The Long Investor

$ASTS

$ASTS has pulled back over -35% so far, which is more than fair and expected after a run from $2 to $39

The blue line was the 2021 high, which is closely aligning with the 0.38 Fib, which is a common level for Wave A to complete, so I would expect a possible short term support here and bounce for Wave B, before moving lower to the 0.5 Fib - 0.618 Fib to complete Wave C

It may be att...

$KO

Excellent work here from $KO, a former Top 20 chart

Price broke out above the red channel and jumped to the blue line at $67, sliced through this previous high with no issue and is fast moving to our First Target at $72.

I expect some resistance here and even a retest of the $67 level is possible before moving higher.

Dividend 2.71%

$LABU - RC -

$LABU's ascending triangle breakdown at the start of August with the market sell off has caused some concern here on the chart but there is still a lot to be bullish about here

• Price is back above the ascending triangle

• Held on the 200 Day MA and bounced

• Above the 50 Day MA too.

• Another retest of the ascending triangle top line at $126,...

  2024-08-28 17:37:14 +0000 UTC View Post

$PENN

It has been revealed this week that more Americans gamble than invest which is a crazy development considering gambling has been illegal in many States in the US, so I am going to keep charting $DKNG but it has brought me back to $PENN too.....which is testing its 200 Day MA at $20 lately

This is also the channel break out level too.

A break out and hold above $20 and there is a mov...

$RIVN

Is having some difficulty at the confluence zone around the 0.5 Fib at $14.17, which is also the 200 Day MA and we can also see that the price action tested the 50 Day MA just above this level.

We know now that this is a resistance level and getting above this level will be a significant win for the bulls.

A pull back may be needed first, so a higher low above the 0.618 Fib at $12.7...

$ANF - RC -

It has been a day for bubbles bursting.

$ANF is down to $137 now after hitting a high of $196 in May.

$ANF reported today and it was a double beat but margins came in lower than expected and the share price is down -18% now

Wave A for me is already in and I believe Wave B is complete too....this aggressive pull back confirms Wave C for me.....the 0.5 Fib or below at $102 would...

$AMD TOP 20

$AMD is another core stock I will be looking at adding too but we are just approaching the 0.38 Fib here, for Wave 2, the very least I want to be adding is below the 0.5 Fib, I don't want to time the bottom but adding to my average at $142 is something I am comfortable with.

$AMD, $SHOP, $PLTR, $TGT, $ABNB, Silver and $ETH are all targets for me, so I just need to wait for them to hit ou...

$TGT

$TGT is still on my list to add but the plan remains the same here, wait for a pull back to at least the 200 Day MA at the 0.5 Fib at $150 before adding

We want to see a move down in 3 waves and right now I believe we are potentially only in wave b here before a further pull back.

$TGT I believe is a solid add because it is a discount store that sells branded goods, so in a downturn...

$SHOP TOP 20

We are finally seeing some bending downwards now and a move initially to the 200 Day MA at $71

Although I am a holder here, I would like to see more of a pull back than just to the 200 Day MA, I would like to see at the very least a move to the 50 Day MA at $66, which is also the 0.38 Fib and then I will add

A pull back just to the 200 Day MA is not sufficient enough for me to add 2024-08-28 14:35:34 +0000 UTC View Post

$SMCI

Horrific two days for $SMCI, rejecting at the 0.5 Fib before the short attack came out and then delaying their 10k report today is not a good look, the market is certainly spooked and their actions almost confirm the short attacks report on malpractice.

$SMCI need to come out and address this issue asap to help their stock now

 A drop from $1228 to $407 today will need answers....

$NVDA

The big one.

Earnings out later and I think everyone on the planet may be aware of this.....at least inside of the financial world anyway.

I have spoke about this before and at length in the weekends briefs and I think it is too close to call

Any blemishes on the report, especially on delays with Blackwell and the market may not take kindly to this....but I think the earnings ...

$LI

$LI has just reported and it's been a mixed bag.

Profit halved for the quarter but they have guided for stronger sales....so the share price is quite tame in the PM now.

My belief is that the EV growth sector from China will likely reverse only when $LI signals a reversal, they are leading $NIO and $XPEV but trail BYD and $TSLA as these companies are in more mature stages

$LI ...

SILVER

I simply love how Silver moves, as it strictly follows EWT and Fib levels.

Wave 4 held exactly on the 0.38 Fib and bounced for Wave 5, price hit the resistance level at $30 and pulled back for Subwave 2 of Wave 5, and where did it find support?....exactly on the 0.618 Fib at $29.35, which was also the 200 MA on the 1hr chart.

wave 2's aim for the 0.618 fib, as seen on the illustrati...

$ETH

In spite of the large sell off late last night in Crypto, there are no changes to our $ETH chart from the last one we uploaded.

$ETH was not near it's 50 or 200 Day MA and the white Fib levels as shown were already on the chart.

We can see that the sell off went exactly down to the 0.618 at $2400 and have so far held support

These are the standard Fib levels I put on each char...

$XLV - SAFE HAVEN -

The healthcare sector continues to look bullish and like no other sector right now

People need medicine and to be taken care of in spite of any economic conditions

Medicine also does not follow the laws of elasticity of demand

It is worth highlighting this chart again to show its targets for the next 18 months and it has a 1.4% dividend

$PFE
$UNH
$CURE
$XLV
<...

