The Long Investor

$TAN ETF

Solar ETF has been beaten up and an ETF that we have never been bullish on but I do think there is potential growth in this sector but it is surprising how long it is taken the market to fully adapt to this.

The price is now at the 0.78 Fib, the Blue line which was a high in 2020 and approach the yellow trend line....so...

$ULTA - RC -

Glued to our projection here, price has also come down to the 200 Day MA where we had Wave 4 set and has so far found support, which was also on the trend line which has been in place for the last 10 years.

A further bounce here and we can can confirm that this is in Wave 5 and moving higher to our $706 target over the ...

$TOL

No changes to our chart here since July, it continues to follow our chart and it also handled the market slump very well over the last few months.

It found support on the 200 Day MA and has bounced since. It is also only a few dollars away from making a new high at $84.

Fundamentals remain very strong here and all...

$WDFC - RC -

$WDFC moving with the market too and also found support on the 200 Day MA at $194 for Wave 4 and has bounced too, a pull back is also needed here before it can go higher, so watch for the 50 Day MA at $206 for a potential support line, as the 1 Fib is also close by and was a resistance line in Sept and Oct, so flipping this t...

$PSNY - RC -

We get fixated on $NIO but sometimes forget to look at other EV companies in similar growth stages, $PSNY is one of them.

$PSNY From a high of $16 to a low now of $2

$LCID from a high of $65 to $3.5 now

$RIVN from a high of $180 to $15 now

$FSR from a high of $32 to $3 now.

$XPEV from a high of $...

$OILUSD

I have been watching oil prices moving and in spite of the conflict in the Middle East, the price has barely moved from its trajectory.

For the entire year, the price held at the 0.5 Fib level which was also the 200 Day MA on the weekly chart around $58.

It then started moving higher in June and peaked at $95 in S...

$GOLD

This is my Bullish projection for Gold, if it can break above $2080.

We can see that Gold has tested the $2080 three times now in 2020, 2022 and 2023....all in the Spring time.

It has rejected three times getting above this level......I believe it is possible that Gold will test this line again in the Spring time ...

$NIO TOP 20

Red day for the market, extra red day for EV's and tough day for $NIO yesterday.

That being said, 5 waves up, followed by 3 waves down is clear here.

The price action since breaking out of the wedge has strictly followed the Fib levels, holding at the 0.618 First, bouncing to the 0.38 Fib and then pulling back now...

$DNA

$DNA's earnings was a miss, it was also a very disappointing -75% miss on earnings too.

Please do not try and sugar coat this....there is positives and negatives in all reports and the CFO will always put their best foot forward but it is down -15% today because of the bad miss on earnings.

The chart needed a beat...

$LUV - RC -

$LUV like all airline stocks is feeling the pull back today.

This is what we have been waiting for here too, the pull back needs to make a higher low at the white fib levels shown, 0.618 Fib at $22.84 is the ideal area where $LUV needs to find support.

I do not particularly like the bounce up from the low at $22, ...

$SPY TOP 20

I uploaded the $SPY chart twice yesterday to show that I am seeing signs of a pull back, first the rejection at the $436 level which is the 1 Fib and the same level where we saw a number of rejections in October (white circle).

Also showed an ascending triangle breakdown which is also a bearish formation.

Today we...

$ETH

$ETH has reacted very well since breaking out of its bullish flag now and it on track to test the previous high from April at $2140.

No changes to the chart and we have Wave 3 at the 1.618 Fib at $2956 as always.

Holding support above $2025 would put this in the bull case and above $2140 would confirm the impulse ...

$TGT

I am curious to know what everyones thoughts are here.....I do not live in the US and can not grasp the enormity of the backlash towards $TGT for 'going woke' and selling those incredibly distasteful LGBT clothes targeted for kids, but it looks like $TGT will either hold support at the second target at $104 or come down to it...

$ADYEY - RC -

$ADYEY fell all the way down to our Wave C level at $6.45 within 10 cent and has bounced aggressively on this line.

