The Long Investor

$ETH - RC -

Nothing has changed here since the last chart, it has not moved above the blue line since and like $BTC, it is likely to continue its pull back, a good move here for $ETH will be pulling back and holding above the wedge. The structure is not looking bad here, just at the 50 Day MA and above the 2...

$EOSE - RC -

Earnings after the close today, so again a lot will come down to their report. Negatives earnings for each report in 2022 and then finally a positive one to start 2023, let's see if they can capitalise and move on another positive earnings. The price action is in a good position to benefit from t...

$ALB - RC -

There are a number of s positives I like about this chart, the green impulse wave shows a clear 5 waves up, followed by 3 ABC waves down, the 200 Day MA is cutting right through the 0.5 Fib and 0.618 Fib levels too, so this is an area where you should watch for a possible bounce, to start the nex...

$CHPT - RC -

Another stock that needed to hold the blue line and our Wave B in order to stay safe and achieve some potential upside. So far it has reacted well since holding support, bulls need to step in here too and show some more conviction and form a structured count next.

$FUBO - RC -

The 0.618 Fib line held remarkably well and has bounced nicely to come up to the yellow trend line that has been in place since Sept '22. Bulls will want this to break out next or if it rejects after hitting this line perfectly today, it could come back down to the 0.618 Fib Line again.....for no...

$MP - RC -

In the last update for $MP, we were looking at a potential support level at the yellow trend line going into earnings, earnings reported and it was positive, so it has held and bounced, still a lot to do here but it was vital that that this trend line held. Would like to see more of this strength...

$SPCE

Held the blue line and retested a number of times and found support, jumped today on news that the next test flight will commence in Late May, earnings are due tomorrow but I don't think much is expected from their earnings. The chart remains the same, it needed to hold the blue line and it has d...

$PYPL - RC -

Earnings report after hours and it was a positive beat but guidance disappoints and is down -5% in after hours. I think the story here for $PYPL is a positive one but in the short term, it may still come down to our bear case and buy zone. It has struggled to break above the yellow trendline sinc...

$NIO TOP 20 UPDATE

$NIO has stayed below the 0.38 Fib and I think this is still working its way through the Subwave 4, so I will not be surprised to see another attempt at the 0.5 Fib which the 200 Day MA is just above it, so both of these levels combined could be a good resistance level. 

RSI is showing...

$BABA

Very little has changed from the $BABA chart, it is holding above the 0.88 Fib support so far. The RSI is showing a positive movement out of the oversold territory above 30 now and the MACD appears to be reversing now too. Still a bit to do but it is at least holding support, I would like to see ...

$TSLA TOP 20 UPDATE

Moving very well and following our count so far, still only 3 waves visible now since $152, so this can still move up to the 0.618 Fib where the 200 Day MA is sitting at now. If it can comfortably break above the 200 Day MA and hold, it is possible that Wave 2 is complete. 

$ABNB TOP 20 UPDATE

Very nice movement today, breaking above the bull flag and finished comfortably above, earnings are due tomorrow so many are expecting a good report. It will be interesting to see if the price action can stay above the bull flag tomorrow before the report after hours. My commentary from the weeke...

$NU

It has been awhile since I posted $NU but this is working its way through our corrective waves, I am not seeing much in terms of an impulse wave being formed here and the latest rally since the middle of March has been quite strong, so big test coming up at the blue line now. I suspect it may rej...

$GM - Alternate to $F

A little further on than $F right now, it has already broken down from its channel and looking to retest it again now, rejection here and this drops down to the bear case and buy zone. As before, this is my alternative to buying $F, both are following each other nicely.

$TAN

Broke down from the wedge and now retesting it to see if this former support line is now a resistance line....if it fails and rejects here, this will likely come down a lot more and probably aggressively too...if it can flip it back to support, it may be able to work its way through the wedge and...

$H - RC -

It is a good time to be in the hotels industry, since they bottomed out in March 2020, they have just be on a steady rise since and rightly so, hotels are packing out and tourism is booming, people feel the need to travel now after being restricted for so long....in spite of how expensive it is r...

$UAA

This corrective wave has been relentless, it hit our Second Target perfectly, which was also Wave 5 and has just been pulling back aggressively since, the 0.78 Fib will be an important level to watch here for support and hopefully it can start another impulse wave after this. The bleeding needs t...

$PLUG - RC -

No changes here but to highlight that we are close to the bottom trend line in the wedge and this was a point I was expecting a bounce, so earnings are due on the 10th, this may be the catalyst, so definitely one to watch.....I don't advise to play the earnings game but a lot of upside if the ear...

$RIOT - RC -

Like $CLSK, the the green impulse wave is still on here, I am watching for a bounce at the green line, the chart looks a lot cleaner than $CLSK now too, so I have just got the impulse wave here. If it can not hold the wave 4 level and loses the 50 Day MA which appears to be heading for my wave 4 ...

$SKX - RC -

The chart speaks for itself here, above the 50 and 200 Day MA here and following the green impulse wave very nice here, zero changes to this chart, next big test will be getting above the parallel top line and a clear break out and it is hard to see any other direction bare straight up to Wave 3....

$FTCH - RC -

Still working its way down the red channel now, struggling or doing its best to hold the first target support line, if it can now hold this line then the second target below is next....if the price however can move sideways until the red line and survives the pressure from the 50 Day MA in blue, ...

$FDX - RC -

Following our impulse wave nice here, rounding out a but at the 1.618 Fib like we expected so I want to see a healthy pull back now for Wave 4, which is sitting just above the 200 Day MA, I expect this to move up as the price action moves down.

$FCEL - RC -

Just keeping within the parameter of the wedge now and testing the upper limit here...a breakout and retest is what the bulls are looking for here, this is a high risk stock right now after a number of bad earnings. Below the wedge and the target below is quite low and grim.

$EL - RC -

I have eliminated the impulse wave from this chart as it is invalid but the corrective wave remains the same, almost at the blue line target and a hold here could see this bounce for Wave C in amber and stay within the blue range. This bounce is a corrective bounce, so as a short term play, it ma...

$CVS - RC -

I am still surprised to see how $CVS is struggling this bad but a break down out of the channel was never going to be a good sign, working its way through the target support lines now in yellow, the second target looks inevitable here, if it can find support at this level, it is possible that it ...

$CLSK - RC -

Both impulse and corrective waves are still possible but bulls should be encouraged that the 200 Day MA was held, another good few sessions could push this above the 0.78 Fib where red Wave 2 is and $CLSK will be in a stronger position. Rejection beforehand and it is likely coming down.

VOD

Continues to follow our chart very well here, I still expect another low and final leg down to complete this Wave C and Subwave 5. Holding the blue line and showing support, we could then see the start of its next impulse wave and this would be a nice position to add. This is also a slow mover bu...

$MSFT TOP 20

Like $AAPL, $MSFT has been following the impulse green wave so the chart can do the talking here, the next resistance level is at $319, we continue to wait for Wave 4 to complete next, Wave 3 has extended slightly so far and this likely as a result of their positive earnings and a second bounce f...

$QQQ Top 20

As I have said a number of times now, if $MSFT and $AAPL are performing well, this will continue to mimic both of these charts. Big Difference between this chart and the $SPY chart and $GOOG chart, where both of those charts are struggling to show any impulse structure, they are moving sideways, ...

$NKE TOP 20

This continues to perform the same way as $META did while it was moving through its Wave B, it have been slow but the trend is very clear. I am watching for a break above the previous high next and the upside targets should be reached, this chart has not changed in months, so I continue to trust ...