The Long Investor

$RLX - WATCHLIST -

I had to check twice on the fundamentals here, because I could not believe my eyes.

Profit margin of: +47%
PE of: 14

EPS Q/Q: 323%

Price action is getting very tight in its wedge after a lot of failed attempts to breakout.

A break above $2.20 and holding, and this can run very aggressively higher and back up to the blue line at $4.84.

Pull back in the middle of 2023 held on the 0.78 Fib too which is a healthy sign.

$RIVN

Whenever I hear people upset about $NIO and $TSLA getting beat down, I always remember things could be a lot worse in this sector, you could be holding $RIVN, which was at $178 at its high and now at $10, or $LCID, $PSNY, $FFIE and $XPEV.

The sector has not reversed yet but it started its astronomical rise in 2020, led by $TSLA, if this is $TSLA's time to run again, it may drag the laggards up with it.

For $RIVN, getting back above the bottom blue line at $11.67 is a good start. <...

$NVAX - RC -

The state of this chart.

Pumped to the gills here up to $24, as parabolic as you'll see and it got GME'd (verb: to be pumped and dumped)

Down and $14 now and pull back in Wave A right now I believe, this could come straight back down to where it started too.

Do not touch.

$TLT - SAFE HAVEN -

The entire market is red in the PM now, not just Chinese ADRs, not just the stocks you hold, every sector....apart from $NVDA of course.

And $TLT is green, along with crypto.

Early signs that there is some rotation out of the market.

$TLT we know has traditionally been the top safe haven when the market shows weakness but over the last 2 years, it has not been reliable, however it is now at a price where people may start adding because of its risk v reward at this price.

$BABA TOP 20

Confluence has now been lost, bulls did not step in and the patience waiting for the HSI to reverse was too much for some.

Not for me.

$BABA is now back into the consolidated range now again between $71 and $77, with the buyzone below $71, I will consider adding again.

$BABA was not on my radar to add again in the short term but I will keep to my strategy of adding in the buy zone if the price does drop this far, it is not a certain but there is weakness shown now while unde...

HSI

Finished the week testing the 50 Day MA again for the second time above the 0.5 Fib.

A second test and hold of a support is usually enough for us to confirm support confirmation but I will wait until I see a bounce to confirm this.

I had added in the 0.618 Fib below for reference if the 0.5 Fib is now held and we can see that this is also above the 200 Day MA too.

Wave 4 pull backs are not expected to be as deep as Wave 2's, so although the impulse wave would still be valid ...

$KWEB

There is no world where I can look at this chart and not see a bullish set up.

• Above the wedge break out level

• Wave 2 held the 0.618 Fib

• Above the 50 and 200 Day MA

• Testing the 50 Day MA from above

• Significantly down from its ATH.

• Consolidated for 2 years

You don't need to do anything bare buy and hold.

$AMZN TOP 20

$AMZN testing its 50 Day MA from above now and forming a bullish flag just below the ATH level at $188.

A successful hold here on the 50 Day MA and $AMZN should have the legs to test the wedge to the upside and break above and possibly flip the $188 level finally to support, it has not been able to do this since its first attempt in April.

$AMSC

Has now gone parabolic and is on a fast route back to its ATH line at $31.83

We first started monitoring this at $9 as a 'Chart of the Week' back in August, it was a high risk play but we should have stuck with our gut and bought in, even a small position but well done to those who did buy.

$ABNB TOP 20

$ABNB had my attention yesterday but I did not pull the trigger, instead I decided to add to my $ETH position.

$ABNB has been holding above the 200 Day MA above $145 but it is back down for another test of the 200 Day MA, this is still bullish but I need to see a continuation to the upside first before entering.

The 50 Day MA is moving down fast to meet the price action and the 200 Day MA, so we know that a direction will be taken when this happens, a positive reaction and then we...

$PYPL TOP 20

$PYPL got a set back this week and the timing wasn't great.

The price action bounced last week after the CEO said their projections for Q2 where ahead and the share price jumped to the top of the ascending triangle, however when $AAPL released that they were dropping $PYPL on their payment system, the share price reacted negatively.

