The Long Investor

$LULU

Up +8% in the PM now after a double beat on earnings yesterday.

A clean earnings was all that was needed to finalise a perfect impulse wave

Everything about it was perfect:

• The Double 0.618 Fib hold in August and the Wave 2 pull back

• Wave 3 running to the 1.618 Fib and 200 Day MA

  2024-12-06 13:18:38 +0000 UTC View Post

$COIN

How many people were kicking themselves when this broke out over the last 2 days, from a very clear bullish triangle and were wondering just how high this would go?

And the market, does what it loves doing and gives another opportunity in the form of a retest of the breakout level

The 50 MA on the 1hr chart is exa...

$OSCR

Ok this is the 1hr chart, on the daily chart we are below the 50/200 Day MA at $17.44 and this is a level where I want to see recaptured and held as support

In the meantime, this is what I am observing.

• A retest of the 200 MA on the 1hr chart from above

• A higher high and higher low in Decemb...

  2024-12-06 13:03:31 +0000 UTC View Post

HSI

Higher high and higher low now and the price has finished above the 0.5 Fib to end the session....investors appear optimistic again approaching discussions on growth and stimulus plans next week.

As a rule of thumb, when the price is above both the 50 and 200 Day MA's, the trend is confirmed as bullish, when this is bac...

$LUV

$LUV has a very similar set up to $AAL now, these two legacy carriers are looking ready to join $DAL and $UAL on the route to Wave 3, weathering all the turbulence of a strong resistance line that has been in place since 2023....not as long as $AAL however.

Wave 3 is at the 1.618 Fib at $44 with the price at $35 now

$LYFT

$LYFT is getting a very nice 3 wave pull back here after a very strong few months.

We can see that the 50 and 200 Day MA are at the exact same point here just at the 0.38 Fib at $15 so this is a confluence level

Overshooting to the 0.5 Fib or 0.618 Fib is no concern either once support is held.

Chart has not...

$TMDX

There is a lot of interest still in $TMDX and we can see clearly that the 0.618 Fib did not hold on the retest, so the price action is now searching for support and the next support level is the blue line at $50 and directly beneath that is the 0.78 Fib level at $46

The CCO selling shares in the last 24hrs was likely po...

$CELH

Bit of sideways accumulation now between the 0.5 Fib and the 50 Day MA, while still able to keep a higher low so far,

I suspect there will be another attempt at the 50 Day MA shortly which is at $30 now

The Bull and Bears understand the significance of this resistance level because once it flips, it is a strong si...

$TSLA TOP 20

Very strong bounce on the First Target at $330 that we spoke about at the weekends review of the Top 20 charts.

Price is already at $370 now and making a fast line to the Second Target at $400, there is no reason why $TSLA can not overshoot this and return to the blue line which is the ATH line at $414

$PFE

Big test coming up now for $PFE

The bleeding has stopped and the price was able to break back up above the April support line and now it is pulling back to retest this level now at $25

We can also see that this retest level is also the 0.618 Fib

This is on the same day that RFK Jr brought Pharma CEO's togeth...

$JMIA

It may be time again for $JMIA

Up +14% today after releasing some positive dara post Black Friday.

We can see on the chart that the price action has held the very last Fib support level at $3.69 and moving up towards the 50 Day MA now at $4.50

I think getting above the $5 blue support line will drastically r...

$RBLX - WATCHLIST

Thanks to my daughter Pippa for this one

She brought it to my attention and said that a lot of the kids in her school love this game and she is a big fan of it too.

Chart has not changed but we have a clear breakout into the Bull Case now and a higher high, so Wave 3 is confirmed for me, with a target at $77.

$DELL - WATCHLIST -

$DELL continues to hold above the 200 Day MA and the 0.5 Fib at $124 since its pull back post earnings

Impulse wave remains valid and chart continues to look good, especially holding at these levels.

A break above the 50 Day MA next at $128 and we could start to see the Wave 5 impulse wave forming.

If the ma...

$CLSK

Few concerned members today regarding miners so I am reviewing a few of the charts

First of all, $CLSK looks great.

Price has now broken above the $14.88 yellow line, which also means a break above the 200 Day MA, so once the price holds above this level, I believe the pull back is complete.

We are likely mo...

$BIDU

$BIDU has bounced well on the 50 MA on the 1hr chart and we can see that it has bounced up to the 200 MA on the 1hr

This bounce means it has also broken away from the descending wedge again and has given us a higher low.

