The Long Investor

SILVER - SAFE HAVEN -

Nice pull back here over the last 24hrs, going as low as $30.35

There is still nothing stopping this from going as low as $30 and I expect a lot of volatility leading up to and just after the rate cut is announced.

We would like to see a hold of $30 or at the very least a hold above the wedge breakout level at $29.40, where the 200 MA on the 1hr chart is now.

$VICI - DIVIDEND 5.1%

$VICI which is heavily influenced by interest rates is starting to pull back slightly as the price overshot the 1.618 Fib for Wave 3

Wave 4 is on the 0.38 Fib at $31.71 now, where the 50 Day MA has just passed.

A pull back to this level and most importantly, holding above the 0.5 Fib level at $31 would offer a great opportunity to add to catch Wave 5.

TWEET - $INTC - TOP 20

$INTC 

- At its 1999 price level

- Held at the historical low support range

- 200WMA is at $39, price is at $21

- RSI on the weekly is at 30

It is not without risks here

BUT

Management are taking action

RvR favours the reward side here.

$LI

In my last $LI upload, I said that when I see $LI moving positively, it could signal the resurgence in the Chinese EV sector.

Yesterday $LI bounced +12%

Benzinga:

Li Auto Inc. LI

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$MSFT TOP 20

$MSFT looked beaten up at the start of August but Wave B's always come and $MSFT at the very least is getting a Wave B, if the market reacts bullish to the announcement today then $MSFT can burst through this amber range level between $436 - $450 over the next week and push to the ATH level again at $470

This is why I believe $GOOG can continue moving higher as stated in the last chart. 2024-09-18 11:51:27 +0000 UTC View Post

$GOOG TOP 20

I am not seeing any concern here in spite of the day that's ahead of us

At the very least $GOOG needs a Wave B, just as promised with $AMZN and $MSFT and they have reacted as expected, $GOOG needs to do the same, so I expect a relief bounce to continue, as it is certainly lagging $AMZN and $MSFT

As the market digests the information today from the Feds announcement, if we get a rete...

$ONON Part 2

This Cup and Handle formation is also why I believe there is no rush to sell right now until you see a rejection.

It is showing a further +10% upside to $55, which would make sense if there is a market melt up and completes the formation beautifully.

I regularly back up my EWT charts with other forms of Technical Analysis to see how the align.

$ONON

$ONON has been a fantastic chart for us since we have been following this closely over the last 18 months.

I went to Japan 12 months ago and reported to my surprise how popular this shoe was....it was quite literally everywhere, across all demographics, the price was under $25 at the time.

Price hit $50 yesterday.

Second Target is very close to hitting too, so we have not seen...

$SOFI - WATCHLIST -

Very very interesting set up here for $SOFI as we await the announcement by Powell today on Rate Cuts

• Price has managed to bounce back to the very important blue support/resistance line

• The pull back this month held at a higher low

• And crucially at the 0.618 fib at $6.88

• Above the 50 and 200 Day MA

• And positioning itself ...

  2024-09-18 11:27:55 +0000 UTC View Post

$BIDU

$BIDU has been a heart breaker and tests everyones patience but I am sticking with this as long as they hold their strong fundamentals.

Another test of the wedge bottom line, followed by a bounce back up to the 50 Day MA has happened which is welcomed but we need to see more strength, we need to see a break above the 50 Day MA at $87 and holding above this level.

Ultimately, to get ...

$OXY

$OXY found support exactly at $50 and on the 0.5 Fib, the important observation is that the bleeding stopped

The descent was likely brought on by Trumps advances in the polls but managed to hold support around the debate time when Harris performed surprisingly well to the market.

Bulls will want the price to go back above the 0.38 Fib at $55 or at the very least into the wedge again...

$NIO TOP 20

$NIO gave us a nice pop to a higher high yesterday and returned to the consolidated range again, which is no issue to continue in this range.

$NIO I am holding but am not considering adding in a small wave 4 like this, I would rather add after Wave 5 is complete and completes its small abc pull back

I have a comfortable position in $NIO but we know it is on the higher risk scale com...

$BABA TOP 20

$BABA retest the wedge breakout level and bounced slightly to a higher high.

Textbook here so far and firmly in our Wave 3.

HSI was closed today which is suitable considering what is happening in the US today.

We are a long way from $66 at the start of the year and now at $84.

All we need to see is $BABA continue to move in an impulse count.

$ABNB TOP 20

Textbook here from $ABNB.

No changes to the chart added at the weekend, where we added the green 1.618 fib extension at $127 and the 2 Fib at $130

It is looking very clear here that these levels will be tested soon, pending no outlandish scares tomorrow from the Fed.

We can also see that the 50 Day MA is at the 1.618 Fib too, making this a confluence level.

Once $ABNB b...

$X

US Steel has completely recovered from its drop from $37 down to $27 now, after it was revealed that Biden and Harris would try and block the sale to Nippon

We highlighted at the time of the drop that the US had identified just how important this company is and Nippon feel the same, otherwise their attempted acquisition would not exist.

US Steel CEO is confident that the sale will s...

$LULU

$LULU also has a double hold here on the 0.618 Fib levels.

So again I have added in the 1.618 Fib and 2.618 Fib extensions and it is interesting to see the 2.618 Fib level align with the 200 Day MA right now

$LULU needs a higher high next above $274 to further confirm the trend and that the worst is behind it for now.