Price is now back down to the bottom of the triangle wedge line again but still above the 0.618 Fib and the 200 Day MA......so the consolidation side...

$TLT - SAFE HAVEN -

When the US 10 YR moves down, $TLT (Bonds) move higher, I have a lesson on this in the Collections folder.

Very nice movement here from $TLT, held support between the 0.618 - 0.78 Fibs and bounced, reclaimed the 0.618 Fib with a retest and bounced again, now above the 50 and 200 Day MA and above a critical support level, on our blue line.

This chart has not changed in over a year either, Wave C target remains at $110.

$TMF will follow this projection exactly too.

US 10 YR

US 10 YR is struggling underneath the 200 Day MA which is a good sign for finance sector, we need to see a clear rejection underneath this moving average to give the green light to the stocks we watch closely in this sector.

$PYPL, $SOFI, $AFRM and $SQ will likely benefit from this move as there will be an easier movement of capital.

$YINN - WATCHLIST -

$YINN is looking ready too

Also at a very strong confluence level and looks ready to move if the HSI gives the green light

Sitting on the 0.618 Fib, the 50 Day MA, above the 200 Day MA and in an impulse wave.

This is regarded as the sweet spot but needs to hold now and the HSI needs to follow through on its positive day today.

This is also a 3 X leveraged Bullish Chinese ETF, many members have made impressive gains here for Wave 3

Theres an opportunity now for W...

$SQQQ

$SQQQ is showing no threat of reversing here still and continues to be in a drifting down to the next Fib level.

Remarkable to see that this was at $67 in late 2022.

$7.24 is the 0.618 Fib, so let's see how support behaves here.

If you are eager to start a position here (as a hedge), please keep the amounts very small and be prepared for the drift down to continue until the Fed Rate Cut and the elections are over.

I do not have a position here and will not start one un...

$TSM

This chart has been simply stunning.

If you have been following this since last summer, you will see that $TSM has done exactly what we have asked of it and many believed it would not move like $AMD did but it was lagging, $AMD ran from $100 to $220 and finally $TSM caught up.

I believe $TSM will complete its Wave 5 above $186 and I believe $AMD will lead the second tier semi companies again.

$SOXL

The 3 X Bullish leveraged Semi ETF is on fire and has now made higher highs and is set to continue its run up to our Wave 5 target at the previous high of $74.

Holders here need to do very little apart from sitting on their hands.

If you have not entered, please be careful of your entry and whats left on the table here, do not be greedy thinking this will go to the heavens, if you feel like entering, please be strict and disciplined.

$SMCI

$SMCI continues to be well behaved here and following our ABC projection, in spite of the overwhelming positive attention that $NVDA and $TSM have been getting.

Wave C could be complete at the 0.5 Fib at $629 so a quick flush down to this level could present a solid opportunity.

Fundamentals are still strong here with a healthy growth trajectory.

So let's keep an eye on the 200 Day MA and the 0.5 Fib at $629 for a potential hold and completion of its ABC correction.

$AMC

Nobody has requested an $AMC or $GME chart but with such a large group now, I suspect there are some holders, so I am adding this chart out of respect, my disclaimer will remain: never touch these atrocious companies.

This is the same chart I uploaded of $AMC a few weeks ago with no changes too.

Price hit the Third Target and now has been resting underneath the First Target

The 200 and 50 Day MA are starting to merge on each other, so a direction will be taken again.....a dr...

$CURE - WATCHLIST -

$CURE has been testing the wedge breakout level this week and looks set to continue this test today.

A break and hold on the outside of this wedge at $120 is considered bullish for me.

Remember this is a 3 X leveraged position in the Healthcare sector so it has its Pro's and Cons, Pros especially if you catch the positive trend but I urge you to wait for confirmation first.

I am a fan of this ETF and Chart.

$MELI

$MELI has been following our ABC correction very well and is following the same trajectory as $CELH and not $AAPL.

