The Long Investor

$HPQ - RC -

$HPQ has been flirting with breaking out of its wedge and has raised its head above it lately but needed another retest of the 200 Day MA to find support first, so far this has been done and the price action is testing the wedge breakout level again at $30

Price needs a clean breakout of this level in order to confirm that a test of the blue line is next at $41

No changes to the cha...

$TLRY

Cannabis stocks bounced aggressively today and it feels like 2020 again.

No changes to our $TLRY chart as the price continues to stay within this red channel and no certain direction is confirmed yet.

A break out of the red channel shortly and the targets are above as shown:

$3.60 and $4.40.

$RBLX

Fundamentally this company is a mess but there are a number of optimistic analysts thinking this is a moving higher....Zachs also has this rated as a strong buy.

Technically the chart is not as bad as its fundamentals look

Pull back now to the 200 Day MA and the 0.5 Fib at $36 and held support here to finish the week

A bounce here back out of the wedge and this is into Subwave...

$SKX - WATCHLIST -

This chart was doubted for the whole of 2023 and it is up 60% since we started charting this and I believe this is still in Wave 3 and has more to run.

Price is above the yellow trend line resistance level and also re-tested this level on the 6th of Feb and bounced, flipping this strong resistance level to a support level now.

Wave 3 remains at $93 for me

Another company that ...

$MRNA

$MRNA is starting to build traction.

Price bounced to a strong resistance level at $115 to start the year and pulled back to the 0.618 Fib at $82 and has since broken back above all important moving averages now.....so this is telling me that there will be a retest of the blue line again at $115 next.

A flip of this level to support and Wave 3 is confirmed for me

This would be...

$MMM

I have been watching this closely to see if it is finally time for $MMM to finish its very long corrective wave, which began in 2018......it is a company that has been riddled with issues and have been fined massively....also unprofitable with $59 Billion market cap but there are signs that they may have turned a corner and have found support on the 0.78 Fib at $89.

As the price has conso...

$JETS

$JETS like $DAL is looking very bullish here and moving as you would expect in a very bullish impulse wave.

Price is above all moving averages here and used the 200 and 50 Day MA to catapult higher after bouncing on both moving averages for a higher support.

Its slow, it's boring but its steady and that is also why $DAL is my largest position to safe gaurd my portfolio right now. 2024-03-22 23:50:40 +0000 UTC View Post

$DNA

$DNA has been battling for over a year to stay above its blue line at $1.10 but with 4 negative earnings reports in a row, the pressure is mounting up.

I will say it until I am blue in the face but if the company is not delivering on their targets, the share price will not turn bullish and they will be punished by the market for it.

And it is not a surprise to see $DNA move almost e...

$LULU

$LULU pulled back to $387 today and managed to hold support and finish the day at $403 and at $405 now in the PM.

We added as close to the bottom as we could today and got some returns to end the day

But on closer inspection.....$LULU came within $1 of invalidating this entire structure....the red line is at $386....meaning, if $LULU went $1 lower, it would have infringed on Wave 1 ...

$CLSK

We need to peel back the layers and see how a structure moves and by doing this, you need to look beyond the red mark for the day.

Let's see what really happened today for $CLSK:

It broke out of the triangle on Wednesday and retested the level today and bounced.

Price held support on the 20 MA on the 1hr too.

Very nice hold of support today....needs a continuation of thi...

$BIDU

Difficult day for the market and the vast majority of the sectors were red with some glimmer of green....$BIDU being one of them as it was announced that they are in talks to work with $AAPL on an Ai partnership.

It is understood that $BIDU has over 100 million users of their Ai software already.

The price action managed to stay above the 0.618 Fib at $102 to finished the day and we...

$NIO TOP 20

$NIO is not looking pretty

Rejecting at the wedge line at $6.31 has caused this to drop hard.

The gap fill is almost certain now to $4.74 and if I am being honest, I do not see how this level holds either, I think members need to prepare themselves for this to move down the wedge for the next month and a half.

$TSLA has instructed their suppliers to expect lower than expected ...

$MARA

$MARA has taken over the title from $CLSK as the most requested chart that does not need to be updated or uploaded again as the chart continues to follow our projection.

There are no changes here

The price is above the blue support line

The price is above the 200 Day MA

The price made a higher higher and a higher low

Wave 2 held the 0.618 Fib for an impulse wave. 2024-03-22 11:42:45 +0000 UTC View Post

$ETH

Holding below the 200 MA now and seeing a hold on the 0.38 Fib, a continuous hold here and it is worth adding to your position to catch the remaining move of Wave 5.

No hold at this level and the 0.618 Fib is the level at play.

Regardless, I believe $ETH moves up to complete Wave 5 and make new highs.

$LULU

Strong flush after earnings yesterday, in spite of double beat and 45% Q/Q growth but they guided slightly down for the FY '24.....I struggle to see how a year where the Olympics is held will not improve sales in leisure wear, regardless of this, $LULU has a number of quarters to improve on their FY '24 guidance.

