The Long Investor

$TSM

$TSM up +5% now and no changes to the chart since the last one I uploaded.

Looking at this now, the movement has been very straight forward with the Wave 4 pull back to the 0.38 Fib as standard and now bouncing, back above the 50 Day MA and has now made a higher high.

I expect $TSM to...

$BIDU

$BIDU has not followed the HSI today and is -1.7% down as of writing this which bodes well for our abc Wave 2 move down.

We should be watching to see how the price action tests the 0.38 fib at $107, which is also the same level as a larger 0.618 Fib, failure to hold this level and the price...

$CL - SAFE HAVEN -

Textbook.

No further words are needed here.

$ARKK

Is $ARKK about to turn this around?

Price has been consolidating within the blue line range since early 2022 and had not looked like building an impulse wave until the start of November 2023.

Since then, the price has bounced up to the top blue line again and has pulled back in a bul...

$HD - RC - FORMER TOP 20

$HD has been moving well in the Bull Case, it has already tested the First Target and pulled back to test the triangle breakout level, where the 200 Day MA was waiting to offer support too, making this a confluence level....since testing this level, the price has bounced and I would not be surpri...

$PFE

$PFE has so far been holding on the blue support level which has been a support level since 2013.

We are still waiting for a high higher to be made and a higher low to confirm that this will reverse next.

On the Daily chart, the price is above the 50 Day MA but on the weekly chart, we...

$COPX - SAFE HAVEN -

$COPX has broken above the $47.20 level which has been the high for the last 3 years but we want to see a bounce above the level and retest of this support level to confirm the breakout.

We can see on the Silver and Gold charts that they follow this movement very carefully, respecting Fib l...

HSI

HSI has now made a higher high, after a very slight pull back, this bounce from the 0.5 Fib to complete Wave 2 is now very aggressive and would be out of place if it wasn't in Wave 3, this may continue higher to the 1.618 Fib to complete Wave 3 before any meaningful pull back now.

This may...

$AER - WATCHLIST -

Ok we have a situation here where both technicals and fundamentals align here remarkably well to show that this is undervalued right now with a 40% upside for Wave 3 available here over the next 10 months.

PE of 5:

NET MARGIN: 44%

I particularly like the Wave 2 hold between the...

$JMIA - RC -

This is for Adam because he's had the patience of a saint waiting for this

He has been correct, this pulled back nicely for Wave 2 and held between the 0.618 - 0.78 Fib above the 200 Day MA, marking this an ideal area to hold for Wave 2.

Bouncing very strong since holding, and broke a...

$BIDU

I am not buying the pull back for Chinese ADRs as complete just yet, it is just too shallow for me and I only see one wave.....I would be more leaning towards Wave 1 still climbing then Wave 2 being complete.

Ideally we want this bounce now to be Subwave B of Wave 2, meaning we will get mo...

$AFRM

$AFRM having a stronger day today after a volatile pump and dump yesterday after the earnings, always the concern when reporting before the market opens but as we can see, the structure stayed in place and it looks like we got another test of the 200 Day MA for the third time yesterday before bou...

$XPEV - RC -

$XPEV has now pulled back to its 0.618 Fib after its bounce with the market and sector last week.

Bulls will want to see the 50 Day MA recaptured again at $8.50 and then ultimately a breakout of this large wedge it has been in since its ATH level.

Breakout level for me right now is at...

$DAL

Operations normal for $DAL, back in this steady climb again after a flat day yesterday which is hardly recorded on its chart.

We will need to see how $DAL behaves at this very popular Wave 3 level at the 1.618 Fib at $56,

$MSFT TOP 20

$MSFT is the Mega Cap that is following the market the most.

It is still being held down by its 50 Day MA and has not broken above this level for the week.

It has also bounced quite strong so may need a breather too, with CPI and PPI next week, do we believe that the bulls can push th...

