The Long Investor

$OSCR

A lot is aligning towards the 7th of May:

- Tightening wedge
- Weekly RSI moving to the Oversold 30 level
- Earnings Date

I am not expecting much to happen until the report is out, price action in a long consolidation like this simply tells us that the market needs more information to move the direction and the ER can do this.

At this stage, we need the company to hit estimates and reaffirm their route to profitability this year.

$HIMS

Just a quick update because I think we are all comfortable with where we are here.

We got another test of the channel top line yesterday $28.75 and still comfortably holding above the 200 Day MA and the blue support line, which has held now for 21 days consecutively.

When we speak about holding for support, it can take days and often weeks to confirm, which is why we never call any intraday tests of support as a hold of support, it takes time.

So what we want to see next i...

$JASMY - WATCHLIST -

Up +7% now and continues to move very bullishly after breaking out of the channel this month.

I have highlighted this chart a number of times now and we have made a higher high here today so I have added the impulse wave but we still need to break above the 200 Day MA at $0.023 to confirm Wave 3.

A lot of us are in here since October and are still holding our position, so a move up through this impulse wave would be a warmly welcomed from this group.

$ETH

I like the consolidation under the 50 Day MA and I believe a platform has formed on the 1hr chart, which is typical of a price action ready to break out above an important resistance level.

The breakout level is at $1819 now and I believe once the price breaks above this level and holds then I believe this could move very nicely higher, to the 50 WMA and/or the 200 Day MA at $2750 as shown.

I am bullish on $ETH and people may view my approach to $ETH as overly bullish but as a pur...

$ZS

$ZS continues to consolidate above the 0.618 Fib at $151 for over 12 months now but the price is also above the 50 and 200 Weekly MA and has comfortably held above this confluence level at $191 over the last 2 months in spite of a lot of volatility.

I believe if the market can continue its relief bounce then this can move higher to to the blue line next at $259.

$ZS has not been following the market over the last 3 years, so we are not surprised to see it hold relatively well.

$TLT - SAFE HAVEN -

$TLT has been holding well over the last few weeks above the yellow support line in the wedge and the small white fib support levels between $85 - $86.
We also have higher highs and higher lows now too and the start of an impulse wave is evident but we still need 5 waves to confirm this.

The 50 and 200 Day MA's are next to recapture and if this can be done, it will also bring the price action above the blue support/resistance line at $91 too.

Above this level and I believe the ...

$BIDU

We have been happy with the bounce so far on the blue support line and the price action is right back at the 50 and 200 Day MA which are at the same level now at $90, so we know this is an important confluence level for the bulls to recapture and hold for support.

Holding above this level and we are back to where we were at the start of March, so I am happy to see a recovery here so far.

Holding above $90 and I would expect a bounce to test the channel breakout level at $95 next.<...

$GOOG TOP 20

$GOOG reported after the close yesterday and it was a comfortable beat with no large concerns addressed, EPS beat by +40% and the PM loves it now up +4.5%.

We can see that the price action is up to the amber 0.38 Fib now too at $168 on this news and routing to the 50 WMA at the 0.5 Fib at $175 which we have been expecting.

I said this week that $GOOG was the best looking Mega Cap right now but at this stage entering does not make a lot of sense unless the 50 WMA is converted to s...

$PYPL - TOP 20 - WATCHLIST -

I am bullish here, we have a higher high and we have a higher low onto the 0.78 Fib at $59.

$PYPL have announced today that they have partnered with $COIN to make it easy for both parties to benefit from more crypto exchanges and I believe this really benefits $PYPL and their expansion into new areas and finally embracing moving with the times.

I have added the impulse wave count but the 1.618 Fib at $72.92 was already on the previous chart.

My position is clear here, I beli...

$ACHR - WATCHLIST -

I like what I see here.

An ABC pull back and hold to the 200 Day MA which sat between the 0.618 and the 0.786, followed by a wedge break out and then followed by a 50 Day MA breakout today, with higher highs and higher lows.

Price is already back to the Mid Fed price level now too.

I have said all week that I believe this can go higher to the blue line next at $9.73.

