The Long Investor

$BMY

Up +6.5% in the PM now after an upgrade from Jefferies to $53, with a range of PT's from $37 to $75.

I shared this last week to show how bullish it is looking in this ascending triangle, which is my favourite bullish formation.

Broke out now and at $53.

I believe there is a run up to the yellow trend line over the next few months.....it is not a massive amount but it is slow a...

$NIO TOP 20

I really like how this is shaping up

Not just because we have a clear impulse wave and the chart has moved as expected but also there is no surprises here, no extensions and moving well controlled.

But in addition, I have added in the pull back levels now and look where they are aligning....

The 0.38 Fib aligns perfectly with the 200 Day MA and the blue line at $5.30

and...

HSI

Ok I have added in a longer time frame here to show how the HSI can move over the next 10 months.

Right now, the current Wave 3 has gone extended above its 1.618 Fib at 19,745, this is likely down to the trickle out effect of information from policy makers, instead of one large release.

It is unclear how far this Wave 3 will go but I would be surprised it if went beyond the 2.618 Fi...

$BABA TOP 20

Ok moment of truth today, $BABA hit the 1.618 Fib at $107 in the PM today

This has been an aggressive move since breaking out of the wedge, the breakout followed by the retest of the wedge set the way for a strong move and that's what we got.

The price can extend higher above 1.618 Fib if the momentum is behind it and the HSI went up another 3.5% as the Chinese policy makers continu...

$MNSO - RC -

This stock has only been on the exchange since 2020 so we don't have a lot of history to build on here and usually when a stock enters the exchange, there is some consolidation and range bound movement in a corrective wave.

We can make out a cup and handle, with the handle extending now in a channel since the middle of 2023.

Price is holding on the 0.618 Fib in this channel too

$PDD

$PDD got a very abrupt end to its Wave 5 in August when their earnings came in lower than expected and when they lower guidanced, citing their growth was not sustainable.....the price fell very sharply to $88.

It has recovered extremely well and hit $131 today

It is entirely possible that the worst is behind $PDD now but I want to see a higher low in next to show the real strength o...

$QQQ TOP 20

$QQQ got as high as the last resistance Fib level today at $494 and has pulled back slightly for a breather

We know how heavily correlated the $QQQ is with $NVDA and $NVDA also stopped short of staying on the outside of its wedge.

This is shaping up for an interesting day tomorrow for $NVDA and the $QQQ, if $NVDA breaks out then we can almost guarantee that the $QQQ can test its ATH...

$PYPL TOP 20

$PYPL continues to run and we can see that it is testing the 2 Fib now at $79 exactly.

I have set the Wave 5 target at the 2.618 Fib at $85, which is the higher limit of the normal range without going parabolic over extended.

But we must watch for any rejections here now or at the 2.27 Fib at $82

If this happens, we are looking at an ABC pull back before going higher

So ...

$BABA TOP 20

I am glad we updated this chart two days ago to show where we think Wave 3 would settle at, so far the share price has sustained the strength today and is still keeping between +9-10% now, we still have a small bitt to go before reaching the Wave 3 level at $107 and we got close to $105 today.

We have to expect a Wave 4 pull back after reaching this level, I am still in two minds about tr...

$DKNG - RC -

$DKNG keeps pushing higher and has extended now towards the 3.618 Fib which is at $43 now.

This impulse wave does look lob sided now and heavy on the Wave 5 side, so I have added in the amber fib support levels if a pull back happens after hitting the $43 level.

We can see that the 0.618 amber Fib aligns with the overall primary 0.38 White Fib ay $34, so this would be a confluence l...

$SMCI

$SMCI is down nearly -15% now after the a WSJ report today was released on the DOJ probe

We can see on the chart now that a clear rejection happened at the 0.618 Fib too at $490....the timing here is impeccable.

Just need to see a lower low here next and a break down to the 0.78 Fib at $290 becomes a high possibility.  

$NVDA

$NVDA has hit the $126 level now at the top line of this wedge, the market is performing very strong today and if $NVDA breaks out of this wedge over the next few sessions, it could fuel the rise higher.

Astonishing considering what week we are in too.

$JD

$JD is also at the party, having broke out of the wedge this week and above the previous high in the PM now and up +11%.

The Primary Wave 3 is at the 1.618 Fib at $48, from the Wave 1 low at the start of the year, to the Wave 1 high in May.

Any retests of the wedge line or the blue line would be an opportunity to add here.

Right now, after this climb today, do not chase here.<...

$BIDU

Burst through the $94 level in the PM after showing some cracks in the resistance level yesterday.

Price is at $100 now in the PM, which is just slightly above the 1.618 Fib at $98.40 and the 200 Day MA, this is likely going to be a resistance confluence level, so I would be delighted to see a pull back at this point and stop this from running away in an unbalanced structure.

A pull...

$AMD TOP 20

Remember the set up here, we have a double 0.618 Fib hold, above the 50 Day MA and above the 200 Day MA now in the PM, price is also above the blue line at $164 in the PM now too

This was the set up we got on the HSI before it went very aggressive in its own Wave 3.

