Continuation Breakout Tuesday 1PM 6/24/2025

Overall Sector and Industry Analysis:

Datetime Range Analyzed: 2025-05-25 to 2025-06-24, EST

The recent 10 days of data indicate increased trading activity across a diversified set of sectors. Notably, technology and consumer discretionary stocks have shown significant price movement, reflecting market optimism in these areas. In particular, LGND (Ligand Pharmaceuticals) from the biotech industry and COIN (Coinbase Global) from digital finance have seen considerable volume spikes paired with upward price momentum, suggesting strong sector performance. The solar sector, represented by FSLR (First Solar), shows resilience with robust price increases likely due to favorable policy developments or market sentiment towards renewable energy.

Notable Trends and Patterns:

1. Biotech (LGND, ALNY): These stocks are experiencing upward momentum with increased volume, hinting at potential sector-wide developments in pharmaceuticals or favorable clinical trial results.
2. Digital Finance (COIN): Shows a strong recovery over the last 10 days, likely driven by increasing cryptocurrency market stabilization.
3. Renewable Energy (FSLR): The increasing price trend, coupled with high volume, indicates a bullish outlook for solar stocks.
4. Consumer Goods (CLS, JBIO): Noticeable volume increases suggest buying interest possibly due to favorable quarterly results or market conditions.

Ticker Performance Prediction:

For the next 2-3 days, the following tickers exhibit bullish signals and are likely to rise:

1. COIN (Coinbase Global): Strong volume paired with a breakout from consolidation, likely to see continuous upside.
2. FSLR (First Solar): Momentum and volume suggest further gains.
3. LGND (Ligand Pharmaceuticals): Persistent volume with an upward trend supports a bullish outlook.
4. ALNY (Alnylam Pharmaceuticals): Stable increases with nominal pullbacks are indicative of ongoing investor confidence.

Individual Stock Analysis:

COIN (Coinbase Global):
– Key Support Levels: 336.00, 334.07, 332.85
– Key Resistance Levels: 341.95, 343.99, 345.00

• Price Action Prediction: Expect a retest and potential breakout of immediate resistance at 341.95. Look for a move towards 343.99, possibly reaching 345.00 within the next 2-3 trading days as it continues to ride the crypto market trend.
• Entry Point: Near 336.00 if retraced, otherwise confirmation above 341.95.
• Stop-loss: Set below 334.07, considering minor intraday volatility.
• Finviz Price Chart:

FSLR (First Solar):
– Key Support Levels: 148.35, 146.88, 145.70
– Key Resistance Levels: 149.70, 150.00, 151.00

• Price Action Prediction: May consolidate briefly before testing 149.70. A sustained push through might aim for 150.00 with potential for 151.00 given macro energy trends supporting solar.
• Entry Point: Near support at 148.35. Breakout entry above 149.70.
• Stop-loss: Below 146.88 to safeguard against deep pullback.
• Finviz Price Chart:

LGND (Ligand Pharmaceuticals):
– Key Support Levels: 117.00, 116.92, 116.50
– Key Resistance Levels: 118.24, 119.00, 119.50

• Price Action Prediction: Watch for continuation above 118.24. Strong bullish sentiment could push towards 119.00, with speculative upside potential to 119.50 on biotech news.
• Entry Point: Near 117.00, or confirmed breakout above 118.24.
• Stop-loss: Below 116.92 allowing for some intraday movements.
• Finviz Price Chart:

ALNY (Alnylam Pharmaceuticals):
– Key Support Levels: 321.35, 320.00, 318.00
– Key Resistance Levels: 323.81, 324.50, 325.00

• Price Action Prediction: Potential gradual rise towards 323.81. If momentum persists, could reach 325.00 where overhead supply might be tested.
• Entry Point: Near 321.35, looking for support confirmation.
• Stop-loss: Under 320.00, providing room for volatility.
• Finviz Price Chart:

This analysis considers historical price data and key technical indicators to project near-term movements for these stocks. Keep an eye on overall market conditions as they can influence these predictions.