The Long Investor

$ABNB TOP 20 UPDATE

We wanted to see this hold above the yellow trend line and it has been doing that comfortably so far, it may need another retest from above to show that it is a strong support line and once this is achieved, this could move then to our $168 target initially and then higher to complete Wave 3.

$DAL

$DAL being a beauty here, it broke above the yellow line which was the previous high at $45.50 an we can see a faint retest of the line from above and then bounced very well and is on a fast track route to our Wave 3 target now at $52.

This will need to pull back for Wave 4 here or maybe so...

$SQ - RC -

I have added in the 5 Waves and 5 Subwaves of Wave 3 too.

Down -2% in the PM now which is a good sign that Subwave 1 is complete and it is pulling back for Subwave 2 now of Wave 3.....bit of a mouthful but each Wave has subwaves in it and people are looking for good entry points here.

$PYPL

A lot of attention going towards $PYPL, $SQ and $SOFI lately and I have been highlighting this for a number of weeks now.

$SOFI has already taken off and there is a general consensus that $PYPL and $SQ could follow suit and I believe this is possible.

$PYPL we have gone with, as$PYPL ...

$BABA

Flat day yesterday after starting red at the opening so nice recovery and again we can see that the market is showing a wall of red in the PM again today, so the market is showing little signs of stress but buyers appear to be stepping in most days in spite of this....this is across the market. 2023-07-06 09:39:55 +0000 UTC View Post

$NIO TOP 20 UPDATE

I have added the 1hr chart and the daily chart here.

The daily chart is just to show where the 200 Day MA is (moving yellow line) and so far it is acting as a resistance level and not allowing the price action to reach our Wave 5 target of $10.74, this is perfectly fine, as long as a new hi...

$BAX - WATCHLIST -

Since I have shown you a lot of stocks that are showing the 50 Day MA crossing the 200 Day MA, here is one where this has not happened yet but will likely happen very shortly and the chart looks fantastic too.

The big test here will be getting above the 200 Day MA at $47.50 which is just be...

$CRWD - RC -

We are seeing this on a lot of charts lately, where the 50 Day crosses the 200 Day MA to the upside and this is confirming to me that the market is in a bullish trend over all.

No changes to the $CRWD chart, this will likely continue up to Wave 3 next at $187 and looking to hit $206 by the ...

$BOTZ - ETF -

Before and After pic of our Robotics and AI ETF we uploaded from early May.

Moving very well and is now above another hurdle, which was our middle blue line and has retested and bounced too.

Above the 50 and 200 Day MA as well, with a bullish cross too.

As a long term hold, this...

$BIDU

When people think of Chinese stocks, they immediately think of $BABA, $BABA represents China so it takes the hit on most of the US - China tensions but there are many Chinese stocks that are continuing to do well in spite of tensions. $LI and $BIDU being two examples.

$BIDU's chart is looki...

$BAC

Our blue line at $29.40 remains the resistance line to flip to support to get this to reverse, this has not happened yet but we can see on the 200 Day MA that the price action has found support on this level and will likely attempt to break through the blue line again.

Once this breaks out ...

$MRNA

Let's not sleep on the potential of $MRNA and $PFE, both companies have a number of products in the pipeline and they have the resources. I have gone with $PFE and will add heavy if this goes close to $34. $MRNA is showing that their bleeding has cooled off a slight bit and we are watching for si...

$VSCO

Something I am working on in the background here because the fundamentals do not add up to the share price being this low right now.

So I am watching for two things, for the share price to break out of this smaller downward channel, where the 50 Day MA is at right now and this will confirm ...

$CVS - A REMINDER -

Just bumping this again to remind people of how attractive this chart looks and it was a previous COTW.

It has not started its move yet and may still test $64/$65 first but the chart is straight forward and easy to read, it is also into Buy Zone now.

I believe it will move a lot highe...

$MP

Up +11% in the PM now after China responded to the US's chip embargo, with their own raw material embargo and $MP looks to directly benefit from this.

We can see that the price action is moving along our Wave 3 target here and will likely continue to hit $27, where the 200 Day MA is coming ...

