The Long Investor

$RIOT

Crypto miners are deeply in their long consolidation period now and into their 2nd year of this very long descending wedge.

What we have seen from these long periods of consolidation is that the breakouts tend to be fast and aggressive which does align with the crypto sector.

But unti...

$LULU - WATCHLIST -

Has now given us a very good 3 wave ABC pull back and went as low $331 this week, just shy of the 0.5 Fib

The very obvious support zone is the 200 Day MA in the middle of the 0.5 and 0.618 Fib at $320, so this level can not be ruled out right now for a test but if $LULU can find support her...

$SBUX - WATCHLIST -

Big test now for $SBUX, it has got caught up in the selling this week and this has allowed the price action to retest the large triangle that has been in place since 2021.

A successful hold on this level and a market reversal to the upside and this is a buy signal to catch the remaining par...

$AAL - WATCHLIST -

$AAL is moving like a lot of stocks right now, retesting a support level and we can see that it is a confluence level at this 200 Day MA, with the 0.618 Fib and amongst the breakout range of this 4 year wedge.

$AAL needs to hold support now in this range between $12 - $14 and if the market ...

$VSCO

Is back under its red channel breakout level at $21.30 which is also the 0.78 Fib from this pull back, again we can see that this pull back has been fast and harsh and still waiting to find support since the decline started in the middle of December.

That being said, I believe $VSCO can fin...

$TSLA TOP 20

$TSLA has descended now since the middle of Dec and still searching for support, price is below its 0.618 Fib and the ascending triangle line at the same level at $272.

Crucially, $TSLA is also close to testing its 200 WMA at $248.

This was a resistance level for the whole of 2024 and...

$BTC TOP 20

I'll admit that the Crypto Strategic Reserve reveal was not as show stopping as many thought it would be, as the US is just converting $BTC they already own from confiscated illegal activity and holding it in a reserve, the positive is that they do not intend to sell any which limits supply and ...

$QQQ TOP 20

The 50 WMA and the 0.618 Fib are both at the same level right now at $483.

This is therefore an important confluence level that the bulls and bears will both be watching closely.....as the $QQQ is now below its 200 Day MA and has not retested this level from below yet.

The key for me ...

$SPY TOP 20

Oddly, in spite of the volatility and pressure on the market over the last 2 weeks, there is no changes to our chart.

We have been monitoring this closely and we are ready for whatever the market throws at us.

The 200 Day MA was tested again today and even dropped slightly below befor...

$OSCR

Today was not the day for any company to breakout and turn bullish and $OSCR will need to wait another session or two for this to happen.

We can see a pull back from the breakout level but holding nicely on the 200 and 50 MA on the 1hr, which is also the 0.38 FIB at $15.50.

$OSCR has ...

$HIMS

$HIMS has lost the important $36 level today after a double catalyst blow and Wall St jumping on the news with lower PT's, they managed to get their way at least in the short term and have been able to drag this down.

Worst case scenario for us is that this pull back from $72 is an ABC corr...

$RDDT

Very similar to $NVO, $CAVA, $ANF and $PLTR HERE

5 Impulse waves up and Wave A looks complete now and holding on the 0.38 Fib as we have seen on the charts above

A hold here and Wave B is next for me, followed by a further decline for Wave C as shown.

$RDDT has run since its I...

EUR/USD

A number of people have asked about the EUR/USD because it has popped over the last few days but there is very little concerns on this chart.

Price is still below the 50 and 200 WMA's here and in this long 17 Year Wedge.

Only when the price has broken out at 1.12 would I consider the ...

$TLT - SAFE HAVEN -

We need to strongly consider that after every major economic correction since 2008 Bonds have shot up to record levels

While the price continues to be at record lows now and substantially below its 200 WMA at $110.

Dividend here of +3.69% too.

Price has also held very w...

US 10 YR

In the last update we shared that the 10YR had dropped back into the wedge and fell below the 200 Day MA but we can see that yesterday there was a recovery and the price is already back above the 200 Day, the wedge support line and the 0.5 Fib.

We need this is drop lower for the market to g...

