The Long Investor

$HIMS

I think everyone is happy with the plan here

Are there any questions?

We are waiting for a pull back for an ABC count, with the intention to add again around the 0.5 Fib at $44 when we see a hold.

We can not rule out a climb up to the 2.618 Fib first at $68 before this happens....

$SOFI

I have been considering adding to my position here because I feel I have not got enough $SOFI shares but I want a good entry to compliment my average.

We are deep in Wave 3 so this is not the time to add so I will wait for the Wave 4 pull back to add.

We can see that the bullish price...

SILVER - TOP 10 - SAFE HAVEN -

Silver has been holding very well and we got a second test of the 0.38 Fib at $31.66 and bounced now.

This abc pull back could be complete now and we have a break above a resistance line that has been in place since March.

What I would like to see next is a break above the First Targe...

$TGT - ER OUT TODAY -

$TGT also reports this morning and we have covered this already but it is worth discussing again.

Price is down to its Full Cycle low under the blue support line and in between the 0.618 Fib and 0.78 Fib, this cycle did start after the GFC in 2009.

So there is nothing odd about this s...

$BIDU

ER is out at 8AM EST and the price is up +2.3% in the PM now.....we must believe that the worst is factored in for $BIDU.....and all we need to see from here is a hold above $94, which is a breakout of this channel that has been in place since May 2023.....which would signal a strong reversal sig...

$ADBE - TOP 10 - WATCHLIST -

$ADBE has moved from -20% YTD to -6% YTD and broke out of its bullish descending wedge which has been in place since the start of 2024.

The wedge apex also held support on the 0.78 Fib at $351 before breaking out, which is an undervalued level for Wave C to complete at.

Two big tests ...

$ASML - TOP 10 -

Now up +8% YTD and moving very well.

Price dipped below the 200 WMA during the market sell off but the downside risk was minimum as it had already completed its ABC correction since May '24, this also happened with $AMD too.

Now the price is already back above the 200 WMA and moving i...

$BMY - WATCHLIST -

$BMY has my attention again after pulling back since testing the 200 WMA at $61 and pulled back to the 0.78 Fib at $44.

If the price action can hold at this higher low, then this pull back is complete and this would be Wave 2 complete.

With this being considered, the 1.618 Fib is ther...

$OKLO

It is difficult to fault this chart right now

Pull back since hitting the high at $59 has been in three waves and has held above the 200 Day MA comfortably in between the 0.618 - 0.78 Fib range.

Price held and has bounce since $18 to $37 now and above all MA's.

Ideally a small 3...

$PEP - WATCHLIST -

$PEP missed on Earnings and dropped the following week but we can see that it has so far found support on the 2021 low, which is in between the 0.618 Fib and 0.78 Fib, so the pull back has been strong and in the area where we would expect it to complete soon.

Downside risk is still the 0.78...

$BIDU

$BIDU reports before the market opens tomorrow and for the last 12 months, the price has been consolidating along the 0.78 Fib which is part of its Full Cycle, which began after the GFC in 2009.....reaching a high of $355 in 2021 and pulling back like $NKE, $EL, $TGT, $INTC, $PFE, $INTC and many ...

$HIMS

$HIMS is still holding up very well, we have a second test of the gap fill level again and a lower high so far but we need a rejection at this level and a lower low next to confirm that we are in Wave A and can start moving down to $45 to complete Wave C.

I would rather get the ABC pull bac...

$PFE - TOP 10 -

Nice little wake up by $PFE today and up +2.5% and bouncing further away from the Wave 2 level.

We can see that the price action is moving to the 50 Day MA at $23.75, a break and hold above this level can confirm the trend and a higher high next above the Wave 1 high at $24.50 will be anoth...

$TEM - WATCHLIST -

$TEM had been moving in an impulse wave very well since breaking back above the $44 level in late April

We can see that Wave 5 ran as high as the 3.618 Fib, so this did go extended but has started its pull back already which is always what we want to see.

The Amber Fib levels reflect ...

$NIO TOP 20

$NIO is holding below the 50 Day MA after failing to make a higher high and holding above the 50 Day MA this month, this suggests that we are still in the ABC pull back and a lower low looks set to come in next at $3.71 or lower.

A controlled 3 wave pull back in this manner is not a bad sig...

$NVO - WATCHLIST -

Textbook is not a good enough word for this.

Beautiful is more appropriate.

$NVO I believe is slightly ahead of $UNH but it is guiding the way and we are looking at calling Wave 2 complete here next.

A very clear breakout of the bullish descending wedge, after holding support on...

$SG

I will continue to watch $SG in the background as the price drops through the Fib support levels and moving into a very oversold position.

RSI on the weekly chart is now below 30 and price is testing the 0.78 fib at $14

We know that when a pull back drops below the 0.618 Fib then ther...

$NU

$NU has been handling the market and some catalysts very well lately.

The miss on Earnings and Buffett revealing that he has exited his $NU position has still not changed the structure of this chart.

We know it was quite bullish going into ER, with a clear breakout and holding above a...

$ADUR

$ADUR went as high as $7.34 yesterday, bursting through the $7 level we had set for Subwave 5 which is always set at the 2.618 Fib

I had Subwave 3 set at the 1.618 Fib as I always do at $5.80, price pulled back for a 3 wave pull back at this level before going higher

But with this hig...

$ETH - WATCHLIST -

We are potentially in Subwave B of this Wave 2 pull back after yesterdays bounce on the 2.618 Fib

Ideally we want this to reject one more time, either at the 200 Day MA again or the 3.618 Fib in between $2600 - $2700, this will allow Subwave C then to complete and we have another buy entry ...

$OSCR - TOP 10 -

I am happy that the price managed to hold on the bullish flag top line and above the 1.618 Fib yesterday on what could have been a difficult day for the market after Moody's downgrade.

Retail investors piled into their favourite stocks and helped pop up the market

Something that is a ...

$UNH

Price is up around +3% in the PM with a run up to the 0.5 Fib at $323 and the 50 MA on the 1hr chart at $324....a very obvious target for this first wave, making this a +29% jump since the perfect test on the 0.618 Fib at $250.

This first wave does not need to stop at $323, it can go higher...

$COIN

The set up is there to continue going higher and my PT of $369 in the short term is still active.

$COIN getting added to the S&P 500 is a very positive catalyst and they believe it is a strong addition to the Top 500 companies in the US too.

Price did hold the 200 WMA and the 0.61...

$RKLB - RC -

OK $RKLB has pulled back from $33 to $14 this year and found support on the confluence level between the 0.618 Fib and the 200 Day MA perfectly and has bounced since.

The 0.618 Fib is a standard pull back level and it is very common at the moment too for support and the beginning of a rever...

$NVO - VALUATION ANALYSIS -

$BIDU - VALUATION ANALYSIS -

$NKE - VALUATION ANALYSIS - TOP 10 & TOP 20

$SOFI - VALUATION ANALYSIS -

$HIMS - VALUATION ANALYSIS -

$ASTS

A -9% flush down on no news is typically something that I see happening when there is a stop loss raid

Soros also revealed last week that he has added more $ASTS to his fund too.

On the weekly chart we can see that the 50 WMA is at $23.50, a retest of this level may be needed before ...