The Long Investor

SILVER

 Commodities took a hit on Friday after economic data showed that salaries unexpectedly rose in the US in May, which adds pressure on the Feds rate cut decision....we saw a decline in the market, bonds, commodities and crypto on the strength of this news.

Silver has been our preferred ...

$ETH - WATCHLIST -

$ETH is back on the buy list.

Nice little flush down here today with weak economic data and the 0.236 Fib gave way.

The price action and 50 Day MA could meet nicely at the 0.5 Fib at $3422, making this a confluence level, so a hold here and we have our buy signal.

I will likely ...

$PDD

$PDD and $FUTU remain the strongest of all of the Chinese ADRs right now, technically at least.

So I think of $PDD tests its 50 Day MA again and there is a hold here at $132 then I think this would be a suitable entry level to add or start in order to get the end of Wave 3 to $194

I b...

$OPEN - RC -

$OPEN is at the mercy of the Fed and when they will Rate Cut, this delay puts enormous pressure on the realtor sector so I would not be surprised to see $OPEN continue its consolidation sideways through this large wedge until a decision is made on the rate cut, or even on a realistic time line. 2024-06-07 19:04:11 +0000 UTC View Post

$IBM - WATCHLIST -

$IBM is going back on the watchlist again after moving perfectly down to the 0.38 Fib for our Wave 4 projection and we can see that there is a confluence level here too with the 200 Day MA helping support.

So far support has held and if the price action continues to hold then there will be ...

$HD - RC -

No changes to the chart here but more requests have come in for this, it is likely down to the uncertainty about whether the price action can hold on the outside of the wedge here at $327.

The price has recently lost its 200 Day MA and we can see that the 50 Day MA is moving quite bearish n...

$FOUR

$FOUR has been moving well here since holding support between the 0.78 Fib and 0.618 Fib in May and the price action is back above the 50 and 200 Day MA, and also used the 200 Day MA as a test of support and further bounced.

All very positive signs of this upward trend

No changes here...

$DELL

$DELL continues to show a lot of weakness since missing on its earnings and today has lost its 50 Day MA, confirming further the downward trend.

I have added in the ABC correction here, with Wave A looking to complete on the 0.5 Fib but also the 200 Day MA just slightly below is also an opt...

$CL - WATCHLIST -

Colgate continues to run like clockwork and has now used the 50 Day MA to propel itself higher and in a position to test a higher high next.

The trend is clear here and with no doubt.

First Target is at $102 and the Second at $115.

They also pay an attractive dividend too of 2.2...

$CLSK

Good start to the day for $CLSK and up +8%, price has once again bounced on the bottom channel trend line and now back above the 50 Day MA at $17.10

Bulls need to see the price action holding above the 50 Day MA in order to move higher to complete Wave 5 or the consolidation sideways contin...

$SHOP TOP 20 - LONG TERM PROJECTION -

We have a lot of new members over the last few months so they may not have seen this long term projection and another reason why we have added this to our Top 20 List.

$SHOP is a core stock for us now, meaning we intend to hold it for +5 years, the same goes for $AMZN, $BABA, $BIDU and $PLT...

$BMBL - WATCHLIST -

$BMBL is setting up very nicely here, I think there is still a possibility that a retest of the 0.5 Fib at $11.14 is next, which is at the 50 Day MA and if there is a test and hold here, you have your buy signal to add.

This would complete the small 3 wave pull back, meaning the next move u...

$FUTU

$FUTU remains one of the strongest Chinese ADR set ups right with $PDD.

Price is still holding above the blue line and hasn't even pulled back to the same extent as the HSI either...yet.

We can see that the 50 Day MA is moving upwards and right now sits on the 0.5 Fib level, a pull ba...

$NIO TOP 20

Another perfect test on the $4.82 level today which is also the 0.5 Fib and 50 Day MA and held.

To go through an earnings week, with a double miss and there is no break down of structure or losing any of the levels we have been watching closely, I feel is a positive sign....this could have ...

$BABA TOP 20

Bulls have managed to do their job this week and hold support comfortably on the 200 Day MA and go into next week ready to battle again.

We can see that the HSI has held a crucial support level on the 0.38 Fib to end the week too.

The 50 Day MA is also moving up to the price action he...

US 10 YR

There is a battle going on at the 200 Day MA for the US 10 YR, jumping +3% today on the strength of:

'being under pressure after bond yields jumped on the stronger-than-expected US May payroll report, which has dialed back expectations for Fed interest rate cuts. May nonfarm payrol...