The Long Investor

$SG - WATCHLIST -

Has bounced nearly +20% since its test on the 0.618 Fib which is impressive considering most positions were selling off over the last week that were not safe havens.

That being said, it has a 3 wave pull back now, tested and held on the 0.618 Fib....so it went through its pull back before the market did and this started in November.

Flipping the 0.5 Fib to support at $25.50 next is what the bulls want to see, then a run up to the 200 Day MA can be next at $33.

Above the 200...

$ETH

I know some people are concerned with $ETH below the $2100 level on the 0.618 Fib but we must always remember to revert back to the chart and know that $ETH and $BTC move like Mega Caps, so if the 0.618 Fib level is lost then we look for the next support level

So the next fib support level is at $1564, especially now since the 2020 trend line is struggling to hold too.

We also have a relevant support level on the $1432 green line which was the top of the cycle in 2018

$SPY TOP 20

Is still in search of support and this can continue until CPI is out this week.

The first big test of this potential correction is coming up shortly with a test of 0.236 Fib at $550, this is a correction pull back level, this does not confirm the correction but it is worth noting how the price action behaves on this level, if it treats it as a support level then the price action is moving in a corrective manner....so if the response from the CPI data is not positve then a drop down to t...

$XYZ

$XYZ is incredibly back in the BUY ZONE again, this was at $98 in December and has lost nearly -50% of its value and the impulse wave has completely broken down.

I believe $XYZ is range bound now for the rest of the year at the very least

That being said, if support can hold above the bottom line at $38 and can consolidate sideways, we could be looking at another $PYPL situation before it broke out.

Right now if you are considering a position, I suggest waiting for support,...

$VSCO

This is quite a sight for $VSCO, a fall from $48 to $17 now in the PM, RSI is at 8!! and the price has lost the last Fib support level, so a test of the blue ATL line is possible next at $13.74.

Holding above this level will also mean a hold above the downward channel top line.

At the very least I believe a relief bounce is due here and if the price can range between the blue lines for the next 12-18 months then I think there is an opportunity here next

But support needs to ...

$HOOD

I am really impressed with $HOODs ABC pull back and with respect to the Fib levels.

Price managed to dip below the 0.5 Fib yesterday with a -19% flush which was also good to see and is coming close to a test of the 200 Day MA at $35.

I would be looking for a hold between the 0.618 - 0.5 Fib now between $29 - $36 now for this correction to complete.

In the space of a few weeks, you already have $HOOD at a -50% discount by not chasing.

$ASML TOP 10

$ASML is still holding onto its rising wedge support line right now but this is mainly due to the fact that it has already had a strong pull back and already below its 200 WMA now, so the market may feel that this is already undervalued.

That being said, $NVDA is the sector leader and has lost its own support level, so let's look at the possibility for $ASML if it follows $NVDA.

I have added the amber fib support levels to show where it's own ABC correction can complete, with the ...

$ONON

$ONON is moving nicely here and down to the next Fib support level at the 0.5 Fib at $43.80 for a test of support.

I still think we can get this to drop down lower to the 0.618 Fib at $39 and we will be presented with a great buying opportunity once support is here there.

For now, watch for support on both the 0.5 and 0.618 Fibs

Long term I believe $ONON is a fantastic company to own.

$BIDU - WATCHLIST -

$BIDU and $PYPL are two rare companies that I would still consider a buy right now in spite of the current climate.

$BIDU particularly looks well and I believe it is both undervalued both fundamentally and technically.

Price held the 0.618 Fib support level, above the 50 and 200 Day MA and has the strength of the HSI behind it.

I would expect a test of the yellow channel line to come in shortly.

Impulse wave looks good.

$VIX

I have been watching the $VIX and although it has popped lately, it is still below the crucial level of 30, meaning anything above this level is elevated and there is heightened concerns in the market.

The last 2 weeks have certainly now felt great for many but the underlying tones is not hysteria yet

 We can see in the 2007 that 30 was tested a number of times before it broke out and the economy collapsed, we will monitor this behaviour again around 30 but right now, I ...

