The Long Investor

$FSLY - RC -

I have added in the impulse wave here in green, before I just had the first and second targets set and it has hit both targets already now.

The pull back since hitting the second target came right back to between the 0.5 Fib and 0.618 Fib and has bounced very well, so Wave 2 is likely compl...

$EOG - RC -

Double top here in 2022, failed to break above the previous high and has been declining since. 

Likely in its ABC count now and should pull back to the 0.5 Fib at $89 before continuing its impulse wave higher. 

$CRWD - RC -

Is also struggling in the PM now after posting a positive earnings, their structure is slightly different to $CRM as their Wave 2 pull back came down to the 0.5 Fib which is a perfectly acceptable Wave 2 position. The move has been very vertical since the start of May, so the pull back now may be...

$CRM - RC -

There is no changes to this chart, and although they beat on their earnings, we still had this as a Wave B corrective wave bounce, the set up since the start of this year has not been impulsive at all, I expect the pull back to continue to complete Wave C.

$LNG - RC -

Very simple set up here, broke out of the long channel from 2020 to the end of 2023 and in its corrective ABC wave now, I have it pulling back to the 0.38 Fib at $122 but it is still valid to pull back to the 0.5 Fib or even further, bulls should watch for where there is support. 

$NIO BUY ALERT

Added today, no stop loss. 

$WMT - RC -

Another $200,000,000 sold by the Walton family over the last week and another rejection trying to get above the previous high....for me, this will follow the corrective wave and complete at the Wave C point in the buy zone.

In this area, I believe it will be a good buy and a good addition t...

$TSLA TOP 20 UPDATE

$TSLA keeps getting rejected at $200 at the 200 Day MA on the daily chart, (the above chart is the 1hr chart). But I am watching on the 1hr chart and how it behaves above the trend lines testing from above, if it can hold support here, it will attempt the 200 Day MA again at $200, it may have a b...

$HD TOP 20 UPDATE

Hard rejection at the 200 Day MA on the 1hr chart, as we expected, getting very close to the 1.618 Fib and the the previous low at $280. If this line is lost, we are into the bear case and the buy zone is just below at $271 or lower.

$JD - RC -

$JD could not hold the blue line and has broken down, it has also restested the blue line from below and got rejected as well, confirming this as a resistance line now....very similar scenario to $BABA too. This is now in the bear case and buy zone but I do not recommend any rush here to buy, the...

$PYPL - RC -

I am happy to see that this has held in the buy zone and so far has bounced well and above the 50 Day MA now, the blue line out of the bear case and buy zone is at $66.50 so there is still a bit of work to do but for now, the downward trend has stopped and we are looking for signs of reversing, a...

$SQ

Bounced from the blue line and got its pull back and held above the 0.618 Fib so far, this is what we want to see, next we want to see this hold above the 200 Day MA at $59.65 right now. $SOFI is performing very well, this may influence $SQ and $PYPL to move up too.

$AMD TOP 20 UPDATE

Not a single change to this chart from the one uploaded at the weekend as part of our Top 20 update. For now, it appears to have topped out where I have set Wave 5, a pull back will be healthy for $AMD, it can continue to stay under the radar and not get sucked into any bubble chat and keep the c...

$FUBO - RC -

$FUBO has performed well since hitting $0.97c and now at $1.67, it has pulled back to a very important level right now, which is just above the blue line, above the wedge and at the 0.5 Fib....if $FUBO is going to bounce, this is where it needs to happen, the targets above are shown then.

F...

$ORLY - RC -

It is possible that as long as the price action stays within the yellow channel, it could still be in Wave 3 but for now and using Fib extensions, the sensible count would be to have Wave 3 finish at the 1.618 Fib, which would be the standard spot for Wave 3 to finish and I have Wave 5 topping ou...

