The Long Investor

$OSCR - TOP 10 -

Price is staying above the 0.5 Fib for the second day in a row now and this is a welcome sight leading up to earnings next week.

We can see that the 50 Day MA offered resistance yesterday but the pull back since then has still be able to stay above the 0.5 Fib.

So no need to do anything with our position now leading into earnings.

For those who have no added already, for clarity, we have accumulated around the $13 level this year.

$BIDU

$BIDU has bounced up to its 50 and 200 Day MA resistance level at $89.20, price may consolidate under this level but we should expect to see a breakout to the upside here shortly and test the channel top line again at $94.

We know that this is the important resistance level that needs to be flipped to support in order to confirm the reversal, the price action has not been able to do this for some time now

I have a position and I am happy with it and will not be selling until I see...

$AAPL TOP 20

$AAPL reports after the close today, along with $AMZN.

Yesterday was the easier day for the Mega Caps with $META and $MSFT but $AAPL and $AMZN are a lot more exposed to the Trump Tariffs, so this will be a very important earnings evening for us and the market.

$AAPL tested its amber 0.5 Fib at $214 today and the 50 WMA is just moving up to the 0.618 Fib at $225 now.

We know $AAPL makes the majority of its products in China and it will take a considerable amount of time to mo...

$HIMS

Solid response today and regaining the losses from yesterday, after a successful test of the 0.5 Fib at $31.64.

Price is now above the 50 Day MA at $33.90 and is just at $35 right now.

I would like to see the price action hold above $33.90 to finish the week and this will set us up nicely for the ER on Monday after the close.

A better than expected ER and we are into Wave 5 with a target at $44.81 I believe....which would mean the jump from the 7th of April low will be exact...

$OKLO

Looking very similar here to the $HIMS chart, strong rise in Feb and went parabolic, followed by a strong pull back to its own blue support line at $18.75 and in between the 0.618 Fib and 0.78 Fib range, where the 200 Day MA has cut through the centre.

We can see that the 50 and 200 Day MA's are on either side of the price right now too.....as they merge, the price will get squeezed and as we saw this happen with $HIMS, the price jumped +45% on a positive partnership announcement.

$MOS - WATCHLIST -

$MOS continues to move higher after breaking out of its 2 year channel

Price also retest the channel from above and held above the blue support line that has been in place since 1991.

Next test will be the 0.65 Fib at $32, which was a former support level before turning into a resistance level in early 2024.

A hold above $32 and the 200 WMA is the target next at $38.

In the meantime, we want to see a new impulse wave forming here too, indicating the start of a new cycl...

$ADBE - TOP 10 -

$ADBE showing support on the 0.78 Fib at $351 and already at $377 now, with the 50 and 200 WMA at $475 right now.

Fundamentals are still very strong here, with a PE of 16 and Net Margin of +30% and looking at confirming Wave C is complete here.

In terms of Risk v Reward, $ADBE looks very good here and it is a Top 10 stock for 2025 for a reason.

We will be looking for a new impulse starting here and believe the price can return to the top blue line at $700 over the next 12 -...

$BN - RC -

A number of requests for this chart but nothing has changed since I first started charting this 2 years ago in May 2023.

It has been perfect.

The recent decline may have spoked people but we can see that the price is already back above the important bull case blue line at $50 and looks bullish in this Wave 3.

Wave 3 target remains at $82.

TWEET: OBSERVATION - NIKKEI

NIKKEI In a very similar situation to the US market right now.

Price has fallen twice to 30,265, on the 5th of August and the 7th of April.

A test of the 50 WMA looks set here next too at 38,000

The US and Japan both look set to test their 50 WMA at the same time

Both need to break above and hold above this Moving Average

As history has shown that if the price action falls to the 200 WMA, followed by a bounce to test and reject at the 50 WMA next, then a lowe...

$AMD TOP 20 - X SUB POST -

Held on the yellow support level and the 0.78 Fib throughout the April storm and now routing back to the 200 WMA at $115 I believe

Impulse Wave 3 at $313 has not changed for me.

Earnings next Tuesday, after the market closes

The downside risk will be a retest of the yellow support line again at $81.

$NIO TOP 20

May Deliveries:
'NIO said Thursday it delivered 23,900 vehicles in April, up 53% from the same month last year.

The company said the total included 19,269 NIO-branded vehicles, 4,400 from its ONVO line, and initial deliveries of its Firefly brand.

Year-to-date deliveries reached 65,994 units, a 44.5% increase from a year earlier, the company said.

Cumulative deliveries stood at 737,558 as of April 30.'

I believe the price action ...

$EL - EARNINGS JUST RELEASED -

$EL ER was not particularly exciting and reiterated their concerns that they continue to be on a difficult road.

Price managed to hold on the last Fib support level on the 0.887 Fib at $50 leading into earnings, price was also moving towards the channel breakout level, which has been in place since 2021.

PM is up +7% now and the price is at the breakout level at $64 now.

We will need to see whether or not the disappointing earnings is now factored in.

Losing the $50 le...

$AMZN TOP 20

This is the big one for us and they report after the market closes today.

The market will be watching this closely, not much concern was directed to $META as they are software company dominantly but $AMZN is directly affected by the Trade War as 71% of all products sold by Amazon in the US are from China.

So guidance will be important here.

$AMZN will likely have a lot of data on consumer spending not just in the US but around the world.

Remember $AMZN has more economi...

$META

A double beat on earnings and increased their Capex limit they shared in their previous Earnings.

Price has reacted very well and between $META and $MSFT reporting yesterday, the entire market has seen a strong green wave in the PM today.

With $META we continue to watch where the Wave B range is between $610 and $641 for a potential rejection, this is in line with what we are watching with the market in between its own 0.5 - 0.618 Fib range, where their 50 WMA is right now.

...

$MSFT TOP 20

$MSFT was the first company to start its correction and it started on the 1st of July with a top at $468 and then declined for 9 months and pulled back to the 0.5 Fib at $344, just above the 200 WMA.

Price is now already back above the 50 WMA, which is also a first for any of the Mega Caps too that we follow.

So I have added in the impulse wave here, with the Wave 3 target at the 1.618 Fib at $437.

Remember the US market did not decline from its top until the 20th of Feb '25...

$NVDA

Yesterday morning when the weak economic data came out, there was a lot of concerns, negative GDP growth for the Quarter is the first indication that the US is on the track to confirm a recession....but as the day progressed, the market recovered and finished green, after being down -2%.

It started off as Bidens Market but ended the day back as Trumps market when it went green and uplifting ER's came in, Capex maintained was the big winner from the ER's.

There is a lot of noise r...

$ADUR - WATCHLIST -

Would you look at this for art.

+13% today and +26% up since our buy alert....but that's not the artistic beauty.

Price hit the 1.618 Fib today perfectly and holding for Wave 3, Wave 4 aligns perfectly with a retest of the 200 Day MA at $5 and the Wave 5 Target aligns EXACTLY with the November hgh at $7.

This is as beautiful as it gets folks.

A pull back and hold at $5 and we buy again.

$SOFI

My commentary under the $SOFI chart two days ago:

'$SOFI does have a habit of being volatile after earnings, so a retest of the green line and the 200 Day MA could be next at $11.60, a hold here and it would be a suitable place to add to catch the momentum higher once the earnings is a beat and offers no guidance concerns.'

$SOFI is like clockwork, when you spend hours each day watching these charts, you learn how they move, the market knows that the retail investor sees...

$HIMS

Although you may not feel it but today could have been a lot worse for $HIMS and could have given back a lot more but it managed to hold on the amber support levels that we showed on yesterday evenings update.

So there are no changes here.

Subwave 4 is still in place and Subwave 5 can come next if there is a positive reaction to earnings and a relief bounce from the market tomorrow

Do not forget: $HIMS partnership with $NVO is a vast fundamental improvement, the bearish the...

$SPY TOP 20

I think the market brushed off those weak economic numbers today fairly well but it could be a signal of what is ahead and that is what we should continue to plan for when the price tests the 50 WMA which is still above at $566.

Mega Caps report this week with $MSFT and $META in 30 minutes so this will be important, they have the power to influence the market

The Street will be particularly interested on hearing guidance and the Earnings Calls I believe, so it is important not to ...

