The Long Investor

$ZS

$ZS is at a very important level right now.

Holding on the 200 Day MA just above the 0.618 Fib, this is where the bulls really need to fight to hold onto this level now....the count would not be invalid until it goes below $161 but losing the 200 Day and 0.618 Fib together is a sign of weak...

$HTZ

$HTZ is testing a strong confluence level again now.

Testing the 50 Day MA from below and the wedge breakout level at $7.80.

A break and hold above this level and there are signs of a reversal here for $HTZ.

First Target is the red line at $9.70 and a successful hold above this ...

$PLTR TOP 20

$PLTR is still struggling at its 50 MA on the 1hr chart and below the 0.38 Fib at $23.

I think a drift down to the 0.5 Fib next at $21.58 is a strong possibility here and naturally I would buy the moment it hits this level and shows support but with CPI and PPI tomorrow, we need to expect t...

$NIO TOP 20

$NIO has got a breakout above the 50 MA on the 1hr chart which has been a thorn in its side since the 15th of March and kept the price drifting down.

We have not seen a retest of this MA yet but this would be ideal before moving higher to test the wedge breakout level.

It appears that...

$ETH

$ETH back testing the wedge breakout level to the Dollar now.

We still have a higher high and higher low so far and the price is above the 200 MA on the 1hr chart and the wedge, so the bulls are still in control here.

Unlike $BTC which has broken back down into its wedge for now.

$RBLX - RC -

$RBLX is back in its tight wedge now but just sitting on its 200 Day MA now for support as the price action awaits its earnings report again at the start of May.

Two positive reports in November and Feb have helped move this along sideways but a third positive report could be the catalyst n...

$SBUX

$SBUX is still in its very long wedge which has been in place since April 2020, which is the Covid Low.

The price remains below the 50 and 200 Day MA and the price is about to touch the bottom trend line in the wedge at $85.

Losing this level and the price could have a difficult time ...

$MELI

$MELI and $SHOP are almost identical right now and moving very well down through their Wave A's right now.

The 200 Day MA is also the level I am expecting Wave A to complete at $1432 before getting a relief bounce for Wave B.

With $SHOP and $MELI following each other, this is how I wa...

$KO - FORMER TOP 20 -

$KO has been in this red channel since March 2022 and continues to drift down through after rejecting trying to get above it in March.

We have unorthodox inverse head and shoulders forming here, valid with the aligning neckline at the top.

So I would be watching for a breakdown from t...

$LULU

$LULU's aggressive earnings dump has completing broken down the structure and in a clear ABC correction now, in line with $AAPL's take on the market.

$LULU has still not found support yet as it has lost the 0.38 Fib but a relief bounce is due, which I believe is a good opportunity for holde...

$IBKR

A reminder again of this very bullish impulse count and how it has not changed in over 9 months now.

X focuses on $HOOD but interactive brokers just continues moving in a strong projection as shown and I see very little resistance from here to the Wave 3 target at the 1.618 Fib at $131.

$LABU - RC -

$LABU has been moving very well in our structure, perfectly hit the First target level at $1.80 and has pulled back now to retest the 200 Day MA at $110, so a hold of support on this important moving average and this can resume its movement back up again to the First Target.

This is a 3 X l...

$MATIC - RC -

$MATIC moving steady and has had a 3 wave pull back since topping out at $1.30....its set up is very similar to $ADA right now too.

Wave C is still the target for me at $1.75 and as long as the price stays above the 200 Day MA at $0.80c, I believe this looks good to continue higher with the...

$U - RC -

$U bleeding appears to be slowing down and support is starting to come in between the 0.78 - 0.88 Fibs which is the last line of defence for support before the previous low is tested.

$U's decline is likely down to the selling pressure experienced by $AAPL right now

But I believe $AAP...

$TMDX - RC -

This has been requested by a number of people lately so I was surprised to check that no changes were needed here when I reviewed the chart.

Price has bounced strong on the 200 Day MA and moving towards our Wave 5 target as shown, last upload was on the 10th of the March and there are no ch...

