The Long Investor

$GOLD TOP 20

$GOLD looks to be moving down this corrective count in 5 waves, likely a retest of the top trend line again, a rejection here will confirm that the downward trajectory will continue as shown.

We have not seen any surprises to this chart and it has not changed this year, in spite of a lot of potential influences.

$F TOP 20

$F does not get spoken about a lot in our group but the chart has been very readable but its simply not $TSLA or a solely EV stock so its not 'sexy' to own.....but we need to move away from this, let the chart and fundamentals determine what we should buy.....banking profits is sexy, I do not care what the company does.

$COST TOP 20

What else needs to be said here, it has broken out of this clear wedge and has not looked back since.

The price could be in Wave 3 now and could continue higher through our First Target before its next pull back.

I see very little in the way of this running to our second target at $670

$AMZN TOP 20 - IMPORTANT -

LET ME BE INCREDIBLY CLEAR HERE:

WE WANT $AMZN TO PULL BACK TO $120.

$AMZN is one of my largest holdings and I will not be playing games with it, so I had no intention of selling at Wave 3 to buy again at Wave 4, I want to keep adding to $AMZN to hold for long term.

Earnings on the 3rd of August, so again, w...

$AMD TOP 20

Its safe to say we are delighted with this, nobody expected a pull back at $122 and to lose the 50 Day MA online but we knew better, the chart has been flawless so far and it needed an ABC count after hitting Wave 5 at $134.

So this is where we start thinking about starting a position.

The 0.38 Fib is at $102, whi...

$AAPL TOP 20

$AAPL has set the tone this year and has run the market, its climb since Feb has been nothing short of breathtaking, in spite of some of the most challenging conditions in its history and it passed all tests with flying colours.

The price action rejected at the 1.618 Fib at $197, so I want to see this pull back as Wave ...

$SDGR - RC -

Very strong run here since April after finding support on the 50 Day MA after it crossed upwards through the 200 Day MA which we know is a bullish indication.

Price action keeps climbing through the Fib levels but in a structured manner, plenty of pull backs but finding higher lows.

I expect Wave 4 to complete soo...

$SPWR - RC -

The price action is likely to continue down this trend channel and I have set support/resistance Fib levels in amber to see how this is working its way down this channel by losing support.

The bulls will be hoping that the price action comes up to meet the 200 Day MA and flips this to support, if this can happen then th...

$SPT - RC -

Very long consolidation here since May 2022.

This this ABCDE count continues, we should see another test of the yellow trend line above at $70, but I can not see the start of an impulse wave yet.

Breaking above $70 will mean the price is into the bull case and we can start showing an impulse wave higher but until ...

$TLRY - RC -

No changes to our previous chart uploaded, it has lost the important blue line while working its way down its wedge and is enroute to our first target now.

The price action is below the 50 and 200 Day MA and has not tested the 50 Day yet either so I am not seeing signs of reversing yet.

Earnings next week so manag...

$SPCE - RC -

Still consolidating here as it has been for the last year, not able to break above the previous highs and the blue lines due to setbacks in their operations.

I do think there is a market here in the future and I do believe they are ahead of the pack, the market needs more solid information and concrete dates for their o...

$RBLX - RC -

I have had another request for this chart but there is no changes here, the rejection at the wedge line is normal, the price is still above the 50 and 200 Day MA, so as long as this is held, the price will likely test the wedge line again and possibly break out next time....for now, the chart is looking bullish, bullish wedge...

$MARA - RC -

Like a lot of our Crypto related stocks, it has been on a very positive run over the last few weeks and letting off some steam here now....we can see that Wave 5 extended here all the way to the 2.72 Fib, usually it tops out at the 2 Fib, so the aggressive pull back makes sense as the adverse effect of that extension....remem...

$FREY - RC -

I have added in the amber corrective wave here but the chart is not very clear and corrective waves that end high like this is are part of a larger consolidation phase....which we can see that this is between our parallel yellow line and also between the blue line range too.

I am not seeing an impulse wave here and the ...

$BTC TOP 20

Performing very stable here, in between the 0.238 and 0.38 Fib level now, we wanted this to pull back a little more and so far its been doing that. The 50 Day MA is just below the price action now and the 200 Day MA is below that too.

This may pull back a little more to where I have the 0.5 Fib at $28,550 but next is Su...

