The Long Investor

$BTC TOP 20

The regular chart I upload of $BTC is what I am watching and it is still in its bull flag but has so far only pulled back to its 0.236 Fib at $60k, it did go as low as $56k but this was still short of its 0.38 Fib at $51 and certainly not close to its 0.5 Fib at $44k or its 0.618 Fib at $37k

So if we are only getting a ...

$SANA - RC -

$SANA is used to wild swings and they happen a lot here, so be prepared for these movements if you ever consider a position.

It is regularly in the high volume category most weeks.

I believe Wave C is not complete yet either, after counting a messy AB count so far.

Not a fan of stocks that move like this but...

$CMG - RC -

Speaking about Chipotle, Ackman has just reduced his holding here and we can see why,

Very clearly in an aggressive Wave 5 now and routing fast to its 1.618 Fib at $3666 (omen)
I would be surprised to see $CMG go any further without needing a corrective pull back to the amber Fib levels as shown.

When Wave 5 co...

$SG - RC -

Sweetgreens has a cult following with the Millennial generation, similar to that of Chipotle but different cuisines.

Very large Cup and Handle formation here, which brings the price back to the blue line at $40

Ideally the price to buy here would have been at the Wave 4 level at $20 because it has jumped quite agg...

$FCX -RC - WATCHLIST -

This is a chart we last uploaded in September and it has been brought back to my attention by one of our members.

There is no changes to our chart or count but we can see that the price is now moving up our Wave 3 count and has just broken into the Bull Case by making a new high above $52

A hold above this blue li...

$JD

Chinese ADRs and the HSI have all run very hot lately so we need to be prepared for a pull back soon in order to strengthen the impulse structure, we are seeing on the $BABA chart that Wave 4 is due at any stage now, since Wave 3 has already hit its 1.618 Fib....likewise $JD has now jumped from $21 to $35 now, so this is also...

$BIDU

Morgan Stanley have downgraded $BIDU to $125 from $140 today, which is probably the most bizzare thing you could read today but very typical of Morgan Stanley to do, they want these shares because they missed the run from $BABA and $BIDU is the next one to run.

Their share price is back at its 2011 level at $110

F...

$ZIM - RC -

$ZIM has moved very strong here since it held on the 0.618 Fib and for our Wave 2, it has now broken above its 50 and 200 Day MA and has made a golden cross but well into its Wave 3 now, where we have the target at $24, at the 1.618 Fib.

If you are a holder here, there is no need to do anything but to stick with this un...

$IWM

$IWM has been moving well since bouncing on the 200 Day MA, just above the 0.38 Fib

It has not made a new high yet above $212 so we can not rule out a consolidation sideways here yet but the price action continues to follow our chart and this has not changed in some time now.

A break to a higher high would make th...

$X - WATCHLIST -

When it rains, it pours.

A lot of set ups right now, so please weigh up what interests you the most and what appeals to you and allows you to hold a position comfortably for a long period of time.

$X has completed its sale to a Japanese consortium now and the price has pulled back and approaching the yellow trend ...

SILVER - SAFE HAVEN - IMPORTANT NOTE -

Silver has been textbook.

It has followed our projections perfectly and we were able to take advantage of this, our buys were executed exactly at the lowest risk level and maximum gain point and we have been rewarded for our discipline with a break above $30 now

Next we want to see a retest of $30....the price is ...

$YINN

$YINN has blasted through the blue line at $30.75 and into the bull case, marking a 100% jump since we first highlighted this to our group.

I would look for a retest of the blue line first if you have not already entered here.

Worst case scenario is that the price retests the 200 Day MA at $23, which would really...

$JMIA - RC -

$JMIA continues to move higher in what I see as Subwave 1 of Wave 3.

This Subwave 1 has still not completed as it still has smaller wave 5 to complete, so if you are not in this already, I recommend waiting for Subwave 2 of Wave 3 to pull back before entering.

I have added in the white Fib levels and for this Subw...

$PDD

$PDD continues to be the best performing Chinese stock over the last 2 years and its growth and increasing margins speak for themselves.

Large cup formation continues to complete here too and it aligns with our Wave 5 completing at the 2 Fib at $226.

I like how support was found twice on the 200 Day MA in March an...

$COPX - SAFE HAVEN -

Very clean breakout and strong bounce here.

So now we have GOLD, SILVER and Copper breaking out

Smart money and China are building stockpiles for whatever reason but it is an alarm bell for us towards the market

If we see a melt up in the US market now, it may indicate the top but we'll stick to our plan of ...

