The Long Investor

$ASTS

$ASTS has pulled back over -35% so far, which is more than fair and expected after a run from $2 to $39

The blue line was the 2021 high, which is closely aligning with the 0.38 Fib, which is a common level for Wave A to complete, so I would ...

$KO

Excellent work here from $KO, a former Top 20 chart

Price broke out above the red channel and jumped to the blue line at $67, sliced through this previous high with no issue and is fast moving to our First Target at $72.

I expect some ...

$LABU - RC -

$LABU's ascending triangle breakdown at the start of August with the market sell off has caused some concern here on the chart but there is still a lot to be bullish about here

• Price is back above the ascending triangle

• <...
  2024-08-28 17:37:14 +0000 UTC View Post

$PENN

It has been revealed this week that more Americans gamble than invest which is a crazy development considering gambling has been illegal in many States in the US, so I am going to keep charting $DKNG but it has brought me back to $PENN too.....whi...

$RIVN

Is having some difficulty at the confluence zone around the 0.5 Fib at $14.17, which is also the 200 Day MA and we can also see that the price action tested the 50 Day MA just above this level.

We know now that this is a resistance level and...

$ANF - RC -

It has been a day for bubbles bursting.

$ANF is down to $137 now after hitting a high of $196 in May.

$ANF reported today and it was a double beat but margins came in lower than expected and the share price is down -18% now

Wave ...

$AMD TOP 20

$AMD is another core stock I will be looking at adding too but we are just approaching the 0.38 Fib here, for Wave 2, the very least I want to be adding is below the 0.5 Fib, I don't want to time the bottom but adding to my average at $142 is some...

$TGT

$TGT is still on my list to add but the plan remains the same here, wait for a pull back to at least the 200 Day MA at the 0.5 Fib at $150 before adding

We want to see a move down in 3 waves and right now I believe we are potentially only in...

$SHOP TOP 20

We are finally seeing some bending downwards now and a move initially to the 200 Day MA at $71

Although I am a holder here, I would like to see more of a pull back than just to the 200 Day MA, I would like to see at the very least a move to ...

$SMCI

Horrific two days for $SMCI, rejecting at the 0.5 Fib before the short attack came out and then delaying their 10k report today is not a good look, the market is certainly spooked and their actions almost confirm the short attacks report on malpra...

$NVDA

The big one.

Earnings out later and I think everyone on the planet may be aware of this.....at least inside of the financial world anyway.

I have spoke about this before and at length in the weekends briefs and I think it is too close ...

$LI

$LI has just reported and it's been a mixed bag.

Profit halved for the quarter but they have guided for stronger sales....so the share price is quite tame in the PM now.

My belief is that the EV growth sector from China will likely rev...

SILVER

I simply love how Silver moves, as it strictly follows EWT and Fib levels.

Wave 4 held exactly on the 0.38 Fib and bounced for Wave 5, price hit the resistance level at $30 and pulled back for Subwave 2 of Wave 5, and where did it find suppo...

$ETH

In spite of the large sell off late last night in Crypto, there are no changes to our $ETH chart from the last one we uploaded.

$ETH was not near it's 50 or 200 Day MA and the white Fib levels as shown were already on the chart.

We can...

$XLV - SAFE HAVEN -

The healthcare sector continues to look bullish and like no other sector right now

People need medicine and to be taken care of in spite of any economic conditions

Medicine also does not follow the laws of elasticity of demand

It...

$SLV - SAFE HAVEN -

A lot of people can't buy Silver as a commodity with their broker so they buy $SLV instead

It moves exactly with Silver but they have different prices

So SILVER at $30 is the same as $SLV at $27.40

And $SLV is of course testing $...

$SKX

It is not only $ONON running but $SKX has had an incredible run since finding support on its historical support line at $57 and now sitting at $69

No changes to our chart in over 18 months either

The Wave 3 target remains at the 1.618 ...

$PFE - WATCHLIST -

$PFE along with $LLY came out swinging today after $HIMS, they have both made it available to sell drugs through their own new online platform, a direct to consumer website, this information has not moved the dial for $PFE but it did put $HIMS und...

$NIO TOP 20

$NIO has been flirting with the top trend line of this channel all week, in spite of the outrageous 100% tariff Canada has implemented on Chinese EV's which I believe breaks the rules of the WTO.

The wedge is tight now, so a direction must b...

$CURE

$CURE has been reaching for the $149 level now since breaking out of the larger wedge at $100, up +37% now since we first uploaded this and there has been no changes to the impulse count.

I believe this will have no issues moving higher and ...

$RKLB - WATCHLIST -

$RKLB is pulling back nicely now and I like how the 0.38 Fib at $6.16 aligns with the blue potential support line, making this a confluence level

A hold here or the very least the 0.5 Fib at $5.79 and this is Subwave 4 of Wave 3 complete for...

$UBER - RC -

Very little has changed since the last upload, we are still observing a shallow pull back for this ABC correction, in between the 0.38 - 0.5 Fib but the price action has bounced well since and is above its 50 and 200 Day MA now

A pull back t...

$SMCI

I uploaded this yesterday because I noticed that $SMCI was performing a lot weaker than the other Semi companies and was down -8% on the day, way out of sync with the other companies too.....we also observed that the 0.5 Fib at $629 was a persisti...

$BTC TOP 20

$BTC has so far not held on the retest of the 200 Day MA, it is also at risk right now of losing the retest of the 50 Day MA, losing both of these levels is not a positive signal for $BTC in the short term

Bulls at any stage could make anoth...

$PLTR TOP 20

$PLTR has given us a very clean rejection now at $33 and at the yellow trend line.

I have no interest in adding before the blue support line is tested, I would rather wait until a test and even lower depending on how this is moving.

On...

SILVER - SAFE HAVEN -

Small battle going on at the $30 level now, the overall message is that the bounce since the mid $26's has moved in an impulse count, so I am bullish on Silver for the foreseeable future and certainly until the market starts its correction.

...

$HIMS

How many times have we seen information get released and $HIMS flushes, only to stabilise and move higher next, enough times since the start of this year to know that this time is no different.

I was anticipating a lower low from the 5th of ...

$AMD TOP 20

It will be very interesting to see if there will be a flush down to the 0.5 Fib today at $142 as we lead into $NVDA's earnings release tomorrow.

A test of the 0.5 Fib, puts this in the perfect position to move higher next if $NVDA smashes th...

$VICI - WATCHLIST -

$VICI has been superb since we started charting this, we waited for a breakout of the channel and this happened in July, we then wanted to see a retest of the $31.30 breakout level, this happened and then bounced exactly up to the 1.618 Fib for Wa...

$HASI - WATCHLIST -

Ascending triangle has formed here since breaking out of its downward channel in April

Price is above the 50 and 200 Day MA's too and has tested the top trend line at $33 4 times now.

A break and hold above this level and I expect a bo...