The Long Investor

$PLTR TOP 20

We covered this closely all week so I believe everyone is up to scratch on where we are here with the price action.

Perfect retest of the wedge breakout level and the 0.5 Fib at $23.61 to end the week, it happened quite quickly so the reaction caused some concerns, I care very little about ...

$NKE TOP 20

$NKE I believe is at a very important junction, it has its earnings this Thursday after the market closes on the 27th and it could be in a good position to move a lot higher if they report a flawless earnings.

Price has held above the important red line support level at $88 and has now conv...

$MSFT TOP 20

$MSFT like $AAPL was able to break out of a persistent resistance level at $430 over the last week which also bodes well for $AMZN to follow the other Mega Caps to push higher.

Next resistance level for $MSFT is at $456 and there is a route to $496 but I believe this would be very extended ...

$INTC TOP 20

Noticeable hold on the 0.78 Fib here since the end of April at $30 but still no follow through but just a consolidation on this line, losing this level and it is likely going to be a harsh drop down to our Wave 5 target and possibly the 2023 low at $24, holding this level and we will need to wait...

$GOOG TOP 20

Zero changes to the $GOOG chart since its earnings at the end of April and has stayed in a strict upward trajectory under the trend line since then.

Continues to look strong and not under any threat of losing its structure, I believe this bodes well for $AMZN as it tests its $190 level, whi...

$DIS TOP 20

$DIS bounced out of the sweet spot between the 0.5 Fib and the 0.618 Fib this week and did not need to test the 200 Day MA before doing so, which would have made this confluence level abundantly obvious.

Bulls need to watch for a hold above the $101 level now on the 0.5 Fib.

There is ...

$COST TOP 20

$COST is having a difficult time at its 2.618 Fib here at $863, I am seeing very little chat about $COST in the groups or comments under charts so I believe the majority are just waiting for this to come back down to consider a position here.

I believe this is the right choice to make.

$BTC TOP 20

I have changed the large ABC corrective Fib levels to orange which helps us to identify the pull back support levels for this proposed Primary Wave 2 pull back, with Wave C still showing completing on the 0.38 Fib at $51k.

What I am also watching is how the price action holds on the green F...

$BABA

We saw a test of the 0.78 Fib this week at $73 followed by a bounce, this is early signs of support being found but we need more confirmation that this is a solid support level before we can be excited.

The price action is still below the 50 and 200 Day MA and the 0.618 Fib so by all metric...

$AMZN TOP 20

$AMZN has me excited and I added back in this week, returning to 70% of my original position after selling some $HIMS before the large decline.

$AMZN rallied into the close on Friday too which is usually a good sign leading into the opening on Monday.

Price hit $189 on Friday too, jus...

$AMD TOP 20

I remain bullish here and the RSI is backing up our impulse wave count too.

Price continues to hold above the 50 Day MA and the 0.5 Fib too at $161 but I would like to see the blue line flipped to support at $164, this week we saw a rejection trying to stay above this level and the price ne...

$ABNB TOP 20 - ON WATCH -

$ABNB has been building a strong base above the $145 now and although there hasn't been a large bounce yet off this level, we are seeing a typical series of higher highs and higher lows which is what we want to see when looking for signs of a reversal.

$ABNB is still at the top of my add li...

$AAPL TOP 20

Dust has settled after the AI Day and there was some profit taking this week after hitting a high of $220 and finishing the week at $207.

A retest of the breakout level at $200 would be suitable here and how the price action handles this test of support will tell us all we need to know

$SOFI TWEET

I see on X that when people cannot explain why a share price is trending down, they automatically assume it’s being manipulated - you need to move away from this thinking

There is always an answer and it’s not always the simple assumption that Wall St is at it agai...

$TECH - WATCHLIST -

I like the confluence level set up here, the price action tested the wedge breakout level and is now pulling back and we can see that the price is sitting on the 50 Day MA and the 0.5 Fib, with the 200 Day MA aligned with the 0.618 Fib.....this is infact a double confluence level aligning perfect...

