The Long Investor

$NET - RC -

No changes to the price targets here but I have brought the dates forward for Wave 4 and Wave 5 as this is moving very quickly.

Price has pulled back after getting rejected at the 1.618 Fib level at $112 and pulling back nicely to just above our Wave 4 level on the 0.38 Fib.

If the price can continue to consolidate above this Wave 4 level, I expect Wave 5 to come next up to $126. 2024-03-13 16:14:00 +0000 UTC View Post

$NIO TOP 20

So far $NIO has just kissed the red trend line and consolidating slightly now but staying above the 20 MA on the 1hr chart.

The more it moves sideways means bulls are prepared to accumulate before another test of the trend line.

The trend line breakout level is now at $6.24.

Interestingly we can see the 50 MA cross through the 200 MA this hour which is a bullish sign

The...

$YINN

Another good performance today and has also made a higher high, going back to mid December.

Looks strong now and with the HSI posting a flat day today, there may be further continuation tomorrow after taking a break today.

Holders here do not need to do anything right now, I believe a pull back will be needed soon but I am expecting a healthy pull back before going higher.

$...

$DG

As we can see on the chart, this is a small pull back, after running from the breakout level of the triangle at $140 to $162, this is the first pull back since doing this.

Earnings are also due tomorrow before the market opens.

$DG is down today too mainly due to Dollar Trees lackluster performance and a number of once off payments that were expected.....however Dollar Tree ran from...

$AAPL TOP 20

$AAPL has perfectly retested the 0.38 Fib now from above at $170.80 today and so far has found support

If this can continue as support then we should see a bounce next which is in line with a bounce for Wave B for us.

We expect this bounce to be in 3 waves for Wave B.

$DAL

Needless to say I have been watching this like a hawk.

Each time it has held support on the ascending triangle diagonal line, each time it tests the breakout level at $42.70 and the retest of the $42.70 line.

It has also made a higher high just now too.

So it is moving as expected and in the same way $ABNB did before it broke out of its own ascending triangle.

$DAL has a...

$BIDU

$BIDU has given us a continuation today and up another 4% today after cleanly breaking out of its bullish descending wedge.

The price before earnings was at $114, so the price action is fastly recovering the post earnings slump as the HSI continues to show strength.

Targets above as shown starting at $125.

If $BIDU can convert the 0.618 Fib at $107 to support with a retest, I...

$PYPL TOP 20

Red channel breakout today and above the 50 Day MA but the big test for us will be flipping the 200 Day MA to support at $61.45.

This has been a difficult level for $PYPL, especially on the retest for support, so if we get this soon and I am happy with the confirmation of support, I will add again

So far, it has been moving positively. 

$EL

Up 3% today and this means there is a breakout above the 200 Day MA now which we have been waiting for since May '23.

We need $EL to stay above $153 now to show us signs of a reversal confirmation.

My Wave 3 target remains the same as our last upload at the 1.618 Fib at $203.

$VOD - RC -

$VOD remains stuck in this downward channel after losing its 2002 low at $79.

There was a retest of this level from below in Sept '23 and the price rejected and has proceeded to decline since and now sits at $67.

I believe there are a number of projects in the pipeline for $VOD so hopefully they can turn this around shortly and break out of this red channel.

I will be watching...

$SOXL - RC -

Our 3 X leveraged Semi ETF has also been going to plan here, as $AMD and $TSM have been moving with our charts.

We can see that the price went above the 1.618 Fib but rejected at this level on the retest which is in line with the pull back from $AMD and $TSM.

A pull back to the 0.38 Fib - 0.5 Fib between $40.60 and $35.56 would be ideal here for Wave 4 before catching the move highe...

$PLTR TOP 20

What we know about $PLTR is that it never veers too far away from its 50 and 200 Day MA and as soon as their is some breadth between the price action and the moving averages, the price reverts back to the 50 Day MA for a test of support before moving higher again.

Right now the 50 Day MA is at the 0.618 Fib at $20 and I expect this to continue moving up towards the 0.5 Fib at $21 next. 2024-03-13 10:16:22 +0000 UTC View Post

$FUTU - WATCHLIST -

We highlighted this chart last week to show that it was in a long wedge and testing the upper limit shortly, it has now done this and broke out with an impressive +7% day yesterday.

What we need to see now is a flip of this $64 level to support and then a bounce to the previous high at $72, once above $72 and the Bull Case is triggered and this has some impressive targets above at $88 an...

$MA - RC -

A number of requests for this chart over the last couple of days for some reason

As we can see, it is almost identical to that of $V, which we follow closely here and also in Wave 3 too and both are looking incredibly strong.

They don't get a lot of attention because they move slow and steady but to us, these are the perfect stocks.

Their margins are some of the best in the ma...

$TSLA TOP 20

$TSLA has been making lower lows and down -1.8% in the PM now again but we can see that a descending wedge has been forming here, which is not necessarily a bad thing for the bulls.

It gives the bulls an opportunity, that if the price can break out of this wedge to the upside, then a move back up to the 200 Day MA at $235 is possible in the short term.

