The Long Investor

$IAC - WATCHLIST

I uploaded this chart 3 days and said to add this to your watching list as the chart looks very good and above to break out of this ascending wedge, which in my opinion, is the most bullish formation.

It has done just that and most importantly, it has retested from above and bounced to for ...

$UNH

I am going down a rabbit hole for value this weekend, so I will be spending some time doing this.

$UNH is one of those companies.

I really like this chart and enjoying this pull back now, it is a very popular stock amongsts institutional investors, so if the price action can continue ...

$VCR

Just me here continuing to man crush on this chart.

It is spotless.

Wave 2 pulling back exactly to the 0.618 Fib.

Above the 50 & 200 Day MA.

50 Day MA crossing the 200 Day MA to the upside.

Higher highs, higher lows.

Looking like it is still in Subwave 1 of...

$PENN - RC -

There is potential for a bounce here as $PENN is getting tight into this wedge too which is also inside another descending wedge....both wedges are bullish formations.

We said that the blue line would make this bearish and so far the price has not broken out above this line yet, if it does ...

$PFE

$PFE continuing down this tightening wedge right down into the corner, which just so happens to finish where $PFE have their earnings report on the 1st of August. This will also bring the price action down to the 0.78 Fib, which is lower than our standard Wave 2 pull back but for me, this is more...

$BA - RC -

No changes to this chart, I have gone back through this chart over a number of months and very little has changed to our trajectory, it is similar to $DAL but now in its Wave 5, I believe this will continue on the projection to $241.

$STEM - RC -

I think $STEM is still vulnerable here, it really needs to hold above the middle blue line to confirm support, which was a strong support line in the past.

The positive is that in the meantime, it has been able to find support above the 50 Day MA and we can see that the 200 Day MA is curlin...

$ABNB TOP 20 UPDATE

After a pull back with the market yesterday, the price quickly found support on the 50 Day MA and is now back above the yellow trend line again....as long as the price stays above the yellow trend line and the 50 Day MA on the 1hr is holding support like this, it has a good chance of moving a lot...

$DIDIY - RC - WATCHLIST

Interesting chart here, the pull back so far has held perfectly at our ideal Wave 2 spot between the 0.618 - 0.65 Fib golden ratio level, we know that when we get Wave 2's that hold here, it can find strong support and Wave 3 is next.....and most importantly here, the reversal has not happened ye...

$LKNCY - RC -

Held above the yellow trend line and progressing well above the 50 and 200 Day MA now, I has eliminated the bear case as I believe this will continue up for Wave 5 now, we can see that Wave 3 hit exactly at the 1.618 Fib, which is the level we always look for when counting Wave 3, so this continu...

$UPST - RC -

Price has bounced extremely well on our blue line and blasted through the 50 and 200 Day MA, 50 Day has crossed the 200 Day now too, the slight pull back to between the 0.236 and 0.38 Fib indicates to me that this is a corrective wave bounce, however this has a lot of upside still while it is in ...

$PTON - RC -

$PTON is maintaining its structure very well, pulled back along with the market over the last few sessions but this looks to be a healthy pull back before going higher.

I am not seeing anything yet that will challenge my projection, so I will keep an eye on this.

$NET - RC -

Still seeing a downward trend here with lower lows too, it is taking its time and moving more sideways down, we can see that the climb from $40 to $72 was a lot more abrupt that the descend so far, so sellers have been reluctant but there is no denying that this has more to go to the downside. 2023-07-07 14:59:41 +0000 UTC View Post

$META - RC -

$META still at $289 after breaking out of that important blue line but now testing $289 from above. Holding support at this line will be very interesting.

A lot of attention for $META lately due to their release of Threads so the market has bought into this.....whether its a success may hav...

$PYPL

We can see that the price action broke out of the descending bull flag and pulled back to test the support line and flag again, this has been successful so far and we can see that another yellow channel has been formed between $70 and $66.

Usually the trend leading into a channel, will cont...

