The Long Investor

$MSTR

Exactly at the First Target so this has been a great success since breaking out of its bull flag at the start of October

It is not uncommon to see a pull back at the First Target if the bulls can not flip this level to support next,

A pull back could bring this back to the blue line at $201, a hold here and you ha...

$ZS - WATCHLIST -

$ZS has just broken above its 200 Day MA which has been a resistance level since April, we still need to see a breakout followed by a retest of this level at $194 to confirm that it is a support level

There has been 2 fake breakouts at this level since June too, so we need to see confirmation before we can confirm a mov...

$SOFI

Man we are good at this!

$COIN - WATCHLIST -

Ok $COIN is looking ready as $BTC makes its move today

Pull back since Sept has held on the 0.618 Fib and has bounced now and above its 50 Day MA

You are still early here tho and have not missed the run

I believe $COIN can move up to its 200 Day MA and to its only resistance line at $204 in line with $BTC t...

$NIO TOP 20

Ok lower low has been made now which confirms the bearish short term trend.

So I think it is reasonable to expect a test of the next Fib support level at $5.66

But also paying very close attention to the massive confluence level now at the 0.618 Fib, where the 50 and 200 Day MA's are merging towards.

This is...

$OXY

Rejecting at the 50 Day MA today, so this could signal the end of Wave B and we are getting our Wave C pull back now, with the target between the 0.5 - 0.618 Fib as always

A hold in this range and adding to your position here makes sense.

$BIDU

$BIDU has flushed down at the opening and we can see that it is reaching for the 200 Day MA which is just above the 0.5 Fib at $100.

I would like to see a hold at this confluence level, otherwise there could be a larger drop, likely down to the 50 Day MA at the yellow trend line at $90.

If this is the case then I ...

$HOOD

The ABC pull back between July - August took only 20 days and was a difficult ABC count to view, even on the hourly chart it is not a clear 3 waves movement but the pull back did complete exactly at the 0.618 Fib at $14 and bounced very well

I would not enter a position that does not have a clear ABC pull back like this...

$VSCO - WATCHLIST -

Ok Gurgavin has said online that he has started a position in $VSCO and I have got a few requests for the chart

I have to admit, it it looking very good, here are the reasons:

1. Held support in October 2023

2. Broke out of the downward channel in August 2024

3 Held a higher low in August 2024 too

$HIMS

$HIMS is within a few cents of making a higher high in the PM now, any information that drops regarding weight loss regulation has been influencing the share price in wild swings and this will likely continue but as long as the trend continues in the manner expect (which is a move up to the blue line at $25 over the next few ...

HSI

Another test and hold on the 0.38 Fib level today as the market was awaiting some economic data out of China which will be released each day this week.

It will give us more insight into whether China can achieve a +5% GDP growth for the year and what measures China must take to achieve this growth rate.

We are lik...

$ETH

I have added $ETH this morning because I am starting to see a break way from the 200 WMA.

The 200 WMA is currently at $2340 and there has been 5 tests of this support level since Sept.

We always talk about firm support confirmation and 5 tests over 6 weeks is as a firm test and confirmation for me.

Price has...

$QQQ TOP 20

$QQQ is still at its 0.78 Fib at $494, $NVDA has broken out but $MSFT has been struggling and $TSLA also did not help this week dropping -8% on Friday,

That being said, earnings season is heating up and it usually brings some wild swings before and after big reports, so this is very little stopping this from testing its...

$SPY TOP 20

Relatively tame week ahead for the economic calendar compared to this week and this is likely due to the earnings season in full mode now.

Big reports we are watching will be:

$UNH $NFLX 2024-10-13 19:01:48 +0000 UTC View Post

$V TOP 20

$V has its Golden Cross now and is above the 0.5 Fib and there was a slow drift higher this week but still managing to hold below the 0.38 Fib

With this hold the advantage goes with the Bulls right now and we should not be surprised to see this start to move higher over the next few months as the price continues to hold...

$TSLA TOP 20

$TSLA had everyone's attention this week and truthfully I liked the 10.10 day, I think there was a lot to take from it but the market and followers of $TSLA have become increasingly frustrated, probably as the market pushes higher and the other Mega Caps, while $TSLA is still down significantly from its ATH level

But th...

