The Long Investor

$GOOG TOP 20 UPDATE - BUY ALERT

Last update I said the pull back should be between $118 and $112 and this is an area where I will be buying and I have started my first position in this area already at $116.

I have no issues with $GOOG pulling back again and closing the gap down to $112, pull backs from these Mega Cap comp...

$FUBO - RC -

Trending in the right direction and I am not seeing much weakness or signs of reversing, higher highs and higher lows here too. The price action is above the 50 Day MA now and we can see that the 200 Day MA is just above in yellow, a break above this and this should continue above to complete Wav...

$FCEL - RC -

Broke out of the first wedge and pulled back after hitting the high from the higher trend line, coming back now to test the wedge from the upside and this is what we always like to see. If it can find support here, it is almost like a buy signal. Finding support above a wedge break out is quite b...

$CHPT - RC -

Holders must be encouraged with what they are seeing, $CHPT is really battling here to get back above that support blue line, it is not out of the water yet but giving it a good attempt, if it can flip this blue line to support again, it has a chance to move higher along Wave C

$BLNK - RC -

We have a number of stocks this morning like this right now, getting very tight at the bottom of the wedge, $BLNK has tried a number of times to break out and find support but it has not been successful just yet, so we are keeping an eye on how this develops, as always, wait for the breakout and ...

$BABA

I believe this Subwave 2 is still not complete yet and like I mentioned yesterday, I expect the 0.618 Fib to be reached at $84.11, which is a typical spot for any wave 2's to pull back to.

We want to see this stay above the wedge and keep its structure.

Geopolitical tensions have come...

$NIO TOP 20 UPDATE

Not much to add on from yesterday's lengthy update. The price action has stayed strong all day, in spite of weakness from other Chinese stocks, I have added in again the blue pattern which was taken from the white circled area in April. We can see that they are very similar but the price action t...

$HD TOP 20 UPDATE

Hard rejection at the 1.618 Fib level at $314, as expected and now we have the pull back, we expect this to be Wave 4, so we expect to see 3 ABC waves here, so far there is just one clear wave A here.....I have set the support at the 50 Day MA at $305. If you did not catch the break out at $303, ...

$CVS - COTW

I am still not seeing a reversal trend yet so it means our $64.66 target to complete Wave 2 and Subwave C is still on, we know that these Fib levels are strong support levels, so this is where we can expect to see support and signs of reversing, the moment I see this, I am happy to start a positi...

$BAC

Rejected at the 200 Day MA on the 1hr and we can see that the 50 Day MA has just crossed down through the 200 Day too, which we have seen lately to be a bearish indication on a number of charts.....Bank stocks continue to struggle while the market holds up well. 

Having opportunities o...

$AMZN TOP 20 UPDATE

Holding above the important 1.27 Fib at $129, Wave 3 target remains at $140, it has been a straight forward climb for $AMZN since breaking out of the channel and we can see that the 200 Day MA has been a strong support line since $96.

$VRM

First Target is indeed just reached. We find these targets by taking the largest width in the wedge and applying this above where the breakout point is of that wedge.....its remarkable how accurate this practice is.

I suspect a pull back will need to come before it goes to the Second Target...

$ABNB TOP 20 UPDATE

Here we go, just at the trend line and testing the resistance line, a break out here and ideally a retest from above and this could move a lot higher.

Remember, $ABNB is in every country, individual declines in some cities in the US does not reflect the true business model overall.

$DNA

$DNA getting that bounce at the 0.5 Fib it needed and just up against the 200 Day MA now at the 0.38 Fib, this is likely a Wave B bounce before coming back down lower to the 0.618 Fib, this Wave A was very clean and no substantial bounces so I don't see any Wave B yet, so what is shown on the cha...

$COIN - IMPULSE WAVE ADDED -

The Bears and the SEC have not been able to keep this down, it bounced exactly on the wedge trend line at $46 between the 0.65 Fib and the 0.78 Fib and has bounced very strongly, shooting through the top resistance line of the wedge and has not looked back since....the Bulls are in control and a ...

