The Long Investor

$PLTR TOP 20

$PLTR continued its pull back this week, after topping out at $17.15 on the 7th of June, I believe we are still in the corrective wave now and this is working its way through the ABC count now, it is not clear to say yet that that Subwave A is complete. We are watching for this pulling back all t...

$NKE TOP 20

$NKE is here to stay and has such a strong brand recognition, that it seems unlikely that $NKE will be challenged as the leading sports brand for many years.

What I want to see here is $NKE continue higher and break this large ABC corrective count. I have said before that the pull back to t...

$MSFT TOP 20

I've mentioned a few times over the weekend that $AAPL and $AMZN are performing well but $MSFT and $GOOG are feeling this pull back now....and it's rare for these Mega Caps to differ on their projections, but we can see that $MSFT rejected hard at its All Time High line and has pulled back since....

$KO TOP 20

Mr Reliable continues to do its thing with no surprises. This is a stock that rarely gets spoken about but continues to deliver on expectations and its chart is consistent too.

Very nice hold at the 0.78 Fib and has bounced well since, it is above the 200 Day MA now and will likely test the...

$INTC TOP 20

This pull back is likely concerning the bulls here as it rejected heavily after completing a clear 3 Wave count, we can see that the bounce from $26 to $37 was almost identical in length from the bounce in March from the blue line at $24 to $34. This is common in an ABC count.

In order to s...

$HD TOP 20

$HD is still struggling with that $303 level and its forming a very large platform now, it is also stuck between a very tight range, between the 200 Day MA and the 0.38 Fib at $303....showing again here how important the Fib levels are and the Moving Averages (MAs) are and how using them together...

$GOOG TOP 20

$GOOG has not shown the same strength as $AAPL and $AMZN over the last 2 weeks and may just be ahead of them and pulling back for its Wave 4....we know that $AAPL and $AMZN need to do the same shortly too.

$GOOG looks more in line with the $MSFT chart now which i'll be uploading shortly. 2023-06-26 04:07:24 +0000 UTC View Post

$COST TOP 20

$COST has given us the pull back we have been waiting for, on the daily chart we can see that Subwave A of Wave 2 looks complete and the price is working its way through Subwave B of Wave 2 now....final pull back, Subwave C to complete Wave 2, we are being conservative and looking at the 0.38 Fib...

$BTC TOP 20

Ok since we broke above the previous high during the week, we can assume that Wave 2 is complete, it was short to the 0.38 Fib but this was also our Bull Case flip line and we know this is an important support/resistance line, the 200 Day MA was just slightly below and was added support but was n...

$AMZN TOP 20

Like $AAPL, $AMZN was not phased by the red week in the market and pushed higher and just finished the week above the 1.27 Fib, however just barely. The 1.618 Fib is the normal level for Wave 3 to finish, so we'll expect this to continue as the trend is very clear here.

I do want to add to ...

$AMD TOP 20

Very little to add here except that $AMD is behaving brilliant here, not getting sucked into the hype and performing like a mature stock. We can see that the price action is just above the 50 Day MA now and just above the 0.38 Fib, so this is an ideal spot for Wave A to complete and bounce next f...

$ABNB TOP 20

$ABNB has not attempted to break out of this yellow trend line yet, the slow market week did not supply the momentum and we spoke before that a pull back may come before the attempt to break out.....ideally we would like to see a breakout before the pull back, so the trend line can become a new s...

$AAPL TOP 20

Difficult week for the market but $AAPL and $AMZN stood out amongst the herd, they continue to show strength and $AAPL has retested the All Time High line from above and bounced very well, this Wave 3 has been solid and structured and has not altered its course in months now. So I expect the pric...

$VCR

The Vanguard Consumer Discretion ETF is painting a very positive picture here, usually this ETF will perform well when the economy is performing well...we know the market has been performing strong since the start of the year, this ETF is adding to that confirmation too. 

$UBER - LONG TERM PROJECTION -

I believe $UBER is well under way into its Wave 3 now, the risks are there, especially the concern about when they will turn a profit but they are focusing religiously on growth now and this is very much how $AMZN behaved for its first 15 years and they built a moat that is many years ahead of it...

