The Long Investor

$NIO TOP 20

$NIO's nemesis has been the 200 MA on the 1hr chart in Feb, and we can see that it has rejected twice at this level on the 16th and the second retest from below on the 21st....this then caused $NIO to drop hard last week.

Good start to the week so far and there appears to be another retest ...

$BIDU

$BIDU is positioning itself now for its earnings before the market opens on Weds. 

The price action has broken out of its wedge and is now sitting on the 50 Day MA in preparation.

The pull back in early Feb also held very comfortably on the 0.618 Fib at $102.

This is exactl...

$BTC TOP 20

5% Jump today, along with $ETH and other leading cryptos and none of us here are surprised.

Subwave 4 is complete now and we are moving up to our Wave 5 target at $57k at the 2 Fib.

This would be the standard Fib level to complete at, like I said from the last upload, if Wave 5 goes e...

$YINN

A very very clean breakout from this wedge now and no retest just yet.

We can see that the price broke above the 50 Day MA and the wedge at the same level at $17.60, so it is absolutely vital that we see a retest of this level before committing to this ETF, which is a 3 x leveraged China ma...

PLANNING FOR A MARKET CORRECTION

i have spent the last 4 months adding charts to the SAFE HAVEN folder in Collections to prepare this group for a market correction in the $SPY and $QQQ

I upload the $SPY and $QQQ charts every weekend to show how it is moving and for the last 12 months, we have been monitoring the movement o...

$TLT - SAFE HAVEN - IMPORTANT -

$TLT is certainly considered a safe haven if the market corrects.

I need to make this point absolutely clear.....you don't need a buy alert from me to start a position here at any stage.

$TLT will not make you a tremendous amount of money over the next 6 - 9 months but it will slowly ...

$BN - WATCHLIST -

$BN has been requested again and although there are no changes to the chart, it is worth bringing it to the attention of all the members right now as the chart looks very comfortable in this Impulse Wave.

It has been a few months since I last uploaded this and it has been moving very well, ...

$ETHE

The Grayscale Ethereum Trust continues to look bullish here and although there will be pull backs along the way and we have been waiting for them on the main $ETH chart, there looks like a clear intention here for this to move back to the top blue line at $47, as I highlighted 6 days ago here. 2024-02-26 15:42:31 +0000 UTC View Post

$IWM

$IWM has not been moving with the $SPY and $QQQ for the last 18 months and has only found its feet since November, which suggest to us that this is only in Wave 3 and not Wave 5 like the $SPY.

The 50 Day MA has been a solid support line since the start of 2024 and the price is also above th...

$META - RC -

To me, it really has been the most remarkable recovery, three bearish formations and each time it moved higher and has looked extended and since $200.

So where will there be a potential top?

Taking a diagonal from the tops since 2018, would suggest that there is resistance at $520 and...

$DAL

Moving well today and towards the top red line at $42.70. This is the level that needs to breakout and turn to support in order to get the green light to go higher to our Wave 3 level at the 1.618 Fib at $56.

I am not overly concerned that $DAL will continue moving all the way up to Wave 5 ...

$XBI - BIOTECH ETF -

$XBI has given us a retest of the bull channel it has broken out of, with the assist from the 50 Day MA and has bounced.

I expect this to continue moving up to the blue line at $101.

A flip of this level to support is a massive gear change from the sector, $101 becoming the new suppor...

$XLV

Who has been adding here?

$CRSP - RC -

$CRSP is testing the blue line which triggers the bull case at $85.

It has been in a long consolidation period since mid 2021 and showing signs now of breaking out. A flip of the blue line to support and Wave 3 is confirmed and a route up to $117 is next.

$CP

I do a lot of research on the Best Investors on Wall St and watch what they are buying and selling and $CP keeps appearing.

I have uploaded this chart a number of times now and have shown how bullish it looks, especially after consolidating in Wave 4 for nearly 3 years.

It has also ju...

$ACHR

I watch Cathie Woods Buys and Sells every day and her funds continue to add Robo Flying Taxis aggressively over the last few weeks.

