The Long Investor

$AAPL TOP 20

$AAPL has an ascending triangle forming under $233 and this level has been tested 3 times now, each followed by a higher low

Last week the price also used the 50 Day MA as support too and bounced well.

A break above $233 next and the previous ATH level at $237 is next, a break and hol...

$TLT - WATCHLIST -

A reminder of the big picture here

$TLT was at $179 in 2020 after the Covid crash and dropped all the way to $82 and only at $94 now

During this whole pull back, the 50 WMA kept the price trending down

In July '24, we got a break out above the 50 WMA and now we are getting a ret...

LESSON - FUNDAMENTAL ANALYSIS - RULE OF THUMBS -

I mainly use FINVIZ.com to find fundamentals and SimplyWallSt is also a good source to find past and future revenue and margins

It can also tell you some insider buying and selling and who are the majority shareholders.

Fintel.com is also very useful.

Company reports...

$MBLY

$MBLY is at confluence level now, holding on the larger 1 Fib and the pull back 0.618 Fib from potentially finding the bottom at $10.50 at the start of Sept.

If the price can hold here then it can bounce higher and make an attempt at converting the 50 Day MA to support, if the bulls can do ...

$PSA - RC -

Continues to move very well in our impulse Wave 3 here, I believe this Wave 3 is not complete right now and we are getting a subwave 4 of Wave 3 pull back right now

I think this will then continue moving higher to our Wave 3 target at the 1.618 Fib at $383 before needing a Wave 4 pull back<...

$COIN

I always get a lot of requests for $COIN even when it doesn't need an update but this used to happen a lot with Crypto mining charts too.....people who have only started investing tend to gravitate to these stocks and crypto so there is an over eagerness here all the time.....so the more you lear...

$LULU - WATCHLIST -

I think there is a move coming here for $LULU

Consolidating very well here since holding support on the 0.618 Fib at $244 and the larger 0.618 Fib at $226, making this a double 0.618 Fib hold

We know how bullish this has been lately

A break above the 0.5 Fib at $281 and we could...

$LYFT - WATCHLIST -

We knew something was brewing here but what I didn't connect was how the $TSLA 10.10 event would be the possible catalyst for this to move higher like it is today

All the chart was telling us was that it was ready to move higher as it stays on the outside of the wedge and retesting the leve...

$IWM - WATCHLIST -

Continues to hold on the outside of the wedge and above the 50 Day MA, making this a hold on the confluence level

Impulse Wave is still valid for Wave 3 and we can see that Small Caps are still lagging the wider market and the $QQQ

We are bordering on pushing towards the melt up scena...

$SOFI

Very clean breakout now through the $8.23 level and moving controlled.

A retest of the breakout level can come at any stage and it would be welcomed to show that this level has officially been flipped to support

But like I said before, staying above the $8.23 level and there is a low ...

$BA

$BA has made it to the confluence level exactly at $146

Also the moment of judgement for $BA, which was at $270 to start the year and now at $146

This has been beaten up and probably rightly so with a long list of errors over the last 10 months.

Price needs to hold here now or a...

$ETH

$ETH continues to consolidate in this triangle, which is fine for a Wave 2, the price is also holding above the 0.618 Fib at $2372 now as it moves sideways

There is clearly still risks here while being below the 50 and 200 Day MA and a flush down to the larger 0.618 Fib at $2100 can not be ...

$IQ

$IQ is exactly at the 0.618 Fib level now at $2.45, this is where the support needs to hold for me and any loss of this level and it is showing weakness

The other ADRs that we follow have not pulled back to their 0.618 Fibs jusT yet, so already $IQ has pulled back further

A break down...

SILVER - SAFE HAVEN -

Silver is my main safe haven for a reason, the chart is easy to ready, support/resistance levels are clear and it is moving in the right direction with very little surprises since we added at $24

I don't doubt my chart

And the brief remains the same here, hold SILVER until the marke...

$AMD TOP 20

Bit of a buy the rumour, sell the news event for both $AMD and $TSLA yesterday but in $AMD's case, we just got a retest of the 200 Day MA and the $164 level, unlike $TSLA which is showing more weakness.