$MELI

$MELI has come up on my radar a few times lately as a I do a deep dive into potentially high growth stocks, EPS is expected to grow 50% each year for the next 5 years, this is a big target and as many have said, it is in the right growing market for this.

For now, I believe it is completi...

$DIDIY - RC -

Continues to feel the pressure. Under the 200 Day MA now and we can see that the 50 Day MA is moving down across the 200 Day right now and this is a bearish indication, especially on the daily and confirms the trend to the downside will continue. It rallied from $1 to $5 in from October but the b...

$DKNG

No changes to this chart for about 6 months now, it has done what we expected and in a very controlled manner.

Like I have said a few times, I travel to a lot of cities around the US and they are aggressively going after the gambling market there, far more than many other gambling sites, t...

$SNAP - RC -

There are a lot of companies like $SNAP right now, where they are significantly down from their All time highs and consolidating right now, $SNAP, $TDOC, $ZM, $PTON, $SQ & $PYPL being the obvious ones.

Many of these companies will recover, especially those companies who have continued...

$UAA - WATCHLIST -

$UAA is a stock I've been following in the back ground and many might remember this from a few months ago when it hit our second target precisely and just rejected hard from there. I have been watching the pull back and still waiting for support to be confirmed.

This will need to hold the...

Saturday's thought.

I like to spend Saturdays analysing companies and going over charts and companies that I have recommended and I own, to make sure we are on track.  What I am also focusing on lately, which takes a little more time to do, is to find potential 5X to 10X potentials over a 3 - 5 year period. &nb...

$HAL - Long term -

$HAL is under pressure right now and I believe its share price will continue to come down, preferably below $24, which would be a new low, after getting rejected by the 50 and 200 Day MA, if this can find support between the 0.618 and 0.5 Fib, this would be a potential 4X - 5X bagger over the nex...

$NIO TOP 20 UPDATE

Just a little observation I will leave you with for the weekend on $NIO.

The blue trend bars is a direct lift from the white circled area, it is uncanny how the first part of this blue trend bars has been exactly the same as the first wave down, before a slight bounce, before going down fu...

$DIS

Is just at the lower limit of the trend line now in the wedge, a break down here and this is at the 0.618 Fib at $86.91...the blue line is at the previous low at $84, below this level and we are into the buy zone....this is very little room for error to stop this breaking down into the buy zone.<...

$DNA

Beautiful here from $DNA, pulled back to the 200 Day MA on the 1HR chart, which was between the 0.38 Fib and the 0.5 Fib and found support and bounced.

We should likely see a bounce now for Wave B, followed by a further pull back for Wave C. $1.57 or below to $1.47 is still the ideal targe...

$MRNA

Ok target has now been hit, we have waiting a few months for this to come down to the blue line and it is here now. A perfect 5 waves down move after Wave C finished high in November last year.

I need to be very clear here, THIS MUST HOLD THE BLUE LINE FIRST, before we can expect any bounc...

$NET - RC -

Effectively a double top here at the top blue line, we expected this and expect the 5 waves down to continue now, the bounce from $40 to $72 in May was too vertical and had only 1 short pull back, meaning this was a perfect corrective wave, with Wave C ending high. 

$TGT - RC -

Bounced at the first target and then hit the blue line, which was a previous support line that broke down, once it hit the blue line from below, it rejected and is coming down again, likely we will see Wave C hit next, $120, if it can hold this may be a good area to consider a position, fundament...

$CVS

A reminder about $CVS as a long term hold, on the weekly chart we can see that it is very close to the trend line that has been a support since 2011, I expect this level to hold again, it also cuts right across the 0.78 Fib level at $64.66. Price is at $69 now so we are only a few % away from it ...

$DAL

$DAL is not exempt from needing a pull back after climbing continuously for 7 weeks now, a pull back to the 1.618 Fib at $41 would be ideal, lets not be surprised if the market drags everything back and this comes down to the wedge trend line at $39.50, if the price action does come back to this ...