The Long Investor

$INTC TOP 20

What we saw this week was a lot of the regular stocks we upload bouncing out of their Buy Zone, $DIS and $NKE as examples, $INTC is still in its Buy Zone and what we have noticed over the years is that the price tends to not wait too long in the undervalued position in a Buy Zone.

$INTC did find some support above its 0.887 Fib at $18 but has not really taken off yet

If $NVDA delive...

$DIS TOP 20

A lot of the legacy sector lectors that we follow that have been beaten up over the last few months had a great week, as superinvestors revealed their new positions and this brought attention back towards other stocks that may be offering value

$SBUX also changed their CEO and this acted as a turning point for the company

Some suggested that $DIS may do the same

Either way, th...

$GOOG TOP 20

The exact same process that I used to buy $AMZN is what I used to buy $GOOG this week.

• Potentially Wave A had pulled back to its 200 Day MA and blue support level at $155

• We could get a relief bounce for Wave B at this point but also a bounce to new highs

• $GOOG had not yet bounced as strong as the other Mega Caps this week

• The price was...

  2024-08-17 15:34:54 +0000 UTC View Post

$BTC TOP 20

$BTC needs to test its 50 Day MA next at $61,500 and its 200 Day MA at $62,500 next and convert these levels to support, that is the only job of the bulls now.

The pull back came down to the 0.5 Fib already at $54k, this should be enough but any rejection again at the levels above and bullish sentiment might slip again in the short term.

I am also watching $ETH, as both positions n...

$BABA TOP 20

Great finish to the week for $BABA, in spite of the slight revenue miss and the confusion behind the FCF heavy decline.

We focused strongly on the technicals this week and it guided is very well.

What I particularly liked was the strong hold in the PM, directly after the earnings were released, it was red but it was not an overreaction, which we noted at the time in the chat group 2024-08-17 15:17:50 +0000 UTC View Post

$ABNB TOP 20

Let me start by saying: I am bullish $ABNB for Long Term.

I have a position (1 Buy) and do want to add to my position

That being said, I am being very calculated with my buys right now and not rushing anything

So the adds I have made this week have been more than enough.

$ABNB I would still like to see more strength because we know Q3 is going to be weak for them.

...

$AMD TOP 20

Very little to add here because we upload this so regularly but again, I added this week at $135 and finished the week strong at $148, very happy to see this.

The very obvious test now for $AMD will be at its 50 and 200 Day MA, which are both at the same level right now at $155.

We saw how $SHOP handled this resistance level this week and burst straight through it, so if the bullis...

$AMZN TOP 20

As we know, I added at $160 and set forward my reasons for doing do, mainly that it was at the perfect point to bounce regardless of whether it was a bounce for Wave B or the start of bounce to a new high.

Price finished the week at $177, so we are very happy with our buy at $160.

We know there is a lot of resistance ahead for $AMZN

• The 50 Day MA at $184

• 2024-08-17 14:49:53 +0000 UTC View Post

$AAPL TOP 20

No changes to the chart here from last weekends chart or the one we uploaded during the week but I have added in the 'MELT UP' level if the market goes full bullish towards the elections and if the Fed does not pivot and Rate Cut in Sept.

So far the bounce since the strong sell off has been aggressive and with no pull backs yet, there has been euphoria buying....likely lead by the fact th...

$BIDU

Less than a week until $BIDU reports before the open on Thursday and we could see a drift up continuing now until the earnings is released

I believe a lot of the concerns surrounding $BIDU are baked in now....this company is both fundamentally and technically undervalued across all metrics, they can buy their entire company right now if they wish with the equity they have.

The 50 Da...

SILVER - SAFE HAVEN -

Silver is our main safe haven and we are up +16% since our initial buy in March, a nice return for somewhere that is just holding our cash.

Gold has hit another ATH again today, while the retail investors have euphoria

Remember the masses don't generally prepare for market pull backs or corrections, they feed on optimism and the fear of missing out will always cloud their vision

$YINN - WATHCLIST -

$YINN has not yet flipped its 200 Day MA back to support but testing it today in the PM.

If the HSI and the chinese ADRs continue to move in a positive count as they have done, the 200 Day MA here for $YINN can be recaptured and a move back to the blue line at $30 is possible next.

Price has held between the 0.618 - 0.78 Fib too but the 200 Day MA here needs to be converted back to ...

$RKLB - WATCHLIST -

Getting some attention here lately, after finding support on its 200 Day MA and of course its 0.618 Fib and has now bounced to a higher high.

$ASTS may have influenced this rise too as people search 'similar' companies in this sector

Price is moving to the blue line now in the PM, was was the previous high in 2023, a break above $6.10 and holding then this is into its Bull Case and...

$FOUR - RC -

Burry has revealed that he has added $FOUR in the last quarter and we have had this chart uploaded since May.

Price has held on the 0.618 Fib and has bounced here too and still in our structure where I see a move up to the blue line at $104, which was the 2021 high

Only 4 years n the exchange now and still in the same formation, so it is difficult to assume that it is starting an im...

$CELH - WATCHLIST -

There is certainly a move back here to the yellow trend line at $48, a 20% jump from its current level, which is not to be sniffed at, the price action will likely meet the 50 Day MA here too, so a pull back can come here next at that point

Bulls will want to see a higher low next and I'll add the Fib support levels if we get this move higher (once the trend line is tested first)

Rv...

