The Long Investor

$UPST - RC -

Parabolic move at the start of the year has not helped this structure, making it unstable and not an impulse wave, it came crashing down right after it hit a local high. Thankfully is has managed to hold above the previous low, so it gives it hope that support is available, likely to see this move sideways until earnings at least on the 9th of May. Will need to hold the blue support until then....

$PYPL - RC -

This has moved sideways since the middle of Feb, mainly due to the banking issues I feel, the impulse wave is not confirmed yet but it is still valid for now, breaking above the yellow trend line and holding will give this a really good chance, if it can not do this, then this breaks down into our bear case and buy zone and I think this will be a good add and hold for long term then.

$BHP - RC -

I am leaning towards the green impulse wave here and this is confirmed once it can break above the previous high and enter the bull case, it has climbed well since the lows in March 2020, so once this reaches Wave 5 in green, we would expect to see and ABC count pull back.

$PFE

$PFE has pulled back aggressively since hitting $42 but for now, I am not too concerned about this. The structure is looking like a leading diagonal, where the waves overlap each other. This snapshot is on the 1hr but for the overall structure, the 0.618 and the 0.65 Fib lines are on the chart here at $39.88 and at $38.76, these are important support lines, particularly the 0.618 Fib, where it ...

$PLTR TOP 20 UPDATE

I believe the bulls needs to step in for $PLTR before it hits $8 or they will lose this impulse wave, $PLTR should be doing better here considering their Moat in the AI world and their expertise, as the old expression goes: 'when the sun is shining, make hay!' this is their opportunity and they need to take advantage of it.

The 200 Day MA is just at the 0.618 Fib at $8.27 and this is very...

$NIO TOP 20 UPDATE

Like $TSLA, $NIO is doing exactly what we thought and with no surprises. It is down in the PM and has gone below the previous low, which reinforces the downward trend. 

This wave 1 of Subwave 3 will likely complete very shortly and will need to bounce for wave 2. We can see that the 0.5 Fib hits exactly at the yellow trend line so this is a likely spot we can expect wave 2 to bounce ...

$TSLA TOP 20 UPDATE

Ok this has played out very well for us now so it is important to have a look at the plan again. Few Important things to consider first:

The 0.38 Fib is at: $173

The 0.5 Fib is at: $160

The 0.618 Fib is at: $146

We know that Wave 2 can pull back to anywhere between the 0.38 Fib and the 0.618 Fib and this would be a standard pull back zone for Wave 2, the PM price is alre...

$DNA - RC -

$DNA continues to consolidate in this Wave 4 for over a month now, ARK continue to buy 100k's worth of stock most days still, we still need to wait for signs of a reversal or a break out of the channel now. 

$VIX TOP 20

What is going to be the catalyst that reverses this.....what we know is that this constantly bounces between trend lines, it is now at its lowest since Nov '21.

$TDOC

Very nice from $TDOC today, after the jump yesterday, it came back down to test the wedge it broke from, held it very well and bounced, counts remain as shown.

$BABA UPDATE

This Subwave 4 is starting to look at little messy and long, that being said, it is still valid, we saw with $NIO too, the Subwave 2 was longer than expected but it worked out fine in the end. The main thing is, it has held the 0.618 almost exactly today and bounced and recovering nicely to end the session. The RSI is also just above 30 on the 1hr, so this is exactly where we want to see it as ...

$NVAX - RC -

Pull back has started today and I am glad it did before running away without any structure, I have added in the standard ABC corrective way, finishing at the 0.618 Fib, as we know, Subwave 2 can finish anywhere between the 0.38 - 0.65 Fib for a standard Subwave 2 pull back, so watch for this area.

$NFLX - RC -

No changes to the chart, down -4% today after a mixed report, overall, it wasn't too far off what analysts expected but growth slowed and this is possibly the reason behind the decline today. The chart remains the same, needs to hold the 0.5 Fib where wave C in amber is or this can move down to wave C in red.

$SOFI - RC -

$SOFI has been holding the 0.618 very well and staying above the 200 Day MA, it has weathered the financial storm very well and as the earnings come in and pass us, if this can go above the 50 Day MA next, it is in a good position to move up for Wave 3. RSI is in a good position too to benefit from a move up.

$DAL

Performing well again today while the market struggles,above the 0.38 Fib now and I am watching for it move up to the 0.236 Fib at $37.20.

Potential big test at the yellow trend line at $40, if this can flip this trend line to support, we will be in a strong position.

I have added here and will be looking for another point to add when there are pull backs.

