The Long Investor

$NVDA

Another rejection at the 50 Day MA and below the green line at $141 today

$NVDA needed to capitalise on $AVGO's strong earnings but the market is taking another beating today to finish a weak week.

Price is back to test the 0.38 Fib again at $133

$NVDA can't afford to start losing support on this Fib levels ...

$ARKK

$ARK is heavy in $TSLA, $PLTR and $SQ.....and has strong holdings in $SHOP, $COIN and $HOOD

The last 3 are still down massively from their ATH's, particularly $HOOD and $SHOP but they are moving in the right direction

She is still holding a lot of dog shit but her largest positions are doing a lot of the heavy lif...

$MARA

Sweet spot to add here looks like between the 0.5 Fib and the 0.618 Fib levels at $21.82 and $19.80

The 0.618 Fib aligns perfectly with the blue support line that has been a strong support/resistance line since the end of 2023.

The pull back rejected at the First Target which is always great to see so a retest of ...

$META

Textbook here from $META, broke out of ascending triangle at $545 and ran to the First Target, met some resistance and pulled back to the breakout level at $545 again, held support and ran again, this time breaking above the First Target and running now in a melt up scenario to the top line at $665.

Nice move.   2024-12-13 15:09:22 +0000 UTC View Post

$ACHR

Price Target increased by Deutsche to $15 today and maintains a buy rating

Price is moving very well in Subwave 4 now and holding above the 0.38 Fib at $7.15

Up +14% now and our Wave 3 target remains in place at $12.40

$HIMS

Big bounce yesterday on the 0.38 Fib at $28 and went straight to the 50 Day MA at $32, it was a +6.5% bounce at the opening and then faded with the market throughout the day

The price finished exactly on the yellow support line, which we know was a support line from the 29th of November too.

If we hold here, I am ...

$HASI

$HASI got knocked back in November after their surprising double miss on earnings and the share price did not react well to this and slumped from $36 to $27

But the price has managed to find support on the 0.618 Fib at $27

We could be looking at another retest of this level here shortly too

But

The imp...

HSI

The HSI finished the week retesting the 0.5 Fib from above and below the 50 Day MA

I think the market was expecting a headline figure that China will spend X on the economy immediately but they have already announced a $1.7 Trillion dollar stimulus over 5 years in Sept.

The fact remains, they are taking aggressive...

$JASMY

$JASMY is back above the $0.044 level now and holding above the 0.38 Fib too

We can see that the 200 MA on the 1hr is coming some resistance today, as it did on Weds, but the price action made a higher low after this test which is a positive sign

So I believe once this 200 MA is cleared at $0.044 then $JASMY has t...

$CELH

+7% Day yesterday and up positive in the PM now, this is moving according to plan here and I expect the higher highs to continue coming in and move up to the 1.618 Fib at $36.95 to complete Wave 3, with the 2.618 Fib the target for Wave 5 at $42.84

Very impressed with how the price is holding well above the 50 Day MA to...

$CLSK

I said in my last upload that a lower low was possible to complete this pull back and we have a lower low now.

The price is below the 50 Day MA and touching the 0.618 Fib at $11 in the PM now

This is the level that $CLSK needs to hold because anything below the 0.618 Fib for me is showing weakness, it doesn't inva...

$AVGO

$AVGO has burst through the $186 top line after reporting earnings after the close yesterday and the market loved it, up +17% in the PM now, which is impressive for a company with a market cap of $843 Billion.

A number of PT's from analysts have come in this morning between $245 - $250 and this would put it above the e...

$GEV - RC -

Usually it is difficult to chart a stock that is only on the exchange 9 months but this is moving very well since inception.

A carbon capture company which I believe could be a popular industry going forward, which is also why I like $OXY.

Consolidating in Wave 4 now, so a test of the 50 Day MA at some stage soon ...

$COPX - SAFE HAVEN -

Another popular safe haven that we covered in this group is the Copper Miner ETF

Moving very well like Silver but has yet to breakout above its ascending triangle top line at $47, as it consolidates in higher lows and getting tighter in this triangle.

I believe when $COPX breaks out and most importantly holds abov...

$AAL

$AAL is still holding up very well here and I am up +20% since our buy this month

But at the very least I need to see a pull back below the 0.236 Fib at $16 to add again

We will be watching for an ABC pull back to entice us to add once $16 is tested

The price has run from $9 to $18 without an ABC pull back, ...

