The Long Investor

$FSR

Came right up to the blue previous support line at $6.42, I am a big fan of $FSR and want to be optimistic but just like $LCIDs jump today, I am not convinced by it yet. Also $FSR has shot up from $4.30 to $6.40 without any pull backs.....I don't need to explain anymore how unsuitable this is. The best outcome here is to see a pull back to the wedge line support at $5.20 or the 200 Day MA just ...

$INTC TOP 20

No changes here to the chart, earnings will report after the close today, my chart is showing that a bounce is due, so I wonder, even with a bad report, this may still bounce because it is part of a corrective wave, meaning it is bouncing to go down further. So far the chart is playing out nicely and very happy to see that our members did not chase this when it his $33.90

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$COIN

Sideways movement here, beneath the trend line but above the previous low, likely will continue this sideways movement until earnings are reported next Thursday on the 4th After Hours. I don't see any favourable position here, Bitcoin has been erratic lately and dropped 7% yesterday with no warning, for us however, we were not too surprised to see this as we have this in Wave 2 of a corrective ...

$TDOC

Positive earnings from $TDOC and what I have been waiting to see from them was a significant improvement with their fundamentals and I have seen that now, they posted a $69 Million loss in this quarter, compared to a $6.6 Bill loss for the same quarter last year, this is not a misprint, this a substantial improvement, meaning their fundamentals are improving greatly and probably accounts for th...

$NIO TOP 20 UPDATE

This is the first time we have seen some holding from $NIO since the 17th and will likely end the day green which is a good sign for us, since we expected subwave 4 to come in around now too, so we'll be watching for a bounce here, the likely spot is to where I have set the subwave 4, so we will see how this bounce develops, still more down side next and no changes here at all. 

$TSLA TOP 20 UPDATE

If we are getting our bounce now, it is happening exactly at where we set Subwave 3, looking for a rejection now at the yellow line where subwave 4 is. Like I've said for a number of weeks now, be prepared for every eventuality here, depending on your interest in $TSLA for long term, $152 was hit today so we are deep into Wave 2 territory now.

$KO TOP 20

Is like clockwork, it rose into earnings as the report was expecting to be good, as always, and now declining as expected from our chart at the weekend. Back down to Wave C at the 0.618 Fib at $60.71 would be a very good position to consider a buy.

$DAL

$AAL and $LUV posted this morning, $AAL reported a profit and $LUV posted a negative report, on the the weakness of sales which I spoke about earlier. $DAL and $AAL are both up now on strong guidance too. $DAL has so far held the 0.88 Fib and above the trend line supports, so again I want to see more strength and movement on this now, above the bull flag again and I will be happy.

$AMZN TOP 20 UPDATE

Earnings after the close today, its moving well today after the other Mega Cap stocks posted 'beat' earnings, watching for a break and hold above the 200 Day MA which it is just at now and into the bull case at $110. So a good earnings and this should comfortably get there.

$AAL

American Airlines also has their earnings due before the open today, this setup is very similar to $DAL and like $LUV too, a break out of the channel and there is potentially a lot of upside, if you compare to the highs of 2018, $AAL is substantially down now and this is one of the big 4 carriers and after weathering one of the worst aviation crisis since Sept 11th, it could be in a position to...

$LUV

Earnings before the open today for Southwest. I have been watching this since the start of 2021, monitoring the downward channel, waiting for a change in the trend and it still has not come yet....their big issues around Christmas time, which resulted in thousands of flights canceled has probably delayed their turnaround (unintended pun there).

So looking to see if their earnings and guid...

$NOW - RC -

$NOW has not missed an earnings beat since 2018 and yesterdays beat was no different. The pullback in October came all the way back to the 0.78 Fib level and bounced very well and structurally looking very good for the green impulse wave.

My only concern is that the price action dipped below the yellow trendline yesterday, which has been a support line since 2018. It needs to get back abo...

$IQ - RC -

Significant pull back over the last 3 years, bringing down the valuation to reasonable levels and improving the fundamentals greatly. It is possible that the bottom is in here and we are watching for a Wave 2 pull back now, I have set the Wave 2 spot at the 0.5 Fib as this is where the 200 Day MA is sitting at now, we know of course that it can still come down to the 0.618 Fib and be valid and ...

$NEE - RC -

Likely still in its corrective count now and still a bit more to pull back to complete Wave C before continuing higher, I would need to see Wave C come down to at least the 0.5 Fib at $68 in order to show Wave C finishing but right now, I can't see how it can turn bullish until the 0.5 Fib or the 0.618 Fib are hit first.

