The Long Investor

$COIN

Corrective Wave eliminated.

$COIN has broken firmly into the bull case and holding comfortably above the blue line and still showing more strength.

I still see a lot more upside here and Wave 3 could run to $115 next.

$BAX - RC - WATCHLIST

How many ascending triangle breakouts are we seeing today?

$ABNB

$CVS

$PYPL and now

$BAX

My favourite bullish formation as it really shows the bulls stepping in to buy every dip.

As always, I like this chart and have been talking about this chart since the breaking out in May.

$HD TOP 20 UPDATE

$HD just went for it and did look back.

Held Wave 4, recaptured the $303 support line and took off.

$ZM

I have been monitoring $ZM as it has been moving through this wedge and have been waiting for a break to the upside and this has just happened over the last hour, it needs to hold above the wedge now, for me, I would be comfortable entering above $72....this way I know it has made a new high and firmly above the wedge and held.

Likely a path to $85 is next.

$TDOC

$TDOC although bouncing today, it has struggled every time it has bounced, what I do see here is a double bottom with a strong bounce now.

Above the 50 and 200 Day MA on the 1hr chart now too.

$TDOC needs to start making higher highs and higher lows now to start confirming a reverse trend.

It is very much in the $ZM and $SQ category in Arks funds, where they have been beaten u...

$ABNB TOP 20 UPDATE

A lot of us who have been in this group loaded up in May when this was in the Buy zone and we started buying at $104.

We expected the price to run up to the yellow trend line and break out, it has done that now and holding above the trend line.

We can see that it is slightly consolidating in this bull flag, with an ascending wedge formed inside this now.....this is two bullish indic...

$PYPL

Looking strong and moving well but just at the red trend line that has been in place since April, a break above this and it is a clear path to our Wave 3 target at $72.78 before pulling back and then going higher to $75.

$FUBO

Before and after pictures here.

Can not get more cleaner than this.

$GOOG TOP 20 UPDATE

Getting very very close to our Wave 4 target and $GOOG is looking like the most attractive Mega Cap stock right now.

I have been accumulating under $118 and may look at adding one more time.

The yellow trend line is as good as any point to start a reversal for Wave 5 but let's not forget that there is a gap down to $112......but remember, there is no time constraint on when gaps can...

$SE

Sometimes stocks reverse exactly when you want.

And sometimes they go down further when you want them to reverse ($SE)

And sometimes they reverse earlier when you want them to go down lower so you can buy more ($NIO)

In both cases we still bought.

Instead of an ABC corrective wave for Wave 2, we are more than likely getting an WXY, so it is still a corrective wave but di...

$PFE

Still comfortably in this falling wedge here and getting tighter and tighter.

I am not seeing signs of reversing just yet and we can see that the 0.78 Fib comes down exactly to $34, so this is where I will be watching closely for a bounce....or a break out of the wedge to the upside.

The 50 Day MA is also following the wedge trendline down, so a break out of these two resistance lin...

$DHT - RC -

Not a good looking chart here and has gone quite murky lately since the start of this year.

The blue lines are support and resistance lines.

The middle blue line is the important resistance/support flip line, below this line and its resistance, above it and it has support....straight forward.

Right now the price action has gone below it and now below the 50 and 200 Day MA........

$OPEN - RC -

I was asked for an update here so all I have done is eliminate the corrective waves because this is glued to our green impulse wave.

So no changes here to our impulse wave from our previous chart.

$FSR

This potentially what I am seeing with $FSR.

Wave 2 pulled back to $4.85 on the wedge yellow trend line which was the 0.78 Fib level.

It has since broken out of the wedge and above the blue line and way above the 50 and 200 Day MA.

We can also see that the 50 Day MA is above to cross through the 200 Day to the upside.

So I have added in all 5 waves and the subwaves of wa...

$JMIA - RC -

So far $JMIA has broken out of this trend and wedge has gone above its 200 Day MA now.

Wave 3 bounced exactly to the 1.618 Fib and then pulled back to complete Wave 4.

Wave 5 should continue higher and we always set Wave 5 to the 2 Fib.....a lot of stocks are getting squeezed lately so do not be surprised to see the same happen here too and Wave 5 goes long and extended.

This ...

$HYLN - RC

In a strong downward channel here and just held so far at the 1 Fib. There is a lot to do here to turn this bullish, even the bounce now is likely part of a corrective wave C.