$BTC TOP 20

Price held exactly at the 0.618 Amber Fib at $96.1k.

The market has identified the significance of this level and as we know, it is an important one.

Only a test of resistance so far and $BTC is ahead of the market still.

But I am still concerned with the 3 wave bounce since $74.k, it is typical of a corrective bounce and the slight pull back does not look like a Wave 2 in my opinion, it is extremely shallow.

$VIX

$VIX is up +6% today but it is not showing much concern if I am being honest.

I am not seeing panic, right now we have a market test of resistance and people are not running from positions.

We can also see that the price is just at its 50 Day MA, losing this level at $25.60 and the next test is the 200 Day MA at $19, which will allow the market to move higher to complete Wave B in my opinion at the 50 WMA.

$QQQ TOP 20

Ok, why did the $QQQ reject where it did?

The price action hit the 50 Day MA exactly at $476 yesterday and pulled back harshly today after weak economic data was released.

The market front ran the economic data yesterday, anticipating a weak result and sold off on the news.

This is the daily chart to show the 50 Day MA and the 50 WEEKLY MA is still are the 0.618 Fib at $487, which would be the standard level we would expect to see Wave B to reject at.

But as I said in...

$SBUX

ER came out after the market closed yesterday and it was a double miss, meaning they have missed 5 times out of their last 6 ER's now.

Which will explain how the share price continues to stay in this long triangle since 2021.

Price is now below the 50 and 200 Day MA and a retest of the bottom support line will be likely next

Price needs to stay in the triangle or tough times will be ahead and a drop below $68 is possible.

$SBUX is still not a buy from me, as I have sai...

$ACHR

We are big fans of what $ACHR is doing and we have a position, we want exposure to this sector and this could be a fascinating market opening up in the next decade.

Price has broken out of the bullish wedge, broke above the 50 Day MA and enroute to the blue line at $9.73 which we have been expecting for some time now.

Impulse count has been added and the 1.618 Fib is the Wave 3 target at $10.10.

I do like how the Wave 5 target aligns with the previous high at $12 too.

$BTI - SAFE HAVEN -

Weekly Golden Cross now on one of the strongest safe havens in the market.
The price action and the chart have been incredible since we first started charting this in late 2023.

Dividend is also +6.9% and the price action still can move up to our Wave Y target at $47 and go beyond if the price can hold above this level.

$HOOD - WATCHLIST -

ER after the close later, price is above the 50 and 200 Day MA and the retest of the 0.618 Fib after a 3 wave pull back was flawless.

It is hard to see anything but bullish here right now

Earnings just needs no surprises today and the price action can return to previous highs next at $67.

The 1.618 Fib target at $127 has not changed either.

We only have a 3 wave bounce since the 0.618 Fib test and it needs 5 to confirm a new impulse wave, this is the only risk here rig...

$NVO - WATCHLIST -

I am starting to turn very bullish on $NVO.

The partnership with $HIMS could signal a large turnaround for $NVO.

Price is already testing the 0.618 Fib now at $65 in the PM too.

I think at the very least there is a return to the white fibs between $102 - $111, if there is no rejection at this level then a new ATH can be tested at $145, above this level and Primary Wave 3 is confirmed at the 1.618 Fib is the target at $271.

So right now at $65 feels like the basement le...

$PFE - TOP 10 -

$PFE reported earnings yesterday and although it wasn't clean (revenue slight miss by -1.5%) it was still better than expected and the strong pull back leading up to earnings is likely factored in now.

We added at $21 and the price is testing $24 now in the PM, so we are happy with our buy entry and the impulse wave forming.

Like I said in the last update, the 1.618 Fib aligning at the blue support line is important, I believe the price will move to this level to complete Subwave ...

$OSCR - TOP 10 -

$OSCR was getting a lot of attention from us online after $HIMS rallied yesterday and many I believe were following our lead and added to $OSCR too.

The share price had already bounced on the bottom of the wedge so it appeared to be the ideal stock to add in order to catch the upward momentum.

In yesterday's update, we spoke about the need to get back above the 0.5 Fib at $12.86, this happened with ease, although there has been no retest of this level yet.

Price action is al...