We can see that the price broke out of a large wedge in May last year, bounced and formed a bullish flag, with the price so far holding on the 0.5 Fib.

A...

$LI

Up 8% in the PM now after reporting an increase in Quarterly revenue but gave a guidance for softer sales for Q1, which is in line with historical data.

$LI has now broken above its 200 Day MA and has been moving well so far since its local low at $26 and is now at $38 in the PM.

I sa...

$SPY TOP 20

$SPY had a great week and for the first time since December 2022, the price action was able to break out of this channel and finish the week above this level at $507

For the last 10 months we have had Wave 5 for the $SPY finishing at $510 and we are very close to it now.

We can see he...

$PLTR TOP 20

$PLTR can still move back up to test the $26 level before its Subwave 2 of Wave 3 count starts and I have added in the white fib levels to show where a pull back can come to, if the price tests $26 first.

As always, the aim for Subwave 2 is a pull back to the 0.5 Fib to the 0.618 Fib betwee...

$F TOP 20

$F remains looking bullish and it is pulling back for a subwave now and it is so far in between the 0.38 Fib and the 0.5 Fib. The 50 Day MA is at the 0.5 Fib, so I believe a test of this level will come next.

Holding anywhere between the 0.38 Fib and the 0.618 Fib at $11.68 and $F moves hig...

$DIS TOP 20

I believe there is one more leg up for $DIS too, as the strong climb up post earnings is a hallmark wave 3, which is Subwave 3 of Wave 5.

So the pull back now over the last week or so is Subwave 4.

I have Wave 5 completing at the standard 2 Fib to complete Wave 5....there is no reason...

$INTC TOP 20 - WATCHLIST -

Very clear here, if $INTC gives us a retest of the blue line at $42 and it holds again, for the 7th time, then you have your buy signal.

I struggle to see how $INTC will be left behind as $NVDA, $AMD and $TSM continue to look bullish and move higher.

$INTC continues to be on the watch...

$NKE TOP 20

$NKE is still battling with its 50 and 200 Day MA and until this level is flipped to support, we can not rules out the price moving down to the Wave C level or at least a test at the yellow historical line at $95.

Ex-dividend date is due on the 1st of March, it is certainly worth holding th...

$COST TOP 20

There is very little for me to add here as this chart has not changed and has not changed in some time now....its reaching for the 3.618 fib at $765 and a correction will come here too.

ABC correction has been added and will likely move with the market too and finish in October.....buying $...

$QQQ TOP 20

$QQQ showed a lot of strength this week and this is down to $NVDA carrying the market and raising all boats together.

We also uploaded this during the week to show how the subwave 4 pull back aligning perfectly with the 0.38 Fib at $422....so this leads me to believe that our projection rem...

$TSLA TOP 20

I am not really seeing any other set up here bare what I have already highlighted here for the last 2 weeks....the RSI at the bottom also corresponds to my thinking too.

The 50 Day MA at the 1.618 FIB will be interesting, we expect Subwave 3 to reject here to come back for Subwave 4 but any...

$MSFT TOP 20

$MSFT is showing some early signs of a Head and Shoulders pattern at our standard Wave 5 completed level, in between the 2.27 - 2.618 Fibs.

This is a bearish indication which usually indicates the top too....so we are seeing the price action slowing down at the standard Wave 5 Fib level, a ...

$BTC TOP 20

ABC correction has been added here too with Wave 5 completing at the standard Fib level at 2 at $57,000

This would have $BTC finishing with no extension or chasers coming in.....which seems a little far fetched because crypto bros tend to chase this but for now, lets plan for $57k being the...

$AMD TOP 20

I think the Semi/AI bullish train is still moving forward and $AMD has been enjoying itself

There was signs of breaking out and holding above this bullish set up last week but just finished the week back in the flag at $176.

This is looking good for a break out this week and moving up...

$GOOG TOP 20

In last weekend's update, we were watching for $GOOG to hold its 50 Day MA and for $AAPL to recapture its 200 Day MA.

$GOOG has been able to do this comfortably while $AAPL remains in the fight.

$GOOG also managed to hold above the yellow support line too and bounced, which was also t...