The Long Investor

$FSR

The 200 Day MA has caught this twice now but my count remains the same, I can see two waves in this Wave 2 and we are looking for 3, it is not very clear on this chart but on the 1hr, it is more identifiable.

The price is just between the 50 and 200 Day MA now, and held the 0.5 Fib on the f...

$DIS

Dropped out of our wedge, has been showing a lot of weakness too, probably in line with some 'woke' behaviour, politics in Florida and the actors strike in LA.

3 harmful effects on one company in such a short space of time.

I do not expect this to last too long.

Value will only ...

$COIN

$COIN exploded out of the traps and went straight to the blue line, I like that it has rejected here before it lost complete control of this structure.

A pull back to Wave 4, staying above the previous high from Feb (as shown), would be a very good position to add or start to catch Wave 5.<...

$BLNK

Broke out but this has not been too aggressive yet, considering it has broken out of this very long wedge.

Just at the 50 Day MA and likely still in Wave 1, so for now, I have just added in the 0.618 Fib from where it is, if this does decide to pull back now, but I really need to see more m...

$BABA

I have added in the amber Fib levels to show where we need to see support and $88 is the magic number for me.

It is at the blue line and the 0.618 Fib and just below the 200 Day MA.

This appears to be a strong support level, all the big hitters are there to stop the price action.

$IWM

Indeed it appears that the Russell 2000, which is made up of Small Cap stocks in the US is about to enjoy its own run now.

In Subwave 3 of Wave 3 now and approaching the previous high at the blue line which is at $200, finally test and I don't think there will be any issue here.

We ca...

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$BAX - WATCHLIST -

$BAX with the double ascending triangle here.

A very rare sight indeed and a bullish indication. Members who have been here for awhile will know that I am a fan of $BAX.

The price is above the 200 Day MA now and the next test will be the yellow trend line at the top of the triangle, w...

$CVS

Pulled back yesterday to the yellow trend line which was the top of the ascending triangle and where the 50 Day MA was exactly, it hit both levels at the same time and then bounced.

Tested the blue line then which we know is the upper limit of the Buy Zone.

A break above here and the ...

$ABNB TOP 20 UPDATE

Nice pull back today onto the yellow line, which was the previous high in Feb and has bounced since.

We continue to make higher highs and higher lows.

I am not seeing an parabolic moves, in spite of its climb.

As long as $ABNB maintains this structure I am happy.

$167 is t...

$RBLX - RC - WATCHLIST

$RBLX has been testing the testing wedge line now and has just gone above, we need to see a clean break out and hold above at $45.30.

A hold here and this would be very bullish.

We can see that the 200 Day MA has been a strong support line and the price is above both the 50 and 200 Da...

$U - RC -

Ascending wedge breakout here and looks like it is holding above the yellow line too.

This has been following our count nicely too.

Last hurdle for me here is getting above the blue line and holding at $47.

Holders here should be happy with what they are seeing.

$AFRM - RC - WATCHLIST

Getting that break out of this long wedge and retesting now with a nice bounce, this is looking good here and money seems to be flowing to these low cap beaten down stocks too.

Holding above the wedge and we have a lot of upside showing for the remainder of the year.

$ENVX - RC -

This has gone parabolic in Subwave 3 of Wave 3 which is the only place we will tolerate this sort of move, looking like it wants to push to the previous high and that seems reasonable here.

$26.50 is the target here and then a pull back will be needed to keep the structure.

Very nice ...

BUY ALERT

$ZM - COTW

No stop loss set.

$BAC

After $JPM beat on their earnings, there was no doubt that $BAC would do the same, as per our last chart, and we got a break out of the wedge and a retest of the wedge and blue line, followed by a bounce.

Up 4% now after a very good earnings report. Very nice here.

$FCEL - WATCHLIST -

Just at the trend line resistance level now, after hitting a double bottom on the 0.78 Fib level.

The 50 Day MA looks like crossing the 200 Day MA very shortly which would be a bullish indication but we want to see a break out now and a retest of the wedge from above. If we can get this, it...

$TDOC

Same chart I uploaded last week, where we identified the double bottom.

The price action has bounced very well since and now above the last 3 highs and above the 50 and 200 Day MA's on the 1hr.

Count remains as shown.

$PYPL

Looks like it wants $75 and as current wave is looking extended which is typical for Wave 5.

I have provisionally put in an ABC corrective wave for now but this can only be confirmed when I see some slowing down of the price action and some resistance, I will be watching $75 for this.

$OXY

Nice bounce so far on the trend line from above, we want to see this hold above $60 now and I am happy that we have support here.

Staying above the 200 Day MA was important here too on the 1hr and we have that.

$RIVN - RC -

Pull back was definitely needed here after climbing very aggressively on the strength of a short squeeze.

The pull back is trying to save the structure now and I have set Wave 4 completing at the 2 Fib, which is in line with where the 200 Day MA will meet the price action too.

A hold ...

$IQ - RC -

No changes here, even with the red in the PM, the price is still above the 50 and 200 Day MA and these MA's have been a formidable support level since the start of June.

Another company that is holding up but needs China to help its economy very soon.

Again, as long as these important...

$NIO TOP 20 UPDATE

$NIO registration numbers came in at 3900 today, so if they continue at this rate for the next 2 weeks, or even improve on this, they should beat their record for most cars delivered each month.

It is important that $NIO continues with this progression now.

Yesterdays price action was...

$BABA

Pulled back yesterday and started to recover slowly throughout the day, GDP growth figures came in yesterday and they were below expectations which gave rise to more calls of a stimulus package needed.....we know this is needed and the charts are showing that this is anticipated but we still need...

$LULU - WATCHLIST -

Here we go, a very well structured ascending wedge formed here and the top line has been tested a number of times now and with every pull back, there has been higher lows.

The ascending wedge is my favourite bullish formation.

So a break above $390 and this is will confirm Wave 3 and ...

$LCID - RC -

No real concerns yet here, we know pull backs are healthy, the price action came right down to the 0.618 Fib level today and bounced, so likely we are still in Subwave 2 of Wave 1.

A break above the previous high at $8.40 would be a bullish statement and finally getting above the 200 Day MA...

$ABNB TOP 20 UPDATE

Performing well again today and just passed another milestone, breaking above the previous high from Feb.

I remember in Feb talking about how we would wait for the pull back to come and then go in heavy on $ABNB.

We set the buy zone, it entered and held in the buy zone 3 times, we add...

$BAC

Retested the wedge trend line from above and found support, just the blue neck line to clear next and I believe $BAC has turned a corner and should start moving higher.

Again we see that the impulse wave completes at Wave 5 at the end of this year.

$DIS

$DIS did not hold the wedge line, many have done but its not always a guarantee, so the count remains the same and we are very close to our buy zone now which is under $84. Current price is at $86.

The previous low was at $84, so losing this level and we will watch to see where it finds sup...

$CVS

$CVS pulled back at the opening, very close to our ascending triangle break out level and has bounced since, we can see that the 50 Day MA is exactly at our break out level, so this is two potential support lines.

A hold here (which it has done so far) and we are confirming that this is a s...