The Long Investor

$PYPL TOP 20

$PYPL has been consolidating since its earnings decline and is making its way back to test the wedge trend line again at $60.50.

We know this area is a battleground between bulls and bears and so far the bears have won the first battle at their earnings release.

There is no reason why the bulls can not take the ne...

$BABA TOP 20

$BABA is looking good going into this week ahead, mainly due to how healthy the HSI has been looking over the last week and finishing above the 16600 level.

We need the continuation this week ahead now.

$BABA has also nearly recaptured all declines post earnings on the 7th of Feb.

The inverse head and should...

$AAPL TOP 20

$AAPL is at the decision making time now.....there is almost no more room left to move....it finished the week in the 200 Day MA with a very tight descending triangle, which is a bullish set up.

$AAPL has been moving against the market lately and it is usually a sign of where the market is going, so a complete rejection...

$ABNB TOP 20

As always with $ABNB this has been incredibly straightforward and we rarely get any surprises from its share price.

The price action is getting tight into this ascending triangle now and the price has been knocking on the $155 line a number of times now with some breakouts in intraday movements too.

We need to see...

$AMZN TOP 20 - IMPORTANT NOTE -

I will be adding as many ABC corrections to our Top 20 Charts today as I can, so we can plan for the next 6 - 9 months, on where I expect Wave 5 to complete and the corresponding ABC correction

Each individual stock and the $SPY and $QQQ must be assessed separately.....they don't always follow each other perfectly and t...

$ETH

The bulls are doing a fantastic job holding onto the 1.618 Fib at $2933, there has been a fight here for the last 5 days and every time it looks like losing the level, the bulls are stepping in but are also met with some resistance at $3000.

I have trimmed a very small amount here because it has hit my target and in cas...

$ORCL - WATCHLIST -

$ORCL has now back tested the bullish channel breakout from above and the blue support line and bounced.

This is a good sign that there is more upside next.

This is a strong confluence level as the 200 Day MA is at the intersection now too, so a clean breakout above $111 next week and this could move up leading to...

$PAYO - WATCHLIST - IMPORTANT NOTE -

This is a reminder, just because you don't see a company or chart spoken about in our chat groups, or on X or that I have said I am buying, it does not mean that the share price is not worth buying or considering.

There are a lot of companies we could buy but it all comes down to what aligns with your strategy and how l...

$SOXL - ETF -

This Semi Bull 3 X has had a good week and continues to show strength and locked into moving up to the 1.618 Fib to complete Wave 3 at $50.

So there is still 20% on the table here for $SOXL in the short term.

No changes to this chart for us but worth considering for 20%

$REMX - ETF - RC

This rare earth/strategic metals ETF is worth keeping an eye on, the price right now is significantly down from its 2022 high at $128 and currently sits at $48, this is cyclical so a breakout of this downward channel will be interesting and a good exposure to an asset outside of the equity market.

I will have this on my...

$W - RC - WATCHLIST -

We have been following this for the last year and there are signs now that $W may be getting ready to break out of this consolidation range between the two blue lines.

Notably the two higher lows on the 0.78 Fib in November and the 0.618 Fib from the start of 2024 are showing signs that bulls have been buying on the ide...

$SPOT - RC -

Firmly in Wave 3 now and it looks like the price action is on a mission to run to our Wave 3 target at the 1.618 Fib at $312 over the next 2-3 months.

We are in Subwave 3 of Wave 3 here, so there will need to be one more pull back for Subwave 4 before going higher to complete Wave 3 at $312, the 50 Day MA will likely be...

$ROKU - RC -

$ROKU is down -26% in 4 weeks and sunk hard after earnings, in spite of a double beat and lost the 50 Day MA and cut straight through the 200 Day MA too.

It is now down at its final support yellow line, which has been in place since the start of 2023.

Bulls need to hold this line now in order to turn this around q...

$BIDU - WATCHLIST - HIGH PRIORITY -

Finishing the week strong with a breakout from the descending wedge which is a bullish formation.

Price has also held the 0.618 Fib at $107 and bounced, and now above the 50 Day MA.

I can also see 3 clear ABC waves in this pull back since early 2023.....and with the HSI breaking out today, this is in a strong posi...