$VSCO

Victoria Secrets have this week decided to go back to their roots and start selling clothes for healthy people and not targeting the woke generation.

Sex sells, whether we are comfortably with that or not and people have had enough of seeing photos of unhealthy people in their lingerie on posters.....it took $VSCO and ...

$CLSK

Continues to consolidate within the yellow channel but has made higher lows, after testing the green line on the 15th of April, a level it needed to hold to validate the impulse wave.

Since then, $CLSK has tested the yellow channel bottom line 5 times and has held each time.....we can also see that the 50 Day MA on the ...

$BMBL

Continues to push higher and above to test its post earnings high at $12.32, a break above here and this may run to the 200 Day MA at $13.50 before a pull back.

If we are lucky enough to get a pull back to the wedge breakout level where the 50 Day MA is sitting right now, I think this is an opportunity not to be ignored...

$HOOD

$HOOD is showing up +5 % in the PM now but I can't see any news to cause this large jump.

But what we can see on the chart is that $HOOD has been holding on the 50 Day MA for the week and is finally bouncing.

Wave 4 held the 0.38 Fib beautifully and we said a direction needed to be taken.....and now is likely has,...

$CHTR - LONG TERM PROJECTION -

I said before that I was going to do a deep dive on $CHTR because I have noticed that a number of high profile 'Super' Investors have been adding $CHTR over the last 2 quarters, so usually when they are all in sync together like this, it raises my ears.

Now I can see why.

Wave 2 has pulled back to blue support lin...

$ETH

$ETH has now made a higher low and is testing the descending wedge upper limit again here, if we get a breakout and retest of this wedge then I will add one more time to my holdings and then I am happy until Wave 5 is complete.

Likewise, a rejection here at the trend line and I will add in the white circle between the ...

$PAYO - WATCHLIST -

$PAYO is still holding up very well here since breaking out of its wedge post earnings, I would still expect a pull back to the 200 Day MA which is at the wedge breakout level before moving higher.

These set ups are usually prime targets to take advantage of, so we will put this on alert and watch closely for a retest a...

$COIN

$COIN and $BTC are starting to move slightly out a sync at the moment, $COIN is down -9.5% to finish the day while $BTC has able to raise its head above the 50 Day MA so far today.

$COIN looks to be drifting down to the 0.38 Fib at $186 next where we will see how it handles this level for support.

It can find supp...

$HIMS

Managed to finish the day just above the 50 Day MA which is good to see but we want to see momentum behind this break out, so a clean breakout tomorrow or next week and a retest of the $13.85 level and we have our buy signal to add.

$HIMS has been impressive since holding support on the 0.5 Fib at $11.40 and has been a ...

$ASTS - RC -

$ASTS finished the day up 68%.....not to be confused with a meme stock because of how hard it climbed today, this is a company that is truly disruptive and it is a satellite based communications company, believed to have better capabilities than Starlink.....with a number of high profile companies in the US invested, includin...

$IQ - WATCHLIST - HIGH PRIORITY!!! -

Ok folks, everything is aligning here for $IQ:

• Held between the 0.78 - 0.618 Fib for Wave 2 and entering Wave 3 now

• Broke out of its wedge, which has been in place since the start of 2023

• Above the 50 and 200 Day MA

• Rested the 200 Day MA today and held and bounced

  ...
  2024-05-16 16:56:35 +0000 UTC View Post

$AFRM

Testing its 200 Day MA today for the 4th time since the middle of April, bulls are battling but not following through on the bounces.....constant talk of what will happen with interest rates in the short to mid term is probably not helping any certainty here.

We can also see that the 50 Day MA is squeezing now towards t...

$DDOG

$DDOG found support on its 200 Day MA at $110 which was also its previous low and has since bounced.

Price action is negotiating with the blue line now at $121 which we know was a previous support level.

A flip here to support again and the price has recaptured the 50 Day MA too....so I would expect a test of the ...

$EL - WATCHLIST -

$EL may be on the cusp of finally breaking out of this two year downward channel which has not been pretty

$EL is the market leader in cosmetics but has been under pressure from fast moving growth stocks over the last 2 years like Sephora and $ULTA

But a break above the top yellow trend line at $142, which is also...

$DUOL

Duolingo has been consolidating after a strong 2023 and is now between the yellow trend lines between $250 and $171

Failure to hold $171 and we would be watching for $DUOL to hold support on one of the green Fib levels at $153 or $131 to expect a continuation of this impulse wave higher.

We also may see a bounce o...