The Long Investor

$SQ

I am watching the descending wedge here, if this can break out above then it has a good chance of moving up to gap fill as shown, if it breaks down, it can come down to the trend line as shown. Descending wedges are a bullish formation.

$ZM

Has dropped out of the bear flag and losing important fib levels now, if this tries to re-enter the bear flag again and rejects it is likely that this will come down to the previous low again for Wave B. The Impulse wave is still valid for now but bulls are losing this battle so far.

$COIN

So far the bulls have really stepped in here and we showed yesterday that $RIOT and $MARA were at a critical point, and it has been positive since, on the back of Bitcoin showing remarkable strength....I suspect the earnings from the banks on Friday has a lot to do with this, people are moving th...

$PLTR TOP 20

Has just raised its head above the previous high now, if this can flip this and hold as support, this would be very positive for $PLTR.

$BIDU - RC -

The Impulse wave count has not changed here but I have added in a potential ABC corrective wave because I have noticed a double top, this would make Wave 5 shorter than I expected but it is still valid. If this pulls back and goes lower than the previous low then we are into the ABC count here, t...

$MPW - RC -

Double top here translating into an ABC count, with Wave C almost completing its 5 waves down, one more subwave down for Wave 5 should have it complete, so if it can find support as shown, you would be looking for signs of stabilising and starting an impulse wave next. Fundamentals are good and h...

$ASTS - RC -

Initially bounced well on the trend line support but has since pulled back aggressively since getting rejected at the 200 Day MA and even more so once it rejected at the 50 Day MA...I am watching for it to hold at the first trendline now and possibly bounce, failure to hold here and it is under t...

$BABA

All going to plan here...China completing War games today around Taiwan could have spooked the market but thankfully this did not translate into too much disruption. This could move higher over the next few sessions to $108, as economic data in the US starts to come out and Chinese stocks start t...

$ETSY

I like what I see here, it has fallen out of the bear flag and got rejected trying to get back in and at its second attempt, it got rejected at the 200 Day MA....this is quite bearish, I think if we can see this move down to Wave B in red, this may be considered a good buy at this price.  2023-04-10 19:57:48 +0000 UTC View Post

$BNGO - WATCHLIST

I have been watching this in the background for awhile and it is reaching an important Fib level and getting to the apex of the wedge soon, a break out of this wedge and there is a lot of upside, I will be keeping an eye on this.

TOPGLOV

Good lesson here, this is a set up that can catch people out, it appears that is set up for both the impulse and corrective counts, and it is what we would be looking for with an impulse wave set up but what has caught my eye is the white oval I have highlighted, this was a parabolic move with no...

$MARA - RC -

$RIOT stopped at the previous high today and $MARA has just stopped at the 200 Day MA and at the trend line, both companies are at a critical point, will the bulls step in and push them through important resistance levels and flip them to support? if they can then this is very bullish.

Fail...

$RIOT - RC -

Moving well, just stopped at the previous high which we had alerted as a resistance level, I feel if this can break through this level and hold above, this is in a very strong position. The structure is set up nicely and impulse to me.

$IWM - RC -

The Russell 2000 paints a far bleaker picture than the $SPY and $QQQ, as this index considers smaller capped companies, there is no impulse wave here and the best that the bulls can hope for is that this consolidates sideways within the blue lines, there is a very clear corrective wave and it is ...

$RIVN - RC -

So far, nice hold by $RIVN at the 0.618 Fib level, this needs to build on this momentum now and complete a few more subwaves, it is in a strict structure format and this may start bringing more buyers back in, so far it is behaving very well. 

$KO TOP 20 UPDATE

Over the weekend I spoke about a pull back needed for Wave 4, showing good signs of it today, I am watching for the 0.38 Fib in white over the next few days to hit, I will likely add a position if this level can hold.

$NVDA - RC -

A slightly unorthodox H&S pattern here, with also a bear channel. If it rejects at the horizontal yellow line, it could come down to test the lower limit of the yellow channel next, failure to hold here and we should get the pull back we have been waiting a while for here....fundamentally, th...

$SOFI LONG TERM

$SOFI OK the Long Term chart for $SOFI, in the short term, the direction is still undecided as the market decides on what to make of the financial market but the target prices can be expected but the dates may be different. I am assuming here that $SOFI is completing Subwave 2 of Wave 1 now.

$UNG - RC -

No changes here but I know a lot of members are watching this closely, getting very close to our target here but certainly within a range now that a reversal is coming soon, if you are interested in this, watch it closely.

$GFAI - RC -

Another strong day for $GFAI and just held at the trend line again, we know a break above and this will move up to our targets, until that happens, 5 waves down is still on the table. 

$CHGG - RC -

Fundamentals are healthy here so a break out of this wedge and there is potential upside. The downward trend over the last 2 years looks completed and there is certainly a few months of consolidation happening now but I can not see Wave B so this may bounce for Wave B next, the 0.5 Fib is a healt...

$OXY

Pulled back to the yellow trendline and held above, which was just above the 0.38 Fib, good bounce at the opening then too, I like what I see here and Subwave 5 is likely to come shortly then. I would like to see this go above the 200 Day MA next which was the previous resistance. 

$NVAX - RC -

Strong pull back today after a very positive week last week, pull backs as we know are healthy and structure is what we want to see here, if we look at where the 200 Day MA is right now, it is conveniently at the 0.65 Fib, so this is where I will be watching for the pull back to hold support, if ...

$NIO TOP 20

Really struggling to find any momentum from buyers to complete Subwave 2, the 200 Day MA is just above on the 1hr chart and has acted as a resistance level before at the end of March, we will still expect to see some bounce for Subwave 2 before moving down further but for now, buyers are not step...

$SPY TOP 20

I have been updating this every day and watching how this Head and Shoulders pattern has been developing, it rejected right where we expected but has only pulled back a slight bit so far, big week this week with CPI, PPI and banks earnings, so it is likely waiting to hear what the outcome of thes...

$QQQ TOP 20

This chart is looking like an amalgamation of the $AAPL & $MSFT chart, it has pulled back this week and the RSI and MACD are both trending down slightly, it is still undecided which direction this will go, if it moves up higher to 330, it should complete Wave 3 and then pull back for Wave 4.&...

$TSLA TOP 20

Nobody was watching for the breakdown of the bear channel online and on social media but we were watching it closely, and once it broke down, it fell sharply, going all the way from $207 down to $179.

Big announcements dropped over the weekend that $TSLA had cut their prices for the 5th tim...

$VIX TOP 20

Second full support on the trend line here, making this the 7th time it has found support here since the start of the year. Big week this week with CPI and PPI figures and the start of earning reports from the Banks, so this may be preparing for a move here. A break down of the trend lines and th...

$NKE TOP 20

Very nice bull channel here as we wait for Wave B to complete, it is within the Wave B zone now so a break out of the channel, a retest and holds support, Wave C is next to $150.

This has been behaving very well over the last few months so I suspect this will continue on our projection,&nbs...

$MSFT TOP 20

Still in this bear channel/wedge and a pull back is needed and due, could it run a little further to $300 at the 1.618 Fib and then pull back, it is definitely possible, this would likely make this bullish.

A rejection at the upper bear channel and even a break down of the bear channel over...