The Long Investor

$AMD TOP 20

Pulled back to just above the 50 Day MA on the daily chart and bounced towards the end of this week.

A lot of people believe that the pull back is now complete and this should go to a new high.

You can see that the green impulse waves have been perfect, with no overlaps and Wave 5 completed....so we want to see the amber 3 corrective waves completing now...I have highlighted our Wav...

$AAPL TOP 20

$AAPL went where no other company has gone before and reached a 3 $Trillion market cap  this week and has not altered from our impulse projection in months now. It continues to protect the market and has proven that above all assets out there, $AAPL is the safest haven to have your money.

$197 is still my Wave 3 Target and after comfortably breaking above the All time high line, I se...

$TOL - RC -

The member who sent me this chart request ticker consistently finds companies that are in strong positions and their charts look good and $TOL is no exception.

Fundamentals look strong too but one concern is their potential growth for next year.....every company is working on this, the market is showing that they believe the company can improve on their growth for the next few quarters. 2023-07-02 01:45:53 +0000 UTC View Post

$NNDM - RC -

Managed to bounce exactly on our blue line which was the low from May and has since broken very aggressively above the 50 and 200 Day MA here, I am only seeing a corrective wave for now but the good news is that it has found support on our blue lines three times now and the bear targets below may not happen now.

Trading View is not giving me the details of the earnings report from the 29t...

$AFRM - RC -

No changes to the projection on the chart, it hit exactly at the yellow trend line and rejected and has pulled back and so far has found support on the 200 Day MA, we can see that the 50 Day MA is coming up to meet the 200 Day and Price action now, so this may find further support and bounce on this and finally break through this trend line resistance level.

I have added in the First and ...

$PVS - RC -

There has been a number of wild swings in this chart over the last year so it is impossible for me to rule out a corrective wave right now, certainly when we see only 3 waves so far from the bottom at the end of 2023 to where we are today.

That being said, the pull back in March came exactly back to the 0.65 Fib which is an excellent spot to hold at to complete Wave 2, so the Impulse Gree...

$DBC - RC - ETF - COMMODITY INDEX

A very well structured chart here and this has not reversed yet either to the upside, we can see that the price action is in a strict yellow channel here which is a bull flag and a breakout to the upside here will be significant. This is a long time scale projection so do not expect anything to move here quickly.

The price action is just between the 0.38 and 0.5 Fib right now, so this is ...

$SOUN - RC -

I have only added in the Green Impulse Wave here because I am leaning towards this count. I like how the pull back in March came all the way back to between the 0.78 Fib and the 0.88 Fib and has bounced very well, finding support along the 200 Day MA for a few months and then proceeded higher off this platform.

We can also see that the 50 Day MA crossed over the 200 Day to the upside and ...

$QS - RC -

Another stock that has been consolidating for over a year here and was a popular stock during the the start of the bull run in 2020 but declined heavily due to setbacks from developing their battery technology.

The Chart is showing promise so far this year, making a higher low in May and testing the 200 Day MA now and slightly going above but it has not held above just yet, another test w...

$OXY

Performing well since the most successful investor of our generation has added to his holdings....and also Buffet has added too!

I do like this chart, it has held above the Wave 4 spot, pulled backed to our Subwave 2 spot....more than we wanted but still valid and has since bounced very well. 

It is clear here that we want this to break above the 200 Day MA and the wedge and ho...

$FSR

The good news is that $FSR is heavily influenced by this wedge and it has found support and resistance a number of times now in it, so when this does properly break out, hopefully to the upside, this should move very quickly. We can see that the 200 Day MA is at the top trend line now, can it make an attempt at this and break out?....the EV market is attracting a number of buyers again, $FSR sh...

$GDX - RC -

No changes to our $GDX chart here, it has pulled back to the 200 Day MA and has found support so far, this really needs to hold this level now in order to go higher for the Amber Wave C. If the price loses this level, we could see this move all the way down to follow the Red Wave X next, the yellow channel trend line is also a support line too.

$FUBO

I am watching for a break above $2.30 to confirm Wave 3 but so far this is performing well and strong. $2.30 breaks and this should run to $3 which is our first target, we can expect a pull back here before going higher to complete Wave 5.

$SE

Nobody scare it.

It has based and showing positive signs, still a lot to do and the 50 Day MA is just above which will be the first test.

Now is the time for this to make its move and start reversing, RSI is in a good position to take advantage of a lot of upside too, this just needs the momentum now.

$COIN

$COIN pulling back as the market takes off, likely profit taking after a very strong run, the pull back will be important here, if it can hold above the blue line and this is finally flipped to a support line, I think this is a very good place to start a position, the upside of this impulse wave is quite good towards the end of the year. Just needs to hold the blue line now.

The 50 Day MA...

$NIO TOP 20 UPDATE

Still moving higher and was not obstructed by the 0.618 too much, just a slight pull back but resumed its upward after the second test and broke out higher. So it looks like it is on track to complete our green Subwave 5 here.

