The Long Investor

SILVER - SAFE HAVEN -

Another 2.5% up today and really hasn't looked back since the wedge breakout and retest at $24.60 on the 27th of March....20% jump since then, for Silver to jump this much in such a short period of time, it is likely telling the market a message. That large of amount of capital are flowing into what is considered a historical safe haven.

I am glad to say that we are part of this group. 2024-04-12 09:28:09 +0000 UTC View Post

$SHOP

$SHOP got a very nice flush down yesterday bringing this closer to our Wave A target on the 200 Day MA at $68.

I think we can expect a relief bounce at any stage here too which would mean that Wave A is complete and a bounce for Wave B is next.

$AAPL TOP 20

$AAPL has bounced strong with the market rebound today has finally broken out of its descending wedge set up.

We have been waiting for Wave A to complete and once the price action can hold above $170 on the 0.38 Fib, I believe this can bounce to our Wave B target.

$HASI - RC - WATCHLIST -

$HASI has broken out of its channel that it has been in since the middle of 2021.

Price action is also above the 50 and 200 Day MA now and so far holding above the channel but there has been no full retest of the channel breakout level....but we can see that the 50 Day MA has offered support here instead.

A break above the previous high at $29.88 would trigger Wave 3 being confirmed...

$NOW - RC -

I can see 5 impulse waves here right now but it is not confirmed whether or not Wave 5 is complete, it looks to be at the mercy of the market.

The price action has been holding up since the start of 2024 after hitting the yellow trend line but has not been able to make a higher high and has formed a wedge, so bulls are still around.

If the price action can test the yellow trend line...

$NIO TOP 20

Back below the 50 MA on the 1hr chart again today after getting caught in the red day yesterday across the market, this has likely stopped any momentum building for now.

$NIO is stuck right in the middle of this wedge, when we see noticeable changes to the trend then we will update again.

$ABNB TOP 20

$ABNB has been finding some support just above the 50 Day MA here and having a positive day after airline and travel stocks have rebounded.

$DAL started off the earnings season with a great start, so more reports will be out next week, notably $UAL and I expect something similar from them as $DAL.

$ABNB for me just needs to hold above the ascending triangle breakout level at $155 an...

US 10 YR

US 10 YR bounced strong yesterday after the hot CPI print and continued this movement today.

The price action has bounced right up to the 0.618 Fib.

We want to see this rejecting, the higher this goes the more pressure the financial sector is feeling.

Ascending wedge has formed here but we are also seeing the 50 Day MA about to cross through the 200 Day MA....so there is a bea...

$NET

$NET has pulled back to the 0.38 Fib at $92 for Wave 4 and has held on this level now 4 times

$NET has been handling the market volatility too and appears to be moving sideways leading up to its earnings date on the 2nd of May.

If $NET can continue to hold this level and they report another strong earnings report, this should trigger the next leg up for our Wave 5.

$LCID

$LCID looks destined to hit our Second target which has been projected for the last 9 months now.

I believe even if $LCID does hit the second target at $2.20, there would still be no rush to buy here at this price.

You would need to see a firm hold of support to consider going near this.

$DAL

$DAL had a rollercoaster day yesterday, +5% in the PM post earnings, which were an impressive double beat on strong business class travel and finished the day -2%, down to the large sell off from CPI.

We are not seeing a breakout down on the chart and we have seen a higher high yesterday and a higher low today.

Price is up 2.5% today too.

Price action also held the 0.236 Fib o...

$SOXL - RC -

Semiconductor 3 X Bullish ETF.

No changes to this chart and still moving within our Wave 4 and it must be said that it is moving very controlled and measured, considering it is a 3 x leveraged position.

Price has hovered around the 0.38 Fib level at $40 and so far finding support.

We are also about to see the 50 Day MA cross through the 200 Day MA to complete a golden cross w...

$KWEB - WATCHLIST -

Very interesting here from $KWEB.

Price is exactly at the wedge breakout level, the 200 Day MA and the 0.5 Fib....making this a very strong confluence level at $26.90.

A break above this level and holding and $KWEB has broken out of a wedge that it has been in since the start of 2023.

The price has found it difficult to hold above the 200 Day MA too, so flipping this level to ...

$ADA - WATCHLIST -

$ADA is getting very close to the sweet spot now, price is in between the 0.38 Fib and the 0.5 Fib and we can see that the 200 Day MA is moving up to the 0.5 Fib at $0.515.

What we want to see is a final flush down to this confluence level and holding and we can consider Wave 2 complete.

Very impressed with how this has been moving and following our Wave 2 projection.

Opinion Poll

What do you want to see more of from this group?

You can click on multiple answers

$BTC TOP 20

Ok so far fake breakout by $BTC and moved with the market today. $ETH managed to finish the day back above its wedge instead, after retesting the 200 MA and bouncing.

I suspect there will be more to this story so for me, there is not a firm rejection at the $69k level just yet....there appears to be a battle going on.

