The Long Investor

$BTC TOP 20

The regular chart I upload of $BTC is what I am watching and it is still in its bull flag but has so far only pulled back to its 0.236 Fib at $60k, it did go as low as $56k but this was still short of its 0.38 Fib at $51 and certainly not close to...

$SANA - RC -

$SANA is used to wild swings and they happen a lot here, so be prepared for these movements if you ever consider a position.

It is regularly in the high volume category most weeks.

I believe Wave C is not complete yet either, after cou...

$CMG - RC -

Speaking about Chipotle, Ackman has just reduced his holding here and we can see why,

Very clearly in an aggressive Wave 5 now and routing fast to its 1.618 Fib at $3666 (omen)
I would be surprised to see $CMG go any further without needi...

$SG - RC -

Sweetgreens has a cult following with the Millennial generation, similar to that of Chipotle but different cuisines.

Very large Cup and Handle formation here, which brings the price back to the blue line at $40

Ideally the price to buy...

$FCX -RC - WATCHLIST -

This is a chart we last uploaded in September and it has been brought back to my attention by one of our members.

There is no changes to our chart or count but we can see that the price is now moving up our Wave 3 count and has just broken i...

$JD

Chinese ADRs and the HSI have all run very hot lately so we need to be prepared for a pull back soon in order to strengthen the impulse structure, we are seeing on the $BABA chart that Wave 4 is due at any stage now, since Wave 3 has already hit i...

$BIDU

Morgan Stanley have downgraded $BIDU to $125 from $140 today, which is probably the most bizzare thing you could read today but very typical of Morgan Stanley to do, they want these shares because they missed the run from $BABA and $BIDU is the ne...

$ZIM - RC -

$ZIM has moved very strong here since it held on the 0.618 Fib and for our Wave 2, it has now broken above its 50 and 200 Day MA and has made a golden cross but well into its Wave 3 now, where we have the target at $24, at the 1.618 Fib.

If ...

$IWM

$IWM has been moving well since bouncing on the 200 Day MA, just above the 0.38 Fib

It has not made a new high yet above $212 so we can not rule out a consolidation sideways here yet but the price action continues to follow our chart and thi...

$X - WATCHLIST -

When it rains, it pours.

A lot of set ups right now, so please weigh up what interests you the most and what appeals to you and allows you to hold a position comfortably for a long period of time.

$X has completed its sale to a Japanes...

SILVER - SAFE HAVEN - IMPORTANT NOTE -

Silver has been textbook.

It has followed our projections perfectly and we were able to take advantage of this, our buys were executed exactly at the lowest risk level and maximum gain point and we have been rewarded for our discipline with ...

$YINN

$YINN has blasted through the blue line at $30.75 and into the bull case, marking a 100% jump since we first highlighted this to our group.

I would look for a retest of the blue line first if you have not already entered here.

Worst c...

$JMIA - RC -

$JMIA continues to move higher in what I see as Subwave 1 of Wave 3.

This Subwave 1 has still not completed as it still has smaller wave 5 to complete, so if you are not in this already, I recommend waiting for Subwave 2 of Wave 3 to pull ba...

$PDD

$PDD continues to be the best performing Chinese stock over the last 2 years and its growth and increasing margins speak for themselves.

Large cup formation continues to complete here too and it aligns with our Wave 5 completing at the 2 Fib...

$COPX - SAFE HAVEN -

Very clean breakout and strong bounce here.

So now we have GOLD, SILVER and Copper breaking out

Smart money and China are building stockpiles for whatever reason but it is an alarm bell for us towards the market

If we see a melt ...

$VSCO

Victoria Secrets have this week decided to go back to their roots and start selling clothes for healthy people and not targeting the woke generation.

Sex sells, whether we are comfortably with that or not and people have had enough of seein...

$CLSK

Continues to consolidate within the yellow channel but has made higher lows, after testing the green line on the 15th of April, a level it needed to hold to validate the impulse wave.

Since then, $CLSK has tested the yellow channel bottom li...

$BMBL

Continues to push higher and above to test its post earnings high at $12.32, a break above here and this may run to the 200 Day MA at $13.50 before a pull back.

If we are lucky enough to get a pull back to the wedge breakout level where the ...

$HOOD

$HOOD is showing up +5 % in the PM now but I can't see any news to cause this large jump.

But what we can see on the chart is that $HOOD has been holding on the 50 Day MA for the week and is finally bouncing.

Wave 4 held the 0.38 Fib b...

$CHTR - LONG TERM PROJECTION -

I said before that I was going to do a deep dive on $CHTR because I have noticed that a number of high profile 'Super' Investors have been adding $CHTR over the last 2 quarters, so usually when they are all in sync together like this, it raises my...

$ETH

$ETH has now made a higher low and is testing the descending wedge upper limit again here, if we get a breakout and retest of this wedge then I will add one more time to my holdings and then I am happy until Wave 5 is complete.

Likewise, a ...

$PAYO - WATCHLIST -

$PAYO is still holding up very well here since breaking out of its wedge post earnings, I would still expect a pull back to the 200 Day MA which is at the wedge breakout level before moving higher.

These set ups are usually prime targets to ...

$COIN

$COIN and $BTC are starting to move slightly out a sync at the moment, $COIN is down -9.5% to finish the day while $BTC has able to raise its head above the 50 Day MA so far today.

$COIN looks to be drifting down to the 0.38 Fib at $186 next...

$HIMS

Managed to finish the day just above the 50 Day MA which is good to see but we want to see momentum behind this break out, so a clean breakout tomorrow or next week and a retest of the $13.85 level and we have our buy signal to add.

$HIMS ha...

$ASTS - RC -

$ASTS finished the day up 68%.....not to be confused with a meme stock because of how hard it climbed today, this is a company that is truly disruptive and it is a satellite based communications company, believed to have better capabilities than S...

$IQ - WATCHLIST - HIGH PRIORITY!!! -

Ok folks, everything is aligning here for $IQ:

• Held between the 0.78 - 0.618 Fib for Wave 2 and entering Wave 3 now

• Broke out of its wedge, which has been in place since the start of 2023

• Above the 50 an...

  2024-05-16 16:56:35 +0000 UTC View Post

$AFRM

Testing its 200 Day MA today for the 4th time since the middle of April, bulls are battling but not following through on the bounces.....constant talk of what will happen with interest rates in the short to mid term is probably not helping any cer...

$DDOG

$DDOG found support on its 200 Day MA at $110 which was also its previous low and has since bounced.

Price action is negotiating with the blue line now at $121 which we know was a previous support level.

A flip here to support again an...

$EL - WATCHLIST -

$EL may be on the cusp of finally breaking out of this two year downward channel which has not been pretty

$EL is the market leader in cosmetics but has been under pressure from fast moving growth stocks over the last 2 years like Sephora an...

$DUOL

Duolingo has been consolidating after a strong 2023 and is now between the yellow trend lines between $250 and $171

Failure to hold $171 and we would be watching for $DUOL to hold support on one of the green Fib levels at $153 or $131 to exp...