$SLV - SAFE HAVEN -

A lot of people can't buy Silver as a commodity with their broker so they buy $SLV instead

It moves exactly with Silver but they have different prices

So SILVER at $30 is the same as $SLV at $27.40

And $SLV is of course testing $27.40 now, as SILVER tests $30

Both plans remain the same, converting their respective levels to support and they can move substantially higher....

$SKX

It is not only $ONON running but $SKX has had an incredible run since finding support on its historical support line at $57 and now sitting at $69

No changes to our chart in over 18 months either

The Wave 3 target remains at the 1.618 Fib at $94.

$PFE - WATCHLIST -

$PFE along with $LLY came out swinging today after $HIMS, they have both made it available to sell drugs through their own new online platform, a direct to consumer website, this information has not moved the dial for $PFE but it did put $HIMS under some pressure.

$PFE is still holding above its 0.618 Fib and 50 Day MA and if I am being honest, it looks like it is ready to move in higher ...

$NIO TOP 20

$NIO has been flirting with the top trend line of this channel all week, in spite of the outrageous 100% tariff Canada has implemented on Chinese EV's which I believe breaks the rules of the WTO.

The wedge is tight now, so a direction must be taken this week I believe, we want to see a break above $4 and holding and then a break above the 50 Day MA at $4.30

A break down and we are l...

$CURE

$CURE has been reaching for the $149 level now since breaking out of the larger wedge at $100, up +37% now since we first uploaded this and there has been no changes to the impulse count.

I believe this will have no issues moving higher and the $149 level is looking good now.

Flipping this level to support and we could see even more buyers come into $CURE.

$RKLB - WATCHLIST -

$RKLB is pulling back nicely now and I like how the 0.38 Fib at $6.16 aligns with the blue potential support line, making this a confluence level

A hold here or the very least the 0.5 Fib at $5.79 and this is Subwave 4 of Wave 3 complete for me and then next move will be Subwave 5 to complete Wave 3 at the 1.618 Fib at $8.

$UBER - RC -

Very little has changed since the last upload, we are still observing a shallow pull back for this ABC correction, in between the 0.38 - 0.5 Fib but the price action has bounced well since and is above its 50 and 200 Day MA now

A pull back to test a higher support will tell us all we need to know next

So I would be looking for a test of the 200 Day MA at $67 or the green Fib levels ...

$SMCI

I uploaded this yesterday because I noticed that $SMCI was performing a lot weaker than the other Semi companies and was down -8% on the day, way out of sync with the other companies too.....we also observed that the 0.5 Fib at $629 was a persisting resistance level and the price was still below its 50 and 200 Day MA

Short attack today caused a flash sell off down -8% but has recovered to...

$BTC TOP 20

$BTC has so far not held on the retest of the 200 Day MA, it is also at risk right now of losing the retest of the 50 Day MA, losing both of these levels is not a positive signal for $BTC in the short term

Bulls at any stage could make another attempt at getting back up above the 200 Day MA at $63,400 but the price must hold above this level to be considered bullish, another rejection at ...

$PLTR TOP 20

$PLTR has given us a very clean rejection now at $33 and at the yellow trend line.

I have no interest in adding before the blue support line is tested, I would rather wait until a test and even lower depending on how this is moving.

Only one wave down so far I can see, so we always expect to see a pull back move in 3 waves, so there could be a relief bounce this week depending on wh...

SILVER - SAFE HAVEN -

Small battle going on at the $30 level now, the overall message is that the bounce since the mid $26's has moved in an impulse count, so I am bullish on Silver for the foreseeable future and certainly until the market starts its correction.

I will keep to my plan of moving Cash into Silver once $30 is broken and held.

Silver I believe has one of the best set ups right now as a safe ...

$HIMS

How many times have we seen information get released and $HIMS flushes, only to stabilise and move higher next, enough times since the start of this year to know that this time is no different.

I was anticipating a lower low from the 5th of August today but it has not come yet, as was discussed in the chat group, there are a lot of support levels close by, the next one being the trend lin...

$AMD TOP 20

It will be very interesting to see if there will be a flush down to the 0.5 Fib today at $142 as we lead into $NVDA's earnings release tomorrow.

A test of the 0.5 Fib, puts this in the perfect position to move higher next if $NVDA smashes their earnings and give no cause for concerns with their guidance

$142 is a level I would be comfortable with adding too.

$VICI - WATCHLIST -

$VICI has been superb since we started charting this, we waited for a breakout of the channel and this happened in July, we then wanted to see a retest of the $31.30 breakout level, this happened and then bounced exactly up to the 1.618 Fib for Wave 3.

IF you get a chance of a pull back here, back down to the 0.38 Fib, which is at $31 again, this is a fantastic opportunity to add or start...

$HASI - WATCHLIST -

Ascending triangle has formed here since breaking out of its downward channel in April

Price is above the 50 and 200 Day MA's too and has tested the top trend line at $33 4 times now.

A break and hold above this level and I expect a bounce to the $39 level next.

I am particularly impressed with their FCF growth performance and trajectory.

A break above $39 and the bull c...