The Long Investor

$BBIG - RC -

Falling wedge formation here, struggling for awhile now and has gone below the historical support line, tried to recapture it and got rejected. If it hits new lows, it can come down further for Wave D and hopefully find support on the wedge trend line again.

$PATH

Pull back came down to the 0.5 Fib, back above the blue line again and showing support, still one more leg up is next.

$PLTR TOP 20

We said it needed to hold above the previous low and so far it is doing that, Subwave (iii) will have 5 waves in it, when it pulls back for Wave 2, holding again above the previous low will confirm Subwave 3.

$META

Has held the 0.238 Fib well, retested and bounced, no changes here, if this can go above the previous high Wave B in amber is confirmed complete.

$APE

Uploading the $APE chart again as there was confusion from the last chart, because in the top left hand side of the page it is showing $AMC but this is in fact the $APE chart, reflective in the price, as the $AMC share price is around $6 now.

Likely to continue down to the blue line....I t...

$S

A breakout of the wedge would be very positive and trigger the bull case once it goes above the previous high, rejection at the wedge and this comes down lower as shown.

$DM

36% jump yesterday, break out of the wedge and what I am watching here is the test at the 200 Day MA which is in line with the previous high, after such a large run yesterday, we want to see a retest of the breakout and once it holds, its a good position to add then.

Remember, large jumps...

$BDRY

This needed to hold the blue line support, it struggled initially but recaptured it and then took off. There are no changes to the chart but since the price went below the previous low, we have to rule out the green impulse wave, this is likely a Wave C move now.

EMBRAC_B - RC -

A very nice corrective wave in red completed here, my concern now is the rejection at the historical support line in yellow, that needs to flip to support for an impulse wave to start properly, so this may consolidate sideways first.

$G5EN - RC -

Swedish stocks are quickly becoming a new favourite of mine because of how disciplined their counts are. 5 waves down in amber are very clear here, look at Wave 3, its aggressively down, very little pull backs and it is a hallmark vision of what to look for when finding Wave 3, when you find this...

$NG1

Tough time for NG lately, looking like holding onto to support on the important blue line support level but it does appear to be a bounce for Subwave 4, if it can stay above the blue line then Subwave 5 is in....but it foes not look like it. Either way, I would expect a bounce to come in by the e...

$PSNY

Earnings this week and revenue has increased substantially, this may end up being a hidden gem between the cloud of chatter in the fight between the US and China EV makers. Ultimately, breaking out above the red trend line will help a reversal here, a number of EV companies have yet to break out ...

$DNA

A few members are interested here and we can see that the ARK funds were buying this heavy yesterday. Just to show you were I got my levels from, the 1.27 Fib level was an important level to break down from because it was the previous low too.....next level is at 1.618 Fib at $1.04. So we know th...

$BTC TOP 20

Big movement during the night, some people seemed surprised by this but the only thing surprising is how BTC has managed to stay this high for the last 2 months. $21,400 is the next test at the previous low, failure to hold here and the next potential support is on the yellow trend line in the ch...

$JNJ - BUY ZONE ADDED -

Morning all, $JNJ has been following our ABC corrective wave nicely, having gone through its fundamentals aswell, I believe a buy zone should be added and a very good addition for a long term hold. I have added in the long term chart too.

The buy zone is between the 0.5 fib and 0.65 Fib, s...

$FTNT - RC -

Nice bounce just at the 0.5 Fib to complete Wave A, came back down for a retest and held to a higher low, this brought a very aggressive bounce then. Big test will be at the top blue line if it can flip that from resistance to support, rejection here and it will come back down for Wave C in amber...

$CELH - RC -

This has had an incredible run from $3 to $122 since April 2020 till the end of 2023. It has pulled back now and a very disappointing EPS miss from earnings yesterday. After a break down from the wedge, I expect this to continue down until $63

$INTC TOP 20

We spoke about $INTC needing a Subwave 4 first and to expect it at the previous low, so far, this is behaving as we expect. 

$NIO TOP 20 UPDATE

Like I said earlier, we are going to be all over this. First of all, it has bounced well, after hitting new lows it has recovered and on a day when $TSLA is getting hammered. Let's remember, $NIO has gone from $13 to $8.31 and very little pull backs, a new low was bound to give it a slight bounce...

$UBER

Below the blue line which was the prior high, both cases are still relevant here, earnings were good and really damaging LYFT by increasing their market share, its in between the 50 Day and 200 Day MA now so the direction is still undecided.

$WISH

Basically came all the way back down to the low, not having a bad day today but this is a delicate area to be in, it really needs to hold this blue line now or it is in a difficult position, I think management intervention is needed here, they need to come out with some news, a vision, a partners...

$COIN

Under pressure today after $SI (a crypto friednly bank) announced that they may not survive and down 45% today.....again this does not paint a favourable picture for the Crypto industry. The 0.618-0.65 Fib levels remain an important area for $COIN.

$NFLX

Wedge break down, this has been moving very slow, I will be watching the levels below to see where support is found, I have spoke about my issues with $NFLX before, their MOAT has been eroded and their competition have gain considerable ground, not to mention their extremely high costs. 

$AMZN TOP 20

Below the 50 Day, 200 Day MA and the 0.65 Fib now, also went below the previous low. Below $82 next and we are into the bear case and we will start positioning ourselves to buy. No rush here. 

$PLTR TOP 20

Make or break time now, the gap is filled (green box) it needs to hold above the previous low to save the impulse wave. Otherwise the bear case is next and we are into the buy zone. 

$SPY TOP 20

Just went below the 1.618 Fib which is a typical bounce level and recaptured it again, we are expecting Wave 2 to come in at some stage so let's see how this develops, ideally we would like to see this bounce to the wedge again in yellow and reject. This would be great news for the bear case.&nbs...

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$TSLA TOP 20

The 200 Day MA has caught this so far, the 0.238 Fib trying to act as support too, we know that both of these supports are important, failure to hold them and this will come down....I am still leaning bearish here.

The charts I share here are not the ones I share on Twitter, these are far ...

$NIO TOP 20

Some levels I am watching now in amber. We can see that the 0.618 Fib was exactly at the previous low and bounced from there, it is not a reversal fib level but just a support level, I do not expect the pain to be over for NIO yet, I will be watching for signs of capitulation, the 50 Day MA and t...

$SOFI

No changes here either, looking like the 50 Day, the 200 Day MA and the 0.618 Fib will meet together, this is a good spot to watch for a hold. I do like SOFI, so I would like to see this come down to complete Wave X and then consider buying, but for now, watch to see if it can hold at Wave 2.