The Long Investor

$META

A reminder that META is behind the rest of the mega cap stocks, as it is only in the middle of Primary Wave B now...bullish set up here too (in the short term)

Trending up, into a wedge, slight breakout now, and USUALLY the trend continues the same way direction as it did before it enters the wedge.

$QQQ

Similar picture to $SPY.

$CRM

$AAPL, $AMZN, $GOOG AND $ABNB and here, all looking very similar

$EL

Above $260 and the bull case could be confirmed.

$ASML

Really strict formation here inside an ascending wedge.

$OXY

Buffet doesn't miss.

$TCDA

$NIO TOP 20

I believe we are in the bear case and following the red trajectory down. I have counted an ABC in amber, in the unlikely event that NIO gets back into the channel...again, I'd love to be wrong here.

$FSLY

It has bounced where we expected it to but will need more strength for confirmation

$ROKU

A stock i've been vocal about for a long time, at $92 I warned to stay clear of this and it has done exactly what I have expected, looks like subwave W - 4 of 5 is underway now.

$SPY TOP 20

We love straight forward clean counts and this W - 2 is textbook.

It may run further to our point but I would not be chasing anything. The start of 2023 is not looking pretty.

$RIOT

$HON

Wave C may have started and it may follow the same trajectory as Wave A.

$TSLA TOP 20

PM has come right up to our subwave 4 of 3 target, it may extend further today, our counts are always to the likely spots of a reversal, other people put ranges for their targets but I feel this gives a better aim for people.

Our macro target has not changed, $83 target.

My Priority

As this group continues to grow, there needs to be a structure so that all members can be reassured that the service they expect from this group is achieved. Giving the most value for all members is the main aim of this group for me. I want the charts uploaded here to benefit everyone.

I upload a minimum of 15 charts a day, occasionally I will go above this limit each day, depending on how much extra time I have.

So I will start prioritising chart requests depending on their val...

$VLD

$MSFT TOP 20

It appears to be lagging behind other mega cap stocks but still forming the same structure.

As always, we will update this every week and monitor its trajectory. 

$XPEV

I believe $XPEV was in a position that it had turned a corner and the bottom may have been in but the EV market had different plans....now it's likely that $XPEV will suffer the same direction as $NIO

$MULN

As I have always said, squeezes are not something we should look for, traders get in fast and drop it even faster.

Coupled with the pressure on all EV's, Muln needs to hold previous support!

$FSR

$FSR is in the bear case for me now. It has been in this descending wedge since the 15th of Sept....timing of the start of production in the middle of November, could not have happened at a worse time for them.

I have a position in $FSR but it is a very long term hold for me, I bought and held for years now and have effectively left it alone.

If $5 hits and we stay in the wedge, I will add to my position.

$DKNG

Really needs to start finding support soon, it has not been doing well now since August, I am not familiar with what is happening with the gambling regulations but I suspect something has not gone in their favour.

Needs to hold $10 or $4 below is possible.

$O

This does not bode well for the housing industry for the next while.

$NVAX

A number of people have requested this today, looks like all indications are pointing towards $4.68 around the 3rd week of Jan to bottom, this may be a good price to watch for a reversal then.

$OPEN

Getting very close to the end of this wedge, make or break time.

$TSLA TOP 20

Slight update, since we are seeing a bounce now, I believe we are entering wave 4 of 3 (iv in blue) . The Macro target of $83 remains

$UL

I believe Unilevers corrective move is now complete, so we either see some consolidation now below the yellow channel and above the blue line or we are in W - 1 now of its next impulse (upward trend) wave, Wave 2 pull back is needed here regardless.

$WMT

Very nice run for a number of years but appears to be pulling back to complete it's corrective wave of ABC, lower lows and lower highs are a trademark of this move.

$INTC TOP 20

Insiders continue to buy more $INTC and have drastically increased their buying over the last 3 months.

It is definitely possible that this dips below $24.20 and goes as low as $20.44 as the market continues to apply pressure to every stock, that being said, it's fundamentals, it's assets, dividend and product makes this a very good buy around $21 to me....I will be watching this closely.

$OCGN

Broke down from the channel and confirmed the bear case. I would need to see this back in the channel before any changes.

$LKNCY

One of the Chinese companies that has benefited heavily from the US auditors granted access to Chinese stocks, broke out of the channel and turning bullish.

Targets are as shown.