The Long Investor

TWEET: $AMD TOP 20

$AMD Impulse Wave is still valid but bulls are struggling.

 I am still holding 200 WMA is at $113 0.618 Fib is at $120

Support needs to come in soon, otherwise I will add below the 2...

$AVGO - RC - WATCHLIST -

It has been a long time since I charted $AVGO but it has been consolidating in this ascending triangle since May and continues to make higher lows now.

So a break above $186 (price is at $183 now) and it is into the Bull Case and the extended next Fib level is the 3.618 Fib at $230

+2...

$LYFT - WATCHLIST -

Big test now for $LYFT

3 wave pull back to in between the 0.38 Fib and 0.5 Fib levels, which is also where the 50 and 200 Day MA's are at too, so big test in this confluence level

If $LYFT can hold above $15 then it can reverse and move up to the blue lines at $20.78...above these lin...

$RLX - WATCHLIST -

Very very nice set up right here.

We have a triangle breakout at $1.85, followed by a retest of the breakout level, which is also the 200 Day MA today at $1.86 and so far holding and bounced on this support.

I have not changed this chart and the targets remain in place, with $2.80 bei...

$COIN

Another test and bounce above the 1.618 Fib at $296 over the last 2 sessions

The triangle is starting to look messy so I have removed it

As long as the price holds above the 1.618 Fib I believe this will move higher with crypto until the end of the year.

$369 remains the target....

$COST

$COST has made it to the $1000 mark today and what a run it has been, not cheap here by any stretch but people found solace in $COST and their money was safe.

Price is extended now at the 3.618 Fib nearly, so I have added in Green Fib levels now if it decides to pull back with the market so...

$OSCR

Right shoulder did not hold on the green 0.618 Fib and the larger white 0.38 Fib

So it is down to test the next Fib level and that is the green 0.78 Fib at $14.36

We just need to see a higher low above the November low.

I am holding but not adding again until this pull back find...

$QQQ TOP 20

A lot of the Mega Caps performing very strong today and a number of them making new ATH's too

Very happy to see $NVDA holding up as well and this is crucial for the Melt Up scenario to play out properly.

Price is testing the top line of the rising wedge now, so a hold above the 1.27 F...

$SMCI

Right back down to test the 50 Day MA which was the important breakout level with the descending wedge top line.

Price is still above the blue support line and 50 Day MA now too

But needs to hold this level now at $37 if it wants to go to the 200 Day MA at $68.

A lot still depen...

$AUR - RC -

Nice looking chart here with a Cup and Handle formation

Price is comfortably in the Bull Case now and retested the bull case line to go higher too.

Could be looking at a strong move here shortly and ultimately moving up to the top line again at $14.

NESN - RC - SAFE HAVEN -

This is a requested chart but has flown under our radar and a lot of peoples because it is based in Switzerland

But that being said, there is a lot to be bullish about here over the next 2 years.

Price has moved up very well in 5 waves since the 2024-12-11 13:58:59 +0000 UTC View Post

$OKLO

$OKLO is failing to find momentum so this ABC correction may not be complete yet

We are seeing lower lows now too, so a retest of the blue support line from early November is possible next.

Failure to hold here and the next levels to watch for are:

0.5 Fib at $16.82

0.628 ...

$BABA TOP 20

I said yesterday that I wanted the price action to drop a little bit more to $89 or below so we can get a proper test of the 0.618 Fib at $87 and we could see a flush down to this level at the opening today

A test and hold between $87 - $89 today and I will add.

$BABA is still underva...

$JASMY

A 3 wave pull back since hitting our Wave 5 level is certainly visible now and the pull back came in between the 0.5 - 0.618 Fibs, so this is as standard as you'll get.

After a pull back of this nature, we are looking for signs of a reversal, so higher highs and higher lows and recapturing ...

$ETH

$ETH is still above its $3700 line, having dropped below it twice now and recovered both times instantly.

So the market is aware of the significance of this line and this is why we have a battle going on at the $3700 level.

