The Long Investor

$NIO TOP 20

There was definitely a fast flush at the opening for $NIO, possibly a stop loss raid for people who left a very obvious stop loss at the nice round number of $5.50 which just happens to be the yellow trend line support.

I hope nobody in our group was caught doing this.

It has recovered since this after hitting $5.43, cents away from our $5.50 target.

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$PYPL TOP 20

$PYPL is showing its teeth here.....people are a little uncertain towards tech stocks today and appear to be shifting towards undervalued as a haven to weather the storm and $PYPL appears to be benefiting. It has managed to hold on the outside of the channel so far on the red line.

We can see that the price action rejected at the 1.618 Fib at $64.19, so the market has identifie...

$GOOG TOP 20

Very simply put:

A hold at the yellow line at $141, which is also the 50 Day MA, then its a buy.

No questions need to be asked, a hold here, you buy.

$ABNB TOP 20

$ABNB did not quite get to the previous high level at $155 as the market became volatile, Mega Cap earnings on FED decision day, could the market ask for more volatility on one day?

$ABNB likely pulling back for Wave 2 now so I am watching this closely to add, I believe $ABNB is moving in an impulse wave since holding at the 50 Day MA and making a higher high, so a 3 wave pull ...

$AMZN TOP 20

Testing the ascending triangle now....there has been no changes to $AMZN, just that $MSFT and $GOOG have reported, so it is pulling back as a correlation with these stocks.

This happened in October too and I bought and the earnings report a strong beat.

I will likely add $AMZN today with a hold of support at $155.

USOIL

USOIL just finished above the 200 Day MA today after Saudi said they would not increase production numbers for the foreseeable....this is following our count very well so it is worth watching.

They need the price to move higher, at these levels they are not comfortable with and if there is an escalation of war (in an election year) this could move the price higher too to our Wa...

$MSFT TOP 20

$MSFT is the only chart that concerns me....because as far as I can see here, its Wave 5 has 5 waves in it now.....the Subwave 2 is not pretty but Subwave 4 is perfect pulling back to the 0.38 Fib and then bouncing

Subwave 5 also ran right up to the 2.27 Fib, which we have set Subwave 5 here months ago.

So far post earnings there is a rejection at this level but we need m...

$GOOG TOP 20

There is not a single change to this chart.

EW Theory again shows how incredibly accurate it can be.

This happened in October too....when the price was around $140+ leading up to earnings and we had Wave 4 completing at the 0.38 Fib (as always) as $120....the price sunk to this level exactly post earnings and then started Wave 5, as though nothing had happened ...

$AMD TOP 20

I think many are expecting most Semi companies to behave like $NVDA and go parabolic and keep going.....unfortunately this is not always common, $NVDA had almost a monopoly on its generative Ai chips and was way ahead of the sector....$AMD and other companies are trying to eat into their market share....so we can not assume that $AMD and other Semi companies will automatically behave like $NVDA...

$AMZN TOP 20

$AMZN is back down to the top of the ascending triangle top line at $155 after $GOOG's report....this is the same scenario we saw from the last earnings too....$GOOG dropped substantially post earnings and $AMZN was due to report the following day and dropped with it.....after $AMZN reported it started a rally from $118 to $161....I bought at $118 then and it has been a great buy for us.

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$V - WATCHLIST -

$V reported this week and beat on both lines, as we expected, the only time $V missed on earnings was back in early 2020.

They are a solid performer with a very lean operation and have some of the best margins in the sector and market.

No changes at all to the chart here and the chart is moving as though the earnings did not even report.

I have no reason to doubt or change thi...

$PFE

Report earnings today with a surprise 4th quarter profit beat of estimates but still down -1% in the market today.

On the chart, the price action is still on the outside of the large wedge its been in for some time now and is working its way through the Fib levels seeking support ....we can see that the 0.78 Fib is aligned with the wedge retest now so this would be an area of interest to ...

$ROP - WATCHLIST -

No changes to this chart and it is moving incredibly beautiful and it has been on our watchlist for some time now.

Earnings are due out tomorrow before the market opens, so pending no surprises here tomorrow from their report, this should continue following our trajectory up for Wave 3.

Very well controlled chart here, from the Wave 2 hold between the 0.5 Fib and 0.618 Fib, to the B...

$ETHUSD

$ETH like $BTC needed to hold their support lines and they have done their jobs so far....$ETH did not fully test the amber line here because $BTC held the 0.38 Fib and brought the sector up together.

$ETH did get a large pull back post $BTC ETF release but I believed that this was nothing more than a standard healthy pull back and I added.

Right now the price action has gone above ...

$BABA TOP 20

It is almost uncanny how closely linked $BABA and HSI are....$BABA is also pulling back and again the area of interest for us is the 0.5 Fib which sits on the blue line too....similar to HSI, where its 0.5 Fib sits on the larger 0.887 Fib.

So we can expect both of them to move together, if HSI can find support then so will $BABA and both could recover together.

I am keen to add $BAB...

