The Long Investor

$TUP - RC -

$TUP is in need of financial assistance and the longer it takes for them to secure funds the more damaging it will be on their share price. It has lost the previous low now and enroute to my original bottom at $1.12 which is the blue line. I have added in potential support levels that $TUP will n...

$HNTUSD - Crypto

Very little is positive here in this channel except if this breaks out, then there is good upside to the targets above shown, if it comes back down to retest the blue line again and loses it, it is in trouble and may proceed down the channel again.

$MDT - RC -

Parabolic move here over the last few sessions, this is usually found in an ABC count, especially when Wave B came back to retest the lows again and did not hold important Fib levels that we would expect to see for a Wave 2.

I have left in the impulse green count because it did at least hol...

$MARA - RC -

$MARA has just been held by the 200 Day MA now, since this is potentially the start of an impulse wave, a leading diagonal can happen, whereby waves (in green) can overlap each other. The issue here is that the the selling pressure that the cryptos are experiencing is negatively affecting these c...

$ZM - Lesson note -

As we spoke about $ZM earlier in the Telegram group, I mentioned that $ZM was in the buy zone, members had said that they had started positions and although we had not hit the bottom of the buy zone, once the price enters the buy zone, it is consider a buy. 

A buy zone is where I have ...

$INTC TOP 20 UPDATE

Another Semi company that struggled today and very much back in the range now we have been familiar with since October last year. I will be watching for a bounce at the 50 Day MA for possible Wave 2 in amber and then watching to see how it behaves close to the yellow trend line again which was a ...

$AMD TOP 20 UPDATE

Still glued to our trajectory here and coming very close to our 1.0 Fib level shortly at $85.10 as a potential support level, struggled to hold the 50 Day MA today too, so likely will continue down further, I will update this more regularly as we continue to watch how this develops.

$NIO TOP 20 UPDATE

Red day for $NIO but basically flat for most of the day, as we got a little sideways movements, still working through this subwave 3 in amber for now. $TSLA had a difficult day too as the selling continues but our chart was showing this was due anyway, so no surprises there for us.

I'll con...

$NVDA

Out of the bear flag again and now testing the 200 Day MA, this has not happened since the middle of March, where it did hold and bounced extremely well.....so if it does not hold this time, we may finally get to see Wave 4 happening. 

$COIN

Really struggling today, -7% and on a fast track to the red line now where the previous low was, bulls needs to try and hold this line to salvage the green impulse wave. It appears that the Bitcoin price action is weighing on this now. 

$OXY

So this is a good opportunity to watch how a level is acting as support.

On the 1hr chart here, the yellow line is the 200 Day MA and for long term holders, the 50 Day and 200 Day MA is what we watch for most, these are trend lines.

We can see here that the price action hit the 200 Da...

$TDOC

Hit Wave 3 at the 1.618 which is perfect, pulled back and held above the yellow trend line and bounced, so I am very happy with this, Wave 5 is looking long to bring this up to the the top blue line, it is still valid as Wave 3 is longer than Wave 1.

$BABA

Few concerns here with $BABA so I'll upload the chart again with some commentary, we are watching for the gap fill now and then 0.78 Fib at $84.85 here, below this level and we have the very last Fib level at 0.88 at $82.26. When a pull back gets as low as the 0.88 Fib, it means it is struggling....

$TSLA TOP 20 UPDATE

Behaving very nice here down our subwave 3 as we expected, will be watching for this subwave to complete shortly and a then a move up for subwave 4. I see a lot of people in our group and online are waiting for that $146 0.618 Fib level, this concerns me slightly, because when a lot of people exp...

$QQQ TOP 20

Sometimes when we look at the $QQQ chart, we can just see the amalgamation of the $AAPL and $MSFT chart, it is starting to look just like the $MSFT now, very similar setups. 

The RSI and MACD are showing the same signs as the $MSFT too, starting to show downward movement after hitting ...

