The Long Investor

$NIO TOP 20 UPDATE

$9.29 level has been lost here so the bears are in the driving seat right now, the bulls will need to respond to this quickly.

Important level here now to watch is that 0.88 Fib line in white, which is out blue line too at $8.80 and this looks like the 50 Day MA is meeting this point too.....

$PYPL - Chart of the Week - COTW

Probably no surprise to anyone that $PYPL is the COTW.

It is in the buy zone now, it has found support comfortable in the zone too, pulled back to just above the 0.5 Fib and broke above the previous high on Thursday, where I sent out a Buy Alert for when I added.

I believe this is a...

$SPY TOP 20

Moving quite aggressively over the last week and a half and we can see that the RSI is now, like $TSLA, at the same level it was when it reached its peak before coming crashing down at the top in December 2021.

However, the 50 and 200 Day MA's are confirming the positive trend and there is...

$QQQ TOP 20

If $QQQ continues anymore on this trajectory, it may start moving backwards!!!

Let's be very clear here, this is bubble territory and not looking healthy without any pull back, we never want to see a vertical movement, not to mention an ETF of this magnitude with large consequences, tho th...

$PLTR TOP 20

Still performing incredibly well, so it tells us that this Wave 1 may not be complete yet, although it could reject again at the Wave 1 $17.15 level at the blue line, a rejection here and this could pull back quite strong.

We still expect Wave 2 to come in and pull back considerably, the A...

$INTC TOP 20

We have been watching $INTC run very quickly over the last 2 weeks without much news but observing that it was late to the Ai party, but two big catalysts have been announced over the last few days and maybe some large players in market knew about this before the general public....but a large fac...

$HD TOP 20

$HD is having a difficult time trying to break above the 0.38 Fib and holding above $303, it has tested the resistance level 3 times now and rejected but each pull back has been saved by the 200 Day MA which is drifting just below.....so clearly there is a battle between the bulls and bears.
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$COST TOP 20

Very simple chart here, it has broken out of the wedge and is looking steady in its upward trend, there is very little in its way here from going a lot higher, although at a slow rate.

Munger said he is addicted to $COST so I won't be too surprised to hear that he has been adding in this q...

$BTC TOP 20

Downward trend is still clear here while we have made a lower low and have not made a higher high yet, the price action is just at the 50 Day MA now, so this is important. Will this act as a resistance level as it has since the start of May, it looks to be doing its job so far.

We need to...

$NIO TOP 20

On Friday morning I uploaded $NIO showing that we will likely see a pull back and where it finds support next will tell us all we need to know.

I said that I was impressed with the steady and strong buying during the week and we need to strongly consider that the bottom is in at $7.
...

$TSLA TOP 20

I have set this potential 3 wave corrective wave topping out at $268, the price action hit $263 on Friday, after pulling back slightly on Thursday. I have uploaded this a number of times during the week and I think many are up to date here with how I see this going, getting above this yellow line...

$MSFT TOP 20

$MSFT's strength is in line with $AAPL here, very little weakness still, although very clearly stretched and I can identify 5 clear waves in this subwave 3 too but we have been here before and $MSFT, $NVDA and $AAPL are being bought hand over fist, the Ai craze is still evident. 

$MSFT...

$KO TOP 20

$KO is the slow and steady champion. It has bounced very well since holding the 0.78 Fib and broke above the 200 Day MA this week to a strong bounce, a strong bounce by $KO's standards. The next test here will be the 50 Day MA just above in blue, a flip here to support and we are moving up this S...

$GOOG TOP 20

I uploaded this chart during the week to show its progress and said how uncanny it was that it hit our Wave Y target exactly and pulled back....we can see from the RSI that the pull back is quite strong and trending to the downside, the MACD is clearly showing the same trend too.

As I have...

$F TOP 20

Still continues to behave very strong since breaking above the wedges, no clear pull back here since breaking above either, I think Subwave 4 will be next before moving higher to complete Wave 5.....ultimately, price actions move the same length to the upside as the largest width in the wedge it ...