$FCEL - RC -

The last few times I uploaded $FCEL, I issued a concern that the price action could not stay above the wedge and it needed to hold the bottom of the wedge line next, it has not done this and it is in trouble now. I have two trend line supports below as potential support lines and this may lead it up to their earnings in June. RSI is deep in the oversold territory now on the daily.

$PEP

At the start of Feb was the last time I uploaded the $PEP chart and it could not have worked out any better if I tried. Before and after.

$BABA

The bleeding has stopped today, the daily RSI is just at 30 and has held at the 0.88 Fib above $82.26. Three good indications to be optimistic about, on a day where there was a lot of red, this stayed green.

$BABA will need to show strength now and continue to hold this Fib level.

I have stayed in my position as the fundamentals have not changed, the company is still expected to spl...

$HD TOP 20 UPDATE

Some of our savvy traders caught this very early when it rejected at the 0.38 Fib and it has not looked back since, very strong rejection, losing both the 50 and 200 Day MA as well. I will add the subwaves once Subwave 1 completes and shows signs of bouncing.

$NIO TOP 20 UPDATE

Just $0.27c away from our buy zone, very little to add to this chart apart from we are expecting to see a bounce at some stage for Subwave 4, Subwave 3 looks nearly complete. At the opening this went to $8.20 and got rejected immediately and has been under selling pressure since. 

Like I have always maintained, when this enters the buy zone, I will start accumulating shares.

$SE

I do like the structure of this $SE chart, hit wave 1 nicely and has come down as expected since, the Fib levels of support are as shown and the Wave 2 spot is still the same at the 0.618 Fib. Earnings are due on the 16th and if they are as good as their previous report, Wave 2 should be complete then and Wave 3 is next.

$BAC

Like $JPM, $BAC is not having a good day and has not built on the momentum it got after its earnings, the $FRC issue and the potential take over from the government has worried investors again. Comfortably below the blue line now and I would like to see this move down through our amber line now.

$SNAP - RC -

Earnings after the close tomorrow. This tends to move a lot after earnings so I expect more of the same tomorrow too and on Friday. From the chart today, we can see that it has dipped down out of the wedge, it has retested the wedge line again and so far it has rejected and stayed underneath the trend line.....this is normally a bearish indication, so a positive earnings will need to come throu...

$DNA

$DNA dipped below the price range today that it has been in since the middle of March.....there continues to be selling pressure in spite of the enormous amount of shares that $ARK and its funds have been buying. Below $1.17 and this should reach our price target below $1.10.

$MSFT TOP 20

Excellent earnings. When $MSFT failed to compete with Google Chrome with Bing, it expanded its business to include, Cloud services and Gaming, it became one of the market leaders here and decided to make another attempt at internet browsing by acquiring ChatGPT for $10 Billion, this buy may have been the buy of the year for any company. It has brought Bing back in to the arena and is now gainin...

$COST TOP 20 UPDATE

First attempt at breaking out of the wedge has been rejected so far and the RSI is showing a downward trend, it may attempt it again. Just below the 200 Day MA now and the 50 Day MA is at $492, if it loses $492, we would be looking for another test of the bottom of the trend line again for support.

$ADA

I have added in the Subwaves now for Wave 3, the pullback came down to the 0.5 Fib and held nicely and found support at the 50 Day MA on the daily too, as always we look for 3 waves in subwave 2, an ABC count, so I would not be surprised to see this pull back again to the 0.618 Fib, before going higher, this would make this structure incredibly strong and attractive.

I will consider addin...

$TSLA TOP 20 UPDATE

Another difficult day for $TSLA, hitting a low of $153 today, subwave 3 will look to complete very shortly, if it hasn't already and we are expecting a relief bounce here. Between the 0.5 Fib and the 0.618 Fibs is prime wave 2 territory and this is where many investors would consider this a buy area, the concern from a lot of people is whether or not the $146 price holds or does it come down to...

SFOR - LSE -

Very large decline here, came all the way back to the previous lows of March 2020. I would like to see the bounce here to complete Wave B in red before moving down to complete Wave C, alternate move is sideways through the blue range lines for an ABCDE count, this is probably the best scenario for Bulls.

$CL1

This is the same chart I uploaded of $CL1 a few months ago and still the same but I have added a count if the pull back ends sooner, the 200 day MA is keeping this down for now so unless that is flipped to support, the down trend is likely to continue.

$DAL

$DAL has pulled back with the market over the last few days, back into the bull flag and just holding at the 0.78 Fib, this is a stock that I have bought lately and not a stock I am concerned about if it pulls back, the 0.88 Fib is underneath and the bull flag trend line and the long support line in yellow are below too....once $DAL holds one of these lines, it can continue its move up and I wi...