The Long Investor

$PFE

Nice bounce today, back above the yellow trend line that was lost, there is still a bit of work to do here, we would like this to hold above $37.70 which is at the yellow trend for support.

I think $PFE has been oversold lately getting this back in the buy zone, will be a good opportunity for more upside. 

I will watch to see how this performs getting back above the trend line ...

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Discord Group Added to all Tiers

Hi everyone,

I have added The Long Investor Discord group to each Tier.

Discord: TheLongInvestor#7309

This is will be known as The Learning Centre.

The main reason I added Discord is to provide a page where I can upload links to any resources, learning documents, videos that I make, articles and have organised folders.

Patreon only allows me to pin one message at t...

$RIVN - RC -

It has been battling and showing some strength, in spite of losing the blue line at the end of April but recaptured it quickly enough. It then bounced all the way to the previous high and pulled back to the hold exactly at the 0.78 Fib, this is all good signs, buyers are still around. 

I have added in subwaves here and will leave Subwave 2 where it is, as it is not clear whether or n...

$NVTA - RC -

Has not been able to hold the yellow support line that it has held for over a year before breaking down in March, the target level below now is as shown. It really needs to hold this level next as there is very little support below. Usually I set two targets below but in this case, the second target would bring it to zero.

$DND - RC - TSX

Consolidating now after completing its ABC corrective wave. It remains to be seen whether this will complete a further corrective wave as it moves sideways but for now, it has held the 0.78 Fib very well and negotiating with the 200 Day MA at the moment, above this and it can hold, then the impulse wave will look a lot stronger as a possibility. 

$QQQ TOP 20

Continues to mimic the $AAPL and $MSFT charts, still I expect this to go a little higher before taking a breather, it can of course come down from now but usually we see pull backs or reversals after hitting important Fib levels.

Again, I can not rule out the possibility that the entire structure is corrective either, the debt ceiling talks being the most important factor here.

The ...

$F TOP 20

$F hit the bottom of the wedge trend line last week and bounced slightly, still making lower lows and lower highs, so the trend remains the same, another flush of the share price should bring this finally out of the wedge to the downside.

Still I would wait for this to come down further to take full advantage, if you are planning on buying to then hold for long term. It is a slow mover. 2023-05-22 10:05:24 +0000 UTC View Post

$BOTZ - RC -

A very relevant ETF at the moment, an AI ETF. And looking at the chart, it is behaving very well, as we would expect in the age of AI right now.

The price is approaching the middle blue line shortly, which has been a resistance line in the past, it may reject here and pull back to complete Subwave 2 of Wave 3 before going higher.....I think we all expect this industry to continue growing ...

$JXN - RC - BEFORE AND AFTER

$JXN was one of the first charts I uploaded in this group back in November, the bear case corrective wave had the share price coming down to $26 in May and that is what happened.

For the chart now, lets see if it can bounce after hitting that low. I have not changed my X count target on the trend line, so it is possible that there is still one more low to complete this wave before it can ...

$AMD TOP 20

Subwaves are now added, it has been a really nice structure here so I would like to see this continue in its controlled manner, if it moves down to our ABC count and completes and Wave C, it would be in an excellent position to start or add to your positions for potentially a lot more upside for the next 12 months.

Wave 5 can of course go higher than where I set it, the move has been very...

$INTC TOP 20

Very little to add here, this has not been performing the same way as $AMD and $NVDA and our count remains valid here. Some positives for bulls is that the 50 Day MA has moved across the 200 Day MA, which is normally a bullish sign but the price action would need to start following it and so far it has not done this, in fact, the price action leads and has been moving downward instead.

I ...

$HD TOP 20

$HD sunk hard after earnings after a cautious guidance and then bounced almost immediately following an announcement that talks on the debt ceiling where encouraging and ongoing, this has altered the count slightly and looks like this Wave 5 should end as ending diagonal, where waves overlap each other, this is only found in Wave 1 and Wave 5....so this is further confirmation that we should be...

$NIO TOP 20

I think over the last few months, with following this chart, a lot of our members have learnt an extensive amount of EW Theory, they know that counts move in waves and bounce and decline, the hit Fib levels and reverse and hold support levels too. 

What we always watch for is the trend too and if we were to show this chart to a child and I regularly show this to my daughter who is ne...

$SPY TOP 20

I have eliminated the corrective wave in its current state as it has gone above the previous high and that count can not be considered valid. My own opinions aside, the chart leads the direction and we can not ignore that it has crossed a very important threshold by going above the previous high and above a price that has not been breached since August '22.

In spite of a financial crisis ...

$AAPL TOP 20

I uploaded this late last week with how I see the chart playing out, again this chart has a corrective wave on it and I certainly can not rule out that the whole structure since the start of the year is an ABC count as part of a large Wave B.

On the positive side, I am getting more and more impressed with their move into the banking domain and their savings yield is truly exceptional and ...

$GOOG TOP 20

This chart continues to make me feel uncomfortable. I prefer the set ups on almost every other mega cap stock in our Top 20 but this is looking very messy to me and I can not force myself to be bullish on it because the count is not great.....yet, it will still moving higher, it shouts a trap to me and I have not said that with any other stock yet. Even $NVDA, although clearly in a bubble and o...

$MSFT TOP 20

This chart has not been updated in any way, it really has come exactly to our Wave 3 target at the 2 Fib, can it continue to go higher before pulling back? yes of course.

We like to see pull backs where we have set them but the price action moves to the Fib levels they want, as long as there is 5 waves up and 3 waves down then the EW Theory is valid. 

I think crunch talks on th...

$COST TOP 20

This will be the big earnings for me this week on Thursday after hours, the chart has been showing a sideways movement for a number of months now and both scenarios to the upside and downside are valid here, it will really come down to the earnings now.

The 50 Day and 200 Day MA are almost side by side here, which shows how consistent this has been over the last 200 Days.

If you are...

$TSLA TOP 20

I uploaded this late last week but I just wanted to make sure that the plan is clear here because I know a lot of people felt they missed out on the run at the start of the year.

With the breakout of the wedge, which I have covered extensively, it is certainly leaning towards the bullish scenario, it still has a lot to do, it needs to comfortably break above the 50 Day MA, then the 200 Da...

$KO TOP 20

Still in its pull back since topping out at Wave 5 from its earnings, I believe there is still more to go before finding support and if it can continue down to the 200 Day MA just above $61, it would be a good position to complete it's ABC count.

This is a very slow mover but very safe money and a solid dividend, you know that $KO will deliver consistently.

So What Now? 2023-05-21 17:33:10 +0000 UTC View Post