Continuation Breakout Wednesday 3PM 3/26/2025

by | Mar 26, 2025 | Swing Idea

Overall Sector and Industry Analysis:

The analysis conducted covers a 30-day period ending on March 26, 2025, focusing on intraday periods between 13:00 EST and market close. The recent 10-day price-volume developments highlight key movements across various sectors. The data reflects observable trends such as consolidation phases followed by breakout movements, especially within technology (ACN, LIN, CBOE) and consumer discretionary sectors (CABO, CHTR).

Noticeable patterns reveal tech stocks like ACN and LIN showing consistent volume alongside price upticks, indicating potential for increased momentum. Similarly, the healthcare and biotech segments (shown by OPGN and AFIB) display sudden volume spikes, hinting at speculative interest or upcoming announcements.

Ticker Performance Prediction:

Based on a combination of the 30-day movement, notable volume increases, and bullish candlestick formations, the following tickers present strong upward potential over the next 2-3 trading days:
1. ACN
2. LIN
3. OPGN
4. GEO

These stocks have exhibited strong bullish signals, supported by higher closes and sustained volume, triggering potential continuation patterns.

Individual Stock Analysis:

  1. ACN (Accenture PLC)
    • Support Levels: 310.00, 309.50, 309.00
    • Resistance Levels: 311.61, 312.00, 313.50
    • Price Action Prediction: Over the next 2-3 days, expect a push towards 312.00 driven by recent upticks in volume and a bullish engulfing pattern formed on March 26th. Anticipate resistance near 313.50 which may act as a short-term ceiling.
    • Entry Points: Consider entries near 310.00, which aligns with visible buying interest from previous sessions.
    • Stop-Loss: Set stops around 308.50 to avoid excessive downside amid volatility.
    • Price Chart: finviz dynamic chart for ACN
  2. LIN (Linde plc)
    • Support Levels: 460.50, 459.80, 459.00
    • Resistance Levels: 461.83, 462.50, 464.00
    • Price Action Prediction: A bullish thrust towards the 462.50 mark is likely following a strong close with high volume on March 26th. Breakout potential if volume sustains and breaks above 462.50.
    • Entry Points: Possible entries near 460.50 with a target to ride the momentum towards 464.00.
    • Stop-Loss: Consider a stop-loss near 458.50 to protect from negative turnarounds.
    • Price Chart: finviz dynamic chart for LIN
  3. OPGN (OpGen, Inc.)
    • Support Levels: 2.70, 2.65, 2.60
    • Resistance Levels: 3.00, 3.15, 3.28
    • Price Action Prediction: Watch for a breakout above 3.00, significant due to prior tests at this level accompanied by increased volume. Next target could be around 3.28 if volume surges higher.
    • Entry Points: Optimal entry near 2.70 for swing trade potential, as witnessed by renewed buying engagement.
    • Stop-Loss: Set around 2.60 to manage downside risk in case of reversals.
    • Price Chart: finviz dynamic chart for OPGN
  4. GEO (Geo Group, Inc.)
    • Support Levels: 29.00, 28.80, 28.50
    • Resistance Levels: 29.88, 30.00, 30.50
    • Price Action Prediction: Momentum towards 29.88 likely due to recent upward movement and robust demand reflected at 29.50 support. A breakout past 30.00 could trigger a test of higher resistance zones.
    • Entry Points: Consider entries near 29.00 with resilience seen during intraday dips.
    • Stop-Loss: Set stop-loss at 28.70 to prevent excessive downside amid volatility.
    • Price Chart: finviz dynamic chart for GEO

These recommendations consider significant price movements, potential breakouts, and chart patterns over the past 30-day framework for a short-term trading perspective. Investors should note volatility and adjust positions accordingly in case of rapid shifts in market conditions.