The Long Investor

$ABNB TOP 20 - Lesson note -

We are seeing a nice pull back now, in a bull channel, and the pull back looks to be aiming for the bottom of the channel which coincides with the 0.618/0.65 Fib levels, this will have it into the bear case and buy zone. If this can hold this level, I would be looking at a position here.

I ...

$LUNAUSD - RC -

In a wedge here and just starting to dip below the trend line, blue lines below are potential support lines and below the yellow trend line is the bear case. A recapture of the wedge and a break out above and there are potential upside targets as shown. A lot of volatility here, so proceed with c...

$NIO TOP 20 UPDATE

I have spent some time on this chart this evening because I want to make sure I get it right. Because of the nature of the drop from $10 to $8, this was a 20% drop and it was almost vertical in its structure, these movements are typically found in Wave 3's....so we are likely in Wave 3 of Subwave...

$MDB - RC -

Large flag here and testing the upper limits of it now, a breakout and there is potentially a lot of upside, so watch for the breakout of the trend line and above the blue line and you are into the bull case....break down from the flag to the lower trend line and you are into the bear case and do...

$BAX - **Important note -

I have attached the previous chart of $BAX and said to watch for a break out of the channel, it has broken out, retested the blue line and now moving up, very nice and structured here. I know a few of our members are watching this. I do like this company and its fundamentals.

**This is up...

$SQ - RC -

$SQ has so far been holding the 0.65 and 0.618 Fib above $62. The structure is looking like a healthy pull back too, just above is the 50 Day MA at $63.40 and the 200 Day MA at $67.60. Two big tests coming up, above the 50 Day MA and it is in a good position to move higher and certainly above the...

$APPN - RC -

Earnings season again so we are witnessing more setups that have a bull and bear case perfectly aligned depending on the result of the earnings, Wave 2 here looks to complete just at the earnings date, so if it is good, it should move up to follow the green line, a bad earnings and this could rej...

$META

The great $META is showing signs of running out of steam. Starting to move out of the large wedge its been in since $170, the RSI is showing a downward trend and a sharp retrace today, the MACD is also showing a bearish trend too on the daily....these are not positive indications, bulls would nee...

$RIVN - RC -

Lost the crucial blue line for support so I have added in potential support lines as it works its way down, I need to see it hold support comfortably and start showing strength again before adding in any further waves up, it does not have the buyers right now....that damaging report today for $RI...

$WISH - RC -

A glimmer of hope for $WISH fans, that $50 million buy back of shares has caused a 30% bounce today, which they are basically buying a substantial amount of the company back, has caused this to break out of the wedge. I do not recommend anyone to rush in here, it remains to be seen how effective ...

$NVAX

No changes to our last chart and Wave A looks to have held at the 0.38 Fib, so far, this corrective wave is moving nicely, we need to see it continue in this structure, if it goes above Wave B and more importantly the previous high, the corrective wave could be complete and it continues up again....

$BAC

$BAC just testing the blue line now again, it was a previous support and neckline and it was lost during 'banking crisis',  a break down here and it should move down for our amber wave 5, I had wave 4 topping out at $31.20 and it went to $30.90 so it is close to our projection.

$COIN

Breakdown from the trend line and the blue line now, struggling a bit. The Red line invalidates the impulse wave, which has been here since the start of March at $51, will need to watch for this next, to see if it can hold, if it can not, new lows may be tested again.

$DAL

Pulled back below the bull flag but in terms of EW Theory, it pulled back to the 0.618 Fib exactly today and held support, which happened to be at the 200 Day MA on the 1hr too....so the setup is very nice here, I do like it and it is one of my largest positions right now.

$TDOC - RC -

Subwave 3 hit our normal spot of the 1.618 Fib and pulled back, I like how it is holding above the wedge now and the blue line, we could be looking at Subwave 4 completing now and Subwave 5 is next.

$FSR

Poor $FSR got added into a report along with $RIVN and $LCID that they may go bankrupt if $TSLA continues to price cut....this report got released today and $TSLA announced they were increasing their prices last night....so I wonder how much credibility that report has now. That being said $FSR h...

$BABA

This pull back is starting to lose structure, there is a gap fill to $88.20 and this is just at the 0.65, if this loses this support, the 0.78 Fib is at $84.88 and I feel that if it goes lower than this, the impulse wave will be under risk of losing its set up and this will be coming down lower, ...

$NIO TOP 20 UPDATE

I have taken the subwaves out here because this downward trajectory is very strong and unless I see signs of a bounce soon, I can not accurately add in the subwaves, so I have left in Wave 5 with its 5 counts. I know some people want to trade this but I won't be aimlessly putting subwaves on for ...

$SPY TOP 20 UPDATE

Still we are outside of the wedge and under the top blue line, what I am noticing with a lot of individual stocks lately is that there is significant sideways movement happening, this has not been spoken about much, that the market can neither be bullish nor bearish, the earnings season so far ha...

$CHGG - RC -

Moving nicely through our chart, both trajectories were leading in the same direction, at least until the yellow trend line so I am happy that it is following this nicely, next big tests will be at the 200 Day MA above at $21.40 and the yellow trend line.

$NET - RC -

No changes here, just an update of the chart to show it topping out at Subwave 1 and coming back for Subwave 2 now, fib levels for Subwave 2 support are as shown.

$CLSK - RC -

Getting an aggressive pull back after going vertical, the impulse wave is still valid but I would like to see this hold above the blue line here to keep it alive, if it goes below the blue line it can come down a lot lower, even as low as the bottom blue line.....so be prepared if the top blue li...

$VIX TOP 20

+5% Day and it honestly feels like it should be a lot more. Very large tight descending wedge here, showing signs of erupting now after today.....we know when this moves up fast, this is from volatility and uncertainty in the market, it is a good barometer reading of where the market direction is...

$TSLA TOP 20 UPDATE

Final update of the day for $TSLA, it is down -10% today and has not only brought down the EV market but the general market too. Big thing for me today is watching $TSLA go below the previous low which is confirming the downward trend and that I expect this to go lower too.....there is much debat...

$NVAX - RC -

$NVAX pulling back like we expected, holding the 0.38 Fib line so far which is where you would expect Wave A to complete, will need to bounce for Wave B before coming down to the 0.618 Fib to complete Wave C.....this would be the ideal pull back, but it does not always go as smoothly as that, so ...

$ZM - BUY ZONE ADDED -

I think it is possible that $ZM will come down to test new lows under $65 and after evaluating the fundamentals and the technicals of $ZM, I believe that $ZM is undervalued under $65 and the buy zone is set between $65 and $60. I expect $63.60 will be tested again as $ZM is working its way down t...

$INTC TOP 20 UPDATE

Has broke comfortably back under the resistance line and is now coming back up to retest this line again, let's see if this line offers resistance again like before, if this happens, we can expect this to come down again to the bear case.

$BABA

$BABA is just at the 0.65 Fib and this meets the 200 Day MA on the 1hr chart here, this is where I would like to see support now, it is a tough day for every stock but this is where the $BABA bulls need to come out. $88.40 is the lowest I think this pull back can go to, any lower than this and $B...

$NKE TOP 20 UPDATE

Pulling back like a lot of stocks today, like we have discussed for the last few months, I believe $NKE is in a corrective wave, so it should still move higher, in spite of what is happening in the rest of the market.

So what we are watching for here is a retest of the bull flag and to hold...

$HUT - RC -

The first and second targets remains, oddly it had a very positive reaction to a bad earnings report, the 50 and 200 Day MA are just below, so they may offer some support, if they can not hold the price then we would be looking at this coming down for Wave B in amber.