The Long Investor

$SBUX - RC -

In a worrying position here for a number of a reasons, first of all it is glued to our corrective wave C.

The price action broke down back into the wedge after its earnings report in May, it ...

$MP

More positive movements in the PM here, I can see the price action moving higher to our Wave 3 which will test the 200 Day MA at $27.50 over the next while.

What the price action does not wan...

$LCID - RC -

Managed to pull back to between the 0.236 and 0.38 Fib Level only and now showing its head just above the channel line now, if this can hold above this yellow line now at $7.50, it can be confirmed...

$ENVX

Simply beautiful this chart has been.

Since Wave 2 completed at the 0.65 Fib, this has done exactly what was expected from it, breaking above the 200 Day MA and then finding the support above...

$SOFI

I like what I see here from $SOFI, pulling back in a controlled manner, into a descending wedge, the 0.5 Fib at $7.33 would be the ideal place to hold and bounce from, right on the bottom yellow tr...

$DAL

$DALs earnings on Thursday before the market opens.

We can see that after the previous earnings report, this started an incredible run for $DAL, so I expect a positive report with a good guid...

$NIO TOP 20

We want to basically see this head and shoulders pattern play out, Wave 5 did not go all the way up to the yellow trend line, nor the previous high and $10.74, so the Fib levels are slightly lower ...

$BABA - COTW

A lot of eyes on $BABA so this is the chart of the week. +8% gain on Friday and more importantly a break above the blue line, I am looking to add here again and a retest of the blue line would be t...

$AMZN TOP 20

Moving sideways over the last 2 weeks but still maintaining the 1.27 Fib level, so likely in a channel here, I am not seeing much weakness however, I believe it will still move higher to complete W...

$SPY TOP 20

I have added in the ABC corrective wave after Wave 5 completes. A correction will need to come at some stage but at the moment, the market is being propped up by a number of strong players and they...

$PLTR TOP 20

Very little to update here either as this has been pulling back as expected and we can see that the RSI and MACD showed a strong trend reversal and we expected this at $17.15.

The plan remain...

$TSLA TOP 20

There is a lot of talk online about this top yellow trend line, many believe it will reject at this line and finally come down, after two very strong runs since the start of 2023.....credit needs t...

$MSFT TOP 20

$MSFT is still struggling to get above its All Time High Line and we can see that $MSFT has not quite pulled back as far as $GOOG has and it certainly lagging behind $AAPL now, so as long as it str...

$KO TOP 20

The WHO leaked report is still playing on the mind of investors here, earnings report is on the 26th of July and it can't come quick enough I think.

The price action is still under threat but...

$INTC TOP 20

Came down and tested the yellow line at $31.30 this week which was at the 50 Day MA exactly when this happened.....it always amazes me how these fixed resistance/support lines which have been on my...

$HD TOP 20

Showed some weakness towards the end of the week but still managed to finish the week holding support on the 200 Day MA.

I have set Wave 4 completing here. If the price action goes below $298...

$GOOG TOP 20

Remains the clearest Wave 4 pull back from all of the Mega Cap Stocks and still the most value in terms of PE and FW PE off this group too.

I have added here during this pull back and the 50 ...

$F TOP 20

Difficult to tell whether this has completed its Wave 5 yet....I suspect it hasn't as $TSLA still has a little more to climb before a massive test, which we will see shortly on its chart, so the ca...

$BTC TOP 20

Having a difficult time breaking above the yellow line again and a number of consecutive red days to follow which is what we expect as we still want this to pull back a little more to complete Subw...

$AMD TOP 20

Held the 50 Day MA on the daily and creeping up now to what we believe is Wave B and a further leg down next for Wave C to complete this larger Wave 2 before going up higher.

MACD is showing ...

$AAPL TOP 20

Very little in terms of updating this, I haven't had to touch this chart for weeks now, still in track to hit our Wave 3 target at the 1.618 Fib at $197.

We always set the Wave 3 target at th...

$BAC

Triangle formed here with the blue neck line continuing to offer resistance.

We know that with $F and $COST, their triangles broke to the upside but they did not have a strong resistance leve...

$JD

$JD is another company that could benefit from positive sentiment towards Chinese stocks and is closely linked to $BABA, although I much prefer the $BABA chart. That being said, higher low found he...

$AAP - RC -

A very difficult chart to look at if you are holder here, losing the Covid low from 2020 was not a good sight and rare to see.

It needs to hold the yellow historical support line which is at ...

$LSPD - TSX - RC

Breakout here from its wedge and so far retesting the wedge from above and held above the wedge so far, we can see that the 200 Day MA is just at the wedge line too which may offer further support....

$APPS - RC -

No changes to this chart that I uploaded in the middle of June, I still see this moving down this wedge. It first needs to get above the 50 Day MA, the blue resistance line and break out above the ...

$RIOT - RC -

$RIOT held the 1 Fib line, common for Wave 4 and just took off, likely in Subwave 3 of Wave 5 now. Corrective wave is now eliminated of course.

Overall a very structured impulse wave here and...

$RVNC - RC -

The last time I uploaded $RVNC was in April, I showed that this would hit the blue line and reject and I have attached the 2 charts above, the price hit the blue line and rejected very aggressively...

$SQ - RC -

I believe we are in Subwave 2 now of Wave 3, so far I can see two smallers waves with a lower high, which is what we would expect from Subwave 2, since we want to see 3 corrective waves. So I have ...

Reminder

Folks, I am getting a lot of messages and comments from members asking 

'When to buy?'

'When to sell?'

'Where should I set my stop loss?'

'Is this a good entry point?'<...