The $164 is an important support/resistance level, it has been in place since Jan 2024, so breaking above and holding ...

$DELL

Semi's are moving well this morning after $MU released their earnings last night with a double beat.

$AMD has also broken above the $164 level too

$DELL is moving strong to the Wave 5 level at $130 and at $124 now in the PM.

$NIO TOP 20

Success to me is not having to update a chart when a black swan event happens.

Means I have prepared you guys sufficiently.

$NIO is confirmed in Wave 5 now and the price is at the May high now, we can see that the high from Feb is at $6.35, so these are levels I am watching for Wave 5 to complete.....if there is a lot of bullish euphoria today, this could have no issue running as hi...

$YINN

$YINN's pull back yesterday was slightly different to the HSI pull back during intraday movement, $YINN pulled back over -10% at one stage and we can see that the pull back went as low as the 0.236 Fib and held, this was still a shallow pull back for a subwave 4, nevertheless it was enough.

Price is up +17% now in the PM, so we must conclude that this is in Wave 5 now and $38 is the targe...

HSI

OK first of all, congrats all for sticking with us, believing in the strategy and trusting the charts,

It is not easy to go against the masses and it is certainly not easy to hold for extensive periods of time....but this is why +70% of people do not make money doing this.

Charts don't lie, fundamentals can't lie, following theory guides you, execution is all on you then.

Toda...

Every Single Monthly Paying Dividend Stock

Sorry it is not very clear but screenshotting this and zooming in will help you read the chart

What’s also useful is the Dividend Yield column here too.

$RIVN

Some weakness being shown now by $RIVN, price spent August and Sept battling to get above the 200 Day MA and holding on the 0.618 Fib but when it broke below, it tested the 0.618 Fib from below and rejected heavily, and is now moving down to the next Fib level at $10.50 desperate to find support.

50 day MA is likely to cross down through the 200 Day MA shortly too

Bulls need to step...

$IWM

$IWM is pulling back for a retest on the outside of the triangle, breakout level is exactly at the 50 Day MA now too at $215, so this is a confluence level.

A hold at this level and this is in a good position to move higher to complete Wave 3 at $245.

Breaking down into the triangle and we can see that the bottom trend line is aligning with the 200 Day MA, so this is where you want ...

$BA - WATCHLIST -

No changes to our chart here but I am bringing this back to your attention here because the price is approaching a crucial support level now

The 0.78 Fib and the bottom yellow trend line are aligning at $146.

If we see a hold on this level then Wave C could be complete

Boeing is not without risks, it has had a few tough years that they were clearly publicised

But Boeing...

$ASTS

Testing the 50 Day MA now on the 0.38 Fib at $25.

I still believe this has a lower low to be made before it can move higher again, the Wave C target remains the target level at $20, anything below this level and fans of this company should consider scaling in.

I believe $ASTS will make a new ATH in the next 12 months, so having an average below $20 would be impressive.

$DXY

It is worth looking at the $DXY long term chart now and again to remember the trend.

We can see right now that the price is struggling on the 200 WMA at $100 and at times going below this MA.

Losing this level and the 0.618 Fib below at $98 and this is in trouble with a strong drift down over the next 8 years.

Also, $DXY was at $165 in the mid 80's, so the trend is clear.

Barrick Gold - $GOLD - RC -

Not to be mistaken for Gold as a commodity, this is a company.

It has also not made new ATH's this year, unlike Gold either.

That being said, there is still a lot of opportunity available here.

Price has broken out of the channel, above the 0.618 Fib and is now above the 50 and 200 Day MA's, after successfully testing and holding above the 200 Day MA.

I believe this is i...

TWEET - HSI - DOUBLE 0.618 FIB HOLD -

HSI After my tweet about the double 0.618 Fib hold, I got a lot of questions asking for an example, so here it is on the HSI chart.

- Low came in at the start of 2024

- The First Pull Back to the 0.618 Fib was in August '24 at 16,669, making a higher low

- The Second Pull Back to the 0.618 Fib was in Sept at 17,110, which was also at the 200 Day MA

- Which gave us a ...

$MSTR - RC -

$MSTR continues to consolidate in this long triangle while $BTC does the same, as long as it stays within this range, it is protected from any downside, the 200 Day MA has been doing a good job acting as support too.

A breakout at $172, which is the equivalent of $BTC breaking above $69k will be bullish for both set ups

A breakout here and the $220 First Target is next after a new A...

$KO - FORMER TOP 20 - SAFE HAVEN -

$KO is taking a breather at the First Target now at $71, after running very strong after breaking out of the red channel in July at $62.

Traditionally a solid safe haven, which is why Buffett is a big fan of this company

Another 10% is on the table here with a breakout above $71 and holding on the First Target level

Dividend here of 2.7% too.

$SNOW

$SNOW announced a $2 Billion public offering yesterday which was not great timing at its ATL level at $110 and a level that must hold.

They said that $400 million will be used to buy back some Class A shares which may save the price but it was a risky call.....which begs me to ask the question, why take such risk? or did they have no choice and needed to free up cash?

Not ideal eit...