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The Long Investor

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$HOOD

$HOOD is pushing higher in the PM due to:

Robinhood Markets, Inc. HOOD has signed an agreement...

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HSI

4th day this week the HSI has consistently held above its 0.38 Fib for Wave 4 as expect and this is now building a base, with signs of pushing higher too, all positive signs for us.....especially since this is what we have been expecting and this is what we are getting, we can not ask for much mo...

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$PYPL TOP 20

Some positive words from the CEO yesterday that $PYPL was moving ahead of the guide for this quarter and the market seemed to enjoy it in the AH.

We can see on the chart that the price is moving up to the 50 Day MA now, so bulls will know that they need to convert this level next.

Ove...

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$NIO TOP 20

$NIO reported this morning and by now we would have all seen the results.

To sum it up:

Improvement on the same quarter last year but a decline from the previous quarter, cash expenditure also increased this quarter too and revenue was noticeably down since the previous quarter.

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$COIN

$COIN has had a strong few days and now back above the 50 Day MA and moving in sync with $BTC which has also done a good job of getting above its $69k resistance level, if $BTC can convert the $69k to support then there is one more leg up and $COIN will benefit too....the Cup and Handle formatio...

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$CELH

$CELH had a good day today but I would be reluctant with starting a position here until there is a clear test of support and hold.

It has declined quite heavy and aggressively since its earnings and a report suggesting their sales are eroding.

The 200 Day MA is sitting at $65 right no...

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$QQQ TOP 20

$QQQ had a strong day today, up +2% which is a monstrous move for this ETF

Led by $NVDA breaking above the $3 Trillion Market Cap valuation.

Price has now bounced on the green support level, which was the resistance level at the start of the year until March, so this is a confirmed co...

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$BIDU

$BIDU needed to hold today and it did but it is certainly showing more weakness than the other Chinese ADRs we follow closely, nevertheless, $BIDU is still undervalued and while it is under its 200 Day MA I find this area attractive to add.

I expect $BIDU to move with the HSI if we start se...

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$ASPEN - RC -

A very large Cup and Handle has formed here and this has already jumped from $4 to $30 in the last 12 months.

The price has not yet reached the 1.618 Fib at $37 but it is certainly extending right now which is a tell sign that a pull back will be needed next, whether or not it makes it to t...

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$TECH - RC -

Nice set up here from $TECH but the price action remains in the wedge and can move all the way to the apex of the wedge before taking a direction

Bulls will like that the pull back in Nov '23 held support on the 0.78 Fib and the price is back above the 50 and 200 Day MA.

I would wait ...

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$AMD TOP 20

Bulls are battling on the $165 level and the 0.5 Fib level at $159 all week and the 50 Day MA cuts right through this range too

This is an important range to battle in too because once the bulls convert $165 to a firm support, this will likely attract more buyers back into $AMD

We may...

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$JD

Chinese ADRs and the HSI are all aligning right now after holding their respective critical support levels.

$JD used our blue support/resistance line which was also the 50 Day MA to bounce and hold support, which is enough for Wave 4 to complete.

They are all ready to move together an...

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$ASTS

$ASTS continues to be a monster and up another +10% today too and the First Target is acting like a magnet.

We know that a pull back will come, so please be prepared for this but for now the boosters are attached and it is likely funds buying into this because it certainly is not the retail...

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$TSM

Next time you hear 'Geo Political risk' show them this chart and the $PDD chart and remind those people that revenue and margins are all that matters.

Strong start to the day for $TSM, if the bulls can clear and convert the $166 level to support then our Wave 5 target is locked in at $186.<...

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$SPY TOP 20

I think the Mega Caps and the market are preparing for a run here

No changes to the chart from the weekend but we can see that the price action pulled back last week, just shy of the 50 Day MA and has bounced strong now and on the cusp of making a higher high now.

$AMZN probably has t...

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$PLTR TOP 20

Nice movement here to start the day and above the 50 Day MA, we want to see this MA converted to support to give us an indication that this pull back is complete and we can start to expect Wave 3 next.

