Continuation Breakout Friday 12PM 11/01/2024

Overall Sector and Industry Analysis:
Analyzing the data from October 2, 2024, to November 1, 2024, in EST, several trends and patterns emerge in the short-term performance of various sectors and industries. Notably, technology and finance stocks generally showed strong volume with significant price movements, reflecting investor sentiment and possibly end-of-month positioning.

1. Technology Sector: Observing stocks like HUBS, NOW, and CRM, there was a noticeable increase in volume accompanied by upward price momentum in the past ten days. This movement suggests a consolidation phase breaking into a bullish trend.

2. Healthcare/Biotech: Stocks like MDGL and LEU, while volatile, have shown impressive bullish movements with higher volume, indicating potential upcoming momentum from recent consolidation patterns or market sentiments.

3. Consumer Discretionary: Stocks such as BKNG and RBLX demonstrated strong upward momentum. BKNG, in particular, stood out with substantial high-volume gains, indicating a robust short-term bullish pattern.

4. Energy Sector: Notable especially in SEDG, which experienced lower volume and downward pressure, suggesting possible investor hesitancy or reallocation of assets within the energy domain.

5. Basic Materials: LEU showed interesting price spikes and volume activity, pointing towards potential speculation or reactionary movements within this sector.

Ticker Performance Prediction:

Based on the recent 10-day performance and current price-volume behavior:

• HUBS, NOW, and MDGL are likely to continue gaining over the next few days given their recent bullish volume increases and breakouts from consolidation zones.
• BKNG is also expected to rally short-term with its continued volume support indicating strong investor backing.

Individual Stock Analysis:

HUBS

• Key Support Levels: 565, 570, 571
• Key Resistance Levels: 580, 585, 590
• Price Action Prediction: With continued bullish momentum and volume, expect HUBS to approach resistance at 580-590 over the next few days.

– Entry Point: Near 570
– Stop-Loss Recommendation: Below 565
– Swing Targets: First target at 580, and a more extended target near 590
– Finviz Chart:

NOW

• Key Support Levels: 945, 949, 951
• Key Resistance Levels: 960, 965, 970
• Price Action Prediction: Aiming for a continued uprising towards 965, as it broke through psychological barrier at 950.

– Entry Point: Near 949
– Stop-Loss Recommendation: Below 945
– Swing Targets: First target at 960, extended target near 970
– Finviz Chart:

MDGL

• Key Support Levels: 310, 315, 320
• Key Resistance Levels: 330, 335, 340
• Price Action Prediction: Strong uptrend supported by volume suggests it could test resistance at 335 in a few days.

– Entry Point: Near 315
– Stop-Loss Recommendation: Below 310
– Swing Targets: First target at 330, and extended target near 340
– Finviz Chart:

BKNG

• Key Support Levels: 4720, 4750, 4785
• Key Resistance Levels: 4800, 4850, 4900
• Price Action Prediction: Continued momentum suggests a potential test and breakthrough at 4850 in coming days.

– Entry Point: Near 4770
– Stop-Loss Recommendation: Below 4720
– Swing Targets: First target at 4800, with an extended target near 4900
– Finviz Chart:

Overall, these stocks demonstrate promising short-term momentum in line with sector trends, but always consider broader market conditions and potential macroeconomic influences that can impact these predictions. Adjust entries and risk management tactics accordingly.