Continuation Breakout Friday 1PM 1/10/2025

by | Jan 10, 2025 | Swing Idea | 0 comments

Overall Sector and Industry Analysis:

Datetime Range: Analysis is conducted on data ranging from December 11, 2024, to January 10, 2025, in Eastern Standard Time (EST).

The analyzed dataset includes stocks spanning various sectors: Technology (MELI), Healthcare (HUM), Industrials (FTAI), Education (COE), Financials (JL), Consumer Goods (GDHG, DOGZ), and IT Services (CDW).

  • Technology (MELI): The last 10 days indicate increasing volatility with fluctuating volumes suggesting active trading interest. There’s a consistent upward momentum, with attempts to challenge resistance levels.

  • Healthcare (HUM): This sector has shown moderate strength, marked by sustained buying interest as evidenced by increasing volumes and a steady uptrend within the recent days, indicating recovery and interest possibly due to positive industry sentiment or news.

  • Industrials (FTAI): There is a noticeable consolidation pattern with volume spikes at key resistance levels, indicating potential breakout scenarios.

  • Education (COE): It’s experiencing low volatility and liquidity, which suggests less investor interest; abrupt increases in volume indicate potential catalysts or upcoming changes.

  • Consumer Goods (GDHG, DOGZ): GDHG remains steady but lacks strong directional bias. DOGZ has demonstrated a slight upward bias with increased trading volumes.

  • IT Services (CDW): CDW has shown strong price movements within the 10-day span but maintains a consistent support level, indicating potential for further upward price action.

Ticker Performance Prediction:

Based on recent trends and volume analysis, the following tickers exhibit potential bullish momentum for the next 2-3 days:

  • MELI: Strong bullish signals are flagged due to significant upswings and volume spikes, suggesting momentum continuation.
  • HUM: Consistent buying volumes suggest further upward movement.
  • FTAI: This stock is poised for a potential breakout provided it can overcome near resistance with volume.
  • CDW: Exhibits reliable trend continuation characteristics aligning with recent uptrend patterns.

Individual Stock Analysis:

MELI

  • Support Levels: 1745, 1730, 1720
  • Resistance Levels: 1769, 1780, 1795
  • Price Action Predictions: Likely to challenge the 1769 resistance, with potential to reach 1780 if momentum holds.
    • Entry Point: Near 1745 support.
    • Targets: Break above 1769 aiming 1780 and 1795.
    • Stop-Loss: Around 1730.
    • Finviz Chart: finviz dynamic chart for MELI

HUM

  • Support Levels: 269, 271, 272.5
  • Resistance Levels: 275, 276.5, 278
  • Price Action Predictions: Moderate bullish continuation toward 275 resistance; a breach could extend to 276.5.
    • Entry Point: Near 271 support.
    • Targets: 275, with a second potential target at 276.
    • Stop-Loss: Around 269.
    • Finviz Chart: finviz dynamic chart for HUM

FTAI

  • Support Levels: 177, 178, 179
  • Resistance Levels: 180, 182, 183
  • Price Action Predictions: Expect potential breakout past 180. If successful, could aim for 182.
    • Entry Point: Near 178 support.
    • Targets: Initial target at 180, further to 182.
    • Stop-Loss: 176.5.
    • Finviz Chart: finviz dynamic chart for FTAI

CDW

  • Support Levels: 181.5, 182, 183
  • Resistance Levels: 183.5, 184, 185.5
  • Price Action Predictions: Expect recovery above 183; may reach 184 resistance if volume supports.
    • Entry Point: 182 ideal for initiation.
    • Targets: 183.5 as initial, with a stretch target of 185.
    • Stop-Loss: Near 181.5.
    • Finviz Chart: finviz dynamic chart for CDW

These predictions are contingent on maintaining current trading patterns and market conditions. Enter trades after confirming patterns and using appropriate risk management strategies.

Leave a Reply