The Long Investor

$DIS TOP 20

It does appear that $DIS is starting to turn a corner now after finding support on its last Fib support level at $83, just above the Buy Zone.

Price is also bending at the top of this recent bounce too, so I have added in the green fib levels if a pull back is to come in next.

$DIS di...

$BABA TOP 20

$BABA has had a great week and month, in spite of its 2 hr scare post earnings before the market opened.

Moving bullishly in an impulse wave, making higher highs and higher lows, any pull backs are getting bought up in the next trading sessions too.

No changes to the chart here and t...

$AMZN TOP 20

Another stock that started to lose its bullish momentum by the end of the week and as it approached its 50 Day MA, so we could see a retest of the 200 Day MA next at $171, a test and hold of support here and I believe $AMZN can push higher to the $188 level next

If $AMZN was to lose its 200...

$AMD TOP 20

We can clearly see here that the 200 Day MA has been a resistance level for $AMD, as we lead into a big week for the Semi and Tech sector....and indeed the market when $NVDA reports on Wednesday after the close.

We anticipated this resistance which is why we already have the pull back green...

$ABNB TOP 20

$ABNB remains at the top of my buy list right now and I like how there has been a test of the 0.5 Fib green level at $114 this week too, support is not confirmed just yet, as we have not seen a higher high or higher low next, so I will wait for this to come in before adding to my positions.

$AAPL TOP 20

As the week ended, we started to see some bending at the top of many charts as Powell finally revealed that it's time to reduce rates, this will likely come as no surprise to anyone, especially as there were 'emergency' calls for a rate cut at the start of this month

No changes to this char...

$BTC TOP 20

$BTC has broken above the 200 Day MA now and the 50 Day, after the pull back held on the 0.5 Fib, so I have provisionally added in the impulse green wave now if $BTC can get beyond the persistent $69,100 resistance level.

We can see that the 1.618 Fib is at $77,000, which would also me...

$DKNG

Testing its 50 Day MA this week and so far is being met with some resistance so I have added in green fibs to show where support can come if a pull back is needed before it can go higher.

Bulls need to get the price above the 50 and 200 Day MA at $40 to show that the pull back is complete 2024-08-23 19:47:31 +0000 UTC View Post

$YINN

Bouncing now on the 50 and 200 Day MAs and the 0.618 Fib, with the HSI and the US market enthusiasm

If the HSI and the US market continue this climb into next week then $YINN will benefit from this and a route back to the blue line at $30 is next.

HSI continues to show signs of stabi...

$CLSK

I added $BTC and $COIN today and yesterday to show that if $BTC can break out and hold above its moving averages, then $COIN can move higher with it....this has happened today. I would still like to see the $62k level be converted to support and then move up top test $69k.

$CLSK will likely...

$ONON

A fantastic company and a fantastic chart

Higher high has now been made now which confirms the upward trend, so any pull back now, especially to the 50 Day MA which is exactly at the First Target at $40 should be considered as a position to add, to catch the next move up to the Second Targe...

$VICI - SAFE HAVEN -

$VICI has now broken out of its channel, retested the breakout level at $31.30 and now bounced.

I think since Powell has confirmed that rates will be cut, this will relieve some pressure for the housing sector and this will continue to move higher to the top green line at $35 next

A b...

$NIO TOP 20

$NIO is testing the top of its channel once again today at $4.15, with the 50 Day MA at $4.33.

I think we are all aware what needs to be done here by the bulls, a breakout and converting the 50 Day MA to support, before making a move up to the next blue line at $5.32, where the 200 Day MA w...

$SHOP TOP 20

One of the big issues for $SHOP right now is the very large gap it left behind post earnings, which would close at $54.88....which is also very close to the 0.78 Fib.

This is the daily chart and we have been using the weekly chart lately to show where the 200 WMA is at, right now at $79.69,...

$QQQ TOP 20

Some positive enthusiasm after Powell spoke today, when he indicated that the 'time has come' to Rate Cut, which I don't believe is a surprise by anyone if it starts in Sept.

The question really is, will it be 25 BPS or 50BPS

I think 25 BPS to start is more appropriate and each month ...

$ETH

$ETH has not been testing its 50 or 200 Day MA but it has pulled all the way back to its 0.618 Fib at $2106 at the start of August which is why I believe that in terms of R v R, $ETH has a better set up right now than $BTC and I also continue to like that it has not made a new ATH yet above $4k 2024-08-23 15:51:36 +0000 UTC View Post

$RKLB

$RKLB continues to do the right things and have brought a former Lockheed Martin Exec onboard now, which is certainly a bullish add.

He will know how to secure more government contracts and bring them to the next level.

Chart has not changed and I still expect a move up to the 1.618 F...

$HIMS - WATCHLIST -

$HIMs started the day off strong yesterday and went up +5% after analysts gave a bullish review and a PT of $24, which we spoke about yesterday

And then came the market sell off, over concerns which way Powell will go today and the gains were all given back

Now we can see in the PM th...

$PTON

Reported yesterday and gave a surprise beat by 52% on their earnings and the share price jumped +40% at one stage.

There is also no changes to this chart since the last one I uploaded

We can see that the wedge broke out at the start of July and came back to retest the breakout level i...

$CELH

Remember the market will always reward patience

Many probably wanted to add $CELH when it tested $35 and then got discouraged when it started to run up to $43 but pull backs always come and we saw how quickly sentiment can change yesterday and the market can pull back

Price has now te...

$BTC TOP 20

$BTC has tested the 50 Day MA again today as we wait for Powell to make an announcement

If the market takes this information as positive then $BTC can burst through this resistance level and can make a run up to the $69,100 level

The pull back has already come down to the 0.5 Fib at $...

SILVER

We were watching for a pull back for Subwave 4 after testing the 1.618 Fib for Subwave 3 at $29.91, the pull back came down to the 0.38 Fib at $28.91 and tested and now bounced, textbook here so far.

Let's see if Silver can make an attempt at the $30 level over the next week now

Powel...

$BABA TOP 20

Again, no changes to this chart since June and it has been moving in an impulse wave and continues to move higher in Wave 3.

News has dropped this morning that $BABA has changed their status on the Hong Kong exchange which allows mainland Chinese investors to buy $BABA stock now:

...