The Long Investor

$RH - RC -

Things are not looking good for $RH, after a large decline, earnings reported yesterday and it was their first miss since 2017, not a good time for a miss. I think this tests the previous low to complete Wave C

$ARKK - BEFORE AND AFTER

Stunning.

$META

Very nice second test of the support line again and bounced, this has continued to follow our plans and I know some people added smart here at $170, so well done for trusting the chart.

$SOFI - RC -

Attempting to hold the 0.618 Fib now, after finding support at the 0.78 Fib, $SOFI has just been in the wrong place at the wrong time lately, with the issues associated with the financial sector. 200 Day MA is next to test, if it can flip this to support, Wave 3 is a possibility. 

$RIVN - RC -

Incredibly this has come right down to our target price, held and so far bouncing. A lot of work to do still but it has followed our trajectory perfect!

$CLSK - RC -

Nice counts here, looking like subwave 2 of Wave 3 is underway, looking to hold above the previous low now and Wave 3 looks good next.

$DRV

Charts will always amaze me!!

After this monster move up, in the last upload, I said that it would need to pull back in order to go higher and it happened just at where we set Wave A.

Let's see how steep the pull back is, a deep pull back and this would be a nice one to add before it moves to Wave C.

$ENVX - RC -

Straight to Wave 1 and stopped at the 200 Day MA, nice structured pull back and this should continue with the impulse wave, very happy with how this has developed. Zero changes to this chart uploaded 8 weeks ago.

$GM - BUY ZONE ADDED -

This is an alternative to $F in our Top 20 list. Both companies price action is behaving in the same way, a drop down from the bear flag here and this should enter our buy zone then below $30, strong fundamentals like $F too.

$HPE

Wow just found the $HPE chart that I uploaded on the 4th of Dec (attached) it has followed the chart perfectly, price and dates exactly. And now, held the 0.618 Fib and bouncing...this is one to watch.

$MELI - RC -

No changes at all to this chart 7 weeks later, in the bull case now and holding support levels. I like the counts here.

$RLX

I have been watching this set up behind the scenes for awhile now, in a bull flag now, just flirting with breaking out, when it does and it holds above, I believe this will have no issue going up to the Wave C level, fundamentals look good. 

BUY ALERT

From my $PFE post today, I have added again to $PFE. Stop loss is still at $38.

$LYFT

I am keeping an eye on this, had a bad day yesterday after the CEO announced that $LYFT is not for sale, pull back has just held the 0.65 Fib level now so lets see what it can do with this. 

$DNA - RC -

New low yesterday, it still itches slowly down and it has been very slow...RSI is in the low 30's on the daily now....is this a ticking time bomb ready to go off?

$BAXUSD - RC -

Very parabolic move here, it can reject here at the blue line and come back down and complete Wave X or it can complete Wave 4 now and move up for Wave 5 next. Top blue line is the bull case flip.

$ULTA - RC -

Good earnings and good fundamentals, still has a bit more to run but ultimately this needs a healthy pull back before it can go a lot higher, its possible that $580+ is likely next but I am not sure I would hold for longer than that.

$MULN

$MULN hit exactly at the $0.08c support line yesterday and held...for now...I think I need to be clear here, even though I have a support line and a bounce expected, that does not mean I think this is a buy or a company I like. It is not a company I like, I warned for months that their issue of having no cash was a massive problem and I am not surprised to be see this on its knees now. 

People were aimlessly buying in here as a gamble and we know, I never like to see this.

$SCHW

No changes to this chart since I last uploaded it but there appears to be a lot of chatter here towards $SCHW about what would happen if it is exposed to a bank run, it holds trillions in assets so it is not a small bank. I think there is still further for this to decline. 

$NVDA

What more can I say about this chart, the impulse wave count came through and just nailed itself to the trajectory, in spite of a lot of tests and challenges along the way, in what must have been the most turbulent conditions since Covid began.

The 1.618 Fib at $268 has been acting as a resistance line, buyers are still buying a little bit but it does not appear to have the same momentum as before, which is typical for the start of Wave 4, another retest today of $268 and I'd like to se...

$KO TOP 20 UPDATE

Textbook. Broke above $61 and looking like its full of strength. Next test at $65 next I believe, a very solid, slow mover that pays a dividend, there is a reason why this is one of Buffets favourite companies.

$PFE UPDATE

This has been slow but what can we see here, holding at the 0.65 Fib level for a structured SubWave 2 pull back. RSI has just gone above 30 on the daily, MACD is showing a positive move and SubWave 3 is next.....looking very similar to where $BABA was before it took off.

If I am happy that this 0.65 Fib line holds comfortably, I will added again here. 

$TSLA TOP 20 UPDATE

In $TSLA's last chart update, I spoke about this bear flag and that if it breaks down, the structure could be an ABC count, it has broke down now and not looking too good, PM is showing some positive signs but that brings it back up to the 50 and 200 Day MA and outside of the bear flag for a retest....if this rejects here again, it will drop hard I believe. 

If it can recapture the bear flag again, then the waves within the bear flag continues, until a direction is decided but for ...

$BABA UPDATE

Obviously yesterday was a fantastic day for $BABA as we have shown just how powerful EWT and Fib levels combined can really help us find entry points and capitalise on it. 

Firstly, the Subwave 2 in green was shallow but still valid as it has 3 waves and touched the 0.38 Fib, the news dropped about $BABA splitting into 6 parts and this was perfect then for Subwave 3 and amazingly, it ran all the way to our Subwave 3 target and stopped.

RSI on the 1 HR is at 88 now, so this wi...

$NIO TOP 20 UPDATE

1 HR and the Daily chart here. Yesterday I spoke in the Telegram group that I'd like to see this held at $9.21 which is at the 0.786 Fib and it finished the day at $9.20, it is behaving well in the PM so far but as we know, the PM is a reference and we need to wait for the market to open. So it is just at 200 Day MA on the 1hr, it is looking like it could be in a position to make a move if it can but the big test is at $9.53, it could move up today to test that resistance line again, a break ...

$SINCH - RC -

Struggling to hold the 0.65 Fib level now, next support level is at $22.03. If it can not hold this level or above, we will see a test of the previous low again as shown.

$UBER - RC -

Continues to struggle here, below the blue line after getting rejected at Wave C, watching for 5 waves down now, I think if we can get this to move down further, I will be adding a buy zone because I think their MOAT is extremely good, especially considering how it will be integrated into autonomous taxiing in the future.

200 Day MA below is what I am watching now.

$FSLY - RC -

Nice move from $FSLY, broke out of the bull flag and held support, on track for our second target level now, no changes to this chart!

$ONON - RC -

$ONON has gone parabolic after a positive earnings but it has left a large gap behind and has gone vertical, we have seen far too many times that this is not healthy, it will need to pull back and stay structured, an ABC count now in amber to pull back to between the 0.5 Fib and 0.618 Fib and gap fill will be a good move now for $ONON

Private Telegram Group Chat.

Telegram upgraded our group to a super group yesterday but in the transition, it dropped out a number of people, I think around 20 people were affected.

So please join again if you were one of those.

Link:

https://t.me/+uynLqtkTVsc5NzBk