Converting this level to support and a higher high above $12.30 can be next

$ETH

Still held down under the 50 Day MA now after a strong move up from $1566.

Higher high and higher low is observed now, so the trend does favour the bulls here.

Another retest of the white line at $1566 may be needed next but once the 50 Day MA is broken, there is very little in the way of resistance up to the 200 WMA at $2445.

I have added this week at $1600, so it goes without saying that I like it here.

$NIO TOP 20

My goodness, $NIO is doing something positive.

Price is back above the important red line at $3.61 and testing the 50 Day MA now at $4.18.

A retest of the red line from above will likely be needed before going any higher, especially if there is going to be a test of the 200 Day MA at $4.60

Converting the red line to support will be a significant trend change and a W for the bulls, which has not come for some time.

$CMG - EARNINGS YESTERDAY -

Mixed earnings yesterday, it was a beat on EPS but a miss on Revenue.

Price is relatively flat today which is probably not a bad sign.

The ABC correction has so far only pulled back to the 0.38 Fib at $44 and now testing the 50 Day MA from below, which it has done since December and each time has made a lower low.

The 0.38 Fib is quite shallow for an ABC pull back, so we would expect more downside here.

Zero changes to the chart either way

But pay attention to wh...

$TER - WATCHLIST -

I have been watching $TER for some time now and initially came across it due to its strong fundamentals.

After analysing it's chart, I found that it held support perfectly on the 0.618 Fib at $66 which originated from the 2009 GFC low.

Perfect Impulse wave higher, followed by an ABC correction holding at the perfect support level

While both fundamentals and technically attractive right now I will add this to my watch list.

If the price can continue to hold above $66 th...

$SPY - CONTRARIAN VIEW -

Just sharing this again for those who believe this structure is the current structure for the market.

My view on this is that you are assuming that the the bottom of Wave 1 started at the Covid Crash low in 2020 and NOT the 2009 GFC low.

There are arguments for both sides.

My opinion is that the market is likely moving in accordance to our regular chart that I upload for $SPY and that is mainly down to the high levels of uncertainty due to the Tariff War.

The longer th...

$HIMS

Stay the course folks.

Another day of holding above the 200 Day MA, the 50 WMA and the blue support line.

Price tested the top of the channel too yesterday at $29 so buyers are lurking to step back in again.

It is also getting tight now between the blue line and the channel breakout level so a direction must be taken soon

This can happen before earnings on the 7th of May too.

For me, a clean breakout above the channel and the 0.618 Fib at $29.62 and holding is w...

$DOW +9.6% Dividend

$DOW has the largest Dividend payment of any company in the S&P 500 right now

And the price has dropped from $56 down to $27 over the last 9 months, price has managed to hold support on the last Fib support level so far too.

Fundamentals are still strong and EPS is expected to grow by +46% next year.

I think this is worth keeping an eye on, if the price can continue to hold $27 then we could see a move higher to the 200 WMA again over the next 12 months or so at $53. 2025-04-24 12:07:46 +0000 UTC View Post

$PDD

I am not seeing anything out of the ordinary here for $PDD.

Price has been consolidating in a slow ABC correction since May '24 and it has still not dropped as low as its 0.618 Fib yet at $77, which would be the standard pull back level....and this is inspite of a lot of market uncertainty lately.

Fundamentals are very strong for $PDD which likely explains the relative strength.

Downside risk is still $77 but if the Chinese positions continue to move higher then $PDD can do ...

$PEP - JUST REPORTED EARNINGS -

$PEP have just reported and they have guided down for the FY and cite tariffs as a constraint on their supply chain.

Price has been holding on the 0.618 Fib this month leading up to earnings and needed a good report to signal a reversal.

With this weak guide, it is difficult to see how they can reverse from here in the short term....especially while tariffs remain in place.

The downside risk below the 0.618 Fib is always the 0.78 Fib which is at $121 right now.

Divid...

NESN - TOP 10 -

One of our Top 10 charts performing very well this YTD, bouncing from 72 to 92 while the market has been under pressure.

We are getting the pull back now and we want to see a 3 wave pull back and hold between the 0.5 Fib and 0.618 Fib range between 80 - 82.

