The Long Investor

$ONON

The plan here remains the same, we can see that Wave A looks comfortably complete and a bounce now for Wave B as expected, I am seeing this as nothing more than a Wave B relief bounce before going lower, possibly down to $25....and I said before, this is certainly a stock I have been watching closely in the background and would consider this a potential 10 bagger if we can pick it up around $25...

$META - RC -

$META is certainly still fighting to stay up but I am seeing bearish indications.

A break down from the ascending wedge and a rejection at the 200 Day MA on the 1hr chart twice.

I think if this goes below the blue line and a lower low....this could move fast to the downside.

I have the 0.5 Fib at $208, this is the best case scenario for $META, holding here would save this as a...

$DNA

What I really like about $DNA is how structural it is, it is not offering any surprises and following the bearish formations and breaking down as expect and now comfortably in Wave A, I expect Wave A to continue down further, we shall then get a relief bounce for Wave B and then continue lower to finish at Wave C....before moving higher again.

A lot of people missed the aggressive move at...

$COIN

Txtbook here from $COIN, rejected at the 200 Day MA on the 1hr chart and just below the blue line and is moving down nicely to our Wave 5 target.

I am curious to know who is interested in buying $COIN when it comes all the way back to $68, considering this was up at $115 in the middle of July.

$AMD TOP 20

I alerted earlier than I am watching $AMD, $TSM, $PLTR and $ABNB this week as potential buys so we'll update these regularly so we are ready.

We can see that the price rejected at the 200 Day MA today at $109.05, which is what we were expecting so we are getting a pull back now, this is no different from the chart I uploaded over the weekend....so we are watching for between the 0.38 Fib ...

$NIO TOP 20 - SECOND UPDATE

I am just uploading the 1hr chart now because the price has pulled back exactly to the 50 Day MA at $10.72 on the 1hr chart from above. It has so far tested and held....we would like to see this hold now.

If it can hold support then we will be watching for the $11.50, which I alerted on this mornings chart, where the 50 Day MA is at on the daily chart.

Getting above $11.50 would mea...

$ZM

This is the first time that $ZM has broken above the trend line since November 2022.

What we are watching for now is that the price stays above the yellow line at $72.30 to be precise....it is bouncing well now, so if we can get a retest of the line from above and it holds, this is confirmation of support.

This chart has not changed since the earnings on the 21st of August, it has a...

$PGY - RC -

In an impulse Wave 5 now and found support on the 50 Day MA and starting to move higher now....watch for a break above the previous high to further confirm the Wave 5 uptrend, above $2.85

There is a very large Gap between $3 and $6.90, the price action does look like a move to the upside here, so it may take its time here, as shown from my green impulse count and the ABC correction or the...

$SPOT - RC -

I see this firmly in its corrective wave here and waves have been moving in very aggressive moves too, which is not typical of an impulse wave....unless it is Wave 3 and this is certainly not Wave 3.

Those who have been following our chart on this will remember when we advised caution on the ascending wedge in July and said that we expected a break to the downside next....the stock caught...

$AFRM - RC -

No changes to the chart here either, the bulls fought very well to keep this on the outside of the wedge yellow trend line and the moment it hit the 200 Day MA, it took off to the upside.....we do like to see a confluence level like this, when a trendline and MA meet and offer strong support.

So the impulse wave is confirmed here and looks like this will move up for Wave 3 here....$AFRM i...

$BOTZ - RC -

This chart has been asked for again and there are no changes but it is worth highlighting this again and how potentially beneficial this chart is looking.

Price has come back to the test the 200 Day MA and has bounced since, still more work to do to eliminate the bear case and corrective wave but it is certainly off to a good start.

This is a Robot and Ai ETF and I think it should b...

$NIO TOP 20

We had a very nice end to the week, with a +7% gain on Friday. The price stopped short of the $11.50 level which is the 50 Day MA on the daily chart, as seen above.

However, we are still between the 50 and 200 Day MA (at $10.20 still)

So we are at a junction here, a break above the 50 Day MA a $11.50 and it holds above and this is certainly bullish, a rejection at $11.50 and we sho...

$OXY

I wanted to add $OXY again tonight because the chart is looking very appealing here yet again....strong friday and finished way above the 200 Day MA and will likely test the highs again at $66.

Tensions will continue to rise as BRICS starts focusing on oil price control and I expect the price of oil to move towards $100, which was reported a lot over the weekend....this will benefit $OXY ...

$QQQ TOP 20

Getting above the 50 Day MA was important this week and quite frankly, it had no problem cutting through it and it was a very bullish week.

A retest of $370 can still come when the market opens this week but staying above this level and we are moving higher.

For me, Wave 4 and Wave 2 were identical in length and it has really helped to judge this market, so we should be leaning bull...

$SE TOP 20

We have all been watching this closely, those that are holding and those that are intrigued as to whether this will rebound and fill the earnings gap up to $56.

Either way, it is part of my Top 20 for a reason and I believe there is value here....however testing it is.

The MACD is very interesting here, it is showing the trend that sellers have dried up and it is starting to cross b...

$PYPL

Very happy here also and back in the green now with $PYPL after lowering my average after it bounced on the trend line.

