The Long Investor

$BTC TOP 20

$BTC is still holding quite well above the 0.236 Fib after one flush recently when $BTC and $ETH ETFs launched on the Hong Kong exchange, Whales took advantage of this moment and sparked a large selling event but as usual, only to immediately buy again at lower levels.

We must comment on wh...

$BABA TOP 20 - IMPORTANT NOTE -

Big winners for us this week have been the Chinese ADRs, just about every single one of them has experienced extremely strong gains lately, have all broke out of their respective resistance levels and the HSI has been positive for 10 Days straight now.

Let me be very clear here:

WE NE...

$AMD TOP 20

I am sticking to my guns here with $AMD, it has pulled back substantially and although the earnings was a beat, it was not a showstopper and in the same arena as $NVDA over the last 12 months.

$AMD and $INTC still have a lot of catching up to do but they are in the right sector and they are...

$AMZN TOP 20

$AMZN is the only real big change for me this week and when I say change, I just added a possible bullish count in case it breaks above $190.

I really like how $AMZN did not go aggressive like $AAPL and $GOOG and did not play to the market by issuing a crazy buyback or start a dividend, why...

$ABNB TOP 20

An interesting position right now for $ABNB, it has consistently been making lower highs and lower lows but bulls have been able to defend the $155 line and keep recapturing this level whenever it is lost and it has been lost 3 times now.....which is one of the reasons why I sold my position.

$AAPL TOP 20

Big question this weekend will be how the market behaves to Buffett selling 13% of his stake in $AAPL and selling for the second quarter in a row, he got this absolutely right and likely started selling as $AAPL rejected at its ATH and started its Wave A decline.

There is no reason to sell ...

Earnings Week Ahead

A lot of the charts we follow are reporting this week:

MON: $PLTR, $SAVE. $HIMS, $LCID

TUES: $DIS, $CELH, $DDOG, $CROX

$RIVN, $WYNN, $OXY, $TWLO

WEDS: $UBER, $SHOP, $AFRM, $ARM, $HOOD, $ABNB, $AMC, $DUO, $TTD 2024-05-05 16:56:03 +0000 UTC View Post

$BMBL - WATCHLIST -

$BMBL report their earnings on Weds after the close and it has been in a strict descending wedge since the start of 2023.

I have assessed their fundamentals and they are on the cusp of becoming profitable and this could be a trigger to reverse this stock.

Their Free Cash Flow has cons...

$BCHUSD - RC -

$BITCOIN CASH has been a strong performer since the start of 2023 and has jumped from $86 to $718 in this time and is pulling back with $BTC now too.

Price has pulled back lower than $BTC so far and has since held support on the 0.5 Fib at $403.

The 0.618 Fib is looking very attracti...

$HIMS - WATCHLIST - HIGH PRIORITY -

$HIMs is a possible 5 - 10 X here, Fundamentals are improvings phenomenally, margins are fantastic and fair value is nearly 5 X from here now at $49.

CEO's comment may have helped this to move down more which adds to the opportunity here.

Earnings are due out on Monday after the close...

$HOOD

$HOOD like $IBKR is moving very well at the moment as a lot of attention is on the market right now.

Holding on the 0.38 Fib here above $16 and managed to finish the week back above the 50 Day MA which the market was not able to do.

Wave 5 target remains at $24 as shown.

$IBKR

Brokers will benefit in good and uncertain times as people over trade in times of volatility, the very essence of volatility means more active accounts, which is why we are seeing $IBKR continues to move as we have projected and on a fast track route to our Wave 3 target at the 1.618 Fib at $131....

$DOGE - RC -

I can't fault how $DOGE has been moving either, Wave 5 hit and has pulled back to the 0.618 Fib for Primary Wave 2 and just above the 200 Day MA.....so it is moving perfectly in an impulse wave, I would only expect weakness here if the 200 Day MA is lost below $0.11c. But right now it is moving a...

SILVER - IMPORTANT NOTE - SAFE HAVEN -

Silver acting as reliable as you would expect.

Pulled back in controlled manner to the 0.5 Fib and has finished the week just above this level and waiting for the 50 Day MA to meet the price action.

What we want to see is this moving average offer further support to the price action ...

