The Long Investor

$SE - COTW

Pulling back now after a nice bounce from $56, I suspect this is a pull back for Subwave 2, I want to see this hold at the Wave 2 zone between the 0.38 Fib and the 0.618 Fib, a good support here and we are into Subwave 3 next.

A higher lower here and this is in a good position. So far thi...

$LUV - RC -

$LUV looks ready to join the party, if you missed $DAL or $AAL....$LUV or $JBLU look to be getting ready to break out of their long downward trends.

The 200 Day MA is just at the trend line here, a very long channel since the start of 2021. A break above $34 and it holds above, this is exp...

$SOFI - RC -

$SOFI is just here in its own world, I'd be lying if I said that I was not concerned of this because it is very obvious but let's see when it hits the 1.618 Fib at $10.94....since we had this target set, it is following our trajectory, it just looks terrible but the pull back, hopefully to Subwav...

$INTC TOP 20 UPDATE

$INTC has made a new high but the structure is almost identical to the movement between March and April, I have circled both in white for comparison. So I want to see how this moves when it hits $36. I won't rule out the possibility of this entire count being impulsive and that this can break abo...

$EVNX - RC -

No changes to the chart, we can see that it's finding support on the 200 Day MA so far and keeping its structure very well, the 50 Day MA is coming up to meet the price action now, a cross here of the 200 Day MA and this will be a bullish indication and this will resume its movement up for Wave 3...

$CCL - RC -

Wave 1 is not complete yet so I have added a provisional impulse wave in. I expect the cruise industry to bounce back strong, along with the airline and hotel industry in a post covid world.....the world wants experiences again and travel is the best form of it.

$CRSP - RC -

Needs to hold this level or Wave 4 infringes on Wave 2, although this could still be valid as a leading edge. The 50 Day MA is just crossing the 200 Day MA now to the downside so this is bearish move unless it recaptures immediately. If this can regain the 0.38 Fib at $60.50, Wave 5 up is next to...

$TGT - RC -

I do not think the pain is over for $TGT just yet, relief bounce at the moment, which may cause this to bounce twice on the first target yellow line but I think this will still come down further to $119....at this price and a FWD PE of 11, there will be some value here.
This is down considera...

$NKE TOP 20 UPDATE

Very nice bounce off the $106 level at the 0.5 Fib, it has held very well between the 0.5 Fib and the 0.618 Fib and showing signs of reversing now. I have a position here and I may consider adding to it here too, something that should be considered by holders.

$GOOG TOP 20 UPDATE

Pulling back today as a number of AI related stocks are struggling, we are watching for the 0.5 Fib here at $117, which is in line with the middle trend line. A hold here and this could be Wave 4 completing and Wave 5 is next up to $152. FWD PE of $GOOG is 19, so in terms of fundamentals, it is n...

$CVS

Getting that last flush now from $CVS as its moving towards the important 0.78 Fib now at $64.66. A hold here at this level and this is at a very good position to add and hold long term. I have uploaded a long term chart of this and I am very happy with how this looks.

$FCEL - RC -

Almost a 50% jump now since breaking out of the wedge, we really liked the single red line retest of the wedge from above, confirming the wedge trend line was a support line and it has just took off since.....big test coming up at the 200 Day MA at $3.10. The targets remain above, I hope a few me...

$BABA

PM is right at the top of the ascending triangle right now, and staying above the large wedge line, this is a test to see if the wedge line is now a support line, this pull back makes a lot of sense here.....we always want to see a test of a new support line, so if it does find support, Wave 3 ca...

$NIO TOP 20 UPDATE

Yesterday's chart we said that $8.80 is the area we are watching, to hold there and it just about held there after battling all day between a very tight line, between the 1.618 Fib at $8.92 and the historical 0.887 Fib at $8.80.

We can see that the previous resistance line was at $8.86 on t...

$SKX - IMPORTANT NOTE - **

I am not sure how many companies I have shown with this set up lately, where it has pulled back exactly to the 0.618 Fib for Wave 2 and then bounced very well since then and entered or entering Wave 3.

