The Long Investor

$PLTR TOP 20

This is my Top Buy stock when it hits our target Fib levels between the 0.5 Fib and 0.618 Fib between $13 - $11.30.

We have been patiently waiting a long time for this to come in, since May effectively and it was certainly a test but we never chase and that has us in a situation now where a lot of the stocks we have wanted, have all come down and in an attractive buy area shortly.

S...

$NKE TOP 20

$NKE's share price is exactly on the yellow trend line right now which is taken from the Covid Low in March 2020 and the low in Sept 2022 and it is very close the 0.78 Fib as well.

The RSI on the daily chart is also down at 20 right now so this is very oversold.

$NKE has been weak for us this year and I am not recommending a buy here until I see more strength and it is hard to try a...

$GOOG TOP 20

There are times that I use charts and I am amazed with the information it gives me and the coincidences I see on charts.

$GOOG pulling back at the 2.618 Fib is one of those times.....it was very bullish at that time but 5 waves were present, so theory says that a pull back is next, so we kept the chart as it was and on que, the pull back came, along with the market and this is on track to...

$MSFT TOP 20

$MSFT, $AAPL, $AMZN, $GOOG, $TSLA and $SPY are all in the same boat together, desperately fighting to hold their respective support levels and the decline seems inevitable if I am being honest, unless something strong happens on Monday and they all rally together....what that catalyst is right now? I do not know.

If $MSFT is the Mega Cap you own then I believe adding if this reaches its 2...

$INTC TOP 20

This weeks fake out was probably the worse fake out I have seen this year, the second worse one was also from $INTC in April.

We have not been convinced of $INTC's ability all year and the moment we think it has turned a corner, the moment it behaves exactly as $INTC always does.

We can see in June, July and Sept that $INTC rejected at the trendline at $37 but when it finally broke ...

$F TOP 20

$F is at an important junction here, the momentum has been behind it and any pull back during the week was bought very quickly but there is two glaringly obvious concerns here....

1. The 200 Day MA is a firm resistance line over the last 3 weeks and 

2. The 50 Day MA is just passing through the 200 Day MA now

And when a stock is trying to break out of a resistance line an...

$DIS TOP 20

$DIS needed momentum and needed the Bulls to step in but unfortunately it picked the wrong week to find help.

Nothing was going to turn bullish and certainly not $DIS since that has been struggling to find buyers over the last few months.

So there was another attempt to stay above the wedge and the moment the price hit the 50 Day MA this week, it rejected immediately and has come do...

$COST TOP 20

$COST is the one stock exception that has been holding up a lot better than others but the concern here is that this has not made a new high yet and we could be seeing a longer ABC and this goes the same way as the other stocks and comes down to the 200 Day MA at $515.....and where is the 200 Day MA on this chart too?....exactly at the 0.618 Fib too, which is the perfect spot to hold and comple...

$BTC TOP 20

$BTC has gotten a bearish cross on the daily chart with the 50 Day MA moving down through the 200 Day MA and in spite this, the price has been holding above our important blue line at $25k.

But this may be an indication that things will start turning bearish for $BTC.

That being said, the count has not changed since April I believe and this is remarkable for a crypto chart, which is...

$AMZN TOP 20

I am currently getting spoilt for choice at the moment because stocks I have been waiting for months to buy or add too have all decided to come down to their ideal levels to buy at, at the same time.

$AMZN is a company I have been adding to all year and stopped in July. Members that have been here since before their earnings in August will know that I wanted to buy (double my position) in...

$AMD TOP 20

Another stock that this is firmly on our sights to buy too and this is at its 200 Day MA, I have seen a lot of members eager to buy this week but like I always say, be greedy for confirmation, so waiting for the 200 Day MA to show a sustainable support and a retest would be ideal here, as the market is so weak.

The 200 Day MA is also quite high here as it is just above the 0.5 Fib, and we...

$ABNB TOP 20

$ABNB has been 1 of 4 companies that we have been watching closely to buy but support does not appear to be in just yet, there is still selling pressure here and it is behaving in line with a lot of the Mega Caps too, failing to hold important Fib levels, this can come down to its 200 Day MA too which is exactly at the yellow trend line right now at $120.....I would take full advantage of this ...

$AAPL TOP 20

On all of the Top 20 Charts uploaded this evening, I have added in the MACD indicator to help us see where the trend is on each chart and the market, you will notice that there is a common theme on all the charts and we can see that our charts are from different industries and markets but yet all follow the same trend, with the exception of one or two.

Meaning that every industry is feeli...

$TMO - RC -

We can see 5 well structured impulse waves in green until the end of 2022 and we are seeing an extended corrective wave right now, it is not confirmed whether the corrective wave has completed in October 2022 but since the start of 2023, the price action has been consistently declining and making lower highs, we can also see that the price has lost the 200 and 50 Day MA and approaching the 0.88...

$URA - RC -

Uranium ETF and performing very well and since the start of the year and it has been a good hedge over the last 2 months too.

