The Long Investor

$PFE - WATCHLIST -

A smart member said yesterday after the break out: ' I will consider a position once $PFE retests the breakout level'......and this sort of discipline is exactly what we want to see in this group

And that is what we are getting from the price action now in the PM, a retest of the wedge breakout level at $29.70, so a hold here today and you have your buy signal and good entry point especia...

$CELH

UP +6% yesterday and another +6% in the PM now after an upgrade yesterday, average PT now for $CELH is at $56, so in terms of R v R, the price at $32 does not look too bad

Price has managed to move higher just before the blue line at $26, which suggests to me that institutions have started moving in as they were trying to get in ahead of the market and retail wanting to buy this at $26. 2024-10-10 09:16:02 +0000 UTC View Post

$GOOG TOP 20

$GOOG is hurting more than most of the Mega Caps now and it is likely down to the DOJ comments

However, I believe this is not going to stop $GOOG from either going to our Wave B target or testing the previous ATH level and for this reason I am sticking with $GOOG

But we can see very clearly now that an Inverse Head and Shoulders pattern is forming and what's critical here is that th...

$ASTS

Still not yet finished for me folks

Not seeing the set up for a reversal right now

Price has rejected at the 50 Day MA and the top blue line and not seeing the start of an impulse wave right now, so a lower low is still a high possibility next.

So the 0.5 Fib at $20.50 is still likely at the very least.

$RKLB getting short attacked yesterday is likely the cause of the we...

$PFE - WATCHLIST -

We got the move folks

Price has now bounced on the 200 Day MA and triangle bottom line and now broken out of the triangle top line now at $29.80

I like this company (fundamentally) and I think this impulse wave is well over due at this stage

Dividend at +5% is excellent too.

The perfect scenario here is the retest of $29.80 and this confirms the breakout level is a suppo...

$QQQ TOP 20

$QQQ has broken up above the amber 0.78 Fib now and pushing to test the last Fib resistance level now at the 0.887 Fib at $494, which was a resistance level last week too.

A break above this level and it is back up to the previous ATH line at $503

With this current set up, it is hard to see how the price action does not test the ATH line again.

$NVDA is still looking strong......

$ABNB TOP 20

Ok we are up nearly +10% on our previous Buy Alert here and $ABNB has been moving as well as we wanted, very happy with this impulse wave and Wave 5 movement, so we need to watch for how the price behaves at the 2.618 Fib closeby at $136.57

If the price can comfortably go above this level or even convert this level to support then we can expect a move up to the 200 Day MA at $143 next. 2024-10-09 16:08:53 +0000 UTC View Post

$TMF

$TMF is at an important level now at the 0.618 Fib, it has moved down in 3 very controlled waves now and this is where we need to see support being held above $51, so far on the first test it has held but we want to see strength now, so consolidation or a series of higher highs and higher lows next

Getting back above the 200 Day MA at the 0.5 Fib at $53.76 will be a clear indication that ...

$CCL - WATCHLIST -

$CCL is back up to test the top line of this ascending triangle again, it has been a steady resistance line since June 2023 so it is very important that we see a breakout, followed be a retest and then hold of support, once we see this we can confirm that we are in the Bull Case and in Wave 3.

$19.70 is the breakout level and the price is very close to this level now, so this is certainly...

$IQ

Ok $IQ, it is time to redeem yourself.

Price has pulled back as expected from our last update and the price is just testing the confluence level now at the 50 Day MA and the 0.5 Fib, which we spoke about in the last update too.

This is where we need to see a hold

I will accept the 0.618 Fib too at $2.45 but below this level and there is weakness and a retest of the yellow tre...

$JD

I neglect $JD a bit because I do not hold it but it is moving exactly in line with $BABA and $BIDU and hit its 1.618 Fib exactly, so again we are looking for support to be found here on the 0.38 Fib at $38 to complete Wave 4.

A hold here and $JD can move higher to complete Wave 5 at $62

So I expect this to continue to move with the other Tech ADRs.

$LCID

Getting very very tight in this wedge now, we can see that the 50 Day MA is exactly at the wedge breakout level, so this is an important level right now, a break and hold above this level and the $3.62 support line is next to convert......holding above this level and $LCID could move very quickly to the upside, with $5 being a possible target.

$NET - WATCHLIST - RC -

Some consolidation sideways now for this potential Wave 2, price is holding above the 0.618 Fib and 0.5 Fibs and making higher lows but also making lower highs, so this is a triangle consolidating.....which usually tells us that the market needs more information to make a decision on which way this should go next....earnings report usually provides this info

So a solid beat here on earnin...

$ASPN - RC -

Pulling back to the 200 Day MA for another test, we can see that the price action tested this level in August before earnings and once earnings beat, the price took off and went as high as the blue line, jumping over +50%

Let's see how the price handles this 200 Day MA here this week.

I think the price action needs to hold above the horizontal yellow line at $18 to stay valid, below...

$SHOP TOP 20

It is getting tight in this rising wedge, we saw on the $PLTR chart that although this is a bearish formation, bulls can break this out to the upside too but generally it is not considered somewhere you would enter right now.

Golden cross has taken place this week too, so certainly conflicting views

We have 3 buys in here and happy but we want more and a break down to the buy zone w...

