The Long Investor

$BKNG

$BKNG is also looking very bullish and has moved a lot sooner than $WYNN but $BKNG is the leader in the sector.

We have been watching this all year and no changes to this chart, in the last u...

$WYNN - WATCHLIST -

$WYNN has been labeled by some Wall Street analysts as their Top pick for 2024.....and looking at the chart, I can see why.

Price battled to stay above the wedge trend line for the length of ...

$PSA - WATCHLIST - SAFE HAVEN -

A reminder of this chart, I spoke about this chart a few months ago to say I was very bullish on Public Storage, due to their fantastic fundamentals and we can see that it held the 0.618 Fib level ...

$DNA

Very nice day for $DNA yesterday, it broke above the 200 Day MA and once this was triggered, it took off and finished the day up 13% to an EOD high.

I believe this is only Subwave 1 of Wave 3...

$OXY

Nice bounce on the bear case line, having momentarily dipped below it and then it was announced that Buffett bought this dip and the share price jumped 10% from $55 to $60.

The 200 Day MA is ...

$U - RC -

A number of requests for $U today, likely because it has run so aggressively too, that is ok and does not mean that the chart has changed either.

The price action has burst through the 200 Da...

$MGM - WATCHLIST -

A gentle reminder about this chart too.

I have gone on and on about this chart in the group with little reaction from members and I am not sure why.

I said that I was bullish on $MGM on...

$AI - WATCHLIST -

We have another stock here that is looking primed to move to the upside.

Wave 1 was not pretty, I need to start with that but they never are and waves can overlap here normally but Wave 2 is ...

$BAC

$BAC has probably been one of my favourite charts of the year, just because of all the turmoil surrounding the financial sector: regional banks collapsing, high inflation, high yields, inflation co...

$FSR

Made another attempt at breaking back into the wedge today at the opening but could not make a meaningful break out and could not get above $1.70, so it rejected and pulled back to the 50 Day MA ag...

$LI - WATCHLIST -

$LI is at a strong confluence level now, the price is just at the 200 Day MA and the 0.78 Fib level at $35.

The 50 and 200 Day MA are also getting very tight here too....implying that a stron...

$ENPH - RC -

A lot of chat about $ENPH lately and we should not be surprised, it is doing what we expected.

The 200 Day MA is what we are watching for next at $148.

But we will not be surprised to s...

$ONON

$ONON has been a big earner for many and has been tracking brilliantly for us.

Up 25% now since its low in Mid November and continues to push higher towards our Wave 3 target at the 1.618 Fib...

$BABA TOP 20

$BABA is making a nice move today, pushing towards its previous high level at $75.55, a break above this level and we are into our 5th wave since the potential bottom at $70, this is what we want t...

$PYPL TOP 20

$PYPL has bounced well today, it did not quite make it down to the 0.38 Fib level at $60.10 but the previous high level was at $60.44 and the price made it down to $60.80, so it certainly found an ...

$NIO TOP 20

Let there be no doubt again about the success of Elliott Wave Theory.

$NIO holding the $7 line by 2 cents and not invalidating the impulse wave was remarkable and whats even more remarkable n...

$SQ

$SQ is just approaching its channel trend line now at $77.20, we are expecting some resistance at this level since running so strong from $38.

It remains to be seen how much this will pull ba...

$ORCL - RC -

$ORCL has pulled back since June, unlike the other Large - Mega Tech stocks, even though their earnings have been a beat but they not performing particularly exciting numbers.

That being said...

$RKLB - RC - WATCHLIST -

Very similar set up here for $RKLB as it was with $RIVN before it broke out and bounced hard.

The price has held the 0.887 Fib at $4 since Sept and is starting to show movement of breaking ou...

$GRBK - RC -

Tricky count here because I can not rule out both the impulse and corrective wave counts here.

The top blue line stopped exactly at the 1.618 Fib which is normally the Wave 3 target, which me...

$MARA - RC -

A lot of request for $MARA over the last 48 hrs and I suspect it is due to how aggressive it has moved and how short the Subwave 4 has been.

Subwave 5 at the 3.618 Fib looks to be the target ...

$IBM - RC -

$IBM is having a good year and has broke out into the Bull Case over the last few weeks.

The 0.618 Fib was a formidable support line from 2016 to 2023, with only one drop down to the 0.78 Fib...

$BMBL - WATCHLIST -

$BMBL is also at an important junction now.

It has broken out of its very long wedge after posting a positive earnings report, with their EPS beating by 64%.

The price is still below ou...

$EWZ - SAFE HAVEN - WATCHLIST -

We highlighted this chart a couple of weeks ago to bring your attention to a potential Safe Haven for next year, it is an ETF on the Brazilian market.

I highlighted that it was about to test ...

$RIVN

What a move this has been and what a chart.

Very happy with this and we absolutely nailed it.

We said the 50 and 200 Day MA were extremely close so a strong move was coming, especially ...

$JPM

$JPM has made a 52 Week high this week and is looking very well here following our Impulse Wave, $172 is the previous high from 2021 and above this level the Bull Case is confirmed and our Wave 3 T...

$COIN

$COIN has been holding up quite well considering many cryptos have pulled back for a breather over the last week.

The price action has been able to hold above the ascending triangle top level...

$BIDU

$BIDU has been moving better than most Chinese tech stocks over the last year, the price has held the 0.618 Fib very well and bounced in November, we are seeing a subwave pull back now, price needs...

$CVS

Wedge breakout here so we have added in the First and Second Targets, the length of the breakout is usually the length of the largest width of the wedge, that is how we set the targets.

So fa...

$AMZN TOP 20

$AMZN moving as though it is not just adding $10's of Billions onto its market cap each day.

We are not surprised by this, they have been flooding the market with positive catalysts and even ...