The Long Investor

$CLSK - RC -

Few people concerned about $CLSK's pull back on Friday...even though its up about 900% for the year.

But I have this pull back as only Wave 4 and the 0.38 Fib is at $9.67 which is the standard pull back level for Wave 4's.

A solid hold at this level and this can move higher for our Wave 5 at the 2 Fib at $15.

Be prepared for strong moves up and down with stocks like this when ...

$URBN - RC -

$URBN's  long wedge was formed here between 2018 and 2023, in November 2023, it finally broke out and retested the breakout line. It has now formed into an ascending triangle which is a bullish formation.

Price is just sitting on the 50 Day MA now and comfortably above the 200 Day MA too.

A break above the top line at $37.85 and this can move up to our First Target at $52.46 wh...

$GMG - RC -

Chart from June and Chart today.

Hit our Wave 3 target perfectly at the 1.618 Fib, pulled back for Wave 4 and found support on the 200 Day MA and then bounced for Wave 5.

Textbook.

I have added higher Fib levels as this looks to continue higher with the market for Wave 5.

$TLRY - RC -

Direction is still not confirmed, there is pros to both the bulls and bears here.

First the bears will be happy that it is still in this downward drifting channel and has still not flipped the $2.55 level which has been a strong resistance level.

Bulls will be happy that a higher low was made in November on the channel support line and bounced well and they price action is above the...

$ETSY - RC -

Moving very well here, we are finally starting to see this pull back now, after unsuccessfully holding above the 200 Day MA at $83.

I have added in the standard green Fibs to watch for during its pull back, remember impulse pull backs move in 3 waves down, so there will be a relief bounce before pulling back further, ideally all the way down to the 0.618 Fib at $70.

If $70 is held, ...

$BERY - RC - WATCHLIST -

I last uploaded this chart in the middle of Sept and alerted the ascending triangle bullish formation in yellow.

We can see now that this has just broken out and into the Bull Case.

We are getting very close to eliminating the possibility of this moving down to Wave C.

Once the price action goes above the previous high at $74.55, we have Wave 3 confirmed.

This may be one...

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$ETHUSD - ADDED TO MY POSITION -

There has been low activity here over the last few days but I am still seeing a bullish formation and higher highs and higher lows being made.

We can also see a breakout of the small bullish flag and a retest of the trend line, although it hasn't been a pretty retest.

Needs to stay above $2300 to confirm that the trend line is now a support line.

Comfortably above the 50 and 2...

$PLTR TOP 20

I am just looking at other technical approaches to $PLTR for a 12 month projection without EWT and both projections align very well, margin of error is about $4+/- at the start of 2025.

I still expect a full back first for Wave 2 before going higher.

On the Chart above, the 200 Day MA at $14.70 is looking like the target for the pull back.

Investing Golden Rules

$BABA TOP 20

$BABA without EWT, the targets still align with around the $120 level which was the previous high at the start of 2023.

It may take a couple of months but 2024 looks like a good year for $BABA and $NIO.

$OXY

Nice pull back here for $OXY, it formed an ascending triangle before it broke down and now approaching the 200 Day MA on the 1hr chart for a potential support level.

I suspect there will be a relief bounce here before moving down lower again to the 0.5 Fib or the 0.618 Fib before moving higher again.....very similar to what we are seeing on the $ABNB chart too.

$OXY is seen as a hed...

$MOS - WATCHLIST -

Another stock that I have been watching for the last few months and it is getting very very close to breakout territory.

What has got my attention is how close the 50 and 200 Day MA's are converging on each other right now......we have seen time and time again that when this happens, especially at a support or resistance level, that a direction will need to be taken, up or down....it won'...

$JBLU

Healthy pull back today but we can see clearly here that the 200 Day MA is sitting at the 0.38 Fib which would be the perfect place for the price to pull back for Wave 4 before going higher to $6.60 for Wave 5.

I said that $LUV and $DAL are my main airline priorities but I will be watching $JBLU to see if it behaves as expected.

There is potentially 30% on the table here if $5.11 is...

$DNA - WATCHLIST -

$DNA has now flipped the 200 Day MA on the daily chart and now testing the MA for support from above.....we absolutely love to see this.

A straight forward flip and test is a buy signal if the support is held at $1.64.

If $DNA is a stock you have been following closely, considering your position here when support is held is a good idea.

$NIO TOP 20

Same chart as earlier before the market opened.

Price has held the dimensions of the ascending triangle very well today and hanging around the 200 Day MA on the daily chart.

A close at or around this level and I am happy with the performance this week.

