The Long Investor

$ASTS

$ASTS bounced yesterday on launch information and eluding to the fact there will be a dilution coming, price jumped in spite of this......which we know to be exit liquidity which is always Wave B.

Strong pull back today and a lower low has been made, so I believe we are in Wave C now

...

$CELH

BofA lowered their PT today to $26, so lets see where they plucked this level from

I have added a blue horizontal line at $26 and to their defence, the blue line was a support line between mid 2022 to mid 2023 and held support here with a number of tests before moving higher to complete Wav...

$CLSK - RC -

$CLSK continues to make lower lows and could not hold its 0.618 Fib at $10.50

The next Fib as we know is at the 0.78 Fib at $6.62, which is also the low from the start of 2024.

Wave C's are not enjoyable, they will test you and challenge you but if you believe that Crypto and $BTC wil...

$TMDX - RC -

A beautiful chart here for $TMDX and no changes to our last upload but worth showing its movement here to learn from

Wave 2 held on the 0.618 Fib at at $43

Wave 3 then bounced to the 1.618 Fib at $177

And now we have a controlled pull back for what I believe is Wave 4 to the 0.3...

$OXY

Two very important points to make here:

1. If you have an issue holding a stock like $OXY for a number of weeks, you are not a long term investor, you are a trader or you do not know the difference between both.

2. $OXY is not in our safe haven category or I have never labeled it as a...

$DAL

$DAL is back up to $42 now after sinking down with the market at the start of August to $37, which brought the pull back in between the 0.618 - 0.78 Fib levels, which is weaker than standard.

Price is back to the 50 Day MA now for a test

We will need to see whether the 50 Day or the 2...

$NIO TOP 20

$NIO reported a strong and honestly a surprisingly good report, I was not expecting margins and growth at those levels

Especially when we consider what happen exactly 12 months ago when they failed to deliver on their targets, their lowered guidance and disappointing performance

So no...

LESSON - FINDING SUPPORT CONFIRMATION

Understanding Support Levels:

• Definition: Support levels are price levels where buying interest is strong enough to prevent the price from falling further.

• Visual Representation: On a chart, support levels a...

  2024-09-05 11:05:51 +0000 UTC View Post

SILVER - SAFE HAVEN -

We have a double 0.618 Fib hold of support so far here

The first one came on the 5th of August and held above $26 and the 200 Day MA which we believe was Wave C completing and this week we have the second one, which is a subwave 2 pull back.

So far we have had a test and hold on the s...

$DLTR

Pretty horrific scenes here for $DLTR as it followed $DG with a double miss and concerns on guidance and the market is hammering it now

A number of analysts have added fuel to the fire here too by lowering PT's this afternoon

Price is down -23% now

$DLTR is certainly in its ABC ...

$ABNB TOP 20 - WATCHLIST -

$ABNB is now at the sweet pot, it pulled back and held on the 0.618 Fib at the start of August and bounced, pulling back now again to the 0.618 green Fib at $114, now all we need to see is a continuous hold on this level and a series of higher highs and higher lows next.

The Buy Zone for me...

$SMCI

Things continue to go from bad to worse for $SMCI here as Barclays downgraded $SMCI today and said that risks do exist still

Death cross has also initiated here today too

Price continues to trend down here and I expect a lower low next, with the 0.78 Fib not being ruled out at $290. 2024-09-04 19:09:07 +0000 UTC View Post

$X

Biden and Harris confirmed today that they will block the buy of $X from Nippon Steel

By doing this, they have identified the importance of US Steel to the US, while at the same time, Japan have identified their desire for this company too

Both are in an agreement, this company is val...

$NVDA

$NVDA continues to sell off into any bounces and there is a battle going on at the 0.618 Fib right now at $106, however has not been lost for now

A hold under the $106 level and we can assume another leg down to a confluence level at the 0.78 Fib and the wedge trendline below $100.

I ...

$CRM

Our $CRM trajectory is on track

The bounce since Wave A completed has not been an impulse wave and looks distinctively corrective which is what we want to see from a Wave B.

Price has tested the 200 Day MA now since June too and consistently rejects hard at this level

No lower l...

