Continuation Breakout Tuesday 12PM 8/27/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed (EST): 2024-07-28 to 2024-08-27

Based on the data provided for the last 30 days, let’s break down the sector and industry sentiments:

1. Technology Sector:
   • Stocks like APP, RMD, ADSK, PANW, DUOL, NFLX, and NOW have shown mixed performances. Specifically, APP and RMD have shown notable volume spikes, indicating increased trading interest.
   • ADBE and ADSK show steady upward momentum characterized by higher highs and higher lows, suggesting strong bullish sentiment.
2. Consumer Discretionary:
   • HRB, RACE, HLT, TTWO, and TSLA within this sector display significant bullish trends. RACE and TSLA in particular show increasing volumes in the recent days, indicating robust investor interest.
3. Health Care:
   • CRM and REGN appear to have a steady movement with slight upward trends. Specifically, REGN saw consistent volume peaks in the recent sessions paired with an upward price action.
   • LLY displays strong volume presence combined with incremental price increases, indicating ongoing buying interest.
4. Industrial:
   • MKL, HUBB, CTAS, and MSGS show a mixture of stability and bullishness. CTAS and HUBB are engaging in consolidation but are showing signs of breakout with slight volume increases.
   • ETN and FIX have stable upward momentum alongside increasing volume, suggesting continued buying interest.
5. Financial:
   • MCO, LPLA, and CPAY display sideways movement with intermittent bullish trends. MCO is especially notable for its consistent price rise alongside an increase in volume recently.
   • BKNG and GSUN showcase strong bullish trends with significant spikes in volume.

Ticker Performance Prediction:

Likely to go up in the next 2-3 days:
1. ADBE – Strong bullish signals with consistent price rise and volume increase.
2. RACE – Notable volume peaks indicate ongoing buying interest.
3. APP – Recent 10 days show bullish momentum with consistent volume spikes.
4. DUOL – Volume and price surges aligned with bullish momentum.
5. NFLX – Steady volume increase and bullish price action.
6. LLY – High buying volume with steady price increments.

Individual Stock Analysis:

ADBE

1. Support Levels:
   • \$558, \$562, \$564
2. Resistance Levels:
   • \$565, \$568, \$570
3. Price Action Predictions:
   • Expected to break \$565 and potentially reach \$570 within the next 2-3 trading days.
   • Entry Point: Around \$562
   • Stop-Loss: Below \$558
   • 

RACE

1. Support Levels:
   • \$488, \$489, \$490
2. Resistance Levels:
   • \$492, \$494, \$496
3. Price Action Predictions:
   • Anticipated to challenge \$492, moving towards \$496.
   • Entry Point: Around \$488
   • Stop-Loss: Below \$486
   • 

APP

1. Support Levels:
   • \$88, \$89, \$90
2. Resistance Levels:
   • \$91, \$92, \$93
3. Price Action Predictions:
   • Predicted to move past \$91 towards \$93.
   • Entry Point: Around \$89
   • Stop-Loss: Below \$88
   • 

DUOL

1. Support Levels:
   • \$206, \$209, \$211
2. Resistance Levels:
   • \$213, \$214, \$216
3. Price Action Predictions:
   • Likely to hit \$213 with potential to reach \$216.
   • Entry Point: Around \$206
   • Stop-Loss: Below \$204
   • 

NFLX

1. Support Levels:
   • \$680, \$685, \$690
2. Resistance Levels:
   • \$705, \$710, \$715
3. Price Action Predictions:
   • Expected to push through \$705 and potentially touch \$710.
   • Entry Point: Around \$690
   • Stop-Loss: Below \$685
   • 

LLY

1. Support Levels:
   • \$950, \$955, \$960
2. Resistance Levels:
   • \$966, \$970, \$975
3. Price Action Predictions:
   • Forecast to reach \$970, with a potential expansion towards \$975.
   • Entry Point: Around \$955
   • Stop-Loss: Below \$950
   • 

These predictions are based on the analysis of price and volume actions alongside historical performance and technical levels. Always consider performing your due diligence and risk assessment before trading.