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Continuation Breakout Thursday 3PM 7/03/2025

July 3, 2025 3 min read

Overall Sector and Industry Analysis:

Datetime Range Analyzed (EST): June 3, 2025 – July 3, 2025

In the past 30 days, the stocks’ price and volume data reveal varying momentum across different sectors and industries. Notably, the technology and renewable energy sectors are garnering significant interest, exhibiting both high volumes and positive price momentum. Within the tech sector, stocks like MSFT, CRM, and NOW display stable uptrends, characterized by rising volumes and consistent price increases. In contrast, the renewable energy sector, represented by stocks such as RUN and FSLR, also shows a resurgence in interest, with notable volume spikes and favorable price action supporting potential upward momentum.

Noticeable Trends and Patterns:

  • Technology Sector: Driven by consistent positive earnings reports, stocks like MSFT (Microsoft) exhibited strong support at the $498 level with increasing volume, suggesting continued bullish sentiment. Similarly, CRM (Salesforce) and NOW (ServiceNow) show stabilized growth patterns.
  • Renewable Energy: Companies like RUN (Sunrun) and FSLR (First Solar) demonstrate bullish patterns, supported by increased interest and policy incentives.
  • Mixed Performance in Consumer Discretionary: Stocks such as BURL (Burlington Stores) portray a sideways trend, suggesting indecision among investors.

Ticker Performance Prediction:

Stocks likely to experience upward momentum in the next 2-3 days include:

  • MSFT (Microsoft): Bullish signals supported by high volume and a steady uptrend.
  • CRM (Salesforce): Strong support levels identified with increasing buyer interest.
  • FSLR (First Solar): Indications of an uptrend due to renewed interest in renewable energy.

Individual Stock Analysis:

  1. Microsoft (MSFT)
    • Support Levels: $498.00, $497.50, $497.00
    • Resistance Levels: $499.00, $500.00, $502.00
    • Price Action Prediction: MSFT is expected to continue its upward trajectory, potentially testing the $499.00 level within the next 1-2 trading days.
    • Price Targets: Near-term target of $501.00 and an attainable swing target of $498.80 within range.
    • Entry Points: Consider entry near the $498.00 support level.
    • Stop-Loss Levels: Recommended stop-loss around $497.00.
    • Finviz Chart: finviz dynamic chart for  MSFT
  2. Salesforce (CRM)
    • Support Levels: $272.00, $271.50, $270.00
    • Resistance Levels: $273.00, $275.00, $278.00
    • Price Action Prediction: Expect gradual upward movement, with potential for testing the $273.00 resistance level.
    • Price Targets: The first target at $273.50 and further at $275.50.
    • Entry Points: Optimal entry around $272.00 support.
    • Stop-Loss Levels: Place stop-loss near $270.50.
    • Finviz Chart: finviz dynamic chart for  CRM
  3. First Solar (FSLR)
    • Support Levels: $185.00, $183.50, $182.00
    • Resistance Levels: $187.00, $190.00, $192.00
    • Price Action Prediction: FSLR is poised for a breakout above $186.00, targeting a rapid move towards $187.50.
    • Price Targets: Short-term target set at $188.50, with an extended target possible at $190.00.
    • Entry Points: Entry near the $185.00 support.
    • Stop-Loss Levels: A prudent stop should be placed around $183.50.
    • Finviz Chart: finviz dynamic chart for  FSLR

Overall, sectoral and industry dynamics suggest a focus on technology and renewable sectors for short-term traders, with opportunities for both swing trading and potential breakout plays. The detailed stock analysis highlights critical levels and strategies to manage risk effectively while aiming for optimized returns within the current market structure.

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