$TDOC

Held above the blue line at the end of May and has been performing well for June, the price action is still staying within the blue lines so we know it is still consolidating.

The price action is now above the 50 and 200 Day MA's after holding above the 200 Day very well.

I want to se...

$DAL - Subwaves added -

$DAL back to back good news has been flowing out for $DAL and a number of airline stocks and we can see from our other airline stock charts like $LUV and $JBLU, they have all broken out now and following a strong trajectory to the upside, the $JETS ETF is a good ETF to track if you want to includ...

$ENVX

21% jump yesterday after a large purchase from the U.S. Army but as a lot of our members pointed out yesterday, it was already clear from the previous chart last month that this was in Wave 3 and looking good, there has been no changes to our chart here in a few months now. I hope people are enjo...

$EOSE

Parabolic move here but this is our Wave 3 and there has been no changes to our chart except that this is likely to reach our Wave 3 target at $5.33 a lot sooner than expected, a few of our members are in here and have been in early so likely making a sizeable profit now....remember to box smart ...

$FDX

Onwards $FDX goes to our Wave 5 target after cleanly breaking above the previous high and the 1.618 Fib which is typical for Wave 3.

$WULF - RC -

Above the 50 and 200 Day MA right now so the trend is still to the upside and has broken above its previous high. The pull back was to the 0.5 Fib so it can still be valid as a Wave 2 pull back but bulls will want to see this above the blue line to confirm the impulse wave....for now, it looks li...

$RIVN - RC -

Rejected at the blue line, which was its 4th time rejecting at this line now since April.

The count is still valid but this will need to hold above the 0.78 Fib at $12.55 now to keep this count valid.

A number of EV startups have been struggling this week and two at risk of bankruptcy...

$AMAT - RC -

First photo is from the 17th of May where we spoke about the ascending triangle formation formed and a break out should send this a lot higher....we got that breakout the next day and this has been moving very well up to our $156 target.

$156 may be the limit here and we start to see a pull...

$OXY

Incredibly slow moving lately and does not appear to be going anywhere, what it has formed is a descending triangle, which is a bullish indication, what this needs is momentum to test the top of the wedge line now at $60.

The price action has held the previous low so far but still below the...

$MQ - RC -

Very little we can do with $MQ here, we see a lot of charts like this and in a strong downward channel and the 200 or 50 Day MA's are just above as resistance lines, holders can make the decision to wait for the break out of these resistance lines or cut their losses, it's a personal decision.&nb...

$ABCL - RC -

One of our eagled eyed members who monitors a lot of our charts has brought this to my attention again. This was last uploaded at the start of May and has bounced very well since finding support above the blue line.

I have added in the green impulse waves now, if the price action can hold t...

$NIO TOP 20 UPDATE

-20% drop followed by a 11% jump is less than ideal when it comes to the start of an impulse wave, these are large swings here and I believe this is still a battle between bulls and bears. $NIO is reacting to positive news being dropped now and an increased in registration numbers appeared to hel...

$SE

The RSI and MACD both look ready to move higher and the price action has so far held the previous low (just about)....this needs to move on this momentum now, like $BABA too.

This would qualify as a double bottom and the count remains valid.

All is needed now is the Bulls to step in.....

$ABNB TOP 20 UPDATE

Over the last few updates we spoke about the pull back coming before or after the yellow trend line and it looks like we have experienced it before the trend line....and so far it has not been that severe, nice bounce today, so we will be watching for this pull back to show signs of completing no...

$SPY TOP 20 UPDATE

Nice bounce so far on the blue line which was the previous high. It remains to be seen whether this is just a relief bounce on the support line or the Subwave 4 is complete now.

What I am seeing is that this Subwave 4 would be very short compared to Subwave 2 if it is complete, so we will l...