Both options are still open here, failure to hold this import...

TWEET: $SPY

Possible best to worst case scenarios when the market corrects after Wave 5 completes.

$CNDT - WATCHLIST -

Very nice and simple looking chart here.

Price has consolidated above the 0.78 Fib at $3 since the end of 2022 and it is starting to bend higher in this Cup and Handle formation now.

The 200 WMA is the level that needs to be flipped to support at $4.50 and then this will allow the pri...

$SOXL

There are no changes to the chart here but it is worth sharing this again to show where I have Wave C and this has been in place for months now.

A break down out of the wedge is not a good sign, followed by a rejection below the wedge and the 0.618 Fib over the last week.

A flush down...

$DDOG

Another perfect example of Wave 3 finding resistance at the 1.618 Fib along with a lot of the charts I have been sharing today.

I have added the pull back levels now, so a 3 wave pull back to between the 0.236 - 0.38 Fib levels between $152 - $142 would offer another opportunity to add be...

$CHTR - WATCHLIST -

3 wave pull back observed now and holding on the 0.5 Fib and the 50 Day MA at $366 today, followed by a strong bounce.

I believe this is in Wave 3 and can reverse to the upside.

Price action continues to make higher highs and higher lows too.

A break above $415 will confirm the ...

$CLSK

Still under pressure below the 200 Day MA and the $15 line and has rejected here a number of times now

So do not be surprised to see a flush down to a lower low, to the 50 Day MA at $12.35 or the 0.618 Fib at $11.75 before it can reverse

A test of the 0.618 Fib is as standard as you'l...

$HOOD

We are seeing a lot of resistance at the 1.618 Fib now this week which is as standard as you get for a Wave 3 and $HOOD is no exception

Just like the $IWM and $UAL charts I uploaded, a pull back here for Wave 4 between $35 - $31 would be ideal here and offer a great opportunity to add to ca...

$UAL

$UAL has arrived on schedule at the 1.618 Fib and for me this is Wave 3 likely completing now, as there has been some resistance met at this point already.

A pull back into the Wave 4 range now over the next few weeks should allow $UAL to move higher towards Wave 5 at the 2.618 Fib at $149....

$BA

$BA has now bounced from $137 to $166 today and we said once the 50 Day MA was converted to support, there would be a run up to the 200 Day MA and this is what we are seeing right now, with the 200 Day MA at $170 now

We are likely still in Wave 1 here too, so once this completes, possible a...

$IWM

Small caps have been feeling the pressure this week and we can see on their chart that this is down to a rejection on the 25th of November at the previous ATH level at $245, which we had set at Wave 3.

For me this pull back is Wave 4 and I think the pull back will continue to in between the...

$HIMS

$HIMS continues to consolidate under the $34.85 level and is testing the 0.236 Fib level now again today

The ascending triangle was starting to lose shape so I am showing a consolidating channel now between the top line and the the low at the end of November.

I will be happy to see $H...

$AMD TOP 20

I trimmed here yesterday because a two year support level was breached and I made it clear on the chart and in my commentary for the last few weeks that if the $131 level is triggered then I will trim.

We also have a lower low now so the impulse wave we were monitoring could not be valid in...

$NVDA

$NVDA has been consolidating sideways now since the middle of October along this green $141 level.

Price action has been able to use important support levels to stay up, by using the 0.38 Fib and the 50 Day MA, so converting the green line to support can come but there certainly appears to ...

$GOOG TOP 20

$GOOG having one of its best days since April after it revealed to the world yesterday how powerful its Willow chip is, a quantum computing chip that seems to be extremely powerful against its closest rival.

$GOOG has made a higher high now and as I discussed at the weekends update, it is m...

$NIO TOP 20

$NIO bounced up to the blue line yesterday at $5.32, which was also the 50 Day MA and found resistance.

We can see that it has pulled back to the 200 MA on the 1hr chart now for a test of support, along with the other Chinese ADRs.

Retesting levels from above is something we always wa...