The Long Investor

$FSR

Nice bounce today after a strong pull back on Friday, so far this is what we would expect to see in a Wave 2 pull back.

I am only seeing two waves so far in this Wave 2, we need to see 3, for an ABC count.

For me, above $6.41 this is bullish and we are watching for Wave 2 to complete ...

$SQ

$SQ still looking strong and healthy, I have subwave 3 level at $77.53 so I think we will see subwave 4 shortly before going higher.

Wave 5 topping out at $94 is still on track.

After Wave 5, we should see an ABC correction but it will be part of an overall impulse wave up.

$FSLY - WATCHLIST -

Potential breakout shortly here, $FSLY needs to stay at $18.20 and this is in a strong position to continue higher to our Wave 3 target at $29.

50 Day MA has been a great support level here and comfortably above the 200 Day MA here too.

Everything is where it should be for some strong...

$NIO TOP 20

Nothing to add or update here to $NIO, same as the last chart I uploaded on Friday.

Price pulled back on Friday but nothing too dramatic and still above the 200 Day MA now, we want to see this go back above the $10.74 line again.

200 Day MA is at $10.24 right now.

As long as the...

$XRPUSD - RC -

Chart looks a little murky due to the parabolic move and the only thing that is saving this for me is that it appears to have happened in Wave 3 and it was already pulled back. If it can find support now along the 1 Fib, I believe it can still go higher.

I would not be surprised to see $BTC...

$USDILS - RC -

Double bearish move here, in a downward channel and now in a smaller, very tight ascending wedge and usually the break is to the downside with a formation like this.....which would be in line with our count and the overall downtrend.

$SHOP - RC -

$SHOP continues to perform well and I have not seen an impulse wave climbing in such a tight channel in a very long time.

With its formation, I believe it is quite bullish and in a very positive upward trend.

It is still in Wave 3 now, working its way through Subwave 5 of Wave 3.

$MTCH - RC -

$MTCH has experienced a long downtrend that appears to have ended for now, the price action has broken out of the larger yellow parallel down trend and it is also just testing the tops of the smaller channel now to break out....I need to see more to evaluate whether we are in an impulse wave or c...

$MAT - RC -

Wave 2 looks good and pulled back to between the 0.5 Fib and 0.618 Fib and bounced, on the positive news that the new Barbie film is released shortly, a lot of auxiliary revenue may be produced from this film and the market appears to really like what is expected.

Fundamentals for this comp...

LGEN - LSE - RC -

Nice chart here and looking promising going forward, into a bullish wedge since the lows in 2020.

We can see that Wave 2 pulled back to the 0.618 Fib level towards the end of 2023 and Subwave 2 pulled back to the 0.78 Fib in June/July.

Needs a further bounce now to test the 200 Day MA...

$SPY TOP 20

$SPY has not been as aggressive to the upside as $QQQ, no part of the chart looks extended and we can see that Subwave 3 is just at the 1.618 Fib now and Wave 3 has still a bit more to go to complete at the 1.618 Fib, so all within the normal parameters of EW Theory, whereas the $QQQ is extended ...

$QQQ TOP 20

Still more upside to go before any pull back which will be a healthy pull back and another opportunity to add before going higher to reach the all time high line by the EOY of at $408.

As long as the price stays above the 50 Day MA in this manner, the trend will continue to the upside and s...

$TSLA TOP 20

Still fighting to stay above $268 and so far doing a very good job of it, after testing the level from the upside and holding support....so I expect this to continue higher in the short term at least to test that elusive $300 level where the last resistance line is which began at the All Time Hig...

$PLTR TOP 20

Retest of the $17.15 blue line and although it rejected there is still a possibility that it can retest again and maybe break out....which would mean completing Subwave 5 then of Wave 1 and then we get our ABC pull back, so I have shown this on the chart as two potentials. 

I do not no...

$NKE TOP 20

Continues to be my one and old stock that I am down on. With $PFE just flat in my portfolio.