But Wave 4 has not come in yet and its Wave 3 looks very extended now, slight pull back during the week indicates that Wave 4 may have started already, like a lot of the stocks we are watching, this is only a pull back and not a correction, the correction will come...

$PG - RC -

Requested chart but no changes to the projections here, I have added in the ascending triangle  as it is a bullish formation and we can see that the bottom trend line in the triangle conveniently follows the 200 Day MA right now at $149. So this would be a suitable area to find support and bounce to continue up Wave 3 to $189, at the 1.618 Fib.

Failure to hold this level and we are l...

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$SPY TOP 20

I am putting $SPY up early this weekend because I have spent some time on it today and wanted to focus on this without the distraction of having to upload 20 other charts too, as part of the Top 20 list.

The blue line at $431 did not hold this week and this made a new low so for the short term at least (one more week or so) I expect this to come down further and there is a very strong con...

$RIG

$RIG is in one of those situations that it will continue to climb whether or not it is in the corrective or impulse wave. 

I am encouraged by the pull back in the middle of 2022 to the 0.618 Fib that this was a comfortable Wave 2 count.

So once the 1.618 Fib is reached at $10.20, be prepared for a pull back to the blue line at the 1 Fib at $7.20

$PSTG

Pure Storage, the boring play but it is still looking good, it is never going to make the headlines but sometimes these are the best companies to buy.

Another company that has a possibility of coming back down to its 200 Day MA before going higher but once it stays above the blue line at $29, this will stay in a strong position.

I am seeing that on a lot of charts over this weekend ...

$ORCL

I remain bullish on $ORCL and the structure could not be more strict and neat.

We can see the 200 Day MA moving up to the blue line now so once $ORCL moves slightly sideways until then, we have a strong confluence level at the blue line with the 200 Day MA, this should offer support and move this up to our Wave 3 target at $169.

$ORCL flies under the radar but they are a well run co...

$NU - RC -

$NU has been holding up quite well compared to a lot of stocks and holding its structure very well, it has lost its 50 Day MA but very much still in the Bull Case and following Wave 5 here, likely in Subwave 2 of Wave 5 right now.

We can see that the 200 Day MA is just at the blue line now and we should all know by now that this is never a coincidence.

If the market loses its critic...

$TGT

Really is going down to the Second Target at $105.

When I first constructed this count, I could barely believe the price level it could fall to on some woke comments but the people have spoken and they did not like $TGT's
policies .....and I have to agree, they went too far with targeting kids.

I have had this buy zone in place for months now, so we will see where support is fou...

$LLY

Last week I updated this and said that it was stretched and expect a decline, I know our sharp traders were on this quickly and this is already down -10% in a week.

We highlighted before that the 4.618 Fib has not been breached before and $LLY is no exception....in spite doing everything right and being in the right industry for the last few years.

Next test will be at the 50 Day MA...

$TSLA TOP 20

$TSLA had a very weak finish to the day and week and has dropped aggressively out of the bearish channel and below the 50 Day MA, looking firmly to have the 200 Day MA in its sights now at $208.

I have no doubt that $TSLA bulls will step in and buy this if it can reach the 200 Day MA, especially if support is found early.

So if you are a fan of $TSLA or any of the Mega Caps I have s...

$BAC

Financial stocks have been the main topic today and we can see that it is not only $PYPL, $SQ and $SOFI that are suffering, $BAC has had a firm rejection at the blue Head and Shoulders neckline at $29 and the downtrend looks confirmed now.

I have this moving down to $24's here and I feel this would be an excellent buy at this level.....there is likely to be much better returns buying 1 of...

$DNA

Another stock holding the 0.78 Fib and just above the 200 Day MA too which is close to the 0.88 Fib.

$ARK funds have started to add aggressively this week as this pull back is so far holding the typical Fib levels.

It does not appear to be going much lower but I have not need seen any signs of reversing just yet so I have not added here yet and we will wait until early next week. 2023-09-22 20:17:48 +0000 UTC View Post

$SOFI

$SOFI appears to be suffering the same faith as $PYPL and $SQ and experiencing some short term pain, the higher interest rates for longer announced by Powell this week has not gone down well with the Finance stocks this week and these 3 stocks are certainly feeling it.

We also had Wave 4 infringe on Wave 2 so the impulse wave is hanging on only slightly here, the only possibility for this...

$FSR

$FSR the heartbreaker. Not handling the pressure and not getting the support today when many stocks are getting some relief.

We can see however that it has held on the support line in an ascending triangle right now, so it has still held its structure and it is still in a bullish formation but any break down here and it is back down again to fight another day.

I would like to add to...

$OXY

$OXY has been performing a lot stronger than most and has just been testing the 50 Day MA and still above the 0.38 Fib still too.

Oil prices remain a talking point with many believing the price will continue up to $100, this will directly benefit $OXY's share price.

The 200 Day MA is slightly below the 0.38 Fib and I expect this to act as a support level if the price continues to pu...