Back to Insights

Continuation Breakout Friday 10AM 8/29/2025

August 29, 2025 3 min read

Overall Sector and Industry Analysis:

Datetime Range Analyzed: August 1, 2025, to August 29, 2025 (EST).

Over the past month, the overall market trends have shown sector-specific momentum, particularly noticeable in certain industries. Here’s a breakdown:

  • Healthcare Sector: Tickers such as HUM have been relatively steady, indicating a possible defensive play in the market. HUM is showing consolidation with a slight upward tilt, suggesting the sector may be preparing for a breakout.

  • Technology Sector: Tickers like ACN provide an interesting narrative. Despite a lack of strong upward trends, the consolidation phase offers potential for a breakout if general market conditions improve.

  • Gold and Precious Metals: Multiple tickers such as NUGT, GDXU, and RGLD show strong momentum, possibly due to macroeconomic uncertainties driving investors toward traditional safe-haven assets. These stocks exhibit continuation patterns with increasing volumes, indicating bullish sentiment.

  • Transportation and Logistics: Tickers like YMM have been relatively inactive volume-wise, yet the price action suggests potential undervaluation play.

  • Financials and Banking: MA has shown some volatility with positive bias, and with its role within financial infrastructure, there’s a trend towards recovery and growth.

Ticker Performance Prediction:

Bullish Potential in Next 2-3 Days:

  • NUGT: Strong upward momentum with increasing volumes; continued breakout likely.
  • GDXU: Similar to NUGT, exhibiting breakout patterns and positive volume influx.
  • RGLD: Consistently hitting higher highs, suggesting bullish outlook.
  • HUM: Holding its ground with little volatility, might break upwards with a sector move.
  • METC: Showing an elevated trajectory with consistent volume spikes.

Individual Stock Analysis:

1. NUGT

  • Support Levels: 104, 103, 102
  • Resistance Levels: 106, 107, 108.5
  • Prediction: Expect continued upward movement, targeting 107 within the next two days.
  • Price Targets: 106.5, 107 (based on ATR movements).
  • Entry Point: Near 103.5 (consider near 104 as safe zone)
  • Stop-Loss: Below 102.5
  • Chart: finviz dynamic chart for  NUGT

2. GDXU

  • Support Levels: 113.5, 112, 110
  • Resistance Levels: 116, 117, 118
  • Prediction: Continuation of current strong upward trend, aiming to hit 117.
  • Price Targets: 116.5, 117
  • Entry Point: Near 112.5
  • Stop-Loss: Below 111
  • Chart: finviz dynamic chart for  GDXU

3. RGLD

  • Support Levels: 178, 177, 176
  • Resistance Levels: 180, 181, 182
  • Prediction: Favorable outlook to breach up towards 181.
  • Price Targets: 180, 181
  • Entry Point: Around 177.5
  • Stop-Loss: Under 176
  • Chart: finviz dynamic chart for  RGLD

4. HUM

  • Support Levels: 300, 299, 298
  • Resistance Levels: 302, 303.5, 305
  • Prediction: Possible mild breakout, expecting movement towards 302.5.
  • Price Targets: 302, 303
  • Entry Point: Near 299.5
  • Stop-Loss: Below 298
  • Chart: finviz dynamic chart for  HUM

5. METC

  • Support Levels: 25.5, 25.3, 24.9
  • Resistance Levels: 26.3, 26.6, 27
  • Prediction: Anticipate upward progress towards 26.5.
  • Price Targets: 26.3, 26.5
  • Entry Point: Close to 25.5
  • Stop-Loss: Below 24.9
  • Chart: finviz dynamic chart for  METC

This comprehensive analysis suggests that momentum and volume trends are indicative of upward movements in select securities across various sectors, with precious metals showing the most promise in the short-term trading context. Always ensure to adjust entries and exits based on real-time market data.

Share: