The Long Investor

$PAYO - WATCHLIST -

$PAYO I uploaded at the start of the week as a potential to watch for a positive earnings release.

I said I use this service with Patreon and although it needs to be improved, it is a little cheaper compared to its competitors and they could improve on a few small things.

Report came ...

$SHOP - POTENTIAL TOP 20 ADDITION -

We got very excited about $SHOP in November when it took off on a very strong parabolic move from $45 to $91 in 3 months and we said that we will not chase this move but show patience and wait for the ABC correction to come in.

Further to that, we said that $SHOP should be considered as a T...

SILVER - SAFE HAVEN -

I added SIlver again this week as the price has tested the $26 level on the 0.5 Fib and on the 50 Day MA, we wanted to see the $27 recaptured and so far the price is doing very well holding above this level.

Those who have not added when I did should also be encouraged to see this higher le...

$HIMS

Some profit taking today and after the market opened yesterday and we can see that the price is back down to the 0.5 Fib $11.40, exactly at the price it was at before the earnings were released.

We speak a lot about the market always giving us a second chance and this is another example, so...

$YINN

$YINN is another popular chart amongst our members and also strictly following the HSI and the Chinese ADRs we follow regularly.

Price is also pulling back and likely to test the 200 Day MA today at $24.30, which is just above the 0.38 Fib, we can also see that the 0.618 Fib is at $21.52 wh...

$BTC TOP 20

$BTC and $ETH are in similar formations but in different counts.

$BTC made a new ATH, while $ETH was significantly short of its ATH line

We can see a rejection at the top trend line here and likely we will test the $59k level next here on the 0.236 Fib, failure to hold here and this m...

$ETH

It looks like the price action and the 200 Day MA and destined to meet each other at the wedge trend line or the 0.5 Fib at $2800, making this a very strong confluence level.

We saw this happen on the $TSLA chart and saw how well $TSLA bounced on this support level too.

I will likely ...

$BABA TOP 20

So we have $NIO back at is support line and now we have $BABA exactly at its red support line too at $77.70, exactly on this price.

Happy to see this, indicating to us that the market is also aware of the significance of this line as a support/resistance line.

I am not overly concerne...

$NIO TOP 20

Right back at the blue line now at $5.30 in the PM now, so nice movement so far, again its difficult to see this move on the daily chart but I want to use this chart to show where the 50 Day MA is right now, as it sits between the 0.38 Fib and the 0.5 Fib at $4.90.

So lets not be surprised ...

$AFRM - EARNINGS JUST RELEASED -

$AFRM reported a double beat with EPS beating by 38% and revenue ahead by 4.7% and up 4% in the PM now.

The bullish move leading up to earnings was an indication that the market was expecting a positive beat, there was some manipulation last night as certain people wanted cheap stocks befor...

$SE TOP 20

We can not be more accurate than this folks with $SE, it has hit the green line which was the August '23 high and is pulling back with the asian markets too.

Earnings report is out on the 14th of May, so I believe this can accelerate the pull back if the report is not 100% flawless, what we...

HSI

I have to show this HSI chart on the 1hr chart because on the daily chart, this small decline over the last 2 days is not even visible, so the 1hr chart shows a bit more of a curve down.

I have added in the White Fib levels now to show us where support can come for this Subwave 2 of Wave 3 ...

$BYON

$BYON reported their earnings today and it was a double miss with their estimated EPS missing by 34% and the share price sunk by -24%.

Back down into the channel and after a fake breakout from the channel in March.

Bulls will want to see $13.67 held or this can drift down further down...

$CFLT

$CLFT has just reported and up +7% in the AH's now, a reminder of the chart we have uploaded for $CFLT.

There are no changes to this chart but I believe it is in a large ABC correction as the bounce since the blue line at $16 has not been an impulse wave for me, that being said, it is follo...

$HOOD

Very little has changed for $HOOD in spite of the peculiar timing from the SEC yesterday that they are investigating certain transactions from $HOOD, right before a very important earnings and right after social media was turning extremely bullish for $HOOD leading to earnings.

Either way, ...

