Continuation Breakout Monday 1PM 7/08/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed: June 8, 2024 – July 8, 2024 (EST)

Over the past 30 days, there’s been notable momentum within different sectors, reflecting both bullish and bearish tendencies. Here’s a breakdown based on the provided data:

1. Technology Sector:
   • CRDO: Showed modest gains in the early part of the month but displayed increased volatility in the latter part. Volume peaked recently, suggesting growing investor interest.
   • ROOT: Had consistent upward movement up till the last 10 days where increased volume and a drop in price were observed, indicating potential overselling.
2. Financial Sector:
   • GS: Experienced significant fluctuations with increasing volumes but showed a weakening price trend, suggesting bearish pressure.
   • FRFHF: Overall, exhibited little to no significant volume spikes, indicating low investor activity. Its movements were relatively stable with marginal intra-day drops.
3. Industrial Sector:
   • ROK: Stable performance with mild fluctuations and consistent volume levels. However, recent days suggest slight bearish leaning.
   • BA: After reaching a high early in the analyzed range, BA faced a declining trend in the last 10 days, aligning with the increased trading volumes, a bearish signal.
4. Pharmaceutical & Biotech Sector:
   • TNYA, XBIT, TVTX, ORIC: This sector showed mixed signals; some stocks like TVTX had sharp upward bursts, while others like ORIC fluctuated widely, reflecting sector-wide volatility.
5. Consumer Goods:
   • IBP: Displayed consistent price stability but had slight bearish trends in the last few days.
6. Energy:
   • EXK: Minor upticks noticed, but was largely range-bound with some increased volumes in the latter part of the range.

Ticker Performance Prediction:

Based on recent momentum and volume surge analysis, the following tickers are likely to trend upward in the next 2-3 days:
– TVTX, CRDO, TNYA, EXK

Individual Stock Analysis:

TVTX:

1. Support Levels:
   • $8.20 (recent).
   • $8.00
   • $7.75
2. Resistance Levels:
   • $8.45 (recent)
   • $8.67
   • $8.80
3. Price Action Predictions:
   • Likely to test $8.67 resistance within the next 2-3 days.
   • Entry Point: Near $8.20 support
   • Stop-loss: Set below $8.00
   • Targets: $8.45, $8.67, $8.80.

CRDO:

1. Support Levels:
   • $31.90
   • $31.70
   • $31.50
2. Resistance Levels:
   • $32.37
   • $32.50
   • $32.80
3. Price Action Predictions:
   • Anticipate a retest of $32.37 followed by $32.50.
   • Entry Point: Near $31.90
   • Stop-loss: Below $31.70
   • Targets: $32.37, $32.50, $32.80.

TNYA:

1. Support Levels:
   • $2.95
   • $2.90
   • $2.85
2. Resistance Levels:
   • $3.20
   • $3.30
   • $3.40
3. Price Action Predictions:
   • Might retest $3.20 and then higher.
   • Entry Point: Close to $2.95
   • Stop-loss: Below $2.85
   • Targets: $3.20, $3.30, $3.40.

EXK:

1. Support Levels:
   • $4.04
   • $4.00
   • $3.95
2. Resistance Levels:
   • $4.10
   • $4.13
   • $4.15
3. Price Action Predictions:
   • Testing resistance at $4.10 is expected.
   • Entry Point: Near $4.04
   • Stop-loss: Below $3.95
   • Targets: $4.10, $4.13, $4.15.

Finviz Charts using WordPress shortcode:
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These recommendations rely heavily on short-term price action and volume trends. As a swing trader, it’s critical to stay updated with intraday developments and adjust strategies accordingly.