The Long Investor

$CLSK - RC -

Chart has not been as clean as $RIOT, mainly due to overlapping waves but it is still valid, we wanted to see the top blue line hold support and it has done this and bounced very well too....bulls will be watching for the high to be broken out above next to confirm Wave 5.

$RIOT - RC -

So far it has only been following the projection and looking very neat it has to be said, the 50 Day MA is coming up to meet the price too, so does could act as a further support. 

$CLSK has a similar chart too. Maybe one more leg up for the crypto related stocks.

$SE

The 200 Day MA has been breached and the 0.5 Fib has also been beaten. The PM is showing $63.92 right now. We have had Wave 2 hitting the 0.618 Fib level at $59 for a number of months now and we've all waited and watched this. 

It is exactly in the Wave 2 zone now between the 0.5 Fib a...

$ETSY

Little check in with $ESTY to see that everything is on track here and heading right towards our projection target. Massive decline since hitting our Wave A target at $149 to $87 today in the PM.

$ZIM - RC -

A good example of price actions hitting out targets and then rejecting, we can see that Target 2 was hit exactly and then came down to test the blue line again, it bounced and then rejected at our Target 1, it then came down to hit the blue line again for the third time and this time it could not...

$QNTUSD - RC - CRYPTO

I am only seeing a WXY corrective wave here, since the large bounce last year in July, the structure is a clear 3 waves and so far is has been declining in 3 waves too. Below the 50 and 200 Day MA now too and has shown very little else apart from a further decline since the start of this year too...

$CROUSD - RC -CRYPTO

The trend is showing a descent since the start of Feb, any bounces seem to be matched with further declines, it needs to find support soon, the blue line is at $0.054, which is the previous low, holding support here would be ideal. Going below the blue line and it is back into the wedge and getti...

$BABA

So a very strict and neat Bull pennant has been formed here. I have circled a smaller one on the chart in December 2022 and the illustration shows how it is supposed to look as well.

The illustration is almost exactly what we are seeing on the larger one here and we are getting tight into t...

$NIO TOP 20 UPDATE

Short update because the day ended flat but slightly negative. The 0.38 Fib level at $8.78 is an Fib extension of Wave 1 and 2, I use this technique to find Wave 3, Wave 4 and Wave 5. So far the price has held under the 0.38 Fib level. I am watching how the price action moved today and how it beh...

$SCHD - RC -

The downward trend is keeping within the parameter of this yellow channel, I still expect more downside here, the 0.38 Fib is at $65 and the 0.5 Fib is at $60, I suspect it will continue down to test one of these levels for support.

$SQ - RC -

I am rooting for $SQ to hold above the 200 Day MA on the 1hr chart, so far it is holding well but more strength will be needed to make sure it stays above this level.....again, when I mention holding, it means NOT GOING BELOW the support line at any stage, it has nothing to do with time, or end o...

$ZM

The prodigal son continues to deliver and a great earnings to add, with a 17% increase on earnings and a positive guidance. In our last update we mentioned that a pull back will be healthy regardless of the outcome from the earnings, as long as it wasn't a bad report, so a pull back here would be...

$UPST - RC

Has bounced well, almost too well for me, however earnings did beat by 43% so it is somewhat justified but I would take a measured jump over a parabolic move every time. 

I initially had thus jump going to the blue line, it has gone above that so the next resistance level is at the 1.2...

$PYPL

For now the bleeding has stopped and it enjoyed a positive day for the market yesterday to start the week. This is still in the buy zone and a company with great fundamentals and does not miss on earnings, although I am not a fan of their fees, they still have a forbiddable track record and brand...

$PANW - RC -

The bounce from the start of 2023 has been very aggressive but look at their earnings, they have never missed and their PE has been improving substantially, going from 2494 right now to a FWD PE of 41.....this is a company that the market has had high expectations for and has been delivering.

$KO TOP 20 UPDATE

$KO's pull back continues and is on track to hit the 200 Day MA, I would expect this point to offer some support. It has certainly been an important flip line between resistance and support. A hold at the 200 Day MA and the pull back may be complete and it should continue onwards with Wave 3.

$FSLR - RC -

This Wave 3 continues to be aggressive and it doesn't appear finished just yet, like a lot of stocks at the moment, it will be due a pull back for Wave 4 next, these pullbacks tend to come at important Fib levels, so $FSLR is no different. Still more upside next after Wave 4 going into next year....

$DM - RC -

Continues to hold the 0.78 Fib and move sideways, there is no issue with this taking it slow and building up momentum, we do not always have to see a hard bounce. The 50 and 200 Day MA's are above, this should be the next test and may not happen until next week. The big one will be the 200 Day MA...

$COIN

The 200 Day MA on the daily is still the resistance line here for $COIN, it has successfully held below this level since the start of May.

The price action is managing to stay on the wedge line, so buyers are still around but lack that extra kick to get them over two important resistance le...

$ABCL - RC -

Holding well at our blue line here which was the previous low. 50 Day MA test is next, still a lot more to do here but managing to hold the previous low is a good start. Wave B had 3 clear ABC waves so it is possible that the bottom is in again.

$CQQQ - RC -

The Chinese Tech ETF is set up very similar to Bidu and Baba, almost a combination of both. Needs to hold support around this Wave 2 zone and can go further to the upside, since hitting a low in Nov.

The US $QQQ is certainly further along so Chinese stocks are certainly looking like th...

$BIDU - RC -

Although it is a Chinese stock in the tech sector, its set up is very different to $BABA, the double top here highlighted will be a concern. It is managing to stay above the 200 Day MA right now but only just, the best case for the bulls is a pull back to the 0.618 Fib level as shown for Wave 2 a...

$FSR

Just at the previous high now, does it break above today or maybe tomorrow and start moving higher? one to watch!

Needs to stay above the blue now however.

$TSLA TOP 20 UPDATE

Up now 5% today, I am seeing very little chat about $TSLA today which surprises me because there set up is a lot clearer than a lot of other stocks.

I have added in a parallel trend line, which just sits below the 200 Day MA, this is looking like a confluence point shortly, if the price bre...

$NIO TOP 20

Ok so this looks different for two reasons, I needed to change the candles to hollow candles to show the gap that was left behind at the opening between $8.10 and $8.24 and I have eliminated the amber subwave count because this bounce now is likely part of the larger Wave 4 ABC count in red and o...

$BABA

Nice bounce today, having another attempt at this 200 Day MA from below, before the earnings we said that we need this to hold above the 200 Day MA on the daily chart, it did not hold this after earnings but it is testing it now.

The market is slowly digesting the earnings report and so far...

$WBA - RC - APPROACHING THE BUY ZONE

Getting close to our buy zone now, new low today too, FWD PE of 6 here and a very well known brand, in an industry that will always make money in good or bad times. Certainly feel this is one to watch while in the buy zone.

$ULTA - RC -

Earnings report is due on Thursday, starting to see a decline here already, approaching the 200 Day MA on the daily chart, if it loses this MA, it will also lose the parallel trend line and we could be looking at some downside to complete Wave 4 at the bottom trend line next.

$DKNG

Glued to our Wave 3 count here and looks set to hit $28 shortly. There a lot of movement today across a number of industries, so do not be surprised to see this go further then Wave 3 before pulling back, so far, the price target for Wave 5 is looking good. 

$TDOC

Starting to round out here above the 0.887 Fib above $24, RSI is showing the same too, above the 50 RSI now, showing that momentum is starting to gather for buyers and above the 50 Day MA now too. I want to see this test the 200 Day MA soon at $25.50 and flip this to support next.