The Long Investor

$BTC TOP 20

I have been bullish on this set up and we got the reward today shortly after the opening.

A new higher high and comfortably away from the wedge and pushing towards our $50k target.

The market is loving the BTC ETF news flowing in and I suspect it will continue on this trajectory for the next 2 days too......but le...

$SQ

In my last update I spoke about the need of a pull back here, especially since it was not able to hold above the yellow trend line and a pull back to the middle blue line at $55 would not be a bad thing, I have added the Fib levels here and we can see that the 0.618 Fib is right at the blue line too, so a 3 wave pull back to ...

$SOFI - RC -

Bulls continue to defend the blue line which we know is an important support/resistance line.

The price is just below the 200 Dma on the 1hr, so there is still a bit of work to do and I would not be surprised to see a dip down to the 0.618 Fib at $7.96 before it can recover.

But holders will be happy to see that t...

$DIS TOP 20

The 200 DMA on the 1hr chart now is the next test for $DIS at $92, a break above this level and we have the trend line just slightly above at $92.70, a retest of either of these levels and I believe the bulls will have done enough to attract more buyers to $DIS for the next run up to $102

Like I said yesterday, I am bul...

US 10 YEAR

Rejected again at the 200 Day MA and has now pulled back another -2% since rejecting.

We spoke about this happening in our last upload and I expect this to come down again over the next few weeks.

Settling close to the 1.618 Fib at 3.4 - 3.5%

$UPWK

Just like $PYPL, it came back to test the 50 Day MA before making another attempt at breaking above $16 again.

So you always have three options when something non standard happens:

1 . You trust the process and add to your position on a pull back.

2. You can sell

3. You do not moan and simply do nothin...

$ABNB TOP 20

Both $ABNB and $AMD are bouncing today as expected from yesterdays charts and this is a good sign but we want them to bounce in 3 waves and reject before making a new high and come down for one more leg to our Wave C level close to the 0.5 Fib at $122.

For this Wave A above, I can not see an ABC correction, just 1 wave,...

$PYPL TOP 20

Nice continuation on Friday after bouncing on the 0.618 Fib and the price has broken above the 200 and 50 Day MA now.

The 50 Day is at $60.80, so finishing above this level for the day will be a nice set up for the rest of the week to keep pushing higher.

The battle ground will be between the red line at the previ...

$OPEN - RC -

Continues to move very well and not giving me a reason to be concerned here, the pull back was needed and expected and also moving controlled too.

The moving averages are all where they should be too.

We can see that the 50 Day MA has crossed the 200 Day MA which is a bullish indication and both are in between the...

$ULTA - RC -

It has been 2 months since I last uploaded this (attached) and we had $ULTA completing Wave 4 then and it would bounce next.....that is what has happened over the last 2 months and we can see that it has met some resistance at the top resistance line now.

I had added in the white Fib levels now to show where support can...

$NIO TOP 20

Price is at the 0.65 Fib now in the PM at $7.91 exactly, just slightly below our hard $8 support line, which is our 0.618 Fib and First Target too, so the price action is showing some weakness now.

There is red in the US market and there is red in the Hang Seng market.

$NIO is not the only red stock today, there i...

$SPY TOP 20

Like the $QQQ chart, this has started its pull back after rejecting at its ATH line in blue but I believe this is only close to half way through this pull back.

The price action is not even at its 0.236 Fib level yet at $461 either and we would expect a pull back to at least the 0.38 Fib for Wave 2 and that is being kin...

$TSLA TOP 20

$TSLA is yet another stock in our Top 20 List that managed to finish the week on the 50 Day MA. The 200 Day MA was just slightly below too so I do not think it would have gone any further than these two levels.

Leads me to believe that a bounce is also due here before moving down lower to complete Wave C close to the 0....

$QQQ TOP 20

I have also added in the subwaves now of Wave 5 after getting a rejection trying to stay above the top blue line which was the ATH line.

This has been healthy to see and certainly warranted.

I am also watching for the 50 Day MA here as a potential support level for our Wave 2 and the white support line at $385. 2024-01-07 20:38:25 +0000 UTC View Post

$PYPL TOP 20

I changed the candles here for this update because I want you to see the clear gap above to $72.45 and to show the very clear green candle logged on Friday after bouncing extremely well on the 50 Day MA and the 0.618 Fib.

A strong confluence level delivered the support that we wanted and needed.

I have also seen t...

