The Long Investor

$SMCI - WATCHLIST -

$SMCI is giving me no concerns right now

Price is just sitting in between the 50 Day MA and the 0.618 Fib at $49.33

We have one buy in here and I want to add again but once the 0.618 Fib is converted to support.

All dips are being bought up here

We know the risks here, the...

$AMZN TOP 20

$AMZN is looking like it is ready to break out of this wedge now as it tests the upper limits

A break and hold above $189 is all we need to see and the next move up will be to $200 I believe

And we will see whether or not Bezos intends to sell at this level.

$LULU - WATCHLIST -

Very very nice retest of the 0.5 Fib level at $282 at the opening and now bouncing and already at $288.

A breakout and retest is always what we want to see and it gives you a buy signal too

So $LULU now holding above the $281 level gives this clearance to move higher and complete Wave...

SILVER - SAFE HAVEN -

Larger time frame chart without EWT here to see the big picture and see things from a different perspective

A break and hold above the at $32.95 and there is very little in the way of resistance here to move higher

Let's not expect this to go straight up to $49 immediately, I don't w...

$NIO TOP 20

Waking up to $NIO up +6.2% after testing and bouncing on the 0.65 Fib at $5.05 is great to see.

We uploaded 2 charts of $NIO yesterday and everything moved as planned and within 2 cents margin of error (I'll take that)

By all accounts, today will probably be a good day for $NIO but r...

$BABA TOP 20 - WATCHLIST -

We can see on the $BABA chart that the 0.38 Fib overshot slightly to $99.55 yesterday....as did $NIO on its 0.618 Fib

Those that set very tight stop losses are probably not happy this morning if they got triggered

I don't think anyone in this group was caught out doing this.

Lik...

$HIMS

$HIMS has experienced a small pull back over the last 2 days and I suspect $HIMS is in Subwave 4 of this movement up to the $25 level

Levels are not very clear here on where to add if you are not in this already, I need to see more price action and a movement in 3 waves pulling back to show...

HSI

It never feels textbook when we are in a pull back and waiting for support to come, because doubt creeps in, this is normal and this is your brain protecting you....but ultimately it is a call to action to make a decision: Stick with this or get out of your position.

Every person goes thro...

IS04 - SAFE HAVEN -

This is the ETF I own which is European equivalent of $TLT and my Bond Safe Haven.

This chart gives me no concerns:

-The impulse wave is clear

-The hold on the 200 Day MA is clear

-The hold on the 0.618 Fib is clear at 3.06 and again at 3.18 this week and bouncing.

P...

$RIVN

$RIVN is in an even worse situation compared to $LCID right now and it is drifting down further to its 0.887 Fib at $9.46, since it rejected trying to get above its 0.78 Fib at $10.52

In comparison, $NIO is just at or below its 0.618 Fib.

$RIVN I believe is in a much better position c...

$LCID

Tough day for EV's all round but $LCID is likely the culprit which added the most fuel on the fire

$LCID price was in the last day of this very tight wedge so the price action needed to take a direction today and $LCID announce a public offering to raise $1.7 Billion and the share price too...

$NIO TOP 20

$NIO was battling all day at the 0.618 Fib but in the last hour it was moved down below the 50 and 200 Day MA and the 0.618 Fib

The 0.65 Fib is at $5.05 which has not been tested but if this level is lost then the next Fib to test will be the 0.78 Fib at $4.50

The brief remains the sa...

$BOTZ - ETF - WATCHLIST 0

Robotics and AI ETF continues to move here in this Wave 3 impulse wave and we can see that there is a bullish flag forming , just shy of an ascending triangle formation too, which is also bullish.

A break and hold above this triangle at $32.70 and there is a move up to the previous high at ...

$SOFI

Moving very well here, clear rejection at the 1.618 Fib for Wave 3 and pulling back now

The US 10YR has still not tested its 200 Day MA above, so if that continues to move higher then I believe this will help $SOFI pull back further to complete its Wave 4 as shown.

No changes here sin...

