The Long Investor

$CELH

Signs of a double bottom here now at $52.

We have not seen a higher high or higher low so we are still early but there appears to have been support found just above the $50 level.....which was a very obvious support level, bulls started adding before it got the chance to test

$50 is not ruled out yet but lets watch for signs of reversing now, recapturing the next Fib level at $62 i...

$F - DIVIDEND 4.45%

It is not just the EV sector that has been enjoying itself, the ICE legacy manufacturers are moving strong too.

$F (which is a former Top 20 company) has not made a higher high and testing the wedge breakout level, which it has been in since the middle of 2022.

The pull back over the last few months held between the 0.5 Fib and 0.618 Fibs, meaning its pull back is aligned with the s...

$PDD

$PDD continues to be the strongest Chinese ADR and it has been for the last 18 months.

We can see since the start of 2023, that every pull back has been held by either the 0.618 Fib or the 0.5 Fib, which is terrific to see and as a structured as you'll see.

Even the recent pull back held support on the 0.618 Fib between the 50 and 200 Day MA.

Wave 3 looks inevitable to finish ...

$PSNY

We are seeing clear signs of a positive shift towards the EV sector lately, not just from $TSLA, $XPEV, $RIVN and $NIO but $PSNY has now broken out of its very long wedge and above its 50 Day MA, there is certainly risk on the table here, so we would need to see a lot more strength to consider a position here but this is moving with the sector.

A move up to its 200 Day MA at $1.70 is poss...

$RIVN

If there was any doubt before of the accuracy of EWT and Fib levels, this week has shown their true power.
Used correctly and cross checking with moving averages, it is possible to paint a very accurate picture of where the price can move to, pull back to and bounce again.

$RIVN is now up +11% today after we said in the last update that Wave 4 was complete and we could get a run up to ...

$TGT - WATCHLIST -

I started my first position in $TGT today for a number of reasons, one of the big ones is that I have been waiting since the pull back in March '24 to add, since observing the V shape recovery since it started in October '23

Bullish signals:

• Price held on the 200 Day MA

• Price pulled back to in between the 0.5 Fib - 0.618 Fib, which is standard for a Wave 2 pu...

  2024-07-12 17:05:50 +0000 UTC View Post

$TSLA TOP 20

So $TSLA hit the 1.618 Fib and rejected, on the same day that news broke that the Robotaxi project will be delayed until October, these Fib levels have a habit of aligning with announcements, we can speculate what leads what another time.

Price then pulled back almost exactly the the yellow trend breakout line at $233, which is also the 0.38 Fib, which is the standard level we look out f...

SILVER

Silver is starting to curl down here slightly so although we have a higher high in now, we want to see a higher low, so I have added in the white Fib levels to see where this can find support to put in a higher low.

Conveniently, the $30 level is between the 0.5 Fib and 0.618 Fib and we also have the 50 Day MA in there too, making this certainly a confluence level and if we can find suppo...

$HIMS

Reports their earnings in about 3 weeks and I expect another beat and what I am most keen about hearing is whether or not they turn a profit in this quarter, right now they are just on the cusp of turning a profit, with -0.25% profit margin, any improvement in this quarter and that flips to green, with the introduction of the GLP drug, I suspect it was a strong quarter too.

We could start...

$PSO - WATCHLIST - RC -

This is a requested chart but it is a juicy one, requests like this that come in will be uploaded as they benefit the wider group.

Bullish signals:

• Inverse Head and Shoulders pattern

• Ascending triangle formed, with the breakout level at the same neckline as the IH&S line at $13.14

• Above the 50 and 200 Day MA, using the 200 Day MA as support<...

  2024-07-12 11:58:10 +0000 UTC View Post

$TOST - RC -

$TOST appears to be forming a Head and Shoulders pattern which is common with a Wave 3, 4, 5 and the start of the Corrective Wave A and B, so I believe that this pull back will continue down to the 200 Day MA at the 0.5 Fib at $20.81, a hold here or on the 0.618 Fib would make this attractive again, as long as they do not miss on their earnings report again.

$ETH

$ETH was looking like it could hold above its 200 Day MA yesterday after CPI but on the retest we can clearly see that the price did not hold above the 200 Day MA and is now sitting below this level right now.

All is not lost, there may be another attempt, there was a large rug pull in the market yesterday, especially amongst Mega Caps and strong rotation into undervalued positions, $ETH ...

$NIO TOP 20

Testing the channel breakout level now to end the week and I think we can all feel that the momentum has been behind Chinese ADRs lately but $NIO has not had its bullish shot just yet, this may change shortly, a breakout of this channel will almost certainly mean a breakout above the 50 Day MA at $4.90, staying above this level is the main aim of the bulls and then recapturing the $5.32 level 2024-07-12 11:38:13 +0000 UTC View Post

$BIDU

What a difference a week makes.

From testing the lower wedge support line above the final 0.887 Fib at $84 to $104, breaking back above the 50 Day MA and about to test the top trend line again, where the 200 Day MA is waiting.

Like I said on the HSI chart, we have a high now but no higher low just yet, this may come before the test of the yellow trend line, so a pull back to the bl...

HSI

Nice sight to wake up to and good finish to end the week.

