The Long Investor

$SQ

Chart above is the daily chart and I wanted to upload this for an important reason.

However, the 1hr chart is showing that the price action held at the 200 Day MA today and bounced, so I am happy to see that, we can see as well that the 0.78 Fib is at $71.17 as a potential support level too...it wasn't needed today.

Count is still valid as Wave 4 did not protrude into Wave 2's count...

$FSR

A lot of happy members here watching this, including myself.

Wave 2 has held at the 0.618 Fib, we got above the 50 and 200 Day MA on the 1hr at $6, we then broke above the important $6.41 level and have been moving very well since.

Next test will be getting above $7.21 which was the previous high, this would confirm the impulse green wave for me.

Staying above the $6.41 is th...

$ABNB TOP 20 UPDATE

Showing some weakness now leading up to earnings, which are due after the close today.

I have taken some profits here when $144 could not be held at the yellow line, which was the previous high in Feb, there was a small retest of the yellow line yesterday and the price failed to stay above it.

We can see that the 200 Day MA has come right up to the price action today and offered sup...

BUY ALERT

$PYPL

$CROX

Has done little to turn around this clear large ABC correction.

Some of my early followers from Twitter will know how I have said for over a year now that this entire structure has been corrective and in spite of continuous earnings beats the chart remains in tact.

Price has lost the 50 and 200 Day MA and the 50 Day may cross down through the 200 Day MA very shortly, making this s...

$AR - RC -

I am keeping to my count here, in spite of the positive run leading up to earnings which resulted in a miss on earnings.

Price is just being held down by the 200 Day MA now on the daily chart, a flip here would be a strong sign that the worst is behind it and we will revisit this chart but for now, there is no changes to my projection.

$PDD - RC -

Chinese and Asian stocks are still maintaining bullish structures and with $PDD, with its price action lately and holding in between the 0.5 Fib and the 0.618 Fib for Wave 2 and staying above the 50 and 200 Day MA, I am open to this being an impulse wave too.

Again we can see that the 50 day is about to cross through the 200 Day MA to the upside here too on the daily chart.

We are s...

$VET - RC -

A reminder about this chart.

Uploaded last week and following the chart nicely and reported earnings today with a 97% increase in EPS.

The share price has been curling around the 0.618 Fib, just the 200 Day MA above at $15 to break above and hold, this would be in a strong position to follow the impulse wave then.

$W - RC -

$W reported today and up +10% in the PM after a surprise profit report.
Revenue fell less than forecast however.

We can see that Subwave 5 is looking very extended now and still may run up as higher as $89, all the way to the 4.618 Fib, I have not seen a Wave 5 go higher than this point.

We would expect to see a corrective wave next, I have provisionally put in an ABC count com...

$ZM

$72 could not hold but there is still a lot to be bullish about here.

The pull back stopped exactly at the 200 Day MA and the bottom of the bullish wedge trend line, which happened to be exactly at the 0.5 Fib too.....these are three important support levels and they all intersected each other and the price did hold support here.

The PM is showing flat here but there is no denying t...

$NIO TOP 20 UPDATE

Yesterday could not have gone to plan any better and I am really happy with the supports it held and finishing the day flat and even going green throughout the day.....it was a bloodbath yesterday and $NIO held extremely well, considering its strong move to the upside over the last 2 weeks too.

The PM is up right now but I am not changing my count just yet, if we look at Subwave 2 of this...

$BABA TOP 20

Count projections remain as before, the pull back yesterday was more than expected but unless you produced a positive beat on earnings yesterday, the vast majority of all stocks were in the red. 

The 10 year, the Fitch downgrade, Trump indicted again, the market in Wave 4....all played a big part in yesterdays sell off.

I did add on the pull back yesterday after dropping 5% bec...

$PYPL

Earnings just out, I need to go through it more thoroughly but nothing is sticking out fundamentally to show me any concerns.

Chart wise, we can see here that the After Hours price action has brought this right down to the 0.5 Fib in amber which has been on this chart for a few weeks now......no coincidence.

The plan remains the same here, we wanted this to come down to $66 and we g...

$DIS

Back out of the wedge again and resting on the 50 Day MA on the 1hr chart.

It is a tough day for any stock today but especially one that is just about to find its feet again and trying to reverse.

Sideways movement here would not be a bad sign as it weathers this storm.

Staying above the blue line is important, we know that below $84 is the buy zone....but still a bit to go be...

$SE

Same chart I uploaded two days ago.

It got the break out of the ascending wedge on monday and now coming back down, looking like it wants to test the 200 Day MA for support for the 4th time in 3 weeks.

No concerns, like $IQ, the market always give people a second chance.....in $SE's case, 4 chances.

