The Long Investor

$META

$META has been like clockwork, no surprises and behaving as a perfect corrective Wave B count, as many of my members will know, this chart has not been changed since I first put it together in August last year.

New high now, so I believe there is further upside as shown, this has been great...

$INTC TOP 20

Behaving like an outlier at the moment after bouncing on the blue previous low line support, the waves are within the same range since Sept last year so a lot of work needs to be done to break out of this range. The count is not impulse by nature yet and Wave 4 can typically have an extended wave...

Petrochina - HK Exchange

A very good looking, positive chart for Petrochina here, Wave 2 pulled back and held the 0.65 Fib, bounced and went above the previous high, coming back now to test the blue line and 50 Day MA for support, if it can hold, even for Wave C this is still likely to move higher for the rest of the yea...

$SMMT - RC -

After slumping down from $5.60 to $1.20, they reported a positive earnings and has found its feet a bit at the 1.618 Fib level, lets see if it can build on this now, below the 200 and 50 Day MA for now, these will be two big tests to confirm a reversal.

$STEM - RC -

3 negative earnings in a row put a stop to its momentum and rejected heavily at the top blue line, low to be tested again, will need to consolidate and build a number of good earnings or release positive developments for this range to change.

$FAZ - RC -

$FAZ had to battle to recapture the blue support line in the first week of Feb, found support and the financial issues caused this to take off, this will likely continue within the range shown, this corresponds with how the VIX looks too.

$DIA

No changes to our $DIA chart, rejected heavy at our trend resistance line.

Buy zone remains as shown.

$CRWD - RC -

Continues to hold very well and no changes here, big test coming up to try and break through the yellow trend line, so far rejected at the 0.618 Fib but it is likely to retest again. 

VIX TOP 20

The VIX continues to represent the sentiment of the market, another large swing today and up nearly 20%, from our projection, this behaviour looks to continue.

$TDOC

Happy that this has come all the way down to $22, the question now is whether it can hold this strong support blue line and continue moving sideways and starting another ABC....surely this has been a traders dream.

$NVDA

Credit where its due, $NVDA has held up very well and really battling to hold but the MACD has spoken, bearish now and RSI is trending bearish. the $241 1.27 Fib Level is looking incredibly strong as a resistance....I just don't see where the buyers are going to come from, considering the wider m...

$BTC TOP 20 UPDATE

After benefiting initially from the banking uncertainty, $BTC failed to hold above $25,500, it was looking like people were so worried about the banking sector that they felt that $BTC was the safest option, instead of Bonds and Gold....this may end up true but for now, the bull case still needs ...

$APE

No surprises at all to see this struggling and no changes to our chart. Enroute to $0.66c where it needs to find support.

$F TOP 20

Out of the wedge now and got rejected trying to get back in, cyclical stocks like $F is going to suffer with an uncertainty with banks, they are heavily reliant on their ability to access liquidity, the Car Finance industry is well over $1 Trillion in the US. It is not surprising to see $F strugg...

$SPY TOP 20 UPDATE

Bounced just short of the 0.5 Fib, right in the middle of Subwave 2 bounce territory, it remains to be seen whether this subwave 2 is complete yet but it is having a very difficult day. I said yesterday to let the market digest the information from Mon and Tues, coupled with Credit Suisse looking...

$TSLA TOP 20 UPDATE

So what I am watching for here is to see if $TSLA can make a new low....if it can make a new low, I will see 5 waves down, this is not what you expect to see in a Wave 2 pull back, as we know Wave 2 has 3 waves, ABC.....so a new low will give an indication that it is possible we are in Wave X and...

PBBANK

73 Billion market cap bank in Malaysia, struggling now too as the financial trouble starts to ripple around the world. Not surprising to see the majority of the banks I have been charting in Wave C now.

$BABA

In between the 0.618 - 0.65 Fib levels now, we know how important this level is, its the Golden Ratio zone, we are watching this level on a lot of charts. This pull back has been very strict and almost no relief bounces either, we will need to see some bounces even if it is for Wave 3 or Wave C, ...

$SNAP - RC -

Nothing new to report here and I know there is a lot of interest here with $SNAP. Wave X is the likely direction now and staying within the blue line range.

$CLSK - RC -

I think we will see a lot of this for the next while, pull backs, looking like Wave 2 and then struggling to hold the Fib levels, for me, as long as they hold the previous lows, consolidating is a safe space and fundamentally strong companies will do very well.

$SOFI

Struggling to hold the important fib levels now, the low support is looking more likely now, I want to see it hold the blue line now at $4.25, no issues with this consolidating sideways for awhile, in fact I believe this will present a great opportunity for long term holders.

$MULN

Like the chart said in red, needs to hold $0.17c or there is no support below.

The 1.618 Fib is at $0.08 below, it goes without saying that this needs to find support somewhere and $0.08c may be its last hope, regaining $0.17c again may offer some hope.

$NIO TOP 20 UPDATE

We want to see this firmly losing the previous low support at $8.37, a close below here and we have found a new resistance level which is what we want to see to get down to our lows in the buy zone.

So far the trend is very clear, no surprises at all and behaving disciplined. This is what w...

$PSNY

$PSNY needs to hold $4, dipped below it today and finished at $3.98. Bulls needs to step in over the next few sessions and support this.

$DNA - RC -

From Wave 5, I can only see 4 subwaves on the the daily chart, so it leads me to believe that the bottom is still not in yet....It may come quick, flush out all the stop losses and then bounce. RSI is definitely showing signs of reversing and the MACD is a slight bit behind and hasn't flipped bul...

$META

Has been the model student so far, along with $BABA. Held the Wave B pull back support line and bouncing well, nearly above the previous high now, so holding above there and the target above is as shown. The job cuts today went down very well with the market.....not so much the employees, especia...

$WISH - RC -

$WISH went below $0.40 which was my original prediction for $WISH before it ballooned up from the start of the year so needless to say I am happy that it got there and fighting now to hold support, once the support holds, it can continue to consolidate within the larger blue line range.

$XPEV

As we wait for $NIO, it is important to consider other EV stocks in the same market and $XPEV is a good example, it is struggling similarly to $NIO, likely one more low too.....if $XPEV is what you prefer over $NIO, I think $6 is the bottom here, so waiting for $6 may not be the best idea, start ...

$CHPT - RC -

$CHPT's pullback is showing a clear ABC count which is what we want to see for Wave 2, it has been struggling a bit but it is possible that the markets weakness has contributed to this, once it holds above the red line, Wave C is still on.

$RIVN - RC -

I have had $RIVN coming down to this level for over a year now, the crucial point now is, it needs to hold this level at $13....below and it is in trouble, if it dips lower, it needs to recapture this level to show strength, like the chart says, the best course of action for $RIVN now is it hold ...