The Long Investor

$NKE TOP 20 - WATCHLIST -

$NKE looks like it may be waking up.

Remember $NKE always reports at different dates to other large caps, so they have their earnings on the 27th of June, we may start seeing a run up to earnings here.

The other up and coming clothing companies in the US are already very bullish and it has been odd to see $NKE lag...

$AMZN TOP 20

I sold 20% of $HIMS yesterday and put it directly into $AMZN for two reasons, $AMZN is in a bullish set up, however still needs to break and hold above the $190 level but it is at a breakout level that has been held since 2020, we have seen lately on some mega caps that these levels have been broken with explosive moves.

$HIMS

OK $25 was always going to be an important level for us, it was the 2 Fib and the previous high from 2021.

We saw over the last week that there was some profit taking at $25.60, with some large drops, followed by dip buying, then finally yesterday the selling pressure became too strong and it dropped hard, we sold -20% ...

HSI

I wake up each morning, check the comments section in our group chats and after reading the comments before looking at the charts, you would assume that hell has opened up and the HSI has fallen into the depths of hell.......I go to check the chart and see that the HSI is holding where it should, above the 0.5 Fib and at the ...

$AMZN TOP 20

I would be lying if I said I have not been considering buying a sizeable position in $AMZN if I feel like this will break out with enormous power to the upside and start picking off these higher Fib levels in a melt up.

I sold 50% of my $AMZN position at $179, so I am in and around my cost basis point but I put a lot of...

$SE TOP 20

I think its time to eliminate the second impulse wave because the price action could not be following our other projection more if I drew the price action on the chart myself.

Price is moving very strong here and has not even needed a retest of the 50 Day MA for support to confirm the trend.

The blue line is my ta...

$CELH

I don't think I would be getting excited about $CELH until the 200 Day MA is flipped to support, it is currently sitting at $65.92.

A retest of the 200 Day MA from below is always nice to see, first it will tell us a lot.....if it rejects here trying to get back above this level, then we know its going lower next....to ...

$CLSK

$CLSK is very close to making a higher high now in the PM above $20.15, which it has not be able to do since the end of March, so this will be a welcome trend change....especially after testing support again on the yellow line last week at $15 and the price is already 35% up in a week.

No changes to this chart and well ...

$COPX - SAFE HAVEN -

Commodities pulled back over the last month as the market raced higher but we have seen some support and bounce today on an important level for Copper and Silver.

$COPX managed to bounce on the 0.5 Fib support level at $43.36 and is now back up to its 0.38 Fib at $45.59.

Like $SILVER holding above $30, $COPX needs...

$PSNY

This is not looking good for $PSNY, the smaller EV growth companies are getting picked off now, as $FSR files for bankruptcy this week. I believe there will need to be some consolidation in this industry in order to survive for many other companies, including Chinese EV's, $XPEV for example.

Too many players exist right...

$SOXL

Inching closer and closer to our Wave 5 target at $74, which was the 2021 high too.

It looks inevitably here and I know many members have been cleaning up here on this one, led by $NVDA.

The Wave 4 pull back was also stronger than expected and went down to the 0.618 Fib as we discussed on the $AMD chart.....if the...

$SMCI

I have been watching $SMCI closely and I like how it has held lately after reclaiming the 0.38 Fib and the 50 Day MA.

The pull back in late April also came close to the 0.5 Fib so it is reasonable to accept that the pull back is complete here for their ABC correction.

So I have Wave 5 at the 3.618 Fib at $1405 if ...

$AMD TOP 20

$AMD is a company we have charted accurately since the start of 2023 and I believe it has comfortably completed Wave 4 now.

Wave 4 pulled back more than expected which is the only blemish on this chart but we can see in Jan '24, they missed on earnings and this likely caused the further than expected pull back.

Ho...

$OXY

Buffett again got back in here this week and added, he now owns 29% of the company

To Buffett, this is the perfect hedge, against rising oil prices and its strong exposure to a future conglomerate sector in the making, in the form of carbon capturing and selling it as credits to companies.

Buffett will also like ...

$YINN

+5% Jump in the PM now which is what we wanted to see from Chinese ADRs and this Bullish ETF.

Price has now held the 200 Day MA and has bounced back above the 0.618 Fib and the 50 Day MA now in the PM.