Let's see what happens on Friday when the S&P announce a reshuffle.

This would ...

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$SHOP TOP 20

Very happy with what I am seeing here with $SHOP

A clear test and hold of support on the 0.5 Fib and the yellow trend line and now we are seeing a drift up slowly higher

Controlled and no surprises, I don't need to see any strong bounces or parabolic moves, I just need consistency her...

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$HIMS

Big fan of $HIMS in this group and it has been one of our best performers over the last 2 months

Price action is holding up well but still some resistance has been found at the 1.618 Fib which is where we have our Wave 3 level.

RSI is also painting a story for us too, the last time th...

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HSI

HSI started the day strong and finished flat at the close, we can see clearly on the chart that the trend is starting to develop, pushing higher each day and most importantly staying above the 0.38 Fib as a support level.

This is an exchange, so you can not expect more than +/-1.5 % movemen...

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$ONON

We are starting to see the buying pressure cooling down here and it has happened exactly where our Wave 3 target was set.

I have added in the green Fib levels now, which is where I expect Wave 4 to pull back to.

Important to note that the 50 Day MA is exactly at the 0.5 Fib now and I ...

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$WULF - WATCHLIST -

$WULF has jumped +22% today and there is no changes to our chart here

The price action is getting tight now into this wedge and back above the 50 and 200 Day MA now too.

The breakout level of this wedge is at $2.60, so if the bulls can convert this level to support then we are into th...

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$MRNA - WATCHLIST -

I have just uploaded the $PFE chart and it is worth reminding the group how good $MRNA looks now too, we have been following this closely. We now have the perfect test on the 0.38 Fib and a strong bounce.

The 20 Day MA was on the 0.38 Fib, making this a confluence level too.

My only i...

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$PFE - WATCHLIST -

$PFE continues to be on our watchlist and the first pull back since testing the 200 Day MA has come down to the 0.5 Fib and the 50 Day MA and has bounced strong since, the price action is right back at the 200 Day MA now and I believe if the bulls can convert the 200 Day MA to support then $PFE h...

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$TGT - WATCHLIST -

$TGT has managed to hold support on the 200 Day MA and above the 0.5 Fib at $142 and has bounced since.

I am watching now to see if this is Wave 2 complete.

Usually we wait for the 0.618 Fib to test but with the 200 Day MA cutting in between the 0.5 is enough for a Wave 2 to end.

<...

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$SPOT

$SPOT managed to pull back to the 0.236 Fib and the 50 Day MA and bounced, the combination of both this Fib level and the 50 Day MA meant this was a strong confluence level and the price reacted very well and did not need to come down to the 0.38 Fib which would be the standard Wave 4 pull back l...

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$SOFI

$SOFI continues to move down this descending wedge and this apex is getting tighter now.

We can see that the 50 Day MA has lined up with the wedge top line now too, so we know this will be an important level for the bulls to break out of.

Flipping this level will be an indication that...

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$AMZN TOP 20

$AMZN has tested its 0.618 Fib after losing its 50 Day MA and has so far held on this support level.

I am undecided as to which direction it will go next, if the price can hold the 0.618 Fib and move up to the 50 Day MA and flip this level to support, we could be looking at a strong run nex...

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$PYPL TOP 20

Did $ARK finally get their timing right here?

$PYPL is definitely in the supply zone so there is a lot of shares available along this consolidated price, so it did make her decision easier

We are seeing a bounce on the 200 Day MA now and shortly we should get a test of the 50 Day MA ...

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$ABNB TOP 20 - WATCHLIST -

I see the comments in the group chat and I agree, this is looking good here.

Slowing drifting higher after holding support on the 200 Day MA and the yellow support line and starting to reel us in here.

$ABNB is another one of those stocks which moves very well and has impressive funda...

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$DAL

It still amazes me how strong this stock is.

The first pull back since the start of the year, retested a breakout level and the 50 Day MA and bounced as clean as you'll get

It does matter what the stock is:

When they have strong fundamentals and $DALs are one of the best in the ...

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