$TGT - POSSIBLE SAFE HAVEN -

Finished the week with a nice bounce on the 200 Day MA and on the 0.5 Fib which we are seeing a lot lately.

If this continues to hold above this level, this is a very nice set up with Wave 2 complete and starting Wave 3 next.

Remember $TGT did not follow the market up in Wave 5, it de...

$SOFI

$SOFI is certainly showing weakness but it is in the bear case and now has my attention below $6.40.

It has not found support yet so I have added in potential support levels with the green Fib levels.

The lower it goes, the more attractive it becomes to me, I believe $SOFI is getting ...

$ETH

Another test of the 50 Day MA here this weekend, which makes this the 4th test since the middle of June.

This is also above the 0.5 Fib at $3423 too.

We observed tests like this on the Silver chart before it bounced aggressively this week

Crypto remains under pressure at the mom...

$TLT - SAFE HAVEN -

$TLT which is one of the popular safe havens we upload continues to move very well in an impulse wave.

Comfortably above the 50 and 200 Day MA and resting on the 1 Fib right now and still in Wave 3, which we expect to complete at the 1.618 Fib at $96.

$TMF follows $TLT and it is a 3 X...

$ONON - WATCHLIST -

$ONON getting a comfortable pull back now after hitting our Wave 3 target, no changes to the chart here and we have Wave 4 sitting between the 0.38 Fib and the 0.5 Fib and we can see that the 50 Day MA is cutting through this range too so this is exactly what we want to see.

Wait for the pu...

$NVDA

Noticeable pull back over the last 2 days for $NVDA from $140 to $126 and the price is just holding on the 3.618 Fib now exactly, which is not a coincidence. If the price can not hold at this level, this would certainly be showing weakness to this structure, if the price action can hold above the...

$PLTR TOP 20

The price action is exactly at the 0.5 Fib now on the wedge break out level at $23.60, I would not take any action until support is confirmed and it may not come in today.

Price downgrades after a breakout is likely down to institutions missing the breaking out and wanting to get in on the...

$CIFR - RC - WATCHLIST -

A number of requests have come in for this over the last few days and I can see why

Ascending triangle formed here and the price is just at the breakout level now at $5.11, the price has not managed to break and hold above this level in the last 11 months so watch for this confirmation firs...

$PLTR TOP 20

$PLTR has been the model student, broke out of this bullish wedge and now giving us a pull back.

I have added some important Fib levels and we can see nicely how the 0.5 Fib aligns with the wedge breakout level, this is where we should be watching, if the price can continue to this level an...

SILVER

Strong move over the last 2 days for Silver, bounce on the 50 Day MA and 0.5 Fib and poked its head just above the bullish flag at $30.60, so far the price has not held above this level but it is a good start, letting off some steam today after that strong run which is to be expected.

A ret...

$FUBO

$FUBO is shortly approaching make or break territory now.

Below $1 is not where any stock on the US exchange wants to be and they'll be notified that they will have 3 months to get their share price above $1.

Price has been strictly kept down by the 50 Day MA since the start of 2024 ...

$COIN

$COIN is back down to test its 50 Day MA at $228 after a misleading bounce for Wave B which seemed to have people thinking this would make a new high, Wave B's can do this, which is exactly what they are for, acting as exit liquidity before the final leg down, this is why corrective waves always ...

$BOTZ - ETF -

This Robotics and AI ETF remains in a very healthy structure in an impulse wave and has been moving very well since we started charting this about 10 months ago.

Price is above the 50 and 200 Day too, we may see a pull back to the 200 Day MA first before moving higher but as long as the pri...

$SHOP TOP 20

Working our way nicely down through this pull back in a controlled manner, we can still see some buyers stepping in on any dips and that is likely a DCA strategy so I can't argue with what they are doing, also if institutions are scaling in, they can not wait for the lower Fib levels, the supply ...

$NIO TOP 20

Weakness across the board in the EV sector continues, with $FSR, $PSNY, $FFIE, $NKLA $MULN all in bankrupt or danger territory and at risk of falling off the exchanges. Coupled with the tariffs on Chinese EVs, this has been a difficult time for the sector.

$NIO always feels this pressure an...