$AMD we know needs to hold above $164, we have been talking about this level since Jan '...

$NIO TOP 20

I am very happy with the movement here from $NIO, all very controlled and moving in the right direction

This is the 1hr chart so we can see the movements in better detail so disregard the 50 and 200 MA's

What we want to see is a lower low next below $5.98 and this could trigger a furt...

$TSLA TOP 20

From the response online, it appears that $TSLA underwhelmed at the 10.10 event, as a long term investor, I was not underwhelmed.....they have set forward 3 important products that I think are going to change the world and I am especially impressed with their Optimus product.....its a substantial...

$ZS - WATCHLIST -

Consolidation can sometimes frustrate people because it can almost feel like an entirety when a price just stays in a tight range without taking a direction but this is when you zoom out

Clearly we can see that this consolidation period took place along the 0.618 Fib at $151, after a 3 wave...

US 1O YEAR

US 10Y continues its climb higher as briefed from the last update, I believe this will continue moving higher in this aggressive bounce until the 200 Day MA at 4.17% and I believe it will be met with some resistance

A rejection here and we can assume that the trend will continue down lower ...

$HASI

Retesting the ascending triangle top line again from above, $HASI moves slow so it doesn't get the same attention as a stock that regularly moves 3-5% in a day.

Higher highs are still being observed here and the Impulse Wave count remains valid, with the Wave 3 target at the 1.618 Fib at $4...

$BIDU

$BIDU has been moving very well here and we can clearly see on this chart that we have 3 waves pulled back since the Wave 3 level completed.

Also and most importantly, so far holding on the 0.38 Fib

The 200 Day MA is just below aligned with the 0.5 Fib so this level can not be ruled o...

$SNOW

I am starting to see a lot of chatter about $SNOW online now so I am uploading this chart again

There are no changes here to this chart, the blue support line at the bottom has not changed, nor has the commentary

Price is certainly testing and reacting positively on this support line ...

$HIMS

I don't believe this pull back count is complete yet which is why I added the Fib support levels on the previous chart upload

I think $HIMS can pull back in 3 waves to at or below the 0.5 Fib at $16.77, where the 50 Day MA is now and the yellow trend line....this movement will also bring $H...

$DKNG

Very nice here from $DKNG, since Wave 5 completed, we got a pull back exactly to the 0.38 Fib and then a bounce to the 50 Day MA and a clear rejection with a number of tests.....I want to see this continue to reject and then pull back further to a lower low, between the 0.5 Fib and 0.618 Fib at $...

$PINS - RC - WATCHLIST -

You gotta like this set up right here

One big reason, when Wave 5 completed in June, there was a large and fast sell off and it went exactly to the 0.618 Fib at $27 and held support

Since then it has been moving very well in an impulse wave

And we have a higher high and higher l...

$CLSK

No signs of reversing here yet as $BTC continues to consolidate below the 200 Day MA.....which makes $MSTRs move even more impressive

I think $CLSK will continue to stay in this range under the 0.618 Fib until $BTC shows some bullish signals, one being able to hold above the 200 Day MA

$LI - RC -

It has been awhile since we last uploaded this and remarkably there are no changes to the count

We have added in the White Fibs levels now to show were this Wave 2 pull back can potentially hold

Like I have always said, the Chinese EV sector won't show signs of reversing until $LI tak...

$SE TOP 20

Still no changes to the chart, price continues to test the Wave 3 target level at the 1.618 Fib, as always this is where we want to see a pull back for Wave 4 and move down towards the 0.38 Fib at $80, where the 50 Day MA is there waiting right now

Wave 3 has jumped from $55 to $95, so a pu...

$NKE TOP 20

$NKE has so far found support on the 50 Day MA which is also the 0.5 Fib too

Big test for me is staying above the $82 level as this is an historical support line, so far it is looking like it can hold this level and earnings are out of the way now, they were a beat but it had a caveat.

HSI

Ok the big question now is whether or not Wave 4 is now complete.

• I have white circled the area we need to evaluate:

• There is arguably 3 waves here

• It happened over a total of 2 days

• The price pulled back and held on the 0.38 Fib and boun...

  2024-10-10 09:31:00 +0000 UTC View Post