The Long Investor

$SOFI

Another rejection trying to get out of this strict wedge, we can see the tip of the wedge now leads to the earnings date at the end of July, this would put enormous pressure on the price action at this point and I believe that if $SOFI issues a flawless report and good guidance then this can break to the upside and finally break out of this wedge.

50 Day MA would be the first target at $6...

$ABNB TOP 20

Higher high made here again today too but no flip of the yellow trend line to support just yet, $155.50 is the level we want to see hold as support and again, we have another option for us to add to our position.
$ABNB is in a good structure here with a clear route back to the top yellow trend line and has held all important Fib levels and MA's, I like what I see here.

$BIDU

$BIDU pulled back yesterday to start the week but we can see here that it has made a higher low and has bounced +2% today, so this is what we like to see after there is a bounce on a trend line or support line, these are signs of a reversal.

Still very early to say that $BIDU has turned a corner and the HSI still needs to confirm support too.

$94 remains the level where we want to s...

$SHOP TOP 20

No change in structure but stopped out making a higher high so far this week, so this leaves the possibility for another retest of the 50 Day MA which is on the 0.38 Fib at $63, this would be attractive to me to add here, considering we did not add where I have placed the Wave 2 spot.

The most important note is that if the 50 Day MA is tested, that it holds this level before adding, this ...

HSI

Is holding the 0.618 Fib but is battling, the final support level for me is the 200 Day MA, the price must hold here in order to maintain the structure, a break under the 200 Day MA would mean that Wave 1 is infringed upon and the impulse wave can not be valid, so testing times coming up for the HSI.

$BABA, $BIDU, $IQ and $NIO are my holdings and regardless of what happens, I will be hold...

$ETH - WATCHLIST -

We can see that the price action is testing the 200 Day MA from below now, just under $3100, after testing support on the 0.5 Fib Fib twice at $2800 this week....this Fib level also offered support in April and May too, so again the Fib levels are being respected, which is common for $BTC and $ETH as they are technical plays.

Once I see the 200 Day MA flipped to support and hold, I will b...

$INTC TOP 20

Strong performance yesterday and now up +3% in the PM too, which brings the price exactly to the 0.618 Fib at $34, after holding on the 0.78 Fib for over 2 months, the good news here is that the price action is respecting the Fib support levels....when we see this, we know that this will likely continue and use the Fib levels to guide us.

Like I said over the weekend, a flip of the 0.618 ...

$AMD TOP 20

A lot of attention is on $AMD, $INTC and $SMCI now as there are signs of some rotation in the Semi sector.

$AMD remains the strongest set up while $INTC is getting a well earned revival and is up 10% over the last 5 days now.

$AMD has broke out of its wedge and made a higher high now, we always want to see a retest of a breakout to confirm this as a new support but also to give ...

$UBER - IMPORTANT NOTE -

I am going to be honest, $UBER is not something I would be comfortable with holding right now as we approach the 8th of August, when $TSLA announce their Robotaxi projection....I suspect that $UBERs market share will be the target here.

The dates also align with our chart, with Wave B completing in August, followed by a large move down to complete Wave C.

If the 200 Day MA is lost ...

$PTON

$PTON is staying tight in this descending wedge and we can see that the apex of the wedge aligns with the earnings date around the end of August, a breakout of this wedge and there is a move up to the 200 Day MA at $4.50....but there is still a lot of risk here, so proceed with caution here.

I maintain that the best option for $PTON now is to merge or partner with a sports brand, like $NK...

$LABU - WATCHLIST -

Finished up nearly +5% today and still in its ascending triangle, there appears to be some sideways movement in this triangle too but the price is staying above the 50 and 200 Day MA and used the 50 Day MA today as support very well.

The breakout level remains at $122, so a breakout and retest of this level and the First Target is at $180 and has not changed.

I like the look of thsi...

$ZS- WATCHLIST -

Broke above its 200 Day MA and has retested today and held support so far, so I have added in the impulse wave if the support continues to hold above the 200 Day MA, so bulls will have a target for Wave 3, which is at $237 at the 1.618 Fib.

As long as support continues to hold above the 200 Day MA at $194, this is looking good, this is a stock we have been watching closely all year and li...

$ETH

$ETH is still holding its 0.5 Fib and gave us a second test today, however it has also stayed below its 200 Day MA and has had two tests of this moving average from below too.

So certainly a fight going on here between the bulls and bears and I think it is happening on the Bitcoin chart too.

I want to add $ETH but I need confirmation that the 0.5 Fib can hold and this has not happen...

$NIO TOP 20

So far we have a rejection trying to get out of the channel and the 50 Day MA and the price is just sitting on the 0.618 Fib now.

The CFO stepping down may have delayed the recovery and the HSI has not started the week off healthy yet, as the week continues, we would like to see this turned around.

The 50 Day MA needs to be recaptured to feel like there is movement towards a reversa...

$TGT - WATCHLIST -

$TGT is now testing its 0.38 FIB and 50 Day MA at the same level at $151 today, making this a confluence level, a breakout and hold above this and I believe the bulls are in the driving seat and there is a move up to the blue line at $182 next, a higher high above this level and this is into its Bull Case and Wave 3 is confirmed.

