The Long Investor

TWEET: $AMD TOP 20

$AMD Impulse Wave is still valid but bulls are struggling.

 I am still holding 200 WMA is at $113 0.618 Fib is at $120

Support needs...

$AVGO - RC - WATCHLIST -

It has been a long time since I charted $AVGO but it has been consolidating in this ascending triangle since May and continues to make higher lows now.

So a break above $186 (price is at $183 now) and it is into the Bull Case and the extende...

$LYFT - WATCHLIST -

Big test now for $LYFT

3 wave pull back to in between the 0.38 Fib and 0.5 Fib levels, which is also where the 50 and 200 Day MA's are at too, so big test in this confluence level

If $LYFT can hold above $15 then it can reverse and mov...

$RLX - WATCHLIST -

Very very nice set up right here.

We have a triangle breakout at $1.85, followed by a retest of the breakout level, which is also the 200 Day MA today at $1.86 and so far holding and bounced on this support.

I have not changed this cha...

$COIN

Another test and bounce above the 1.618 Fib at $296 over the last 2 sessions

The triangle is starting to look messy so I have removed it

As long as the price holds above the 1.618 Fib I believe this will move higher with crypto until t...

$COST

$COST has made it to the $1000 mark today and what a run it has been, not cheap here by any stretch but people found solace in $COST and their money was safe.

Price is extended now at the 3.618 Fib nearly, so I have added in Green Fib levels...

$OSCR

Right shoulder did not hold on the green 0.618 Fib and the larger white 0.38 Fib

So it is down to test the next Fib level and that is the green 0.78 Fib at $14.36

We just need to see a higher low above the November low.

I am hold...

$QQQ TOP 20

A lot of the Mega Caps performing very strong today and a number of them making new ATH's too

Very happy to see $NVDA holding up as well and this is crucial for the Melt Up scenario to play out properly.

Price is testing the top line o...

$SMCI

Right back down to test the 50 Day MA which was the important breakout level with the descending wedge top line.

Price is still above the blue support line and 50 Day MA now too

But needs to hold this level now at $37 if it wants to go...

$AUR - RC -

Nice looking chart here with a Cup and Handle formation

Price is comfortably in the Bull Case now and retested the bull case line to go higher too.

Could be looking at a strong move here shortly and ultimately moving up to the top line...

NESN - RC - SAFE HAVEN -

This is a requested chart but has flown under our radar and a lot of peoples because it is based in Switzerland

But that being said, there is a lot to be bullish about here over the next 2 years.

Price has moved up very well in 5 waves...

$OKLO

$OKLO is failing to find momentum so this ABC correction may not be complete yet

We are seeing lower lows now too, so a retest of the blue support line from early November is possible next.

Failure to hold here and the next levels to w...

$BABA TOP 20

I said yesterday that I wanted the price action to drop a little bit more to $89 or below so we can get a proper test of the 0.618 Fib at $87 and we could see a flush down to this level at the opening today

A test and hold between $87 - $89 ...

$JASMY

A 3 wave pull back since hitting our Wave 5 level is certainly visible now and the pull back came in between the 0.5 - 0.618 Fibs, so this is as standard as you'll get.

After a pull back of this nature, we are looking for signs of a reversal...

$ETH

$ETH is still above its $3700 line, having dropped below it twice now and recovered both times instantly.

So the market is aware of the significance of this line and this is why we have a battle going on at the $3700 level.

Both option...

TWEET: $SPY

Possible best to worst case scenarios when the market corrects after Wave 5 completes.

$CNDT - WATCHLIST -

Very nice and simple looking chart here.

Price has consolidated above the 0.78 Fib at $3 since the end of 2022 and it is starting to bend higher in this Cup and Handle formation now.

The 200 WMA is the level that needs to be flipped to...

$SOXL

There are no changes to the chart here but it is worth sharing this again to show where I have Wave C and this has been in place for months now.

A break down out of the wedge is not a good sign, followed by a rejection below the wedge and th...

$DDOG

Another perfect example of Wave 3 finding resistance at the 1.618 Fib along with a lot of the charts I have been sharing today.

I have added the pull back levels now, so a 3 wave pull back to between the 0.236 - 0.38 Fib levels between $15...

$CHTR - WATCHLIST -

3 wave pull back observed now and holding on the 0.5 Fib and the 50 Day MA at $366 today, followed by a strong bounce.

I believe this is in Wave 3 and can reverse to the upside.

Price action continues to make higher highs and higher lo...

$CLSK

Still under pressure below the 200 Day MA and the $15 line and has rejected here a number of times now

So do not be surprised to see a flush down to a lower low, to the 50 Day MA at $12.35 or the 0.618 Fib at $11.75 before it can reverse

$HOOD

We are seeing a lot of resistance at the 1.618 Fib now this week which is as standard as you get for a Wave 3 and $HOOD is no exception

Just like the $IWM and $UAL charts I uploaded, a pull back here for Wave 4 between $35 - $31 would be ide...

$UAL

$UAL has arrived on schedule at the 1.618 Fib and for me this is Wave 3 likely completing now, as there has been some resistance met at this point already.

A pull back into the Wave 4 range now over the next few weeks should allow $UAL to mo...

$BA

$BA has now bounced from $137 to $166 today and we said once the 50 Day MA was converted to support, there would be a run up to the 200 Day MA and this is what we are seeing right now, with the 200 Day MA at $170 now

We are likely still in W...

$IWM

Small caps have been feeling the pressure this week and we can see on their chart that this is down to a rejection on the 25th of November at the previous ATH level at $245, which we had set at Wave 3.

For me this pull back is Wave 4 and I t...

$HIMS

$HIMS continues to consolidate under the $34.85 level and is testing the 0.236 Fib level now again today

The ascending triangle was starting to lose shape so I am showing a consolidating channel now between the top line and the the low at th...

$AMD TOP 20

I trimmed here yesterday because a two year support level was breached and I made it clear on the chart and in my commentary for the last few weeks that if the $131 level is triggered then I will trim.

We also have a lower low now so the imp...

$NVDA

$NVDA has been consolidating sideways now since the middle of October along this green $141 level.

Price action has been able to use important support levels to stay up, by using the 0.38 Fib and the 50 Day MA, so converting the green line t...

$GOOG TOP 20

$GOOG having one of its best days since April after it revealed to the world yesterday how powerful its Willow chip is, a quantum computing chip that seems to be extremely powerful against its closest rival.

$GOOG has made a higher high now ...

$NIO TOP 20

$NIO bounced up to the blue line yesterday at $5.32, which was also the 50 Day MA and found resistance.

We can see that it has pulled back to the 200 MA on the 1hr chart now for a test of support, along with the other Chinese ADRs.

Ret...