$PDD

$PDD has been the darling of Chinese ADRs for the last 18 months and completely broke away from the Chinese downward trend and kept pushing higher and now is also benefiting from the Chinese resurgence.....a very healthy position to be in.

No changes to the chart and we can see it is on tra...

$PTON

I eluded to the possibility that $PTON has become so cheap right now that you would expect some strong sports brands would be considering adding this to their ecosystem....and news dropped today that a consortium was considering making a bid for the company, share price jumped on this news and is...

$DKNG

Observing a Head and Shoulders pattern here for $DKNG and hitting the same resistance as Jan at the 1 Fib at $45, this is what we want to see to get this to move down to the lower white fib levels for Wave C.

200 Day MA has not been tested yet either in spite of a miss on earnings, which ha...

$SPY TOP 20

The 0.78 Fib level is at $518.29 and the high of the day today hit $518.29.....so the market is communicating that it knows exactly where this important level is and understands the significance of it, especially in relations to how it behaved at this level in Sept '23 too, where it exactly hit t...

$BMBL - WATCHLIST -

$BMBL has their earnings out tomorrow after the market closes.

There has been a small bit of consolidation along the $10 line and has broken out of its smaller wedge moving towards its 50 Day MA.

The reason why I have brought this to your attention again is that I have noticed a conti...

$NIO TOP 20

Same game plan for $NIO as it is for $BABA and $BIDU....all three are in similar syncs right now and showing signs of starting their subwave 2 now.

50 Day MA is also at the 0.5 Fib here too at $4.80, making this a strong confluence level

The blue line is also at $5.30 which we know wa...

$CROX - Earnings just released -

$CROX just released:
~EPS: $3.02 vs $2.23 est

 ~SALES: $939.00B vs $881.71B est

~See's Q2 revenue up +1-3%

~See's Q2 EPS $3.40-$3.55. vs $3.47 Est.

A comfortable beat across the board but price is down -2% in the PM now...

$DDOG - Earnings just released -

$DDOG is down -10% now post earnings, in spite of a double beat but thanks to StocksNerd, we can see that the FCF has decreased by 4% and again, the market does not like to see cash flows slowing down.

This is likely the cause of the decline.

That being said, the price has broken dow...

$CELH - Earnings just out -

Earnings have just came out and it has initially dropped -10% after missing considerably on Revenue but beat on EPS.

No surprises for us however, just like $DIS, we expected more of a decline to complete Wave A too which still sits on the 0.38 Fib and the 200 Day MA, making this a strong co...

$TLT - SAFE HAVEN -

$TLT continues to move higher and has recapture the descending wedge and the 0.618 Fib, this is likely down to the US 10 YR continuing to reject under 4.7%.

As long as this continues, $TLT will move higher, they are directly inversely proportional to each other.

$TLT for me will alway...

$DIS TOP 20

Double miss on earnings today from $DIS and the price is down -6% now in the PM, which is perfectly fine with us as the price is moving towards our Wave A level on the 0.38 Fib.

There have been no changes to our $DIS chart for a number of months now, so it is great to see our plan coming to...

$BIDU

Chinese ADRs are finally pulling back in the PM now and just in time I believe, I get a little on edge when Wave 1's run to strong, I am happy to see this in Wave 3 but not at the start of an impulse wave.

I have added in a potential impulse structure now in green

We can see that the ...

$PLTR TOP 20

$PLTR is hurting in the PM now after a noble earnings report but Free Cash Flow has declined and the market does not like to see this happen, they carry a lot of weight on the fundamentals on FCF.

Guidance for '24 remains strong and even improved, I don't see anything in this report to meri...

$RIVN - RC -

$RIVN report after the close today and the price is already up +5% in the PM now.

We observed for the month of April $RIVN holding on the 1.27 Fib at $8, holding very well it must be said, so right now it is still in a descending wedge but has broken above its 50 Day MA right now in the PM....

$SMCI

With $NVDA performing well today, it might be worth considering the other Semi's that have been lagging considerably and $SMCI and $AMD would probably be my top 2

A break out of this channel for Wave B is certainly possible and Wave B can go all the way back up to the previous high and stil...