Aston Martin

Continues its show of strength above the 0.887 Fib and under the 0.78 Fib and consolidating now since March

The price looks destined to test the wedge breakout level with the 200 Day MA towards the end of this month too at 151p - 160p

A breakout and hold here would be a positive devel...

$PG - SAFE HAVEN -

$PG is in Safe Haven heaven, we saw a strong flight to security yesterday and I highlighted this in the TLI chat group, that a large amount of the Safe Havens we follow were all green whereas the market started off Sept very weak.

The First Target looks locked in now here at $177.50, flippi...

$HIMS

$HIMS is holding so far above its 200 Day MA, its 0.5 Fib and the yellow trend line

RSI has been moving across on the 30 Oversold line, appearing to wait for a catalyst

We would like this to continue to hold this level but if the $14.22 level is lost, the 0.618 Fib is next at $11.50, ...

$ETH

$ETH and $BTC has been disappointing on a number of fronts over the last few months but there is still time for the Bulls to step back in

$ETH managed to hold support on its larger 0.618 Fib at $2100 on the 5th of August for the market sell off and bounced, since then it has pulled back an...

$BABA TOP 20

Another bullish wedge has been formed here, the third one this year and a lot smaller than the previous 2.

$BABA continues to show relative strength against its US Tech counterparts and I am happy with the count and structure.

HSI is retesting support levels today but $BABA is nowher...

$ONON

I could not paint a better picture if I had Van Gogh's hand!

The 0.618 Fib is exactly at the First Target level at $40 and the 50 Day MA is here too

Price flushed down to $42 at the opening but the selling may not be complete here, so a move in between the 0.5 - 0.618 Fib and holding...

$NKE TOP 20

$NKE moving very well and controlled pulling back and is just at its 0.38 Fib so far, I can only see one wave in this pull back since rejecting at the amber 0.78 Fib at $85, and as always, in an impulse wave, the pull back moves in 3 waves.

It must be noted that the price is exactly in the ...

$DELL

Just holding above the 200 Day MA after testing it at the open with a slight drop beneath this MA too

Ideally we want to see $DELL pull back a little further, $AMD perfectly tested its 0.618 Fib yesterday and held, followed by a nice bounce today, this is what we always like to see

$D...

$AMZN TOP 20

$AMZN, $GOOG and $MSFT are all at their 200 Day MA and to me it is more important for these companies to hold their 200 Day MA than to see $NVDA pull back to its wedge support line

Losing the 200 Day MA will mean a trend change, especially rejecting under this level

For now, my Wave B...

$NIO TOP 20

An entire financial group holds its breath as we witness a test of the 50 Day MA!

Testing perfectly at the 50 Day MA now, so we know the plan, the bulls need to flip this to support and comfortably confirm this level at a higher low

I would have no issue adding to my $NIO position if...

$PLTR TOP 20

Nice drop down at the open to $29.31 which is at the blue line which we are watching closely.

Ideally we want to see a further drop below this level and the 50 Day MA is at the 0.38 Fib now at $28.53

This is still the first week of Sept and already it has started bearish, a relief bou...

$TGT - WATCHLIST -

All going to plan here too

I do get very excited when our patience pays off

One thing we see over and over again is that the market loves giving you a second chance and under no circumstances should we chase

That's what the undisciplined do - they chase, we can not control the p...

$SOFI

$SOFI has pulled back exactly to its wedge trend line at $7.57 which is exactly where the 200 Day MA is waiting too

Making this a strong confluence level

If the bulls can hold now, this will be a significant milestone and something they have not been able to achieve since 2023.

...

$SHOP TOP 20

The 200 Day MA has been cracked, it is showing weakness and the price is currently just under this level now

However it is still too early to say that this level is lost but this is what we needed to see in order to get a larger pull back and get to our entry point

$SHOP has run very ...

$AMD TOP 20

No surprises here, we have been patiently waiting for this pull back and let the price action do all of the work for us.

Once we got a clear rejection at the 200 Day MA it was time to wait.

Price came very close to the 0.618 Fib today but so far it is just a test, not confirmation of ...