$GOLD TOP 20

This has been the same chart for a number of months now, in spite of everything that has happened in terms of the economy and the global political issues so this is quite remarkable.

Rejected at the top trend line and the RSI and MACD are showing a downward trend now, just before where we h...

$COST TOP 20

The price action wants to test the top of this wedge and the market must feel that if we experience a recession, $COST could benefit from this. So I have added in the potential targets above if it breaks out of the wedge above.

So what we would be looking for here in the bull case, is a bre...

$MSFT TOP 20

Like a number of the Mega Cap stocks, the indicators are showing a reversal to the downside, this is very clear here on the RSI and the MACD. It has also struggled to break above the yellow trend line in this bear flag. We said last week that we are watching for the pull back, it has started alre...

$GOOG TOP 20

Rejected at the yellow trend line and 5 waves are clearly visible on this Y/B wave now, the 200 Day and 50 Day MA's are just below so these will likely be tested this week, earnings this week too. The set up and strict bear flag have led me to only one conclusion here and one projection. It appea...

$VIX TOP 20

4HR Chart here, if this was any normal chart, we would be watching for a strong move to the upside here next, the RSI and MACD are in a prime position for this to move higher, there is a number of resistance lines above that need to be flipped to support for this to make that move I believe....wi...

$F TOP 20

Nice rejection here at the 200 Day Ma, this is a perfect example of a rejection, the price hit the 200 Day MA, the yellow line, it tried to retest again and didn't come close to it, this is a second rejection and once this happened, it was clear that the price would come down lower, as the 200 Da...

$AAPL TOP 20

I have uploaded this chart during the week and not much has changed since last weeks chart too, apart from early signs of a rejection at the yellow resistance lines, it is also still in this ascending wedge, which is a bearish formation, $AAPL will not be issuing their earnings report until the f...

$SPY TOP 20

This has effectively moved sideways in a tight range since November '22, the price action has still not confirmed its direction, we are still looking at the resistance lines in blue and the yellow trend line from the wedge acting as resistance levels. It is likely that the market needs more infor...

$PLTR TOP 20

Like I have said during the week, $PLTR bulls really need to start showing their teeth now and stepping in, this company should be in a strong position to benefit from the AI craze and political tensions around the world but there appears to be a lot of sideways movement.

RSI and MACD are n...

$AMD TOP 20

Behaving very very nice here, pulled back where we wanted it to at the 1.618 Fib and coming down now to the 1.0 Fib level for Wave 4, there have been no surprises or changes to this chart for a number of weeks now and as I've said before, if this can hold at Wave 4, it is in a good position to go...

$KO TOP 20

This structure has not looked back since holding the right shoulder of this H&S pattern, we are just approaching the neckline now and it is at the 2.27 Fib level, we will need to see a pull back ABC corrective wave soon to help with this structure so I will be watching for this next.

2023-04-22 22:31:27 +0000 UTC View Post

$INTC TOP 20

I was particularly happy to see $INTC drop back down to range we have been in since October 2022, I think $NVDA and $INTC were being heavily bought as tensions between China and Taiwan were increasing, so if a conflict did arise there, this would have put these two companies in a very strong posi...

$HD TOP 20

$HD got a few people excited going from $280 to $300 but what I see now: the price stopped at the 200 Day MA, which happened to be the 0.38 Fib, which is also a common area for a Wave 4 to bounce to. I can see that the 50 Day MA has now crossed down through the 200 Day MA and we saw this on the $...

$BTC TOP 20

We have gotten the pull back we expected  and so far it has pulled back exactly to the 0.238 Fib, for this to be a proper corrective ABC pull back, this will need to complete 3 waves and so far I am only seeing one wave and it is not clear yet whether this is complete yet either. I will need...

$AMZN TOP 20

We spoke last week that this was in a good position to benefit from $AAPL and $MSFT and the other mega cap stocks, as they have all looked extended and $AMZN was still comfortably within the RSI middle range. It has stayed above the 50 Day MA but just below the 200 Day MA at $107.

Earnings ...