The Long Investor

$RIOT

Crypto miners are deeply in their long consolidation period now and into their 2nd year of this very long descending wedge.

What we have seen from these long periods of consolidation is that the breakouts tend to be fast and aggressive which does align with the crypto sector.

But until this happens it never feels comfortable oscillating in this range and holding onto hope.

$M...

$LULU - WATCHLIST -

Has now given us a very good 3 wave ABC pull back and went as low $331 this week, just shy of the 0.5 Fib

The very obvious support zone is the 200 Day MA in the middle of the 0.5 and 0.618 Fib at $320, so this level can not be ruled out right now for a test but if $LULU can find support here shortly then a reversal to the upside is on here next

Remember how clean the impulse wave wa...

$SBUX - WATCHLIST -

Big test now for $SBUX, it has got caught up in the selling this week and this has allowed the price action to retest the large triangle that has been in place since 2021.

A successful hold on this level and a market reversal to the upside and this is a buy signal to catch the remaining part of this Wave 3 move to $137 at the 1.618 Fib

Losing this level and the 50 and 200 Day MA's m...

$AAL - WATCHLIST -

$AAL is moving like a lot of stocks right now, retesting a support level and we can see that it is a confluence level at this 200 Day MA, with the 0.618 Fib and amongst the breakout range of this 4 year wedge.

$AAL needs to hold support now in this range between $12 - $14 and if the market does reverse or at least bounces next, $AAL can benefit greatly from this, which is why I added in t...

$VSCO

Is back under its red channel breakout level at $21.30 which is also the 0.78 Fib from this pull back, again we can see that this pull back has been fast and harsh and still waiting to find support since the decline started in the middle of December.

That being said, I believe $VSCO can find support soon and start moving higher next.

If $VSCO can find a higher low support then this ...

$TSLA TOP 20

$TSLA has descended now since the middle of Dec and still searching for support, price is below its 0.618 Fib and the ascending triangle line at the same level at $272.

Crucially, $TSLA is also close to testing its 200 WMA at $248.

This was a resistance level for the whole of 2024 and the moment the price broke out and held above this MA, the price jumped from $240 to $480 in 2 mont...

$BTC TOP 20

I'll admit that the Crypto Strategic Reserve reveal was not as show stopping as many thought it would be, as the US is just converting $BTC they already own from confiscated illegal activity and holding it in a reserve, the positive is that they do not intend to sell any which limits supply and I suspect their approach can change at any time....meaning they could add to it if budget cuts are a...

$QQQ TOP 20

The 50 WMA and the 0.618 Fib are both at the same level right now at $483.

This is therefore an important confluence level that the bulls and bears will both be watching closely.....as the $QQQ is now below its 200 Day MA and has not retested this level from below yet.

The key for me now is watching how $NVDA behaves, it needs a relief bounce and I believe the $QQQ and the market re...

$SPY TOP 20

Oddly, in spite of the volatility and pressure on the market over the last 2 weeks, there is no changes to our chart.

We have been monitoring this closely and we are ready for whatever the market throws at us.

The 200 Day MA was tested again today and even dropped slightly below before recovering and finishing the day above this MA.

Very clear brief here:

Once the price ...

$OSCR

Today was not the day for any company to breakout and turn bullish and $OSCR will need to wait another session or two for this to happen.

We can see a pull back from the breakout level but holding nicely on the 200 and 50 MA on the 1hr, which is also the 0.38 FIB at $15.50.

$OSCR has been a pillar of strength over the last week and I am happy that it is a big part of our Top 10 list...

$HIMS

$HIMS has lost the important $36 level today after a double catalyst blow and Wall St jumping on the news with lower PT's, they managed to get their way at least in the short term and have been able to drag this down.

Worst case scenario for us is that this pull back from $72 is an ABC correction and this is looking like it is confirmed now with a very shallow Wave B, only bouncing to the...

$RDDT

Very similar to $NVO, $CAVA, $ANF and $PLTR HERE

5 Impulse waves up and Wave A looks complete now and holding on the 0.38 Fib as we have seen on the charts above

A hold here and Wave B is next for me, followed by a further decline for Wave C as shown.

$RDDT has run since its IPO so a breather is welcomed

Some might take the Wave B bounce here but the larger opportunity...

EUR/USD

A number of people have asked about the EUR/USD because it has popped over the last few days but there is very little concerns on this chart.

Price is still below the 50 and 200 WMA's here and in this long 17 Year Wedge.

Only when the price has broken out at 1.12 would I consider the Dollar under pressure and will then follow the large climb like we saw in 2007.

$TLT - SAFE HAVEN -

We need to strongly consider that after every major economic correction since 2008 Bonds have shot up to record levels

While the price continues to be at record lows now and substantially below its 200 WMA at $110.

Dividend here of +3.69% too.

Price has also held very well on the last Fib support level at $84 at the start of the year, making this a very strong hedge a...

US 10 YR

In the last update we shared that the 10YR had dropped back into the wedge and fell below the 200 Day MA but we can see that yesterday there was a recovery and the price is already back above the 200 Day, the wedge support line and the 0.5 Fib.

We need this is drop lower for the market to go higher, a test of the 0.618 Fib at 4.06 is still possible here so we will be watching for this.......