$FSR

In the last update we said that this needed to hold above $6, outside of the wedge, it broke out a small but did not hold before, it dropped back into the wedge and has now broken out of the wedge again.....we need this to hold on the outside of the wedge, I said in the last update too that $FSR ...

$RIVN - RC -

Has shot up vertically since $13 and there is no doubt it is getting squeezed here as shorts continue to cover.....the price action is making me uneasy now because there is panic covering and this sort of movement is often met with a sell off, once a Wave 3 extension goes beyond the 1.618 Fib lev...

$NIO TOP 20 UPDATE

Very little to add her, except that I have Wave 5 in green topped out here at $10.47 which was just short of the 200 Day MA.

There is a potential Head and Shoulders pattern forming here, so if we can get the right shoulder to make a lower high, which we know is Wave B completing, then we ca...

$BABA

No change to the chart here but an update as the opening and PM has been strong since the Ant Group were slapped with a $1 Billion fine which puts to bed any competition issues and a resolution has finally been settled, which has been over the head of $BABA for some time now.

This will like...

$SE - RC -

Disappointing breakdown from the previous low yesterday, I would like to see the low recaptured again very quickly but we need to be open to the fact that it can go lower and I have added the amber support Fib levels below.

This is in a very steep descending wedge now and I am still bullish...

$LCID - RC -

$LCID rejected at the trend line as expected and pulling back, it needs to make a higher low now, staying in the channel at the lower trend line in yellow is the lowest point I believe this can go to to maintain the first green impulse wave.

The amber Fib levels are the ideal positions to p...

$HD TOP 20 UPDATE

Pull back now completes our Wave 4 projection, price needs to hold above $303 now in order to stay in the bull case, a drop down below $303 would weaken the structure and we know before that getting above $303 was difficult, so losing it again is not what the bulls want to see.

If it can ho...

$GOOG TOP 20 UPDATE

Rejected at the 200 Day MA and the 50 Day MA has crossed down through it, so leaving our Wave 4 target as shown from the weekend appears to be the right move now.

We will be watching for support at the yellow trend line next, a reminder that there is also a gap down to $112 as well, the pri...

$DNA

Very much in our Wave C projection now, we are watching for support between the 0.5 Fib at 0.618 Fib levels, $1.57 - $1.46 for support.

We can see that the 50 Day MA is moving up to the 0.5 Fib now so this is an area to watch for support.

$ZM

Maybe our first causality today. Broken down from this wedge now and lost the 200 Day MA, that is why we wanted to wait until this broke to the upside or above $72 before adding.

So let's wait and see how this behaves at the blue line next and possibly lower into the buy zone.

As alwa...

$INTC TOP 20 UPDATE

Continues to struggle with finding momentum and support and has lost the 200 Day MA on the intraday today so far, we need to watch for the 50 Day MA now to see if this crosses downward next, then we can expect this to follow the red projection.

We know the yellow horizontal line is a big re...

$NKE TOP 20 UPDATE

$NKE continues to pull back since their earnings report but the structure has not broken down yet, we are just at the 0.78 Fib and coming into an area of strong support, $NKE is my only stock that I am down -10%+ on and it is my smallest position so I am perfectly fine to keep holding this and bu...

$DIS - RC -

Getting tighter into this wedge now, still below the 200 Day MA on the 1hr chart so we are not seeing a reversal yet, this is moving towards the apex now of the wedge, so movement will happen very shortly.

Some of our members have started a position here already and I think it is a sensible...

$IQ - COTW

$IQ making a lower high after its peak shows me that this is in its Subwave 2 now, working its way through its corrective wave and its final wave of wave c to finish at $4.82.

We can see that the 200 Day MA is just between the 0.38 and 0.5 Fib so watch here for support, if it can find suppo...

$QQQ TOP 20 UPDATE

Rejected twice now at our yellow line and we can see the PM price action is just resting on the 50 Day MA here on the 2hr Chart. I will leave Subwave 4 as it is, which is just above where the 200 Day MA is.

I am not seeing any reversals in trend, just a healthy pull back before going higher...