The Long Investor

$DAL

Another retest of the ascending triangle diagonal support line today and bounced, to finish right at the breakout level again.

Any positive movement tomorrow will break this out once again and the battle to stay above $42.70 continues.

I remain bullish on this and I like how the suppo...

$XRP

Ok First hurdle has been broken today and the price aggressively broke through the $0.66 resistance and the next text will be between $0.75c and $0.77c.....this is the big one for me as it will mean it has broken above a level where it has not been since 2021.

I will certainly be adding wit...

Top 20 Reallocation - Summer 2024.

I will look at removing up to Three Charts from the Top 20 List this summer and adding in Three new ones.

Please share your views here

Which Three (or one or two) would remove and Which Three (or one or two) would you add?

The Top 20 list has been created with an intention to ...

$SQQQ

Rest assure I am watching this closely and we are seeing some consolidation now along the 0.5 Fib at $10.28

Still below the 20, 50 and 200 Day MA tho

CPI day is tomorrow so I expect some volatility.....if the CPI print comes in hot then in the short term at least this will bounce but ...

$XPEV

I am reluctant to show any counts for $XPEV or $NIO right now until I see firm confirmation of a reversal because they have disappointed us over the last year with constant breakdowns, so for now, we are watching $XPEV for awareness of the sector.

It is moving well and in line with $NIO and...

$CLSK

The standard calls come in for $CLSK today after a red day but I hear very little when it jumps 20%

Folks we know this is volatile, so you have to take the strong pull backs along with the strong bounces

But remember its general direction

So let's discuss this here:

What h...

$AFRM

$AFRM continues to hold the 0.38 Fib at $37 which is the ideal level to hold for a Wave 4, as long as the price holds this level, this can move higher to complete Wave 5 as shown up to $58.

$PYPL is again testing its break out level and $SQ is looking quite strong too....as the US 10 YEAR c...

$ZS - WATCHLIST -

I like the look of this chart, Wave 3 hit exactly at our 1.618 Fib target at $259 and is pulling back now and testing the 0.5 Fib for support today.

Failure to hold this level and we can see that the 0.618 Fib is on the 200 Day MA now exactly at $180, so this is a strong confluence level. 2024-03-11 20:17:18 +0000 UTC View Post

$ONON

$ONON earnings report is out tomorrow before the market opens and overall the structure is clearly bullish.

So a positive beat tomorrow with no surprises and this is on a fast track route to our Wave 3 target at the 1.618 Fib at $39.

Any blemishes from the report and the price can dro...

$BLDE - WATCHLIST -

Very clean breakout now which we highlighted last week, above the 200 Day MA and 50 Day too.

Those who did not catch this may have to wait for a retest to a higher low next but I see this moving higher to our First Target at least over the next few months.

Very nice chart here

$BIDU

$BIDU will not be left behind if the HSI reverses and although it failed holding above this wedge post earnings (in spite of a beat) it can make another attempt shortly.

I am still in my position and down -6% right now, a breakout and hold this time at $103 and I will add to my position to ...

$CQQQ - WATCHLIST -

The Chinese Tech QQQ is still massively suppressed here and well below its mean reversion channel.

We saw this on a lot of the US Mega Cap stocks in 2022, that whenever the price dipped below their channel, it was an opportunity to add.....and when we retrospectively look at this from the p...

$YINN

Very nice breakout of the bullish handle here in the PM and up +4.8% in the PM now after a good start to the week for the HSI.

No changes to the chart here and very nice hold of support on the 200 MA now here on the 1hr chart. 

And on the daily chart, this translated to a hold on...

HSI

HSI will test you and that is what it did last week when it pulled back.

But as we can see, it held support on the 50 Day MA and has now bounced and the price is testing the upper limits of this small bullish channel.

The price also finished the day above the larger channel too. ...

$NIO TOP 20

$NIO is remarkably above its 200 MA on the 1hr chart now in the PM, I want us to be optimistic but we need this to continue after the opening and most importantly stay above the 200 MA at $5.77, a breakout and retest to confirm support is all we need to see today or over the next few days and thi...