I am bullish on $PYPL and like its fundamentals and its chart, some may see a risk here but that is not how I see it....in spite of popular belief, the lower the price on a fundamentally strong company, the lower the risk.

And I am on the constant hunt for stocks w...

$PLTR TOP 20

I have uploaded this a number of times during the week and I wrote a very long lengthy commentary on my plan to enter here, so I suggest you take a look at this commentary, by searching $PLTR on the main page and you will find it.

In short, I will be watching between $13-$11.30 to scale in.

All buy alerts will be uploaded to Patreon only.

$INTC TOP 20

The problem child continues.

About to test a triple top here now, after rejecting twice on this $37 line but each pull back made a higher lower so a larger ascending triangle is still valid here.

A break above the trend line at $37 and the bulls have it and the targets are above as shown.....a third rejection here and it is down again to follow the corrective 5 waves down.

$AM...

$GOOG TOP 20

Chart has not changed here and we are right at the Wave 3 level I have had here for a number of months....so I am leaving it as it is, we know that $GOOG had a good month, in spite of many Mega Caps experiencing some pain, along with the rest of the market.

You can see clearly that 5 Subwaves are evident in this Wave 3....and I have added in the smaller minute subwaves of Subwave 5, to sh...

$F TOP 20

We have uploaded this during the week and not much has changed and we are happy with how this is moving, just about to break outside of the wedge and we want this to hold firm then, a retest of the wedge from above is bullish.

Next we need to see a break above the 0.618 Fib and then above the 200 Day MA, a successful breakout of these three levels and the bulls have confirmed the directio...

$DIS TOP 20

$DIS finally broken down from the wedge this week and it is a far cry from holding on the outside, on top of the wedge now.

We are in the buy zone now and between the blue lines, $79 is the covid low line, losing this and $DIS will need to find support on the red trend line....I do not expect this to go lower than the red trend line.....if it does, it is certainly in a difficult situation...

$BTC TOP 20

The delayed SEC filing has slowed down $BTC's move and a lot is riding on this ruling, whether to approve a Bitcoin ETF or not....approved and this is bullish and corresponds to how our chart looks.....unapproved and there is a risk of the structure breaking down.

It has managed to hold above the bullish blue line but it definitely feels tense for Bitcoin and a lot of holders will be feel...

$BABA TOP 20

We had a good week here. Above the blue line, above the 50 and 200 Day MA and stayed above the yellow trend line.

I can see a large wedge formed now from October and the price is keeping within the dimensions very well.

A break above this wedge at $100 and holding is what we want to see next, then getting above $102 for a new high would confirm the impulse wave.

A very informa...

$TSLA TOP 20

$TSLA was looking like it survived its aggressive pull back from $300 and found really good support on the blue line and bounced, it comfortably stayed above the 200 Day MA....but then $TSLA decided to lower the price again on two models, for maybe the 6/7 time this year.....which investors were already concerned on $TSLA's margins as it is.

This caused the price to reject heavily at the ...

$SPY TOP 20 - IMPORTANT NOTE

We have watched and updated this during the week so I think we all know where we stand.

It took exactly a month for Wave 4 to start and finish and Wave 5 to be confirmed.

Some people felt this was the end of the world and some people truly learnt, I hope most of us are in the latter camp.

I am certainly a little concerned with how some people managed this pull back....some fel...

$MSFT TOP 20

$MSFT has still not broken above its 50 Day MA and although it still has more work to do, I can not see how this does not follow the other Mega Caps higher if they start moving up Wave 5 too.

So I think buying $MSFT at any price here below the 50 Day MA is a very good move and you are looking at a 20%+ gain until Wave 5 completes towards the end of the year.

Like $AAPL, $MSFT is saf...

$COST TOP 20

$COST finally got its pull back and it was a very clean ABC count too,

Price fell between the 0.38 Fib and the 0.5 Fib, not as long as many pull backs but this reinforces the notion that $COST is a popular stock and like I have said many times before about $COST, any substantial pull backs will be bought up here.

The price just finished below the 50 Day MA at $544, so a break above ...

$AMZN TOP 20

$AMZN and $GOOG were the real winners of this Wave 4 pull back....$GOOG barely went untouched and $AMZN (so far anyway) has had the shortest potential Wave 4 pull back of all of the Mega Caps on the S&P, it is definitely short but it is valid, as there are 3 waves present.

Apart from $NIO's pull back, my portfolio was largely untouched bare a a few percent and I completely took advant...

$AMD TOP 20

$AMD had a strong week and comfortably holding above the 0.38 Fib at $102 now.

The next hurdle is getting above the 50 Day MA at $111 and holding.

Ideally we would like to see this break above, retest the 50 Day MA and then bounce, a successful retest and hold is a confirmation of support and a buy signal.

So this is what we will be looking for this week.

A rejection at ...

$ABNB TOP 20

Big news dropped on Friday after hours that $ABNB will be added to the S&P 500 index on the 18th of Sept.

This is incredibly bullish news for $ABNB and from our chart, we can clearly see that this was in the right position to move to the upside...since it held at the trend line and the 0.618 Fib and bounced, this catalyst will almost certainly move this up Wave 3 now.

Ideally we...