The Long Investor

$CRWD

So $CRWD managed to pull all the way back to its 0.618 Fib at $208 and managed to do all of this in Wave A.

I do not see any Wave B in this pull back so the bounce now is only Wave B for me a...

$SNOW

Make or break time for $SNOW.

So far it has tested its previous low from 2022 and has held but it needs to make sure it stays above this level.

A hold here and Wave C is a possibility 2024-08-08 10:52:05 +0000 UTC View Post

$SOLUSD

We can see here that Solana has pulled back further than $BTC has, it has pulled back exactly to its 0.5 Fib at $108, which would be $44k for $BTC, which is why Solana has responded better over the...

$AMZN TOP 20

$AMZN has been showing relative strength over the last 2 sessions but I believe this is because it had pulled back stronger to its 0.38 Fib and below its 200 Day MA, which is lower than the $QQQ, $...

$PDD - RC -

$PDD is back above its 200 Day MA and its 0.618 Fib support line at $130.

They are also expected to report their earnings in the next 2 weeks but the date has not been set yet.

Impulse ...

HSI

Another test of the Green Historical Support line, which has been in place since 1998.

Coincidentally, the green support line is sitting exactly on the 0.618 Fib now too at 16,669.

Pric...

$BTC TOP 20

$BTC pulling back below the 0.38 Fib at $51k on the 5th of August means that it is still in its corrective wave as a lower low was made, on top of this, it is also in a complex corrective wave, so ...

$CLSK

The channel could not hold!

The price stayed above the green line at $14 from Feb to August but when it needed to hold the most, it could not withstand the selling pressure, likely brought o...

$GOOG TOP 20 - LONG TERM PROJECTION

Same chart I uploaded a few weeks ago here with no changes, moving beautifully and down to the green line, where the 50 MA on the weekly chart is moving to, which is also the 200 Day MA on the dail...

$SPY TOP 20

I have added the 1hr chart to show you the subwave movement of the price action over the last few days.

We can see that the price bounced in 3 waves higher, something I alerted about yesterda...

$MSFT TOP 20

$MSFT is testing its 200 Day MA from below now, $MSFT is in the same category as $AMZN, it lost its 200 Day MA and drifted close to its 0.38 Fib too, a test of its 0.38 Fib would be ideal to confir...

$GOOG TOP 20

$GOOG is getting close to a confluence level now at the blue line at $155, which is also where the 200 Day MA is waiting and just above the 0.38 Fib, like $AMZN, a test of this level near the 0.38 ...

$OXY

$OXY also report after the close later today and the price is right back into the Buffett Buy Zone where he was buying for the whole of 2023, he also bought higher above $60 in June and July too. 2024-08-07 19:23:08 +0000 UTC View Post

$HOOD

$HOOD reports after the close today and the chart is causing a little concern, the fall from $25 to $14 was very aggressive and went straight down to the 0.618 Fib at $14, arguably there is no Wave...

$PFE - WATCHLIST -

$PFE is now at its confluence level of the 50 Day MA and the 0.618 Fib at $28.70, this is where we will watch for a hold of support here.

Losing this level and the next level to watch will be...

$TSLA TOP 20

$TSLA losing the wedge support level at $231 triggered many to sell, stop losses to get raided and when the 50 and 200 Day MA were lost, the impulse count broke down.

The $140 to $270 was lik...

$TGT - WATCHLIST

Another chart that is just holding on the 0.618 Fib and so far looking to confirm support.

I do like $TGT, I like the technicals and fundamentals and have 1 buy in already as a starter positi...

$DKNG

I am very impressed with $DKNG's chart and counts.

Wave 5 completed and it has dropped very well now in a controlled corrective wave of 3 waves.

Price is still above its 0.5 Fib so we n...

$PAYO

Reported today and beat earnings estimates by +50% and up +15% now in the PM.

No changes to our chart.

Price also made a higher high yesterday after finding support on its 200 Day MA at...

$MELI - RC -

$MELI has now made a higher high from its March '24 high and has since bounced on its 200 Day MA after a strong earnings report on the 1st of August,

I suspect Wave 5 is not complete and its ...

$DIS TOP 20

$DIS reported a double beat this morning and the share price is still down -2% in the PM now

I am looking through the report and I don't see any issues but the one item I see they have change...

$HIMS

Ok I am not going to lie, there has been 3 large attacks and catalysts on $HIMS over the last few months that it has made me work hard on this chart, so I spent some time on this this morning, now ...

SILVER

SILVER is showing that sellers have started to dry up and the RSI is below 30 now in oversold territory and the MACD is in a massive oversold position

Last time its RSI was below 30 was in Ja...

$AMZN TOP 20

I added $AMZN yesterday at $160 and in the last update I said this was high on my priority and that Wave A had every reason to be complete now, after losing the 200 Day MA and holding support on th...

$ABNB TOP 20

$ABNB missed yesterday and gave a weak guidance for Q3 and it may need another 1 or 2 earnings to show an improvement but I can't deny that I am attracted to buying $ABNB once support is found and ...

$SHOP TOP 20

$SHOP is up +18% in the PM now after a strong report across the board, with no issues or concerns and healthy guidance.

We can see clearly now that the 0.618 Fib has the support level at $49 ...

$DELL

$SMCI reacted by jumping +17% after their earnings release and as I write this, it is down to +4% and trending in the wrong direction.....but the earnings call is still to come.

If $SMCI can ...

$BKNG

$BKNG may benefit from $ABNB declining, so far it has pulled back since its earnings but held exactly on its 0.38 Fib and trend line support at $3177, this is where we would expect a hold for Wave ...

$SMCI

Also reports after the close today and has not been following $NVDA higher today but is struggling underneath its 200 Day MA after a strong flush down yesterday.

The 0.618 Fib was not touched...

$ABNB TOP 20

$ABNB reports after the close today and it too felt the selling pressure yesterday as the price dropped into the Buy Zone between the 0.5 Fib and 0.618 Fib levels at $125 - $115

Price has bou...