The Long Investor

$ABNB TOP 20

$ABNB is in that strict uptrend we saw with $DAL before it started to move abruptly to the upside during this week.

So we are continuing to see support on the 20 Day MA on the red line as this drifts higher, so this may attract an increase in buyers soon.

$182 remains my target in the short term and we will see how the price manages this area, I won't be selling the moment the price...

$ADAUSD

$ADA I continue to monitor this in the background because it was the first crypto I bought and it has provided us with 100% returns in November and I want to take advantage of it again when it pulls back further.

I believe it is pulling back now in an ABC corrective wave right now for Wave 2 and I am watching for support between the 0.5 Fib and the 0.618 Fib, where the 200 Day MA is right...

$AMZN TOP 20 - LONG TERM PROJECTION -

This chart is as close to perfection as we'll get.

Wave 2 held exactly on the 0.618 Fib at the start of 2023 at $80 and has been moving up in 5 waves since for Subwave 1 of Wave 3....I want Subwave 2 to pull back to at least the 0.5 Fib at $135 and I will load the boat and continue to add aggressively as long as the price is beneath this level.

I am then willing to...

$PYPL TOP 20

Even more outstanding to look at it.

$PYPL appears to be moving through the depression stage drifting higher....

Once the cycle ends, it starts again.

$BABA TOP 20

Slightly uncanny.

But we are at bottom territory it appears.

Charts Uploaded to X -$ETH $BABA $PLTR $PYPL

Alternative views on the regular charts I upload here but overall they align with our EWT counts and what we discuss here.

$AAP - RC -

Very harsh decline for $AAP from $243 to $49 in 2 years and this is clearly a corrective wave as the price pulled back to the 0.887 Fib but I struggle to see a Wave B here as a relief bounce, so we must assume that it is next.

I will see how this bounce develops, especially if it can break out of this wedge above around $100, if successful it has a route to the 0.5 Fib at $134.

$RIOT - RC -

$RIOT has been lagging $CLSK and $MARA and the price action just finished below the 200 Day MA to finish the week and Q1.

That being said, the structure is still valid as an impulse wave and the price action is staying neatly in this wedge too.

However, since it hasn't made its move already.....time is running out to run before the halving event around the 17th of April, so it will ...

$TSM - WATCHLIST -

Continues to be a fantastic looking chart with only one blemish...not going exactly to the 1.618 Fib to complete Wave 3....but a 90% jump from November to March more than makes up for this shortcoming.

Price continues to hold above the yellow channel line but we can still not rule out a retest of the 0.38 Fib at $130 for Wave 4 before going higher to complete Wave 5 at $186.

We can ...

$NET

Continues to hold above the 0.38 Fib at $92 and has finished the week comfortably at $96.

We can also see that the 50 Day MA has been used to further assist with support too at this level.

Earnings are due at the start of May, so as long as $92 is held, we may start to see a drift up to wards the Wave 5 level starting next week.

$TMF - SAFE HAVEN* - 3 X leveraged TLT

$TMF and $TLT finished the week testing the upper limit of the bullish flag here and held on the 0.5 Fib too at $53.

The price has tested this level 4 times now, so we need to see a clean breakout of this resistance in order to believe that the reversal is on and I think when the price goes above the 200 Day MA at $57, we will have our confirmation.

I believe $TLT and $TMF are solid...

$NIO TOP 20

I continue to see nothing else but a drift down here through the wedge

No EWT is on this chart, just a clear drift down and smack in the middle of the wedge too since rejecting at the wedge top line on the 12th of March.

It will be interesting to see how far this can drift into the wedge apex....which conveniently leads directly to the estimated earnings date.

$LAC - RC -

Conflicting views here....

First:

We have a clear break down from the wedge and it is showing that the breakdown can go as low as the bottom blue line, remarkably close to the blue line it must be said.

and Secondly:

We have a hold on the 0.887 Fib for a potential Wave C and bouncing strong.

I think the 200 Day MA will decide this....a flip of the 200 Day to suppor...

$TWLO - RC -

I am not seeing any impulse wave here but a continuation of a consolidation within the blue line range.

Our Wave Y target hit just short of the top blue line as well, so what follows after this corrective wave is usually 5 waves down and this is certainly what I am seeing here....strong flush after earnings and a bounce to test the 200 Day MA from below, a rejection here and an almost cer...

$SEDG - RC -

At a 4 year low here at $70 and still struggling to find support.

A breakdown of the $65 level and the wedge and this can drop sharpish, down to our bear targets at $40 and $20

Likewise if management can turn this around, there is upside potential to $110 and $93

Right now there is a 50/50 split on which direction it can go, they need a catalyst or an improved earnings to chan...

$U - RC -

$U's struggle to find support is likely down to $AAPL's decline but that being said, the 0.78 Fib at $26.56 is offering a lifeline here...we need to see more to confirm that this is a confirmed support level and a reversal can come next.

