The Long Investor

$ARKK

Since Sept I had called for $ARKK to go as low as $30 and it dipped slightly below to $29.44 and has bounced since.

So far it is following our chart.

$WISH

Finished just below our bull line resistance flip level. I see 4 waves in this move so it's possible there is still another move up before a pull back.

Both scenarios are still on the table, bullish and it continues on Wave 1, rejection and it could come down to a new low. 

$SPCE

Rejected at the previous high resistance but fighting to stay above the channel.

Monday's price action should give this more clarity as there is very little room to manoeuvre now.

$NFLX

Mixed day for $NFLX, earnings, added users, costs sky rocketed and the CEO stepped down. A lot for the market to digest. I believe the market will assess this and not be bullish.

To bottom at $170+ and continue it's bounce to $342 without any ABC count pull back, means this is due a pull back, I am not convinced by todays actions that this is bullish.

I do not believe anyone should chase here. 

$RIVN

The 1.618 fib is showing support at $14.81, I do not believe that the lows are in yet. Structure is not showing signs of strength either. Not a buy yet.

$TSLA TOP 20 UPDATE

Similar to NIO, we are watching for fib levels now and not to break above the previous high. 

$NIO TOP 20 UPDATE

We posted earlier of the fib levels to watch, .618 Fib at $11.35 is significant and the high of the day stopped at $11.34. This is no coincidental.

Can $NIO attempt to go above this again? of course and it may, but as long as we do not go above the previous high, the count is valid. 

$NIO TOP 20

All Top 20 charts will be updating over the weekend but let’s look at this for now.

Wave 3 has 5 waves, Subwave 1 may be in now and Subwave 2 normally bounces very well, resistance lines are as shown, can go all the way to .88 and still be valid

$PYPL

A shallower Wave 5 I expect now as Wave 4 confirmed the ending triangle formation. $62 - $65, if you've been waiting to add here, is a good area to start a position. (NFA - not financial advice)

$RLX

Watch for a break above $3.05 here....this has bullish indicators everywhere in the short term till the end of March.

$COIN

This Wave 4 bounced hard but it is proportional to how much Wave 3 dropped, both are still valid, Wave 4 did not go above the blue line we highlighted on a previous chart and has rejected. Our Target of $25 is still possible.

$DNA

Another Wave 4 top out and rejection. We have got to expect that $1 is a possibility here.

This may be worth doing a deep fundamental analysis on.

$MULN

Two good lessons here, we don't like parabolic moves with no pull backs and we don't like when Wave C ends high, it means we can expect 5 waves down next. 

$LCID

Nice rejection at W-4 for $LCID, following Tesla closely, buy zone remains between $4-$5

$NVAX

One more leg down it appears to complete 5 waves of wave 5.

$SQ

Tested the previous high and got rejected, it may try again to flip this resistance but another failure and the path down to $51 is clear on the chart.

$FSR

This is the bullish view for FSR which is difficult to be optimistic about as everything else is pulling back but nevertheless, it has broken out of this wedge and now testing it again to see if there is support, a flip and it's bullish, if it doesn't hold then it's back into the tight wedge. Needs to hold $6.41 then.

$SPY TOP 20

So far a rejection at the upper amber line, lower than I expected but the structure looked extended.

What is next is where or IF it holds the support lines on the green line.

It is very important that you understand this chart, if the white support lines do not hold for Wave 2 (green), then this will continue down the red line to our buy zone.

$NIO TOP 20

So far our plan has been going very well. We waited to see if it could get back into the channel, it rejected, so we didn't buy or buy back in.

This has been a real test for a lot of people because many were torn between wanting to buy a stock they like and also trusting the chart, I understand the torment involved, I too am not immune from this but we just follow the charts and I would be delighted to buy back in again if this goes to new lows.
$9.50 is the critical point, below th...

$SHOP

I like that it hit the top of the yellow channel and bounced but approaching a critical point now, a break above the previous high and the bull case is in, a rejection at Wave 2 in red and we could go down.

$PUBM

Looking like a textbook ABC wave here. We do not want it to reject the middle blue line now which is a previous bottom, if it does then it is possible that the bear case is in play then.

$DDOG

I have just added a second Wave C line, as it has held above a support line (so far and bounced) a dip below this blue line again and we are down to the bottom blue line to complete the lower Wave B and then Wave C.

$BABA

No changes but a few people have asked for this and it is a favourite of mine too. It will possibly come down to retest the first target level next, before continuing up to the second target.

$ASML

Slight break out of this ascending wedge (bearish) but I believe it is part of an overall ABC count, so if it can go above to the important Fib levels I have market at 0.65, then I believe this is bullish, if not then it will continue to C

$MSTR

A clear break out above the channel now, retest next and it is important, will it turn bullish and will bitcoin help this? if it does then the targets are above, if not then it will come down to the blue line. 

$NVDA

A break above $187, the previous high and the bulls are in control, we’ve maintained that the semis are in a world of their own and will go against the current market, after being heavily influenced by political policies last year.

However, a rejection soon and it could come down to complete Wave A.

$XOM

If it can go above the previous high then Wave 5 above $120 is possible. We should start seeing the tops come in for oil companies soon and then we expect the corrective waves next. 

$DRV

Following our projection, no changes to the trend and a lower low lately reinforces the projection.

$KO TOP 20

Nice move today, looking like it’s high speed to our buy zone.

As we watch the more popular names moving in the direction we want, let’s consider the other top 20 companies like $KO.

Very good opportunity in our zone.

The EV Poll

Assuming both buy zones hit at the same time, which company will you be buying first?