The Long Investor

$F TOP 20 UPDATE

$F is doing everything that has been asked of it so far.

Holding the 0.618 Fib very well, next big test will be the 50 Day MA at $13.55, as this has been a resistance level since the start of July and during the entire pull back from $15.

$F announced that they resumed F-150 production and said that price cuts led...

$CAT

An +8.8% day today after its earnings report.

On a very difficult day too.

It was all set up for a nice pop as described yestrday and the moment it went above the blue line at $266, it did not look back.

Entry point now would need to be a retest of the blue line from above.

$TSLA TOP 20 UPDATE

It does not look pretty here for $TSLA in the short term.

Rejected three times trying to get back above the 200 Day MA on the 1hr chart, at our important $268 level.

We have maintained since the start of June that the $268 level would be an important level, back then the 200 Day MA was at $175.....and now it is at...

$PFE

$PFE did not get the catalyst it desperately needed today to break out of its long and tightening wedge.

We can see that it got a slight bounce at the opening to the 50 and 200 Day MA on the 1 HR chart and it rejected, before attempting to test the yellow trend line.

And so the price action continues to follow the...

$FSR

On a stubborn red day across the markets today, $FSR was a glimmer of hope.

We have been watching this closely and have been impressed with $FSR first holding at the 0.618 Fib at $5.72, we then wanted to see $FSR get above the 50 Day MA at $6, this was no issue and we also wanted to see $FSR get above $6.41 and so far i...

$AMD TOP 20 UPDATE

$AMD have just released their earnings report and it was a slight beat, by the finest of margins. EPS was beat by $0.01 and Revenue of $5.36 Billion beats by $40 million. 

It reacted positive to this news and then their CFO announced that $AMD forecasts third-quarter revenue to be below estimates.

For a Semi ...

Top 20 List Reshuffle.

I am considering adding $BABA, $SE, $DIS and $PYPL to my TOP 20 LIST.

I will remove $VIX, $GOLD (because it is a slow mover) and $HD.

What else should I remove?

$RXRX - RC -

Satisfied that this amber corrective wave completed and ended with a parabolic move and rejected heavily and fell below the blue line too.

When Wave C ends high in a corrective wave, it is normally followed by 5 waves down, likely we are in Wave 2 of this downward movement.

The 50 and 200 Day MA are a good bit dow...

NVEI. Toronto Exc. - RC -

Overall a straight for Corrective structure, where we can see that the Amber WXY count is the primary count and this is usually incorporated by 3 ABC waves in each count.

So far this is behaving nicely in accordance with these rules.

Price action may get another retest of the 50 Day MA at 41 before going higher. 2023-08-01 14:56:54 +0000 UTC View Post

$JBLU

Beat on earnings, just slightly but gave a cautious guidance, as they voiced concerns for their domestic travel.....but having read the report, there is no mention of their international travel network especially traveling and expanding to London, Amsterdam and Paris etc. 

I am surprised to hear that the CEO did no...

$BABA

Good day yesterday, we can see that the price action tested the 1 Fib again at $99.72 and bounce to finish the day 1.6% up, I added a small bit to my $BABA holding when this happened for a number of reasons:

1. It continues to make higher highs and higher lows.

2. It tested an important Fib level and bounced.<...

$PYPL - MID RANGE PROJECTION -

I have uploaded this before but I wanted to add it again, so our new members can view this.

So far, our plan has been going perfectly here, we set the buy zone, we waited for the price to enter and then we added.

The price went deep into the buy zone so we had plenty of time to accumulate and this has been on an u...

$DIS - LONG TERM PROJECTION -

We are starting to see signs of reversing here, after a long abrupt and aggressive pull back for Primary Wave 2 from the highs at $202.

We can see that Wave 2 may have finished on our blue line which is also the 0.618 Fib, taken from the start of Wave 1 to the top of Wave 1.

This is not coincidental as we all know...

$NIO TOP 20 UPDATE

20,462 were the July delivery numbers, a great achievement.

$NIO said that they would start ramping up by this summer and so far they have been keeping to their word.

We can see that $NIO bottomed at $7 on the 1st of June, another production results day, so we can see that the share price is moving in line with e...

