Continuation Breakout Thursday 1PM 7/18/2024

Overall Sector and Industry Analysis

Datetime Range Analyzed:
June 18, 2024 – July 18, 2024, Eastern Standard Time (EST).

Commentary on Overall Sector and Industry Performance:
The sector and industry performance over the analyzed period shows varied trends. Here are some key observations:

1. Technology Sector:
   • Heavily traded: Both high and relatively constant volumes, suggesting renewed interest in tech stocks.
   • Growth and Momentum:
     • EPAM had significant intra-day price movements with a notable drop and recovery indicating volatility.
     • BX showed decreasing volumes, indicating potential exhaustion in its price momentum.
2. Healthcare and Biotechnology:
   • Mixed Performance:
     • ARGX exhibited a stable upward trend albeit with fluctuating volume, indicating sustained interest.
     • ILAG experienced spikes in volumes correlating with price increases, often a bullish signal.
3. Industrial and Energy Stocks:
   • Steady but Modest Activity:
     • SBAC showed higher intraday prices, with volumes supporting the price gains.
     • NINE showed resistance near previous highs, with substantial volume supporting maintaining price levels.
4. Finance and Real Estate:
   • Reasonable Interest:
     • MYFW traded within a narrow price band with very thin volume reflecting investor caution.
     • AMT presenting a consolidating pattern, reflecting potential for a breakout or breakdown.

Ticker Performance Prediction:

Likely to Go Up in the Next 2-3 Days:

1. ARGX:
   • Bullish Signals: Price stability, moderate volume increase.
   • Support Levels: $463, $465, $467
   • Resistance Levels: $470, $472, $475
2. BNED:
   • Bullish Signals: Strong demand zones, volume spikes near price rise.
   • Support Levels: $9.70, $10.00, $10.20
   • Resistance Levels: $10.50, $10.70, $10.90
3. ILAG:
   • Bullish Signals: Volume increasing with price.
   • Support Levels: $0.74, $0.76, $0.78
   • Resistance Levels: $0.82, $0.84, $0.88
4. WDFC:
   • Bullish Signals: High price stability with consistent volume.
   • Support Levels: $253.00, $254.50, $255.00
   • Resistance Levels: $257.00, $258.50, $260.00

Individual Stock Analysis:

ARGX

Daily Support and Resistance Levels:
– Support: $463, $465, $467
– Resistance: $470, $472, $475

Next 2-3 Days Price Action Prediction:
– Entry Point: Near $465
– Targets:
– Short-term: $470
– Intermediate: $472
– Aggressive: $475
– Stop-loss: $463

Price Chart:

BNED

Daily Support and Resistance Levels:
– Support: $9.70, $10.00, $10.20
– Resistance: $10.50, $10.70, $10.90

Next 2-3 Days Price Action Prediction:
– Entry Point: Near $10.00
– Targets:
– Short-term: $10.50
– Intermediate: $10.70
– Aggressive: $10.90
– Stop-loss: $9.70

Price Chart:

ILAG

Daily Support and Resistance Levels:
– Support: $0.74, $0.76, $0.78
– Resistance: $0.82, $0.84, $0.88

Next 2-3 Days Price Action Prediction:
– Entry Point: Near $0.76
– Targets:
– Short-term: $0.82
– Intermediate: $0.84
– Aggressive: $0.88
– Stop-loss: $0.74

Price Chart:

WDFC

Daily Support and Resistance Levels:
– Support: $253.00, $254.50, $255.00
– Resistance: $257.00, $258.50, $260.00

Next 2-3 Days Price Action Prediction:
– Entry Point: Near $254.50
– Targets:
– Short-term: $257.00
– Intermediate: $258.50
– Aggressive: $260.00
– Stop-loss: $253.00

Price Chart: