The Long Investor

$RBLX - RC -

Let's start the day off with another high potential .

There is a number of items to be bullish about:

1. The Wave 2 pull back at the very end to last year stopped at the 0.887 Fib, it was quite low but valid for Wave 2 but bounced extremely well, jumping 90% afterwards.

2. The Subwave 2 then pulled back to t...

$MRNA - RC -

And another one.

Holding at our blue line which was the previously low, looking primed to reverse showing, holding just above the 200 Day MA on the 1hr chart now and may catch this bullish wave up that appears to be taking over the market.

So take your pic.

A lot of opportunities right now.

$MARA

We want consistency and structure from $MARA now....rejected at our 2 Fib and a healthy pull back now would be encouraged after shooting from $ 9 up $18 in 3 weeks.

$EL

Another chart I do not want people to forget about.

$EL is the leader in beauty and cosmetics and the chart has been beat up this year but holding above our blue line and holding above the 200 Day MA very consistently over the last 4 weeks.

Wave 2 could be complete very shortly and this will start its Wave 3 move ...

$AMZN TOP 20 UPDATE

PM action is bringing $AMZN up Wave 3 further, so we are back on track here.....even though this chart has not been changed in about 5 months now.

$140 at the 1.618 Fib is what we are looking for now.

$LAC - RC -

Very similar to the chart I just uploaded, I like how the price has held above the previous low, however lower than the 0.618 Fib but the price action is not fully out of the red channel so far, if it can break above and hold, then the impulse wave is live. 

I think a very big test here is getting above the 200 Day...

$XBI - RC -

No changes to the count at all here, still in this yellow channel downward, so I need to see a break out to confirm any upside movement, for now it is still at risk of coming down further.

The positives are that I like how the price held at the 0.618 Fib in March and it is staying above the 200 Day MA for now....althoug...

$NNOX - RC -

I think with both scenarios there is still upside here, I need to see more to confirm the impulse wave....if the price action can come down to the 200 Day MA at the 0.618 Fib, I am happy that this is in an impulse wave but so far there is not enough movement to confirm that this overall structure is not an ABC count and so I ...

$HPQ

Subwave count added here after breaking out of this ascending wedge, I spoke about this happening on Monday before the market opened and it executed perfectly.

Likely in Subwave 3 now and looks very solid and controlled to continue higher.

This will move slow but it is safe money.

$BLNK

A reminder not to forget about this opportunity.

A breakout of its very long wedge now, only one wave so far and just at the 50 Day MA on the 1hr chart now, so ideally we would like to see a retest of the wedge from the upside at $5.70, if this can retest, hold and bounce....we have a buy signal.

You are very earl...

$AAL - RC -

Almost identical to the $DAL chart, though a slight bit earlier, earnings report is out next Thursday before the market opens.

I went with $DAL because I prefer their cost structure and the fact they own their own oil refineries, which is a massive costs for airline.

But both picks are going to follow each other.<...

$DAL

I feel like labeling what happened with $DAL, the '$DAL situation', where fundamentals and technicals align, in spite of popular opinion, it was a buy at $31, while nobody wanted to touch airline stocks.

This is what we need to continue doing, be ahead of the market and buying when we combine both analysis.

Earnin...

$HD TOP 20 UPDATE

So $HD has done what was asked of it and went straight up to our Wave 5 target and we can see that it rejected at this Fib line too.

Now at the 2 Fib and seeing 5 waves, this is where we set our ABC corrective wave.

However the market is quite bullish at the moment, so lets not be surprised to see this run a littl...

$GOOG TOP 20 UPDATE

Watching now to see if Wave 4 has completed, it has pulled back exactly to the trend line and found support and bounced....price is just below the 200 Day MA in the PM now....will this act as a resistance level again for the short term?....it is possible, if it does, the price action could move down to the trend line again or...

$SE - PREVIOUS COTW -

Let me very clear here, I am just provisionally adding in a subwave count here so we have a ball back area to watch but I need to see this current wave complete before I can accurately determine where Subwave 2 completes, and at subwave 2 completing is where we want to add.

The price is above the 50 and 200 Day MA on th...

$IQ - PREVIOUS COTW -

Last update we spoke about $IQ needing to get above the previous high at $5.70, it broke above that yesterday and held then at $5.70 to end the day. Nicely up 2% in the PM now.

From my last chart, where I had a small ABC count in red, I believe this is complete now and that is subwave 2 is now complete, we could be in t...

$FSR

Really nice hold here above $6.41 today, came close by about $0.04cent and then bounced.

I think Wave 1 is not complete yet however, it has just been a single move since bouncing at $4.85.

So the higher Wave 1 goes, the higher I can set Wave 2....ideally I'd like Wave 2 just to come down to the blue line again and...

$FUBO

First target hit today and this has been on a monster move since breaking out of the wedge and retesting it again from above at $1.61, so nearly a 100% gain here in 6 weeks.

I don't believe this has lost its shape yet, in spite of this strong move because it is in Wave 3 and this is where we see most of the aggressive m...

$ETSY

Looking like it wants to get in on the action now, in a triangle right now and not out of the woods yet but buyers are certainly believing that there is value here and have been adding.

The price action bounced just above the previous low at $81, so this can be considered a double bottom for now.

So a breakout of ...

$ZM - WATCHLIST -

I uploaded $ZM yesterday and said to watch for the breakout of the wedge here. We have got the wedge breakout here and more importantly, we have got the retest of the wedge from above and it has held and bounced.

So the plan here is still the same, above $72, which is the previous high, if it can go above $72, we are in...

$NIO TOP 20 UPDATE

Ok big day for $NIO and we were really focusing on the price action at the opening, it was up in the PM but we wanted to see it go red to pull back and test the $10.74 blue line and see if it could find support.

That is what happened, it jumped at the opening and then pulled back after 20mins, it tested $10.74 from abov...

Buy Alert

$NIO perfectly happy to see this come down to buy more but also happy to add to my holdings with an average now at $9.

No stop loss set. 

$PLUG - RC -

Yet another little chestnut waiting to take off.

I do not have an impulse wave on this chart because I still need to see more but the upside targets are still here if we do break out as guidance.

The 200 Day MA is just above and in the way of the wedge test, both of these resistance lines will be important to brea...

$IQ

Lets not forget about last weeks COTW, this has held the 0.618 FIB for Wave 2 and bounced and holding above the 200 Day MA here now. 

Watch for a break above $5.70, which was the previous high and this is a bullish indication.

Still very early here.

$ARKK

We may not agree with Cathies methodology and we certainly would not like to be bag holding $ARKK if we bought when the price was at $160 but we can certainly take advantage of the price where it is at now.

The chart can not lie.

$BABA

The PM price is right at the previous high at $94 on the back of low inflation numbers, Yellens positive visit to China and the Chinese policy makers taking charge to stimulate their economy by incentivising large companies. 

I have also added the $KWEB chart today and we can see just how perfect it has been in ter...

$DNA

$DNA may have caught me out there, the white circle on the 1hr chart is perfectly valid as a Wave 4 and similar in length to the green Wave 2 on the chart but it is possible that this was still Wave 3, as the price action over the last few sessions has been strong.....the 200 Day MA was also acting as a perfect resistance lev...

$GPS

Ding Ding, we have another break out, a lot of members will know that we have been waiting for this to show signs of reversing and we can finally see a break out of this wedge, that has been developing since October last year.

Held at the 0.5 Fib and at the 50 Day MA and now broke out, the 200 Day MA is just above at $1...

$KWEB

Back to back 0.618 Fib holds is a marvel to look at here.

So the primary Wave 2, held at the 0.618 Fib on the 1st of June and bounced.

And so far the Subwave 2 has held the 0.618 Fib this week and bounced.

The price action is also now above the 50 and 200 Day MA.

This is an incredibly good looking char...

$SE - IMPORTANT NOTE

$SE is starting to find its feet and recovered 10% now since its low.

We saw this behaviour with $BABA when it went lower than what we expected and we made the decision to stick with it regardless of what happens....knowing that even if it went as low as the buy zone, it was offering incredible value and we were happy w...