The Long Investor

$BTC TOP 20

$BTC rejected cleanly at the 20 Day MA on Monday and has made an abrupt pull back today and is inching closer to the 200 Day MA which is sitting on the last green Fib level at $58.3k now.

We know the plan here, failure to hold the 200 Day MA and this is at risk of pulling back to a lower lo...

$ONON

$ONON has failed to find support on the 0.38 Fib at $37, so there is no buy alert here yet until support is found

The 50 Day MA is lost now too.

Next test is the 0.5 Fib at $35, which is a perfectly fine level to test and hold support for Wave 4.

The invalidation line is below $...

$NKE TOP 20

$NKE is still struggling to find support and I suspect a further move down to at least $73.37 is next to test the final Fib level at 0.887.

Failure to hold this level and the next test is at $70, I believe anything below $70 is undervalued with a margin of safety, and accumulating under thi...

$NIO TOP 20

Back to back strong days here, good monthly numbers, followed by a bounce in the HSI has been a good combination for $NIO and up over 20% in a few days.

Right now we have a break out of the channel and above the 50 Day MA, which is at $4.84.

We need the price to stay above this level ...

$ORCL

$ORCL has broken out of its long yellow channel and has now retested the breakout line, held and now bounced and looks like it can continue moving higher to our Wave 3 target at the 1.618 Fib at $167.

I have been a big fan of $ORCL for the last 18 months and the chart has moved perfectly. 2024-07-03 11:38:34 +0000 UTC View Post

HSI

We won't be doing any lap of honour just yet but encouraged by the early signs, like on the $YINN chart, we want the 50 Day MA to convert to support, then we can exhale slightly.

It is hard to deny the set up here.

$YINN

This would be quite the show if $YINN has now held its 200 Day MA and maintained Wave 4 and now moving higher for Wave 5.

For me, the price needs to get back above the 0.618 Fib at $24, which it is at now in the PM and get back above the 50 Day MA at $25 to confirm that we are in Wave 5. 2024-07-03 11:28:37 +0000 UTC View Post

$TSLA TOP 20

$TSLA has raised its head above its trend line in the PM now while being up +2.5%, this is a good sign but we know that this trend line has been relentless and it is not enough to confirm that the breakout is done now and we are into the impulse wave, we must see this $230 level converted to supp...

$SE TOP 20

Very nice bounce on the green line at $67 yesterday and recovered immediately and now already back up to $71.50 in the PM, erasing considerable losses over the last 2 days.

Wave 3 remains at the blue line at $88 and the price is back above the 50 Day MA now too, which has been a strong supp...

$BIDU

It has been reported this week that $BIDUs Ernie (its rival to Chat GPT) has over 300 million users now, if ChatGpt reported this user base when it started, this would be front page news.

$BIDU has managed to hold support on the bottom trend line and looked like it was potentially losing it...

$ETH

$ETH and $BTC are having a difficult start to the day while the PM for stocks is a sea of green and commodities are also performing well.

There is talk now that the $ETH ETF could be approved by Mid-July, so a retest of the 0.618 Fib at $3256 and the wedge trend line holds, then we c...

SILVER - SAFE HAVEN -

Silver has gained now for the 6 consecutive day and is now back above its 50 Day MA and more importantly its $30 level, it has not broken out of this bullish channel yet or converted the $30 line to support yet so there is still some more work to do.

Gold and Silver have been gaining on sof...

$IWM

Don't shoot the messenger, I am just charting the set up and although the $SPY and $QQQ are into ATH's and going high in Wave 5, $IWM has lagged but still looks like if it can break above the $210 line, it can run up to $250.

For me, the invalidation level would need to be the 200 Day MA at...

$SHOP TOP 20

$SHOP performed well today but this is after a weak day yesterday.

On the chart, we can see that a lower low and lower high are in now, so a pull back to the 0.5 Fib at $62 can still not be ruled out just yet.

Bulls however will like that the price is sitting on the 50 Day MA.

W...

$AMZN TOP 20

$AMZN made a higher high today and another ATH. It finished exactly at $200.00.

This is not a support/resistance line, it is simply a psychological level that is even and the market in its simplest form is attracted to round numbers like this.....similarly back when the Mega Caps were holdi...