$PAYO

$PAYO have their earnings out before the market opens on Weds, it's a payment processing company which I use as part of my Patreon service....to be honest, the service could be better but the fees are better than its competitors but the service needs to be improved if I am being honest.

The...

$BABA TOP 20

$BABA This is very straightforward for $BABA now:

2021 Free Cash Flow level was $2...

$SHOP - WATCHLIST -

$SHOP I believe is the next company to bounce for Wave A after convincingly holding on the 200 Day MA now 3 times, so support is confirmed here for me

We can also see that the 50 and 200 Day MA are closing in on each other too, usually this means a strong move will be next....and of course ...

$WULF - RC -

Very neat wedge here formed after holding on the 0.887 Fib for Wave 2.

Crypto companies have stalled and consolidated lately and $BTC's fate is still being decided and there are heavy outflows out of $BTC ETFs at the moment.....but I think when $BTC finishes its correction, it will carry th...

$TLT

$TLT is finishing the week on a bounce after the US 10 YR took a well needed pull back today.

We can see that the price action here has gone back above the 0.618 Fib and back into the descending wedge after having a difficult week.

We would need to see more to confirm that this is sta...

$SE

Continues to move in its own world and very strictly in this impulse Wave 1, approaching our projected limit at the August '23 high.

Earnings are due on the 14th of May too.

This has been an almost 100% jump since its low at the start of the year, so I would expect some pull back shor...

$PTON

In this strict downward trend after a catalog of bad catalysts lately, including the CEO stepping down and back to back negative earnings for the last few years.

Up 12% today post earnings but has not tested its 50 Day MA at $4 yet or the wedge breakout level, I think until these levels can...

$MELI

$MELI has been textbook, completing Wave A between the the 200 Day MA and the 0.38 Fib which is as standard as you get from a Wave A pull back.

Bounce now is also in line with $AAPLs bounce for Wave B, the faster this correction completes, the faster it can move higher.

Wave C for me ...

$NIO TOP 20

$NIO letting off a little bit of steam today and this is not a bad sign, like I said with the HSI this morning, its been a powerful move and we don't want any further parabolic moves, we want controlled and no squeezes. Traders and chasers want sequeezes so they can get in and get out and then th...

$AFRM - WATCHLIST -

Beautiful here from $AFRM, US 10 YR cools down today and post $SQ earnings and $AFRM breaks higher above its 50 Day MA and looking strong

No changes to our chart

But note the very strong confluence level at the bottom of the wedge, at the 200 Day MA and inbetween the 0.5 - 0.618 Fib, ...

$SPY TOP 20

$SPY tested exactly at the 50 Day MA at the opening today, the bounce was helped by a weaker jobs opening report.

So far the price has held under the 50 Day MA for a second test of this important moving average.

A hold here below this level would mean for the second week in a row, the...

$FUTU - WATCHLIST -

$FUTU has broke out like all the other Chinese ADRs this week and with a lot of strength.

Tested its blue line yesterday but so far holding below this $72 level for now.

There was already a retest of the yellow line at $64 and bounced 11% yesterday.

If you are lucky enough to ge...

$HIMS - RC -

$HIMS CEO has come under fire this week for supporting the Pro Palestinian camps in Universities across the US, his views are his views and he is entitled to them but he is seen as the CEO of HIMS whenever he speaks, not as an individual.

I believe this pull back here is likely in an ABC co...

$VICI - WATCHLIST -

I need to highlight this again because quite simply their margins and fundamentals are so strong that when interest rates do come down $VICI will likely move very aggressively to the upside but over the short term, there is a possibility to accumulate here and benefit from a dividend payment of 5...

$MA - WATCHLIST -

I have been doing some research this morning on stocks that have been beaten down lately and in oversold territories and $MA is sticking out like a sore thumb.

Fundamentals are incredible but with one issue, a high PE of 35 and FWD PE of 26....but it does deserve a higher premium because of...

$PLTR TOP 20 - ADDING SHORTLY -

$PLTR has its earnings after the close on Monday, so today and Monday are the last 2 days to buy before earnings.

We have waited and watched as $PLTR continues to hold support at the 0.618 Fib perfectly for this Wave 2 pull back and there is little more we need to ask of $PLTR right now lea...