$CELH

Could not break above the $35 level and has rejected now and so we are watching for a hold at a higher low now

A very clear inverse head and shoulders pattern is forming here now too and aligning with the 0.5-0.618 Fib levels too.

A hold within $32-$31 would allow this to go back up a...

$DG - RC -

No changes.

$AMAT - RC -

No changes to the chart.

Wave 5 is complete for me and this is now in its ABC correction and looking to show Wave B complete shortly and a further pull back to the Wave C target at the 0.5 Fib at $134 or below

The 200 Day MA is moving up too and may offer support if the 0.5 Fib is not...

$DDOG - RC -

Looking very much like the $BTC bull channel but this has been longer and has been in place since Dec '23

A test of the top line happened this week and so far there has been a rejection, so it is likely that a retest of the 200 Day MA is next and the blue line together at $120 is needed

HSI

We are inching closer to the test of the 0.5 Fib now to show if this is a support level, the bleeding has certainly slowed down and the RSI is starting to show some sideways movement now too

We don't need to see a V shaped recovery the moment the 0.5 Fib is tested, all we want to see is a t...

$NVDA

$NVDA has already made a higher high now in spite of falling from $140 to $128 this week

Like I said in the last upload, I see very little in the way of $NVDA getting back to its ATH level again and I would be surprised if there is not going to be a break higher, with the First Target at $1...

$SMCI

My Buy Alert went out yesterday when I saw the price breaking above the $49 level and holding above the 50 Day MA, support is not fully confirmed yet so only 1 Buy has gone in already

I will look to add again once we see that the 0.618 Fib is confirmed to be a support level, so if you misse...

$TSM

Reported earnings today and it was a double beat and on their call they said they are battling to keep up with demand of their biggest client = $NVDA

So naturally this would cause a strong reaction to the upside for both $TSM and $NVDA but we can see that $SMCI and $AMD are enjoying this to...

$NIO TOP 20

$NIO has now dropped right down to the blue support line now in the PM at $5.35 and those who have been with me for a long time will remember that this was the original limit of the Buy Zone, so this $5.35 level has support history.

Below this level and we have the confluence level at the 0...

$LULU - WATCHLIST -

CLEAN breakout!

The moment $LULU broke above $281 it took off and at $294 now, with the 1.618 Fib at $322 still the target for Wave 3, which is a 10% gain from here.

$CELH, $SMCI and $NKE have similar set ups right now, so if you missed this, which closely for these three.

If...

$BA

$BA has so far tested the $146 level on the 0.78 Fib and the yellow trend line and so far held and the price is at $154 no.

We just have once bounce and no higher high or higher low and below the 50 Day MA

So we still need to see more confirm that support is in and the worst is behind...

$COIN - WATCHLIST -

$COIN what a difference 2 days makes.

Price has reacted as we expected and jumped from $184 to $210 today

Above the 200 Day MA now too and the blue support line

This level has not been flipped to support yet as we have not seen a retest here....if this can happen over the next f...

$APP - RC -

$AAP Cup and Handle formation completed and extended.

Wave 5 went as high as the 1 Fib from Wave 3 and Wave 4 and it went parabolic

This is not somewhere where you add now

I think the risks far outweigh the reward here and a pull back is needed

An ABC correction can comple...

$ONON

$ONON is starting to bend down now after struggling at the Second Target at $52

I believe this can pull back and complete its ABC correction next and we will be presented with another opportunity here in a few months

So I will monitor this in the background, watching for a hold undern...

$PLTR TOP 20

$PLTR has dropped nearly -10% now from its high at $44.39 and back down now below its 1.618 Fib which is the standard level for a Wave 3 top.

You would need something new to send $PLTR a lot higher than its 1.618 Fib and it already went parabolic leading up to this point.

A pull back ...

$CELH - WATCHLIST -

Ascending triangle formed under the $35.60 level now....this looks to be bubbling with a breakout imminent

A break and hold above this level and there is a move back up to the channel trend line at $52 and the 200 Day MA at $60.