The Long Investor

$DUOL - RC -

Another stock that has pulled back between its 0.5 Fib and 0.618 Fib and has bounced from from $145 to $207

And back to its blue support/resistance line at its 200 Day MA at $207

Converting this level back to support will be a big win for the bulls, as the 50 and 200 Day MA will be converted too

There is a potential move up to $290 if $DUOL can hold above $207.

$BUD - RC -

$BUD remains in this very long and tightening wedge as the market slowly starts to forget or maybe forgive their dreadful advertising campaign last year

I suspect $BUD will stay away from the Woke community in the future and know their audience

Price has been spiraling around the 50 and 200 Day MA which further confirms the consolidation as everything is aligned together, which means there has been no movement for some considerable time

A breakout above $65 and the price can...

$SQ

$SQ is another stock that has found support on its 0.618 Fib and is moving higher now along with the other financial stocks as the 10 Year continues to show weakness

As I said before, choose which company you are most comfortable with holding for long term

$PYPL, $SOFI, $AFRM, $SQ or $PAYO

I have gone with $PYPL and happy to be in profits now after holding for the last year but we know that it needs to stay above $68 to confirm the reversal

$SQ will need to get back ab...

$PAYO

$PAYO has rocketed higher post earnings and finding support on its 0.618 Fib

The 0.618 Fib has been a very reliable Fib support level and this is become obvious to everyone now in this group and why we rely so heavily on it to find Wave 2 for us and the end of an ABC correction

No changes to this chart since the last one I uploaded

Price is locked into the First Target now at $7.80, converting this level to support and then next move is to the Second Target at $10

US 10 YEAR

Continues to look weak here with a Head and Shoulders pattern formed, combined with a death cross, bonds moving higher and inflation stabilising

We can also see that $PYPL and $SOFI are starting to make bullish moves too which we know are heavily correlated with the movement of the 10 Year.

There will be more pull backs and bounces to follow but the direction and trend to the downside remain clear

HSI

HSI stopped out at its 50 Day MA again today after a strong bounce since the start of August, exactly when the US market started its weakness but has since recovered a lot of the losses.

HSI may need to retest its 200 Day MA now to show that this is a higher support and confirming that the 200 Day MA has been flipped to support.

Confirming the 200 Day MA as a support will be a bullish signal here for Chinese ADRs

SILVER - SAFE HAVEN -

One simple instruction when it comes to Silver, we hold until the market corrects

As a safe haven, this has been very good to us so far, up 24% since our first buy and up nearly 10% since our last buy.

Safe havens are to be used to conserve our capital, but to get returns like this, when the $SPY is +17% YTD this has been incredible.

I believe the divergence between Gold and Silver, which is high right now as Gold hits new ATH's will narrow, as Silver starts gaining ground ...

$IQ

$IQ also had a strong day today as it continues to hold the 0.78 Fib at $3 and is starting to show its strength now

The 0.78 Fib has been tested 3 times now and bounced today

We saw what happened with $HIMS today after testing a support level for a number of times.

Earnings are also due out on Thursday before the market opens too, this could be the catalyst that $IQ needs to establish its reversal

Getting above the 0.618 Fib at $4 will mean the 50 and 200 Day MA has be...

$AMD TOP 20

Very solid run today from $AMD after revealing they are acquiring another company, a second company in a week to help hyperscale AI infrastructure.

$AMD is using both cash and stocks to purchase this company and they expect to complete this next year, $AMD also explained today that they do not expect much dilution to this purchase which is likely why the market pushed this higher

Usually acquisitions purchased with stock can have a negative effect on the share price in the short t...

$HIMS

We added last week at $15.70 because we said we were looking for a hold on the small 0.618 Fib at $15.50 and this level was tested 5 times.....I think this is more than enough tests for us to enter a position

Price broke out of its triangle today to the upside and up nearly +5% now for the day

We can not rule out a move down to the larger 0.5 Fib at $14.24, or possibly lower until we start seeing a higher high next above $16.70 and moving higher in an impulse wave

But like ...

$TGT - WATCHLIST -

Like I said earlier, $TGT is high on my watchlist right now

So far we have a strong bounce from the 0.618 Fib at $133 to the 200 Day MA and we have a rejection at this level today which is a good sign

We may get the subwave 2 pull back now, so I have added in the white fib levels to show where support can come

As always, we want to see a hold between the 0.5 Fib and 0.618 Fib, so between $140 - $138 next

And a pull back in 3 waves.

Once we see support at these le...

$ZS

It has been awhile since I last uploaded this

$ZS has also found support on its 0.618 Fib at $151 and is showing a double bottom here right now

Price is testing the 200 Day MA from below as they lead into earnings on the 3rd of Sept

Impulse structure remains but it certainly went with the market sell off and the $CRWD issues

Back above the 200 Day MA and holding and the risk decreases.

The green 1.618 Fib at $242 is the next target once the 200 Day MA is held. 2024-08-19 14:56:35 +0000 UTC View Post

SILVER - SAFE HAVEN -

What I really like about commodities is how strictly they follow technical analysis

They do not have to issue quarterly or yearly earnings report and don't have to issue any guidance

They are simply an asset class with a store of value

People's interpretation of its value more importantly.....like $BTC.

And when people and not earnings are the defining factor, we can measure its movement a lot easier

This is why we added Silver at $24, why we continued to add on ...

$YINN

Remember $YINN follows the HSI but it is a 3 x Leveraged bullish position.

In terms of moving within its 50 and 200 Day MA's this will likely mimic the HSI too so some small differences

We can see that the HSI held exactly on its 0.618 Fib, whereas $YINN lost it slightly but held above the 0.78 Fib

And now $YINN is above its 50 Day MA now, while the HSI held at this level today

$YINN is on the US exchange so this will likely account for the difference

But the big...

$ETH

Crypto spent the whole weekend consolidating again and it still appears to need another catalyst to move this forward again.

$ETH has pulled back a lot more than the $BTC, as it has already tested and held on its 0.618 Fib, $BTC on the other hand has only hit its 0.618 Fib, so again, I prefer $ETH's R v R here as it has pulled back a lot more, to the standard ABC correction level.....meaning $BTC is still at risk of pulling back further, while $ETH may have completed its correction now....

$RKLB

$RKLB got the move we were expecting when we uploaded this on Friday, price has shot through the bull case line and on a fast track route to the 1.618 fib at $8

If there is a retest of the blue line at $6.14 and holding, I suggest you consider adding to you position.

Commentary from our last uplaod:

'Getting some attention here lately, after finding support on its 200 Day MA and of course its 0.618 Fib and has now bounced to a higher high.

$ASTS may have ...