The Long Investor

$MSTR

$MSTR is quickly approaching its 1.618 Fib at $401, after a strong bounce yesterday at +13%

This is not the first time that $MSTR has front run $BTC.

As always, the 1.618 Fib indicates that Wave 3 is coming to an end and it has done this very quickly, so I have had to bring forward t...

$OKLO - NUCLEAR -

$OKLO is a nuclear fission developer, I have gone through a number of charts in the nuclear sector this morning and $OKLO offers the best RvR right now, as others have already run quite strong.

Issue with $OKLO is that they are not long on the exchange and they are not generating any income...

HSI

I am impressed with HSI's perfect 3 wave pull back since hitting the blue line and I am seeing this current wave as corrective wave and nothing else

As we know, when there is a 3 wave pull back against the trend, this means we are in a larger impulse wave.

Price is in between the 0.5 ...

$BABA TOP 20

$BABA is red in the PM right now but on the chart it is another test of the 0.618 Fib exactly at $87.08, this is also a blue support line, which means it has been a strong resistance/support line in the past.

I have no issue with $BABA building up strength and consolidating above this line,...

$SMCI

Up +33% in the PM now after their update to the Nasdaq that they have appointed an auditor.

You would assume that the auditor has preliminary seen the books before agreeing to take on this case....if they have not, this would be a big risk for all involved

The big concern here is if t...

$NIO TOP 20

We have managed to hold support on the 0.78 Fib at $4.50 and we have a higher high in the PM, the big test coming up will be the 200 Day MA just slightly above at $5.

Earnings tomorrow, so we may see some positive movement today but it is unlikely to move any higher until their earnings rep...

$CLSK

Remember structure > price always......I would always rather see a structure be strong then an unstable price running in the short term

And this is what we have with $CLSK, we said Wave 5 completed at the 3.618 Fib and I believe this is in its ABC pull back now and already at its 0.5 Fib...

$BTI - SAFE HAVEN - DIVIDEND +8%

It is not 100% clear that this pull back is now complete for $BTI

It is a little short but there is no clear Wave B in this pull back and we have a bounce now

If there is a rejection soon and a further pull back, I expect this to be Wave C and holding in between the 0.5 - 0.618 Fib at...

$SKX - WATCHLIST -

$SKX has a similar set up here as $LULU right now as it pulls back to retest the $56 breakout level for Wave 4.

The price has already tested and held on this line so far in August, so a second test and hold will confirm that this level is now a support level.

Once the price holds here...

$LULU - WATCHLIST -

Nice follow through today from Friday after rejecting at the 200 Day MA and the 1.618 Fib for Wave 3.

The 0.38 Fib is now firmly in sight at $300 and the 50 Day MA is also moving up to this level too.

A hold at this level as we lead into the holiday buying season will be an opportunit...

$DBC - DIVIDEND 5% -

$DBC is a commodity index tracking fund and continues to hold very well above the 0.5 Fib but right now still holding below the 0.38 Fib at $22, where the 200 and 50 Day MA's are too.

Converting $22 to support and we could see a reversal here next into 2025

With a target at $30.

$JASMY

More crypto than normal today but it is moving very bullish and it may be of interest to members.

$JASMY has some sort of cult following on X, so take from that what you wish

That being said, it hasn't taken off yet like the other Alt Coins and has held on the 0.618 Fib very well sinc...

$SMCI

I will keep charting this incase there is anyone still in here

Price has bounced now on the very last Fib level at $17.25, to the exact cent and the price action is testing the blue line now today at $22.70

This is also the level needed to get back into the wedge again.

So conve...

$NFLX

$NFLX had a mixed weekend, they were able to attract 60 million to watch the Jake Paul v Tyson fight (although the real fight was the undercard) but $NFLX had buffering issues.....possible growing pains here as their servers were not able to handle the traffic.

I would assume that $NFLX wou...

$ASML

It appears its not only $NVDA, $AMD, $SMCI under some pressure this week $ASML is also at a critical level right now at its only 0.618 Fib after pulling back from $1100 in July.

The price is also slightly below its 200 Day MA now at this Fib level too.