Big test coming up will be how it handles the retest of the 200 Day MA at $1513, which is just below the 0.236 Fib.

We were watching this on the $CELH chart and we can see that the price could not hold this level, so now we are waiting for support to come in on one of the Fib levels, this is what we should be watching for $MELI too.

I think $MELI is going to be...

$ZS - WATCHLIST -

I am seeing a number of members mentioning that they have added here and they have been paying close attention to this chart.

Support was held on the 0.618 Fib for a perfect Wave 2 pull back so far and in this Cup and Handle formation.

If you are looking for an entry, the big test now is flipping the 200 Day MA to support at $190, this is vital now, a flip of this level to support and you have your buy signal, as clear as day.

My Wave 3 target is at $434, so there is enormou...

HSI

HSI tested the 0.5 Fib and 50 Day MA and found support and bounced, good start but now we need to see a continuation of this over the next few sessions, a further bounce tomorrow would set up nicely going into next week.

$BABA has opened weak in the PM, likely due to the close out of the EX-dividend date yesterday but again, the HSI will likely drive $BABA's direction, so a lot rests on the HSI reversing.

My plan for $BABA and $BIDU will be to slowly add under their 200 Day MA's a...

$HIMS

Massive day yesterday for $HIMS and showing more positive movement in the PM now too so we must conclude that pull back on the 21st of May was Wave 4, which was extremely short and fast but hit the perfect Fib levels for it to be valid.....likely brought on by either large buyers or the masses realising how big this can be, we can see that after earnings $HIMS became very popular on X and many likely bought too.

This Wave 5 is reaching now for the ATH line at $25.41 which is close to th...

$TSLA TOP 20

Elon got the remuneration package he deserves and the share price has reacted very positively.

I think he deserves this as many $TSLA share holders buy because they are buying him too, a visionary who can alter a share price very easily with just one tweet.

We can see yesterday that there was a quick flush down to the 0.5 Fib at $168 and bounced almost immediately, where savvy buyers made the most of this drop.

Price is up +7% in the PM now at $188 and looks set to move hig...

$SOFI - WATCHLIST -

It's on Watch.

Finally broke out of this wedge that it has been in since December '23, consolidating just as long as $PYPL.

Still needs to confirm that the breakout is a support level and so far this is not confirmed.

Price needs to stay above $7.10 next.

Next test would be the 200 Day MA at $7.80 and then the infamous blue line above at $8.24....there is still work to do but good start so far.

$BABA TOP 20

$BABA is at the confluence level now, where the 200 Day, 50 Day, red line and 0.618 Fib are.

Bulls need to hold this line and I suspect $BABA is waiting for the HSI to confirm support and bounce too.

All we need to do is sit back and observe.

We will not be selling regardless of the outcome

I have no issues sitting on undervalued positions and waiting to start moving higher.

$PAYO - WATCHLIST -

$PAYO is starting its pull back now that we have been waiting for

We can see that the strong confluence levels are circled in white here, where we have the 200 Day MA, the 50 Day MA, the 0.5 Fib and the wedge breakout level

We can not get a more common area than this.

So lets see how the price action manages in this area, if we get a confirmed support, then you have your buy signal.

Chart does look strong to move higher to the target above if support is found.

$PFE

$PFE has now given us a pull back after rejecting at the 200 Day MA a number of times now.

Price has already pulled back to the 0.5 Fib too, where the 50 Day MA was waiting and found support, we need to see more price action to determine whether this pull back is now complete and we can add in an impulse wave next.

I will not be adding any impulse wave for $PFE until we are certain the reversal is on, $PFE has been the master of fake break outs over the last 2 years so I am in no ...

$COPX - SAFE HAVEN -

$COPX is getting its pull back now after running from $31 to $52 which is an enormous run in such a short period of time.

I have added in the white fib levels to show where support can come.

As the market pushes higher, safe havens are going back on sale.

We have already been given a hint that when the market shows weakness, safe havens will climb aggressively, so you either take advantage before the masses or follow the masses when the weakness comes back.

Silver rema...