AML - BREAKOUT -

Aston Martin has just broken out of this very long and large wedge and is just testing the 200 Day MA, so you are still early.

The 167p level is the price that needs to hold above the 200 Day MA to consider a position

Or if you like Aston Martin, their brand and can hold for long term, then consider where it is now.

$AFRM

Solid hold and bounce on the 0.38 Fib which tells us that $AFRM has completed Wave 4 and is in Wave 5 now.

The blue line at $52 and the 1 Fib at $56.59 is the Wave 5 complete target range.

Above the 50 and 200 Day MA's now too and the 50 Day MA is starting to make its way up to the 200 Day to make a golden cross over the next week or so.

$PFE - WATCHLIST - DIVIDEND 5.59%

I am sharing a lot opportunities at the moment

All of them with solid set ups, mainly with dividends aswell and firmly holding support

I alerted yesterday that $PFE had made a higher high too and has used the 50 Day MA as support to propel higher

It also has a double bullish wedge breakout too

Wave 3 remains unchanged at the 1.618 Fib at $34.22

$HASI - WATCHLIST - DIVIDEND 4.7%

Very clean breakout from this ascending triangle at $34 and continues to look healthy

You are still early here too

As long as the price continues to hold above $34, this can move higher to the blue line next at $39.62

Flipping this line to support and $48.59 at the 1.618 Fib is next

Watch this closely.

$TGT - HIGH ON THE WATCHLIST AND BUYLIST -

In addition to the regular $TGT chart I uploaded, it is worth looking at this again

It is the weekly chart

• Price has been holding above the 50 Weekly MA

• Above the 0.618 Fib at $133

• In an Inverse Head and shoulders right shoulder

• 200 WMA is at $176, meaning, historically this is technically undervalued

• In an impulse ...

  2024-09-17 12:35:34 +0000 UTC View Post

$IWM - WATCHLIST -

$IWM is on the cusp of breaking out of this bullish wedge

Price is just at the limit now at $218, a breakout above this level and holding and we have a bullish signal and Wave 3 would be next at $245 over the next few months

If Mega Caps fall out of favour trying to go higher then their previous ATH levels, then we could see some rotation out of Megas into Small Caps and Safe havens...

$SHOP TOP 20

$SHOP is up +3% in the PM now and looks set to make a higher high next after an upgrade from Redburn today to outperform

200 WMA is now the target at $79.24

We can see that the price went above the 200 WMA in early 2024 but on the retest of this MA, it could not hold and fell very aggressively and came all the way down to $48.

A test of resistance and pulling back to the Buy Z...

ISO4 - (EUROPEAN EXPOSURE TO $TLT) - BUY ALERT- SAFE HAVEN -

This ETF gives European or Euro account holders exposure to $TLT, it is not moving exactly at the $TLT but a very similar bullish set up.

• Wave 2 held on the 0.618 Fib at 3.06

• Moving in an impulse wave

• Price is now above the Wave 1 high at 3.38

• The most important factor here is where the 1.618 Fib is, at 3.8, which is exactly at the blue...

  2024-09-17 12:19:12 +0000 UTC View Post

$AMD TOP 20

$AMD and $DELL have very similar set ups right now, in terms of holding support levels and I have added their Fib extension levels.

$AMD for me looks slightly better as it has pulled back since the middle of August to its 0.618 Fib level again which would indicate a Wave 2 pull back

Price is above its 50 Day MA too, so the next test is the 200 Day MA at $160, above this level and th...

$DELL

$DELL PM movement is right back up to its previous high at $118.18 now and above its 50 Day MA

The pull back over the last few weeks has been shallow and mainly held on the 0.38 Fib at $106, so I suspect this bounce now is Wave 5, so I have it completing at $130

A break and hold above the 50 Day MA here at $115 would be a bullish set up for this next leg up.

Again, this is a b...

HSI

As always, when we have a double 0.618 Fib hold, followed by a series of higher highs and lows, we can add parts of the next impulse wave now, so I have added in the 1.618 Fib extension to show potentially where this bounce can move to, which is at 19798

I am assessing this right now, as the timing is interesting, confirming two higher lows and staying above the 200 Day MA, as Gold, Silve...

$NIO TOP 20

Nice pull back today giving us more information

We can eliminate the running flat formation we spoke about in Saturdays lesson under the $NIO chart and we are down to the running flat option or the triangle formation option for this Wave 4.

A pull back to the 0.38 Fib at $4.89 will just give us a standard zig zag pull back that we are used to seeing on charts in Wave 4.

Whate...

$QQQ TOP2 0

Some volatility today with $AAPL pulling back due to a lower demand for their Iphone 16 and $NVDA finding some resistance.

But we can see on this chart that it was nothing more than a test of the 0.618 Amber Fib level at $473 and this is where the price finished today too.

Right now the price is in the middle of the 50 Day MA and the 0.618 Fib, between $470-$473

The triangle t...

$TMF - SAFE HAVEN -

Final Safe Haven today is $TMF, as I said on X, I believe the market has wholly underestimated the value on offer from bonds right now and with this current set up, I believe they will soon figure it out shortly

Luckily our group has been aware of this since November last year.

$TMF is up again in the PM and I would like to see a move up to the Dec '23 high at $68 next over the next...