The Long Investor

$TSM - WATCHLIST -

You can't ask for more than what $TSM is doing right now.

Continues to fly under the radar while people focus on $NVDA and $SMCI and now $PLTR.

While this has jumped from $85 to $123 and has not gone parabolic yet either....which may be coming soon.

No changes to this chart and ...

$SE TOP 20

$SE has been enjoying itself out there, jumping from $35 to $43 now, making new highs and into the first smaller gap now.

Closing the gap to $45 will achieve the first real test for $SE in about 9 months.

The larger gap starts at $49 and will likely be met by the 200 Day MA here too.<...

$BABA TOP 20

We needed no surprises from $BABA's report as the market from China is on a knife edge and $BABA reported a slight miss on earnings:

3Q REV Yuan 260.35B, EST Yuan 261.25B....a slight miss but seen as unfavourable for the market at the opening

In spite of another raise to the share buy...

$PLTR TOP 20

$PLTR has jumped from $16 to $23 now post earnings and although it is following our normal chart very well.....I must highlight this bearish chart as a balance because this bearish channel now has developed in the meantime.

The price is just testing the top level of the channel and the blue...

$F TOP 20

$F is about to report shortly and is having a strong day, so the market may be optimistic - so this is the bullish view if the report is as they expect.

Wave 2 came in and completed on the small 0.618 Fib so we have Wave 3 going up to the 1.618 Fib in green at $15.42

This would be an ...

$ENPH

Earnings due after the close today.

$ENPH is still having a tough time at our blue line at $113 but there is still a possibility of holding a higher low now or at the 0.78 Fib just slightly below.

A strong report today and this could bounce too and the bottom could be in and we can ad...

$DIDIY

Didi is a Chinese ADR that could benefit greatly from a Chinese market reversal.

Wave 2 held 0.65 Fib and has moved sideways over the last 9 months as the market suffered but this has held its strength relatively well.

Any positive trigger in the market and this could continue its mov...

HSI

Continues to move with $BABA, only slight difference is that HSI held the 0.618 Fib, while $BABA held its 0.5 Fib...however both are in the Wave 2 support zone.

We want to see a higher high next from HSI and getting above the 50 Day MA at 16300 and holding will kill two birds with one stone...

$SPOT

Same chart uploaded from 4 days ago, showing that this was in Wave 3 and moving very well.

$SPOT reported earnings today and has beaten and up +6% now too.

Wave 3 target remains at $312 at the 1.618 Fib

I see very little in its way to moving to Wave 3 over the next few months. 2024-02-06 15:30:06 +0000 UTC View Post

$NIO TOP 20

Nice bounce today so far and we can see that $NIO is going back up to test the $5.83 level which was the resistance level and rejection from the last week of Jan.

Bulls have this as their first test now, another rejection at this level and a new low next is almost a certainty

A break ...

$PYPL TOP 20

We said yesterday that $PYPL was getting very tight into the wedge and would need to take a diection today because a price action wont stay in this sideways movesment in a tightening wedge and tightening 50 and 200 Day MA.

So far we are seeing a small breakout to the upside as we lead into ...

$ACLS - RC -

Has moved well from $13 at its Covid low to $200 at its high and is in a well needed ABC correction now.

I do not believe the ABC correction is complete now and this could see a bounce up to the 200 Day MA to complete Wave B before moving back down to complete Wave C on the 0.618 Fib at $84...

$MTCH - RC -

$MTCH reported last week and their EPS jumped by 69%+

Price action is still in the downward trend but showing signs that a reversal is possible here and a breakout of this channel shortly.

I have added in the First and Second Targets if the channel is broken out during this move.

$PLTR TOP 20

The market reacted positive to the earnings and jumped almost 20% after the report and earnings call.

Lets be honest, the report was flat with the EPS hitting estimates and Revenue just ahead of estimates....does that deserve a 20% jump?....this is what happens with $PLTR and $SOFI because ...

$BABA TOP 20

We have been all over this price action and since the potential bottom hit at $66 and went to the 50 Day MA on the 24th of Jan, our focus then switched to the pull back and we noted that the 0.5 Fib on the Blue line at $71 was the level we wanted to see hold to complete Subwave 2....this is exact...

$VZ - RC -

$VZ has had a tough couple of years after losing half of its value while dishing out a high 6.31% dividend too.

Wave 5 in amber found support convincingly on the 0.78 Fib and it has bounced very well.....maybe the dividend payment is very attractive as a safe haven going into this year.

$JETS - ETF -

Is now sitting on the 200 Day MA after holding on the 0.38 Fib in Jan and also above the 50 Day MA too.

So Subwave 2 could be complete here but it is not confirmed until a new higher high is made above $19.44....break above this level and hold and Wave 3 is confirmed for me and the impulse ...

$PLTR EARNINGS:

** Shares of data analytics company Palantir Technologies PLTR rise 14% in extended trading

** On an adjusted basis, the co forecast 2024 profit between $834 million and $850 million, above est. of $658.8 millio...

$COIN

Also got rugged pulled at the opening and managed to hold the 0.618 Fib limit at $114.67.

$COIN is apparently being investigated for a Derivative Suit over inside trading and the market did not like to hear this.

$COIN needs to hold $114.67, it must not go lower than the Wave 1 limit ...

$SBUX - RC -

We have been looking at this chart for the last 14 months and it is still within this very large wedge dating back to the Covid Low and still below the 50 and 200 Day MA, earnings report was on the 30th of Jan and it has halted its plans to break out of the wedge by missing on both earnings and r...

$LULU - WATCHLIST -

Is inching closer and closer to the 0.38 Fib at $428, a hold here and it is a clear buy signal for us.

We can see how well it rejected at the standard 1.618 Fib for Wave 3, so a comfortably hold at the 0.38 Fib indicates to us that Wave 4 is complete and Wave 5 is next up to Wave 5.

$...

$ETHUSD

$ETH is now testing the 50 Day MA from below after consolidating sideways for the last 2 months and still remaining bullish and in the Wave 3 count.

A flip of $2337 and the bulls are firmly in the driving seat and I believe this starts moving higher for our Wave 3 target at $2933 which is a...

$PLTR TOP 20

$PLTR looked strong all morning in the PM and was up +4% at the opening too but it got rug pulled and rejected at the 50 Day MA too.

The market squeezing another 5% from eager buyers who are expecting an earnings beat and strong bounce after the report is released later.

Market makers...

$NIO TOP 20

Can not seem to find any support and the resistance level we highlighted last week has not helped the situation and has now lost the yellow wedge line support level.

This is what we did not want to see and the next area at play is the gap between $4.74 and $5.

$NIO continues to report...

$EL

Earnings report came out this morning and the market clearly likes what it sees and up 15% right now:

** Shares of cosmetics giant Estee Lauder EL up 17% to $156.2

** Sto...