The Long Investor

$SQ

I uploaded this the other day to show that the count is still valid and needs to hold the blue line and the right side of the right shoulder can still move higher, so far it is performing well, the 200 Day MA in yellow is just above, this will be a big test, flipping this to support and this is a...

$SPCE - RC -

A speculative play here and in the past has dropped and declined in wild swings, some people still remember these swings and expect them to continue and they might still but that is not a strategy, this is certainly a high risk stock so be cautious in your approach, if you gain, take the money an...

$S - RC -

Following our count very well here, just above the 200 Day MA here, if it can hold above, it has passed all the tests lately and the upside should continue, not much to add here because the chart hasn't changed. 

$OXY

It has held and bounced where it needed, OXY is an energy company but also a carbon capture company and the leader in its field, they are heavily subsidised by the government for this work too. Buffet bought heavy again in the last quarter and bought in the previous quarter between $63 and $66. S...

$NET - RC -

This has bounced incredibly well after dropping hard after a confusing earnings, where GS downgraded and so did CS downgrade. Buyers stepped in strongly and this has bounced hard, likely too hard and this still looks like a corrective reaction to me. There has not been a single pull back, so this...

$MCD - RC -

$MCD is very strict on its trend, it has been in the same trend channel for the last 10+ years, only to drop out once due to a black swan event in March 2020. It has already rejected at the top yellow trend line already so it may come down to the centre yellow trend line next or worse case scenar...

$LULU - RC -

Another popular stock, no changes here however to our count but an update needed as it has broken nicely out of the downward trend and still holding very well, it may come down to test the yellow trend line again before going higher. So far, I like what I see and their brand and earnings are kill...

$KO TOP 20 UPDATE

Really enjoying this pullback here, as the market rallied yesterday, $KO declined, it is normally seen as a safe haven. Our chart is still showing a lot more upside here, so it will be interesting to see how this safe haven responds if the market turns bullish.

$HHC - RC -

Holding well here on the 200 Day MA so it may be possible that Wave b subwave is now complete and we can see a move up next to complete this corrective wave. It looks positive for the remaining part of the year but my count is showing a decline next year.

$GRAB - RC -

It has been awhile since I have uploaded this chart so I wanted to check in on it, earnings reported negative and it took a large decline afterwards, however it is in line with our expectations for this stock, there are no changes here to this chart, we will be watching to see if it can hold the ...

$FVRR - RC -

A favourite amongst some of our members, it found support at our previous low blue support line and has bounced well so far, I would like to see this continue up to test the 50 and then 200 Day MA next, likely part of an overall ABC count, so although corrective in nature, there is still a lot of...

$FOUR - RC -

Continues to behave well after bouncing on our Wave 4 target line, again I really like the structure here, the waves are moving very well and using the Fib levels perfectly, so more of this and we will be happy, above the 50 Day MA next would be another positive move and this should continue up t...

$EL - RC -

A brand I like to watch and has been beaten up lately, which is what we expected as our chart was showing a decline to the blue line before they reported their negative report, a strong show of strength at the support line and this could bounce very well. 

$DRV

Oddly there has been a wave of optimism towards the market over the last 2 days but the DRV remains strong, maybe the market feels like it will perform well but real estate could take a hit, will be interesting to see how this develops but I'll let the chart guide us.

$BABA UPDATE

5.5% pull back today after bouncing above the previous low where we needed it to, nobody mentioned the 12% jump but a lot of people spoke about the 5.5% decline and of course, declines hurt a lot more than the joy of seeing a bounce.

That being said, we need the dust to settle to see what t...

$AAPL TOP 20 UPDATE

No changes here but it is good to show how the most influential stock in the market is behaving.

It is pushing the upper limits of this wedge now, looking tight but still showing strength, I think the Wave B point can still be reached. It would be absolutely remarkable if $AAPL can go from ...

$TSLA TOP 20 UPDATE

Has been quite strong over the last few session, it has broken above the wedge now, it is above the 50 and 200 Day MA on the 1hr chart and the last test will be the previous high at $177. A break above this and it can hold, then Wave 2 could be complete.

As I have said a number of times now...

$TGT

$TGT reported yesterday and although it reported a positive earnings, it was overshadowed by its rival $WMT who performed better over the same period and so $TGT has declined by over -4% today. 

There is no change to this chart, it was already outside of the wedge and below the 50 and ...

$UBER

Holding above the yellow line which is the previous high support line now. If it can continue to hold this level, it can continue up to $42.22 before it is tested again, a breakout above this level and we are into the bull case here and the Wave 3 target is $48.

$XLE - RC -

Breaking down from this long trend line that has been in place since October '20. It may have another chance to get back into the wedge though. However, if it continues this decline, it can move down to $69 and then ultimately lower by next year.

$CELH - RC -

Parabolic move after a excellent earnings report on the 9th of May. The Celsius story has been remarkable, from $3 to $133 since April '20 till now. The fundamentals do not merit this share price right now either but it does have an almost cult like following, so this is very encouraging for a br...

$SPY TOP 20 UPDATE

The positive news announced yesterday that both parties are in the room discussing a potential delay to the debt negotiations has given some positive direction so far. The price has climbed all the way up to the $418 blue line today which it has not been above this line since August 2022, it has ...

$AMZN TOP 20 UPDATE

Really happy with $AZMN here, broke out and retested the red trend line and has taken off, following our Wave 3 very well and approaching the 1 Fib level now at $120, it may take a slight pause here but if it can break above, there should be no reason why this can not continue higher to our Wave ...

$ABNB TOP 20 UPDATE

$ABNB continues to show strength since bouncing at our Wave 2 level and from our buy zone, I have mentioned a few times here that I have added also.

I am watching to see how it behaves at the 50 Day MA at $111.60, a break above this then the 200 Day MA is next with the bull flag together at...

$TDOC

It is important that $TDOC holds the 0.88 FIb level at $23.97 and so far it has been doing that, it has bounced and consolidating slightly, next we want to see it go above the 50 Day MA at $24.65 and then out of the bull flag, if it can break out of this bull flag at $25 and hold above it, it sho...

$NIO TOP 20 UPDATE

$NIO continues to be in a world of its own now and is going through the motions of following our count.

The $8.04 yellow line has been a tough rejection line for $NIO and we can see that it rejected twice here and on the second rejection it has moved down abruptly, we are happy to see this....

$MU - RC -

Ascending triangle formed right now, it is looking like it may be ready for a breakout here to follow the green impulse wave, can $MU follow $NVDA and $AMD and not $INTC? it is possible if it can break out here above shortly......my one concern here is that $MU have a current PE of 46 and a FWD P...

$BOC - RC -

Very clear impulse ABC in red count, followed by a second corrective wave WXY count in amber. It is vital that this price action now holds this blue line, as I have noted on the chart, a failure to hold this line and it will likely come down to the next support line in blue at $14.52. If it can h...

$SQQQ - RC -

With the $QQQ pushing higher, this short QQQ ETF is really struggling and lost the critical final support blue line at the previous low at $28.22.

I have Fib levels set in amber where it could possibly find support, $20 is the next support if it can not recover shortly. 

It will ...

$DISH

Continues to follow the downward trend of doom, it has been relentless since $45 and sitting at $6.70 now, the blue support line seems like the potential target at this stage.