The Long Investor

$AMD TOP 20

$AMD and $TSM are very similar at the moment, both in a Wave 2 pull back and both seeking support close to their 0.38 Fib.....so choose which Semi company you prefer because this market will recover again and move to the upside....it is taking a well earned rest and pull back right now.

I am slightly leaning towards $AM...

$ABNB TOP 20

$ABNB has not held the 50 Day MA so we are happy that getting out of $ABNB until it drops lower was the smart move for now.

The issue for $ABNB is that there is little support on offer until the trend line at $125, but holding support here and if the market pull back completes, this would be a suitable position to start...

$AAPL TOP 20

Not much has changed this week for $AAPL, it has held the 1 Fib very well and just holding above the gap fill at $175, this is where we have Wave 4 set too.

I do not believe the market moves upward until $AAPL does, as we can see, the entire market has been pulling back since $AAPL hit the 1.618 Fib for Wave 3 at their ...

$BTC TOP 20

The more I watch $BTC the more I am impressed with it.

It is certainly behaving more and more like a stock and not a made up Coin where nobody can truly understand where it came from, or who owns it and what its real value is.

It is moving slow like a Mega Cap Stock that is worth $572 Billion in Market Cap.

...

$TSM - WATCHLIST -

Do not sleep on $TSM, it is pulling back in a very structured manner and just at the 0.38 Fib, where $AMD is about to hit too.

We know Wave 2's can pull back lower to the 0.5 Fib and the 0.618 Fib, so the further it can pull back, the more value you are getting.

I believe this will have no issue bouncing on one of...

$VZ

$VZ continues to look very weak here and has broken down below the blue line and to make matters worse, it has retested the blue line, which was the previous low, from below and has firmly rejected here....so our Wave 5 and Wave C targets are firmly on here.

This could come in sooner then the date on my chart.

$TOL - RC -

Continues to follow our trajectory and it is in one of those situations where the impulse and corrective counts are at least following each other up until $99.

I do like how Wave 2 held the 0.618 level, exactly where we like it to hold and has bounced very since.

Also, it has broken above the blue line, retested f...

$TMDX - RX -

This chart looks almost identical to the $AAPL chart. Where it has followed a very strict Wave 3 line and has pulled back aggressively after earnings.

I see nothing more than a Wave 4 pull back here and once it stays above the blue line, I do not see anything to be concerned about.

A break below the blue line and ...

$LEGN - RC -

Another clear upward trend here since 2021, following EW Theory very well here too.

Possible breakout of the channel shortly to complete Wave 3 at the 1.618 Fib before it gets a pull back for Wave 4, which pulls back exactly to the middle of the channel before going higher to complete Wave 5 at $100.

Nice chart an...

$GCT - RC -

This has been getting some attention on line lately and it has been performing very well, it is not an area I would be chasing here however.

The chart is showing how a stock can behave when the 50 day MA crosses the 200 Day MA, in this case, we can see that it was certainly a bullish indication and the price has moved q...

$FCX - RC -

I like how this chart has been forming, very clear flag here with a triangle formation, I prefer the ascending triangle formation as I feel this is more bullish but equally, the trend leading into the flag was upward, so we expect the trend that leaves the flag to continue upward too.....that is the theory.

First test w...

$ESTC - RC -

We can see that this is in a strict descending wedge, price needs to work its way through this wedge and when it is ready to break out it will, descending wedges do tend to break out to the upside when they are complete so it may take a number of months but as long as it holds the bottom trend line in the wedge, it is safe. 2023-08-12 10:50:15 +0000 UTC View Post

$AXON - RC -

$AXON has been in this parallel channel since 2016 and is still moving in an uptrend as part of an overall impulse wave, it is currently in an ABC count right now, possibly until the end of this year and the start of next year but once Wave C is complete, it should continue its trajectory upwards through this channel, I am no...

Important note

The Top 20 charts have buy zones on them, this zone is where I feel the price is undervalued.

Charts that I upload WITHOUT - RC:

Are charts of interest and following either an impulse wave or corrective wave. I chart $COIN for example, it doesn’t mean I think you should buy it but a lot of members are invested h...

$ZM

Another stock that has pulled back more than the standard level but we can see that its been trying to hold the 0.78 Fib for this week, which is just above the wedge apex too....so far it is doing an ok job at it....but $ZM still makes people feel uneasy.