$ACHR

$ACHR for me is in a strict ABC pull back now and I really like the confluence level here between the 200 Day MA and the 0.618 Fib at $5.80

All Wave 2 pull backs we give a target of the 0.618 Fib to hold for support so this is standard and when it is reinforced with the 200 Day MA, a combination of both makes this a confluence level.

Once this level is tested, we must see support, losing a confluence level like this will certainly show weakness

Holding and I will add to my p...

$NIO TOP 20

$NIO Earnings date has now been released for Friday the 21st and it has a positive bounce in the PM now on this news.

Price is up to test the 200 Day MA again at $4.74

We have already had a test of this level at the end of Feb but could not hold above on the retest, this is what we need to see next

Slow and steady I am ok with here but flipping this MA to support is needed to get out of this consolidating range.

$5.32 will be the next target to test for support then. 2025-03-11 11:32:43 +0000 UTC View Post

$OSCR TOP 10

I am not seeing any news right now that would cause $OSCR to be -4.5% in the PM so I am not treating it with a lot of respect at this stage, this could be on small volume and this could be market makers looking to raid tight stop losses before a breakout here which we know is common.

There is no breakout and holding just yet either so we need to wait and the 200 Day MA is still at $17 which is the bullish signal for the market once this is captured.

Another retest of the green fib...

$HIMS

Some green in the PM now as the market takes a breath before we get JOLTS, PPI and CPI. $HIMS managed to test the $36 level yesterday which is the green 0.618 Fib but with the heavy selling pressure in the market, it was unlikely going to do anything more than this.

I can see a tight descending wedge formed now which is what we want to see leading into support for Wave C on the larger red 0.618 Fib at $29

We will monitor this closely for a breakout of the wedge before reaching $29...

$NIO TOP 20

As bizarre as it sounds, but $NIO only needs to convert its 50 WMA to support now at $4.80 and a reversal is on here.

Price action testing the 3 year breakout channel today after consolidating for 8 months along the $4 - $4.50 level.

200 WMA is exactly at our Wave 5 target at the $14.83 level too....this would be something.

$NVDA

$NVDA is really struggling here and there is no way to sugar coat this

Losing the 50 WMA and the rising wedge support line looks terrible here and unless something drastically changes quickly, then 0.38 Fib at $95 is next to complete Wave A for me.

$NVDA will join $AMZN for me as the top 2 stocks I will love buying when they have both completed their correction.

$OSCR - TOP 10 -

$OSCR's relative strength continues to be impressive and has been ready to breakout all day when the market has given some relief, again today is unlikely going to be the day that a stock will break out and be very bullish....as there is blood everywhere but I am happy to settle for Safe Haven strength today.

The 200 Day MA is at $17 right now and this is the level that needs to be flipped to support next once the wedge breakout is confirmed

For me, $OSCR holding its strength unti...

$SOFI

The pull back has not infringed upon the top of Wave 1 we had on the previous chart so $SOFI can not still be in an impulse wave now, it can only be in a corrective wave right now.

So I have added in the white support levels for this ABC correction.

We can see that the 50 and 200 Day MA's are both just slightly above the 0.618 Fib at $9.20, so this is the level I will be watching for support and for Wave C to be complete

A hold here and a bounce can come next.

$TSLA TOP 20

$TSLA is down a desperate -13% today and the RSI on the weekly chart is at 35, having been at 85 only in December.

The price action is running through to support levels as tho they are not even there and in desperate need of support to be found now.

It is difficult to pinpoint what exactly is the cause of this harsh decline, because the price is now well below its 200 WMA and has gone from being one of the best performing stocks in 2025 to one of the worst.

Elon's negative p...

$OKLO

$OKLO's pull back has infringed now below the top blue line, so it is under a lot of pressure to find support and not drop below the blue support line at $18.

I have added in the white fib levels to see where support is but bulls will want the blue line at $28 and $18 to do their job and hold or get recaptured.

A hold on either level and this can again move to the upside

The 200 Day MA has also moved up to the blue support line at $18, making this a confluence level which do...

$NVDA

The company and chart that I believe is driving the negative sentiment in the market right now because of how weighted and influential it is.

