The Long Investor

$SNOW - RC -

Broadening pattern here if the price action can break above the yellow trend line, the pull back now is flirting with important fib levels and will need to hold or this may come down to complete Wave B in amber. The issue has always been the enormous valuation with $SNOW but it is certainly impro...

$DDOG - RC -

This got rejected at the 200 Day MA, and back down now to try and hold the support lines and the previous low, MACD is showing that the selling has slowed lately so the buyers will need to step in, if they do not and it can not hold the support line, it may come down to Wave B in red before movin...

Bank of Communications. - HKEX - RC -

Very long wedge here, starting all the way back in 2014, has just been ranging between the trend lines since, it will need to break out to stop this trend continuing, staying above the 200 Day MA is a good start.

$XNET - RC -

Undecided between this being an ABC count or a Wave 2 count, if the pull back is complete now then it is an ABC count, if it pulls back further and holds where Wave 2 is, the structure will look better for an impulse wave, either way, getting above the blue line and holding is positive for $XNET....

XIAOMI - 01810 - HK EXCHANGE

Very nice chart here, a strict corrective ABC wave down to the bottom blue line and bounced in a V shape, pulling back now and just held above the 0.618 Fib, all textbook so far, if it can go above the top blue line, it is firmly into the bull case, failure to hold the 0.618 - 0.65 Fib and it is ...

$MULN - RC -

Like a number of EV growth stocks right now, they are struggling and $MULN is probably struggling more than most as they have not started producing yet and in need of a cash injection. We saw yesterday that $PSNY struggled to hold a crucial support and they are well into their production phase no...

$DB

I uploaded Deutsche Bank on the 17th of March and said I did not expect this to hold the Wave 2 level and now it has burst down through this support and enroute to complete Wave C, in line with what is expected from $JPM and $BAC. Down -10% in the PM now. It will be interesting to watch now as th...

$SE - RC -

Has followed our Wave 5 nicely, I would be watching for a pullback now for Wave 2 before next leg up, a nice structure for Wave 2 and I believe this will reinforce the impulse wave now.

$DNA - RC -

Just held today at the low, bit of sideways movement now, a break down from $1.19 and it will almost certainly hit our target....I know some people have already considered adding here.

$PFE

This is what I am watching with $PFE as it is possible we completed a leading diagonal for Wave 1, I am watching for the 0.618 - 0.65 Fib levels to hold now for Wave 2, if it can do this, like its been doing with $BABA, we can start to look forward to Wave 3. I will regularly update this.

$RIVN - RC -

The biggest disclaimer with this chart -* the counts shown are only valid, once it holds the blue line support, failure to hold this support and the count is invalid!*

I have charted this price and date since October and I am delighted to see it down this low and at the date I predicted, as...

$SPY TOP 20 UPDATE - AGAIN

We were looking for a rug pull today and we got it and we wanted to see this finish out of the ascending wedge and it burst down out of it.....another lesson to take from this because I am noticing more intraday concerns again at the opening of the day....take a moment, let the market settle and ...

$PSNY - RC -

No changes here and like I said on the last chart, it really needed to find support and if it lost support at the 0.78 Fib, the next test will be at the 1 Fib at $2.95. It looks on course for there now, a lot of the EV valuations have come down a lot lately, especially for the start ups, $PSNY wa...

$RIOT

15th of Feb was the last time I uploaded this chart and it has worked out perfectly, amber line at $10 was a previous high, it may be the only resistance on its way to complete Wave 3.

$GME - RC -

$GME currently wasting no time gap filling after that enormous open yesterday, again bag holders are sitting at the top wondering what just happened....human behaviour changes very little and because of this EW Theory helps us to measure it. 

$NFLX

A good day for $NFLX but I still believe there is one more leg down to complete Wave C potentially, or failure to hold Wave C then it will come down into the bear case, no changes to this chart but an update considering the price action was quite strong today.

$COIN

Big day for $COIN, SEC went after $COIN but Bitcoin and miners were told that they have a place in the US economy....a very mixed message for holders. 

From the chart, it got saved by the 200 Day MA average and just at the 50 Day now, still within important Fib levels so Wave 2 is stil...

$TSLA TOP 20 UPDATE

Rejected at the top of the channel today as the market rug pulled again, catching $TSLA bulls too, has came down now and lost the 200 Day MA and just above the 50 Day MA which is at the lower limit of the bear flag now on the 1hr chart.

Bulls needs to step in again if they want to break thi...

$NIO TOP 20 UPDATE

One attempt to break above the stubborn $9.53 resistance line, has not attempted since but has moved sideways, RSI and MACD are painting the picture for us now, as both are showing that buyers have not stepped in to flip this yet and looking like they wont either as both indications are showing t...

$SPY TOP 20 UPDATE

Two days ago the bulls were shouting, at the close yesterday the bears were shouting and then again today the bulls were shouting again......and our plan remains the same. Bouncing to the 0.65 Fib today and taking a breather now, it may fall back further but nothing from the ordinary here. I will...

$BABA

Nice continuation on yesterday for $BABA, in spite of the noise in the US market, RSI and MACD broke bullish on Monday and has looked strong since, like I've said before, the ideal spot to buy and for a reversal is when the RSI breaks above the oversold 30 territory, not when it is at 70....which...

$QQQ TOP 20 UPDATE

If there was ever a chart that reinforces the significance of Fibonacci levels, this chart may be it. Since the 0.38 Fib flipped from support to resistance, the range has stayed almost exactly between the 0.38 Fib and the 0.618 Fib, faking out once and then dipping only slightly to the 0.65 Fib.<...

$AAPL TOP 20 UPDATE

I have been spending some time on this $AAPL chart, it has broke above the previous high now and its enroute to test the trend line above, which is the original trend line I had in until two weeks. I understand that people are buying up $AAPL $MSFT, as I explained at the weekend, it may be consid...

$DRV

The $DRV is a Real estate Bear ETF 3X and it loved hearing that banks will be tightening and Powell saying that mortgages will become more difficult. No changes to our chart here, hit the previous low and bounced.

$SPY TOP 20

Market is dropping now after Powells comments of tightening credit conditions from banks and he mentioned this a number of times.

Yes they can try and secure all deposits but this will not stop banks tightening up and reducing their risk, especially from banks who are already in a difficult...

$BABA

In a sea of red right now, $BABA is holding very well and this was one of the main reasons why we started a position, that it should differentiate itself from the US market, again there is still a lot to do but once it holds above the crucial levels shown, I am happy with this. 

$COIN

Very happy with this call yesterday that subwave 1 was complete and to expect a pull back, looking good so far, subwave 2 is in the typical zone now that we would expect for a pull back.

$NIO TOP 20 UPDATE

I am watching this as I am sure a lot of you are too. So far today it went all the way to the 0.88 Fib, which was the bear case line and got rejected, dropped down and fell out of the ascending wedge. It then found support at the 0.618 Fib and then rose again to make another attempt at a breaking...

$ZM

Holding well above the 0.78 Fib, we wanted to see this bounce at the 0.618 - 0.65 but went slightly lower, still under the 50 Day MA, if it can get above that, the 200 Day MA is above just below the previous high, two big tests there, above those two and we are into the impulse wave confirmed. 2023-03-22 15:29:03 +0000 UTC View Post

$SQ - RC -

A lot of wild swings lately as it works its way through this channel, I am still leaning towards this completing the right side shoulder at $56. Holding onto support for the moment in the bear flag, if it loses support, it should move quickly. For now, the price action is looking messy and I am n...