$TSLA TOP 20

Ok we have made a new ATH here and its been a phenomenal run for $TSLA since hitting $142 in April.

I believe $TSLA is in Wave 3 now as it runs aggressively to the 1.618 Fib at $453.

We can also see that $TSLA found support on the 0.618 Fib in April too, which is standard for Wave 2.

THE MOST IMPORTANT PART:...

US 10 YR

US 10 YR has now bounced on the 200 Day MA as Jobless Claims reported a rise today.

So we can expect another test of the yellow trend line again at 4.37%

We want this bounce to be at the very least a wave b bounce and then reject and go to a lower green fib for wave c....at the very least.

Best case scenario...

$ADA

As I alerted earlier, $ADA, $JASMY and $XRP have all bounced on their standard 0.38 Fib levels for Wave 4

A new high has not been made yet so we can not confirm that Wave 4 is complete but $ADA is about to test its 1.618 Fib shortly at $1.23.....a hold above this level and bulls should be confident of making a new high ...

$HOOD

Nice move down from $42 to $35 today after rejecting at our Wave 3 target at the standard 1.618 Fib

As always the Wave 4 target is the 0.38 Fib which is at $31.82

In some circumstances we have a pull back only to the 0.236 Fib if there is a lot of bullish sentiment around a position

The 0.236 Fib did hit tod...

$ABNB TOP 20

Little flush down today at the opening which is a welcome sign because it has been holding up relatively well lately which we don't want to see, we want it to drop down to the 0.5 Fib at $129 or below

I think the market has been overlooking $ABNB and I am happy to see that, need this to continue for a little longer and ...

$BLDE

Ok we have a 3 wave pull back now in this Wave 4 and the price is just at the yellow support line and approaching the $4.11 again for the second time this month.

I am looking for another test and hold on this support line now and I would be happy that Wave 4 is complete then.

A hold here and I will consider anothe...

$NIO TOP 20

Back down to test the $4.50 level again today after doing a round trip to the $5.32 level and rejecting.

More consolidation now but I'd like to see $4.50 become a formidable support level.

$ADBE

Reported earnings AH yesterday and although they beat, they gave a disappointing Q1 revenue guidance and the price is down -10% now in the PM

That being said, there are no changes to our chart, as we already had this in an ABC correction

Price is now testing the bottom of the triangle trend line at $487 now

...

$JASMY - WATCHLIST -

I am thinking of one more Buy

I would like the price to hold above the Top of Wave 1 at $0.044 and I will add again

I like the pull back so far and how controlled it has been to the 0.5 Fib and I believe it will catch up with $ETH next.

Impulse wave continues to look very good too

$HIMS

Ok we have our 3 wave pull back

We have a test and bounce on the 0.38 Fib for Subwave 4

We have the RSI bouncing on 30 on the 1hr

We have the MACD curling up now after a standard pull back

And we got a move from -9% to finish at -2% yesterday

Everything is where it should be right now, so now we ...

$CELH - WATCHLIST -

Upgraded this morning by JP Morgan to $37....which we know is the 1.618 Fib

Well done JP Mogran for that hard work analysing the Fair Value right now.

This could be the catalyst to allow $CELH break away from the 50 Day MA, which we have been watching for all week.

No change to the chart and $37 is next...

SILVER - SAFE HAVEN -

Silver has done a good job here so far flipping the 50 Day MA to support, as the price has been testing this $31.70 support level for 2 days now.

If the price can continue holding above this level then we could see the First Target again at $33.50, followed by a test of the 2.618 fib at $37.4 next.

There is never ...

$BABA TOP 20

I think the market is weighing up China's economic plans and strategies to stabilise the economy and fiscal measures and $BABA is flat in the PM now.

$BABA rose in AH's yesterday as it was announced that Trump has invited Xi to Washington for his inauguration.....which is a very positive sign and an indication that Trum...

$OSCR

I want to remind the group of the big picture I see for $OSCR

I see the price action in the Handle part of the Cup formation now, which has been a common formation for many bullish stocks that have run lately

I have also shared my bullish views and reasons for adding this as a new position

I want to continu...

$ETH

Really strong response from $ETH on the $3700 support line so far and pushing back up towards the previous high now at +$4000

Price is also back above the 50 and 200 MA on the 1hr chart too.

A break above the Wave 5 target at $4097 and I think the year end rally continues and a push to the ATH level at $4865 shoul...