The Long Investor

$NIO TOP 20

I uploaded 2 detailed charts and commentary yesterday in case buyers stepped in after the flush on Thursday where it aggressively dropped down to $7 and bounced.

We spoke about the price action needing to get above the 50 Day MA and  the 200 Day MA and then had the 0.5, 0.618 Fib at th...

$SE - RC -

Recaptured the 0.65 Fib, we want to see this moving up now above the 50 Day MA and showing signs of reversing next. 

So far this has behaved exactly as we expected for the last 4-5 months, I want to see this continue our projection.

I will be closely monitoring this.

$PYPL

$PYPL like $SQ has been performing very well and we do like that $PYPL is  in the buy zone still and holding when we wanted it to. Big test now will be getting above the blue line here at $66.50. If it can get above this line and hold, we can assume that the bottom is in and it is starting i...

$SQ - Subwaves added.

So far I like what I see here, made a new high and the Subwave 1 and Subwave 2 counts have been beautiful, using that 0.618 Fib exactly as it should be, so as long as I see this behaving as it should, the more I am confident about it.

$SPY TOP 20 UPDATE

Full commentary will be added over the weekend as part of the Top 20 List but I wanted to show everyone how this has been looking this week so far.

The bulls have certainly been showing up and nothing has been getting in their way, previous high is what I am watching for next at $432, I sus...

$TSLA TOP 20 UPDATE

Very important break out for $TSLA today, broke above the red line at $210 and just needs to hold above here now for me and there is plenty of upside next. 

The Bulls have done everything that has been asked of them and while many were watching the Ai market jumping, other stocks with ...

$ABNB TOP 20 UPDATE

I know a lot of our members got in on this at $104 and we liked how the set up looked good, it retested the support 3 /4 times and then bounced, we like to see this and it takes away a lot of the risk from entering.

Performing very well since and broke above the 200 Day MA and the bull flag...

$ENPH - RC -

I am open to the possibility that Wave B is complete here in amber and this is moving up for Wave C in amber.

But I have not changed the chart, the subwave c in red is still quite short so it is possible that the bottom is not in yet, if you like this company, it may not be a bad time to st...

$FCEL

It's getting tighter and tighter down this wedge, one direction will take over soon, a break out above is important here but you need to look for support confirmation above the wedge, this will be in the form of a retest and holding.

Unless this happens, it will still be at risk of breaking...

$PTON

Showing positive signs of reversing here, held our blue line at the previous low and following a structured bounce, signs we want to see.

50 Day and 200 Day MA are still above so these will be two big tests to confirm a reversal.

That being said, a lot of potential upside here over th...

$LABU - RC -

Biotech bulls will feel this may be their time to shine and this ETF chart is certainly agreeing with them for the short term at least. The last barrier will be getting above the 200 Day MA which is at the apex of the wedge, so getting above and holding above this level will be a strong bullish m...

$LULU

No changes to the chart here but I have added in the subwaves of Wave 3 here, $LULU bulls who are holding this must be delighted with this monster company.

All targets remain the same.

$TTD - RC -

Last uploaded on the 18th of Feb and not a single change.

This has been glued to our projection since this original chart was uploaded in December.

Wave C completing at the previous high looks all but certain now.....and as always, if this can not break above the previous high, Wave C...

$HSI update

In line with my comments on the $JD chart that has just been uploaded.

Inverse Head and shoulders pattern has worked out very well here, above the 200 Day MA next would be another bullish move and very little would be in the way of this going higher. 

The Chinese govt has got a l...

$JD - RC -

I sometimes talk about price actions needing to recapture a support line quickly in order to save a structure and so far $JD and $BABA are doing this, it was looking bleak during the week for both of these companies and I have been calling for a stimulus announcement from the Chinese govt for a n...

$CCJ - RC -

Broke above the wedge and moving towards the previous high, a break out above and this could complete Wave 5 at $38.

A rejection at the previous high and the blue line and this could come back down to complete Wave C.

$LI - RC -

It's important to note here that $LI has been performing extremely well here compared to $NIO and they are not just an EV company, they are a hybrid company of ICE and EV. 

They have also released their earnings back on the 10th of May, which was positive and they released their produc...

$NIO TOP 20 UPDATE - 2 CHARTS

Uploading two charts today because I want us to be ready for any potential reversals. One chart is for the 1hr chart and the other is for the daily.

I'll start with the daily, the MACD is the main indication to watch here, it is not showing signs of reversing but still trending downward, th...

$TUP - RC -

Very little to add here, in my last update, I added potential support lines in red and so far it is showing support at the 1 Fib, there is a lot of work here to do before I can add in a potential count, I need to first see this get back above the blue line again at $1.10.

$AMZN TOP 20 UPDATE

Another favourite right now, made a new high today too which confirms the trend is still moving higher, I still expect this to continue to the upside and I am watching for the 1.27 Fib next at $129.

$ABNB TOP 20 UPDATE

We said from our last update that we like how this continued to hold the $104 level at the 0.65 Fib, it held this level 4 times and now has bounced very well, it has gone above the previous high and is just at the 200 Day MA on the 1hr chart, a flip here to support and a break out of the bull fla...

$TSLA TOP 20 UPDATE

I spoke yesterday about watching for the bounce on top of the yellow trend line and it has done just that, this is a very good sign that this trend line is now support. It is also above the 200 Day MA on the daily chart now too......next is the red trend line, a trend line that has not been broke...

$CRSP

Very nice set up here, Wave 4 could be completing shortly and it is getting prepared for its next move higher to complete Wave 5.

50 Day MA is about to cross the 200 Day MA too which is a bullish indication.

$NET

$NET's move is concerning me now, a very straightforward clear ABC count since bouncing around the lows after its earnings report.....we know that when Wave C ends high, it is normally followed by 5 waves down.

It has gone as vertical as it can since that aggressive decline since its earnin...

$SHOP

Continues to pull back and continues to be glued to our projection, it went below the 200 Day MA today and so far has recovered its decline but there is certainly a crack in the support now, so I expect another attempt and possibly losing the 200 Day MA again.

This pull back is healthy and ...

Thoughts

I would like to know your thoughts on this,

Drop a ticker below

$NIO TOP 20 UPDATE

Production numbers are in and again, as we expected they were not great, the recent aggressive decline was possibly factoring in this and the next big catalyst will be the earnings on Friday the 9th of June, before the market opens. 

I think we are all expecting a terrible earnings too...

$PSFE - RC -

$PSFE continues to struggle post stock split and normally this is a distressed signal when companies do this, $WISH being another perfect example.

I have added in potential support levels as it moves down, ultimately, there is very little to be bullish here about until this breaks above the...

$CHWY - RC -

Nice bounce in the PM after earnings, we can see that after the double top, the pull back has come all the way back to the 0.78 Fib and is now bouncing, the earnings catalyst has come at the right time, next tests will be getting above the 50 and 200 Day MA just above but so far, this is looking ...

$LCID

Has just announced a public offering of $3 Billion, another dilution for share holders, this may be a big enough catalyst to finally move this down to our $5 target, as the share price has been sideways moving since March.

Down -7% in the PM now.