The Long Investor

$SOFI - RC -

Having a good day today, recaptured the 0.618 Fib now and just needs to hold above and that should be no issue today. 50 Day MA above is next, if this can build on today's momentum, this could move towards Wave 3 next. 

$MULN - RC -

That 1.618 Fib level really came in and saved the day so far for $MULN, jumped almost 90% since hitting that support, reinforcing the significance of watching Fib levels. 

Still a lot to do here for $MULN, getting above the 200 Day MA and the blue support line will be the next 2 big te...

$SPY TOP 20 UPDATE

The moment of judgement is close, unlikely to happen today but we will know by early next week whether or not this rejects at the blue line and the right shoulder or bursts through and breaks out and gets back into the wedge. We'll let the charts decide what happens.

If you are a bull, you ...

$ACHR - RC -

In a descending wedge now, what we would be looking for next is a break out and then follow the impulse wave. It has pulled back since testing the upper limit and has held at the 0.5 Fib, it may come back to the 0.618 Fib next before another attempt breaking out of the wedge. Failure to break out...

$BABA

What a monster this has been, buyers still stepping in as they are optimistic about its future, all the while people are skimming profits as it has run up quickly...a bit of a tug of war here between buyers and sellers, soon one of them will dry up.

The 2.27 Fib is at $105.6, it has not qui...

$NIO TOP 20 UPDATE

Flat day so far for $NIO, pulled back yesterday after reaching the yellow trend line we spoke about, the RSI on the 1HR yesterday was at 90+ so it was unlikely to have the legs to continue through that resistance level. Watching the pull back now, so far it can't get above the local 0.618 Fib and...

$AMD TOP 20 UPDATE

$AMD is behaving itself, local head and shoulders pattern formed here and down today too, looks good to come back for our Wave 4. No changes to this chart.

$GME

Slowly gap filling, I expect this to continue coming down and move within the wedge, that parabolic move was very easy for traders to manipulate die hard $GME fans. 

BUY ALERT

I have started a position with $OXY today.

$BERY

$BERY is just one of those boring companies with incredible fundamentals and a good future but will never be popular because it is not a well known brand. We love these companies, they will go under the radar and just report good earnings and the share price will steadily grow.

For its char...

$MVIS - RC -

Held the blue support line and trying to flip the previous support line (in yellow) from resistance to support now. If it can successfully do this, we should see a continuation up to Wave 1/ Wave A, the 200 Day MA should meet this point too, fairly straight forward from here, breakouts needed fol...

$VLD - RC -

Appears to be finishing as an ending diagonal, it is possible that it will hold at the blue support line, the trend is leading to earnings release so the market is likely to be waiting for an update. If it can not hold the blue line support, the red line below is the final support line. 

$ORGN - RC -

Very much following our bear case trajectory here so I have eliminated the bull case. The key now is finding support, best case scenario is that it holds at our first target and tries to consolidate until earnings. Fundamentals looks good, may be suffering the same over reaction as $MP received t...

$BA - RC -

I think it has been a few months since I last uploaded $BA and it has been following our chart to perfection, Wave 4 may not be complete yet, possibly one more retest of the support line before moving to complete Wave 5 of Wave C.

$SPY TOP 20 UPDATE

You have all seen these two charts already but I am just keeping you all updated on what I am constantly watching in the background, if I see anything that makes me question my charts, I will keep you all updated and all in the loop, for now, there are no changes.

$BABA

This is the Head and Shoulders pattern I uploaded before as an alternate view on $BABA and it has been incredibly accurate too. We are still looking for a pull back here too in order to go higher but a move to $120 looks on target.

$SCHW

I have highlighted concerns about Charles Schwab before and it is struggling a lot more than other well established large banks, I believe this may be in trouble or some news may drop about this soon. Either way, our chart has not changed here and I still expect Wave C to hit.

$PYPL

Still continues to test the resistance trend line which is at the 0.618 Fib line too, if this can break out above and hold, Subwave 3 is next....failure to breakout and we are looking at this entering the bear case and buy zone.

$MULN

I am rooting for this because I know we have members who have bought here and I don't want them to lose money. Good day today, let's see this continue on our trajectory. My views on $MULN have no changed, I think this is a company fighting for its life here.

$ZM

Bit of sideways movement here lately but building up strength, potentially it has held Subwave 2 at the 0.618 Fib and above the 50 and 200 Day MA now on the 1hr. Bear flag may be forming it it rejects at the upper limit there, if it does not, I like this as a buy. Fundamentals are good, no debt, ...

$VIX TOP 20

So far, it has held the support line after stocks enjoyed yesterday's rally. So is it time to bounce here or break down from the support line?.....if it bounces, stocks will pull back substantially and the reverse is then true too. 

$JD

Having a very good day and we spoke about $JD before and that its a fundamentally strong company. Making the headlines today after it announced that it may split part of its company too, like $BABA. I would like to see this regain the 0.618 Fib line again, if it can hold here comfortably, this co...

$COIN

Flat day today so far, just holding the 0.618 Fib now, 50 Day MA is arcing down now so this may affect its direction, $BITCOIN has been doing well over the last 2 days so if $COIN is going to move up, it needs to start soon and the bulls will need to step in.

$SQ

$SQ has not looked back since holding our support line and the right shoulder level we set. It appears to be trying to fill the rest of the gap it left after the short report was issued. This is where I would be cautious about chasing, the 200 Day MA is just at that gap fill too and this definite...

$NIO TOP 20 UPDATE

$BABA had its day this week and now $NIO is having its day today. Yesterday I spoke about my concern about it moving in an ABC count and could hit $10.60 and the yellow trend line, it is just approaching that trend line now....Bulls have stepped in, as they have been doing with a lot of Chinese s...

FBMKLCI

We can see from this chart that the banking issues from 2009 still influence this chart, it is very much at a crossroads here, however it is very clear where the bull and bear cases are, a break above or below the yellow lines and this is in to one of the cases....the direction is not clear yet. ...

$OSTK - RC -

Very little in terms of EW can be done here because it has exhausted it's corrective ABC count and now in a strict downward channel....we don't like to see this, now the price action is desperately looking for support. $14.68 is a likely spot for now. A break out of the channel and the targets ar...

$BTC TOP 20 UPDATE

No changes to Bitcoin yet from the chart we've been using for the last few weeks. Bitcoin rose high over the last few weeks as the banks were struggling which was showing that Bitcoin was becoming a haven....but everything appeared to run up yesterday so is this good news for banks or bad news no...

$TSLA TOP 20 UPDATE

In the last chart, we spoke about $TSLA looking to retest the channel again and we were looking for this to happen and then reject, so far this has happened, it tested the channel at the 0.65 Fib level and came down, managed to claw back throughout the day but finished outside of the bear channel...

$SPY TOP 20 UPDATE

In my last update, I spoke about the ascending wedge that the $SPY was in and it broke down from this, came down to the 200 Day MA and the channel and found support, it is now bouncing and although on the outside of that small wedge, the price action in PM today is showing a move up. It is still ...