Continuation Breakout Monday 12PM 9/23/2024

Overall Sector and Industry Analysis:

Date Range Analyzed:
August 24, 2024 – September 23, 2024 (EST)

During the last 30 days, there have been some noticeable trends in specific sectors and industries based on the provided data. Here’s a breakdown:

Technology:
– NFLX: Has shown significant upward momentum, especially noticeable in the recent 10 days. Continuous higher highs and higher lows indicate bullish pressure.
– SMCI: Experienced some volatility but maintained an upward trajectory over the last 10 days, suggesting strong investor interest.

Consumer Discretionary:
– LB, COST: Both have maintained steady upward momentum in recent days, indicative of strong performance within the overall sector.

Healthcare:
– REGN: Showed robust price action with significant buying interest, particularly in the last 10 days. Its steady upward movement is indicative of sector strength.

Industrials:
– NOC, APD: Both stocks have displayed consistent upward trends, significant volumes, and positive price movements, which exemplify industrial sector strength.

Gold and Mining:
– KGC, GEV, DRD, GATO, GDXU, EXK, JNUG: These have displayed mixed trends but generally upward, especially seen in the stronger performances of KGC and GDXU over the last 10 days. Bullish trends continue to be prominent, reflecting stronger demand in the precious metals markets.

Financials:
– BLK: Shows steady growth with increased trading volume, especially over the past 10 days, reflecting potential bullish sentiment.

Ticker Performance Prediction:

Likely to Rise in the Next 2-3 Days:
– NFLX: Strong momentum and upward trajectory.
– SMCI: Maintaining upward trajectory with healthy volumes.
– LB: Exhibiting significant upward thrust and volume.
– REGN: Consistent upward price action with good volume.
– KGC: Strong bullish movement in recent days.
– GDXU: High volume and strong price movement.
– COST: Consistent upward thrust and large trading volumes.
– APD: Gradual upward trend with steady volume.

Stocks Showing Strong Bullish Signals:
– NFLX
– SMCI
– REGN
– KGC
– GDXU

Individual Stock Analysis:

1. NFLX:
   • Support Levels:
     • $705
     • $700
     • $690
   • Resistance Levels:
     • $715
     • $725
     • $740
   • Price Action Prediction: Continued bullish momentum, aiming for $725-$735 in the next 2-3 days.
   • Entry Point: Around $705 or near the trendline support.
   • Stop-loss: Around $690.
   • Chart:
2. SMCI:
   • Support Levels:
     • $465
     • $460
     • $455
   • Resistance Levels:
     • $475
     • $480
     • $490
   • Price Action Prediction: Potential for upward movement targeting $480-$485.
   • Entry Point: Near $465 support level.
   • Stop-loss: Near $455.
   • Chart:
3. REGN:
   • Support Levels:
     • $1145
     • $1140
     • $1135
   • Resistance Levels:
     • $1155
     • $1160
     • $1170
   • Price Action Prediction: Upward bias targeting $1160-$1165.
   • Entry Point: Near $1145.
   • Stop-loss: Near $1135.
   • Chart:
4. KGC:
   • Support Levels:
     • $9.75
     • $9.70
     • $9.60
   • Resistance Levels:
     • $9.90
     • $10.00
     • $10.10
   • Price Action Prediction: Bullish trend with potential for $9.90-$10.00 over the next few days.
   • Entry Point: Near $9.75.
   • Stop-loss: Near $9.60.
   • Chart:
5. GDXU:
   • Support Levels:
     • $50.90
     • $50.70
     • $50.50
   • Resistance Levels:
     • $51.80
     • $52.30
     • $53.00
   • Price Action Prediction: Aiming for a potential rise to $52.30-$52.50.
   • Entry Point: Around $50.90.
   • Stop-loss: $50.50.
   • Chart:
6. COST:
   • Support Levels:
     • $910
     • $906
     • $900
   • Resistance Levels:
     • $918
     • $920
     • $925
   • Price Action Prediction: With its stable growth, it may target $918-$920 in the next 2-3 days.
   • Entry Point: Near $910.
   • Stop-loss: Around $900.
   • Chart:
7. APD:
   • Support Levels:
     • $290
     • $289
     • $288
   • Resistance Levels:
     • $293
     • $295
     • $300
   • Price Action Prediction: Expected to aim for $293-$295.
   • Entry Point: Near $290.
   • Stop-loss: Close to $288.
   • Chart:

These analyses strongly suggest that the momentum in these stocks is likely to carry through, given the support levels they have built up and the volumes observed. Hence, they present good opportunities for swing trading over the next few days.