The Long Investor

$FSR

I am almost allowing myself to get excited here for $FSR, continues to behaves well above the blue line and the 200 Day MA here, we want to see this continue.

This is the daily chart but on the 1hr chart, we can see that there was a retest o...

$ZM

In my last update we said that $ZM will likely be using the confluence level of the 50 and 200 Day MA as a potential support line, since going below the yellow trend line....and we can see here that it has done that exactly so far.....and just lik...

$OXY

$OXY has been a strong performer for us and the chart has been speaking volumes, consistently showing bullish indications and that is why we have a lot of conviction in this stock.

The bounce off the 50 and 200 Day MA, followed by the bullis...

$SPY TOP 20

Very positive day, market is digesting the inflation numbers from yesterday and reacting well to the potential of a soft landing prospect.

What we want to see is a higher high now, so we need the price to go above $453.60 and that would mean...

$NIO TOP 20

Over 3 weeks of this sideways movement from $NIO, it hasn't changed off our projection in this Cup formation.

I think I have said everything I can about $NIO while it is still in this situation, I also said before that I have all the time in...

Opportunities this Week

$TSM - Needs to hold above the 50 Day MA at $97 = Good BUY.

$MGM - Holding at the 0.618 Fib at $36.12 = Good BUY.

$PLTR - Holding between the 0.5 - 0.618 Fib between $13 - $11.30 = Great BUY.

$F - Holding above the 50 Day MA at $...

$MGM - RC -

The MGM resorts were attacked this week in Las Vegas for a ransom of $40 million and has caused considerable upset to bookings and their website, the share price has come down 10% since the attacks.....the attackers could have done well to short t...

$DIS TOP 20

Managed to hold within the buy zone this week and has got itself right back into the very bottom of the wedge right now, there is still more work to do to hold on the outside of the wedge, which will mean holding above the top blue line too at $84...

$ABNB TOP 20

Finally we got to see the start of a pull back today and so far the price has only come back to the 50 Day MA on the 1hr chart and found support, let's see how tomorrow opens and hopefully we can see more movement back down to our White Fib levels...

$LUV

Because a new low was made today, even slightly, the count becomes invalid and Wave 2, where I had put it at the low in May can no longer be Wave 2.

So we are looking for potential support lines now and I have added the 0.887 Fib, which is t...

$AFRM

$AFRM has had a very positive reaction to a modest earnings beat and has jumped from $13 - $23 in 3 weeks with our Wave 3 target at $30 at the 1.618 Fib.

I have uploaded a number of finance related charts over the last few days and it has be...

$WYNN

I am observing this closely as the price has just stayed above the trend line and working its way strictly down this line for the entire year, appears to be waiting for the perfect move or catalyst to move higher and follow our chart.

Stayin...

$V

Getting very close to the previous high at $252 at the blue line and at $248 right now, $V has been using the 50 Day MA as a support level for the last few months and just continues to move higher.

This is a strong looking chart for $V and t...

$NFLX

Struggling today a bit and has been since hitting the 0.618 Fib at $494.

We are watching for the price to come to the bottom of the yellow trend line where the 200 Day MA is at right now, this will be an important level to watch, failure to ...

$JBLU - RC -

Is in a bad way right now, after losing a crucial support line on the blue line, it has been incredibly week and is deep into the channel now again, after breaking out of it in June.

The next support levels are not rosey either, First Target...

$SOFI

No changes to $SOFI here and it has held the blue line support level very well, after retesting it from above and is now above the 50 Day MA just slightly, still more work to do but being above the 50, the 200 Day and the blue line is a positive i...

$DNA

Getting very close to our target between $2-$1.90 which is the 0.5 Fib - 0.618 Fib range, we can also see that the 200 Day MA is here too.

So what we are looking for is a hold of support within this price range.

Wave B has been short s...

$F TOP 20

Another strong day for $F, on the 1hr chart the price has broken aggressively through the 50 and 200 Day MA after retesting the wedge trend line from above.

The 50 Day MA is the only MA in the way now on the daily chart at $13.10, getting ab...

$AMD TOP 20

$AMD is testing the 200 Day MA from below on the 1hr right now at $108.

On the daily chart we are watching the 50 Day MA at $110.60.

These are the two levels that need to be broken above, mainly the 50 Day MA at $110.60 on the daily as...

$SE TOP 20

The Green Fib levels are what we are watching now for potential support levels, $SE needs to make a higher low now to show signs of reversing and getting back above the blue line again at $40.61.

Failure to hold at these green Fib levels the...

$AMZN TOP 20

$AMZN has made a higher high today and this is no surprise since the price retested the 50 Day MA 5 times and each time it held comfortably, meaning every dip was bought up and when this happens, the only place to go is higher.

The overall p...

$PYPL TOP 20

Over the last few sessions $PYPL has been performing very well, we can see here today that that price came down to the 200 Day MA at the opening on the 1 hr chart and bounced. What we want to see next is a break above the previous high at $64.20 a...

$NIO TOP 20

So the EU this morning has announced that they are unhappy with the Chinese EV makers flooding the EU market and suggested that the Chinese markers are heavily subsidised by the Chinese government (which is of course is not true)and have mentioned...

$XPEV

$XPEV's chart is looking a lot better structurally than $NIO, as this has got its Wave B bounce on the 50 Day MA in the middle of August very well, whereas $NIO's potential Wave B has been quite small.

If $XPEV starts moving down now to comp...

$VIX

$VIX continues to show a controlled move through this channel in a downward trajectory, there is not inclination here that the market is about to start declining anything soon, as the $VIX is comfortably below the 50 and 200 Day MA and trending do...

$SPOT

I am not seeing this bounce from $130 as anything more than a Wave B bounce, as part of its corrective wave.

It is not showing any hallmarks of an impulse structure either, so I think we see a rejection before $173 and this starts moving dow...

$SHOP

Still very much in this Wave 5 structure and the price looks to be pulling back to the 50 Day MA next to test support before going higher to complete Wave 5.

The positives here is that the price is back in the upward yellow channel and comfo...

$JPM - RC -

$JPM is not looking as weak as the $BAC chart but the ABC count is still valid here.

The price is just holding above the ascending triangle formation so bulls are still fighting to keep this impulse structure alive.

The price is in bet...

$IBN - RC -

Very straight forward chart here and I really like how the Waves have been behaving.

We can see that Wave 3 hit the 1.618 Fib and has been met with some resistance which is the ideal spot for Wave 3 to end and Wave 4 is in next.

I beli...

$FOUR - RC -

$FOUR IPO'd in the middle of 2020 so we do not have a lot to work with in terms of chart history but as always with new IPO's, the chart is starting with an ABC correction.

Wave 4 is still valid here as it has not infringed on Wave 2 and we ...