The Long Investor

$BAC

$BAC has intrigued me lately, as the market is turning bullish, the banking stocks are not showing the same enthusiasm, there may still be concerns that liquidity is still tightening and concerns of higher interest rates, especially on large mortgages or car loans will continue to affect the bott...

$COIN

Still working its way down the wedge here, below the 200 Day MA too, there has been a number of erratic swings lately as the market is trying to digest whether the value is still there considering the risks at the moment from the SEC. We won't know which direction this will go until a wedge trend...

$NKE TOP 20 UPDATE

$NKE dipped yesterday after its strong run on Weds, but recovered very well since, in the PM now and showing signs of resuming its upward trend. Staying above the 200 Day MA here at $112 is what we are looking for here now. We can already see that the 50 Day MA is curling up and a break across th...

$SE - COTW

We got the pull back we spoke about in the last update, it came right down to the 0.5 Fib close to $61.25, it is not clear that Subwave 2 is complete now but a break above the previous high at $66.47 will confirm it, this is what we saw on the $PYPL chart yesterday too.

Pullbacks are healt...

$BABA

More strong movements in the PM here for $BABA, very happy to see a breakout and a retest of the wedge line and blue line and then going higher. These retests are almost a signal to buyers that it is a good time to enter or add as they are showing that support is here now and the risk has been re...

$NIO TOP 20 - IMPULSE WAVE ADDED

Ok I have seen enough to believe that the price action here is favouring the bulls now, there has been relentless buying and strong support that I have not seen for a long time with $NIO, any slight dip is being bought up and this can mean that retails and institutions are eager to buy this. It i...

$CFLT - RC -

It has been awhile since I last uploaded this and it has been on some run since bouncing on the 0.78 Fib line in May, a number of stocks have done this lately, $SOFI and $PLTR most notably.

Because of this vertical move, I can not rule out this corrective wave and it has so far been struggl...

$LI - RC -

$LI continues to perform very well, it is ahead of the Chinese EV start ups and rightly so, as their execution has been phenomenal, very little in the way of this reaching the Wave 3 target at $45.

$PTON

Here's the pull back now for Wave 2 we have been waiting for, we are watching for support between the 0.38 - 0.618 Fib, we can see the 200 Day MA is coming up from below these Fib levels so we should be watching for a level that will meet this MA and the price action. A hold here and Wave 2 is co...

$QQQ TOP 20 UPDATE

I have Wave 3 coming up to the 2.618 Fib at $371 and expect to see a pull back for Wave 4 soon but buyers keep stepping in so this Wave could keep going, the pull back can come back when it likes.....we normally set Wave 3 at the 1.618 Fib and we are already at the 2.618 Fib, so this has been inc...

$BIDU - RC -

$BIDU is also part of the Mega Chinese stock group that is moving the Chinese market, it has bounced very well at the 0.5 Fib at $117 and approaching the blue line now at $160. A flip here to support and this lowers the risk substantially. It is just slightly ahead of $BABA but I suspect both of ...

$PYPL

I mean it when I say, this is a sleeping giant. If the market is going to take off, buyers are going to step in and buy companies with strong fundamentals, a proven track record and companies that have been oversold substantially. $PYPL hits all of those requirements, I have doubled my position i...

$SQ

Nice bounce today on the 0.618 Fib, which I said yesterday needed to hold and it has done just that and more, $70 is the next target with the overall aim of reaching $90. $SQ appears to have weathered its short selling report storm and is in an undervalued position, like I said in the Telegram gr...

$SPY TOP 20 UPDATE

Certainly in the bull case now with little in its way of resistance until the all time high line at $480. The resilience shown here is quite impressive, nothing appears to be getting in the way and from what we are hearing today, hedge funds are joining retail investors into the market any enjoyi...

$PYPL - BUY ALERT -

Added, no stop loss set, this is in the buy zone. 

$HOOD - RC -

A number of people have asked for this and I am not quite sure why because it is the same as the previous chart I uploaded, maybe the slight sideways movement has thrown people off a bit.....either way the targets remains the same. It is above the 200 Day MA here which is a good sign and if we do...

$ABNB TOP 20 UPDATE

A lot of buyers have been stepping in and buying any dips, next tests will be at $129, which was the previous high and then I think the big one is at the yellow trend line at $131, clean break above here and this is going towards our Wave 3 target and $210.

$S - RC -

A very unorthodox set up here, after earnings on a slight surprise miss on revenue, it sank from $22 to $12.50 and held our blue support line.

It has bounced very well after the over reaction....I do not know the details as to why this dropped but for now, it's a corrective wave and the ups...

$EOSE - RC -

Just at the blue line and the previous high now, a flip here and the bull case is confirmed and looks good to complete Wave 3, with a target shown at $5.31. No changes to the chart here since the last time I uploaded it.

$NIO UPDATE

Let's see, it needs to pull back to show where its support is, this has not happened yet, the pull back will tell us everything we need to know.

$AMD TOP 20 UPDATE

Has already started to curl at the top, it is a really nice structure so I would like to see this maintained, a pull back is very healthy here, $93 is what we are looking for to start a position/

$DRV - RC -

$DRV is holding on but it is struggling, it has been holding the the previous low 4 times at $46.80, it really needs to bounce on this level to go higher to the $84 target but in recent weeks, the market has been resilient and has kept this at bay....that being said, the Real Estate market will l...

$BTC

Beautiful from $BTC, it broke down from the 0.38Fib at $25,130, which was the blue line and bull case support line and moving closer and closer to the 200 Day MA just above the 0.5 Fib now. Right now, it is at $23,800.

I am happy that our members did not jump on this when it hit $31,000 an...

$BABA

Is it finally time for the market to realise that the Chinese economy and US economy are at completely different cycles right now and the Chinese government has its disposal, a QE program that the US would love to be able to use right now but can not as long as inflation is above 2%.

The C...

$NVDA

$NVDA is still pushing higher, still performing better and a lot better than other Semi companies, so the hype is still here. The chart is still not giving any indications about when this will let off steam or come down, I suspect when it does it won't be pretty but I can not say when, I have cha...

$TSLA TOP 20 UPDATE

Pulling back in the PM now but a lot of stocks will be letting of steam after yesterday's hawkish view from Powell and the potential issue that rates won't be cut for a number of years.....I don't believe that but he did say it.

A pull back for $TSLA is definitely needed now regardless, the...

$NIO TOP 20 UPDATE

$NIO traded within a tight range again yesterday, it did not get up to our $9.29 target but also did not get below the $8.80 level at the .887 Fib Level.....yesterday was a volatile day for the market but $NIO kept within its tight range, there may be a fight happening between the bulls and bears...

$GPS - RC -

On the weekly here, we can see some signs of reversing on the RSI and MACD, a break above the 50 Day MA at $10.70 and this adds to the bullish indications, a lot of upside here to $37 and a strong brand with good fundamentals...in terms of r v r here, this favours the reward side.

$ACHR - RC -

A chart that hasn't been uploaded in a few months, that time we were waiting for the wedge breakout and this has happened here, it also broke out, retested above the wedge line and the 200 Day MA and has bounced aggressively, Wave 4 is still to come before going higher.

$SQ

Subwave 4 only went as far as the 1.27 Fib, the usual spot for Subwave 3 to bounce to is the 1.618 Fib but this is valid and fine. I would like to see this hold the 1 Fib now at $62.70 and start moving up to our Subwave 5 target at $70. So far the impulse wave is valid, we need this to keep its s...