The Long Investor

$F TOP 20

5 support tests on the bottom wedge line, positive catalyst partnership announced between $F with $TSLA and this hit the upside button. Broke through the 50 and 200 Day MA and out of the wedge, likely in Wave 3 now.

I have wave 4 pulling back above the wedge trend line but this could likely come down to the wedge trend ...

$COST TOP 20

Very straightforward here, the Bulls have it now and in control, I expect this to continue its momentum to the upside here. On the chart we can see one red bar on the daily, this may be considered as a retest of the top of the wedge....it also may retest again.

If this does retest again, this second confirmation will be...

$BTC

Chart continues to be textbook, in spite of the SEC crackdown over the last week, $BTC needs to keep this resilience, showing that it can keep its structure regardless of what the SEC or any other states do to control the crypto platforms.

The 200 Day MA is at the 0.5 Fib so this is what we are looking at next. It is ho...

$AMD TOP 20

I am watching this bounce to see if the impulse wave is complete or if we are in subwave 2 of Wave A now. I'll continue with the chart as shown, so far I am seeing 3 subwaves, so this is in line with what we expect if this is subwave 2.

I will continue to monitor this closely, I have liked this structure for a long time...

$AAPL TOP 20

$AAPL like the $SPY is at a very important junction here, $AAPL hit its All Time High line this week, peaked above the line and rejected immediately and finished the week below the ATH line.

$SPY is at a similar crossroad, hitting it's all time 0.618 Fib Golden ratio level and has rejected...for now. For both set up's, ...

$COIN

Relief bounce yesterday followed by a difficult day today, as trouble continues with Binance and $COIN, we spoke before that we expect further issues to develop.

On the chart, price rejected at the 50 and 200 Day MA on the 1hr chart today....the 50 Day MA looks to be crossing down through the 200 Day MA next, which is ...

$ABNB TOP 20

Yesterday I spoke about $ABNB pulling back and found support on top of the bull flag, at the 200 and 50 Day MA, we said how we like to see this and it is usually a bullish sign.....today we got that nice bounce from it.

$ABNB is textbook now and I want to see this continue.

I can see 5 Subwaves up now since hittin...

$DAL

Just slightly sticking its head above the trend line now, what we are looking for is a break out and rested, like we saw when this broke out of the small bull flag before taking off.

It has gone quite vertical leading up to this wedge line, so we won't be surprised if it does not break out on its first attempt, perfectl...

$PYPL

Last update I spoke about $PYPL needing a pull back and it will show us whether the bottom is potentially in and if it is starting to form an impulse wave, so far so good, it is pulling back after stopping just before the 200 Day MA on the 1 hr chart and we are watching for the 0.618 Fib to complete it's pull back.

Supp...

$NIO TOP 20 UPDATE

We knew today would be eventful and it certainly delivered.

-4% in the PM and +10% after the opening and now flat for the day so far.

I struggled to get any Wifi coverage today but with every stock, we don't chase and if a stock jumps +10%, we look for a pull back for support, to see where it holds before enteri...

$GEHC - RC -

This company only IPO'd at the end of 2022 so it is difficult to make a complete chart as I effectively only have 1 wave complete so far....that being said, the pull back so far has been exactly to the 0.38 Fib, so I can decipher an ABC count from this, if this pull back completes as shown....the Wave 3 target is valid.

$NIO TOP 20 UPDATE

Incredibly another flat day. Even with a lot of action in the PM, a lot of people must be waiting for tomorrow's report to make their decision.....and I don't blame them because that it what the majority of us are doing, we are waiting for this to dump, buy and wait for the reversal.....it almost seems to easy now.

So l...

$SOFI

What's it going to be guys/gals? is it going to hit the previous high blue line or the higher one, which is the original blue line and reject?....if it doesn't reject, the bulls have it and it could follow Wave 1 all the way to $12.

The move from $4.45 has been parabolic.....there's no denying it. 

$ABNB TOP 20 UPDATE

$ABNB with the second retest of the top of the bull flag and bounced, this time aided by the 50 and 200 Day MA and we can see on the 1HR chart that the 50 Day MA has crossed over the 200 Day, which is usually a bullish move.

So far I like what I see, $ABNB can take as much time as it likes to retest support lines, this ...

$TSLA TOP 20 UPDATE

Not a lot of people are convinced of $TSLA's run so far, it's hard to fault how well structured it has been since bouncing at the our Wave 2 point, after it completed it's WXY count for Wave 2.

