The Long Investor

$ZM

Great recovery so far from $ZM and up over 20% now since its low at the end of October.

I am also very happy to see that $ZM retested the yellow trend line yesterday and held, then bounced strong today.

This is what we always look for and it is great to see.

Now let's see how well $ZM can push higher in this...

$SOFI

Remember the big picture for $SOFI. It has been a rollercoaster for the share price over the last 2 months, with some wild swings and losing and gaining important support levels but I have been impressed with it trying to hold the 0.618 Fib, which is the standard Wave 2 level.

It needs to break out of this downward chan...

$LUV - RC -

$LUV is at a very important junction now, it is testing the 0.65 Fib at $26.56 from below after bouncing very well on the blue line, which was the Covid Low....we have seen on the $DIS chart, just how effective a bounce can be on the Covid Low line.

A break above $26.56 and above the yellow trend line just slightly abov...

$NIO TOP 20

How $NIO is still holding above $7 is very surprising at this stage but yet the bulls keep winning the battle to hold it.

The wedge is getting tighter and tighter and this is all pointing to a show down leading up to earnings.

I want earnings to get out of the way and not inflict too much pain.

Anything posi...

$PYPL TOP 20

$PYPL has bounced as expected too and is moving towards the top of the trend line again, we want the price to break out of this channel now to the upside and move up for Wave 3, ultimately moving to the red trend line and our Wave 5 at $66. This will be the real test for $PYPL, getting above this hard resistance level.

...

$ABNB TOP 20

What a move from $ABNB today, in this bullish flag all week and broke out today and moving straight to our Wave 5 target, I will be updating this over the weekend and adding in the ABC correction after we see how today ends.

$ABNB has been one of the best performers for me this year, making 45% gains for Wave 1, selling...

$NIO TOP 20

It is a rare day when a lot of the market was red for the majority of the day and $NIO stayed green.

We won't jump to any conclusions however but say, $NIO has still managed to stay above the June low.

Some striking resemblances leading up to that June low too, the price was moving around $7.30 leading to earnings...

$CELH - RC -

Very straight forward here and I see no other outcome right now, moving very well in this channel and I particularly like how Wave 3 hit the 1.618 Fib at $69 and then pulled back and is looking to test the 200 Day MA now.

As always in this structure, we then look to the 2 Fib to set Wave 5. So that is at $82, at the top...

$BA - RC -

$BA has bounced very well on the 0.5 Fib but it is difficult to see a Wave B in this pull back from the August high, so there is a possibility here that Wave B completes as a double top at $243 and then proceeds down to Wave C to the 0.618 Fib.

This bounce has been very strong and aggressive, so let's see if it can make...

$SPY TOP 20

$SPY is just sitting on the white trend line that we spoke about at the weekend, which is the main reason why the market has not pulled back more aggressively yet, I think that this support line will not be held and we get our pull back to the white fib levels as shown, this will be good for the market and a good opportunity ...

$XPEV

This has been nice work by $XPEV, look how Wave 3 in November hit the 1.618 Fib exactly and pulled back for Wave 4....Wave 5 then proceeded exactly up to the 2 Fib at $18.71 and rejected and has moved down now for Wave A.....Can not get anymore textbook than this.

Once Wave C is complete, I expect $XPEV to move higher a...

$PYPL TOP 20

$PYPL is in a channel now and still drifting upwards and making a higher high and higher low, the price has also managed to stay above the 50 and 200 Day MA on the 1hr chart.

The hard reversal yesterday was a little discouraging considering the momentum appeared to be behind $PYPL finally but the market decided that it ...

$AMD TOP 20

I am still interested with adding to my $AMD holding if this pull back continues to come down below the 0.38 Fib at $113.

Ideally I want to see the pull back to the 0.5 Fib at $109 at least but we will watch how this pull back moves.

Needless to say, I am happy to see this slow down and not go anymore extended. 2023-11-30 20:22:45 +0000 UTC View Post

$ABNB TOP 20

Is still in its bullish flag here and working its way sideways as the market considers its next position, there is certainly a lot of weakness in the market today and yesterday and a pull back is desperately needed....so we could be seeing the start of it now.

Let's see how $ABNB holds during this time, once it stays wi...

$PFE

$PFE is making another attempt at breaking out of its wedge now, this is also a test of the 0.887 Fib from below at $30.50.