$AMD TOP 20

Strong response from $AMD today after yesterdays retest of the 0.618 Fib and the bottom of the wedge trend line. Price has bounced back up to the blue line and the top of the wedge now to end the day.

Stick with this.

Arguably $AMD is behind $NVDA, the market leader....and may benefit...

$CART - WATCHLIST -

The IPO's over the last 12 months are certainly enjoying themselves out there and $CART continues to catch my eyes because of this bullish set up.

The bull flag is still forming and there has not been a breakout yet and we can see that the 50 Day MA aligns with the breakout level too, so un...

$IQ

$IQ is right in the apex now of this wedge, the wedge it has been in since October '22, the pull back has been harsh and worked its way down the Fib support levels and is now sitting between the 0.78 and the 0.887 Fibs.

RSI is now in deep oversold territory too and the last 3 times it was h...

$NTAP - RC - Important note - FIB LEVELS -

Good looking chart here and pay particular attention to how Wave 2 held perfectly at the 0.618 Fib, a hallmark hold on Wave 2, so we can assume we are in Wave 3 now after making a higher high and this can continue higher to the 1.618 Fib at $159.

The three most reliable Fib Levels are:

$PLTR TOP 20

$PLTR: 30% jump now since the Buy Zone and +10% jump since the wedge breakout level was retested.

Very nice show of strength here from $PLTR....Dan Ives, Cathie Wood and BofA have all thrown their backing behind $PLTR over the last 24hrs which is adding to the bullish move.

We are ver...

$NIO TOP 20

$NIO positive day yesterday for $NIO and staying green today but held short of breaking above the 0.618 Fib today.

In a channel now and we need to see some continuation higher, a break above the 0.618 Fib, the channel trend line and for me, the 50 Day MA will be a big statement, especially...

$ABNB TOP 20

While all the eyes are on $TSLA, $ABNB is making its move under the radar.

Price retested the 50 Day MA today and has so far bounced and this is the first positive test to confirm that this is a new higher support level.

I prefer these set ups to $TSLA but if $TSLA can hold above its ...

$TSLA TOP 20

Ok I need to be very clear here because $TSLA is one of those stocks that people are extremely sensitive about....like $NIO and $SOFI. $TSLA is blunt and sometimes unforgiving and although there was a relatively low risk run to this point now, the big test is coming up, whether or not the price a...

$SQ

$SQ remains in the category of companies that are desperately holding onto support but has not got the break yet to move to the upside.

$SQ is now below its 50 and 200 Day MA and we can see that the price is testing the 200 Day MA from below a number of times now.

I suspect a test of ...

$OXY

US Oil has made a strong move this month moving from $72 to $84 and during the time, Buffett has ramped up his buying in $OXY and he clearly sees something bullish, considering this is only 1 of a few companies that he is buying aggressively into.....Buffett also said that the market is overvalue...

$DELL

$DELL has been heavily connected with $NVDA and the Semi/AI sector but I don't see this set up right now being particularly strong.

Wave 5 rejected quite heavily, pulling back to the 0.38 Fib and the 50 Day MA and getting a relief bounce now, it is unclear whether the relief bounce is compl...

HSI

Another slightly green but mainly flat day for the HSI, we are seeing a regular theme here where the HSI opens strong to start the session and then starts to fade throughout the day.

Bulls are optimistic at the opening but weak sellers get out on any bounce....sellers will likely fade out ...

$X

I believe X is at a pivotal moment right now and is now testing its breakout channel, which it was in since 2009, effectively since the '08 crash.

Price broke out after getting acquired by the Japanese and has now given a perfect retest at $35.

A hold above this level and getting back...

$KWEB

$KWEB is now testing its 200 Day MA which is just at its 0.5 Fib too and blue support line, making this $27 level an an important confluence level.

HSI has been flat for the last few sessions, so the Chinese Stocks are still waiting for direction.

$BABA is in a similar set up too and ...

$HIMS

Very nice from $HIMS today, bouncing very well on the 0.38 Fib and up considerably on our buy from last week now.

I am seeing the characteristics of Subwave 4 complete now but getting back above the next Fib at $22.28 would further confirm our thought process.

Very happy with how we'v...