There is still an enormous amount of work for $ADYEY to do to start showing strength again but it is off to the best possible start and has jumped nearly 40%, after the company set 'more realistic' growth ...

$MRNA

Is in a bad way here and has been in this downward channel of doom since $220 at the end of 2022.

The price has come all that way down to the 0.887 Fib, which as we know is the last Fib level of support, this is taken from the $11 low and the $500 high, from the start of 2020 to the middle of the Covid hype in 2021.

$ADAUSD

$ADA has been rocketing and is on a fast track route to the $0.42 blue line, which would mean a 100% jump since its low in June.

I have only been adding this since $0.30 at the start of this month but already up considerably.

I want a pull back here too as I won't be buying any more at these levels, but if we can ...

$COIN

$COIN has bounced hard at our Wave 5 spot and at the 200 Day MA, up from $72 to $97 now.

$BTC hit an 18 month high today and a lot of the crypto stocks are soaring too.

$MARA, $RIOT and co are also up impressively too.....so $COIN is likely enjoying this attention, but they also double beat on their earnings too 2023-11-09 15:38:33 +0000 UTC View Post

$SOFI

Tough few days for $SOFI and after the rejection at our blue line, followed by a rejection at the 50 Day MA, it was hard to see this moving in any other direction....bulls needed to step in and they haven't, while $SQ and $PYPL have started their move up.

$SOFI is still up considerably YTD from $4.26 to $6.91.....but it...

$TSLA TOP 20

HSBC's timing to start its coverage of $TSLA is questionable.

Just as $TSLA was battling to regain its 200 Day MA, it released a bear target, -35% less than its current value down to $146.

This would imply a move down to below the impulse wave invalid red line.

$TSLA is down -3.5% now on this news.

One...

$NIO TOP 20

Having a difficult time getting above $8 at the 0.38 Fib level, it has just been moving sideways since Tuesday within the 0.38 Fib and the 0.618 Fib at $7.69.....this is neither good nor bad....but the main thing for me is that this is above the yellow trend line still.

If it continues to move sideways, also within the ...

$MARA - RC -

Earnings after the close today and what have we got here?

Another stock, right at its 0.618 Fib, after completing 3 waves down since topping out at Subwave 1 at $10.74, leading right into the earnings report.

$MARA is in a good position here once it can report a positive earnings and there are no surprises.

...

$SPY TOP 20

At the start of the day, I showed a little ascending wedge on the 1hr chart, which is usually met with a breakdown as it is a bearish indication.

That is what we got and we can also see that $SPY has rejected at this green line, which is the 1 Fib at $436 a number of times in October too.

We could start to see the...

$FSR

I added $FSR today, the price here compliments my average and I am willing to buy lower.

THIS IS NOT A BUY ALERT.

This is an announcement that I have bought because I am a long term investor.

US 10 YEAR

Good exercise yesterday, where we showed and explained that if a stock bounces up in 3 waves, it then moves lower next, to a new low and moves down in 5 waves the majority of the time and this has happened again today.

This is now confirmed that the trend is moving downwards.

After this current decline to a new lo...

$TSM

For the last few months we have been monitoring $AMD and $TSM very closely, and we think that both of them will continue pushing higher over the next few years.

We decided to buy $AMD because the chart looked stronger but still believe $TSM is a good company.

Our decision turned out correct as $AMD has really take...

$DNA

Earnings after the close today and the decline today means that it has completed 3 waves down since topping out at $1.70, the price action also pulled back to the 50 Day MA right now and is sitting between the 0.5 - 0.618 Fib.......how many times do we consistently see this set up?...its repeated on every chart, over and over...

Rewards Scheme.

We are officially a year old now and I want to do something for all members who have stayed with us and continue to focus on Long Term Investing.

TIER 1 - Access to all uploaded Technical Charts $37/month

TIER 2 - Unlimited Technical Charts each month. $49.99/month

R...