Continuation Breakout Friday 11AM 6/28/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed (EST):
2024-05-31 to 2024-06-28

Sector and Industry Performance:
In the last 30 days, we have observed distinct trends across various sectors and industries based on price and volume data.

1. Technology Sector (CDNS, ASML, SWKS, TECL):
   • Performance: The technology sector has shown overall strength with notable upward trends.
   • Volume and Price Action: Cadence Design Systems (CDNS), ASML Holding NV (ASML), and Skyworks Solutions (SWKS) have demonstrated strong price action with increasing volumes, indicating investor confidence.
   • Highlighted Tickers:
     • CDNS has shown consistent price gain.
     • ASML is breaking new highs with significant momentum.
     • SWKS and TECL have had sustained upward price movements coupled with robust trading volumes.
2. Consumer Discretionary (BKNG, RCL, MAR):
   • Performance: This sector witnessed a mixed performance with instances of sharp upward movements.
   • Volume and Price Action: Booking Holdings Inc. (BKNG) and Royal Caribbean Cruises Ltd. (RCL) exhibited bullish behavior with strong closing prices. Marriott International (MAR) is showing increased buying pressure.
   • Highlighted Tickers:
     • BKNG has consistently closed higher, suggesting strong investor sentiment.
     • RCL also shows higher volume with upward price movements.
3. Health Care Sector (UTHR, MIRM):
   • Performance: The healthcare sector has displayed a mix of performance with certain tickers like UTHR and Mirum Pharmaceuticals (MIRM) indicating bullish signs.
   • Volume and Price Action: United Therapeutics (UTHR) has shown steady gains, while MIRM showed volatility but overall positive momentum.
   • Highlighted Tickers:
     • UTHR exhibits strong resilience.
     • MIRM shows bullish price action despite volatility.
4. Financial Sector (BLK, MSCI):
   • Performance: This sector demonstrated substantial gains.
   • Volume and Price Action: BlackRock (BLK) and MSCI Inc. (MSCI) highlight strong price movements and volumes indicating active interest.
   • Highlighted Tickers:
     • BLK is breaking past resistance levels.
     • MSCI shows continued upward trends.

Ticker Performance Prediction:

Likely to go up in the next 2-3 days:
1. CDNS
2. ASML
3. BKNG
4. RCL
5. UTHR
6. BLK
7. SWKS
8. TECL

Strong Bullish Signals:
– ASML (ASML): Strong breakout with continuing momentum.
– CDNS (CDNS): Consistent upward price action.
– UTHR (UTHR): Steady gain with volume support.
– BLK (BLK): Breaking past resistance with increased volume.

Individual Stock Analysis:

1. ASML (ASML)

Support Levels:
– $1032.75
– $1027.40
– $1028.80

Resistance Levels:
– $1048.81
– $1041.06
– $1044.99

Price Action Prediction (30-minute chart) for 2-3 days:
– Targets: Near $1050 (breakout level), $1055 (further resistance), and $1065 (based on ATR).
– Entry Points: Near support at $1032.80.
– Stop-Loss: Near $1027 to $1028.

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2. CDNS (CDNS)

Support Levels:
– $307.00
– $307.60
– $308.46

Resistance Levels:
– $313.00
– $310.85
– $312.04

Price Action Prediction (30-minute chart) for 2-3 days:
– Targets: Near $311 (first resistance zone), $314 (above ATR range).
– Entry Points: Near support at $307-$308.
– Stop-Loss: Near $307.

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3. BKNG (BKNG)

Support Levels:
– $3994
– $4005
– $4000.69

Resistance Levels:
– $4020.68
– $4031.67
– $4028.03

Price Action Prediction (30-minute chart) for 2-3 days:
– Targets: Near $4035, $4045 (based on resistance).
– Entry Points: Near support at $4005-$4010.
– Stop-Loss: Near $3990.

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4. UTHR (UTHR)

Support Levels:
– $319.11
– $318.07
– $320.25

Resistance Levels:
– $321.45
– $321.12
– $320.93

Price Action Prediction (30-minute chart) for 2-3 days:
– Targets: Near $322 (resistance zone), $324 (beyond ATR range).
– Entry Points: Near support at $319-$320.
– Stop-Loss: Near $318.

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5. BLK (BLK)

Support Levels:
– $784.49
– $787.44
– $785.39

Resistance Levels:
– $790.50
– $792.32
– $788.48

Price Action Prediction (30-minute chart) for 2-3 days:
– Targets: Near $792, $795.
– Entry Points: Near support at $784-$786.
– Stop-Loss: Near $783.

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Please let me know if any further data or analysis is required.