The Long Investor

$AMZN TOP 20

Members will know how happy I have been with $AMZN this year, especially since the price continued to hold the 50 Day MA in March and we then saw the 50 Day cross the 200 Day MA in May, I have added to my position on all pull backs because $AMZN will be a long term hold for me, trimming profits only at the top of Wave 5 to add again when Wave C is complete.

I believe this company will be ...

$AMD TOP 20

Having a tough time getting above the 50 Day MA and still in this strict bullish flag, this is still positive, it means that the price can come down to the bottom of the flag next and the 200 Day MA will likely meet the price there too.

We haven't bought here yet but I am always in the market to buy when a stock goes lower while maintaining its structure.

We can see on a lot of our ...

$ABNB TOP 20

We have been patiently waiting for a pull back without chasing here, even though we really want to buy $ABNB but we are keeping to our strategy of buying on the pull backs.

We can see here that the 50 Day MA is just at the 0.5 Fib level now around $137, this is the area I will be watching for support and for this pull back to complete.

If the price can not hold the 50 Day MA then we...

$AAPL TOP 20

$AAPL has been struggling the most out of the main Mega Caps and is fighting to hold the last of the Fib levels at 0.887 at $174.

However, as long as it holds above the previous low then Wave 4 is in and we won't see this move down to the 200 Day MA, where I have provisionally put a Wave 4 and Wave C.

On the $SPY at $QQQ charts, they look a lot more comfortable that Wave 4 is in and...

$TLT

This has been tracking very well with our projections and little extra to report here, except that we want to see this hold support at the Blue line at Wave B at $91.80.

The trend has been downwards and the arc of the 50 and 200 Day MA is showing how aggressive the downward trend has been since the price lost support at the yellow line at $100.

$SPLK

$SPLK got its ascending triangle breakout and looking like it may come back down to test the breakout line as a potential support line next at $112.

A successful hold at this level and this will be a bullish indication and a buy signal, this is also why the ascending triangle is my favourite bullish formation, strong support levels and buyers consistently stepping in on any pull backs. 2023-09-16 04:14:53 +0000 UTC View Post

$IQ - RC -

Not much new to report but that the price has been testing the 0.78 Fib level twice and so far finding support, the one concern is that the price is still below the 50 and 200 Day MA, so holders can sit more comfortably when the price gets above these levels and starts moving to the previous high line at $8 and then we will be into the Bull Case here.

Otherwise the chart is still looking ...

$BIDU

Looking at the $BIDU you would never suspect that their was any issues or concerns with Chinese ADRs, the price is currently sitting above the 200 Day MA and has been moving sideways in a bull flag for the last few months accumulating.

The trend leading into the bull flag was bullish, so we expect the trend to leave the bull flag to be bullish too.

Looking slightly more comfortable ...

$LLY - RC -

$LLY has shown incredible strength and this Wave 5 is one of the most extended waves I have seen and this is a company valued at $550 Billion, so to see movement like this, it is similar to how $NVDA behaved.

The 4.618 Fib goes as far as $625, remember how we have never seen a stock go beyond this point and how $NVDA managed to get stopped out at this point too.

An ABC correction is...

$CROX - RC -

When I posted this in June, I said that I have never shorted a stock before but if I did ever start that $CROX would be the first one, solely going on how weak their chart was looking and this would have been a good short.....I believe some members did short this based on our chart.

The 50 day crossing the 200 Day MA down solidified the downward trajectory and $CROX is in dire need of fin...

$PTON - RC -

Hard rejection at the blue devil line at $6.66, the text on the chart has never changed, if the bear case support line is lost then the $3.30 target as a potential support line is next.

This chart does not fill me with optimism right now and comfortably below the 50 and 200 Day MA, after getting rejected in July and August at the 200 Day MA a number of times.

$BAC - RC -

Testing the blue line from below twice now and has so far rejected for now....it may attempt to test this line again but a further rejection could signal that there is selling pressure and this could move down quite quickly to our $24.50 level.

$BAC has certainly shown more weakness than $JPM but I believe there is an opportunity here if $BAC can get as low as $24.50 and I would gladly ad...

$DAL

At an important junction now, just holding above the 200 Day MA which is conveniently exactly at the top of the wedge trend line, we can also see that the blue line is just slightly above which was the previous highs at the start of the year....when the price went above the blue line in June, the share price moved very quickly.

I am seeing this as a leading diagonal Wave 1 here but it is ...

$MGM

The MGM systems are still under attack and they can not sell any rooms in any of their hotels in Las Vegas, so no new bookings, this has been ongoing for a number of days now and likely to continue until next week.

The share price is already down 20% now and has lost the 50 and 200 Day MA today, I expect the share price to continue moving down as long as this issue continues because it is...

$AMD TOP 20

She's not ready just yet....still the 50 Day MA to negotiate above first to signal a reversal and just hovering around the 0.38 Fib now at $102.

The 200 Day MA is just below at the 0.5 Fib at $93....which makes this an interesting confluence level too.

