The Long Investor

$INTC TOP 20 UPDATE

Continues to look on in horror as many other Semi companies perform well and this is following our count perfectly here. A lot of members who are here a number of months now can remember the bounce in March, which at the time was a big surprise, it didn't look impulsive in any manner and we kept ...

$NVAX - RC -

Starting to break down further here, after getting rejected from the 200 MA on the 1hr Chart, the WXY count now looks in control, ultimately this needs to hold the blue line now which was the previous support but the structure does not look great now. Parabolic moves tend to destroy structures, t...

$PLTR TOP 20 UPDATE

Very little to add here except that $PLTR is really enjoying this Wave 3, it is glued to our projection and hasn't put a foot wrong, in spite of it being aggressive. Another attempt at the Subwave 3 today and didn't quite have the legs to go any higher, a nice structured move down to Subwave (IV)...

$NIO TOP 20 UPDATE

We were just $0.13c away from hitting our buy zone today, what a rollercoaster week for $NIO. 

There is no doubt that a new low is coming in shortly, a relief bounce is needed here and I can see a head and shoulders potentially forming here too, with the right shoulder still left to fo...

$ABNB TOP 20 UPDATE

$ABNB like $DAL is holding its structure well and finding support where we have been expecting. 

If it loses the 0.65 Fib here, I have no concern seeing this move down to the trend line of the bull flag, underneath this support line, we may start seeing a break down of the structure, w...

$DAL

Like a lot of stocks this week, they are experiencing some volatility, so we will be watching to see if any structures break down, with $DAL they have been performing well. Pulled back and held above the bull flag and caught support at the 200 Day MA on the daily chart, a good sign for us holders...

$BABA

$79.50 needed to hold and it has lost it now, unless it can recover quickly, this will likely come down to first test the blue line which is at the .78 Fib at $71.60 and failure to hold here and it is coming down to Wave C. 

One too many economic indicators have not gone in China's fav...

$INTC TOP 20 UPDATE

Hard rejection at the 200 Day MA for $INTC. The moment it needed to show support to invalidate the corrective wave, $AMD and $NVDA started to show weakness and added on pressure for $INTC...earnings are out today for $NVDA so a lot of people will be watching this, will it be a case of buy the rum...

$EGLX - RC -

Very little to report here, it has declined down through this channel since the start of 2022 and I have added in amber Fib levels to see where there is potential support. There has been a lot of negative earnings report so it is likely that the market is waiting for a positive trend before being...

$SLQT - RC -

Pulled back to the 0.78 Fib level, held well and bounced, it is moving nicely here so I expect this trend to continue at least until the blue line again at $2.95, if the bulls can step in and push this higher to a new high, this will confirm the bull case and Wave 3.

If the price action los...

$IWM

No changes to our chart here, it's amazing how clear it is, following our Wave C chart without any question, head and shoulders pattern formed since October '22 and has rejected at the 200 Day MA this week to begin the right side of the right shoulder.

Again showing how a handful of large i...

$GPS - Add to Watchlist -

Earnings are out tomorrow after the close, can this be the catalyst to turn this around? very close to our Wave B target too, whatever happens tomorrow, it needs to hold this blue line support at $5.29....a positive earnings and this could reverse, one to watch.

$FSR

Performing incredibly well over the last 4 weeks, broke higher above the important blue line and approaching the next yellow trend line which looks to be a confluence level with the 200 Day MA, all going well and the price breaks to the upside, the targets above are at $8.10 and $10.

The on...

$FTCH - RC -

The price has held the first target so far and has bounced and broke out of the red downward channel, it may come back to test the top of this channel from above now to confirm if this is a new support line, if it can hold above, this will look good to complete Wave Y in amber.

$DRV

Is of course loving todays price action...it has been showing strength lately and today's market weakness has added to this strength. The chart remains the same, it will need a large catalyst to change this projection I feel.

$ONON - RC -

Very strong run into earnings, extended and went parabolic....earnings reported and although they were quite good, the move before the earnings was a classic buy the rumour and sell the news...pump and dump but also an impulse wave....so the obvious direction next would be a sharp decline and thi...

$M - RC -

$M needs to find support now, it has lost the 0.65 Fib at $16.09 and attempting to test this again from below, if it rejects here, it may come down to the 0.78 Fib at $11.50

$FCEL

Onwards it goes down the wedge, it has been rejected a lot of times trying to break out of the wedge lately and not getting that break, as long as it stays in the wedge, it still has a possibility to break to the upside, getting tighter now however.

Earnings expected around the 8th of June,...

$EL - RC -

Approaching the previous low blue trend line now, failure to hold here and it can come all the way down to $136, so bulls, if they are still around, will need to appear soon!

$F TOP 20 UPDATE

Just at its 6th attempt now at the bottom of the trend line.....I have very little confidence that this will continue to hold as it gets tighter into the wedge. 

$DIS

We want to see this lose the previous low at $84 and then go below $80 into our buy zone....so far it is working in our favour.

$SHOP - RC -

That bounce was fooling nobody and a very obvious Subwave 2 of Wave A, it is very much in its corrective pull back now, this chart has been great.

$NIO TOP 20 UPDATE

It's kind of beautiful.....

$VIX TOP 20

Up nearly 11% today now, and showing signs of another big move.....which is fairly obvious considering the debt talks have been breaking down. The market is taking a beating today but $AAPL, $MSFT and $AMZN are still holding up well, this is probably stopping the VIX from taking off.

$XPEV

$NIO plays with your emotions but $XPEV is even wilder, so many hard bounces are large declines, giving false pretenses ......but our chart has never changed, we always focus on the big picture and overall trend.

Approaching the bear case next at $7.60

$TSLA TOP 20 UPDATE

Rejection at the first trendline yesterday, pulling back now but all very civilised and controlled, I can see 5 subwaves since the bounce at $152, so if $TSLA can pull back to between $172 and $167, between the 0.5 Fib and 0.618 Fib and hold, which is where the 200 Day MA is now, this will be a n...

$PLTR TOP 20

$PLTR finished the day yesterday just below our Subwave 3 (iii) target and pulling back a little now in the PM, I have Subwave (iv) coming down to $11.65 so this is possible today.....obviously the move has been parabolic here and happened a little sooner than everyone expected but still valid......

$PLUG - RC -

Is that the bounce that the bulls were waiting for?....it has come very close to the trend line and where we set Wave X so it is possible.

Zero changes to this chart.

$CRM

I see nothing else but a corrective ABC wave count here, the question is, will it reject at the 0.5 Fib where it is at now or go higher and reject at the 0.618 Fib, either one is perfectly acceptable.....but it will reject and pull back heavy.

$CRWD - RC -

Looking strong here, it bounced at the 0.5 Fib and as we know, this is a perfectly acceptable zone to complete Wave 2 and was just around the trend line so likely a confluence level.

So far the price has broken above the 200 Day MA and the previous high, so these are all positive signs. No ...