The price is also above its 50 Day MA, so it is not as weak looki...

$SE TOP 20

$SE continues to do its own thing right now.

It has been uncorrelated with the market and also finished green today and still moving within our Wave 1 here.

Earnings are also not due until May so there is not a lot in $SE's way to stop it from continuing moving higher to our Target.

Very nice run this year.

$DLTR - SAFE HAVEN -

$DLTR is also holding well in this bullish wedge and tested the bottom support line today at $125.

If $DLTR can hold above this level and stay within the wedge dimensions, it can make another attempt at breaking out to the upside.

Losing the $125 level and $DLTR will need to quickly recapture the wedge or this can go down lower.....price action was able to do this in Sept last year ...

$MRNA - RC - WATCHLIST -

$MRNA is in quite a bullish set up here, in this ascending triangle....and if the market had not been so volatile today, it may have broken above this $115 resistance level.

Many of you know that the ascending triangle is my favourite bullish set up, especially when theIR higher lows are strict, which they are here.

The price is also above the 50 and 200 Day MA's too.

So the b...

$BABA TOP 20

$BABA the overall winner for today for us, up +2% after a number of analysts reiterated their PT's for $BABA at the start of the day....in the range of $101-$119, effectively a 50% jump from here thereabouts.

The price finished above the 50 Day MA too and is inching closer to the wedge trend line for a test.

A breakout here would be significant, as this wedge has been in place for s...

$QQQ TOP 20

This is what we have been talking about for the last couple of weeks

Not holding above the $444 1 Fib at Wave 5 and coming down to test the 50 Day MA.

It also aligns with what we have been talking about on the $SQQQ chart which was again uploaded today.

Price is testing the 50 Day MA today and still it is not lost just yet, so we'll watch this closely.

The yellow channel...

SILVER - SAFE HAVEN -

Silver was tested this week and so far has passed with flying colours.

I am particularly happy to see this because I have been focusing hard to deliver a quality safe haven option for our members that could withstand shocks to the market and help protect our portfolios and still offer solid returns.....and so far this has far exceeded my expectations.

$30 remains the short term targ...

$PLTR TOP 20

-1.3% today is not considered a big drop for me, on a day like today. But we can see that the 50 Day MA has been lost and the 0.38 Fib clearly too....which means the trend is still to the downside in the short term and we just need to be a little more patient for this to drop further before adding again.

The lower it drops, the more we earn when we buy.

What I like about this pull b...

$HIMS

I really like $HIMS movement this year and how it has been following our count and respecting its formation.

Price is moving controlled and not getting swept away with the market and just drifting down to the 0.38 Fib at $13.74.

We can also see that the 50 Day MA is moving up to meet the price action and will likely meet at this 0.5 Fib.

Nice exposure to the health sector here...

$SQQQ

$SQQQ is starting to move into new territory now.

PM has the price above the 20, 50 and 200 MA on the 1hr chart.

This is only the first day so WE ARE VERY EARLY HERE.

There is no retest of the moving averages just yet either and $QQQ has not officially lost the 50 Day MA too.

But there is certainly a trend change looking to take place here.

• Price held the 0...

  2024-04-10 13:28:46 +0000 UTC View Post

$HOOD

Moving well here through our Wave 4 count and the PM slump for the market has caused this to lose the 200 MA on the 1hr chart which is what we needed to see.

$16.64 on the 0.38 Fib is the ideal retest level.

$HOOD I believe can continue moving higher over the next few months as the volatility will bring in many buys and sells. Activity means money for $HOOD.

$DAL

Great earnings report from $DAL and beat earnings by 24% and even made a higher high in the PM above $49.....the PM is still green, up 2% but CPI coming in Hot is likely to upset the party.

We want to see a hold above the yellow trend line and the 1 Fib at $48.70....this may be a big ask today considering the sea of red we are seeing across the market.

A firm rejection trying to get...

$ETH

Crypto needs to show its teeth today and start breaking away from the movement of the market, to show that it is in fact the new standard for the store of value.

$BTC is back into its wedge which is not a good start but the day has only begun.

$ETH has also faltered slightly here by losing the wedge trend line but has held support on the 200 MA on the 1hr chart just slightly below a...

$FUTU - WATCHLIST -

I am highlighting this chart again as a reminder of its bullish set up and I have attached its very attractive fundamentals, which show how it is undervalued, with extremely impressive margins: 91% gross profit margin and 42% Net.

Price action is still in this wedge and has not broke out yet either, so you are still early.

The price is also back above the blue line and the 50 and 20...

$CLSK

$CLSK is back to test the support line again at $14.85 for the 5th time since the 15th of Feb.

It has found support on the intraday movement but you would need to see more support to consider this a hold again.

The pull back since making a new high at $25 was a lot more aggressive than what we have previous seen here and it came within a few cents of the 2 Fib....which is the standa...