$SHOP TOP 20

Our third rising wedge evident this evening and this is very tight and strict.....we have been waiting about 2 months for this to break down and it still keeps pushing higher, such is the appetite here and not somewhere where we chase

The Buy Zone is clear and I have set forward my strategy every weekend for the last 2 ...

$SE TOP 20

$PYPL, $SHOP and $SE are all forming rising wedges right now....which is great for us to see, so we can add if they break down

It is important to say that $PLTR also had a very strict rising wedge but broke to the upside, so this is possible too.

$SE has also overextended its 1.618 Fib now, so I would proceed with...

$PYPL TOP 20

$PYPL is still making higher highs and higher lows but we can see that it appears there is a rising wedge forming here which is typically found in Wave 5 too.

$PYPL can still move higher to the 2.618 Fib level at $86 before rejecting and moving back down to our Amber Fib levels

A full pull back to the 0.618 Fib at...

$PLTR TOP 20

$PLTR has overshot the 1.618 Fib at $41 and is making a strong attempt at hitting the previous ATH level at $45.

I have added the 0.38 Fib at $33, with the assumption that $45 will be tested and there will be some resistance here.

The 0.5 Fib is at $30 which I believe would really entice people to add if there was...

$NKE TOP 20

Still holding above the 50 Day MA and the 0.5 Fib but battling at the $82 level which we know is a support/resistance level.

Holding above $82 and Bulls will feel more comfortable and I would expect a move up to the 200 Day MA next at $90

I have added at this level here so you know what camp I am in and I will con...

$MSFT TOP 20

$MSFT and $TSLA are the only Mega Caps we cover in the Top 20 that do not have a Melt up scenario as the charts are not showing this possibility right now.

$MSFT has 3 clear waves since potentially bouncing at Wave A, unlike $GOOG which only has 2 waves so far.

Price is still below the 50 and 200 Day MA here too, ...

$INTC TOP 20

$INTC has pulled back to the 0.5 Fib so far and has since bounced and is moving back up to the 0.78 Fib at $24, which is also a support/resistance line.

If the price action can convert this level to support then we could be seeing signs of a reversal here

If the price action rejects at $24 then I would expect a pu...

$GOOG TOP 20

We showed this potential Inverse Head and Shoulders pattern during the week if the 200 Day MA is not held, it conveniently aligns with the 0.618 Fib at $156, so if there is a flush down to this level and it holds, it would not be a bad level to add to at least catch a bounce for Wave B.

The market and the $QQQ are pus...

$DIS TOP 20

$DIS is still in Wave 3 for me and we got a subwave 4 pull back this week and held support so far.

It appears that our Wave 3 target is aligning with $DIS's report date too, so we could see a movement up to this level as earnings approach, followed by a Wave 4 pull back

Holders only need to see this continue in an...

$BTC TOP 20

Everyone is probably sick to the gills with seeing this chart now and the commentary so I believe everyone is familiar with where $BTC is right now.

Most importantly I am seeing the price action getting squeezed between the 50 and 200 Day MA right now.....and as we know when this happens, a direction must be taken and u...

$BABA TOP 20

$BABA still showing relatively strength against the Chinese positions we regularly upload, the price has found support on the 0.236 Fib and has tested this level 3 times now

We could see a further bounce from here but we want it to reject from making a higher high and come back down to the 0.38 Fib

This is the the...

$AMZN TOP 20

$AMZN had a good week this week going from $180 to $188 and back up to the important resistance/support line to finish the week

Holding above $189 is what we want to see next, this was not achieved on the retest at the end of Sept so this time we need to see it happen, two rejections staying above $189 will likely cause...

$AMD TOP 20

This was a hot topic this week and we covered it a lot, so I won't waste time laboring on it this evening when we have a lot of charts to go through.

Chart is moving as expected and we got a simple retest of the $164 blue line and the 200 Day MA on Friday

No concerns with this.

$ABNB TOP 20

Very happy with how this has been moving and so far we have the test at the $236 level for Wave 5 and the price finished the week below this level so I have added in the White Fib levels to show where a pull back can come to and noticing that the 50 Day MA is cutting in between the 0.5 - 0.618 Fib levels now too between $123 ...