$PLTR TOP 20

We are tracking this very very closely and a lot of our members are keen to start buying here and I can see why.

$ARK funds started buying in heavy on Friday but they are a large institution and due to the volume of shares they want to buy, they can not simply wait until the potential bottom is found, as there may not b...

$NKE TOP 20

$NKE has pulled back exactly to the 0.618 Fib now, in fact it finished the week within a few cents of the Fib level, which means the price is respecting the level but it has been a very quick pull back and arguably difficult to see 3 waves from this chart, on the one 1hr chart is certainly more clearer.

So we will see h...

$MSFT TOP 20

Another stock in our Top 20 list that is just sitting on its 50 Day MA and this has moved sideways consolidating since the end of November, so when the conditions are right, it can proceed higher as expected to our Wave 5 target at $411.

The 50 Day MA can still be lost and test the 0.38 Fib at $361 and this is still val...

$INTC TOP 20

Clock work here out of $INTC, rejected at the Second Target and has so far given us a very healthy pull back and we are looking for a Wave B next as shown before pulling back for Wave C and completing Wave 4 before going higher.

$INTC has moved very well since breaking out of its ascending triangle in November and is al...

$F TOP 20

We spoke last week about the need for a pull back now to test the important yellow support line and the price ended the week on this support line, this is a good start but let's see if it can hold.

I have added the white support levels too, so even if the yellow line is not held, it is perfectly fine to hold one of the ...

$DIS TOP 20

Strong hold at the 0.38 Fib this week and the 50 and 200 Day MA.

I am expecting a strong move to the upside now.

I rarely give definites on charts because it is never easy to say a definite direction but I have not seen a more clearer bullish set up than this in awhile.

10% is on the table here for this Wave...

$COST TOP 20

Nice pull back this week after hitting the Second Target and I have added in the ABC waves now for a potential further pull back to our Wave 4 level which is just above our First Target level now.

The 50 Day MA is there right now, so I will be keen to watch if this offers support first before reaching the Wave 4 level.<...

$BTC TOP 20

I am showing a wedge breakout and a higher high and a higher low now, the price is also staying above the wedge breakout level.

Price is also at $44.1k going into the start of the week and I believe this is in a good position to go higher as expected.

I have no reason to doubt this chart either.

$BTC ETF app...

$BABA TOP 20

Finished the week with a streak of red but finished at the perfect spot for a wave 2 pull back at the 0.618 - 0.65 Fib to complete.....but it needs to bounce on this level tho.

We know that it can go to a lower Fib level, the 0.78 Fib next but what we have observed is that, whenever the 0.618 Fib is lost for Wave 2, thi...

$AMZN TOP 20

Another stock that has finally pulled back and has also found support on its 50 Day MA this week after dropping from $155 to $144, it has dropped $11 but I still want to see more downside before adding to my position. Since $AAPL, $GOOG and $MSFT were able to pull back, particularly to the 0.618 Fib, I believe $AMZN can do th...

$AMD TOP 20

Finally the pull back has started!!

We have waited weeks for this and it dropped from $151 to $133 in one week.

I think this will also get a relief bounce here shortly, as it held support just above the previous high at $132, once this bounce is complete, I would like to see a pull back further to our Wave C level...

$ABNB TOP 20

$ABNB remains one of my top picks over the next few weeks to buy because it strictly follows our count very well and uses Fib levels incredibly for support and resistance so it makes it easy for us to make money from this company, so we will continue to do this.

Support was found on the 50 Day MA and 0.5 Fib this week a...

$AAPL TOP 20

$AAPL is at an important point right now.

Finished the week sitting on its 200 Day MA and just slightly above its 0.618 Fib, making this a strong confluence level.

The 50 Day MA is slightly below at $175 which did provide support at the end of October which helped $AAPL rally from $165 to $199.

So both of th...

$BA

This is the exact same chart I uploaded on the 30th of November.....

I am not saying EWT was able to predict a door blowing out of a 737 Max aircraft but for some reason the grounding of all 737 MAX by the FAA has coincided at where we had our Wave 5 due to complete, which is also our First Target level too.

If th...

$GOOG TOP 20 - 5 YEAR PROJECTION -

5 Year projections are very important for us Long Term Investors, especially for a company like $GOOG, where many would build their portfolios around a company like this.

I said for the whole of 2023, it is important have a Mega Cap at the centre of your portfolio and recommended doing this over buying the $SPY or $QQQ,...