$CAT

Earnings before the opening here and the the price is just below the blue line which was the previous high and 52 Week high at $266.

A positive earnings and this breaks out and we are into the Bull Case and this could run to the 1.618 Fib at $372, just needs to hold above $266.

A 2% dividend stock, with good funda...

$PTON

Damn that 0.618 Fib is sent from the Gods.

Especially when it aligns with the 50 Day MA, the bottom of a wedge line and it conforms to Subwave 2......we are seeing this on a lot of charts right now.

So pick your stocks wisely, be greedy for these circumstances, this is the best and only way to be greedy.

For...

$UBER

Also earnings before the market opens tomorrow and this is definitely in an upward trend here, the market has been feeling confident about a beat here....the only issue is that if you are not in already, it may be too late, it appears to be a case of a run up before earnings before a pull back shortly afterwards.

If you...

$JBLU

Earnings before the opening tomorrow here too.

Almost identical to the $LUV chart and if you want a chart to be ready for upside, ready to take advantage of a positive earnings and progressive guidance then $JBLU is presenting that now....the market just needs to hear this from their report.

Pull back has held the...

$PFE

Earnings tomorrow before the opening.

We have been monitoring this for months now and waiting for a catalyst to turn this sleeping giant around.

PR wise, this is not a popular company but there is no denying its revenue and its fundamentals and ultimately, Revenue will have the last laugh.

$34 is at the 0.78...

$FUBO - RC -

I get a few requests for this, even though we can see that this is following my chart clearly and I understand, this has broken many hearts over the last 2 years and people need reassurance......but it is following our count perfectly.

$GPS

Out there doing as we expected and doing it will elegance.

Going under the radar and still at an early stage.

This entire count is only Wave 1, so we expect a pull back after Subwave 5 is complete. 

$JD - RC -

Bullish indications all around for the Chinese stocks and $JD is no different.

Has bounced very well since hitting its 0.78 Fib and has now gone above its previous high, confirming its bullish trend and this Wave 3 too.

I expect this to run to $48, which is the 1.618 Fib, where I expect $BABA to run too aswell (th...

$STNE - RC -

I have cleaned up this chart and have only left in the First and Second bullish targets, as this is clearer to read and it is following this trajectory, after retesting the bottom yellow line and found support there too, which was just above the 200 Day MA.

A break through the $15 target should put this in a good positi...

$COIN

Working it's way down nicely through this Wave 4, if it can hold above the blue line where I have Wave 4 set, this would be a great area to add to catch Wave 5 higher, which goes as far as $153.

I believe this is waiting for $BTC to move and they will move together higher.

$LUV

So we are happy with how $LUV has performed since hitting the 0.618 Fib twice at $32.66 and bouncing.

Now we can see that the 50 Day MA is above to cross through the 200 Day MA on the daily chart and as we know, this is quite a bullish indication, especially on the daily, as it is showing that the trend is bullish.

$DIS

I am watching this closely. Former Walt Disney advisors have return to $DIS to assist CEO Bob Iger with turning around operations.

The market appeared to like this news.

On the 1hr chart, we can see that the price action has retested the wedge from below and has so far broken above this line, which is also where t...

BUY ALERT

Added to my $ZM holdings

$LCID

$LCID would not be my Top 3 EV picks but the chart is looking stable and has been following our count and it has NOT started its Wave 3 yet....unlike $NIO and $XPEV, so if you missed your opportunity there, there is always another opportunity waiting for you.

We spoke above this needing to show 3 Waves in this Subwave 2...

$ZM - COTW

$ZM has been a previous COTW but I continue to be impressed with its set up and I have added towards the end of last week and it is another stock I intend to add to today.

I like the price above $72, which keeps it above the 200 Day MA and the blue line.

A break and hold above $75 and this could start moving quick...

$SE - Previous COTW and looks good again this wk

Chart uploaded on Friday has said all I need to say about $SE but I am drawing attention to this again.

The 200 Day MA is at $64.23 and that is just above the top of the ascending triangle line, a hold above this level and this is looking very good for our impulse wave.