$MARA - RC -

$MARA's pull back has been aggressive today but we can not be too surprised as it had exceeded our expectations in a very short time period and ran from $6.74 to $31 in 10 weeks.

Anyone starting a position here over the last 2 weeks should be aware of this parabolic move and this is never somewhere to chase or buy.

I have said this over and over again and I can't help those who refu...

$PYPL TOP 20

Let me be very clear here.....this pull back is presenting another opportunity here.

Price lost the 0.236 Fib but as we know, this would have been a shallow pull back for a wave 4, as they typically pull back to the 0.38 Fibs

The 200 Day MA is moving up to the 0.38 Fib too and this is also the ascending triangle top level too so this is a strong confluence level.

If $PYPL can ...

$BE - RC -

It has been about 9 months since I uploaded this chart last and it has been following our projection very well.

Made a lower low in November which signals the end of Wave Z for me and is now showing signs of reversing.

Few hurdles first, will need to get above the 200 Day MA which it is just at now and then above the strong resistance level at the yellow trend line at $19, a breakou...

$LI

$LI continues its impressive run after successfully holding on its 200 Day MA and the 0.78 Fib at a strong confluence level.

The price has gone above its 50 Day MA today aswell and looks firmly in its Wave 5 now after making a higher low too at the 200 Day MA.

Next test will be going above its previous high at $42.

$LUV

Struggling at the 200 Day MA here but forming a triangle which is not necessarily a bearish formation, I would like to see this break down and come down to the white fibs at $26.20 or below so I can start a position to hold long term.

But this formation can easily have one more leg higher before pulling back properly.

I continue to watch airline stocks to start a position but have n...

$MSFT - BREAKOUT POSSIBLE-

Bullish ascending triangle formed here and about to breakout.....we spoke last weekend about how bullish this is looking and $MSFT rarely puts a foot wrong.

A break above $377.75 and this can start its next move higher to $411.

There is 10% on the table here.

$UPWK - WATCHLIST -

The way this is moving, I expect another attempt at breaking out above $16 shortly.....and it is hard to see how it won't do it this time, looking very comfortable and this platform forming looks strong to reinforce a break to the upside.

Wave 3 is at $26 which puts this in a very attractive position right now.

$SE TOP 20

$SE has been enjoying this Xmas rally and has bounced since $34 to $41.89 today and continues to make higher highs too.

It is about to enter the gap fill area at $42.55, this goes as far as $44.75, filling this gap will be a good start before attempting the much larger gap above which was halted in October....the market was certainly in a different situation then it is now.

$PSA - WATCHLIST - SAFE HAVEN -

A reminder of this fundamentally and technically strong company.

We can see that the 0.618 Fib has held and bounced which is the perfect spot for Wave 2 to complete and it has been performing very positively since holding.

There is still a long way to go to $420 which is the previous high but more importantly, Wave 3 is at $664.....a more than 100% jump from here, that being said it...

$NIO TOP 20

$NIO held very well yesterday and never seemed to threaten losing the the 200 Day MA at $9.17.

It looks like the Gap fill is the main objective here for the market and I am observing the early stage of an ascending triangle formation, which is typically found in Wave 5's too.

This is good, meaning we are in Wave 5 as expected and there is still more upside before the ABC correction ...

$FSR

$FSR announced today that they have delivered 4700 EV's in 2023 and they also announced they a plan to accelerate sales and deliveries.

The market has welcomed this development and is up 10% in the PM now.

We spoke about a need for a catalyst here for $FSR and this may be it to reverse

I have added in the impulse count, as the higher low on the 20th of Dec is fine for Wave 2 c...

$CROX - RC -

Heavy rejection here at the 200 Day MA and just saved by the 50 Day MA now.

$CROX can make another attempt at holding on the 0.618 Fib level or the green line at $77 but losing $77 and the price can come all the way down to our Wave C level in the $50's.

$CROX is not a stock I have been bullish on, that being said, its popularity can still be seen everywhere.

$MED - RC -

$MED has declined aggressively since the highs in early 2021 and has struggled ever since to find a bottom to consolidate, it has also struggled to hold a yellow support line too.

The Blue line indicates the Covid Low at $50 and we can see that the wedge is indicating a tightening position around $50.

I do not see any other direction yet until this wedge has broken down or broken ou...

$UPS - RC -

Very nice straight forward chart here.

I particularly like how $UPS held support exactly on the 0.65 Fib which is also our blue support line take from the top in 2018, this made for a strong confluence level and bounced accordingly.

Still has the 200 Day MA to get above first but if successful, the bullish flag has the potential to breakout and the targets are above as shown, intere...