Continuation Breakout Monday 1PM 7/01/2024

Overall Sector and Industry Analysis

Datetime Range Analyzed:
2024-06-01 to 2024-06-30 (EST)

Based on the recent price and volume data for the last 30 days, I have analyzed various sectors and their respective tickers. It’s notable that some sectors are exhibiting stronger performance and momentum, potentially indicating robust bullish trends in the upcoming days. Here are some key observations:

1. Healthcare Sector:
   • Tickers: UTHR, ARQT, DELL
   • Performance Analysis:
     • UTHR has shown some consistent movement and has moderate volume accumulation, which may be setting it up for a swing.
     • ARQT is showing signs of recovery with increasing volume toward the end of the timeline.
     • DELL, typically within the tech-healthcare crossover, shows bullish patterns from higher highs on strong volume.
2. Technology Sector:
   • Tickers: MDB, INSG, EXFY
   • Performance Analysis:
     • MDB’s strong volume surges with higher closing prices suggest potential upward momentum.
     • INSG has notable trading spikes suggesting possible breakouts.
     • EXFY’s relatively stable performance with slight upticks in volume.
3. Automotive and Energy Sector:
   • Ticker: TSLA
   • Performance Analysis:
     • TSLA is showing strong resilience with increased buying volume and higher lows, indicating bullish momentum.
4. Financial Sector:
   • Tickers: GS, WLFC
   • Performance Analysis:
     • GS is witnessing substantial volume spikes alongside a steady increase in price, favoring upward momentum.
     • WLFC remains more volatile but amidst a consolidating upward trend zone.

Ticker Performance Prediction

Based on the recent 10 days of price and volume analysis, here are the tickers likely to go up in the next 2-3 days:

1. TSLA: Strong bullish signals with consistent upward movement and high volume.
2. MDB: Sustained volume increase and upward price trend.
3. GS: Notable volume support and steady price increase.

Strong Bullish Signals:

• TSLA: Showing high volume and stable upward trend.
• MDB: Price resilience alongside higher volume.
• GS: Significant volume with strong upward price action.

Individual Stock Analysis

1. TSLA

• Key Support Levels:
  • $209.00, $205.50, $202.00
• Key Resistance Levels:
  • $211.50, $215.00, $220.00
• Price Action Prediction (Next 2-3 Trading Days):
  Based on the 30-minute chart, TSLA shows a bull-flag pattern which might break above $211.50 soon.

• Price Targets for 1-3 Day Swing:

  • Short-term target: $215.00
  • Medium target: $220.00
• Entry Points:
  • Near support at $205.50-$209.00
• Stop-Loss Levels:
  • Near $202.00

2. MDB

• Key Support Levels:
  • $258.50, $255.00, $251.00
• Key Resistance Levels:
  • $261.00, $265.00, $270.00
• Price Action Prediction (Next 2-3 Trading Days):
  MDB exhibits a tight consolidation leading into an ascending triangle, suggesting a breakout above $261.00.

• Price Targets for 1-3 Day Swing:

  • Short-term target: $265.00
  • Medium target: $270.00
• Entry Points:
  • Near support at $255.00-$258.50
• Stop-Loss Levels:
  • Near $251.00

3. GS

• Key Support Levels:
  • $456.50, $454.00, $451.00
• Key Resistance Levels:
  • $462.00, $465.00, $470.00
• Price Action Prediction (Next 2-3 Trading Days):
  GS has significant bullish bias, with potential to gap up towards $462.00.

• Price Targets for 1-3 Day Swing:

  • Short-term target: $465.00
  • Medium target: $470.00
• Entry Points:
  • Near support at $454.00-$456.50
• Stop-Loss Levels:
  • Near $451.00

These selected stocks show strong bullish signals supported by price and volume analysis and could offer promising swing trading opportunities over the next few days.