200 Day MA and bounced, the market seemed to love it too and took full advantage of this buy signal and loaded up.

We do like when the price holds the 200 Day MA from above and bounces.<...

$GOOG TOP 20

$GOOG continues to look ahead of the rest of the Mega Cap stocks, strong pull back this week but as long as it makes a higher low, this could still be Subwave 2 of Wave 5.....going by its formation right now, Wave 5 could go extended beyond Fib 2 but for now, we will wait for the higher low to co...