The Long Investor

$V TOP 20

Just a recap:

• Pull back has come back to the 0.618 Fib and the channel breakout level

• Held above the confluence level too

• Bouncing away from the level too

• Golden Cross about to take place ...

  2024-10-06 10:56:56 +0000 UTC View Post

$TSLA TOP 20

Big week this week for $TSLA, on 10/10 they are due to release information on their FSD capabilities, it is unclear how much is going to be revealed at this event or if a working prototype will be available but there is certainly a lot of anticipa...

$SHOP TOP 20

$SHOP is starting to look a little slippery here and moving above the 200WMA at $81 now

I have zoomed out to show where Primary Wave 3 can go to to remind us of the big picture and with an average below $60 we are doing very well.

If $...

$PYPL TOP 20

$PYPL moved well with the market on Friday and came back up to test the 2 Fib again at $79, it has still not made a high high yet.

I also can not rule out Wave 5 completing at the 2.618 Fib either, I have set the amber Fib levels in case the...

$NKE TOP 20

$NKE we added this week, along with $OXY and $ABNB. Price came down to the middle blue line at $82 and the 0.618 Fib and has held so far

The 50 Day MA is very closely by at $80, so a test of this level can not be ruled out right now but I am...

$MSFT TOP 20

$MSFT continues to lag behind the other Mega Caps now and has dropped significantly over the last 2 weeks.

Price is back to the 50 and 200 Day MA now, which are at the same level at $416

A bearish channel has also been formed here too,...

$INTC TOP 20

$INTC is moving well now, it found resistance at the blue line at $24 and giving us a pull back so I have added in the green Fib levels to see where support can come, price has already tested the 0.5 Fib and 50 Day MA at $21.59, so let's see if th...

$GOOG TOP 20

$GOOG is still one of my top holdings and like $AMZN I am giving it every chance to make it back up to Wave B or its ATH line, I am doing nothing with my position right now but observing

I did like to see a break higher away from the 50 Day ...

$DIS TOP 20

$DIS continues to be ignored by the market right now and I don't see anyone speak about it

A retest of the 50 Day MA here would be ideal around $90, a hold here and this could propel higher to our Wave 3 target at the 1.618 Fib and close to ...

$BTC TOP 20

$BTC is sitting between the 50 and 200 Day MA, the good news about this is that as the price sits in this tight range, the moving averages will merge on each other and this is usually associated with a strong move in either direction, bulls want i...

$BABA TOP 20

HSI does not appear to be done just yet and the blue line at $121 is staring at us very clearly right now

$BABA Wave 3 is definitely extended and a pull back is coming next, how far it goes extended nobody knows, what we do know is that $121...

$AMZN TOP 20

$AMZN likely had a rough week due to the Port Strike and possibly market makers wanting to squeeze some more out of $AMZN before Prime Day next week.

Price dropped to in between the 0.5 -0.618 Fib this week, just above the 50 Day MA

I ...

$AMD TOP 20

$AMD finished the week beautifully

There was a clear retest of the 200 Day MA and the yellow trend line and once it held and broke above $164, the price took off and finished at $170 to end the week.

This sets up $AMD very nicely into ...

$ABNB TOP 20

$ABNB is a chart that should be studied by those who are eager to learn EWT.

It has consistently been very strict following counts and holding on support levels and finishing at resistance levels.

In August we saw a hold on the 0.618 F...

$AAPL TOP 20

$AAPL is consolidating at the moment above the 50 Day MA but below its ATH line at $237, I suspect it is waiting for the Tech market to catch up, i.e. $NVDA to breakout of its Wedge.

Like I said under the $NVDA chart, a breakout above $126 a...

$BUD - WATCHLIST -

Bringing this back to your attention now as the price is testing the ascending triangle top line now at $67.50 this week, a breakout and hold above this level next is a bullish signal, if the price can hold above this level then the blue line is t...

$HASI - RC -

$HASI has moved back up to the ascending triangle breakout level again at $34, we saw a breakout above this level in the middle of Sept but on the retest it could not hold and needed the 50 Day MA to come to the aid of support, I have no issue wit...

$TGT

Price has just gone above the 200 Day MA, after a weak week, where the pull back went as low as the 0.78 Fib, which is below the standard pull back level of the 0.618 Fib

The price action is still within the wedge and maintaining its impulse...

$PFE

Price action is testing the 200 Day MA on the pull back now, the price has lost the wedge line so there is a level of risk associated with this pull back.

The 0.78 Fib is just lower at $27.90 too, which has been a support level since the mid...

$AMD TOP 20

We can see that $AMD has clearly bounced on the 200 Day MA now and broken above the $164 blue line now too.

Ideally we want to see a retest of this level from above but this time holding, this was not done this week but there is a second cha...

$ABNB TOP 20

$ABNB giving us a clear reversal bounce now off the 0.38 Fib and 50 Day MA, making this a standard pull back and true to $ABNB's form, it is very structural and why we entered when we did.

Wave 5 remains the target at $136 next

$RLX - WATCHLIST -

Ok we have the wedge breakout now in the PM and the price is moving fast

So those that are not in this already would be better of suited to adding at Wave 4 on the retest of the wedge breakout to catch Wave 5

That being said, if there ...

$BB - RC -

There is very little certainty right here, Wave 5 potentially bottomed at $2 but I am not seeing the formation of a new impulse wave since this point.

We could see some sideways consolidation until the wedge trend line for the remaining part...

$SNAP - RC -

Remarkably $SNAP found support on the bottom blue line at $8.23 now 3 times since October 2023

This triple bottom has allowed the price to bounce this month and complete Wave 3 for me

Pull back for Wave 4 is happening now before moving...

$META - RC -

$META continues to be the wildest chart in the market for me

From $87 to $585 from the end of 2022 to now, making Zuck the second richest man in the world right now

And the market continues to buy this in spite of how aggressive it has...

$TSM

$TSM is in a similar situation to $AMZN right now, potentially rejecting at the Wave B level before making a new ATH, so we are watching for another attempt at making a higher high above $194 next, any rejection here and this is coming down for Wa...

HSI

HSI showed enormous strength today and just made a higher high too

I have brought up the 1hr chart to look at the movement of the pull back since Weds, first of all, the pull back has been shallow, as it only went to the 0.236 Fib and not th...

$AMZN TOP 20

Ok the strike is now potentially over but at least postponed until Jan 2025, workers will vote on the proposal over the next few days, $AMZN is getting a bounce in the PM now on this news.

We can see that the pull back dropped in between the...

$TLT - SAFE HAVEN -

$TLT continues to move very well in this pull back after Wave 5 hit the perfect Fib level at 2.618 at $101.

We can see that there are 3 waves so far in this pull back and I don't believe this last wave is complete just yet.

The 200 Day...

$NVDA

I maintain that $NVDA holds the key to the market, particularly the $QQQ and will certainly influence the Semi and AI sector.

Price tested the top wedge line and pulled back to a higher support on the 50 Day MA and is looking set to test the...