The Long Investor

$DM - RC -

Earnings after the close today, sharp rejection at the 200 Day MA in the wedge previously but has held at the important Fib levels leading into the earnings release, Wave 3 and Wave X are still in play here, so a good report and this has a lot of upside....a negative report and it may be in trouble, would need to hold the previous low at the blue line.

$CRM - RC -

Unfortunately this bounce has not been very well structured and moving in a corrective wave manner, likely seeing Wave B in red playing out here, before coming down lower to the Wave C point in red. 

$PYPL - BUY ZONE -

Getting deep into the buy zone now, RSI on the 1hr chart is at 10 now and the MACD has almost dropped out of the screen....so these strong indications that it is oversold. The daily RSI is just at 30 too. Forward PE is 11 now and Free Cash Flow is at 13.88, meaning they have a lot of cash on hand.

If you intend to hold this for long term, this is a good buy, they are ticking all the boxes...

$SPY TOP 20 UPDATE

Very little to report here, inflation came in lower than expected but there was considerable lack of fanfare before this announcement as the attention moves away from inflation and the focus will be on whether we enter a recession and if we do, will it be mild or harsh.

As we can see, even though inflation came in lower than expected, the rally at the opening has completely bled off and t...

$AMD TOP 20

$AMD has bounced and has not looked back since, just at the 1.618 Fib level now so holders will want to see this be more structured and pull back shortly, where the pull back completes and we are watching the 50 Day and 200 Day MA's here as potential support levels, will be good entry points to add to catch the next leg up.

$ZM

Another good day for $ZM and looking strong, no parabolic moves so I am happy about this, the 200 Day MA will likely be a point where we see the first pull back and holding above the blue lines next will be very good to see. We just went out of the buy zone today, so if we get a pull back and it holds above the blue lines, this will also be a good entry point to start or a good point to add to ...

$AMZN TOP 20

Alerted yesterday of the potential of $AMZN breaking above the red trendline which has been in place for over 18 months now. It has just raised its head above the trend line now, so it is absolutely crucial that it can hold above here and if it can, it is certainly a good buy with this set up. 

The 50 Day and 200 Day MA have been strong support lines throughout this structure and hel...

$BABA

Definitely sideways movement here with $BABA and holding above the previous low, we need more of this and a show of strength, I am in no rush here watching this. The RSI is showing a move off the low and the MACD is also showing that sellers have dried up too.....ideally we need to see an announcement from China that they will start stimulating the economy after a number of indicators have repo...

$NIO TOP 20 UPDATE

$NIO continues to do as we expect and when a chart moves like this, we'll stay happy.

Still struggling to gain any momentum above the 0.38 Fib, it has bounced to the level we expected but we will still wait and see if it can gather any momentum to run up to the 0.5 Fib where the 200 Day MA is at right now....of course I am happy if it rejects now and starts its move down for subwave 5 in ...

$OXY

Disappointing earnings, I am waiting to see how the analysts react in terms of new price targets but for now, the levels I am watching, in order to keep the green impulse wave live is the 0.78 Fib at $57.87, the 0.88 Fib at $56.77 and the last valid line would be the Wave 4 holding level at the 0.38 Fib in white at $55.92.

Buffet announced at the weekend that he would not be buying $OXY o...

$ABNB TOP 20

Amazingly, the PM is showing a pull back to our blue line right now, with our Wave 2 Target just below at $106.

I will see how the price action is looking today but the structure is still good for an impulse wave, holding the important fibs levels is crucial here.

The buy zone remains the same, in spite of their concerns in guidance for Q2.

$PLTR TOP 20 UPDATE

Ok this has got a lot of attention today, earnings was good, good growth, slightly profitable but progressing in the right direction.....the back to back profit report, although minute, has gone down very well with the market today. We saw this with the last earnings report in Feb too, the share price went parabolic after posting a similar report.

This green impulse wave was just saved an...

$ZS - RC -

Very nice bounce here, a little too aggressive before earnings but we have seen stranger things before earnings, I want to see structure here and not see this run away without pulling back.....otherwise, this comes crashing down. I had the corrective Wave C coming down to the white fib line but I am happy to consider that the bottom could be in now.

So structure and pull backs needed now ...

$NET - RC -

$NET has bounced really well off our blue support line but there is no changes to my count, I can see 4 subwaves in this Wave C right now, so it is possible that there is still one more leg down....the pull back from this bounce will tell us all we need to know, if it holds the blue line again, then we can consider that the bottom is in and then this should be considered a good position to add....

