Ants Breakout Monday 9/30/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed: August 31, 2024, to September 30, 2024 (Eastern Standard Time).

Commentary on Sector and Industry Performance:

The overall market has displayed varied behavior across different sectors. There has been noticeable activity in technology, consumer discretionary, and industrial stocks.

1. Technology Sector:
   • AMD: Notable fluctuations in price indicate possible reactive trading based on market sentiment.
   • ACN: Stability with minor volatility suggests consolidation.
   • APLD: High trading volume and price fluctuation with a slight bearish tendency recently.
2. Consumer Discretionary Sector:
   • WYNN: Some volatility but relatively stable in recent days.
   • BABA, BIDU, PDD, TCOM: Chinese stocks have shown mixed signals; slight downward pressure possibly due to geopolitical factors or economic data out of China.
   • EL (Estee Lauder): Displayed a bearish momentum with a mix of slight recoveries.
3. Industrial Sector:
   • CAT & CMI: Indicators showing slight bearish trends with lower highs.
   • ORLY & AZO: Stable but with a slight negative bias.

Notable Trends and Patterns:

• The technology sector displayed high volatility, particularly in semiconductors and AI-driven stocks.
• Consumer discretionary shares from China like BABA, BIDU, and TCOM showed mixed performance, possibly driven by market uncertainty.
• The industrial sector stocks have shown some downtrends, pointing towards possible slowing growth or market correction.

Ticker Performance Prediction:

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

1. AMD
2. WYNN
3. APLD
4. EL

Showing Strong Bullish Signals:

APLD: The stock showed solid bullish signals towards the end of the trading session with high volume.

Individual Stock Analysis:

Advanced Micro Devices, Inc. (AMD)

• Support Levels:
  1. $162.00
  2. $160.50
  3. $158.00
• Resistance Levels:
  1. $164.70
  2. $165.50
  3. $167.00
• Price Action Prediction (Next 2-3 Days):
  AMD may test the resistance at $164.70. If it breaks past this, it could move towards $165.50 and $167.00. Considering the fluctuations, an entry around $162.00 would be strategic with a stop-loss at $160.00.

• Swing Targets (1-3 Days):

  1. $164.70
  2. $165.50
  3. $167.00
• Entry Points:
  $162.00 – Conservative entry
  $163.50 – Aggressive entry

• Stop-Loss:
  Near $160.00 to minimize downside risk.

Chart Embed:

Applied Digital Corporation (APLD)

• Support Levels:
  1. $8.20
  2. $8.00
  3. $7.80
• Resistance Levels:
  1. $8.45
  2. $8.60
  3. $8.75
• Price Action Prediction (Next 2-3 Days):
  APLD shows signs of breaking upwards from $8.30. It may move upward towards $8.45 and possibly $8.60. An ideal entry near $8.20 with stop-loss set at $8.00.

• Swing Targets (1-3 Days):

  1. $8.45
  2. $8.60
  3. $8.75
• Entry Points:
  $8.20 – Conservative entry
  $8.30 – Aggressive entry

• Stop-Loss:
  Near $8.00 to minimize downside risk.

Chart Embed:

WYNN Resorts (WYNN)

• Support Levels:
  1. $96.00
  2. $95.50
  3. $94.80
• Resistance Levels:
  1. $97.20
  2. $98.00
  3. $99.00
• Price Action Prediction (Next 2-3 Days):
  WYNN has been bouncing between $96 and $97. If it holds above $96.50, it could rally towards $97.20. Consolidation near support presents a good entry opportunity around $96.00, with stop-loss at $95.50.

• Swing Targets (1-3 Days):

  1. $97.20
  2. $98.00
  3. $99.00
• Entry Points:
  $96.00 – Conservative entry
  $96.50 – Aggressive entry

• Stop-Loss:
  Near $95.50 to minimize downside risk.

Chart Embed:

Estee Lauder Companies Inc. (EL)

• Support Levels:
  1. $99.00
  2. $98.50
  3. $97.80
• Resistance Levels:
  1. $100.70
  2. $101.50
  3. $102.30
• Price Action Prediction (Next 2-3 Days):
  EL could bounce back from the $99.00 support level. Potential for upward movement to $100.70 is evident with improving volume, entry near $99.00 is favorable with stop-loss at $97.80.

• Swing Targets (1-3 Days):

  1. $100.70
  2. $101.50
  3. $102.30
• Entry Points:
  $99.00 – Conservative entry
  $99.50 – Aggressive entry

• Stop-Loss:
  Near $97.80 to minimize downside risk.

Chart Embed:

Note: Always conduct your own due diligence before making trading decisions. Market conditions and unexpected events can significantly impact the predictions.