The Long Investor

$PTON - RC -

Continues to follow our chart exactly as it moves down Wave 5 here in amber, watching for support now at either the Wave X in red low or the blue line, finding support here, I will be watching for this to build up strength again and slowly start to move back up. I am seeing more PTON bikes in gym...

$SYM - RC -

Two very large excessive moves over the last year, we know from experience and seeing many charts like this that the likely move next is not more upside, there needs to be a balance here so once Wave C in red tops out, I will expect to see a 5 waves move down count. These moves up are great when ...

$RUN - RC -

Very little to update here, still following our chart and looking to test the yellow trend line shortly, a break out above and this is bullish but a rejection should bring this down to Wave 5 in amber or test the previous lows. Earnings will be on the 3rd of May, so maybe with a positive earnings...

$MP - RC -

It has been in an aggressive down trend since $TSLA rug pulled but I suspect the pain will end shortly and I have Wave 5 in red finishing where the earnings are due....as I have said before with $MP, their fundamentals are quite strong, so a solid earnings and this is in a good position to turn a...

$HTRO - RC -

It has lost the crucial yellow trend line which has been a support for a number of years now and we can see that the moment it lost the 200 Day MA, it has moved down aggressively, we can also see that the 50 Day MA has crossed down through the 200 Day MA too, which is a bearish indication. <...

$CFLT - RC -

Moving sideways through the blue line range here since May last year, just struggling now with the yellow trend line, if it does not hold here then I expect this to come down and continue within the range to Wave B in red. Only when this breaks above the top blue line above $34 will this be into ...

$ASML - RC -

Testing the wedge trend line now but it looks like it will need to break down from this trend line for both bull and bear case scenarios, I have added in the Fib lines where I would be watching for support in order to move up through the green impulse wave....failure to hold any of these Fib leve...

$NET - RC -

Nice structured pull back and what we were expecting too so no changes to this chart, will need to hold the 0.618 Fib or below it will show signs of struggling, we are not there yet tho. So I am happy with this count and I continue to lean towards the green impulse count.

$NNDM - RC -

No changes to this chart, sideways movement here since September last year and coming back down here to our blue line again, will need to hold these support levels to bounce, otherwise it is into the bear case below and the first target in the bear case is at $1.40

$DRV - RC -

Last time I uploaded this, we spoke about it needing to recapture the 0.65 Fib and so far it has done this, it managed to stay above the 0.618 Fib at the end of close today too, showing strength where it needed to so the count is still on here, just above is the 200 Day MA on the 1hr, if it can f...

$ARKK

$ARKK has been feeling the heat too as the price action keeps working its way down through the Fib levels and not finding much support, below $35.48 and the next test will be the previous low, if this is lost then we will likely see $30 again here.

$HD TOP 20 UPDATE

Nice rejection at the 0.38 Fib, almost down to the cent. 50 Day MA was lost today too, so I will need to see Subwave 1 and at least the start of Subwave 2 to confirm that we are in Wave 5 in amber now but certainly off to a good start!

$GOOG TOP 20 - EARNINGS

$70 Billion repurchase of its Class A shares!! That will certainly help!

$AAPL TOP 20

Lost the yellow trend line support today and the 200 Day MA is just below as a potential support line next, earnings are not until the 4th of May so there is likely to be more movement until then, $MSFT and $GOOG should get a relief bounce tomorrow as they reported a beat today each, I need to lo...

$TSLA TOP 20

Kept under the yellow trend line today, which was the previous support low, so it is acting as a resistance line so far which is in line with our projection. All eyes continue to watch for the important fib levels at $159 and $146, this is the range where the $TSLA bulls will be hoping it holds s...

$MSFT TOP 20 - EARNINGS

$VIX TOP 20

VIX finished the day 12.3% up at 19.02 after hitting a high of 19.86. Clear breakout of the descending wedge, and testing the previous local highs....MSFT and GOOG just reported earnings and both were a beat, this will help to settle the market after a difficult day for the banking sector and a n...

$BABA

Relentless selling pressure here for $BABA and Chinese stocks, that being said, US stocks are majority red today and the large/mega cap stocks are struggling the most. The 0.88 Fib remains the last support line to salvage the green impulse wave, and below the red line at $78.....this is likely to...

$JD - RC -

Just at the blue line now which is the previous low, about to enter the bear case and the buy zone if this support is not held....I doubt it will be held. The buy zone is quite large here, going all the way down to $19, so no rush in here while the trend is quite strong.

Chinese stocks are ...

$CLSK - RC -

Is following the same faith as the $MARA chart I uploaded yesterday too, the parabolic moves, combined with the $BTC selling pressure is bringing this down and after losing the blue line, it is looking weak now. It will need to regain the blue line to show strength again, until then, it is at ris...

$FSR

Bouncing well today on our first bear target, it would need to get back into the wedge for this to be a convincing bounce for me, so it would need to go above $5.25 and hold above there, a rejection at the trend line will likely bring this down, I am a big fan of $FSR so ill just be watching to s...

$NVDA

$NVDA, $AMD and $INTC have been pulling back and some have been looking weak, $NVDA is still below the 200 Day MA, below the bear channel now too, we have been here before and it bounced but ultimately, it needs to come down for both the bull and bear case. $AMD is the only semi company where the...

$BAC

Like I said before, I do not think it is over for the banking stocks decline yet, the larger banks have done quite well but the smaller banks are struggling and this earnings season is showing that....likely to put enormous pressure on the sector. $BAC down to $23 would be very attractive for us,...

$AMZN TOP 20 UPDATE

The 200 Day MA has just stopped this from testing our red trend line and it is likely to stay as a resistance line until the earnings are reported until tomorrow after hours and we will know if their earnings are positive or negative....a positive earnings and this may go into the bull case, a ne...

$ABNB TOP 20 UPDATE

Continues to move through this channel downward, what we will be watching for is the blue line and the 0.618 and 0.65 Fib levels for support, below the blue line and we are into the bear case and buy zone. So far the trend is not showing a reversal towards the bull case so I suspect this will con...

$LCID - RC -

It is a tough day for EV and car manufacturers and $LCID is not immune from this, I said yesterday that the $LCID chart is not looking great and the previous low is at $6.09, if it does not hold this level, which I do not think it will, it should come down to our $5 Target.

$PLTR TOP 20

For me, losing $8 was a blow for $PLTR, it has gone below the important support trend line, the 0.78 Fib and the 200 Day MA when it went below $8, so I do not like how it is trending now, the bear case and buy zone is below $7.10 now and it is looking like this trajectory is likely now if bulls d...

$NIO TOP 20 UPDATE

No changes here and it looks like this has come very close to out subwave 3 target, which is the 1.27 Fib at $7.47 and it hit a low so far today at $7.60.

Finally the $8 line has been broken down and we have said a few times this week that we did not believe it would hold for much longer. 2023-04-25 15:32:30 +0000 UTC View Post

$DM - RC -

Continues to hold strong and show strength, both corrective and impulse waves appear to be on the same trajectory still, at least to $4, so if the price actions continues to hold the 0.38 Fib level, it has a good chance of going higher here. 

$GME - RC -

Zero changes to this chart, since it went parabolic and left that large gap behind, ever since then and hitting the 200 Day MA, it has moved down to fill the gap, overall, if $GME loses the wedge trend line support, the $6 price target is still below.