$ONON

Old school market observations helped us identify how bullish this stock was, coupled with how strict it has been following our chart and respecting Fib levels

Identified last November when I was in Japan and I saw how popular this brand was, across all demographics, young and old and the share price has run from $24 then to $43 now

Higher high has been made now since earnings and a...

$BKNG

$BKNG with the perfect bounce on the 0.38 Fib and now above its 200 Day MA

Wave 2 wants the 0.618 Fib for support

Wave 4 wants the 0.38 Fib for support

This is the standard pull back areas.

With $BKNG it was also beautiful to see the 0.38 Fib align with the yellow trend line channel....making this a confluence level and it did its job

Wave 5 remains at $4838

$DAL

Another position holding above its 0.618 Fib after putting in a 3 wave pull back

It should be very clear to everyone in this group now of the significance of the 0.618 Fib for an ABC pull back, it is very common right now across a number of sectors

$DAL is still under risk here as the price is below its 50 and 200 Day MA so there is more work to do but value is again on the table h...

$BTC TOP 20

$BTC did not join the party yesterday but nobody in our group would be surprised by this

It rejected at the 50 Day MA and it needed to pull back in 3 waves and that's what it has done so far and has held on the 0.5 Fib exactly at the $56k

As long as the price can hold here or even at the 0.618 Fib at $54k, the price can bounce next and make another attempt at the 50/200 Day MA at $6...

$HIMS

I added yesterday for a number of reasons:

• $HIMS is a core stock for me

• I am impressed with their product, management, future looking market, margins and market share potential

• Superinvestors have also added $HIMS in the previous quarter

• I bought heavy at $11 and added at $18, so adding to my average at $15.70 compliments my position 2024-08-16 10:33:00 +0000 UTC View Post

$BABA TOP 20

Wild day yesterday and in spite of the emotional turmoil by many, there is not a single change to the chart and yesterday we even got higher highs, as the market decided that the less than adequate report is likely factored in now.

Impulse waves when they start, especially when higher highs are made and above the 50 and 200 Day MA are difficult to break down and collapse.....buyers have a...

$QQQ TOP 20

$QQQ has given us the biggest drop in 16 years over the last month and also the largest bounce in 16 years, this volatility is certainly not something we see regularly.

We have superinvestors selling large positions out of US Techs and then other funds buying the dip and now the retail investors buying the dip

We have the $VIX giving us a warning signal which has only been seen in 2...

HSI

A very common sight we are seeing right now is a bounce and potential reversal after testing and confirming support on the 0.618 Fib

We can see here that the HSI tested and then retested the 0.618 Fib 3 times

Each time making higher lows

$BABA reported yesterday and it disappointed me because of its FCF decline but arguably this was put down to their expansion plans and used t...

$BIDU

I need to see a high above $87 to confirm 5 waves and we can confirm that the bounce since $79 was an impulse wave bounce, which is all I need to see.

Earnings will be out next Thursday before the market opens, so we may see a run to the 50 Day MA at $90 before this happens (this is on the daily chart, not above)

I have a large position in $BIDU so I don't need to add anymore right...

$JD

No changes to the $JD chart

Earnings out this morning and the market has reacted positive to it although it was a slight miss on revenue.....by only $40 million

Price has bounced above the 200 Day MA in the PM now but this is where $JD needs to convert this level to a firm support level before it can make an attempt of breaking out of their years long downward channel

$BABA al...

$DG - IMPORTANT NOTE -

If you missed $AMZN, $SE, $MELI, $SHOP and $TGT.....there is also $DG

I flood this group with opportunities every day and more and more people are waiting to just buy when I send out one of my own buy alerts

That is fine but you need to follow my strategy exactly then....but not everyone is prepared to do that, it can't be one or the other because you simply won't hold un...

$TGT

$TGT is following $WMT, $AMZN and $SHOP up in the PM now after $WMT reported no weakness in consumer spending....unlike $AMZNs earnings report where they did report a weakness

$TGT is up +5.5% in the PM now and this too is making its way up to the 200 Day MA but will have to negotiate with the 50 Day MA first at $145

We do have 1 buy in here already and the next buy will be made at ...

$AMD TOP 20

Is moving well with the other Semi's and is still a good bit below its 200 Day MA, which is also where the 50 Day MA is right now at $156

I believe $AMD can move up to this clear confluence level and test here

Testing this level and I would expect a pull back and we would need to see a higher low next to confirm an impulse wave and add the count.

$PLTR TOP 20

Same thought process with $PLTR as I have with $SHOP

What $PLTR has taught me over the last few years is that it is always better to just stay in $PLTR and add on dips

Do not try and time the pull backs and bounces because when you least expect it $PLTR runs very aggressively and although I was tempted to reduce my position in July, I kept to this strategy and just stuck with it and...

$SHOP TOP 20

$SHOP is just sitting on top of its 200 Day MA now, both $SHOP and $PLTR showed incredible strength yesterday as the market was weak after the in line CPI print but these two companies kept pushing higher.

$SHOP does look extended here but this also happened in October 2023 too, shown here with the yellow arrow, when you get a strong climb like this with no pull backs, it is almost always...