Ants Delay 9M Tuesday 6/18/2024

Overall Sector and Industry Analysis:

Date Range Analyzed:
May 19, 2024 to June 18, 2024 (EST)

The overall sector and industry performance for the period indicate a mixed market sentiment.

1. BBY (Best Buy Co.) belongs to the Consumer Electronics Retail sector. Over the past 30 days, the stock has been generally stable, with slight fluctuations in price. Over the last 10 days, BBY has seen a gradual increase in both volume and price, suggesting increased interest and potential bullish momentum.

2. ADBE (Adobe Inc.) is a key player in the Software Application industry. The stock experienced significant trading volume with relatively stable price action. The last 10 days show a slight uptick in volume, hinting at possible accumulation points, which could lead to a bullish breakout.

3. PLTR (Palantir Technologies Inc.) operates within the Data Analytics Software industry. The stock has shown strong bullish tendencies, especially in the last 10 days, with consistent increments in price and volume, indicating high investor confidence and potential for short-term gains.

Ticker Performance Prediction:

Likely to Go Up in the Next 2-3 Days:
– PLTR
– BBY

Strong Bullish Signals:
– PLTR: Consistent increase in price and volume over the last 10 days.
– BBY: Gradual price increase with rising volume, indicating a positive trend.

Individual Stock Analysis:

1. PLTR (Palantir Technologies Inc.):
   • Key Support Levels:
     1. $25.60
     2. $25.40
     3. $25.20
   • Key Resistance Levels:
     1. $26.00
     2. $26.30
     3. $26.50

   Price Action Prediction (Next 2-3 Trading Days):
   On the 30-minute chart, PLTR is forming higher highs and higher lows, consistent with a bullish trend.

   • Price Targets:
     1. First near key resistance at $26.00
     2. If broken, next target at $26.30, extending to $26.50 within the 3-day window.
   • Entry Points:
     Enter near $25.60 support level for an optimal risk-reward ratio.
   • Stop-Loss Levels:
     Place stops near $25.40 to minimize downside risk.

   Chart:
   

2. BBY (Best Buy Co.):

   • Key Support Levels:
     1. $92.50
     2. $91.80
     3. $91.00
   • Key Resistance Levels:
     1. $94.00
     2. $94.70
     3. $95.50

   Price Action Prediction (Next 2-3 Trading Days):
   BBY is showing signs of a bullish flag pattern, indicating potential breakout.

   • Price Targets:
     1. First near key resistance at $94.00
     2. Targets can extend to $94.70 and then to $95.50 if momentum persists.
   • Entry Points:
     Optimal entry near $92.50 support level.
   • Stop-Loss Levels:
     Place stops near $91.80 to manage risk effectively.

   Chart:
   

Conclusion:

The recent analysis indicates PLTR and BBY are strong candidates for upward price movement in the next 2-3 days with well-defined support and resistance levels. PLTR, in particular, shows robust bullish signals supported by solid volume and price action trends. BBY also looks poised for further gains, supported by increasing volume and positive price trends.

Remember to always manage risk with appropriate stop-loss orders and size positions based on your risk tolerance.