SILVER - SAFE HAVEN -

I am not going to change anything to the impulse count here, I have added the green fib support levels to show where the price action is testing right now but we know the important level is $30 to hold above.

I am up +23% here as a safe haven, somewhere that we wanted our cash to hold its value and its performing just as good as the $SPY YTD, so we are happy with this.

We may still ...

$IONQ - RC -

$IONQ has been moving very well since holding support on the 0.78 Fib at $7 at our Wave C level.

Price is now above the 50 and 200 Day MA and moving in an impulse manner.

I have this moving up to the 2.618 Fib at $10.87 before needing a pull back, if you haven't entered already, then waiting for Wave 5 to complete and then pulling back to the 200 Day MA again would be the ideal leve...

$TECH - WATCHLIST -

$TECH continues to hold on the 0.618 Fib above $70 and has been tested multiple times now since June.

Price is also testing the 200 Day MA again after rejecting at the wedge trend line, a hold here on the 200 Day MA and the price could make another attempt to break out of the wedge at $78.

I believe once $TECH can break out here and hold above $78 then we can confirm Wave 3 is next ...

$CPNG - WATCHLIST -

Bringing this back to your attention now as this is moving comfortably in Wave 3 and looks set to continue to our Wave 3 target at the 1.618 Fib at $32.

The double bottom hold on the 0.618 Fib at $13 was a solid signal for this impulse wave and a break into the bull case confirmed Wave 3 with a higher high.

Very nice looking chart here.

$NIO TOP 20

Holding on the 0.38 Fib now in the PM too, this is a perfectly fine place to complete Wave A and start Wave B next as a relief bounce before we get a further pull back for Wave C to complete this ABC pull back since completing Wave 5.

The 0.5 Fib at $5.66 is looking attractive here as a support level but we must acknowledge that the 50 and 200 Day MA's are moving towards the 0.618 Fib at ...

$PLTR TOP 20

Strategies and discipline protest your portfolio

9 times out of 10, stocks don't aggressively run like this in Wave 5 and trimming where we did works 90% of the time but sometimes Wave 5's go parabolic

I am very happy that I still have 80% of my position in $PLTR and up 100% on my position too.

This is good work since May, lets not get greedy and disappointed that we did not s...

$BABA TOP 20

$BABA is at the 0.236 Fib level now in the PM, so I believe we are in Wave 4 and still more downside over the next few sessions before a relief bounce for wave B of this Wave 4.

We can see that the 50 and 200 Day MA's are quite low here as the Wave 3 bounce was fast and aggressive, so this tells me that the price action should take its time to pull back to allow the moving averages to mov...

HSI

HSI finished exactly on the 0.38 Fib to finish the day, it was a bit of a rollercoaster day with some high swings but the HSI finished the day at -1.3%, having been deep red and followed by some green.

I think this Wave 4 is moving very quickly, as we already have a test of the 0.38 Fib, what we want to see next is a 3 wave bounce for Wave B, followed by another retest of the 0.38 Fib or ...

$SQ

We have a double hold here on the 0.618 Fib and price is also using the 50 Day MA for support to make a higher low.

Price action is now between the 50 and 200 Day MA now too, so a break above the 200 Day MA at $69.15 and holding and we have a bullish signal for Wave 3.

The 1.618 Fib target for Wave 3 is at $80 is also aligned with the top of the channel trend line.

Remember $S...

$AFRM

$AFRM continues to hold above the 0.38 Fib and is now at $41 while having a strong day today.

We can see that the 50 and 200 Day MA are about to complete a golden cross now which is a bullish indicator.

No changes to the chart and Wave 5 for me has still not come in

I think Wave 5 completing before the end of October is optimistic but we'll see how it moves.

$NVDA

$NVDA is running leading into AI Day and since it broke out, it is a clear outlier amongst the Mega Caps right now and is carrying the entire Tech Sector.

There is very little in the way of this hitting its ATH level now at $141, pending maybe a retest of the wedge breakout which would be a fantastic opportunity for those that wanted to add to catch the retest of $141

I would like t...

$NKE TOP 20

$NKE is still struggling to find its feet now after pulling back since its earnings report, price action is just sitting on the 50 Day MA now at the 0.5 Fib for the last 2 days, so support has been identified but no bounce yet here.

The 0.618 Fib is slightly lower at $78.30 as a possibility too

We still have higher highs and higher lows here and testing important support levels in a...

$OXY

$OXY is getting its first pull back after jumped +12% from the 0.5 Fib at $49

Pull backs as we know are needed, I do not need to remind anyone about this

Price action building a structure is an opportunity, it tells us the strength of the structure and where to add when support is found.

So I have added in the white fib levels, if we get a small abc wave pull back, with the ta...

$HIMS

The two wild swings over the last week has made this structure a bit uneasy to read, so we'll prepare in a conservative manner

The main point is that after the sharp decline to $16, price recovered and made a higher high, confirming the upward trend, the pull back was short and sharp so it is unclear which subwave count it was, so I have added the white fib levels to guide us if there is ...

$AMD TOP 20

$AMD continues to move very well and moving in sync with $NVDA, as both companies broke out of their respective resistance levels on the same day.

Wave 3 remains the target at the 1.618 Fib at $197, if there is weakness in the market this week then another retest of the blue line at $164 can happen with no issues, a further hold here and you have another buy signal.

It's hard not to...