$COIN

Just held at the yellow trend line and where the blue line intersect each other today, will need to hold this line to keep the impulse green line alive, below this and it could come down to the Wave B.....a lot of sideways movement here over the last 3 months.

$INTC TOP 20 UPDATE

In my last two weekend updates of $INTC we spoke about not being convinced of this move from $INTC and we are seeing signs of this pull back now, it has just dipped below the yellow line today, it is still early to say that it will stay below the yellow line but I am watching it closely. 

I believe there has been some over buying in american semi companies as a hedge against a potent...

$BTC TOP 20 UPDATE

Some people online were surprised to see Bitcoin drop today, but this is the same chart that we have been referencing for the last few weeks and it showed Subwave 5 of Wave 1 topping out and pulling back for Wave 2 now at this point. So I am happy to see this move the way we expect.

Breaking below $25,200, which is the middle blue line on the chart, should bring this nicely to ...

$NIO TOP 20 UPDATE

We wanted to see $NIO end below the 0.38 Fib and the $9.53 price yesterday, to show a firm rejection of the important fib levels, we achieved all of that yesterday and the PM today has the price coming all the way down to the trend line and the 200 Day MA on the 1hr chart.

This is a -3.3% move already, so let's see how the rest of the day goes, we know that it will likely take nearly 3 we...

$SOL - RC -

A lot of requests for crypto lately now. $SOL's set up is not as clean as some of the others I have uploaded lately, looking like an ABC count here, while many others are giving a stronger impulse wave structure, this is very much in the downward channel and tested the previous low again. Potential targets above in the short term.

$NOVA - RC -

I like the structure here, the red ABC has behaved very well and then followed a sideways corrective wave, the sideways count incorporates 3 ABC's in them too, so I expect the final wave to repeat this 3 wave count too. I am not seeing an impulse wave here so where the final wave is complete, it may be coming back down again.

$NKLA - RC -

Has now gone below that important $1 level, it may get a ruling from the NASDAQ that it must be above $1 within 60 days. 

The chart is showing one of the strictest wedges I have seen, similar to $FSR.

It desperately needs to find support quick, or maybe a reverse stock split will be called here and we have seen lately that this is common but has not worked out very well for the...

$JASMYUSD - RC -

Crypto is not immune from the red PM and a lot of coins are down this morning, like the majority of stocks, so we will see how this develops. For now, the structure here is very good and pulled back and bounced in all the right spots, above the 50 and 200 Day MA here too. A break above the previous high and there is upside to the top blue line. 

$CTRM - RC -

I am not seeing an impulse waves here, this was pumped hard after a flat earnings and came back down and has no risen again after a contract was won....I need to see more stability here before being happy that this is out of the blue range.

$TSLA TOP 20 UPDATE

$TSLA announced late yesterday that they have price cut again, for the 6th time this year, we can gather from this that they are trying to shore up demand by bringing in customers at different price points. 

It appears to be a tough day for the market anyway, maybe due to concerns that the US government could default sooner than expected if the Cap is not raised.

Either way, th...

$PLUG - RC -

Fastly approaching the the wedge trend line at $7.50, it needs to hold this line, below it and it is in trouble.....if it can hold the trend line then it has a chance to bounce within the wedge again. Coincidentally, I have the trend line hitting exactly when the earnings report is due....so one to watch.

$DIDIY - RC -

Overall the structure looks like a sideways WXY consolidating count, that being said, if it can hold the 0.618 Fib and maintains support, this could possibly turn impulsive. I would need to see it hold first. This company has only been live on the exchange since June 2022, so there is not enough history to determine previous trends, so lets watch where it can hold support first.

$SNAP

The apex of the wedge finishes exactly at when the earnings report is due, it tells me that the market needs more information to decide on the direction here, the last earnings report was a difficult miss and I believe Snap saved this from declining to Wave X in red due to their introduction of an AI feature on their app. So we will be watching for the earnings report.

$NIO TOP 20 UPDATE

$NIO really does love a Fib level, yesterday we spoke about it moving up to the 0.618 Fib, it could have gone higher but it stopped at the likely spot and has come down since, it has dropped below the 0.5 Fib and more importantly, it is struggling now to hold the 0.38 Fib at $9.53. I spoke earlier in the Telegram group that this was the price I am watching and it has not presented any surprises...

$CLSK

Really nice chart here, last week we spoke about this looking to break out, it did exactly that, it then came back to retest the blue line and then took off again and comfortably in Wave 3 now.....these are set ups we love to see, especially when we see the retest and this is why I put the bull case text where I do, so when we see a retest and it holds, the buy becomes extremely low risk and it...