Holding here and we expect Wave 3 next and a move back up to the top blue line at 129.

Dividend here is also +3.5%

$BMY - REPORTING SHORTLY -

$BMY reports before the market opens and the price is just sitting on the 0.618 Fib on earnings day at $48

Meaning the set up is there to move higher ONCE there is no issues with the report.

The 1.618 Fib is at $86 if this 0.618 Fib hold completes Wave 2 and Wave 3 is next.

Any concerns with the report and the price is moving down to lower fib support levels.

+5% Dividend here too.

Clean report is all that is needed now.

$OHI - RC -

$OHI is a very slow moving stock that has been in an ascending triangle since 2014.

Price has been testing a resistance level at $37 YTD and continues to hold above the 50 and 200 WMA.

If the price can stay above $38 then there is a move up to the top line at $45 next....finally breaking above this level and the First Target is at $64 which may take some time to achieve.

+7% Dividend here helps with how slow moving this is.

$PFE - TOP 10 - WATCHLIST -

$PFE made a higher high yesterday and is green again in the PM today while the market is red.

We added $PFE at $21 during this pull back and I have been clear here that I believe $PFE is undervalued and its dividend of +8% should not be ignored.

I believe you are still early here too.

The trend for me is showing a return to the blue support line which was in place for the length of 2024.

Buying here at $22, with a run to $25 and flipping this level to support would be ...

$BTC TOP 20

This could be a pivotal moment in Bitcoins history coming up.

Price has bounced above the 50 and 200 Day MA and stayed above the 50 WMA and the 200 WMA.

This is showing relative strength compared to the US market, something $BTC has had a difficult time doing over the last few years.

If $BTC can finally break away from its correlation, then $BTC can finally be seen as a safe haven and a store value against the uncertainties of the market....which is why we are seeing Gold ru...

SILVER - TOP 10 - SAFE HAVEN -

SILVER is up nearly +20% since its flush down on the 7th of April, which was a shock to us all on the day but it has recovered very well and a lot of dip buyers stepped in.

Price is now back above the 50 and 200 Day MA and has been testing the First Target again close to $34.

We still only have 1 bounce since the 7th of April, so a pull back for a higher low would be welcomed, the small green 0.5 fib aligns with the 200 Day MA at $31 and this would be the ideal place for a pull ba...

$SPY TOP 20

Market bounced strong at the opening after Trump changed his view towards China and Powell last night and just about every position went green today.

A press conference was held throughout the day and Trump spoke again, this time back tracking again slightly and more messages were released to the market from Bessent that suggested that it may take 2-3 years for a deal to be finalised, meaning to take effect fully I believe.

Tariffs will still remain in place and it feels like we ...

$OSCR TOP 10

$OSCR has tested the bottom of the bullish wedge now twice since the 7th of April Market sell off and held both times.

Price is still staying below the 0.5 Fib at $12.86, so this means the price can still work its way down the wedge while this is happening.

Price action and formation continues to align with the ER date on the 7th of May, staying in this formation until then and/or above the 0.618 Fib at $10.29 is no concern for me

The 200 WMA is at $10.72 too

$PYPL TOP 20 - WATCHLIST -

$PYPL is on the cusp of making a higher high now, a break above $64.15 and there is very little in the way of the price action moving up to the 50 Day MA at $68 next.

I would also expect the price to move up to the 1.618 Fib at $72.92, which would mean we hit Subwave 3 since hitting the low at $56 last week.

$AMD TOP 20 - LONG TERM PROJECTION -

We have got to like the risk v reward now for $AMD under the 200 WMA and holding support on the yellow support line.

Wave 5 from here is a +550% gain over 5 years.

$ONON - WATCHLIST -

Some will not like $NKE and choose $ONON instead and I don't see any issue with this.

If you did not add on the 0.618 Fib at $39 or lower at $35, then I believe waiting until the 50 and 200 Day MA is recaptured at $50 to add makes the most amount of sense here.

A hold above this level and $55 is next for me.

If the bulls can recapture this level then, we could be looking at a very strong 12 months ahead and run up to $96 to complete the technical set up.