$ETH - RC -

We can see that $ETH and $BTC are closely aligned and are both trying to get above their respective blue lines which would trigger a move to the upside.

From this chart, $ETH appears to have completed its subwave 2, whereas $BTC is still working its way through its own.

Usually $BTC leads the pack, so if $ETH reje...

AUDUSD - FOREX - RC -

Large wedge formed here but I am favoring the bull case and impulse wave here but the price action needs to break above 0.69 to confirm this and of course hold above the wedge line too.

I am happy to see the corrective wave in red, finish very well and in 3 clear waves, so the impulse wave is in good shape now after Wav...

$DAL

The beautiful $DAL chart, as beautiful as the $ABNB chart.

Looks like we got our Subwave 4 pull back and this will complete Subwave 5 now of Wave 3 and then a second pull back to the yellow trend line again for Wave 4.

I will likely add again when Wave 4 is complete and catch Wave 5 up then.

$RIOT - RC -

These crypto related companies need to start letting off some healthy steam shortly.

I can comfortably see 5 impulse waves now and we can see that Wave 2 and Wave 4 were very similar in shape, both long and sideways. Another indication of the 5 waves count.

An ABC count now would be ideal and possibly down to betw...

$LULU - RC -

$LULU had its peek-a-boo moment this week and back just under the ascending triangle trend line again....I think it will make another attempt again to get above the trend line and hold above it.

If it can do this, this would be a strong move and would confirm the impulse wave.

The price action is already above the...

$SOFI

Continues to perform well, the breakout from the bullish descending triangle is as standard as you can get, the count remains the same as it is not clear whether of not Subwave 3 is complete yet, a pull back to our blue lines, where I have set Subwave IV (4) would be an ideal position to add to go higher.

$LCID - RC -

$LCID is behaving very similar to $FSR here, I can see 3 waves now in this Subwave 2 pull back that we have been watching and just holding at the 0.618 Fib line now, just like $FSR, this is where we want to see some movement to the upside shortly and the bulls to step in.

$NIO is still holding up well while $TSLA still ...

$GPS

Looking good hear, broke out of the wedge, moving sideways in a channel and above the 50 Day MA, a break above $9.85 and this will be a bullish move, a hold above this level and we are into the start of an impulse wave.

The 200 Day MA is still above where I have set Wave 3, so you are very early here, but I am seeing si...

$DIS

Not seeing any signs of reversing yet, in fact I can see a slight reject at the wedge line again this week and now the price action is staying below the 0.618 Fib, the 50 Day MA continues to slope downwards too.

We are very close to our buy zone here, where I consider this to be at an undervalued price.

I know som...

$FSR

So far, $FSR is completing an almost perfect Subwave 2. 

I can see 3 waves in this Subwave 2 now and the price just held above the 0.5 Fib level and the 50 Day MA.

Everything is in place now to benefit from a move to the upside.....we need the bulls to step in.

If the price can start moving to get above...

$ZM

$ZM is performing better today, ultimately I still want this to get back above $72 but I would be happy to see the 200 Day MA recaptured at $71.43 next, I am not concerned about time with this.

Until $72 is recaptured, I can not rule out that another pull back can happen to the 0.618 Fib which is at the wedge trend line...

$SE

The plan remains the same here, still in the inverse head and shoulders pattern and pulling back nicely to the levels we have been waiting for between the 0.5 Fib and the 0.618 Fib.

Down to $58 will gap fill too and I think a lot of people will be focusing on this level and if we can get support here, I think we will be...

$PLTR TOP 20 UPDATE

$PLTR appears to be moving more to the downside than the market right now which is a good sign for us, who want to buy or add to positions.

Like $AMD, I want to see this move down in 3 waves to complete Wave 2. So I will be watching between the 0.5 Fib and the 0.618 Fib, between prices $12.31 and $10.81.

We can se...

$NIO TOP 20 UPDATE

$NIO is still holding its structure and I am not seeing anything abnormal here, its holding above the 200 Day MA still and it has not even tested it again since Monday.

Yesterday could have been a day difficult day for $NIO but it was in line with the market.

Bullish flag formed here but still in its early formati...

$BABA

$BABA and $ABNB behaved like outliers yesterday but we know that they were not due any pull back so we were not surprised to see them flat for the day.

This is also why I like buying individual stocks as oppose to the market, the market is a mean, some stocks can perform against the market too.

Nice wedge forming ...