$LAC - RC -

It has been a long time since I last uploaded this but the chart has continued to follow our projected theory, which shows that a break down from a descending wedge typically falls the length of the largest width in the wedge.

So unfortunately here there is still a risk of a fall down to th...

$FCX - RC -

Some consolidation here since 2022 and has rejected trying to breakout out above the blue line at $52 in early 2024.

Price has been able to hold above the 0.618 Fib on this pull back but this must be maintained now to allow for a retest of the blue line again next.

Flipping $52 to sup...

$CAVA

Another example of a perfect chart and something that should be studied to see how an impulse wave and corrective wave works, when combined with Fibonacci levels and technical analysis.

5 straight forward impulse waves higher, followed by a corrective wave, and down in 3 perfect waves too.<...

AF - AIR FRANCE -

So the longest descending wedge in the market finally broke out today and is already up +22.5%

This is a chart we have been monitoring for some time now and the moment the resistance line cracked, this took off (pun intended)

No changes to the chart or Target Levels but I am just bri...

$AMZN TOP 20

Ok this is the 1hr chart, so you won't see the 200 Day MA at $198, where the price held support on this week.

But I need to show you the 1hr chart for clarity now.

We have a run up to the 50 MA on the 1hr chart and some red in the PM now, this could signal that the first wave bounce i...

HSI

A very very clear retest of a strong resistance/support level on the blue line at 22.717 and now there is a bounce and a higher high.

$BABA could not go any lower than $126 because the HSI held this suppport.

And so far this Wave 3 for both the HSI and $BABA have been very aggressive,...

$ASML - TOP 10 -

$ASML has not been feeling the same heat from the Semi sector as others lately, particularly $NVDA because it has already completed a standard pull back and is sitting right on its 200 WMA right now.

The market is likely comfortable that $AMSL is not overvalued and there is little benefit t...

$BIDU - WATCHLIST -

I will continue to share this chart in this bullish set up and believe $BIDU is in a strong position to follow the HSI and Chinese ADRs higher next, after finding support on the 0.618 Fib and now back above the 50 and 200 Day MA's now.

A retest of the 200 Day MA at $90.40 would be welcomed ...

$SG

Continues to hold on the 0.618 Fib at $20.93, even with the rollercoaster 5 days of trading we have had, earnings are now out of the way too and the pull back from $45 to $21 could be factored into the share price now.

As long as the price holds above the 0.618 fib at $20.93 then a reversal...

$YINN

You know the drill folks, if $BABA moves, $YINN moves higher with it.

We can see that $YINN is being kept under its First Target now, so flipping this level to support at $46 and there is a run ot the Second Target at $71 next.

$BABA I believe will need to make a higher high next to ...

$PYPL TOP 20 - WATCHLIST -

Folks I am quite bullish on $PYPL here in the Buy Zone now and have added twice now over the last week.

RSI got as low as 17 today which is almost at historical lows for $PYPL.

Holding above the blue range support line and the 0.618 Fib at $67 is somewhere I am confident about accumul...

$VSCO

Reports after the close today and the price has sunk to the 0.78 Fib today at $21 in anticipation for these results.

They have not missed on earnings since 2023.

I am struggling to see what the concern is now before the earnings are released.

RSI on the daily is at 14 now.....I ...

$DAL - WATCHLIST -

I like $DAL and I like $AAL here.

Both have retested their 200 Day MA this week and and in $DAL's case it saved it from infringing upon Wave 1 and it was also the triangle top line too at $54.

Wave 3 was standard at the 1.618 Fib and Wave 4 looks good if it can hold here.

Wave 5...

$ANF - TEXTBOOK CHART -

Beautiful textbook chart and something we can learn a lot from.

Impulse Wave completed in 5 waves.

Wave A then pulled back to the 0.38 Fib (often confused as a Wave 4)
Bounced then in a corrective manner and in a bearish triangle

Broke down from the triangle and dropped right...

$BTI - DIVIDEND OF 7.5%

Still one of the best looking charts, best performing low risk stocks and one of highest rewarding dividend stocks.

A big earner for many members here since the start of 2024 when we called Wave X completing at $28.

Price has once again used the 50 Day MA for support this week and bou...