$BIDU has performed better today than other Chinese ADRs but it has also pulled back the most ...

$HIMS

Ok busy start so far, we have a test of the breakout level and previous high, followed by a pull back to retest the wedge breakout level above $33.

I think this has no issue going to our Wave 5 target at $45, it is a matter of when now and if we will get a chance to add at a lower level

Bulls are very strong here,...

$BTC TOP 20

I have just added the the VERY extended and last Fib extension level here to see what would an extreme version of Wave 5 look like if this was to go a lot higher than the 3.618 Fib at $109k.....and the 4.618 Fib is at $123k

We have not had many circumstances where a chart has gone this high, only $NVDA, $META and $LLY r...

$HOOD

Wave 3 at $41 has now been hit in the PM, this marks an incredible run since $14 in August.

The price has already overrun the Wave 3 target now in the PM too and I would advise caution if you are only entering now, the 1.618 Fib is a solid resistance level and is the Golden Ratio, we always expect a Wave 4 pull back at ...

$COIN

I have been banging the table about $COIN going to $369 since August now at $157 and that looks clearly inevitable now

With a very clean breakout yesterday above the wedge (this happened BEFORE $BTC brokeout too) and up big in the PM now too

A lot of people are asking for the extended level for Wave 5 after the 2....

$MSTR

The chart has no opinion and no bias, unlike me when it comes to this company

But I won't let that get in the way of my charting.

$BTC has run overnight so $MSTR is running stronger now in the PM to reflect this.

It is possible that Wave 4 is complete now having held on the blue support line and in between t...

$BLDE

I have added in the subwaves here to show where I believe we are

The retest here of the breakout levels look like subwave 4 for me but I would not be surprised to see another test between $4.11 and $4.36 again to complete subwave 4 and then moving higher to the subwave 5 target which aligns well with our First Target at...

$AAL - WATCHLIST -

I am very grateful for my morning scan yesterday and was able to catch this small breakout and share it with the group

I have a long list of charts that I have been watching for months or even years that have set ups like this and I share when they are getting close to breaking out

So I have a starter position her...

$JASMY

I think $JASMY has just achieved our fastest +100% move, 12 Days after our First Buy alert and I topped out at +126% when $0.051 hit.

We knew that the 3.618 Fib was the likely area for Subwave 5 to complete and if people trimmed at this point, it made a lot of sense, booking profits after a strong run to exactly our tar...

$JASMY

$JASMY in ascending triangle now, which we know is a very bullish set up.

We can see that the 50 MA on the 1hr chart has also come up to align with the triangle bottom line too as further support

So a break above the top line at $0.042 and the next stop is our Wave 5 target at $0.051.

$IREN - WATCHLIST -

$IREN finished up +10% today, I uploaded this about 10 days ago and there was no denying this bullish set up

We can see that the price is moving up to the green line now at $15.80 next

A break above this level and the bulls are taking control, a break above $17.95 and we are into the Bull Case and Wave 3 is next a...

$BABA TOP 20

We have our 3 wave pull back now down to the 0.618 Fib and finished the day holding on this level.

We have been speaking about this for the last few days now and everything is in place

The bulls need to step in now

We can't ever make a stock reverse just because it tests the perfect spot to pull back to

$OSCR - WATCHLIST -

We have two days of retests on the 200 and 50 Day MA's now, which is why I added again today

We can see in the last hour that the price dipped slightly below the 200 Day MA but it tested the 50 Day MA instead, I am ok with this and the confluence level is so far doing it's job.

We want to see $OSCR bounce away fro...

$HIMS

Little fake breakout over the last 2 days but still staying below the 2.618 Fib at $33

If you entered over the last 2 days, it really doesn't matter if you are holding until Wave 5 either way.

Like I said in the chat group, I've just taken my time to add because I already added to other positions.

I like how...

$BMBL - WATCHLIST -

Ok we got to the 200 Day MA after breaking out of the wedge

Next test is flipping the 200 Day MA to support at $9.10 and the next move can go to the green line at $16, a +68% move.

I do like how this has been moving but I don't think the aggressive move has happened yet

$CELH - WATCHLIST -

Finally starting to look ready

3 wave pull back and a bounce on the 0.618 Fib

Very clear instructions now:

Flip the 50 Day MA to support at $30.30 and the 1.618 Fib at $37 is the target.

I won't be entering here but I do like the set up above the 50 Day MA.