Once Subwave 5 is complete, we should see the ABC corrective wave down, which we know is Wave 2 completing.

The plan for me remains the same, add at Subwave C...

$ABNB TOP 20 UPDATE

$ABNB has come out to rubbish the inaccurate report that has been circulating online and said that the data is not correct and they expect to beat expectations this year. The market so far has liked this approach and the update.

Let's see if it can make another attempt at the yellow trend line again, to break out and hold, so far it broke out but did not hold.....maybe due to this article...

$PTON

$PTON is doing what we want $BABA and $SE to do. Holding the 0.78 Fib, finding support and moving higher, the 200 Day MA is just above so this will be the next test for $PTON, flipping this from resistance to support will be a very positive move and it means the bulls are stepping in and the likely event that we are in Wave 3 is getting closer to being confirmed.

$TWLO - RC - WATCHLIST FOR A BREAKOUT

Ok a number of people have been asking for this and I am seeing people get excited about it online too, so now I see what the excitement is about.....there is certainly a potential for a breakout here to the upside from $63 now to $92.

This is very much a corrective move as it currently stands and if it stays in this bull flag, this could could break out and move potentially fast to compl...

$BABA

$BABA is testing patience here, it is still pulling back and lost the 0.618 Fib but giving bulls hope because the pull back is still valid as it moves towards the 0.78 Fib and more importantly, staying outside of the wedge, we can see that the lows are staying exactly on top of the wedge too as it moves down, so we are not alone here on our assumption that this line being held above the wedge i...

$PYPL

I am still waiting for this to find its momentum to the upside, as long as this move up from the low to $68 has three moves, I still thread carefully as there is always a potential that this is a corrective wave, the pull back now from $68 to where we are now, just at the blue line is not complete yet, I want to see a new high next to confirm that we are in an impulse wave, this confirmation is...

$DAL

Slight test of support yesterday at the yellow line and held well, which was the previous high from April 2022, if the price action can maintain above this line as a new support line, then Wave 3 can continue higher.

$DAL has been on a relentless run since May, building up momentum in the bull flag, within a bull wedge in May and just took off.

Holding a new support above $46.40 at ...

$ETSY

I know a number of people are shorting this so here it is on the 1hr chart and we can see, in addition to the trend being bearish, we can see that the 50 Day is also about to cross the 200 Day MA to the downside and this has proven to be a very useful indicator lately.

As soon as a lower low is made, we will watch for sign sof reversing next, as always, I have this coming down to the blue...

$BB - RC -

Very nice structure and movements from $BB since the very start of this year, I can not fault this impulse structure here and following the rules of EW Theory very well, if this structure completes as above, that would be Wave 1 and Wave 2 complete and next will be Wave 3....$BB has tried to reinvent itself and so far it is performing well.

Above the 50 and 200 Day MA here too with a bull...

$SOFI

$SOFI has pulled back after that parabolic move up and is so far holding the blue line which was the previous high, all is still to play for here, if it can hold above this blue line, it can continue its impulse wave higher.....if this is lost, we will see 5 waves down and possibly come as low as the 50 and 200 Day MA's down in the 6's.

Long term I think this company is a great prospect b...

$SE

$SE is the exact same position as $BABA and $JD, it needs to hold its previous low or the count becomes invalid. I have mentioned here a few times that I am holding regardless here and I have been testing my resolute here because I want to buy more but the set up is not there yet, I want to see a reversal first, if and when this comes, I will start adding to my position, otherwise I will wait f...

$LI

$LI continues to be the darling of Chinese and EV stocks, nothing appears to phase this company because they are executing on their targets professionally and exceeding expectations.

The market appears more ready for a hybrid of car manufacturing in China for now.....but I believe this trend will move more to full EV makers soon.

Wave 3 target at $45 is still on track as long as the...

$JD - RC -

$JD like a number of chinese stocks, is pulling back still for its Wave 2 and it is struggling again in its PM now too, I have Wave 2 coming down to the 0.78 Fib next at $33.54 but it can move lower, as long as it does not go below the previous low at $31.61 which would invalidate the count.

A lot of Chinese stocks are crying out for help now, they are hampered by weak growth in the econo...

$IONQ

A number of people were confused online as to why this stock took off the way it did yesterday but the chart was showing a very controlled Wave 4 and once it broke out of the bull flag it took off and spent no time running up towards our Wave 5 target.

I normally set my Wave 5 target at the 2 Fib, so this is $13.94, this can go a lot higher, Wave 5 will finish when it wants to finish, it ...

$GPS - RC -

A number of requests for this and still not much has changed, it is in a tightening wedge now moving down still, when we get a break out from this wedge, this will confirm signs of reversing and from my previous chart of $GPS, there is a lot of upside here and fundamentals are not that bad, if they can turn a profit and slightly increase margins, this could move substantially.