We needed $YINN to hold this level at an important confluence range and so far it is doing its job.

HSI sta...

$PLTR TOP 20

$PLTR has stayed on message, consolidated above the 0.618 Fib at $20.18, broke above the 50 Day MA and has cleanly broke out of the wedge now. We had 2 months to buy within the consolidated range so everyone who has been following our buys on $PLTR and following our chart will be in comfortable profit now.

There has bee...

$FUTU - WATCHLIST -

I am also watching how $FUTU starts tomorrow too, having pulled back comfortably to between its 0.5 Fib and 0.618 Fib and finished Tuesday on the 0.5 Fib.

Price is still above the wedge breakout level at $63 and $FUTU is more aligned with $PDD right now than it is with $BABA and $BIDU.

However, they all moved well...

$ADA

Cardano is a crypto I will always have an interest in, it was the first crypto I bought to make 100% gain which I then put all of that position into $ETH, which then gained 100%, so it provided a compounded gain machine for me and with those two positions, we made considerable profits over a short space of time from November....

$BIDU

We are all keen to see how the market starts in the PM tomorrow for Chinese Tech stocks and looking for a continuation from the HSI too, $BIDU is high on my attention right now after losing a critical support level like $BABA over the last week.

Price lost the 0.78 Fib and the blue line between $92 - $94.

Next sup...

$SHOP TOP 20

Couple of comments mentioning a potential head and shoulders pattern forming here and although it is possible, it is not standard looking and when there is an ascending neck line like this, we have a clear support/resistance line to show us where we would need to potentially sell to save us from any downside, which is the yel...

$HIMS

Another green healthy day for $HIMS yesterday with a higher high made on its previous day.

We have not seen a hold above the blue line yet at $25.41 so we need to be on standby for a reversal here

I will not take any action until I see signs of a rejection at this line and so far we are not seeing that.

Bull...

$ETH

Battle going on at the 0.5 Fib and the 50 Day MA but we have two tests of support on this confluence level which is a good sign.

We still can’t rule out a test of the 0.618 Fib at $3291 and we have seen two flushes below the 0.5 Fib too, which were recovered quickly.

No buy for me yet until I see more support, c...

HSI

Finished up 2.8% today with an explosive bounce off the confluence level of the 50 Day MA and the 0.5 Fib.

We waited patiently for this and so far we are off to a good start to this Wave 5 now.

US market is closed today so we can’t see the effects on the ADRs until tomorrow but I suspect this will be positive, c...

$AMZN TOP 20

$AMZN this is a very bullish alternative for $AMZN incase there is a melt up after it holds above $188.

First Target is at $2...

$HIMS

Disclaimer: I am only provisionally putting in the White Fib levels here incase Wave 5 has completed at the 2 Fib.

We know that Wave 5 can extend and go as far as the 2.618 Fib at $30 but there appeared to be some profit taking at $25 yesterday as the price hit the previous 2021 high, which is completely understandable ...

$ZS

$ZS continues to test the 200 Day MA from below here and it is sitting at $191 right now.

Bulls will need to flip this to support in order to confirm the bull case and Wave 3.

The Wave 2 pull back has been standard at the 0.618 Fib and this impulse count is sitting in a bullish Cup and Handle formation too, so jus...

$WULF

$WULF has been the strongest crypto company lately by a long mile but we can see that before the price broke out of this triangle, it followed the dimensions of the formation extremely well, so when it broke out, it jumped aggressively.

This can happen when the price action coils like this in a triangle, it builds up en...

$UBER - RC -

$UBER I believe is following our ABC correction very well, Wave A dipped just shy of the 200 Day MA and has bounced nicely and back above the 50 Day MA, it is already showing signs of running out of steam and pulling back, we want to see a $CELH scenario here now and both moving averages are lost again to move the price actio...

SILVER - SAFE HAVEN -

Silver remains my Top Safe Haven and I've given strict instructions to stick with this until the market correction is complete.

We have already made substantial gains since entering at $24, which have already exceeded our expectations, considering how slow this has moved in the past.

The price staying above $30 is...

$ORCL - RC -

$ORCL is still pushing higher after its earnings report, in spite of the negative report, they were able to brush it off by announcing some popular collaborations, particularly with Chat-GPT.

It appears that any mention of Chat-GPT or AI based integration in an earnings report is still benefiting from substantial tailwi...