These setups are found everywhere and at any time, regardless of being in a bear or bull...

$TDOC

Let's see if $TDOC can get this right again, pull back here to the 0.618 Fib and has bounced and now above the 50 and 200 Day MA again, subwaves added here for this potential Wave X.

$PFE

New local high here and momentum behind it.

We didn't give up on $PFE or $BABA and they have came back stronger, it's important to give your stocks, especially those with strong fundamentals a chance to find their momentum.

I believe the same will come through for $ZM, $PYPL and $NKE...

$FSR

$FSR has flirted with both the bull and bear case by breaking down from the wedge, recapturing it and then breaking out of the wedge and just holding on it now....it is still above the 50 Day MA on the 1HR and it just at the top trend line in the wedge....it needs a catalyst to finally move this ...

$QQQ TOP 20

$QQQ is still going, all the way to the 2.618 Fib possibly next which is 268% of Wave 2.....usually Wave 3 will hit the 161% extension, so the $QQQ by any metric is very extended here but buyers continue to step in. Bulls are still in control here, a pull back is healthy but the $QQQ does not app...

$PTON

Needs to keep this good structure now, so far it is behaving as it should, Subwave 1 may not be complete yet and then we want to see a pull back for SubWave 2, this could be an ideal position to start or add at the 0.618 Fib.

We need to see Subwave 1 complete first before we can count the 0...

$KWEB

Textbook here from $KWEB, held exactly at the 0.618 Fib to complete Wave 2 and bouncing well since then, still in the first Subwave now of Wave 3 but here is another very good example of finding the start of Wave 3.

$JD

$JD keeps pushing higher and Chinese policy makers keep encouraging the market, $JD, $BABA and $BIDU could start benefiting greatly from this as these are the $GOOG, $AMZN and big tech of China.

In terms of their valuations compared to the Mega Tech stocks in the US, there is far more val...

$FUBO - RC -

Is showing some good signs here, it is just at its previous high test now at $2.11, a breakout here and it can hold and the impulse wave is looking good, a run to $3 is certainly becoming a likely scenario next.

$META

$ARK selling $TSLA to buy $META....not sure that was a wise move but $ARK have been making money on $TSLA lately and freeing up cash to invest elsewhere makes sense....that being said, $META's chart is beyond extended. 

$ARK may have assessed that $META's VR headsets price may be very ...

$TSLA TOP 20 UPDATE

Still moving higher, very little in the way of it going towards testing the $268 level, a breakout of this big test should see this continue to our Wave 3 level at $320.

At $320 this will be over a 100% jump from the Wave 2 bottom at $152.

$DAL

Clean break through the wedge line with hardly any resistance, very happy with this. The RSI on the daily is quite high now, so the ideal scenario for us now would be a pull back shortly to retest the wedge line from above, if it can find support here, this will be the confirmation we need, this ...

$OXY

I am asked for a lot of updates of $OXY but there is very little to report and no changes from the last chart, we know this is a slow mover and that's why we like it.

Staying above the 200 Day MA here still. if this can get above $61, we should start seeing this move higher for Subwave 3. 2023-06-13 15:03:34 +0000 UTC View Post

$BABA - BUY ALERT

I alerted yesterday of the ascending wedge formation, leading to the wedge trendline, we got the break out now and reacted very well. Holding above the $87.10 line now will be important to show confirmation of this new support line above the wedge.

I have added here.

$AMZN TOP 20 UPDATE

Needless to say, I am very happy with how $AMZN has been performing, continues to move in a controlled manner and looking very strong. Very big test coming up now and the PM is bringing the price action up to the 1.27 Fib level at $129 nearly. If we can break above this level and hold, $140 at th...

$NIO TOP 20 UPDATE

I have spent some time during the night going through this chart. What is throwing a lot of people off is the price action since Friday, where it bounced aggressively after the negative earnings report and then declined to end red for the day. This then followed by an aggressive bounce again yest...