Continuation Breakout Thursday 4PM 6/20/2024

Overall Sector and Industry Analysis:

Date Range Analyzed (EST): 2024-05-21 to 2024-06-20

Across the various sectors and industries represented by the given stocks, we notice distinct trends:

1. Technology and Cybersecurity (CYBR, FTEL):
   • CYBR has been relatively stable with slight upward movements. Recent spikes in volume suggest potential accumulation.
   • FTEL has shown more volatile movement but with a general upward trajectory.
2. Healthcare and Biotech (PODD, TRVI, SLGL):
   • PODD indicates steady growth with occasional dips.
   • TRVI and SLGL remained relatively flat with low volume, showing no significant momentum currently.
3. Energy (TPL):
   • TPL exhibits high volatility but generally follows an upward trend with significant volume surges implying strong investor interest.
4. Financial Services (KKR):
   • KKR follows a gradual growth pattern but with significant volume, denoting investor confidence and participation.
5. Industrial Manufacturing (ARCB, BOOM):
   • BOOM shows consistent upward movement supported by steady volume.
   • ARCB has also demonstrated consistent growth although experiencing occasional pullbacks.

Ticker Performance Prediction:

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

1. CYBR (CyberArk Software):
   • Strong bullish signals with volume spikes and upward movement.
2. FTEL (FTE Networks):
   • Increased volume with consistent higher highs and higher lows.
3. PODD (Insulet Corporation):
   • Steady price rise and increasing volume in the recent trading sessions.
4. TPL (Texas Pacific Land Trust):
   • High trading volume and upward momentum.
5. KKR (KKR & Co.):
   • Volume spike and stable upwards trajectory.

Individual Stock Analysis:

1. CYBR (CyberArk Software):

• Support Levels:
  1. $255.00
  2. $253.50
  3. $252.00
• Resistance Levels:
  1. $258.50
  2. $260.00
  3. $262.00

Price Action Predictions (30-min chart):
Next 2-3 days likely to see continued upward movement to resistance levels. First target for a swing trade is $258.50. Entry point can be near $255, placing a stop-loss below $253.50.

Chart:

2. FTEL (FTE Networks):

• Support Levels:
  1. $28.20
  2. $28.00
  3. $27.80
• Resistance Levels:
  1. $29.50
  2. $30.00
  3. $31.00

Price Action Predictions (30-min chart):
Price is expected to test $30.00 resistance. Entry near support around $28.50 can be ideal. Stop-loss slightly below $28.00 to manage risk.

Chart:

3. PODD (Insulet Corporation):

• Support Levels:
  1. $198.00
  2. $197.00
  3. $196.00
• Resistance Levels:
  1. $200.00
  2. $202.00
  3. $204.00

Price Action Predictions (30-min chart):
Look for continuation towards $200.00 and $202.00 resistance. Enter near $198.00 with a stop-loss below $197.00.

Chart:

4. TPL (Texas Pacific Land Trust):

• Support Levels:
  1. $770.00
  2. $765.00
  3. $760.00
• Resistance Levels:
  1. $780.00
  2. $785.00
  3. $790.00

Price Action Predictions (30-min chart):
Expect a move upwards towards the $780-$785 resistance range. Entry point near $770 is advised, with a stop-loss around $765.

Chart:

5. KKR (KKR & Co.):

• Support Levels:
  1. $109.50
  2. $109.00
  3. $108.50
• Resistance Levels:
  1. $111.00
  2. $112.00
  3. $114.00

Price Action Predictions (30-min chart):
Anticipate continued rise towards $111 and $112 resistance levels. Enter near supports around $109.50, with a stop-loss below $109.00.

Chart:

This analysis provides a focused outlook for short-term trading. Always remember to monitor the market for new information and adjust your entry and exit strategies accordingly. Happy trading!