The Long Investor

$MSFT TOP 20

Nothing to update here at all, it looks stronger than $AAPL and I still think it can move higher to complete Wave 3 before it pulls back, the structure has been very controlled so far, so I expect the pull back to come as shown, it may go above or pull back slightly lower than the target but it n...

$KO TOP 20

Price has pulled back since the earnings and continues to move down and we want to see an ABC structure now, so far I believe we are still in Subwave A, my only concern here is that we are in Subwave 4 now and not the ABC count after completing 5 Waves. 

The Subwave 4 was still very sh...

$INTC TOP 20

I continue to be happy with what I see here, it got heavily rejected at the 0.887 Fib and we have seen a lot lately that other stocks are finding support at the 0.887 Fib, so it is not a surprise to see this Fib level as resistance level too lately. 

It has lost the 200 and 50 Day MA n...

$F TOP20

Itching closer and closer to the bottom of the wedge trendline now, we can see on the $GM chart that this trend line support has already been broken and it is struggling to retest it again, meaning it will likely go lower, with $F I expect the same result.

Losing the trend line and more imp...

$BTC TOP 20

I have been asked to upload the long term chart of Bitcoin, since the chart has been following our count nicely, it is a good time to show Bitcoin on a larger scale.

So What Now?

The plan remains the same here, we are watching for Bitcoin to pull back to the 0.5 Fib a...

$AMZN TOP 20

A lot of positives this week. It has held the 200 Day MA and broke above the red trend line. It has moved very well, along with $GOOG, as both of these companies took the limelight from $AAPL and $MSFT this week, it may be their time, as both have not had their aggressive moves yet.

For $AM...

$AMD TOP 20

I have updated this during the week so I think we know the plan here, I have added in the subwaves of Wave 5 here, I believe it will finish as an ending diagonal, where we see the waves overlap each other.

It is above the 50 and 200 Day MA here, so the bull case is still in control here, th...

$AAPL TOP 20

The bulls have really came out for $AAPL over the last 2 weeks, it managed to break above the historical trend line and above the ascending wedge, which is typically a bearish formation. That being said, it finished the week back in the ascending triangle, so we can not rule out that the break ou...

$HON - RC -

Very nice chart here, simple ABC corrective wave here, it has lost the 200 Day MA and the price only went above it and did not come close to the previous high, so naturally the selling pressure came in next, $HON are big players in the aviation sector and contribute to a lot of aviation equipment...

$HAL - RC -

I have not uploaded this chart in a number of months so it is good to check in on it to see how it is going and it has been following our chart very well. Pulling back now too as part of its Wave 2, so although the pull back seems aggressive, it appears this way as the ABC count of Wave 2 counted...

$H - RC -

Hyatts chart has been calm, composed and ascending very well since the lows came in when covid stopped the world, shortly approaching Wave 5 at the top of the trend line now, so this will need an ABC corrective pull back which will be Wave 2 of an impulse wave, like $WYNN, this has been moving ve...

$CRSP - RC -

Since their earnings, this has gone parabolic, the problem I have here is that it is following my count but naturally I do not like to see moves like this but it is doing what we expected, so we will see how this goes, I expect it to pull back for Wave 4 shortly, so if it can compose itself, it m...

$AR - RC -

Following our chart well here, it may bounce again to complete the Subwave 4 count before going lower, we know that from the moment it dropped out of the wedge, it was in a difficult downward trend and their negative earnings in May reinforced the concerns.

$NFLX - RC -

No changes here to the count. The concern here has always been that, the price has dropped from $700 down to $162 in a very aggressive drop which is a Wave A drop, so the bounce that we are experiencing is likely Wave B, we can see that this bounce started in April last year, a lot earlier than t...

$TALGA - RC -

I have two possible outcomes here, both are corrective waves and this is mainly due to the time this company has been on the market, I need more price action to determine whether or not this is in an impulse wave, so for now, I would lean on the side of being cautious. A break above the blue line...

$NATGAS - RC -

What I like about this chart is that it has followed a very strict impulse wave up to $10 and a textbook corrective ABC wave down. It is very much consolidating sideways at the moment and I suspect this will continue for the foreseeable, it is within a very tight range here too, as long as it sta...

$SGMO - RC -

Large wedge and downward channel here, it has gone below the blue historical support line that has been there since it IPO'd. So it is still in the downward channel but has lost the large wedge. Looking weak at the moment, so will need to find support soon, next possible Fib support level is at t...

$GTLB - RC -

Broke down from the blue lines range lately and down out of the wedge in the shorter time frame, it is trying to recapture the wedge here but having difficulty getting above the blue and has been rejected since trying to recapture it, it may have another attempt. If it rejects again, the Fib leve...

$ETH - RC -

Like $BTC this will continue pulling back as we expect, I am seeing some butchering of the $BTC and $ETH charts online and I am surprised to see that very little have gotten this right so far. Subwave C in amber is looking like it will meet the 200 Day MA, so this is certainly the area to watch f...

$DKNG - RC -

Corrective wave is now eliminated as this has just been stuck to our impulse wave, still more upside, and from what I can see from their aggressive advertising around the US, they are doing a very good job with their brand awareness. 

$DRV - RC -

Moving sideways with the market but maintaining the very tight range between the 0.618 and 0.65 Fib, the 50 Day MA is just sitting above the 0.618 Fib....if the market goes down, this will go up.

$GPS - RC -

Impulse wave in green has been eliminated here as the price action has gone below the previous low, this may come all the way down to the blue line now but their earnings report is between now and then, so a successful report and this could start its ascent sooner. 

Earnings report in ...

$TDOC

Interesting development with $TDOC. Usually when we look for a pull back for Wave B, its pull back is shallow, for $TDOC so far, it has been a steep pull back, more like a Wave 2 pull back and even more interesting is that, if we use the Fib based extension, which is what I use to find the Wave 3...

$NIO TOP 20

What a difference a day makes. Down below that $8 'support line' and below the 50 Day MA too. So we are watching next week for a movement down for Subwave 5, it may have started already. 

Once this is confirmed, we'll be watching for the buy zone again and this time, it should move dow...

$TEF - RC -

This is a very slow mover, it has taken a number of years to move down this Wave C in red and through the subwaves, so I suspect it won't be complete until the end of this year. If the bottom came in at $3.14 in October 2022, this meant that Subwave 5 would have been very short and unlike its pre...

$TSLA TOP 20

We spoke yesterday of the importance of the 200 Day MA and for it to be a potential resistance line, after the announcement of the CEO late yesterday, the share price reacted positively but got quickly rejected after the opening today at the 200 Day MA, the share price is just sitting between the...

$PLUG - RC -

Getting very close to the yellow trend line here, holders or bulls will want to see this bounce as shown, the 0.618 Fib is just at $6.45 below too, so there is some support here, it's whether or not the bulls want to step in here or not.

Failure to hold both of these support lines, it can c...

$MARA - RC -

Very little to report here, on both cases we showed that it would not go above the 0.38 Fib and that has happened and rejected heavily, for now it is following the amber line unless it can find support at the 0.5 Fib at $7.45, failure to find support soon and it will continue down the 5 correctiv...

$PTON

$PTON has come all the way down to our Wave 5 spot and at the Blue line which was the previous low support. Normally I would be add a corrective at this point but after another terrible earnings, I will watch where this can hold support first, a failure to hold this Blue line and it can move down...

$BAC

Continues its decline and through Wave 5 here, $26.32 is the previous low, so a break below here and the next support is at the 1.618 Fib at $25.60 and then further down at $22.90.....if we can get $BAC at $22.90, I will be happy to buy here.