$LAC - RC -

It has been a long time since I last uploaded this but the chart has continued to follow our projected theory, which shows that a break down from a descending wedge typically falls the length of the largest width in the wedge.

So unfortunately here there is still a risk of a fall down to the blue line near $1.

Only unless the 50 and 200 Day MA are broken above $3 can we expect a rev...

$FCX - RC -

Some consolidation here since 2022 and has rejected trying to breakout out above the blue line at $52 in early 2024.

Price has been able to hold above the 0.618 Fib on this pull back but this must be maintained now to allow for a retest of the blue line again next.

Flipping $52 to support can allow the price to continue in Wave 3, with a PT at the 1.618 Fib at $101.

$CAVA

Another example of a perfect chart and something that should be studied to see how an impulse wave and corrective wave works, when combined with Fibonacci levels and technical analysis.

5 straight forward impulse waves higher, followed by a corrective wave, and down in 3 perfect waves too.

Wave A held on the 0.38 Fib, bounced for Wave B for a lower high and held under the blue resis...

AF - AIR FRANCE -

So the longest descending wedge in the market finally broke out today and is already up +22.5%

This is a chart we have been monitoring for some time now and the moment the resistance line cracked, this took off (pun intended)

No changes to the chart or Target Levels but I am just bringing this back to your attention

Those who are not in here should be looking for a retest of ...

$AMZN TOP 20

Ok this is the 1hr chart, so you won't see the 200 Day MA at $198, where the price held support on this week.

But I need to show you the 1hr chart for clarity now.

We have a run up to the 50 MA on the 1hr chart and some red in the PM now, this could signal that the first wave bounce is complete and this is the most important part next, the pull back to a higher low, so I have added ...

HSI

A very very clear retest of a strong resistance/support level on the blue line at 22.717 and now there is a bounce and a higher high.

$BABA could not go any lower than $126 because the HSI held this suppport.

And so far this Wave 3 for both the HSI and $BABA have been very aggressive, which can happen after a long period of consolidation, as we can see clearly here from October 2022...

$ASML - TOP 10 -

$ASML has not been feeling the same heat from the Semi sector as others lately, particularly $NVDA because it has already completed a standard pull back and is sitting right on its 200 WMA right now.

The market is likely comfortable that $AMSL is not overvalued and there is little benefit to selling here and holding or adding around the 200 WMA makes the most sense here for long term.

$BIDU - WATCHLIST -

I will continue to share this chart in this bullish set up and believe $BIDU is in a strong position to follow the HSI and Chinese ADRs higher next, after finding support on the 0.618 Fib and now back above the 50 and 200 Day MA's now.

A retest of the 200 Day MA at $90.40 would be welcomed here and give another buy signal, before bouncing higher to test the channel breakout level at $101....

$SG

Continues to hold on the 0.618 Fib at $20.93, even with the rollercoaster 5 days of trading we have had, earnings are now out of the way too and the pull back from $45 to $21 could be factored into the share price now.

As long as the price holds above the 0.618 fib at $20.93 then a reversal can come next, as the 0.618 Fib is the standard support level for a Wave 2 pull back.

A move ...

$YINN

You know the drill folks, if $BABA moves, $YINN moves higher with it.

We can see that $YINN is being kept under its First Target now, so flipping this level to support at $46 and there is a run ot the Second Target at $71 next.

$BABA I believe will need to make a higher high next to allow this to happen.

$YINN is a 3 X leveraged position, so please take the standard disclaime...

$PYPL TOP 20 - WATCHLIST -

Folks I am quite bullish on $PYPL here in the Buy Zone now and have added twice now over the last week.

RSI got as low as 17 today which is almost at historical lows for $PYPL.

Holding above the blue range support line and the 0.618 Fib at $67 is somewhere I am confident about accumulating in

If this pull back is complete, then I have this as a Primary Wave 2 complete, which ...

$VSCO

Reports after the close today and the price has sunk to the 0.78 Fib today at $21 in anticipation for these results.

They have not missed on earnings since 2023.

I am struggling to see what the concern is now before the earnings are released.

RSI on the daily is at 14 now.....I suspect we could see a strong reaction to these earnings if it is a positive beat.

$DAL - WATCHLIST -

I like $DAL and I like $AAL here.

Both have retested their 200 Day MA this week and and in $DAL's case it saved it from infringing upon Wave 1 and it was also the triangle top line too at $54.

Wave 3 was standard at the 1.618 Fib and Wave 4 looks good if it can hold here.

Wave 5 should be next then and could complete at the 2.618 Fib at $88.

$ANF - TEXTBOOK CHART -

Beautiful textbook chart and something we can learn a lot from.

Impulse Wave completed in 5 waves.

Wave A then pulled back to the 0.38 Fib (often confused as a Wave 4)
Bounced then in a corrective manner and in a bearish triangle

Broke down from the triangle and dropped right down like clockwork to the 0.618 Fib today at $79 after its earnings release.

And just above ...

$BTI - DIVIDEND OF 7.5%

Still one of the best looking charts, best performing low risk stocks and one of highest rewarding dividend stocks.

A big earner for many members here since the start of 2024 when we called Wave X completing at $28.

Price has once again used the 50 Day MA for support this week and bounced again as many people consider this a safe haven....and it's dividend speaks for itself.

T...