So I have added a point of interest on this chart, the length of Wave 1 has been added to the start of Wave 2, this brings it u...

$PFE

Ok $PFE, its time to do this again and do this right. $PFE had a moment there in May where it dropped down below its trend line, mainly down to raising debt to fund their Seagen deal....since then, it has received a wave of positive news from successful Phase 3 trials and vaccine approvals and has since performed very well. 2023-06-08 18:44:00 +0000 UTC View Post

$NET - RC -

Wave 1 is not complete yet so this is just a provisional count, when Wave 1 completes, I will adjust but I believe this count will be very close.

The 5 waves down will become invalidated if the price action can go above the top blue line and into the bull case....for some unknown reason to the market.

For now, the...

$BABA

All eyes are still on the wedge trend line, where we have the:

50 Day MA,

200 Day MA,

our blue support/resistance line, and

the wedge trend line.

Needless to say, this is a very important area to break above and hold, it has not got above this trend line since the start of 2023. $88.90 is the im...

$AMZN TOP 20 UPDATE

Nice pull back yesterday to the 1 Fib at $120.50 and bounced exactly on it, this is a good sign that $AMZN is being controlled by Fib levels for now.

Next big test is at $129 at the 1.27 Fib, which is the level we have been waiting for for a number of weeks now, we want to see this go above, so we can eliminate the corr...

$DAL

Very happy with how $DAL has been performing, as many know, I have added here between $32-$33, in my last update I said that I was happy to see this hold support above the bull flag and it has bounced very well since.

Big test next coming up will be this large wedge trend line, this has been a resistance line since 2021...

$SE

We have got the bounce we wanted and up to the 200 Day MA now, a flip here to support on the 200 Day MA and this is a buy for me.

I know a few of our members have added here already and I do not blame them for doing so, this has done everything we have asked for it for a number of months now.

Can not ask for a bet...

$NIO TOP 20 UPDATE

Possibility 1 from yesterday's chart update has played out today so far, it really struggled to get above the $7.92 0.5FIB which was also the 200 Day MA and the only time it did get above, it stopped short of the previous high and the highest it could manage was $7.97 momentarily before rejecting.... the day ended down but no...

$PLTR TOP 20

A well documented rejection today at Wave 1, a lot of money flowing out of Semi, Ai and Mega Cap's today and into small cap stocks, one day is not a trend so we will see how this develops tomorrow.

Regarding $PLTR, we want to see a pull back for Wave 2 next, Wave 2 generally pulls back to the 0.618 Fib, we know that it ...

$META

$META keeps pushing upwards, in a very clear corrective manner, even the decline down to $87 had more structured waves. But this corrective move is often seen in Wave B. The only logical response to consider here and explain why this continues to extend is that it wants to gap fill, as Slim has rightly pointed out and I have ...

$SQ

Nice movement here from $SQ, textbook impulse wave so far, watching for the 1.618 Fib now to complete Subwave 3....ultimately I believe this will continue to move up to complete the right side of the right inverse head and shoulders pattern at $90

$SPY TOP 20 UPDATE

Mid week update and this is still following our chart from the weekend update, moving up to the top of the trend line here, there has been very little getting in it's way here too.

Big tests next will be breaking above the red line which was the previous high and above that will be the yellow trend line, where I have se...

$TLT - RC -

Very little to report here, still sideways moving but trending downwards there and being kept below the 50 and 200 Day MA's here, watch for the trend line test at the previous low, it needs to hold this level to keep the impulse wave alive....otherwise Wave B in red will be the next target.

$RIOT - RC -

$RIOT is still holding onto this impulse wave fine but we can not ignore the elephant in the room that potentially crypto stocks will be under some pressure now while the SEC is clearly on the offensive towards crypto platforms this week. So I have added in this corrective Wave, as long as there is only 3 waves so far from $3...

$PTON

Continues to perform well here after hitting our Wave 5 target and potentially starting its impulse wave now, 50 Day MA is just above next. I think waiting for Wave 2 here would be the ideal position to buy, with Wave 2, we want to see it hold above the previous low, when Wave 1 completes, I will and in Fib levels to find the...

$PLUG - RC -

Watching for the break above the 50 Day MA here too and holding, this would be a positive move and should continue to the upside and the test the 200 Day MA next, a break out of this very long wedge will be bullish and the targets above are as shown.