Any breakdown of this wedge wo...

$ETH

Having a difficult time at its 2 Fib at $4043 for now and ideally we'd like to see a pull back here to the 0.38 Fib at $3112 to add again to catch the next leg up for Wave 5, which should bring it up to its ATH line at $4870.

$XRP we are still watching closely for the break out above $0.76, some rotation might come here if $ETH starts selling.

$SE TOP 20

$SE continues to push higher to the Wave 1 level at $67 and not showing signs of rejecting yet.

We can see that the 20 Day MA has now crossed the 200 Day MA and the 50 Day MA is moving up now to cross the 200 Day MA shortly, which is a double bullish indication.

Holders who have stuck with this since the summer time will be happy with what they are seeing here.

$W - RC - WATCHLIST -

I uploaded this chart 2 weeks ago highlighting the impulse wave and we spoke about how we liked the look of the higher lows on the 0.78 Fib in October and the 0.618 Fib for Jan and Feb.

The price have now bounced and converted the 200 Day MA now to support and it has been tested a number of times now.

So this is in a good position to bounce shortly once it holds above the 200 Day MA...

$LI

Very nice hold on the 200 Day MA this week, which is also the 0.5 Fib, the pull back may be complete now but it has certainly been quick, we may see another pull back again to the 200 Day MA or the 0.618 Fib before going higher.

But if we are optimistic about $NIO then we must be optimistic about $LI.

My Wave 3 target is at the 1.618 Fib as always at $82.

$GPS

It has been awhile since I last uploaded this but those who are still in this since last summer when this was a screaming buy and at our Wave B level, are now sitting on 350% gains in 9 months. 

No changes to the chart and there is still more upside to our Wave C target at 437.

$LUV

Nice rejection at our Wave 5 and it declined hard today to the 0.5 Fib at $28.60

I believe this is in its Wave A now of its corrective wave and will bounce shortly for a relief bounce for Wave B, before moving down lower again, I suspect Wave C will finish lower than Wave A as shown.

$SYK - RC -

Moving strong effectively since 2009 and in Wave 5 now of a cycle.

The price has broken out of its long channel which is very bullish so a test of the 1.27 Fib next at $371 seems inevitable....a further breakout at this level and this can run up to the 1.618 Fib at $438 over the next 12 months.

$ULTA - RC -

Requested chart here but no changes and a new high has been made recently here too, so I expect this to continue moving higher over the next 12 months to complete Wave 5 at $706.

A pull back will needed soon but a hold of support above the yellow channel at $500 would be a buy signal. 

$SOFI

Not a nice look here for $SOFI, broke down from its blue support line, the 50 and 200 Day MA and down out of its wedge too.....the price also tested the wedge from below yesterday and has now rejected after CPI came in hot.

It is also down -1.4% while $PYPL is green in comparison.

Piper Sadler also trimmed their PT for $SOFI TO $8 yesterday.

$SOFI is of interest to me because ...

$BIDU

$BIDU is right at the wedge breakout level again now at $104.60 and we said in our last upload that $BIDU will unlikely be left behind if the HSI decides to reverse.....so it appears to be joining the early party for now.

What we want is a clean breakout of this wedge and for the price to find support above $105....we can see before earnings that the price did not hold support outside of ...

$DG

$DG has been running hot into earnings which is due on Thursday before the market opens....reports have come out this week that they expect to beat, as there has been considerable increase in traffic to these stores leading up to Xmas.

We do not want it to run too quickly into earnings, so not to create a buy the rumour, sell the news event, so 1% gain days is perfectly fine with me right...

US 10 YEAR

CPI coming in hot is certainly a headache and the US 10 YEAR has jumped 1% today as a reaction.....that being said, the price is still below the 200 Day MA here and I am not seeing an impulse wave forming here, meaning, we will likely see a continuation to the downside after this short term bounce.

A rejection at the 200 Day MA would be ideal at 4.2%

$PYPL did not need CPI to come i...

$AMZN TOP 20

$AMZN made a lower low yesterday and the structure is starting to break down for me as it rejected again at the yellow trend line last Friday.

The price may get a relief bounce now from the 200 MA on the 1hr chart but I am happy to have sold 40% of my position and 20% was allocated into $DG which is now up 4% which is nice productive work.

The remaining 20% I sold will be kept as ca...

HSI

I have talked you through every bit of this folks so thank you for keeping with the strategy.

Very clean and aggressive breakout today with the HSI up 3% now, which is an enormous bounce and exactly what we have been expecting.

We are watching HSI closely because it is a metric on how our Chinese ADRs will behave

and is anyone surprised to see the HSI jump on the day that the ...

$NIO TOP 20

Needless to say we are happy to see the 200 MA has been comfortably broken and the price is about to test the red wedge trendline which is also the previous high at $6.33.

A breakout of this level would be significant as this wedge of doom has been in place since the $16 high all the way back in August '23.

What we want to see is a breakout of this wedge and a move up to $7, above $...