When it is ready to move then it will do so, Tech stocks are getting hurt a bit today so it would be a surprise to see $AMD, $NVDA a...

$FSR

Yesterday we said we could almost start to get excited for $FSR and that feeling has translated into a very positive day for $FSR, also considering how weak the market is behaving too today.....so this is a very positive move for $FSR.

Like I said yesterday, getting above the previous high at $7.22 or a retest of the blue line/200 Day MA at $6.41 and holding support are both good indicati...

$ZM

In the last post we said that we are happy to see this find support on the confluence level at the 50 and 200 Day MA, now we need to see this getting above the yellow trend again, last time it broke out but on the retest it did not hold support so this is important now, as this trend line is in since October last year so converting this to a support line would be a strong sign of $ZM confirming...

$PFE

Tentatively sitting on the 0.78 Fib at $34 here, its showing support but this is definitely on a knife edge so we need to see more of a bounce and then a retest to show that $34 is a support line and willing to hold for us.

Moving sideways along this line will help too but we are not seeing signs of reversing yet, so lets stick with this and monitor how it handles the $34 level.

$DNA

Hit $1.90 exactly today and so far is holding support, very interesting here now.

Ideally what we want to see now is a bounce and retest of the support line and we can confirm that we have support here.

Members may start adding now since it hit our level today too.

The chart is looking very structured and is doing what we have expected, so no surprises now and this should move...

$BABA TOP 20

'Chinese industrial output jumped 4.6% year-over-year in August, ahead of expectations among economists surveyed by FactSet of 3.8% growth and marking an acceleration from July's 3.7% increase. Chinese retail sales — which have a clear read-across for the big e-commerce names — surged 4.6% annually, above expectations of 3.1% and up from 2.5% in July. ' 

Positive news from China ...

$NIO TOP 20

$NIO continues to work its way through this Cup formation and had a comfortable day yesterday, we can see that $NIO is up nearly 3% in th PM now, I still expect $NIO to trade within the range as shown and what in the range we have been experiencing but a bounce is still well over due.....however we want to see a bounce for Wave 3 next.

PM is looking good so the next level to watch on the ...

$VET - WATCHLIST -

Another energy stock that should be on your watchlist.

If the price of oil continues to move higher, many energy stocks will benefit, I am already heavily exposed to $OXY but for those that missed the lower price, $VET appears to be starting Wave 3 now and held perfectly at the 0.618 Fib and above the 50 and 200 Day MA on the daily chart.

Adding energy to your portfolio will help yo...

$ROP - RC - WATCHLIST

A reminder of this stock and chart.

Looking very good and strong here and approaching our blue line which was the previous high in the middle of 2021.

A break and hold above $505 and we are into the bull case and Wave 3 is again confirmed.

It is slow and steady but safe.

$NVST - RC -

Nice looking chart here if it can break to the upside out of this channel once it hits the 0.618 Fib at $26.

The main concern is that this stock is only on the exchange since late 2019 so there has only been two main waves so far and the whole structure can still be an ABC count as shown too.

A break above the MA and the channel would have me leaning towards the bull case then and n...

$TMDX - RC -

Following the chart very well here and we can see that the 1 Fib for Wave 4 is exactly on the blue line which was the previous high in early 2021, so this is a strong confluence level, so looking for support here would be ideal.

Once support is found then this can move higher for Wave 5 and at $114. So there is a lot of upside here once Wave 4 holds.

$ETSY

A number of requests for this to be uploaded again but as you can see, there is nothing for me to update here, it is just at the blue line and because this is Wave C of Wave B, it has no problem going slightly below the blue line, it does not invalidate the count.

So the projection remains as shown until we can see more price action.

Staying above $67.20 should be the first aim for ...

$DNA - HIGH ALERT -

$DNA is in our target area between the 0.5 Fib and the 0.618 Fib, between $2 - $1.90.

We can also see that the price is just at the 200 Day MA on the 1hr chart acting as support, we need to see this support held now and I am happy that Wave C could be complete and we start a move to the upside next.

I will be watching for signs of reversing now, so support held, a move for highers h...

$COIN

While the 50 Day MA is still acting as a resistance line and we are below our blue line, bull case trigger, then I still expect this to come down to finish Wave 5.

Noise has started to cool down on the crypto concerns front and buyers have been adding slowly here since August but I suspect one bad announcement again and this will continue its trajectory down further.

So Wave 5 at th...

$BRK.B

It has been awhile since I put up the Berkshire chart and wow has it been following our projection to the money.

Very impressive show of strength here form $BRK and following the strong Mega Caps like $AMZN and $GOOG higher, I do not believe that Wave 4 is in yet so there may be an opportunity to add here in October.

Buffet has done an extremely good job weathering the storms throug...

$SE TOP 20

Short update: In the last upload we said to watch for support on the green fib levels and so far it has held the 0.5 Fib very well, so now we want to see a retest of the 0.78 Fib level at $40.56, which is also our blue line, a flip here to support and we have good momentum, obviously still a lot more work to do to recover the large gap drop after earnings but we are watching how to handle when ...