The Long Investor

$BTC TOP 20

$BTC has bounced on the 0.78 Fib Support fib level at $52k and sits at $60k now to finish the week

The market had one of its best weeks in 2024 and $BTC followed it perfectly too.

The concern with this chart is the white circled area, it is a clear bounce in 3 waves, if it is a bounce in 3 waves, it means it can not be an impulse wave.....upward bullish movements can not be in 3 wav...

$BUD - WATCHLIST -

$BUD is now testing the wedge top line today at $65 and has not broken out but must be on the watchlist now

We all have our opinions on $BUD and their marketing campaign that caused this to drop in 2023 but there is no denying the formation right now

Price has consolidated for 20 months in this wedge

Bill Gates has also added this to his portfolio

Fundamentals are not ba...

$IWM

Small Caps have also formed a wedge like $QQQ and $NVDA

We can see that the bottom trend line of the wedge aligns with the 200 Day MA too, this confluence level could protect the Bulls if there is another pull back

If there is a breakout of this wedge at $217, then I expect the previous high to be tested next at $228 and Wave 3 would become a high probability next by the end of...

TWEET - ETH -

I have spoken a lot about the significance of the 200 WMA

Historically speaking, the 200 WMA behaves as a strong support level, it also offers substantial value at this level, there has never been a lower low after testing the 200 WMA for $ETH 

Additionally, the 0.618 Fib support level ...

$ABNB TOP 20 - WATCHLIST -

Testing the top line now at $119, which has already been tested 2 times since the 5th of August, after pulling back to in between the 0.618 - 0.78 Fibs and holding support, to make a higher low.

A breakout above $119 and holding will be a bullish move and a run to the 50 Day MA should be expected next which is at $129 right now.

$GOOG TOP 20

We are now above the 200 Day MA, it hasn't flipped to support yet but a crack has formed and a breakout!

Converting this level to support and we can look forward to a bounce at the very least to the 0.618 Fib at $177.

$DELL

$DELL is at an important level now testing its 50 Day MA at $114.

It is difficult to say whether this pull back is complete now, price pulled back to the 0.5 Fib and held but I can only see 2 waves in this pull back so far but the price is moving well above the 200 Day and testing the 50 Day MA.

If there is a rejection here at $114 then I would expect a pull back again but a breakou...

$LULU - WATCHLIST -

A double hold on the 0.618 Fib here too, once on the larger white Fib and now on the smaller green Fib.

We are seeing a lot of this lately and it is is usually a good indication that further upside comes next

This was seen on Silver and $AMD this week too

Price is just at the 50 Day MA and the yellow trend line, if the Bulls can flip this level here at $266 to support, we coul...

USOIL

Oil is making tough work of this 0.5 Fib at $64.70

Price was tested this week and bounced back to $70 now directly after the debate......likely giving an indication that the market is moving towards a Harris advantage right now

Trump and Vance have often said that as soon as they enter office, they will give the green light to 'Drill, Baby Drill', concerns here is that supply will ...

$TMDX

$TMDX moving very well within our Wave 4 projection and coming back up to test the 50 Day MA from below

A rejection here or before the previous high and there should be a one final leg down to complete Wave 4 as standard on the 0.38 Fib at $123

I can only see 2 waves right now and as always for a corrective wave, (Wave 2 and Wave 4) we want to see 3 waves in order for this to move h...

$RBLX - WATCHLIST -

We have a wedge breakout here now

We have been watching this closely for the last 18 months as it consolidated in this wedge, fundamentals are not great but its potential is high

Brought to my attention by my daughter, who is obsessed with the game and the majority of the kids in her school....something Peter lynch always said to pay close attention to.

A hold above the breako...

$MRNA

$MRNA has lowered their FY25 Forecast and the share price took a hit and dropped -12%

They then followed it up with some cost cutting measures, including a $1 Billion reduction in R&D spending

Not really what shareholders want to hear when this is primarily a company that creates new pharmaceutical products.

Price is down to its October 2023 low, after losing all Fib supp...

$ADBE

$ADBE released earnings yesterday and although it was a beat, the company gave a weak guidance.

I already had this in an ABC structure, so the -8% drop in the PM now is not a surprise considering the set up.

$ADBE is not a buy for me right now, not when $GOOG, $MSFT and Semi's are looking attractive right now.

$ORCL

This chart has not been touched in over 18 months so I don't intend to go near it now.

$ORCL guided higher yesterday and the share price jumped from $161 to $171 in AH's which hit out Wave 3 target and some change

The 1.618 Fib is not a Fib level I would mess around with and I respect it, a jump from $125 to $171 in 5 weeks is also very strong, a pull back would be welcomed here. 2024-09-13 08:47:56 +0000 UTC View Post

SILVER - SAFE HAVEN -

We are back at the $30 important level again

After two successful holds on the 0.618 Fibs, making two perfect higher lows since the start of August.

ECB initiating a Rate Cut yesterday was the trigger to break out of the bullish wedge as we expected and make an attempt at the $30 level.

We need to see this level flipped to support now, any more rejections attempting to convert...

