Continuation Breakout Monday 11AM 7/08/2024

Overall Sector and Industry Analysis

Datetime Range Analyzed: 2024-07-05 to 2024-07-08 (EST)

Based on the past 30 days of price and volume data, the stocks analyzed are predominantly representing a variety of sectors, including biotechnology, financial services, technology, and industrial goods. Key observations:

1. Biotechnology (ORIC, RZLT, TVTX):
   • Robust trading activity and significant price fluctuations characterize the biotech sector. The last 10 days show an increase in both volume and price, indicating a positive momentum.
   • ORIC and RZLT have shown strong bullish patterns with significant price increases.
2. Financial Services (GS, FRFHF, FFWM):
   • These stocks experienced stable growth with increasing volumes, suggesting a steady interest and accumulation by investors. GS and FRFHF showed solid performance, with upward trends in price and volume.
3. Technology (ROOT, CRDO):
   • ROOT and CRDO have shown exceptional bullish trends, with considerable volume spikes in the last 10 days. This indicates strong market interest and momentum.
4. Industrial Goods (BA, ROK):
   • BA experienced notable increases in volume and price, suggesting renewed market confidence. ROK demonstrated stable trading patterns with slight upward price movements.
5. Basic Materials (EXK):
   • EXK has shown moderate price increases with significant volume, indicative of a developing upward trend.

Ticker Performance Prediction

Likely to Go Up in the Next 2-3 Days:
– ROOT
– ORIC
– RZLT
– GS
– CRDO
– BA

Individual Stock Analysis

ROOT (Technology Sector)

• Support Levels:
  • $60.70
  • $58.61
  • $56.80
• Resistance Levels:
  • $61.77
  • $63.50
  • $65.00

Price Action Predictions:
– Expect price movement towards the $63.50 resistance level.
– Possible entry near $60.70 support level.
– Stop-loss recommendation around $58.60.

Price Targets:
– 1st Target: $63.50
– 2nd Target: $65.00

ORIC (Biotechnology Sector)

• Support Levels:
  • $8.13
  • $8.00
  • $7.72
• Resistance Levels:
  • $8.17
  • $8.40
  • $8.60

Price Action Predictions:
– Likely to retest $8.17 and aim for $8.40 and $8.60.
– Possible entry near $8.13 support.
– Stop-loss near $8.00.

Price Targets:
– 1st Target: $8.40
– 2nd Target: $8.60

RZLT (Biotechnology Sector)

• Support Levels:
  • $4.20
  • $4.11
  • $4.07
• Resistance Levels:
  • $4.32
  • $4.40
  • $4.50

Price Action Predictions:
– Expect movement towards $4.32-$4.40.
– Entry around $4.20 support level.
– Stop-loss near $4.11.

Price Targets:
– 1st Target: $4.32
– 2nd Target: $4.40

GS (Financial Services Sector)

• Support Levels:
  • $472.20
  • $471.30
  • $466.17
• Resistance Levels:
  • $474.86
  • $476.00
  • $480.00

Price Action Predictions:
– Possible move to breach $474.86.
– Entry around $472.20 support.
– Stop-loss around $471.30.

Price Targets:
– 1st Target: $474.86
– 2nd Target: $476.00

CRDO (Technology Sector)

• Support Levels:
  • $31.92
  • $31.45
  • $30.00
• Resistance Levels:
  • $32.37
  • $33.00
  • $34.00

Price Action Predictions:
– Expected upward push to $32.37 and beyond.
– Entry near $31.92.
– Stop-loss at $31.45.

Price Targets:
– 1st Target: $33.00
– 2nd Target: $34.00

BA (Industrial Goods Sector)

• Support Levels:
  • $190.11
  • $189.18
  • $186.66
• Resistance Levels:
  • $191.50
  • $193.00
  • $195.00

Price Action Predictions:
– Likely continuation towards $191.50.
– Entry around $190.11.
– Stop-loss near $189.18.

Price Targets:
– 1st Target: $192.00
– 2nd Target: $193.00

Summary: The recent price and volume analysis indicate several stocks demonstrating strong momentum with bullish signals, providing ideal candidates for short-term swing trades focusing on upward price movements.