The Long Investor

$SOFI

Managing to hold onto the 0.618-0.65 Fib level and at the 200 Day MA here too, the 50 Day MA in (in blue) has acted as a resistance level last so I feel that if the price can break above this resistance, it has a strong potential upside...a lot of positive news continues to be released about $SOF...

$NVAX - RC -

Amazing move since we uploaded this 3 days ago alerting that this was in a position to bounce and it has bounced very strong. From $5.70 to $8.95 in the space of 10 days too. Wave 1 is looking to complete now, so I will be watching for when the pull back comes and if people are interested in this...

$NIO TOP 20 UPDATE

Flat day for $NIO but for now the bleeding has stopped, I want to see a bounce further to complete Subwave 2 and reject at $9.53 to come down....for now, buyers are still cautious about entering $NIO as they have been burnt badly over the last week.

The 200 Day MA is just above too at $9.10...

$BABA UPDATE

Fantastic day today, the 0.38 Fib has provided a perfect buy opportunity for us at Subwave 2 and Subwave 4, I am watching for this to break above the previous high at $105 to confirm the impulse wave. Once Wave 5 is complete, we should expect a notable pull back which will be very healthy for us ...

$TSLA TOP 20 UPDATE

Had another difficult opening and fell to $179 and only last Friday it was at $207. It held the 0.65 Fib from the previous low and high today and recovered a lot of the losses from from today. Below the 200 Day and 50 Day MA now and the RSI is trending down now, below RSI 50 now, so I am not seei...

$ABNB TOP 20

This has continued to drop hard since getting rejected at the previous high, it is very close to our buy zone now below $107, so we will be watching for signs of reversing after entering the buy zone, so far the trend is clear. However, the 200 Day MA is right at $108.30 which is where it has hel...

$TSM - RC -

This is struggling since the news broke that Buffet sold his stake in $TSM and now news is released that revenue plunged 21% in March, it is rare that Buffet gets something like this wrong so unless this can break into the bull case above $98, the 5 waves down count is next.

$SE - RC -

Nice rejection at our Wave 1 point and starting to pull back now for Wave 2, after their fantastic earnings, this is now on my watch, I want to see a good pull back to the Wave 2 zone and I will look at a position if it can pull back to below $65.

Book recommendation

Just a reminder for new members that this is the book I recommend to everyone to help them understand EW Theory and to help you understand my charts, it is only $6 on amazon and it is a very short read....likely will need to read it more than once but it will be worth the read.

$OXY

No changes to the plan here, the 0.38 Fib is at $62.86 so it is holding above that level so far, I do not believe subwave 1 of wave 5 is complete yet, the timescale at the bottom shows this moving from $63.60 now to $88 by October so it is a slow mover and that is what we are looking for.  2023-04-06 14:04:36 +0000 UTC View Post

$ZM

Pulling back now to the red line support level, which is just below the 0.65 Fib line, a lot of selling pressure in the market today, I would need to see signs of holding before considering a position here, the structure still looks good, but below the 200 Day and 50 Day MA on the 1 HR now, if yo...

$SPY TOP 20 UPDATE

Finished the day red but still no big momentum moves yet, it's below the blue resistance lines now and outside the large bearish ascending wedge again, the 50 Day MA is coming up now to meet the price action, if it loses this as a support line, the momentum may start to build up. We saw some stro...

$OKTA - RC -

Complex structure here and oddly, if it pulls back first it will likely benefit the most as this could complete the impulse wave 2 structure. It has bounced very well here since October but as we have seen with my stocks that have bounced since then, they are due a pull back and this looks to be ...

$GDX - RC -

Indeed a break out here, has held at the 0.78 Fib line, went to the top of the channel and pulled back to hold at the 0.65 fib and bounced very well again, no changes to the chart, same as I have uploaded before. Next test will likely be at the top yellow trendline but I hold this trend line in l...

$MP - RC -

It has bounced well in March but has rejected since and now at the previous low support line, it is likely that Wave 5 in red will be next and it will need to hold support here in order to get a bounce....fundamentally a very strong company so I believe a bounce will come, it needs to find a stro...

$ETH - RC -

$2020 remains the bull case flip line, I think regardless of the position it takes next, it is likely to retest the wedge before going above the blue line, failure to hold the wedge and it could come down into the bear case, but so far it has held very well since it bounced on the 0.78 Fib line.<...

$CLSK - RC -

I am seeing so many companies in this situation right now, they were performing well up until march and now have pulled back, holding support and about to have that support tested again. Both cases are still possible here, it tells me that the market is delicate right now and like I said with $CH...

$CHPT - RC -

$CHPT has been struggling and it is just at the 0.78 Fib line now, I feel it loses this support, the previous lows may struggle too and it is coming down to test the $8 line again. It is important to hold $8 and if it can do this and consolidate sideways, this is not a bad sign, a lot of companie...

$JNJ - RC -

No changes to our chart here, it has bounced well today after a settlement notice, which typically bodes well for large pharmas when they settle, it remains to be seen whether or not the low came in and Wave 2 is complete, after the bounce today, I expect a pull back, if it can hold above the pre...

$JD - RC -

Bounced up to the 0.65 Fib and rejected, will have another chance once it stays above the low at Wave 2 in green, if it can not hold this low then Wave B has got a higher potential of hitting next, this then brings us into the bear case and buy zone.

$ZIM - RC -

Broke out of the wedge at the start of the year and it hit exactly at our 2 targets, after hitting the second target, it rejected heavily and is on course to test the previous low now at $16.28, this will need to hold or there will be substantial downside below the blue line.

$M - RC -

No changes to my chart since I uploaded it last, in a very clear Wave C count now and the 5th Subwave of Wave C has not started yet so I expect this next.

$BABA UPDATE

Amazing to see this come back down to test the 0.38 Fib level again and bounced at $97.66, just 1 cent above, so a retest has confirmed so far that this has support here, finishing the day slow but in the right direction for us. Still expect Subwave 5 to complete and and once I see confirmation o...

$NIO TOP 20 UPDATE

Another great day for us with $NIO, a lot of sellers stepped in today and flushed this hard, went below the 50 day and 200 day MA's now on the 1 HR. Showing some signs of exhaustion now so a bounce for subwave 2 must be due, I am provisionally drawing the subwaves now and coincidently subwave 2 c...

$TSLA TOP 20

Some of the chart interpretations I have seen on Twitter of $TSLA have been shocking lately, Trendspider being the biggest offender, if we know the basics of EW theory, we can see trends unfold. When this broke out of a BEAR flag, we knew $TSLA was in trouble, the bulls need to step in straight a...

$DRV

What a beauty this has been, stopped at the 0.38 Fib, and pulled back to the 0.65 Fib and now holding that level, if it can hold this level, Wave C is next.

Identical to the chart uploaded a few months ago

$KO TOP 20

What a star pupil. Disciplined and gets stronger as the market gets weaker, this is why we have been watching this closely along with $PFE, $BABA and $OXY, we believed that they would go against the trend of the mega caps when they started to struggle and so far our plan is working out well. ...

$ADA

This is the only crypto I have ever bought in the past, mainly because I always liked the read of it's chart, I am watching for this now and a break above the previous high and there is some movement upside next.

If I buy here, it is only a small amount, it is a high risk move but my other ...

$AMD TOP 20

$AMD continues to behave as we expected, is this a window into what $NVDA is shaping up to do, it's certainly showing signs of pulling back strong now.

$ABNB TOP 20

Hard rejection trying to get above the previous high and it is at risk now of not holding the previous low either...if this happens, we should reach our bear case and buy zone comfortably. I am watching this closely.