Continuation Breakout Tuesday 4PM 6/11/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed: May 13, 2024 – June 11, 2024 (EST)

Analysis of Sectors and Industries:

Based on the past 30 days of price and volume data, several stocks from different sectors and industries were analyzed. The following trends were noticeable:

Technology Sector:
The technology sector showed robust activity, with significant momentum observed in stocks like MSFT, CRWD, and ARM. These stocks demonstrated persistent uptrends, validating the sector’s overall bullish sentiment. High trading volumes on ascending prices were notable, highlighting strong investor interest.

• MSFT (Microsoft) had a sustained uptrend, closing consistently higher with increasing volumes.
• CRWD (CrowdStrike) witnessed increased volume and bullish candlestick patterns, suggesting a positive breakout.
• ARM (Arm Holdings) showed fluctuations but maintained an upwards trajectory, especially in the last 10 days.

Health Care Sector:
Mixed performances were observed in the health care sector. The stocks like ISRG and REGN showed stable trends with modest gains, but others like DNLI indicated a lack of strong momentum.

• ISRG (Intuitive Surgical) maintained a steady rise, demonstrating minor pullbacks with strong recoveries.
• REGN (Regeneron) also showed steady performance, ascending methodically with reasonable volumes.

Consumer Discretionary Sector:
Stocks such as GPS and SKLZ in the consumer discretionary sector displayed mixed signals, with notable volatility and inconsistent volume trends.

• GPS (Gap Inc.) showed subtle bullish patterns with volume spikes correlating to uptrends.
• SKLZ (Skillz Inc.) demonstrated a slight upward movement with scattered volume, indicating caution among traders.

Notable Tickers:

• MSFT: Continual gains with strong volume affirming bullish sentiment.
• CRWD: High volume with progressive uptrend suggests further gains.
• ARM: Consistent performance with minor volatility, pointing to bullish tendencies.

Ticker Performance Predictions:

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

1. MSFT
2. CRWD

Individual Stock Analysis:

MSFT (Microsoft):

• 3 Key Levels for Support:
  • 425
  • 428
  • 430
• 3 Key Levels for Resistance:
  • 433
  • 435
  • 440

Price Action Prediction (30-Minute Chart):
– Entry Point: Near 430
– Stop-Loss: 428
– Price Targets:
– Target 1: 433
– Target 2: 435
– Target 3: 440

CRWD (CrowdStrike):

• 3 Key Levels for Support:
  • 380
  • 382
  • 385
• 3 Key Levels for Resistance:
  • 388
  • 390
  • 395

Price Action Prediction (30-Minute Chart):
– Entry Point: Near 382
– Stop-Loss: 380
– Price Targets:
– Target 1: 388
– Target 2: 390
– Target 3: 395

Conclusion:

The technology sector, represented by tickers like MSFT and CRWD, is poised for gains, exhibiting bullish trends corroborated by volume and price actions. Short-term swing trades in these stocks, with strategic entry and exit points near key support and resistance levels, could yield substantial returns in the next 2-3 trading days. Traders should closely monitor these levels and adjust their positions based on real-time market behavior.