Continuation Breakout Tuesday 4PM 7/30/2024

Overall Sector and Industry Analysis:

Datetime Range:

2024-06-01 to 2024-07-30 (EST)

Commentary:

The past 30 days exhibited a mixed performance across different sectors, with some sectors demonstrating clear bullish momentum while others faced downward pressure.

Notable Trends:

1. Technology Sector:
   • Indicators: Technology stocks like CBRE and SOXS have shown fluctuating movement but with notable accumulation.
   • Volume Analysis: Volume spikes on upward movements signal potential bullish momentum.
2. Healthcare Sector:
   • Indicators: Healthcare giants like UNH and ABBV have had steady increases but with some consolidatory patterns.
   • Volume Analysis: High volumes on up days suggest strong institutional interest.
3. Energy Sector:
   • Indicators: Stocks like BOIL and VLO in the energy sector have shown relative volatility but overall upward trends.
   • Volume Analysis: Consistent volumes indicate ongoing interest.

Reference Tickers:

• Technology: CBRE, SOXS
• Healthcare: UNH, ABBV
• Energy: BOIL, VLO

Ticker Performance Prediction:

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

1. WING: Showing strong bullish signals with consistent upward momentum.
2. NEUE: Significant price rebounds indicate potential rise.
3. VLO: Accumulating volume on upward trends hint at continued bullish momentum.

Strong Bullish Signals:

• WING: Breaking resistance levels with increased volume.
• NEUE: Strong recovery from lower levels with minimal retracement.
• VLO: Showing signs of breaking to higher highs.

Individual Stock Analysis:

1. WING

• Support Levels:
  1. \$374.34
  2. \$372.42
  3. \$370.00
• Resistance Levels:
  1. \$376.64
  2. \$378.475
  3. \$380.00
• Price Action Prediction (30-Minute Chart):
  • Likely to test resistance at \$378.47.
  • Potential pullback to \$374.80 before resuming upward trend.
• Target Price for 1-3 Day Swing:
  • \$378.47
  • \$380.00
• Entry Point:
  • Near support at \$374.34.
• Stop-Loss Level:
  • Near \$372.42.
• Chart:
  • 

2. NEUE

• Support Levels:
  1. \$6.640
  2. \$6.3101
  3. \$6.000
• Resistance Levels:
  1. \$6.757
  2. \$6.820
  3. \$7.000
• Price Action Prediction (30-Minute Chart):
  • Potential upward movement towards \$6.82.
  • Expected to hold above \$6.64 support level.
• Target Price for 1-3 Day Swing:
  • \$6.82
  • \$7.00
• Entry Point:
  • Near \$6.64.
• Stop-Loss Level:
  • Slightly below \$6.3101.
• Chart:
  • 

3. VLO

• Support Levels:
  1. \$162.81
  2. \$162.73
  3. \$161.50
• Resistance Levels:
  1. \$163.66
  2. \$164.62
  3. \$165.00
• Price Action Prediction (30-Minute Chart):
  • Expected to test resistance at \$164.62.
  • Potential continuation to \$165.00 levels.
• Target Price for 1-3 Day Swing:
  • \$164.62
  • \$165.00
• Entry Point:
  • Around \$162.81 support zone.
• Stop-Loss Level:
  • Close to \$161.50.
• Chart:
  • 

Let’s watch these for the next trading sessions and see how they perform based on these predictions. Happy Trading!