$GRAB - RC -

$GRAB continues to consolidate here, earnings will be released on Thursday the 18th, in order for this to turn bullish for me, I would need to see a breakout of the yellow trends lines above and I am just not seeing it possible right now, Fundamentals are not particularly good and the price appears to be around its fair value right now......a blockbuster earnings could change this however.

$NVDA

Still sitting here watching $NVDA working its way up and down through the bear channel. Large spread now between the 50 and 200 Day MA here, showing just how much this has moved lately and looking extended....but still we wait. 

One thing is abundantly clear, this will come down, when is the big question.

$SQ

I am watching how this develops, the right shoulder may be complete but I need to see more movement towards reversing to complete the right side of the shoulder. The main thing we want to see here is the blue lines being held, preferably the top blue line as this was the limit of the left shoulder.

RSI is where it should be in order to provide a potential large upside move. 

$ZM

$ZM out here showing everyone how good the buy zone is, looking very nice since breaking out of the bull channel and where we had Wave B set, still more to do here but performing well and holding support above the 50 Day MA, the 200 Day MA is above and this is what we should be watching for next.

$TSLA TOP 20 UPDATE

Continuing to struggle at the 0.5 Fib and where we have set the Subwave 4 target, the 50 Day MA is just below and at the yellow line which was a previous support line....if it loses this line, we are looking at the $146 target next.....if it holds the yellow line, then Wave 2 could be complete.

$NIO TOP 20 UPDATE

$NIO has been operating like clockwork lately, moved down today to hit the Subwave B exactly at the 50 Day MA on the 1hr, precisely as we had shown on yesterday chart and now it looks like it is moving up for Subwave C of Wave 4 now. 

The 200 Day MA is just above and coming down to the 0.5 Fib level, so this is the level I am watching for a rejection and Subwave 4 completing.  2023-05-09 17:12:13 +0000 UTC View Post

$AMZN TOP 20 UPDATE

The 200 Day MA is still in control here on the daily chart, the closer we get to the red trend line, the more the pressure will build up, very simple here now, if the price action can break above the 200 Day MA and the red trend line, there is potentially a lot of upside as we enter Wave 3.

$NVAX

Currently up 49% right now, last updated 4 days ago, explaining what we expected from the earnings, some people have made a lot of money here. 

$AAPL TOP 20 UPDATE

The absolute audacity of $AAPL to be just sitting on top of the wedge, sticking two fingers up to the bears, got to admire it to be fair!

$PYPL

Getting very close to the buy zone now. Few downgrades today as margins tighten from their earnings report but like I said before about $PYPL, I think the future is bright for $PYPL, fundamentally still a strong company but in a difficult industry right now....this all points to an opportunity to me. 

Few things to consider when entering the buy zone, it is a time to slowly accumulat...

$SCHW

The 0.78 Fib at $42.76 is looking very likely here, I have maintained for a long time now that the banking stocks have not bottomed yet and all charts are still showing this. $SCHW is not looking as healthy as $JPM or $BAC but it is still a stock I like and if it can continue to come down, it becomes even more appealing for a long term hold.

$INTC TOP 20 UPDATE

Rejecting at the previous high again at the yellow trend line. The amber 5 wave down count looks to be in control here, as long as it continues to reject at that resistance line, this could move aggressively down next.

$FSR

After having a very positive few weeks, earnings reported this morning and it was a negative report but I do not feel this was the main issue with the report, the decrease in production numbers of 6000 vehicles by the the end of the year may be the main concern.

We can see from the chart that yesterdays price action finished right at the yellow trend line and now the PM has brought the pr...

$XBI - RC -

The overall structure if it can hold above the blue bottom line is a corrective wave WXY with ABC counts in each wave. I like that a bull flag is forming now and has held at the 0.618 Fib. A breakout of this bull flag will confirm the Wave A of Y, so there should be considerable upside....until the price action can break to the upside, it could continue through this bull flag so I have added th...

$ISRG - RC -

Very strong aggressive moves higher since the start of the year, so I have added in the WXY in red count, in case this entire structure is a corrective wave, a rejection at the blue line could confirm this....for now however, both counts appears to be following each other until the blue line.

$MATIC - RC -

$MATIC is not showing the same set up as $BTC, $ETH or $ADA, there was positive moves higher but the structure is not an impulse wave. It broke down from the channel and into our bear case, it also got firmly rejected by the 200 Day MA a number of times and then dropped, so the blue line is the likely spot next to reach. Between the blue line and my first target is a vital area to hold support....