The Long Investor

$GOOG TOP 20

Right at the lower resistance line here after holding the 200 Day MA support at the start of the week, finished the week a lot better than $AAPL, however still very much in the bear channel and it is quite a neat structure, there is still room to move up to $113 and reject or could reject at this trend line now. Ultimately above the bear channel, this bear count is invalid. I will update if thi...

$F TOP 20

I have added the two wedges here because I am seeing a descending wedge inside another wedge and both are offering support lines and resistance lines. Furthermore, the 200 Day MA is still the dominant resistance line here and so far has continued to rejected the price to any upside, I am not bullish here until the 200 Day MA is broken above.

So What Now?

Continue as...

$BTC TOP 20

Continues to inch towards our Wave 5, so pending now big announcements, this will likely pull back as we expect for Wave 2....failure to hold the Wave 2 fibs and this is into the bear case and the buy zone.

RSI and MACD are both confirming that a pullback is due as they are trending downwards.

Bulls will want to see structure here.

So What Now?

This is n...

$AMD TOP 20

I have uploaded this during the week to say how impressed I am with it pulling back at the 1.618 Fib and coming down, to what looks to be Wave 4 for now, it will need to hold this point and the blue line, the 200 Day MA is likely to come up and meet it at this point, offering more support.

This would offer a nice area to buy if it can hold this support.

RSI is reconfirming our pull ...

$AAPL TOP 20

On Tuesday it started to show signs of running out of momentum and it hit the first trend line and rejected, the first trend line is taken from other highs since the end of 2021. This is still early to say that this is going to fully reject and start moving down to the bear case, for now it is a pull back and what we have been waiting for but more momentum is needed to move this down more next....

$MRNA

Rejected at the 200 Day MA twice now and the 50 Day MA is coming down fast, which should be an indication of where this is going next, this has followed our count very well so I believe Wave 5 completing is next.

$PTON

The last time I uploaded $PTON, I spoke about the need for Wave 4 to complete, looks complete now and below the 50 Day MA, with signs of Wave 5 starting now....I still believe there is potential here, if it was managed by the right company. 

$ULTA - RC -

A favourite here amongst some of our members and continues to follow our trajectory, I think it is starting to run out of steam shortly and should come down for Wave 4 next, so something to consider.

$WBA - RC - BUY ZONE HERE

Been following our chart here very well and would like to see this rejected at the 200 Day MA and comes down to break below our blue line and into the bear case and buy zone, this has been on my radar for awhile and its slow moving, which I am happy about and trending in the direction we want. Potentially strong upside here when it finds support in our buy zone.

$CELH - RC -

Following our Wave C count very well here, rejected at the 200 Day MA too so the lower trend line looks likely next.

$ZOM - RC -

Still in this yellow channel and below the 50 and 200 Day MA's now, as long as it stays above the previous low, the impulse wave in green is still alive, failure to hold this and it could continue down the channel into the bear case.

THG - RC - London SE

Still needs to break above the blue line to get into the bull case, otherwise there is a potential move down to complete Wave B in Red, if it can hold above the blue line, this has a lot of upside, likewise a rejection at the blue line and this could come down heavy.

$SWK - RC -

I am particularly interested here because I can see 4 very clear waves and the start of Wave 5 in red of Wave A, this will likely bounce at the blue line or the fib level I have shown for Wave B, this should be an substantial bounce, first thing this needs to do is find support because the counts have been very clear. Very strong brand with a good FWD PE of 14, so it is one to watch.

$RELL - RC -

A combination of lower lows and lower highs means this is likely in an ABC count and it lost both the 50 Day Ma and 200 Day Ma which were acting as support levels, particularly the 200 Day, as seen clearly on the chart. Wave C should move down to the 0.5 Fib or possibly the 0.618 Fib as shown before moving higher again.

$MOS - RC -

This company benefited very well from the war in Ukraine, as they effectively were the main provider of fertiliser to the world and the price went parabolic and as we know at this stage, this usually comes down quite heavy afterwards, when the Ukrainians went back to work producing fertiliser again. 

It is still a good company with strong fundamentals, so once it finds support, I sus...

$LRC - RC -

It bounced well towards the final few months of last year but we can see clearly that it bounced with 3 waves, an ABC count, and now pulling back, 200 Day MA is next to test support and below at the 0.5 Fib is a potential support level....with the ABC count I see, it is likely to come back to test the previous low or where Wave C is ending on my count.

$LAC - RC -

This has broken out of the yellow channel since the last time I uploaded this chart, it is still above the previous low so an impulse wave is still alive, failure to hold that level and it is into the bear case and I have shown where Wave C could potentially end at. Below the 50 and 200 Day MA now so there is still a lot of work here to do.

$BBLN - RC -

Not a nice structure to be in now as its winding down the wedge, struggling to find support and rejecting at each trend line, I have added in some potential support lines but this will need to find support soon, bulls will want this to break out of the wedge before hitting the blue line which is effectively at zero.

Happy Easter Everyone!

Market is closed tomorrow for Good Friday, so I will add some Requested Charts tomorrow and complete the Top 20 list over the weekend as always.

I hope everyone will have a great weekend, with friends, family or doing  whatever your version of happy is, enjoy it and we'll be ready to go again next week as always!

$UNG -RC-

Difficult day for Natural Gas but following our chart beautifully, support is at $5.30 so we are nearly there now, this is firmly in Subwave 5 of Wave 5 now so the bottom is due shortly....this could break out fast or consolidate, I will keep an eye on it.

$RLX - RC -

This continues to show strength, pulled back after its break out and bounced again, a break above the previous high and this could move fast next, I like the structure here as an ABC count, it's not an impulse wave to me but it is still a good set up for a short term gain.

$PLUG - RC -

Very little to report here except that the wedge is firmly in control here, it is a descending wedge which is a bullish formation (once it breaks to the upside) but this one has been long, as $FSR holders will know just how long these develop. So for now, will need to watch for when it holds support, right not it looks like the wedge line is the likely support spot.

$META - RC -

Itching closer and closer to our target price, looking like a subwave 3 of wave C is forming now as it gets extended....which is exactly what we want to see before a declin, $230 is our target but as we know, it can be before or after this target. All going to plan here, this chart has barely changed since Sept last year so I am particularly happy with it.