Continuation Breakout Thursday 4PM 4/03/2025

by | Apr 3, 2025 | Swing Idea

Overall Sector and Industry Analysis:

Date Range Analyzed:
2025-03-04 to 2025-04-03 (30 days specification) and particularly focused on 2025-03-24 to 2025-04-03 (recent 10-day price and volume activity) in Eastern Standard Time (EST).

Commentary:
In the past 30 days, the market has presented a mixed environment across various sectors, pointing towards a consolidatory phase post an early year rally in some sectors while some rotational plays are evident. The technology and consumer sectors have seen active participation, while defensive plays like healthcare remain resilient with moderate volume upticks.

  • Technology: Stocks such as MELI and NFLX have shown significant volume increase and positive trading activity, suggesting a sustaining bullish momentum.
  • Consumer Discretionary: LULU and WING have demonstrated strong upward momentum, driven possibly by strong sales data.
  • Healthcare: Stocks like HCA and CI experience steady movements; however, ELV indicated possible accumulation given its volume increase.
  • Finance: Stocks such as MA showed volatility with increasing volume indicating investor interest.

Noticeable Patterns within Sectors:
– Significant volume surges are observed in OPGN and CELH, indicating either rotational plays or speculative entries.
– Defensive plays like MOH and PGR might be seeing possible profit-taking phases.

Ticker Performance Prediction:

Stocks likely to go up in the next 2-3 days include:
– MELI: Strong upward movement with increasing volume; positive trend continuation expected.
– WING: Recent breakout with consolidating support, indicating bullishness.
– LULU: Upward trend with consecutive higher highs.
– NFLX: Increasing volume confirming the current strength in upward trend continuation.
– HCA: Built upward base potentially aiming for new highs.

Stocks showing strong bullish signals:
– MELI, WING, NFLX

Individual Stock Analysis:

MercadoLibre, Inc. (MELI)

  • Support Levels: 1945, 1920, 1900
  • Resistance Levels: 1970, 2000, 2040
  • 30-Minute Chart Prediction: Likely to test 1980 with a possible bounce from 1940 support.
  • Price Targets (1-3 day swing): Target 1 – 1980, Target 2 – 2000
  • Entry Points: Near 1945
  • Stop-Loss Levels: Below 1920
  • Finviz Chart: finviz dynamic chart for MELI

Wingstop Inc. (WING)

  • Support Levels: 240, 238, 234
  • Resistance Levels: 246, 250, 255
  • 30-Minute Chart Prediction: Potential breakout above 246, continuation upwards.
  • Price Targets (1-3 day swing): Target 1 – 248, Target 2 – 250
  • Entry Points: Around 240
  • Stop-Loss Levels: Below 238
  • Finviz Chart: finviz dynamic chart for WING

Lululemon Athletica Inc. (LULU)

  • Support Levels: 254, 250, 246
  • Resistance Levels: 260, 265, 270
  • 30-Minute Chart Prediction: Consolidation with probability toward breakout past 260.
  • Price Targets (1-3 day swing): Target 1 – 262, Target 2 – 265
  • Entry Points: Near 254
  • Stop-Loss Levels: Below 250
  • Finviz Chart: finviz dynamic chart for LULU

Netflix, Inc. (NFLX)

  • Support Levels: 910, 900, 880
  • Resistance Levels: 938, 950, 970
  • 30-Minute Chart Prediction: Continues upper trend testing 938; break may propel to 950
  • Price Targets (1-3 day swing): Target 1 – 940, Target 2 – 950
  • Entry Points: Around 920
  • Stop-Loss Levels: Below 910
  • Finviz Chart: finviz dynamic chart for NFLX

HCA Healthcare, Inc. (HCA)

  • Support Levels: 348, 345, 340
  • Resistance Levels: 353, 358, 365
  • 30-Minute Chart Prediction: Steady rise towards 353, resistance break could see 358.
  • Price Targets (1-3 day swing): Target 1 – 355, Target 2 – 358
  • Entry Points: Near 348
  • Stop-Loss Levels: Below 345
  • Finviz Chart: finviz dynamic chart for HCA

This analysis provides a comprehensive outlook indicating the potential bullish opportunities rooted in the current trading climate.