Like $AMD, this needs to hold th...

$SLV - SAFE HAVEN = SILVER

$SLV $27.57 = $30 on the Silver commodities chart I regularly upload.

$LTC

Although has bounced from $45 to $90 since august to now, the price is still consolidating in this long wedge.

Price is moving with the crypto sector but a breakout above $107 and the next target is $145 and the Second Target is at $205.

This is also considerably below its ATH line at...

$ETH

This is as beautiful as you are gonna get from an impulse wave.

Rejecting at the 1.618 Fib for Wave 3, pulling back very well for the 0.38 Fib

and the 200 Day MA aligning so well with the 0.38 Fib that it disappears into the support line.

We can not ask for anymore.....but I wil...

$RNDR

I have never heard of $RNDR before but I watch you guys talk about it so had to take a look......and the chart does look great here

Blue support line aligns perfectly with the 200 Day MA and aided as support during its last pull back over the last few days.

In Wave 3 now and can stil...

$HIMS - BEAR CASE SCENARIO -

This is not the regular chart I upload for $HIMS but I am looking at both scenarios so we are not blind sided here, the regular chart is the Bullish scenario and rightly so because their earnings, growth and chart remain bullish to me

That being said, I believe shorters really needed this t...

$ADA

From my last upload, I added the pull back levels to watch for, we can see that the 0.38 Fib provided the perfect support level and has since bounce +50% since holding support on the $0.512 level

This is moving fast so I have brought forward the dates to reflect this movement but PT's remai...

$NIO TOP 20

$NIO finished the week at $4.50 and has opened in the PM healthy this morning.

I have added the RSI indicator to show how oversold it is right now and it is sitting at 33, as we know, anything below 30 would historically mean oversold and that correlates to the decline from $7.60 to $4.50 2024-11-18 10:38:09 +0000 UTC View Post

SILVER - SAFE HAVEN -

Silver continues to hold above the important $30 level, we can see that there has been a perfect flush down to the 0.618 Fib at $29.73 and to the 150 Day MA and bouncing immediately, the price is back up to test the 0.5 Fib right now at $30.72

We would like to see this level flipped to supp...

Earnings & Economic Data This Week Ahead.

Important earnings for us this week:

The BIG ONE: $NIO....ok $NVDA but both fall on the same day so that will be eventful for us, before and after the market opens.

Mon: $TCOM
Tues: $WMT, $LOW

Weds: $NIO, $TGT, $NVDA, $PANW, $SNOW

Thurs: $BIDU, $PDD, $DE

So plenty...

$SPY TOP 20

$SPY is also still holding up very well in spite of the pull back on Friday

All that we can see is that the $600 level hit exactly and met some resistance.

Price is still above its previou ATH green line at $565, still in the rising wedge and still above its 50 Day MA.

The only ...

$QQQ TOP 20

I uploaded this chart on Friday just in case there was any concerned members going into the weekend thinking the market had started its correction.

We can see that the green line did not hold, which was the previous ATH line

But the price action is still in the rising wedge and still ...

$V TOP 20

$V for me is the markets glimmer of hope as it is a barometer of consumer spending and the chart continues to look strong.

With that being said, $V only has a dividend of 0.76% and are not buying back shares at any significant amount.

If it decides to start a program of doing both or ...

$TSLA TOP 20

I am not seeing much concern for $TSLAs chart right now and it must be said again that it has not been following the market or the other Mega Caps for the last 2 years in a Bull Run, in fact it has struggled a lot of this time

And really only started to show strength in April this year.

$SHOP TOP 20

The reason why I haven't added $SHOP again until it pulls back is solely down to its fundamentals, it is not attractive at these levels, chart wise it is ok but I still see no Subwave 2 of Wave 3 yet, so I am keeping to my strategy.

I am happy with my gains right now but I am not adding at ...

$SE TOP 20

$SE has run very aggressively to the Wave 5 zone this week post earnings, even though it was not without some flaws.

Price also rejected fairly heavily too at $117 and fell to $100....this could signal the reversal to the downside with such strong selling.

I have added in the white fi...