$NIO TOP 20

$NIO is still holding this level above the blue line and is not looking like it is making an significant moves anytime soon.

We can also see from the chart that the red line and the yellow bottom line converge exactly at the earnings date in March, meaning that very little may happen here until they report their earnings and the price could still drift down to this area until then.

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$IWM

Very interesting here from $IWM, it pulled back after rejecting at the blue line at $200 but managed to find support at the strong confluence level of the 50 Day MA and the 0.38 Fib and bounced....and testing the $200 blue line again now which has been a resistance line for the last 2 years.

$IWM needs to break above this line and hold and we can say that Wave 2 is now complete and we cou...

$FVRR - RC -

$FVRR continues to hold on the outside of the wedge and has pulled back to the standard fib levels now and has since found support.

The important resistance level to break above is the 200 Day MA which it has been battling to break down over the last month $27.30, it is just above that now but needs to retest and to confirm that this level is now a support.....if successful this could sta...

HSI

HSI is getting its pull back now since starting its aggressive stimulus measures, this is very important to watch now, whether or not the market believes that the measures will work....we are watching for a hold on the white Fib levels as shown, noting that the 0.5 Fib aligns perfectly with the much larger 0.88 Fib at 15500.

The HSI needs to make a higher low now and needs to hold support...

$BRK.B

Buffett's Berkshire has been moving exactly with the market, mainly due to its heavy holding in $AAPL and the consistent dividends it receives.

No changes to the chart here either and I am showing where I had Wave 5 finishing at the 1.618 Fib but this has been on the chart for the last 12 months now but I think we can expect the price to move up to the standard Fib 2 to complete Wave 5 at...

$BOTZ - ETF - WATCHLIST -

$BOTXS is the robotics and AI ETF and we have highlighted this a number of times over the last few months and I believe it is starting to make its move now to the upside....one more hurdle to get through first and that is to make a higher high, so needs to break above the green line at $30.30

We have the bull and bear case counts here and we can see that the price action is favoring the i...

$JPM - RC -

No changes to the chart here, it has been comfortably moving up our Wave 3 projection but has been met with some resistance at the blue line which was the previous high in 2021.

It has rejected once at this line at the end of 2023 but the 50 Day MA has assisted as a support level.

$JPM bulls are just looking for a flip of this line to support to confirm its next move up to $192.

SILVER

Silver has been consolidating sideways for the last couple of months, this has not been as bullish as Gold but certainly appears to be buying its time and waiting for a change in market conditions.

I believe Silver will make its move higher at the same time as Gold.

The price is still just below the 50 and 200 Day MA and also this strict yellow resistance line at $25.

Only whe...

$ABNB TOP 20

$ABNB followed on today from its bullish move on Friday and is moving towards the green line now which has been the 52 Wk high at $155 since back in July '23.

I would not be surprised to see some resistance here but a flip of this level to support with confirmation, then we could see a very bullish move next.

I have not added again since my two buys on Friday but a flip of the $155 ...

$DE - RC -

$DE has been struggling to maintain this ascending triangle after consolidating here for nearly 2 years.

A break down from this triangle and $DE can make a lower low to $280.

If the bulls manage to hold or recapture the ascending triangle then the price action can move back up to the blue ATH line again at $446....a breakout here and Wave 5 can complete at $620.

$NIO TOP 20

Very little to add to $NIO over the last few sessions as it hovers around the $6 level.

The market appears to need more information to encourage any movement here and the market is also likely waiting to see what direction $TSLA will take next or if it has found support.

We can see on the RSI that $NIO has surprisingly climbed out of the oversold territory and is now back above 30.....

$PYPL TOP 20

Back above the red trend line now but still below the 50 DMA on the 1hr chart which is also the 200 Day MA on the daily chart at $63, so getting and staying above $63 will be an important level for $PYPL next.

The finance sector is performing well today after $SOFI's earnings report and $PYPL is enjoying the benefits. The US 10 YEAR is also down -1% too, as it tests its own 200 Day MA. 2024-01-29 19:12:00 +0000 UTC View Post

$WYNN - WATCHLIST - RC -

No changes to the $WYNN chart here but it is worth seeing the longer term projection.

The price action has been consolidating above the wedge for the last 12 months and held the 0.5 Fib too at $84.

I believe this is on the cusp of breaking to the upside but the price needs to get above the 200 Day MA and flip this to support at $98. Once this is successfully done, the price action c...

$ONON

$ONON is at the bottom wedge trend line now and I believe this level needs to hold or the bulls are losing their structure.

A successful hold and bounce on this level and $ONON can test the 50 and 200 Day MA above and a breakout here and we will likely see a breakout of the wedge as it becomes very tight into this wedge now. 

A hold above the wedge and the price targets are abo...

$SOFI

No changes to the chart here, a lot of requests for $SOFI this morning after their earnings report has impressed the market....$SOFI and $PLTR tend to get a strong reaction from the market when they post expected or slightly better than expected earnings but the profit report is likely what did it for them today.

Wave 3 remains at the 1.618 Fib at $18.57.

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