I am not too concerned here, it is right in the middle of the buy...

$SQ

Update is the same as $PYPL, pulled back in an almost identical structure and trying to find support now, it has not been moving down as aggressively but I have not seen much consolidation yet, when I see this, I can add counts but right now we are not in the business of starting to guess what way a count will go.

I am ...

$SE TOP 20

The common level to find support for Wave 2 is the 0.618-0.65 Fib levels, anything below this and there is some weakness.....and it is very obvious that the market itself is that weakness, we are seeing a lot of stocks trying to hold Fib levels below the standard pull back area right now.

This does not mean that the cou...

$PYPL TOP 20

$PYPL, $SQ and $SOFI are in similar situations, they all need to find support.

There are no changes to our count but I need to see some support held comfortably with some consolidation.

My thoughts on $PYPL remain and I have added in the buy zone again and I am happy holding this position, I think I am -3% down he...

$PFE

The more I watch this, the more I just see it starting to erupt.

The plan remains the same here, needs to break out of the wedge and hold above.....I feel a catalyst is soon and it is likely in the form of some Covid announcement but my plan will not be to add until I see a hold on the outside of the wedge.

$36.20...

$OXY

I think everyone knows by now that there are some stocks and charts that I just adore and $OXY has always been that stock and the chart is as beautiful as they come.

I have posted a number of charts today that are all in an upward trend, they are all solid and strong companies to be holding while the market is weak.

$JD

$JD is in the same camp as $BABA and $NIO, using the 200 Day MA to find support and still looks good with more upside still to come.

$BABA is in a strong position I believe and this is why I have added more to $BABA instead of buying other Chinese stocks.

However, as long as this stays above the 200 Day MA, there ...

$HPQ

Another strong performer and also very similar to $GPS, it has formed a triangle here as the market is dealing with weakness and is just consolidating in this triangle....another strong indication of how this stock is.

Buffet is a fan of this too and he has been correct with $HPQ and $OXY, they are moving in the right d...

$GPS

Like I said yesterday in an important note.....there will always be stocks that will continue to perform well even if the market is declining and $GPS amongst many others is a perfect example of that.....this is why we buy fundamentally strong companies with good technicals.

Forming a triangle here and we are watching f...

$ETSY

This is quite impressive to watch and a perfect example of having theory in charts to back up your thought process.

$ETSY showed a number of conflicting views and often looked bullish and about to reverse but it never found support and we never changed the count here....now we can see that $ETSY has continued its move d...

$CVS

Mr consistent $CVS is doing as promised and working its way through this impulse count very well.

Held the Wave 4 level at the Blue line and has performed well this week, in spite of weakness across the board, positive earnings has given this some momentum.

I expect this to continue up and finish Wave 5 at $80. 2023-08-11 09:41:32 +0000 UTC View Post

$COIN

Chart remains in this downward channel and has lost the 50 and 200 Day MA and has retested the blue line from below and has rejected, this is a number of bearish indications.....a relief bounce is due but likely for me to only be a Subwave 4 bounce before going lower, I would be in no rush to buy here, only getting above the ...

$AMD TOP 20

Happy to see this break down from the wedge and move in the direction we expect.

I think it is showing weakness now so the plan remains the same, we want to see this at least hit our 0.38 Fib, failure to hold here and we will watch for support Fibs lower as shown in white.

No rush here to jump in.

$BABA TOP 20

Very nice day yesterday for $BABA, strong earnings and a bullish cross for the 50 and 200 Day MA.

PM is showing that the market is taking a bit of steam off today, the structure here is moving well to the upside, with higher lows recorded and the 200 Day MA acting as a strong support line......something we are observing...

$NIO TOP 20

Fought all day yesterday to stay above the 1 Fib and the Blue line and although it ended the day on the lines, it is struggling now in the PM.....we know that the PM means nothing until the market is opened but lets look at what the possibilities are.

$NIO is in a very strict descending flag and although it is not nice ...

$PLUG

You can not buy and hope for a stock to reverse, the trend is downward until it shows signs or reversing and does reverse.

$NIO for example, is in an impulse wave moving upwards, sensible to buy on pull backs and be a bit more risky as the trend has been reversed after Wave 2 is confirmed in.

$PLUG has not broken ...