$AMZN TOP 20

This chart has not changed in a number of months now and it is very much following our projection. The $129 level at the 1.27 Fib has always been the big test here, the price action has gone as far as $128 this week, before cooling a bit. For me, getting above the $129 level is important as I can...

$AMD TOP 20

There has been a number of signals this week that this has started its Wave 2 corrective wave now. The price action has hit the 1.27 Fib and rejected and has started to curl at the top, the RSI is showing a clearer indication that the trend has reversed and the MACD has confirmed this too.
2023-06-18 20:29:02 +0000 UTC View Post

$ABNB TOP 20

The model student has performed flawlessly since $104 at the 0.65 Fib and in the buy zone. Big test next as it approaches the yellow trend line that has been a resistance line since the start of 2002, we want to see a break out above this line and a retest from a above, flipping this resistance l...

$AAPL TOP 20

$AAPL continues to show strength and although a number of Mega Cap stocks appear to be slipping towards pulling back, $AAPL is maintaining its trajectory to the upside.

The RSI has shown a steady consistency since March, which leads me to believe that there is still more to go and Wave 3 w...

$BABA

I think we are still in Subwave 1 here of Wave 3, this Subwave 1 could continue as far as $104 before pulling back for Subwave 2, so we just need to be patient here and see how it develops....I hope a lot of our members are in on this, there is a lot to be positive about on the chart. Those who a...

$ETSY

Very tight ascending wedge in the last few sessions and on Friday it broke down from this slightly....this formation looks bullish but it is not, it is very much bearish....buyers were drying up as this was trying to push higher....this is usually met with a sharp descent when the break down is c...

$XPEV - RC -

I had no buy zone with $XPEV, it made a slightly new low at the start of June (which would validate Wave 5 being complete), when $NIO made its new low down to $7 and both have bounced together. Both may follow the same trajectory now, as both are still struggling and the market is giving confiden...

$JOBY - RC -

This is a really good observation and lesson, there was a large wedge formed from the start of 2022 until May 2023, if you take the largest width of that wedge and apply it where there is a breakout of that wedge, you get the distance of where the breakout can run to.....in this case, I have show...

$SILVER - RC -

Very interesting chart here from $SILVER. First of all, it pulled back in mid 2022 and held at the 0.65 Fib very cleanly, it has since bounced and held support above the 200 Day MA, it has recently broken out of the red channel and has held above.....these are 3 very strong support indicators of ...

$PSTG - RC -

Nice chart here, held at the 0.5 Fib at Wave 2 and bounced very well and back into the upward channel and comfortably above the 200 Day MA, it is also above the previous high too, so this is further confirming the upward trend again. I believe this is in an impulse wave and the Wave 3 and Wave 5 ...

$LAC - RC -

There are two ways to look at this chart, that it has broken out of the upward yellow channel and it is in the red downward channel now...or there other way is that it has formed a very large wedge and it is in a prime position to break to the upside....considering the demand for Lithium over the...

PETROCHINA - RC -

Before and After, last uploaded at the end of March '23. Very explosive move after bouncing on the 0.618 Fib and breaking through the previous high at the blue line. Watching to see how this behaves now at the 1.27 Fib level, where I have set Wave C, to see if it can break above this level and co...

$FUBO - RC -

$FUBO keeps moving strong and breaking above the previous high has helped this momentum further, no changes to the chart here, so the impulse wave is in control here. Big test next will be at the 200 Day MA at $2.40, a flip here to support and this will have passed a massive test and confirms the...

$PSNY - RC -

Like a lot of EV stocks right now, they are enjoying to positive movement and $PSNY has broke out of this red channel for the first time since reaching its high in November 2021. Still in its Subwave 1 too and i'll see where it tops out before adding in the subwaves next.

$META

$META has been a beast and it is adamant to fill this gap all the way to the blue line, the chart looks very extended now, as it has been for awhile but positive news continues to flow from the the $META camp and ARK have added here lately too. It will be interesting to see how this behaves at th...