HSI

HSI continues to test the green line for support, which is the historical support line which has been in place since 1998...so it is not a surprise to see this trend line being an important test.

We are seeing higher lows but have not seen a higher high since the 13th of March, so this is w...

$COPX - SAFE HAVEN

Copper Miners ETF.

So if you missed, $BTC, $ADA, $ETH, $SOL, $MATIC, GOLD and SILVER....we may have another one for you, Copper.

This chart has been uploaded before and there is remarkably no changes to this and the price has held the ascending triangle bottom line and has bounced fro...

JASMYUSD - RC -

Very nice wedge formed here and testing the upper limits of the trend line today at $0.22c, a break and hold above this wedge and we have Wave 5 confirmed and a move up to the Wave 5 target at the 1 Fib at $0.038 is possible next.

We have seen today that $BTC and $ETH broke out of their res...

$SHOP

Very happy to see $SHOP pull back in this controlled manner after hitting our Wave 5 target.

$SHOP is certainly on our short list to be added to the Top 20.

Wave A looks inevitable here to complete at the 200 Day MA as shown....and ultimately pull back further after Wave B is complete...

$BLDE

Well this has been a ride.

40% bounce now since the post earnings slump.

Back out side the the wedge again and above the 50 and 200 Day MA

Looking for a break above $4.25 next to make a higher high and this is looking good to continue to our First Target at $6.20

$YINN

$YINN is up 3% today and forming and very strict triangle here.

The breakout level is $20.80, so bulls will need to flip this level to support in order to move this higher.

Next test for me would be the 200 Day MA at $25.80.

$TSLA TOP 20

$TSLA is the best performer in the Nasdaq today so far but we can see that is still within its descending wedge....which is a bullish formation.

Whatever side this decides to break out of, will decide the momentum, bulls and bears are still at play here.

But it is getting extremely ti...

$TSM

$TSM moving strong this morning after news broke that they will receive $6.6 Billion from the US to build a factory in Arizona.

This also diversifies $TSMs risk of any potential Geo political issues between China and Taiwan, the more factories they have outside of Taiwan, the lower their ri...

$NIO TOP 20

Keeping very strict within the middle of this wedge, the trend is showing nothing else but moving within this very tight range and smack bang in the middle of it too....not testing a breakout or a break down.

We can also see very clearly that the 50 MA on the 1hr is the dominant moving aver...

$OXY

Small pull back today to the 20 MA on the 1hr chart after hitting the 2 Fib and rejected, which is extended for a Wave 3....as we always aim to see a rejection at the 1.618 Fib but momentum has been with oil price over the last week.

So we want to see a pull back to the 0.38 Fib now to $64 ...

$PYPL TOP 20

Triangle breakout today which is impressive considering the 10 YR is still green for the day and looking strong unfortunately.

So we can see that the price action is testing the blue line at $66.50 from below here now, this level for us needs to be flipped to support, it has failed twice to...

$DAL

$DAL performing well today to start the week and lead up to earnings on Weds.

I like how $DAL has pulled back in 3 waves since hitting the trend line and the 1 Fib at $48 but I am still watching to see if there is a rejection here at the 50 Ma on the 1hr chart or a second rejection at the y...

$GCT - RC -

Very straight forward Impulse Wave up to the 2.618 Fib and now a pull back for its ABC correction.....Wave A pulled all the way back to the 0.5 Fib and held at $25 and now we have a bounce and rejecting at the 0.236 Fib at $36, all very txt book so far.

I would expect a further pull back sh...

GOLD - SAFE HAVEN -

We decided to go for Silver as our Safe Haven option because it was lagging Gold since November and has finally decided to catch up and has done so in an explosive manner.

Both commodities are still strong options as Safe Havens now, so those who are already holding Gold do not need to do a...

SILVER - SAFE HAVEN -

Silver has continued its impressive run this morning and continues to push higher.

I have white circled the last time it made a run like this and it was also in April 2023, showing a run up exactly to where it topped out this morning.

So I will be watching this closely, we can not rul...