The Long Investor

$TSM

$TSM up +5% now and no changes to the chart since the last one I uploaded.

Looking at this now, the movement has been very straight forward with the Wave 4 pull back to the 0.38 Fib as standard and now bouncing, back above the 50 Day MA and has now made a higher high.

I expect $TSM to be in Subwave 1 of Wave 5 now.

Wave 5 target remains at $186 at Fib 2.

$BIDU

$BIDU has not followed the HSI today and is -1.7% down as of writing this which bodes well for our abc Wave 2 move down.

We should be watching to see how the price action tests the 0.38 fib at $107, which is also the same level as a larger 0.618 Fib, failure to hold this level and the price should come down to the 0.5 Fib at $104 and the 50 Day MA should be here waiting for the price acti...

$CL - SAFE HAVEN -

Textbook.

No further words are needed here.

$ARKK

Is $ARKK about to turn this around?

Price has been consolidating within the blue line range since early 2022 and had not looked like building an impulse wave until the start of November 2023.

Since then, the price has bounced up to the top blue line again and has pulled back in a bullish channel and has so far held on the 0.618 Fib....

However, the price is still below the 20...

$HD - RC - FORMER TOP 20

$HD has been moving well in the Bull Case, it has already tested the First Target and pulled back to test the triangle breakout level, where the 200 Day MA was waiting to offer support too, making this a confluence level....since testing this level, the price has bounced and I would not be surprised to see this move higher now back to the First Target again, with a possibility of breaking above...

$PFE

$PFE has so far been holding on the blue support level which has been a support level since 2013.

We are still waiting for a high higher to be made and a higher low to confirm that this will reverse next.

On the Daily chart, the price is above the 50 Day MA but on the weekly chart, we can see that $PFE is still comfortably below its 50 MA and considerably below its 200 MA.

We ...

$COPX - SAFE HAVEN -

$COPX has broken above the $47.20 level which has been the high for the last 3 years but we want to see a bounce above the level and retest of this support level to confirm the breakout.

We can see on the Silver and Gold charts that they follow this movement very carefully, respecting Fib levels and support/resistance levels, so a clean breakout should be followed by a retest.

Thes...

HSI

HSI has now made a higher high, after a very slight pull back, this bounce from the 0.5 Fib to complete Wave 2 is now very aggressive and would be out of place if it wasn't in Wave 3, this may continue higher to the 1.618 Fib to complete Wave 3 before any meaningful pull back now.

This may also pull the rest of the Chinese ADRs up now with it.

Biden in an attempt to deflect attenti...

$AER - WATCHLIST -

Ok we have a situation here where both technicals and fundamentals align here remarkably well to show that this is undervalued right now with a 40% upside for Wave 3 available here over the next 10 months.

PE of 5:

NET MARGIN: 44%

I particularly like the Wave 2 hold between the 0.5 - 0.618 Fib levels and how strong it is looking in this Wave 3, very similar to $DAL.

If ...

$JMIA - RC -

This is for Adam because he's had the patience of a saint waiting for this

He has been correct, this pulled back nicely for Wave 2 and held between the 0.618 - 0.78 Fib above the 200 Day MA, marking this an ideal area to hold for Wave 2.

Bouncing very strong since holding, and broke above the 50 Day MA and the bull case blue line.

We are likely still in Subwave 1 of Wave 3 her...

$BIDU

I am not buying the pull back for Chinese ADRs as complete just yet, it is just too shallow for me and I only see one wave.....I would be more leaning towards Wave 1 still climbing then Wave 2 being complete.

Ideally we want this bounce now to be Subwave B of Wave 2, meaning we will get more leg down to complete Wave 2 where I have shown, on the 50 Day MA and just above the wedge breakou...

$AFRM

$AFRM having a stronger day today after a volatile pump and dump yesterday after the earnings, always the concern when reporting before the market opens but as we can see, the structure stayed in place and it looks like we got another test of the 200 Day MA for the third time yesterday before bouncing today, it wasn't a perfect touch of the 200 Day MA but close enough to be regarded as a test a...

$XPEV - RC -

$XPEV has now pulled back to its 0.618 Fib after its bounce with the market and sector last week.

Bulls will want to see the 50 Day MA recaptured again at $8.50 and then ultimately a breakout of this large wedge it has been in since its ATH level.

Breakout level for me right now is at $9.50

$DAL

Operations normal for $DAL, back in this steady climb again after a flat day yesterday which is hardly recorded on its chart.

