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Continuation Breakout Friday 11AM 9/27/2024

September 27, 2024 2 min read

Overall Sector and Industry Analysis

Datetime Range Analyzed: 2024-09-26 16:00:00 EST to 2024-09-27 11:00:00 EST

Based on the provided data, several sectors have shown notable activities in terms of price and volume. Specifically, the data includes stocks from various industries such as beauty and personal care (ULTA), retail (LULU), technology (WB, BILI), shipping (ZIM), and housing (NVR, SKY, TOL), among others.

Noticeable trends include:

  1. Retail Sector:
    • LULU: Demonstrates significant bullish momentum with large volumes and upward price movements indicating strong demand.
    • ULTA: Shows steady upward movement, but with moderate volume. Still, it holds potential as the trend moves towards bullish signals.
  2. Technology Sector:
    • WB and BILI: Both indicated strong price movements with substantial volumes, especially BILI, which showed considerable intra-day gains.
  3. Shipping Sector:
    • ZIM: Has strong bullish price action coupled with high trading volume that could suggest continued momentum.
  4. Housing Sector:
    • NVR and TOL: Both stocks show solid movements upwards with significant daily gains. NVR in particular with extremely high prices and good volume. TOL also indicates a strong bullish sign.

Ticker Performance Predictions

Tickers likely to go up in the next 2-3 days:
LULU
BILI
ZIM
NVR
TOL

Stocks showing strong bullish signals:
LULU
BILI
ZIM

Individual Stock Analysis

LULU (Lululemon Athletica Inc.)

  • Support Levels: 271.50, 272.01, 280.00
  • Resistance Levels: 280.10, 283.42, 282.94

Price Action Prediction (30-minute Chart):
Entry Point: $280.00 near support
Exit Points/Price targets: $282.57, $283.42
Stop-Loss: $271.50

Shortcode: finviz dynamic chart for  LULU

BILI (Bilibili Inc.)

  • Support Levels: 21.42, 22.03, 22.00
  • Resistance Levels: 22.33, 22.96, 22.55

Price Action Prediction (30-minute Chart):
Entry Point: $22.00 near support
Exit Points/Price targets: $22.33, $22.96
Stop-Loss: $21.42

Shortcode: finviz dynamic chart for  BILI

ZIM (ZIM Integrated Shipping Services Ltd.)

  • Support Levels: 23.60, 24.55, 24.60
  • Resistance Levels: 24.99, 25.00

Price Action Prediction (30-minute Chart):
Entry Point: $24.55 near support
Exit Points/Price targets: $24.99, $25.00
Stop-Loss: $23.60

Shortcode: finviz dynamic chart for  ZIM

NVR (NVR, Inc.)

  • Support Levels: 9601.00, 9730.01, 9793.13
  • Resistance Levels: 9672.20, 9815.255, 9799.63

Price Action Prediction (30-minute Chart):
Entry Point: $9730.01 near support
Exit Points/Price targets: $9799.63, $9815.255
Stop-Loss: $9601.00

Shortcode: finviz dynamic chart for  NVR

TOL (Toll Brothers, Inc.)

  • Support Levels: 151.87, 152.25, 153.1686
  • Resistance Levels: 153.9900, 154.95, 155.00

Price Action Prediction (30-minute Chart):
Entry Point: $151.87 near support
Exit Points/Price targets: $153.9900, $154.95
Stop-Loss: $151.30

Shortcode: finviz dynamic chart for  TOL

The identified tickers are on a clear upward trend as evidence from their recent price and volume patterns, suggesting strong momentum in the upcoming days. Traders should carefully consider entry and exit points and utilize stop-loss orders to manage potential risks.

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