Over the last 2 sessions, HSI has rose 4.6% which is a significant jump and most importantly, it happened after finding support on the 0.618 Fib and above the 200 Day MA.

Price bounced to finish the week just testing the 50 Day MA.

So we have our higher high now but not our higher low just yet, this may come before the ...

TWEET - Be Greedy for Support Confirmation

$ZS

It has been a busy 2 days for $ZS but the chart is clear, the 200 Day MA is the level that needs to be maintained.

We can see that it was briefly lost yesterday and immediately recovered and then today, we get a hold and bounce above the 200 Day MA.

The market knows exactly the importance of this MA and bulls are fighting to maintain it.

As long as this continues to hold, then...

$UNH

$UNH has its earnings on Tuesday the 16th and if you can remember back to its earnings in April, after a positive beat, the share price jumped from $437 to $528.

Since then the price has pulled back below the 200 Day MA but holding on the 0.618 and 0.5 Fib and has tested the 200 Day MA multiple times from below.

Another positive report and I believe the 200 Day MA won't hold and thi...

$XPEV

Having a good day today, in spite of consistent mediocre production numbers over the last few months.

$XPEV dropped news today that they are revealing their new European G6 model shortly in the UK and the market appeared to like this news, so although $TSLA dropped -7%, $XPEV jumped +7% and is outperforming $NIO too

We can see on the chart that $XPEV is now above its 50 Day MA and ...

$SOFI

$SOFI along with $AFRM enjoyed the CPI print today and the prospects that Interest Rates could be cut by Sept, since the market is now giving this an 85% chance that it is possible.

Low rates mean more movement of capital for financial companies, which help increase revenue.

$SOFI has also been consolidating for nearly 2 years between $8 and $4 so it has absorbed a lot of the hit d...

$AFRM

Nice +5% bounce on the 0.618 Fib at $28 again this week, this is the second test of this support level and holding.

We need to see a higher low next, followed by a higher high and to recapture the 50 and 200 Day MA's at the 0.5 Fib at $32.73.

Long term I think $AFRM is going to be a good contender, along with $PYPL, $SOFI and $SQ but there is still risk here under these important ...

$TLT - SAFE HAVEN - 3.6% DIVIDEND

Bonds are at their cheapest levels since the Financial crash in 2008.

They may be slow to recover but I expect them to recover over time and may accelerate during a market correction.

You also get 3.6% dividend for your troubles while waiting.

A 10% climb over the next 12 months is certainly possible, with 3.6% Dividend, makes this attractive.

$ADA

I have only bought $ETH and I have 10% of of portfolio allocated to $ETH, so I regard this at my limit but I like the set up and feel comfortable that it will continue moving higher as shown.

That being said, a small amount here on $ADA, potentially holding on the 0.78 Fib at $0.35 could reap strong returns which I would then add to my $ETH position down the line.....this is what we did i...

$SHOP TOP 20

I think we can expect a retest of the 50 Day MA on the 0.38 Fib at the very least at $63 before potentially going higher

$SHOP is also on my shopping list but I would rather wait for a pull back before adding here again, as I already have a strong position and there is no rush here, it is not looking like breaking out like $TGT or confirming support like $ETH right now.

$AMD TOP 20

$AMD has stopped out at the 1 Fib at $187 exactly but as we know, for Wave 3, we expect a rejection at the 1.618 Fib so I do not think this resistance will hold and this can move higher to our Wave 3 target.

If for any reason, possibly due to very weak market sentiment, there is a pull back to the wedge breakout level or the blue line at $165 and there is a hold of support here, then we a...

$TSLA TOP 20

A lot of our members sold some here at the 1.618 Fib at Wave 3 because: 1) they trust our charts and 2) also they know how crucial the 1.618 Fib has been for Wave 3, after a strong move from $144 to $265 over such a short period of time, a pull back was due and that's what we are getting.

So all eyes will be on the pull back now, the 1 Fib is at $228 which is at the yellow trend line too....

$TGT - WATCHLIST -

Very nice bounce on the 0.5 Fib and 200 Day MA at $142, which was a confluence level and now the price is back up to the 50 Day MA at $152, we can see clearly that the moving averages are squeezing the price in the middle.....this is usually met with a strong move....and we believe it will be to the upside.

A breakout above $152 and there is a move to the 1.618 Fib at $162 next.

$IQ

$IQ is now back to its 5th of June levels, erasing all losses over the last month, yes it was a harsh decline but it found support and reacted positively since then.

We didn't sell either and have no intentions too.....holding undervalued positions should be no issues for you as long as the fundamentals don't change and there were no changes here.

If this was something that you stru...

$DAL

$DAL reported today and although on paper it was a negative miss, it just slightly missed but the Q3 guidance was the damaging part, which was aimed lower. In the PM we saw a -10% decline which has now recovered to -5.5% now.

The 200 Day MA has also offered support here and has so far done its job....my concern here now will be the infringement upon the Wave 1 top at $42, meaning accordin...

$IWM

Strong rotation today after the CPI released cooler than expected data, the US 10 year has dropped -2.5% today too, meaning a strong move into undervalued positions in the small cap market.

Price has now jumped to the ascending triangle top line and although it has broken out above this line, this level has not flipped to support yet.

A hold above the $210 line and we could see a st...