It has managed to get above the 50 Day MA but we can see over the last year that it has managed to get above and lose it continuously.

The 200 Day MA still determines the faith of this trend, it needs to break...

$HPQ - WATCHLIST -

This chart caught my eye this morning and boy is it beautiful!

1. So we have Wave 2 coming back to hold at the 0.618 Fib and bouncing - perfect.

2. An ascending wedge is then formed perfectly with a slight break out today in the PM.

3. Above the 50 and 200 Day MA's now.

4. A bullish cross of the 50 Day across the 200 Day MA.

5. PE of 11, FWD PE of 8.

6. Buffe...

$BLNK - RC -

Breakout of this long long wedge, above the 200 Day MA now on the 1hr, it also tested the 200 Day MA today and bounced.....we have seen how reactive this is from the $FSR chart today.

So this could be on to move quickly shortly.

$WYNN

Very similar set up to $ABNB here, broke out above the its long wedge and testing from above and although its moving down the wedge line....it is staying above it, so the trend line is offering support here.

We can also see that the 200 Day MA is coming straight up to the wedge line where support is.....this could be the catalyst that this needs to go higher, if it can bounce on this 200 ...

$DIS

5 times this has hit the yellow trend line at the bottom of the wedge.

The 50 and 200 Day MA's are just above as resistance levels....something needs to give very soon, below $87.80 and it has broken down from the wedge.

Buy zone remains under $84.

$HD TOP 20 UPDATE

Needed to hold that Wave 4 target and stay above $303 and it has done that and has bounced very well.

Above the 50 Day MA now too, clean path to $321 here I believe.

$PYPL

The sleeping giant.

Just so we all know why I've set the buy zone where it is and why I have been accumulating over the last few weeks and I think as far back as the middle of May.

Fundamentally this is as strong as you can get from a company with a market cap of $77 billion and even though its share price has declined substantially from $310 down to $58, revenue increased and they ...

$OXY - This was a close call to being COTW too.

A lot of opportunities at the moment and $OXY is another one.

I like how this has pulled back after Wave 2 completed and the pull back came right down to the 0.618 Fib and bounced, this is simply beautiful to see from a stock like $OXY.

Now we want to see this test the yellow wedge trend line above at $60, a flip here and we have lift off.

A lot to be bullish about here:

$MSFT TOP 20 UPDATE

Like I said yesterday, I believe this is in Wave 4 and again this is being confirmed today....as the $QQQ adjusts, this is certainly a buy the dip scenario and if you are holder of $MSFT, watch for the 50 Day MA at $324, if it loses this line, the next support is at the 2 Fib at $319/$320, and this will be a fantastic place to add to your position or even start a position.

$FSR

Judging by how little people have spoke about $FSR today, in spite of it up nearly 7%, there is a lot to be positive about.

The price has broken out of the wedge, retested from above and held the wedge line and in addition, held the 200 Day MA which was at the wedge trend line.....this is of course, not coincidental. 

Now the final test I believe is our blue line which we can s...

$NIO TOP 20 UPDATE

$10.74 has been tested today and although the price action is just below that price right as of publication of this chart, it is good to be prepared.

Bulls have been stepping in and this is a combination of money flowing into the EV market and positive sentiment towards Chinese stocks, a lot of stocks are benefiting from this and $NIO is certainly enjoying this too.......and registration ...

BUY ALERT

Added to my $PYPL position today 

$EL

Another stock I believe is in Wave 2 now, I am monitoring this pull back and watching for it to hold on the blue line which just happens to be the 0.618 Fib line too.

This company is the market leader in the beauty and cosmetics market and substantially down right now. EPS next year is expected to be 56%

A hold at the blue line and a break above the 50 Day MA and it holds, then this...

$PSNY - RC -

Is this the turning point for $PSNY? they have broke above this red down ward trend line, then tested from above and held support, it has bounced very well since and just testing the 200 Day MA on the daily chart now....all very positive signs.

A flip to support on the 200 Day MA will be the icing on the cake here and a signal that this is reversing. 

$QQQ TOP 20

$QQQ has struggled to get above the 1.618 Fib and has tested it twice now and rejected. The 1.618 Fib is where we normally set out Wave 3 targets but we know it can go higher if the momentum is there behind it. A break above $372 and its operations normal and this continues higher to $392.

I still have the EOY projection at $408.