So far $PFE is not showing that there any concerns of another Covid Wave coming as the share price has not broken out yet of this very long decline and it is the 1st of December tomorrow.

Let...

$FSR

The market is not liking $FSR right now, they are not confident about what happened leading up to their earnings being delayed and not filled with confidence now that two CAO's have left in quick succession.

This is taking nothing away from the products they have....but there are concerns here and the shorts are jumping...

$GOOG TOP 20

More good movement by $GOOG as it approaches its 0.38 Fib and maybe not too surprised to see $GOOG behaving as the model student as it has done all year and has been leading the pack here too.

The 200 Day MA is at the 0.38 Fib on the 1hr chart so likely to see some support here but ultimately we want this to come down f...

$LULU

Who has bought $LULU?

I want to know who has been buying our impulse charts like $LULU because members who are doing well tend to stay quiet and just let their stocks work for them and it is the right thing to do but I'd like to know who is following these charts and if not, why not?

Or are members solely just wa...

$UWMC

Is a company that focuses on mortgage sales and is certainly stuck between two scenarios here.

The bounce since Sept '22 has not looked impulsive but it can be a leading diagonal for Wave 1 and since it held the 0.618 Fib, which is the perfect spot to hold for Wave 2, we must consider Wave 1 as a possibility here and th...

$GME - RC -

$GME squeezing lately as institutions panic at the state it currently is in and want to exit this stock, as it will follow $AMC to the depths of bankruptcy soon.

The 200 Day MA is at the wedge trend line at $19.41, the price could continue pumping to this level but I see no good outcome here for $GME, if it rejects here...

$ONON

Very nice day for $ONON, broke out and above the 200 Day MA and kept pushing higher until the end of the day too, which is an impressive show of strength.

PM is also up 1% now too, $31.10 is the high from Sept, so getting above this level will be a further confirmation of the upward trend.

Wave 3 is at the 1.618 F...

$GOLD - NYSE - BARRICK GOLD CORP

Ok this is the ticker $GOLD, which is on the NYSE and not to be confused with our Gold chart which was uploaded yesterday that reflects the price of Gold right now....this chart above is a company that focuses solely on mining and distribution.

I am adding this because I want us to be prepared for the market if it takes...

$SILVER - IMPORTANT -

Just uploaded this chart again because it is an important one and at an important level, just like Gold.

No changes to the chart here but the price is testing the yellow trend line which has been a resistance level since the start of 2021.

Like Gold, it has successfully rejected consistently at this level.

A...

$ZS - RC -

It must be at least 6 months since I last uploaded this, we had it going down to our Wave C level at the blue line and that has hit.

Moving up well now, price has gone back above the 200 Day MA and formed a bullish flag leading into earnings, assisted by the 50 Day MA in the bull flag too which was also a bullish indica...

$RXRX - RC -

$RXRX has held the blue line now twice in May and in November and has bounced since, it is just testing the 200 Day MA now so will need to convert this to a support level to confirm that this is in an impulse wave. A rejection here at this level and it is back down again to the blue line for Wave B.

I have added in the ...

$GOOG TOP 20

$GOOG is now the second Mega Cap after $MSFT to show signs of a pull back in a structured count.

$MSFT has already completed its Subwave 2 and I do not believe $GOOG has completed its yet, I do like that it has pulled back to the 0.236 Fib already and is sitting on it right now which is not a surprise.

I want to s...

$ADAUSD - ADDING -

$ADA continues to get tighter and tighter in this wedge now and it has been extremely structured too.

The Theory is that, the trend leading into this wedge should continue out of the wedge, so in this case, the trend was bullish and should break to the upside next.

A break above $0.39c should make this move up to ...

$ASTS - RC -

Ascending triangle formed here at the $5 level, as the market awaits vital information about whether or not $ASTS will get the funding they need to continue their ground breaking work.

This does come with some risks, especially if the company needs to dilute in order to pay for its projects, the devil will be in the det...

$BKNG

Another stock that has broken out this week after finding support on its 200 Day MA and has bounced very well since.

This is one of Michael Burrys biggest holdings too and I can see why he likes it so much, it is the leader in its sector and they are expanding by adding businesses to compliment its core product.

I...

$PARA

I have been watching $PARA for awhile as it was once a favourite of Buffetts and he bought it before the spike in early 2021 but since then, the price has been pulling back all the way to the Covid Low Line at $10.

It has bounced since approaching this line and this can be considered as a double bottom here.

$PARA...