The Long Investor

$V TOP 20

Just a recap:

• Pull back has come back to the 0.618 Fib and the channel breakout level

• Held above the confluence level too

• Bouncing away from the level too

• Golden Cross about to take place this week

Wave 3 is quite high at $365 at the 1.618 Fib level to...

$TSLA TOP 20

Big week this week for $TSLA, on 10/10 they are due to release information on their FSD capabilities, it is unclear how much is going to be revealed at this event or if a working prototype will be available but there is certainly a lot of anticipation building for this date.

We can see clearly on the chart that the pull...

$SHOP TOP 20

$SHOP is starting to look a little slippery here and moving above the 200WMA at $81 now

I have zoomed out to show where Primary Wave 3 can go to to remind us of the big picture and with an average below $60 we are doing very well.

If $SHOP can convert the 200 WMA to support then there is a possibility that we don'...

$PYPL TOP 20

$PYPL moved well with the market on Friday and came back up to test the 2 Fib again at $79, it has still not made a high high yet.

I also can not rule out Wave 5 completing at the 2.618 Fib either, I have set the amber Fib levels in case there is a run up to the 2.618 Fib to $85 and I really like how the 0.618 Fib align...

$NKE TOP 20

$NKE we added this week, along with $OXY and $ABNB. Price came down to the middle blue line at $82 and the 0.618 Fib and has held so far

The 50 Day MA is very closely by at $80, so a test of this level can not be ruled out right now but I am seeing this move in an impulse wave and respecting Fib levels

$NKE is a c...

$MSFT TOP 20

$MSFT continues to lag behind the other Mega Caps now and has dropped significantly over the last 2 weeks.

Price is back to the 50 and 200 Day MA now, which are at the same level at $416

A bearish channel has also been formed here too, a break below this $416 level will not be sweet, it will put the bulls under en...

$INTC TOP 20

$INTC is moving well now, it found resistance at the blue line at $24 and giving us a pull back so I have added in the green Fib levels to see where support can come, price has already tested the 0.5 Fib and 50 Day MA at $21.59, so let's see if the price can hold here or just slightly lower at the 0.618 Fib levels, a hold her...

$GOOG TOP 20

$GOOG is still one of my top holdings and like $AMZN I am giving it every chance to make it back up to Wave B or its ATH line, I am doing nothing with my position right now but observing

I did like to see a break higher away from the 50 Day MA this week and going above the 0.236 Fib at $167 to finish the week.

Bet...

$DIS TOP 20

$DIS continues to be ignored by the market right now and I don't see anyone speak about it

A retest of the 50 Day MA here would be ideal around $90, a hold here and this could propel higher to our Wave 3 target at the 1.618 Fib and close to the 200 Day MA at $100.

$BTC TOP 20

$BTC is sitting between the 50 and 200 Day MA, the good news about this is that as the price sits in this tight range, the moving averages will merge on each other and this is usually associated with a strong move in either direction, bulls want it to go higher and value investors would love to get this a lot lower and $44k w...

$BABA TOP 20

HSI does not appear to be done just yet and the blue line at $121 is staring at us very clearly right now

$BABA Wave 3 is definitely extended and a pull back is coming next, how far it goes extended nobody knows, what we do know is that $121 is a significant level, as it was the previous high and goes back as far as lat...

$AMZN TOP 20

$AMZN likely had a rough week due to the Port Strike and possibly market makers wanting to squeeze some more out of $AMZN before Prime Day next week.

Price dropped to in between the 0.5 -0.618 Fib this week, just above the 50 Day MA

I contemplated adding to my position but only with a test of the 50 Day MA to show...

$AMD TOP 20

$AMD finished the week beautifully

There was a clear retest of the 200 Day MA and the yellow trend line and once it held and broke above $164, the price took off and finished at $170 to end the week.

This sets up $AMD very nicely into next week....especially if $NVDA can breakout next too

I have added in the...

$ABNB TOP 20

$ABNB is a chart that should be studied by those who are eager to learn EWT.

It has consistently been very strict following counts and holding on support levels and finishing at resistance levels.

In August we saw a hold on the 0.618 Fib at $115, followed by consolidation and then a break higher after a double 0.6...

$AAPL TOP 20

$AAPL is consolidating at the moment above the 50 Day MA but below its ATH line at $237, I suspect it is waiting for the Tech market to catch up, i.e. $NVDA to breakout of its Wedge.

