The Long Investor

$LCID

I can't believe I am saying this but this little rascal is not in a bad position right now.

Leading Diagonal impulse wave from June and pulled back in 3 perfect waves to a confluence level be...

$BIDU TOP 20

I think the pull back for Wave 4 has started, the RSI has also confirmed this too.

Like I said in the chat group, the 0.38 Fib at $102 is the target for this pull back, very similar to $BABA ...

$ABNB TOP 20 - WATCHLIST -

$ABNB has used the 50 Day MA for support and now using the 20 Day MA for support, still between the 0.38 - 0.5 Fib support levels too.

Price has not made its move yet so this is still a good ...

$MARA - RC-

$MARA looking very $SOFI here before it broke out of its own very long wedge.

Price continues to trend downward through this wedge and being kept down by the 200 and 50 Day MA.

With $BT...

$IQ

Handle appears to be forming now for this Cup.

A higher high has not been made this week either and we are getting a good pull back in the PM like the other Chinese ADRs

Fib levels have...

$FSLR - RC -

Looking very straight forward here

Wave 5 finished at the 2.618 Fib which is as standard as you'll get

Pulling back in a corrective wave now

Wave A also held and bounced on the 0....

LVMH - RC -

No changes to this chart but I have not uploaded it since Jan 2024

I still have this in a corrective wave but I can see why it was asked for again

The bounce on the 0.38 Fib at 673 was ...

$CPNG - RC -

Nice double hold here on the 0.618 Fib, price then used this as a platform to break higher and above the blue line support line at $21 now and in the Bull Case

If the price can continue to ho...

$CNH - RC -

$CNH is a requested chart but I have to say, I really like the look of it

I'll explain:

• Bottom yellow trend line has been in place since the GFC crash in 2009

• Mov...

  2024-10-03 12:32:06 +0000 UTC View Post

$NIO TOP 20 - ALTERNATE VIEW

I have just uploaded the regular $NIO chart just now but I always cross check my work on other charts to see if I have missed something and there is one clear observation that I have found

Fi...

$NIO TOP 20

There is a lot of activity around the $7 level, apart from it being a whole number, we can see that it was a support level prior to December 2023, on the retest of this level in Jan 2024, the price...

$BABA

I think the initiation of the market pull back is happening now, HSI did drop -10% at the opening but recovered a lot but I think this was the signal to the market that the pull back further will c...

$HIMS

This is getting to be old news now, $LLY report that they are no longer short of their GLP drug and $HIMS share price sinks.....but let me be clear, this share price was pulling back regardless, it...

$BTC TOP 20

I wanted to be wrong on my assessment of the white circled area.....where I said it is difficult to see how this is anything more than a 3 wave movement....making it difficult for an impulse wave h...

$ETH

$ETH and Crypto have started 'Uptober' poorly, pull back has been aggressive and has gone beyond the 0.618 Fib pull back level, so we do not have a double....in fact a treble 0.618 Fib hold here ju...

TWEET: Approach to Investing

Our Approach To Investing:

- Find fundamentally undervalued positions

- Find the trend (impulse wave or corrective wave)

- If an Impulse (bullish...

$SOFI

This lacklustre heartbreaker is holding above the 200 Day MA right now and we can see that the 50 Day MA is moving up to this level now, if there is a bounce shortly back to $8.23 then we could get...

$ONON

In Asia again this week and reminds me of $ONON again, identifying how popular I saw they were in Japan last year when the price was in the low 20's.

Price has now rejected at the $50 level a...

$IWM - RC -

Small caps continue to move in a controlled manner here, pulling back in an ABC count and about to test the 50 Day MA which is conveniently at the wedge break now at $215, making this a strong conf...

$PYPL TOP 20

I have just provisionally added the Amber Fib levels now to show where a pull back can come if Wave 5 is in

I think a lot of members would be keen to add to their position here if we get a pu...

$YINN

The 2.618 Fib at the Second Target exactly is absolutely blowing my mind

Two completely different technical approaches and they both align.

Like the HSI, I am working off the larger imp...

$NKE TOP 20

$NKE issued their earnings report yesterday and it was a mixed release

Beat on EPS but slightly missed on revenue.....guidance was that the new CEO needed time to make an impact and FY guide ...

$AMD TOP 20

$AMD is showing some difficulty at the blue line at $164, it broke above but on the retest did not hold, we know how important it is to see this

Since then, the price has lost the 200 Day MA ...

$RKLB

$RKLB is behaving itself

Wave 5 hit the 2.618 Fib and was met with resistance and as we know, the 2.618 Fib is the normal upper limit range for Wave 5

So I have added in the Amber Fib l...

$SPY TOP 20

Yesterday there was a brief sell off in the market due to the escalation in the middle east but we can see on the chart that it was simply just a retest of the $565 breakout level.

Retest of ...

$OXY

We added yesterday, $OXY is a company we have been following for 2 years, we like Buffetts assessment and reasoning, it is also very appealing holding on the 0.5 Fib now above $49

Yesterday w...

TWEET $BABA TOP 20

$BABA 

PM hit $120

200WMA is at $120

Previous High from Jan 2023 is at $120 2024-10-02 10:43:32 +0000 UTC View Post

$NIO TOP 20

The very clear message here is: The pull back on Monday was not the ABC correction

If a new high is made today then we are still in the impulse wave

The ABC pull back is still next to c...

HSI

OK

The HSI is making me work hard

That being said, the only absurd thing right now is how fast this Wave 3 of Primary Wave 3 is moving

These waves combined are the most aggressive...

$CRWD

No changes to the chart, in fact this chart has been spectacular.

Price rejected at the 200 Day MA and the blue line very clearly and has trended down

I don't intend to change anything ...