$ABNB TOP 20

Another look at $ABNB without EWT and on a simple support and resistance level chart, we can see that the pull back today was also to the ascending wedge breakout level (convenient that it was also the 0.618 Fib)....so with the 200 Day MA coming up to meet this level, it would take A LOT for the ...

SILVER - 5 YEAR PROJECTION -

A reminder of how I see Silver moving for the next 5 years if it continues to move in this very controlled impulse count.

The trigger to confirm this will be flipping the $30 level to support and this will confirm Wave 3 for me.

I have been building my Silver position as long as the m...

$ABNB TOP 20

One thing I have learnt over the years is that each chart has its own personality, you get used to their movements, either it's the type of person who buys this particular stock, or the sector its in or how institutions behave but you get a feel for their movement.....and $ABNB has never let me d...

$PLTR TOP 20

I think the red ABC correction is becoming increasingly likely here and the 200 Day MA will be the limit for us, so we are looking for a hold at this confluence level, losing this level and there will certainly be weakness but a hold here and we have been given a great opportunity.

I partic...

$HIMS - WATCHLIST -

I have just sent my buy alert out for $HIMS in the chat group.

This is my second buy for $HIMS, so I still have three more buys to complete my strategy.

I am open for this to test the 0.618 Fib close to the 200 Day MA at $10 but also will add when the 50 Day MA is flipped to support.<...

$HOOD

Not even the SEC could stop this Wave 4 completing, assisted by a strong (very strong) earnings report too.

Wave 2 was textbook, Wave 4 was textbook and the move has been controlled and steady.

They don't always look like this but when they do, it's a beauty to watch.

$UAL

My overall aim here for this group is to find you undervalued stocks to invest in, that will give consistent returns, so I always like to find positions that look strong for the next 1-3 years and beyond.

$UAL is one of them right now.

It also has one of the strongest fundamentals in ...

$BMBL - WATCHLIST -

$BMBL I spoke about a lot leading up to earnings and highlighted how their margins have been improving, in spite of the decline in share price which is usually the sweet spot to find an undervalued position.

$BMBL is not typically a stock I would recommend but if the set up is there, you co...

$FUTU - WATCHLIST -

Continues to behave very strong and up +5% in the PM after a shallow pull back too.

The blue line will be the defining factor here for me at $72.

Flipping this to support and the bulls can push this significantly higher, as shown from my First and Second Targets.

Ideally a retes...

$RBLX

$RBLX is taking a big beaten in the PM now after lowering its guidance for the year.

** Co sees FY24 bookings between $4 bln and $4.10 bln, down from prior forecast of $4.14 bln and $4.28 bln

** Forecasts FY24 revenue between $3.45 bln and $3.53 bln, below Wall Street view of $4.19 bl...

$BABA TOP 20

HSI had another strong day after only slightly pulling back over the last few sessions, economic data from China was stronger than expected and also the Chinese Policy makers decided to eliminate a tax on dividend payments....which has been welcomed by Chinese investors, who tend to favour divide...

$HASI - WATCHLIST -

This was our commentary on $HASI on the 30th of April:

'I am highlighting this again because since I uploaded this last, we've had a retest of the trend line from above and held support with the assist of the 200 Day MA, so a successful conversion and confirmation of support now.<...

$ABNB TOP 20

$ABNB report after the close today and this is the plan:

A flawless beat (particularly watching the FCF margins) and this should survive holding above the $155 level and can start comfortably moving up to the Wave 3 target at the 1.618 Fib at $208.

If there are any misses or concerns ...

$SPY TOP 20

Definitely appears to be a battle on our hands here at the 0.78 Fib at $518.29.

Price level got tested yesterday and held short of breaking out, price has not been able to retest the level again today as earnings continue to churn out with some wild swings.

$SHOP being the obvious off...

$LABU - 3 X BULL BIOTECH ETF -

$LABU we have to admit is looking very well here.

Broke out of the long wedge in December and has perfectly hit the First Target level already at $180.

It has now given us our pull back and has held in between the 0.618 and 0.78 Fib, little weakness there but the 200 Day MA has recove...