The lowest this can go is the 0.618 Fib at $58 before I get concerned.  2023-08-02 15:47:06 +0000 UTC View Post

$AMD TOP 20 UPDATE

We were not convinced of that earnings report yesterday and rightly so.

Bounced at the opening today and dropped aggressively then, we can see that others who reported today are performing perfectly well  but $AMD did not produce a show stopping report, unlike $NVDA's previous report and the market has reacted accordingly.

We want to see this continue to come down and the plan ...

BUY ALERT

Added to my $SQ position. 

$DNA - RC -

Finally started to give us a meaningful pull back, we knew it was coming but it wanted to keep on pushing higher beforehand.

We can see that the 200 Day MA is making its way up to the price action now on the 1hr chart, which is also the blue line and just above the 0.38 Fib level.

A hold at this potential support level and the corrective wave could be complete.

Next support le...

$SQ - WATCHLIST -

I think I have said the plan here about 100 times but I just want to make sure everyone is ready because this chart has been following our count perfectly and I want us to be ready to take advantage of this.

Again we can see that the 1.618 Fib has acted as a perfect resistance level, where we were expecting Wave 3 to complete and I believe we are comfortably in Wave 4 now, the PM is at $7...

$ZM

I have committed to $ZM and will take any advantage to add at a lower price.

We can see all week that a battle has been taking place to stay above $72 and the bulls won that battle yesterday but the PM continues this battle again.

We can see on this daily chart that the 200 Day MA is at $71.33, the PM activity has not been able to go below this level. So more of this.

I have n...

$IQ

Incredibly, the market always gives you a second chance.

$IQ is right back at $5.87 now, which is exactly at the breakout level we were watching last week.

A hold here would be a buy signal.

How many people said last week that they would have loved to buy here but missed their chance last week.

This is a very common situation to be in......and more times than not, people...

$KWEB

I am watching for any weakness in Chinese stocks too and I am not seeing it.

So far this chart is incredibly neat and structured.

Pulling back to test the top of the ascending triangle again at $30, a hold here and this is a strong statement that Chinese and US stocks are not coupled together.....and rightly so. Both economies are at different economic cycles.

<...

$LI

Has been glued to our trajectory for the last few months and just at the 1.618 Fib now too to complete its Wave 3.

As long as a chart behaves this structured, we will always be able to make money from it.

A pull back now for Wave 4 would be an excellent add here at $36 before going higher to complete Wave 5 at $50

$TLT

This is the first time the 20 Year Treasury Bonds have broken down from support. It has held this level since November 2022. So unless the price can recapture the yellow trend line immediately at $99.30, then this is into the bear case and following our corrective Wave B down to $91.

$SOFI

I am going through a lot of my charts before the market is open to prepare for any events and all I am seeing are healthy pull backs. This is across the board and with some small to mid caps still very much in a bullish structure, so I expect these structures to stay flat during any sort of pull back across the wider market.

For $SOFI, this is in a Subwave 4 pull back now and this should ...

$NIO TOP 20 UPDATE

OK we expected a pull back and it has already started since yesterday. No surprises here.

The PM is showing -4.5% already so it may be pulling back a slight bit more than we wanted but this is still valid.

The White Fib levels are showing where the support levels are for this subwave 4 count, so we expect this to hold either at $14.11 at the 1.27 Fib, which is also the level we show...

$HOOD

Just uploading this chart again because their earnings are out tomorrow after hours and it is in the exact same situation as $CAT was yesterday when we uploaded their chart, before their earnings today.

Testing the blue line which was the previous high and a break above this level and it holds, then we are into the Bull Case and this continues up to the 1.618 Fib at $17, price is at $12 n...

$SHOP

Earnings after the close tomorrow here too and just a reminder of how neat this trend has been.

Strictly in this channel since October 2022, working its way up and down the trend limits since then.

I have not seen a more structured and disciplined chart as this lately.

So the targets remain the same here, Wave 3 target is at $85.

The 50 and 200 Day MA's on the 1hr have b...

$OXY

Also has its earnings after the close tomorrow.

Forming a bullish wedge here leading into earnings too.

The theory is that; the trend leading into the wedge, leaves the wedge in the same direction, in this case it is to the upside.

Our Wave 3 target remains the same at $80 too.

I have added in the White Fib levels below incase it misses and we need to know where the supp...

$CVS

Earnings report out before the market opens tomorrow.

Wave 3 target remains where it is at the 1.618 Fib at $77 , as I can not see a subwave 5 in this Wave 3 count yet.

Regardless of what happens tomorrow, we want to see see this stay above the blue line at $72.50 and keep the impulse wave live.