The Long Investor

$AAPL TOP 20

$AAPL has had an enormous run since its earnings report in May and boosted by its AI day in June, the price has gone from $163 to $220 in less than 2 months, I don't believe this pull back is complete just yet and a retest of the previous ATH line at $200 is possible here next before moving higher

$AAPL has not retested...

$MGM - WATCHLIST -

$MGM is in a good position here to move higher to test its stubborn resistance level at our blue line at $50 next.

A breakout of this level and a flip to support and this is into its Bull Case and Wave 3.

$MGM has been making higher lows since mid 2022, when hotels started to recover from the Covid lockdown.

$JBLU - WATCHLIST -

$JBLU is on the watchlist

• Pull back in May held exactly on the 0.618 Fib, Standard for Wave 2

• 3 waves were identified in the pull back = Standard for Wave 2 and 4

• Price is now back above its 50 and 200 Day MA

• Testing an important support/resistance line at $6.10 now.<...

  2024-06-30 02:00:35 +0000 UTC View Post

$ENPH

$ENPH was in an ascending triangle and managed to test the yellow line three times at $140 and we were watching this closely, we needed to see a breakout of this level and flipping it to support before considering a position.

The price tested $140 and rejected and rejected quite heavily.

We can see that the price ...

$DKNG

$DKNG has struggled since its previous peak at $44 and is back down to its 200 Day MA at $38 again for a test of support, some weakness was shown on Friday but the price action managed to hold this moving average to finish the week.

Below the 200 Day MA and we would expect another test then of the 0.38 Fib at $34 and if...

$EVVTY - RC -

$EVVTY has formed a wedge here and the price action really needs to stay within the dimensions of this wedge, as the 50 Day and 200 Day MA's have been lost here.....this also happened in late 2023 and the price action managed to hold support.

A break down from the wedge and the next test would be the previous low at $85...

$META - RC -

$META continues to move in sync with the other Mega Caps as the market drifits higher but still managing to stay below this firm resistance trend line, which has been in place since 2016.

In spite of this, it can continue drifting higher but below this line, like we are seeing on the $GOOG chart too.

I believe $ME...

$LABU - ETF - 3 X BIOTECH - WATCHLIST -

Not a single change to this chart but I am uploading this again to bring this to your attention.

The price has held well in this ascending triangle and has used the 50 and 200 Day MA too to maintain the structure.

I expect the price to move back up to the $122 breakout level again for another test, the price acti...

$LULU

$LULU so far has not benefited from $NKE's aggressive decline today but the dust will need to settle first before we see how the set ups are behaving.

Right now, $ONON looks the strongest, as it continues to hold firm above the 0.38 Fib.

$LULU had its own issues post earnings this year too and may be in the same b...

$PFE

$PFE has now formed a wedge now since holding support on the 0.5 Fib and the 50 Day MA and the wedge is getting tight.

The important resistance level to break out of remains the 200 Day MA, which has been a stubborn resistance for the last number of years.

$29 is the level that needs to be broken above and held, i...

$OXY

$OXY is also in a position now where it is testing its 50 Day MA from below after regaining the 200 Day MA after bouncing on the wedge trend line and the 0.78 Fib.

We believe this pull back is Subwave 2 of Wave 5 and we could be into Subwave 3 now if $OXY can hold above its 50 Day MA and the price of oil starts slowing ...

TWEET - $ABNB TOP 20

NOT OUR REGULAR $ABNB CHART  for Twitter purposes only.

$ABNB

Pre Covid in 2019 had:

- Revenue: $3.6 Billion

- Negative 0.5% Profit Margin

- Free Cash Flow: $500 Million

2024:

- Revenue: $10.2 Billion

- Positive 48.2% Profit Margin

- Free Cash Fl...

$SOFI

It's getting very tight in this wedge now and $SOFI has been able to hold above the $6.40 level so far this week as it attempts to breakout out of this wedge at $6.60.

The 50 Day MA is just slightly above too, so there is resistance here but if the price can break above these levels, the bulls are showing their strengt...

$TGT - WATCHLIST -

We are spoilt for choice right now with the number of bullish set ups and they are all available in the Watchlist folder in Collections.

So be greedy for support confirmation especially when we have so many to pick from.

Wait for the breakout and retest, the one that you are most happy with holding and adding for ...

$CHTR - WATCHLIST -

I brought this company to the groups attention a number of weeks ago because I noticed a trend amongst 'superinvestors' whereby they have been accumulating this company over the last few quarters.
Fundamentals remain strong and we can see that there has been a sold bounce on the blue line between the 0.618 Fib and 0.78 Fib...

$ZS - WATCHLIST -

$ZS is testing its 200 Day MA at $192 here from below, we are seeing this set up on a number of charts right now, where the price action is testing big resistance levels and many are breaking out : $GOOG, $AAPL, $AMZN, $PLTR, $ABNB....$ZS looks like it can be next but as always, the strength is only truly shown on the retest ...

$DDOG - WATCHLIST -

$DDOG has been on our watchlist while it has been in this wedge and we are seeing a slight breakout in the PM now after successfully bouncing on the 50 Day, the 200 Day and the blue support line.

A break and hold above $129 and $DDOG is in a good position to move higher to complete Wave 3.

Very similar set up to $...

$XLV - SAFE HAVEN - ETF

My position is that the Healthcare sector is considered a Safe Haven during a uncertain market conditions and I believe the breakout here, after a long consolidation between 2021 and 2024 reinforces that belief.

Price is staying above the blue line at $143 and above the 50 and 200 Day MA, having found support on the 0.3...

$ONON - WATCHLIST - HIGH PRIORITY -

Ok we have our drop down to the 50 Day MA and the 0.38 Fib now, helped along by $NKE's disappointing earnings and guidance....this is only a correlation drop but in actual fact, $ONON is taking market share from $NKE, as they are in the high premium segment and gaining in popularity.

I notified the group in November whe...

$ETH

I continue to like the set up here, flipping the 50 Day MA to support would put this in a strong position to make an attempt to break out of this bullish wedge.

If you wanted to wait until the price breaks out of the wedge to add again, that is no issue, there would still be 20% on the table when the price completes Wav...

$BIDU

I am tempted to add here shortly as the price tests the wedge trend line, I want to see a hold of support first and some consolidation and that will likely be enough for me to add to my position.

Big Tech stocks like this as a rule of thumb are attractive under their 200 Day MA and $BIDU's 200 MA is at $110 right now, w...

$PLTR TOP 20

$PLTR has been showing a lot of strength since retesting the bull flag and making higher highs since, what we want to see next is a higher high above the previous top at $26.55 from the middle of June, this would confirm the reversal and the blue line at $29.26 would be our short term target....flipping this level then to sup...

$NKE TOP 20

$NKE disappointed with their earnings today and on their forward guidance:

'Nike on Thursday said it no longer expects to report revenue growth for the fiscal year ending in May 2025, and guided for revenue to be down in the mid-single digits. Analysts polled by FactSet anticipate revenue growth of 1.4%, to $52.11 b...