$SOUN - RC -

This has been erratic but consolidating within the blue line range since early 2023, I expect there to be another leg up to complete another test at $4.96 but the bulls will need a lot to break above this level.

I would not be entering a position to hold long term until there is a break above $5 and a retest of the blue...

$CVNA

Did anyone catch this?

$XLV - WATCHLIST - LONG TERM -

Is this the cleanest chart right now?

The healthcare sector has been consolidating since the end of 2021 until the start of 2024 and now it has finally broken out above $141.

We have been monitoring this since the breakout and updating to remind members of how attractive this is right now for long term.

Alo...

$VET - RC -

$VET moved sideways from March to December '23 along the 0.618 - 0.65 Fib at $11 and looked to be in a good position to start moving up but unfortunately for them, on the 1st of November, when the market started its rally, they posted a bad miss on their earnings and it changed its trajectory, they have not been able to consi...

$MELI

Hard rejection at the 2 Fib which is the standard Wave 5 level to complete after earnings and is now down -12% after reporting an EPS miss of -54% yesterday.

I have added in the amber Fib levels for its ABC correction but there still may be one more leg up at play here to the blue line at $1969 (which is their 2021 high...

$PSNY

$PSNY is also down -7% today and battling hard to hold onto the support level above the yellow wedge line, falling back into this wedge may lead to a break down and we may have another company that is going to be in trouble with the exchange rules of having their share price below $1, like $FSR.

The entire EV sector nee...

$RIVN

$RIVN and the EV sector are not in a good situation right now, as there are some signs showing of capitulation in the sector.

$RIVN is down another -9% today after lowering their guidance on production numbers for this year and the price has gone from $28 down to $10 in 6 months, this has happened to a number of EV stoc...

$CURE - WATCHLIST -

$CURE is looking incredibly strong here and moving along our Wave 3 projection here.

$CURE pulled back to $102 at the end of Jan, it did not quite test the yellow trend line on the wedge but it didn't need to, the Bulls were only happy to pick up the cheap stock here.

$CURE is up 26% now since we first alerted the...

$BEAM

$BEAM is looking ready for its next leg up and continue along our Wave 3 trajectory.

It has managed to hold above the 50 MA for support and on the daily chart, we can see a golden cross with the 50 Day MA just crossing through the 200 Day MA today....which may account for the higher high being made this week too.

...

$HD

$HD is just approaching our First Target now $375, so we may expect some resistance here before it will move up to complete its move to the Second Target at $421.

I believe that any rejection from $HD at the First Target and a pull back back to the wedge breakout is a buy but I find this unlikely to happen, but somethin...

$NIO TOP 20

Bulls have not been stepping in for $NIO in any regard now and this is being seen across the sector too.

JP Morgan analyst downgrades $NIO to $5 and it sinks -7%, this may be some game playing leading up to earnings on the 5th of March but this has certainly delayed any reversal for now and we can expect a drift down th...

$SQ

Up +17% today on a day where the market is cooling down, after yesterday's monster rally.

I uploaded this chart yesterday before the earnings release to talk about the potential movements and that Wave 2 could be complete and $SQ has delivered as expected by

breaking above the 50 Day MA and the yellow channel line...

$CLSK

Moving very well in Wave 3 here and I do not believe it is complete yet until there is a test at the 1.618 Fib at $20.70....I have brought the dates forward here but everything else remains the same, this is moving fast as always but the target levels are the same.

Be patient with this one, she's a volatile one but as l...

$SQ - EARNINGS AFTER THE CLOSE TODAY -

$SQ reports their earnings after the close today and it is already up 5% today, moving bullish with the market and continues to follow $BTC's move.

$SQ is in a good position to benefit from a positive report, as the price has been consolidating sideways along the 0.38 Fib at $64.

The 50 Day MA just slightly above ...

$U

$U has pulled back now and has come very close to the 0.618 Fib which is the ideal level to pull back to and find support.

So far it has done that but please be mindful that the price is below the 50 and 200 Day MA at  $34, a break above this level is needed to confirm that the pull back is complete and we can get ...

$NIO TOP 20

We can see here that the 200 MA on the 1hr chart has been the resistance line and it hit 3 times over the last week....we can see that the 50 MA was moving up very close to the 200 MA at the opening today and because they were both getting tight, the price action needed to take a direction.....a breakout above $6.28 or break ...