Wave Y remains as shown and I don't see any other set up right here.

Losing the 0.88 Fib at $24 will mean a retest of the blue line between $22 - $...

$F TOP 20

Who would have thought that $F would be out performing all EV's makers substantially since November '23?

We can never write off this old dog because its been through every scenario and has survived....and will also give you a 4.59% dividend for your patience.

$F has just broke out of its channel now at $13 and once it can hold above this level, looks set to move up to $14.10 for Wa...

SILVER - SAFE HAVEN -

I want to add to my position here, which accounts for 15% of my total allocation right now as a hedge against the market....but I want to see a break above the previous high at $26.12.

Right now the price action has been testing the wedge breakout level continuously which is fine by me but I want a bounce on this support......the market overall continues to stay resilient as capital is ro...

$HTZ - WATCHLIST -

I highlighted this $HTZ chart last week after noticing its tight wedge and a break above the 50 and 200 MA on the 1hr chart

I said I would continue to monitor it because the fundamentals are still quite strong.

We are getting a test of the wedge trend line now at $8.10

But we need to see a breakout of this line to be excited.....we know all too well that a test from below is n...

$ONON

Both $ONON and $LULU had similar earnings reports....both reacted the same post report but one recovered immediately, while the other is lagging....Nobody can explain why this happens but unfortunately it does .....however I feel both are excellent companies with bright futures.

Only explanation I can gather is that $LULU's chart went invalid, while $ONON did not and held at a strong conf...

$CLSK

Alternative view......the theory states that the breadth of the Cup should break to the upside of equal distance....we have the break to the upside now, but still needs to hold above $23.70 first.

This is not a guarantee but if we do see some parabolic moves leading up to the halving event, this could run to $42+.....if this happens, I suggest you sell after any parabolic move.

$BIDU

We are seeing a response from $BIDU now after holding on the 0.618 Fib at $102 and a continuation to the upside here in the PM.

The news of their partnership with $AAPL has been slow to move this stock, possibly due to $AAPL's own struggles with the market....but $AAPL clearly sees that $BIDU's AI capability is good enough to be used on their products in China...which is a very positive d...

$PLTR TOP 20

I think everyone is happy with the plan here, we are seeing the H&S pattern unfolding here after highlighting this a week ago and its working well in our favour as we wait.

The 50 Day MA I will be watching closely for and if there is a hold here at $22.30, I am happy to start a position and DCA in from there, especially if it can go lower, below $21.58.

$41 is my PT for year end...

$OXY

We spoke about the pull back yesterday and came very close to the trend line for a retest and bounced intraday day....now in the PM we are seeing a bounce back up to the previous high.

A break above the previous high and this could be the confirmation that the trend line is the new support level and this is a strong buy signal.

So we are looking for a break above $65.

We still...

$UAL

$UAL has the lowest FWD PE in the S&P 500 and it too is starting to move like $DAL

It is lagging it a small bit and also has about 20% room to run to its wedge top line at $55.

$JETS ETF also jumped 2.5% today and following our trajectory nicely.

$TLRY - RC -

$TLRY has bounced very well over the last 2 weeks and at an important junction now

The blue line has been a n important resistance/support level since the start of 2023, so staying above this level is vital at $2.55, which is where the price stopped at today.

Staying above this level and $TLRY can attempt the red channel break out at $2.70.

Breaking out and holding above this ...

$DAL

The move has been accelerating since finding support on the top line of ascending triangle at $42 and the price action is fast approaching the yellow trend line now which has been the resistance level since March '21....so getting above this level will be a big win for the bulls.

The Bull case is then triggered and a hold above this level at $49, should get us the next leg up to the 1.618...

$PLTR TOP 20

Over -2% drop now after testing the red line and rejecting.

The 50 MA is offering support right now but we want to see this lost so the price can drop down further.

In Jan, the price held the 0.38 Fib going into earnings and then rocketed

So we will be watching the 0.38 Fib here at $23 if the 50 MA is not held.

Scaling in from $23 to $20 does make a lot of sense here. 2024-03-27 15:47:46 +0000 UTC View Post

$ENPH

Forming a very strict looking ascending triangle now after holding support on the 0.618 Fib at $99

Back above the blue support line too at $118 now after jumping +8% in the market today.

200 Day MA is the big test next at $125.....a break above here and the price can test the triangle breakout level next at $140

Wave C target remains at $340

$PLNT - RC -

Planet Fitness has pulled back to the 0.618 Fib here at $56 and has held support sp far, so this is the ideal place to find support for Wave 2.

We need to see a move on this now to the upside and the first test will be a retest of the yellow trend line at $72.50, only when the price has broken out of this channel can we consider this in the Bull Case and confirm Wave 3.

Price can no...