$QQQ TOP 20

$QQQ continues to move very well within this wedge and after yesterdays +1% bounce, the price finished exactly at the 0.618 Amber Fib level again, slightly above the 50 Day MA

A break above this wedge and the next resistance line is the 0.78 Amber Fib level at $486, which was the high bounce level from the 22nd of August

A break above this level and the bulls are in the driving seat...

$FUBO

Impulse wave has been added now as the price action has been moving very controlled and following the Fib support levels.

Wave 2 held support on the 0.78 Fib, Wave 3 bounced to the 200 Day MA but could not hold above this level, so the pull back continued down to the 0.5 Fib and held support

Price has now bounced against on the 0.5 Fib but needs to get above the 200 Day MA to make a...

$ASTS

Continues to maker lower lows now as the price moves down our Wave C

Approaching the Second Target next at $22.50, after losing the 0.38 Fib at $24.85

I would still like to see this move lower to the 0.5 Fib at $20.50 and the 0.618 Fib at $16 may be impossible to ignore.

AML - WATCHLIST -

Getting very close now to testing the wedge top line, a break and hold above will also mean a break above the 200 Day MA which we know is a significant Bull/Bear indication.

Holding above this MA and the advantage is in the hands of the Bulls and I have a very favourable First Target at 460p

Aston Martin got their catalyst this week by acquiring the most successful engineer in Formu...

$DIS TOP 20 - WATCHLIST -

Also bouncing on its 0.618 Fib support

I hope by now we all see the significance and importance of the 0.618 Fib for Wave 2 and Subwave 2

50 Day MA is also in the way here of making a higher high, so bulls know that if they can convert this MA, then the price can make a higher high and we have a reversal here then.

$HASI - WATCHLIST -

I have been watching this in the background lately because of its bullish formation which I showed in the last uploaded.

Price has broken out above the top line now at $34 and is up +3% now

Price is also following our Wave 3

We just need to see $34 converted to a solid support level and fans of this company should pay close attention to this.

$HASI has a FWD PE of 12 and...

$GOOG TOP 20

Very nice bounce on the $151 level today after showing support on this level over the last 3 days.

Like I said before, I do not believe $GOOG has completed Wave B yet and the reason for the price being suppressed is due to the DOJ and EU antitrust investigations.

I don't necessarily think that they will get away with what has happened but I believe a fine, even if it is in the Billi...

$AMZN TOP 20

$AMZN strong bounce out of the bullish wedge, the wedge breakout line was also the 50 Day MA, so once this was cleared the price had no issue moving higher, along with positive market sentiment yesterday and today.

Wave B is at the blue line at $188, this is where we expect a battle between the bulls and bears

Wave B can go as high as the ATH line at $200, where we know Bezos was of...

SILVER - SAFE HAVEN -

ECB cut their interest rates today by 0.25%, the Fed will likely react the same way, Silver and Gold react instantly to government rate cuts and I suspect that Silver and Gold will pop again when the Fed Rate Cut next week too

The instructions are simple with Silver, I am holding until the correction is complete and getting rewarded with healthy agins so far for doing so, making my cash w...

$NIO TOP 20

$NIO could not make it up to the 50 WMA at $6 and is now clearly showing a rejection at the 200 Day MA.

Price has pulled back -7% today which is still not enough for Subwave 4 to be complete

This is also just one wave, we want to see 3 waves

So give this time to move down to the 0.38 Fib

As long as $NIO holds above its 50 Day MA, I am happy.

$REMX - RARE EARTH AND STRATEGIC METALS ETF

$REMX has made it all the way down to our Wave B level at $35 and before we get excited and say that the reversal is confirmed now, the price must continue to hold above $35 or the blue line is next at $24, which was the 2020 Covid Low level.

The 50 Day MA is next at $40.50, flipping this level to support would be a positive move and the 200 Day MA would be next at $47.

$RIVN - WATCHLIST -

I think with $NIO, $XPEV, $LCID and $PSNY moving well, and we are waiting for $TSLA to breakout, then we must put $RIVN on our watchlists.

$RIVN has run ahead of the EV sector since April and has pulled back to a strong confluence level now

In between the 0.5 - 0.618 Fib levels, holding strong with the help of the 200 Day MA

So a breakout or reversal could be next here too. 2024-09-12 13:09:55 +0000 UTC View Post

$ASML - RC -

We have two ascending triangles, followed by two breakdowns and holding for higher support levels.

Price needs to hold where it is now on the 0.618 Fib too

The 0.78 Fib would be next at $680 if the price can not hold at $772.

If the price can hold then this can proceed higher for Wave 3 to the 1.618 Fib at $1223.

$ASPN - RC -

There has been some wild swings here since June, losing 50% and then gaining 100% over a 3 month period, so this should come with a disclaimer that there is some volatility here.

The waves are not pretty either but Wave 3 did test the 1.618 Fib at $32

Both pull backs have held between the 0.5 - 0.618 Fibs to higher lows and have used the 200 Day MA as support too

So bulls wi...

$RKLB

I added this chart 2 days ago to show that the price action has been following our projection and testing the 0.5 Fib at $5.79, and that a hold here and we are looking at move higher next to complete Wave 3 at the 1.618 Fib

Price jumped +8% yesterday

From $5.79 to $6.79

There is still more gains to be gotten here too and a retest IF it comes now(because a lower low has already...