Like I said under the $NVDA chart, a breakout above $126 and I expect the $QQQ to move higher and very little would stop $AAPL testings it...

$BUD - WATCHLIST -

Bringing this back to your attention now as the price is testing the ascending triangle top line now at $67.50 this week, a breakout and hold above this level next is a bullish signal, if the price can hold above this level then the blue line is the next target at $79

$67.50 has been a resistance line since the start of...

$HASI - RC -

$HASI has moved back up to the ascending triangle breakout level again at $34, we saw a breakout above this level in the middle of Sept but on the retest it could not hold and needed the 50 Day MA to come to the aid of support, I have no issue with seeing this.

Once the price holds and stays above $34 then Wave 3 is in ...

$TGT

Price has just gone above the 200 Day MA, after a weak week, where the pull back went as low as the 0.78 Fib, which is below the standard pull back level of the 0.618 Fib

The price action is still within the wedge and maintaining its impulse wave count.

I am still open to adding $TGT but I did add a lot this week ...

$PFE

Price action is testing the 200 Day MA on the pull back now, the price has lost the wedge line so there is a level of risk associated with this pull back.

The 0.78 Fib is just lower at $27.90 too, which has been a support level since the middle of August

The important point is that if support is found on the 200 D...

$AMD TOP 20

We can see that $AMD has clearly bounced on the 200 Day MA now and broken above the $164 blue line now too.

Ideally we want to see a retest of this level from above but this time holding, this was not done this week but there is a second chance now and we also have higher high in now.

It must be said that after th...

$ABNB TOP 20

$ABNB giving us a clear reversal bounce now off the 0.38 Fib and 50 Day MA, making this a standard pull back and true to $ABNB's form, it is very structural and why we entered when we did.

Wave 5 remains the target at $136 next

$RLX - WATCHLIST -

Ok we have the wedge breakout now in the PM and the price is moving fast

So those that are not in this already would be better of suited to adding at Wave 4 on the retest of the wedge breakout to catch Wave 5

That being said, if there is a bounce and retest of the $1.93 breakout level after the opening today and t...

$BB - RC -

There is very little certainty right here, Wave 5 potentially bottomed at $2 but I am not seeing the formation of a new impulse wave since this point.

We could see some sideways consolidation until the wedge trend line for the remaining part of the year, it appears the market needs more information from earnings to conf...

$SNAP - RC -

Remarkably $SNAP found support on the bottom blue line at $8.23 now 3 times since October 2023

This triple bottom has allowed the price to bounce this month and complete Wave 3 for me

Pull back for Wave 4 is happening now before moving higher to complete Wave 5

Full disclosure, I am not a fan of this company...

$META - RC -

$META continues to be the wildest chart in the market for me

From $87 to $585 from the end of 2022 to now, making Zuck the second richest man in the world right now

And the market continues to buy this in spite of how aggressive it has been and rose.

With the ascending triangle breakout here, the First Targe...

$TSM

$TSM is in a similar situation to $AMZN right now, potentially rejecting at the Wave B level before making a new ATH, so we are watching for another attempt at making a higher high above $194 next, any rejection here and this is coming down for Wave C

BUT, if $NVDA breaks out and the market starts melting up, there is a...

HSI

HSI showed enormous strength today and just made a higher high too

I have brought up the 1hr chart to look at the movement of the pull back since Weds, first of all, the pull back has been shallow, as it only went to the 0.236 Fib and not the standard 0.38 Fib for a Wave 4 but crucially, there are 3 waves in this pull b...

$AMZN TOP 20

Ok the strike is now potentially over but at least postponed until Jan 2025, workers will vote on the proposal over the next few days, $AMZN is getting a bounce in the PM now on this news.

We can see that the pull back dropped in between the 0.5 - 0.618 Fib and held support on the 0.5 Fib at $182.

We can't rule ou...

$TLT - SAFE HAVEN -

$TLT continues to move very well in this pull back after Wave 5 hit the perfect Fib level at 2.618 at $101.

We can see that there are 3 waves so far in this pull back and I don't believe this last wave is complete just yet.

The 200 Day MA is at the 0.5 Fib now at $94, this would be a confluence level and the ideal...

$NVDA

I maintain that $NVDA holds the key to the market, particularly the $QQQ and will certainly influence the Semi and AI sector.

Price tested the top wedge line and pulled back to a higher support on the 50 Day MA and is looking set to test the wedge top line again at $125.85
A breakout and hold above this level and $NV...