The Long Investor

$GOLD TOP 20

Gold is starting to show its true colours now, as we hit an all time high this week and anyone watching how the regional banks volatility is unfolding will not be surprised to see Gold doing very well. There is potentially more upside here before a large test at the historical yellow line at $212...

$F TOP 20

This has been looking weaker and weaker as it moves through the wedge and comfortably below the 200 Day MA and the 50 Day MA continues to be the dominant resistance line. Very close to the lower trend line in the wedge, a loss of this line and the blue line is very close, I will continue to wait ...

$COST TOP 20

The 200 Day MA remains the resistance line here and the MACD is showing a bearish trend, so there remains no changes here either, I suspect this could continue working its way through the wedge until the either the top or lower trend line is tested. A breakout above or below and the targets are s...

$BTC TOP 20

Nothing has changed here but I have been asked to show this chart on a longer time scale to see what the potential is here a year out from now. Still waiting for Wave 2 to pull back more, just holding at the 50 Day MA now. Gold has been performing very well lately, so we will see if Bitcoin and G...

$TSLA TOP 20

$TSLA has bounced since $152 and the commentary I have said for each chart remains the same. Wave 2 could be complete now but I have left the chart count as it is because there is still a possibility that the gap at $146 could be filled. The bounce from $152 has 3 waves in it so far, so this is c...

$GOOG TOP 20

$GOOG has intrigued me for the last few weeks because the set up here hasn't changed and the indications are mixed across the board. RSI and MACD are showing a bearish trend together since the stock has moved sideways, the price action continues to work its way through a bear flag too.

The ...

$INTC TOP 20

Working its way through what appears to be Wave 2 in amber, bounced at the 0.38 Fib, pulled back and bouncing again, which brings 3 ABC waves to the Wave 2 point.

What I am watching is the 50 Day MA approaching the 200 Day MA, a flip here is a bullish indication, but what will be important ...

$ABNB TOP 20

Earnings on Tuesday should decide its next direction, it is just stuck now in the bull flag and at the 50 Day MA, a lot of sideways movement over the last few months, so a positive earnings could be the catalyst this needs. A positive report and this will likely break to the upside and potentiall...

$AAPL TOP 20

Letting the chart do the talking is important here, in spite of this ascending wedge, shallow pull back to the 0.38 Fib (although valid), this has been following the green impulse wave and it is above the resistance lines that have held this within the yellow channel since the start of 2022. The ...

$ENVX - RC -

In the last update, I showed that this is in an impulse wave, so far it has been following it nicely, next test above will be going above the 200 Day MA,  if Wave 2 is complete, I suspect it will pull back first before attempting to go above the 200 Day MA, so watch for where it holds suppor...

$DKNG

Has got that breakout and has just taken off after a positive earnings, there has been no changes to this chart for a number of months now, I've attached the last update too. Looking very good here.

$V - RC -

Has bounced very well since hitting the 0.618 Fib, which makes it likely that an ABC count is complete, so I have added in the green impulse wave. Breaking above the previous high, at the blue line and this is into the Bull Case. The amber corrective count is still a possibility, especially if it...

$ABCL - RC -

It's been a long time since I've uploaded this chart and it's always good to come back to a chart and see that has been following our target projection nicely. I am looking at the 1 Fib now at $5.40 to hold and if it can, the next count is a bounce, as always, we want it to hold above the blue li...

$SHOP

$SHOP has been perfect, hit our Wave 5 target and many members made a lot of money here....here comes the other side, we need to prepare for a pull back now and the parabolic move is a little red flag too. I have provisionally added in an ABC count for a shallow pull back but I will need to wait ...

$SBUX - RC -

This was showing a lot of strength leading up to earnings and broke above the wedge, earnings reported and although it was positive, the fundamentals do not regard this as an undervalued company right now. I has assessed that if the chart can pull back to my bear case and buy zone, this would be ...

$BNGO - RC -

Earnings expected next week, possibly on the 11th. This needs a positive catalyst to turn this around, still in a descending wedge and between Fib levels, so this is likely waiting for some news to determine its next direction....hopefully the news is positive, if it is not and it loses the next ...

$NVAX - RC -

Nice structure, moving slow which is a good sign, no silly reactions. I like that it has held the 0.65 Fib and now above the 50 and 200 Day MA as we approach earnings on Tuesday, needless to say that if the earnings are positive, this will probably react very well....and a bad earnings and the st...

$META - RC -

Very little has changed to the plan here, we are not seeing this runaway pricing since the earnings, we are seeing it just struggling with the 0.618 Fib at $235. My count remains the same, this structure is not an impulse count, it needs a substantial pull back, I had added white Fib levels to sh...

$BAC

Our chart continues to show that there is more downside for large banks, highly unlikely that the banking issues are gone now completely....regardless of what has been said from the Fed to reassure, their comments of reassurance has not helped so far, ultimately the market decides.

$DIS - RC -

Earnings on the 10th, this is being held below the 200 Day MA and the reaction to the parabolic move from the start of 2023 is still completing, so I still expect some downside here, the earnings of course will be important but overall, I feel there is still more downside to come, regardless of w...

$COIN

Having a great day after a surprise beat on earnings, I am not inclined to change the count here however, it has regained the red support line but it is still below the 200 and 50 Day MA which are moving around the blue line....this to me would be a strong resistance level, so the count remains u...

$FSR

I am cautious here still but there has been strength and nice movement here, it got rejected at the blue line but pulled back to the 0.618 Fib which was on the trend line and then bounced, it will likely test the blue line again....flipping this from a resistance line to support line will be posi...

$AMZN TOP 20 UPDATE

I will update the the Top 20 list this weekend as normal with a longer commentary but I am constantly watching $AMZN in the back ground to see how it behaves when it hits the red trend line, the 200 Day MA in yellow continues to offer support here. If this can break out above, I will be tempted t...

$OXY

$OXY I feel needed to show some strength this week and so far it has responded well, the impulse count in green is looking good. We know this is a slow mover, that is why we bought it, we are never going to get wild swings here, where it is up 15% or down 15% on the day, so there is never a reaso...

$NIO TOP 20 UPDATE

Bouncing strong, no pullbacks and moving straight up, it broke above the yellow resistance line but if we plot Fib levels from the previous high and previous low, which I've done here in White, we can see that the price action stopped out at the 0.38 Fib line, which is common for a subwave bounce...

$DAL

Across the market is green today, this has been slow moving but holding the trend lines and still in the smaller bull flag. Happy that this is holding its structure and important support lines, I have bought here and this is a long term hold for me, I will look at this again if my support lines c...

$UBER - RC -

Positive earnings today and as $LYFT continues to struggle, $UBER should continue to gain market share in the US. Price action has just moved above the previous high, it has not held above it yet but showing positive signs....the structure is certainly not a clean impulse wave so I can not rule o...

$DOGEUSD - RC

This is not showing as much structure as other cryptos right now, the count is still corrective, mainly due to that parabolic move in November, these sort of movements can ruin the strength of a structure, as people panic and sell in order to not lose any gains....this causes a flurry of selling ...

$ALLY - RC -

This has bounced and pulled back but continues to follow our count, Wave B looks complete now since it has pulled back to a new low but I don't consider Wave C complete yet, two Fib levels to test next, Wave A was quite long, so it is possible that Wave C can be long too, so I expect both the Fib...

$SFOR - RC -

No changes to my previous chart, it has come right down to my Wave B point in white, it either bounces here or comes down to the Wave B in amber and needs to hold the blue line to validate the counts....below the blue line and both counts are invalidated. Following our count so far very well.