$UWMC - RC -

As long as the price action stays above the 50 Day MA in blue, it can proceed higher to complete Wave 5, so the price action is still in the bull case now.

Any loss of this MA and this can come down, to next test the 200 Day MA which is exactly on the channel trend line now.

I believe...

$NVDA

Very little to update here again, I uploaded this chart a few weeks ago and $NVDA has not changed or pulled back meaningfully yet, the price action is above the 50 Day MA here by a long way and the 200 Day MA.

I think $NVDA and $AAPL are in the same camp here, buyers have been consistently ...

$CGC - RC -

This chart has not been uploaded for a number of months now and the red text says it all, losing that yellow line and the price went into the the bear case and indeed it was in trouble....it has been on a very dangerous and troubling downward slope since losing that line.

A lot of hype arou...

$BTI - RC -

No changes to this chart that was uploaded 6 weeks ago, the price action is glued to our projection and although it has found short term support at our blue line, the 50 Day MA is still a strong resistance line and I still expect this to come down a little further.

As we approach Wave X in ...

$BTBT - RC -

Wave 5 of this impulse wave is pushing into an extended territory here but we can see that Wave 3 did the same too, so no surprises to see this going higher then the normal parameters we set for our targets.

Structure still looks good, especially the Wave 2 so I am happy this is an impulse ...

$AMTX - RC -

Very little has changed to this chart, still in its corrective count and on the last chart, which was uploaded a few months ago, I had the price coming down to the blue line and then bouncing hard for Wave B, this has happened and I am still sticking with the corrective wave here....unless the pr...

$IAC - RC - WATCHLIST

Lets start of today with a fantastic looking chart.

- Wave 2 pulled back to between the 0.65 Fib and 0.78 Fib and held comfortable support along the 0.65 Fib, which is where we expect Wave 2 to pull back to.

- The 50 Day MA has crossed upwards over the 200 Day MA, bullish indication.<...

$ZM - RC -

Big fan of $ZM and although I have a small position right now, I am waiting for the set up to add to my position, I believe it is a stock to hold for the future and is in a oligopoly with Microsoft Teams....Zoom is said as a verb now, and with this sort of brand recognition, this will eventually ...

$SPOT - RC -

Chart is looking very $META-esque here, very very tight ascending wedge here and it is difficult to see how this can remain ascending in this structure, a formation like this is very bearish....unlike $META, this looks more impulsive than $META so $SPOTs pull back may not be as extreme....but I a...

$SAND - RC -

Chart remains the same but I have added in the smaller red corrective wave as I am seeing a lot of weakness on the chart right now.

Rejected at the 200 Day MA and the 50 Day MA is crossing down through the 200 Day, which is a bearish indication.

There is however a lot of support on th...

$PHVS - RC -

This has rejected at the blue line which we had determined as a resistance line by going through previous history on its chart, so it is important to flip this level to support to confirm the green impulse wave, there is still a lot to do.

If the price action can not get above the blue line...

$PG - RC -

Difficult to confirm which count this is in now but I am leaning on the impulse green wave here as the market is now bullish and the price action held very well at the 200 Day MA and bounced and just at the 50 Day MA now, a break above the blue line at $165 which was the previous high will confir...

$LMND - RC -

Likely in its Wave 2 pull back now, where we expect Subwave B and Subwave C to complete next, if this chart can stay structured like this, it can confirm its reversal by holding at Wave 2 as shown or one of the higher Fib levels in white and then go higher for Wave 3 next.

$LCID - RC -

$LCID enjoying the positive sentiment back in the EV market, in spite of a downgrade from $CITI. $LCID's market cap is at $13 Bill, short of $NIO's $15.9 Bill cap but is far behind on their execution and production numbers.

$LCID gets a higher valuation because it is US and not Chinese and ...

$GEO - RC -

Very little to add here too as there is no changes to this chart.

We can see that Wave 4 bounced up to the 1.618 Fib which was exactly at the 200 Day MA and rejected heavily and has come down since and staying underneath the 50 Day MA too, also rejected here twice.

I think the price a...