$ORCL

$ORCL earnings report is due after the close today and this is a reminder of its chart, there are no changes to the last upload but it is worth reminding of its bullish trend and our impulse count.

Price is also above the 200 Day MA leading into the earnings release too and above our blue l...

$TSLA TOP 20

$TSLA I am not recommending as a buy right now in its current state, support has not been found and it finished the week making a lower low, so support will need to be found first before buyers will be attracted back here.

I believe they will come back again as they normally do but with $AA...

$SPY TOP 20

$SPY is very similar to the $QQQ chart, looking extended now and rejected at our Wave 5 target on Friday at $516 with the sell off in the Semi Sector.

I believe there may be more rotations into smaller sized companies so the $SPY may not fall at the same time as the $QQQ as the rotation con...

$QQQ TOP 20

Wave 5 could also be complete here too as the price has struggled to stay above the 1 Fib at $444.

It will likely come down to how $NVDA reacts tomorrow in the PM and at the opening.

If it continues its sell off then I believe the $QQQ will not stay in this position and start pulling ...

$PLTR TOP 20

$PLTR is moving comfortably in 5 subwaves here and I believe subwave 5 is completing shortly and an ABC correction is due next.

We can see that there was a high made in Sept 2022 at $29, this could be the trigger and act as a resistance level for a healthy pull back.

My Wave 3 target ...

$DIS TOP 20

Our Wave 5 was hit this week at $114, very happy with how this has moved and I hope many members are happy with their position here, especially those who bought in the buy zone under $84 and those who trusted the chart when it pull back for Wave 4 and held at $90.

I am watching for a break ...

$NKE TOP 20

$NKE could not hold the 0.618 Fib this week and the hard rejection at the 200 Day MA for the month of Feb is taken its toll now.

$96.19 is the next big test and just below this is the historical support line.

Any loss of this level and the Buyzone level under $82 is in play, which I w...

$BTC TOP 20

$BTC has created the perfect Cup formation now after going above its previous ATH and what we want to see next is a pull back for its ABC correction which would complete the handle of the formation and also give us another great entry to buy to hold long term.

Aiming for the 0.5 Fib at $42....

$INTC TOP 20

What we want to see here with $INTC is capital moving from $NVDA and $AMD to $INTC now to catch Wave 5 higher.

This is not a clear cut proposal and the sector may get dragged down now but $INTC's chart remains healthier than $NVDA and $AMD right now in the short term, especially as it holds...

$AMD TOP 20

Quite remarkable what happened here on Friday, the 1.618 Fib level at $220 was broken and on the immediate retest of this level, the price did not hold and rejected hard, along with the Semi Sector....this 1.618 Fib is an incredibly important and reliable target level and one that I respect enorm...

$PYPL TOP 20

Continues to be on the wrong side of the channel but not breaking down from the structure yet.

I did sell 50% of my position in $PYPL this week and will stay in cash until I see a breakout of this channel and most importantly getting above the 200 Day MA at $61.50 which has been a difficult...

$MSFT TOP 20

$MSFT continues some sideways movement again this week as the market contemplates which group $MSFT belongs to....$AAPL and $GOOG or $AMZN and $NVDA.

For me, they all pull back shortly either way and $NVDA showed aggressive signs of starting on Friday, with a $240 Billion pull back in marke...

$GOOG TOP 20

$GOOG and $AAPL are giving us very well structured corrective waves now and when they are controlled and disciplined like this, we can take advantage of them.

In our last update we said that Wave A can complete at the standard 0.38 Fib or on the 200 Day MA, there was a clear hold of support...

$BABA TOP 20

Bounced on the blue line this week, making this the 5th time since November to bounce on this level which means it is a demand level. The price action has also made a high low again now since its low at $66 in the middle of Jan.

We still need to see more here tho and getting out of the bear...

$ABNB TOP 20

I spoke during the week about my admiration for this company and chart and how it continues to behave as we expect and is on track to be our biggest earner for the year.

We have kept it very simple with $ABNB since the start of 2023, buying at the bottoms of each pull back and selling at th...