I still believe in this company but it is my smallest holding and makes up less than 3% of my entire portfolio, that doesn't mean I like even having one red mark on my portfolio.

The impulse w...

$MSFT TOP 20

Following $GOOG this week with its bounce on the 50 Day MA on the daily chart, a lot of positive talk about $MSFT deal to buy Activision and it looks like approval will be granted in the US and it is hard to see how the UK will not follow suit.

This should push $MSFT higher and comfortably ...

$KO TOP 20

WHO ruling came out on the 14th and they said that there is still a possibility that aspartame is a carcinogenic but reported that a further study was needed....the FDA came out then to defend that aspartame was not harmful in very small quantities.....so $KO finished the week slightly up and did...

$INTC TOP 20

There is no denying that this appears to be following our red corrective wave compared to our impulse wave....but it is still in this range here the direction is not decided.

Still above the 50 and 200 Day MA but the EW count is very murky and not very clear cut.

Until the price actio...

$HD TOP 20

I can see 5 impulse waves now and with how this structure has been moving and holding important Fib levels and MA's, I want to see $HD holding this consistency as we continue to count this....I am not considering a position here however, I know a lot of our traders enjoy this chart but I am not e...

$GOOG TOP 20

$GOOG did what we expected, held the yellow trend line at the 1 Fib and has just taken off, there was a possibility that the price action could pull back further to $112 to gap fill but I said that gap filling have no time constraints and this can happen after Wave 5 is complete and this is what ...

$F TOP 20

Slight pull back approaching our First Target and I can see 5 green impulse waves up too so I would not be surprised to start seeing its ABC corrective wave next, which is Wave 2, I think once Wave 2 is complete, we are into Wave 3 next and this could bring the price up to our Second Target at $1...

$COST TOP 20

Boomers continue to love this and buy on any dips I believe, I can not see anything getting in $COSTs way with hitting our first target and ultimately our second target and this could happen by the end of the year too.

A lot of charts I am seeing in our Top 20 list are showing highs by EOY....

$BTC TOP 20

Very flat week and considering a lot of attention towards $COIN and Binance, I was expecting a lot more movement....even the crypto miners have been experiencing significant gains.

But the price action is showing discipline and respecting the chart so I am happy with that and this reinforce...

$AMZN TOP 20

Another chart I have been extremely happy with, $AMZN is my second largest holding and we are up over 30% here since May, we waited for the risk to come off and the downtrend to be broken and we added and we added heavily.

I have been working on analysing $AMZN over the weekend and found a ...

$AMD TOP 20

Really happy with how this chart has been behaving, we have charted this all year and it has been incredibly strict to our count and keeping very close to our Fib levels.

We got the pull back we were waiting for, the bounce since hitting the 50 Day MA has been perfect too, I still expect th...

$AAPL TOP 20

Very little to chat about here because there has been no changes to this trajectory for a long time now and it has passed all tests on the way up.

So we are waiting for the next test at the 1.618 Fib at $197 now and we expect to see a pull back for Wave 4 then.

For now and like a lot ...

$NU - RC -

We can see that this Wave 3 is performing well and already above the standard 1.618 extension that is normally set for Wave 3, so buyers are optimistic here more than usual and their revenue beat of 94% in May probably has a lot to do with this.

Wave 4 will need to come in shortly to keep t...

IAG - LSE - RC

This is a company I know very well....because I work for them and had been invested in them quite heavily during Covid.

When the share price was at 90p in 2020, I aggressively bought as it became largely undervalued, the issue IAG had was the debt that they took on during Covid, so I sold a...

$BA - RC -

Has also been following our chart from the last upload but I have added the larger impulse wave here to show what it is next for $BA.

I see no concerns for $BA climbing to $250 before needing a pullback before it can continue higher up Wave 3.

The structure looks stable and healthy an...

$ADA - RC -

$ADA failed to hold the break out above the blue line in April and came down quite aggressively when the SEC labeled $ADA as one of the cryptos it was investigating, as part of larger investigation of $COIN and $BINANCEs practices.

Since June however, the share price has been moving very we...