Right now the PM price is in a strong confluence level

In between the ...

$WYNN - RC -

No changes to the chart here, still looking strong and still in our impulse wave after a successful break out of its long wedge.

$WYNN continues to expand, opening more hotels and casinos in new markets, notably in Dubai and I believe bidding for a site in NYC.

$WYNN I believe has a strong future and the chart reflect this.

Above the 200 Day MA now too.

SILVER

I thought that was the end of any retests after SILVER's large bounce yesterday but the market does love giving us a second chance.

I'm looking for the hold here at $24.60 and a successful hold and I will add to Silver again.

I have moved 15% of my cash into Silver right now and will add another few % shortly once support is confirmed.

$IWM

As many members know, I am a big fan of the Ascending Triangle formation, which is the same formation found on the $ABNB and $DAL chart which is why we invested so heavily in them and they are printing for us right now.

We are seeing the exact same formation breakout here too.

We also got a retest of the triangle, which was also the blue line and the 50 Day MA....so it bounced on a ...

$ABNB TOP 20

Officially registered as a beast.

A new higher high now and continues to show strength after any small pull back, which is why I have taken advantage of this stock all year.

1.618 Fib remains the target at $183.

$TTD - RC -

Nice potential Wave 2 pull back to the $59 level in November and has been moving strong since and recaptured the 50 and 200 Day MA.

It has had one hiccup trying to stay above the previous high at $92 but a retest of the 200 Day MA has held so far.

A hold above the $92 level and this is into the Bull Case and the next big test will be at $114.

Clearing this level and $144 is ne...

$WING - RC -

$WING has been doing incredible work on their fundamentals for the last 18 months and the share price has reacted accordingly here.

I do not believe Wave 3 is complete yet until the 1.618 Fib is hit at $400, then we should get a pull back for Wave 4, before going higher to complete its Wave 5 at $554 possibly.

$SMH - RC -

Clean rejection at the 1.618 Fib for this Semi ETF, so I have added in the amber Fib levels to see where support can come if this confirms to start its ABC correction now.

A break above the 1.618 Fib at $239 and this can run to the next important Fib level, all the way up to $302, so $SMH will certainly need $NVDA to run a lot higher too, so it will likely come down to whether or not $NVD...

$OXY

So Buffett and TLI were correct.

These slow moving charts are not liked and get very little traction but they are solid and it is not a surprise to hear Buffett loves them and continues to buy up the company.

Clean breakout of the wedge now, if you have not bought already, if you are lucky enough to get a retest of the wedge breakout level, this is a buy signal....right now it is at...

HSI

We said a bounce would come this week as the price was consistently holding above the bullish channel and above the green line and this is what we got today.

HSI continues to show a reversal and positive movement in an impulse manner.

The 200 Day MA is the big one above at 17590.....a break and hold above this level confirms the reversal and this will be very bullish for the HSI and...

$ZS

Another chart that is holding the 0.5 Fib level for Wave 4....so we are finding a regular occurrence here for Wave 4's on a number of charts, which is typically a good sign.

As long as $ZS continues to hold above the 0.5 Fib at $195, it can start moving higher to complete our Wave 5 up to $311.

This is on my watchlist now, so when there is confirmation, I will update for everyone. 2024-03-21 14:41:28 +0000 UTC View Post

$HTZ - WATCHLIST -

$HTZ is on my watchlist now, it has been beaten up after canceling its program to use $TSLA vehicles and I believe one of their C - suite level directors has been sacked due to this decision.

But the fact remains that this is still undervalued, with a P/S of 0.11 and a PE of 4.

We can see that this is part of a long wedge right now and is not testing the breakout level yet but it is...

$PYPL TOP 20

$PYPL has got that continuation again today and up 2% as of typing this and is pushing towards the blue line at $66.55....a flip of this level to support is massive for the bulls and I can't underestimate the significance of this.....it means the bulls have made it through a very large supply area and above all breakout levels.

I will be adding when the price holds above this level.

$TSM

$TSM pulled back short before the 1.618 Fib but we can see that it pulled back to the breakout level at $135 and found support, it also dipped as low as $132 which is $2 away from the 0.38 Fib at $130.

So it is possible that Wave 4 is almost complete but it is extremely short and fast Wave 4 if we compared it to how long Wave 2 was.....which lasted 4 months.

So if you are thinking o...

$INTC TOP 20

$INTC has regained the $42 level on our blue line now for the 4th time.

Big signal for me will be breaking back above the 50 Day MA at $44.44 and holding above this level.

I believe we are completing Wave 4 and the market has not factored in the grant and line of credit available to $INTC now to expand in the US.....they have also built a factory in Germany, added a double sized fac...

$AFRM

Bounced 11% yesterday after Powell spoke, so with $PYPL, it got the catalyst it needed to show signs of starting its Wave 5.

Price has now climbed back above the 200 Day MA at $37 now, so a hold above this level and the bulls have taken back control and I expect a climb up to our Wave 5 target at $58.

Like $CLSK, $AFRM has used the 0.5 Fib very well to find support.