We will need to see how $DAL behaves at this very popular Wave 3 level at the 1.618 Fib at $56,

$MSFT TOP 20

$MSFT is the Mega Cap that is following the market the most.

It is still being held down by its 50 Day MA and has not broken above this level for the week.

It has also bounced quite strong so may need a breather too, with CPI and PPI next week, do we believe that the bulls can push this higher?......it is not outside the realms of possibilities but it does increase the risk level. 2024-05-09 14:31:59 +0000 UTC View Post

$ABNB TOP 20

Another look at $ABNB without EWT and on a simple support and resistance level chart, we can see that the pull back today was also to the ascending wedge breakout level (convenient that it was also the 0.618 Fib)....so with the 200 Day MA coming up to meet this level, it would take A LOT for the bears to break down this level

Also the width of the ascending triangle is exactly distance t...

SILVER - 5 YEAR PROJECTION -

A reminder of how I see Silver moving for the next 5 years if it continues to move in this very controlled impulse count.

The trigger to confirm this will be flipping the $30 level to support and this will confirm Wave 3 for me.

I have been building my Silver position as long as the market continues to have elevated fundamental levels and extended for me.

$ABNB TOP 20

One thing I have learnt over the years is that each chart has its own personality, you get used to their movements, either it's the type of person who buys this particular stock, or the sector its in or how institutions behave but you get a feel for their movement.....and $ABNB has never let me down in terms of reading its movement, it is incredibly resilient and follows the Fibs supports very ...

$PLTR TOP 20

I think the red ABC correction is becoming increasingly likely here and the 200 Day MA will be the limit for us, so we are looking for a hold at this confluence level, losing this level and there will certainly be weakness but a hold here and we have been given a great opportunity.

I particularly like the news that Peter Thiel has added in Q1, when we did, he has long been a hero of mine ...

$HIMS - WATCHLIST -

I have just sent my buy alert out for $HIMS in the chat group.

This is my second buy for $HIMS, so I still have three more buys to complete my strategy.

I am open for this to test the 0.618 Fib close to the 200 Day MA at $10 but also will add when the 50 Day MA is flipped to support.

So my options are open but I am comfortable to add here in the middle ground....$HIMS I will ...

$HOOD

Not even the SEC could stop this Wave 4 completing, assisted by a strong (very strong) earnings report too.

Wave 2 was textbook, Wave 4 was textbook and the move has been controlled and steady.

They don't always look like this but when they do, it's a beauty to watch.

$UAL

My overall aim here for this group is to find you undervalued stocks to invest in, that will give consistent returns, so I always like to find positions that look strong for the next 1-3 years and beyond.

$UAL is one of them right now.

It also has one of the strongest fundamentals in the S&P 500 and has not taken off like $DAL just yet but is showing signs of breaking out shortl...

$BMBL - WATCHLIST -

$BMBL I spoke about a lot leading up to earnings and highlighted how their margins have been improving, in spite of the decline in share price which is usually the sweet spot to find an undervalued position.

$BMBL is not typically a stock I would recommend but if the set up is there, you consider it and take advantage of it.

Up +10% in PM now after reporting a profit for this quart...

$FUTU - WATCHLIST -

Continues to behave very strong and up +5% in the PM after a shallow pull back too.

The blue line will be the defining factor here for me at $72.

Flipping this to support and the bulls can push this significantly higher, as shown from my First and Second Targets.

Ideally a retest of the wedge at $65 is the perfect place for us to consider an add but holding above $72 confirms ...

$RBLX

$RBLX is taking a big beaten in the PM now after lowering its guidance for the year.

** Co sees FY24 bookings between $4 bln and $4.10 bln, down from prior forecast of $4.14 bln and $4.28 bln

** Forecasts FY24 revenue between $3.45 bln and $3.53 bln, below Wall Street view of $4.19 bln - LSEG data

** Co expects Q2 revenue in the range of $855 mln and $880 mln, below analysts' ...

$BABA TOP 20

HSI had another strong day after only slightly pulling back over the last few sessions, economic data from China was stronger than expected and also the Chinese Policy makers decided to eliminate a tax on dividend payments....which has been welcomed by Chinese investors, who tend to favour dividend paying companies.

I know many would not like to hear this but I'd like to see the HSI pull...

$HASI - WATCHLIST -

This was our commentary on $HASI on the 30th of April:

'I am highlighting this again because since I uploaded this last, we've had a retest of the trend line from above and held support with the assist of the 200 Day MA, so a successful conversion and confirmation of support now.

Earnings are also due on the 7th of May next Tuesday.

Chart looks good and ...