I can't deny how attractive this looks right now.

I a...

$CAVA

$CAVA remains in a bullish set up and just broke higher above its ascending triangle today but still no hold above the $97 level on the retest of the breakout.

If $CAVA can breakout and hold above this level then there is a 20% move up to the $117 level.

$RIVN

$RIVN having a strong day and up +4.5% now, bounced on the 0.5 Fib at $13.26 and now at $15.50.

Price is now back above its 200 Day MA and a hold above the blue line at $15.76 and Wave 4 looks complete and this will continue its move higher to at least the 2 Fib at $17.68....I suspect it will have no issue moving higher to the yellow trend line at $19.

$DDOG - WATCHLIST -

$DDOG broke out of its bullish wedge last week and now is pulling back to retest the breakout level at $128, we have this in an impulse wave and in Wave 3, so a retest and hold above this wedge breakout level and we have the confirmation that $DDOG is in its Bull Case and in Wave 3.

Target remains at $168.

$ONON - WATCHLIST -

$ONON is battling on the 0.38 Fib, which is the standard pull back level for a Wave 4.

We can see that the 50 Day MA has offered some resistance here today at $38

So a flip of the 50 Day MA to support and the price has recaptured both support levels and this would be a bullish set up.

$ABNB TOP 20

I have added in the horizontal yellow line, which was taken from the top in August 2023 and we can see that it is a support/resistance level and this is the level where the price action must break above to give the green light to move higher to our Wave 3 target at $208.

The yellow line is at $155.

No test of the 50 Day MA at $150 today, so this can still happen before making an att...

$PLTR TOP 20

HIgher high now made today, not since Sept 2021 has $PLTR been this high.
The next big test will be converting the blue line to support, a breakout and retest is what we need to see here, I would be surprised if this moves aggressively from here to Wave 3, this should take months to happen.

$PLTR is looking healthy but valuations are not particularly cheap right now but it is in the r...

$DAL

$DAL is one of the first companies to report in this earnings season and it will be released on Thursday before the market opens.

Good start to the week and up nearly +2% today.

The 0.38 Fib however has not been converted back to support just yet

That being said, the set up is there for a bounce if the report is flawless, positive beating and a good guidance, Wave 4 would eff...

$HIMS

Market is still finding it feet since the opening with some wings from green to red and green again.
$HIMS opened well and jumped to $21.42 and is still keeping above its 0.5 Fib at $20.39.

I like the structure here, how the Wave 4 pulled back in 3 waves and held above the 0.5 Fib and 50 Day MA and then bounced and the smaller pull back held exactly on the 0.618 Fib at $20.

What ...

$SPY TOP 20

As always please review the $QQQ and $SPY charts together, both charts I use as an opportunity to add extra commentary for the week ahead and this week ahead will be a busy one as we lead into earnings season.

CPI June print is out on Thursday too, which will always make the market uneasy until the information is out....and this is Presidential race season too, so these prints matter, the...

$QQQ TOP 20

$QQQ has used its 1.27 Fib at $473 to catapult this higher and finished the week at new ATH's, perfect retest and bounce.

The 1.618 Fib is next at $508, which I suspect will be hit leading up to earnings, which will start heating up in the third week of July.

We have a very busy week ahead in terms of economic data being released, a number of Fed members speaking, Yellen and Powell ...

$TSLA TOP 20

The bulls are in the driving seat now, they have blasted through the very difficult resistance level and moving to the 1.618 Fib at $265 for Wave 3, around this level we would expect the pull back for Wave 4 and this is judgement time then, which will likely be the retest of the yellow trend line....this is the perfect scenario, a retest, holding and then bouncing for Wave 5.

A retest of ...

$PYPL TOP 20

Bulls so far have stepped in and saved the blue support line and recaptured the 0.618 Fib at $58 but we know the big test is coming up next trying to recapture the 200 Day MA at the 0.5 Fib at $60.....the 200 Day MA is one of the most important indicators the market uses....the rule of thumb is that any price below this level is showing weakness and bearish, so flipping this MA to support again...

$SHOP TOP 20 - WATCHLIST -

Ok I have spent some time on this chart this weekend to make sure we get this right because I know a lot of members are in here and are all in profit who have followed our buy alerts, we want to continue making more here too.

I spoke about the pull back being short BUT, it did go inbetween the 0.38 Fib and 0.5 Fib and within a few cents of $62, most importantly, we can see 3 clear waves ...

$SE TOP 20

We added $SE during the week to highlight the bounce on the green support line and it was as clean as you could ask for, test and bounce! Price is back above the 50 Day MA now too, so this retest of the green line was also a higher low too.

Ideally holders would like to see a higher high next at $76.20 to confirm the trend continues to the upside as shown.

$SE holders do not need to...

$NKE TOP 20

I was hearing a lot of calls that the bottom was in after the post earnings drop but it's rarely the case that a price will immediately rebound, unless there is an overreaction or MM's go hunting for shares and start raiding stop losses, this was not the case for $NKE.....their forward guidance is a concern and since it was for 2025, investors are likely weighing up the benefits here, especiall...