$BTI - RC -

$BTI has been range moving sideways since 2018, this is likely to continue as it hits the blue support and resistance levels. The price action is just approaching the middle blue line now, it is possible that it can bounce at this line and move higher to complete Wave Y, failure to hold here then...

$LRCX - RC -

A very nice chart here, as textbook as you can get.

Wave 1 completed and pulled back to the 0.65 Fib which was also at the low trend line, bounced very well and has gone above the 50 and 200 Day MA's now, this is a long term chart but potentially a lot of upside if you are willing to hold a...

$NIO TOP 20 UPDATE

Tough day for $NIO yesterday, Chinese stocks did not perform well and the release of poor NIO insurance numbers for the previous week added to their pressure. 

We were expecting a further bounce yesterday, a continuation of Fridays bounce which I have highlighted with a white circle, b...

$MMM (3M)

This is an interesting chart because I had to go all the way back to 2009 to find the lows to plot the Fib levels, since topping out in Feb 2018, it has been on a constant decline. The price is just moving down the centre red trend line now and it may continue until the 0.78 Fib at $88.30 before ...

$EMBRAC_B - RC -

Has lost all of its gains now since the start of 2019 from 23 to 134.

It is a clear ABC corrective count down, it needs to find support now, Bulls need to see this hold the bottom blue line, below this line and it is in trouble....it is deep into the bear case now, so the bleeding needs to ...

$ABNB TOP 20 UPDATE

Continues to hold the important $104 level and the 0.65 Fib, I am watching on the 1hr chart now a break above the 50 Day MA which is exactly at our blue resistance/support line....not surprising to see both of them together here. If the price action can break above and hold, we are in a good posi...

$TSLA TOP 20 UPDATE

The price is just at $199 now which is not a coincidence considering the 200 Day MA is at $200 right now on the daily chart.

It opened higher, as the market enjoyed a pop due to the debt ceiling deal finalising but quickly came back down to the earth.

This is does not mean that $TSLA ...

$BABA

Broke below the wedge and has retested the wedge from below and got a firm rejection here, this is not a good sign. It is the same when we look for confirmation of a support line, we like to see a retest and holding above.....when it happens from below and gets rejected, its further confirmation ...

$BAC

Still below the 200 Day MA here on the 1hr chart. The pull back from the previous low and high Fib just held the 0.88 Fib exactly, so bulls are trying their best to save this. So the battle is between the 200 Day MA in yellow as a resistance line and the Fib level as support....whichever one is b...

$CVS - BUY ZONE ADDED AND LONG TERM CHART -

Ok I have been watching this for a long term and it has come right down to our targets, easily going through the first target and now approaching the second target at the 0.78 Fib at $65.

I have added in a buy zone here from $68 to $60, so it is in the buy zone now. 

I have a don...

$DIS

Slowly working its way down the projection, remember the levels to watch are at $84 (the previous low) and below $80 into the buy zone.

$COIN

The emotional rollercoaster that is $COIN continues to pull on the heart strings. Another attempt at the blue resistance line now, bulls will like that it held above the wedge yellow trend line and bounced again and went above the 50 and 200 Day MA but the big test now is getting above this blue ...

$CHPT - RC -

Earnings report on Thursday before the market opens, bouncing very well so far today, although the day is still young.

It dipped below the blue line but recaptured it quickly, a positive earnings report and good guidance could push this higher to our Wave C in red at least.

$BAX - Watchlist -

Another stock we have been watching for a few months, broke out of the downward channel, bounced, pulled back and so far at the 0.65 Fib level now, we want to see this hold, will likely need to bounce and retest the line again to reinforce the support line. Wave 2 could confirm completed then and...

$ARKK - RC -

Oddly enough, $ARKK has been textbook, Wave 5 and Wave C, came down to hit the blue line and has bounced, it's structure since has been very good too, Wave 2 has two clear waves and pulled back to the 0.65 Fib and now bouncing...potentially into Wave 3 now.

$ARK has been questionable over ...