This chart has not changed since the last time I uploaded it but it is important to see how it is moving for awareness.

Price is right now in the pull back range for Wave C that we need to see hold, or the price falls into the 'troubled' range on the chart under $100.

Losing the August low at $90 and the 200 WMA is real possibility nex...

$UNH

$UNH has struggled since the assassination of its CEO, coupled with the introduction of RFK JR into the Trump admin.

And the chart is giving mixed signals too

Bullish reasons:

• Price is below its 200 WMA now, under $500 and for a strong Mega Cap, this is attractive

• Wave 4 is still valid and holding

• Back into the blue range consolidation range that has been in place since 2021

• Healthcare typically does fine during a market c...

  2025-03-10 11:31:27 +0000 UTC View Post

$SOXL - RC -

A 3 X Bullish leveraged position, which appears popular amongst many it is not for everyone

Chart has not changed here for some time and we can see Wave C is still searching for support and battling hard on the 0.78 Fib at $20.

Losing this level and the last Fib support is at $13.46 on the 0.887 Fib

Under this level and the previous low comes into play at $6.25....which I believe would make this attractive again .

$TMDX

It has been awhile since I last uploaded this because it has been a good start for 2025 but we can see that the 0.618 Fib at $74 was a difficult level to convert to support and for this reason the price has dropped down...in spite of the double beat on earnings at the end of Feb.

We can see here on the weekly chart that the price is back to the 200 WMA again in the PM at $65.

A level that has held since November.

Holding here and bulls should be looking for a reversal next 2025-03-10 11:21:03 +0000 UTC View Post

$HOOD

We are seeing a lot of potential weak Wave B's right now, we can see that $HOOD did bounce on the Amber 0.38 Fib in Feb up to the 0.5 Fib at $55 and has pulled back sharply....the Wave B was also very quick but 3 waves can be seen.

The good news here is that Wave C is likely on its way to completion soon.

With the 0.5 Fib the first target to test for support at $36.

The impulse wave was very controlled, so wait for support to be found before considering a position

I do...

$LI - WATCHLIST -

$LI also has its earnings on Friday before the US market opens and the bullish set up is certainly here, so all they need now is a clean report with no concerns.

We have a pull back now in this Wave 3, which I believe is Subwave 2 of Wave 3, so a hold now between $27 - $26 leading into earnings and this could move up Subwave 3 of Wave 3 next, which is typically the most aggressive move.

Wave 3 target has not changed at $43.30 either.

Chart does look very attractive here once...

$RLX

Reports its earnings on Friday before the US market opens.

The Wave 5 target at $2.77 at the 2.618 Fib and the First Target is still a possibility here with a positive earnings and if the price action can continue to hold above the 1.618 Fib at $2.32 which has been a solid support line since the start of Feb.

A miss on earnings and I have added in the white fib levels for the possible ABC correction next at its current top at $2.70

We can see that the 0.618 Fib in white alig...

$PLTR TOP 20

$PLTR is managing to hold so far above the 0.38 Fib at $79 but the price action is under pressure and still being held down by the blue resistance level at $84, which was the pre earnings resistance line and now the 50 MA on the 1hr chart.

If the price action continues to meet resistance here then the $79 level is unlikely to hold, which is what we saw on the $HIMS chart too when $36 was lost.

Holders who continue to hold here must be open to the possibility that a drop down to th...

$ETH

Again very little for me to update here, price is still at the $2100 level now

I saw comments starting to come in the moment $2000 was breached for an update but we should know by now that this makes very little difference, crypto charts move as stocks, they are no different, in fact they respect support levels and fibonacci levels more considering they are pure technical plays.

Price can battle around a support or resistance level until a direction is found

Right now the ...

The LIT Sunday News.

U.S. Stocks Struggle as ‘America First’ Bets Backfire, Europe Surges

Key Developments Impacting U.S. and European Markets

• U.S. stock markets have underperformed as Trump's tariff policies raise fears of economic slowdown, while European markets rally on stimul...

  2025-03-09 20:01:41 +0000 UTC View Post