The Long Investor

$IQ

$IQ is also a Chinese Stock which I have no issue holding

And in this sweet spot where both fundamentals and technicals have aligned to show an undervalued position that is perfectly ready to make a strong move.

The pull back since the earnings has allowed a retest of the 50 Day MA and the 0.5 Fib but has also helped the RSI come down to 38, it was at 86 just before earnings.......

$BABA TOP 20

This chart does not give me concerns, in fact I do not have any concerns with $BABA, $BIDU and $NIO....patience is the skill we have learnt.

I will never have an issue holding a stock that is fundamentally undervalued across all metrics and for $BABA and $BIDU they are as undervalued as you'll get right now.

HSI pull back has been flawless but remember it is a mean of the market, so...

$NIO TOP 20

It would be difficult to expect too much movement here as we are so close to earnings on Thursday morning before the market opens.

Structure has not changed and working to test the blue line at $5.30 which we know was a support level earlier in the year but was lost in late March.

Regarding earnings, the best outcome would be that the market considers the worst is behind $NIO and Q2...

HSI

This is where you start blocking out the noise and your negative thoughts and start focusing on what the chart is telling you.

Right now, we have the perfect pull back for Wave 4....a pull back made in 3 waves and holding on the 0.38 Fib and for the second day, holing support on this level.

This could not be anymore textbook if I drew the price action myself

I have white circl...

SILVER - SAFE HAVEN -

$30 was lost this morning and the price action is now moving to test support on the Fib levels

All charts behave the same way, regardless of what they are and Silver is no different.

$30 is the historical resistance level, so converting this to a firm support will be vital to move higher but there is no reason why the price action can not test standard Fib levels before regaining th...

$LABU - WATCHLIST -

It could be time for Biotech to start having its moment

Pull back since Feb has now completed 3 waves down, flushed down to the 0.78 Fib but quickly regained its 0.618 Fib and 200 Day MA and has now successfully flipped these levels to support and had a strong day today too.

Remember this broke out of the wedge in Nov '23 and ran perfectly to our First Target and then pulled back a...

$JBLU

Starting to look very attractive here.

Remember this is a company where legendary activists investor Carl Icahn has been building a position at the start of the year.

An industry he knows very well

I can see a pull back now in 3 waves after completing Wave 5 and the pull back held on the 0.618 Fib level perfectly and has now bounced.

I want to see the middle blue line at...

$CLSK

$CLSK is still consolidating within this yellow channel in Wave 4, managing and doing well to test the bottom line and find support....$BTC has been taking its time too to decide a direction so this is probably why $CLSK has not taken a direction yet.

Consolidations like this are also common in Wave 4....$UNH and $CP both had Wave 4's that lasted well over +2 years.

So there has bee...

$AMSC

Curious to know who is still holding here

This was a a chart of the week we put up back in August when we said that this has the potential to take off as it was one of the front runners in developing a semiconductor that could be cooled at room temperature, which is considered ground breaking.

The price was around $8 that week

Should we bring back the Chart of the Week?

$PLTR TOP 20

$PLTR chart without EWT is as much bullish as the chart we regularly use.

Price action is still in this bullish flag, as part of a larger Cup and Handle formation, with it finishing in the short term at $29.

A break above $29 and we could be looking at a situation of this running back up to its ATH line at $45, which also aligns with our EWT projection.

S&P 500 will make a...

$BMBL - WATCHLIST -

$BMBL remains in a very strong position since its breakout of its smaller and larger wedges.

Pull back last week hit in between the 0.38 - 0.5 Fibs which was just above the 200 Day MA too

Price held at this level too and reacted well and bounced.

I believe this can start moving higher over the next few months to the blue line at $15

This is not something I would consider...

$MRNA - WATCHLIST -

$MRNA continues to move very well in this pull back but I think it needs to slow down slightly and allow the 50 Day MA to catch up with the strong move.

So a test of the 0.38 Fib and consolidating along this level and confirming that this as a solid support level until the 50 Day MA moves higher would be ideal here to see.

Alternatively, if the price continues to move fast, a retest...

$JMIA

Moving very well now in this potential Wave 3.

We want to see a breakout above the previous high which was Wave 1 at $8.17, where I have added in the green line

A breakout and hold above this line and we can confirm that Wave 3 is underway.

No changes to the targets but I have brought the dates forward slightly because of how fast this has been moving.

Nice looking chart...

AIR LIQUIDE - EURONEXT - RC -

Moving very well here in this Wave 3 and comfortably using the 200 Day Moving Average as support to climb to higher highs.

There may be another test of the 200 Day MA shortly but this will present another opportunity to add to your position as the price drifts higher to the 1.618 Fib at 223.

This is a company I am familiar with and we use their products onboard our aircrafts and ar...

AML - Aston Martin - WATCHLIST -

I am always looking for strong branded companies which have been suppressed for a long period of time and now moving in a manner which suggests a reversal is possible.

Technically this has been moving well in this descending wedge but still at risk of drifting lower in this wedge until there is a breakout, so right now there is no buy ......but a breakout of this wedge would also mean a b...

$OXY

$OXY has pulled back to the strong confluence level where the yellow wedge trend line, the 0.618 Fib and the 200 Day MA all converge on each other and so far the price action has managed to hold on this level, staying on the outside of the wedge most importantly.

This pull back has been stronger than expected but still holding well

This is a Wave 5 so waves can overlap each other (e...

$ETH

$ETH has been holding up quite well over the last week and has only managed to pull back to 0.236 Fib so far, which would not entice me to add to my position here, I would like a stronger pull back to consider adding to my position.

The 50 Day MA is right at the 0.618 Fib so this would be the sweet spot for me to add to get maximum return on my next buy.

So for now I will wait, I do...

$INDA

$INDA is up +3% in the PM now which is a strong bounce for this exchange but we can see that this is a positive continuation now after holding support on the green support line, which was the 2021 high.

The price has also used the 50 Day MA to move higher too and has now bounced strong.

I would expect $INDA to continue moving higher over the next 9 months or so to reach the top tren...

$NIO TOP 20

Positive start in the PM for $NIO after the market digests the +20k figures reported on Saturday for the month of May

Coupled with the positive hold of support by the HSI

The plan remains the same here, after holding on the 0.5 Fib and the 50 Day MA, we want to see a higher high next to show that the trend is moving to the upside and in an impulse manner.

So far I am happy the...

HSI

We were expecting a bounce today here to confirm a hold on the 0.38 Fib and this is what we got today, up 1.78%.

Two reasons behind this:

'The Hang Seng soared 323.43 points or 1.79% to end at 18,403.04 on Monday, snapping the downward momentum in the prior four sessions following upbeat Chinese PMI data from private survey data that showed manufacturing activity rose the most i...