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Continuation Breakout Wednesday 11AM 9/18/2024

September 18, 2024 3 min read

Overall Sector and Industry Analysis:

Datetime Range Analyzed:
August 21, 2024, to September 18, 2024 (EST)

Commentary on Overall Sector and Industry Performance:

  1. Healthcare (TFFP, JSPR, OSCR, PRTG, PHVS, MRSN)
    • TFFP has recently shown increased volume with a surge in prices, especially between September 17-18. The notable increase in volume suggests a bullish build-up.
    • JSPR witnessed significant volume and consistent price increases, indicating bullish momentum.
    • OSCR displayed strong upward moves accompanied by rising volumes, pointing to potential further gains.
    • PRTG has seen explosive volume on September 18, with the price almost doubling within the trading day, indicating a significant bullish influx.
    • PHVS had relatively lower volume with modest gains, showing some resistance but also a potential for small bullish movements.
    • MRSN showed an increase in volume but lacks a clear direction. It’s relatively volatile with modest price changes.
  2. Technology (APLD, CONL, AEI)
    • APLD experienced a strong price surge with increasing volume, showing a robust bullish trend.
    • CONL shows a consistent rise in prices with increasing volumes, indicating bullish momentum.
    • AEI showed moderate gains with low volume. No clear direction but potential for bullish swing.
  3. Consumer Discretionary (DUOL, WULF, AMZN, IWM)
    • DUOL tracked significant gains with substantial volume, signaling bullish interest.
    • WULF exhibited a gradual increase in price coupled with increasing volume, a potential bullish pattern.
    • AMZN showed marginal gains with consistent volume, maintaining a steady upward trajectory.
    • IWM contained steady gains with consistent volumes indicating a bullish trend.
  4. Industrial (POWL, CSWI)
    • POWL experienced short-term gains followed by stabilization at higher volume, indicating potential bullish continuation.
    • CSWI saw slight increases but sustained high volume, suggesting possible bullish movement.
  5. Energy (GRTX, BBAI, FLNC)
    • GRTX jumped significantly in price with increased volume, signaling potential bullish momentum.
    • BBAI demonstrated marginal gains with increased volume, a minor bullish indicator.
    • FLNC showed strong upward moves with consistent volume, indicating a robust bullish trend.

Ticker Performance Prediction:

Likely to Increase in the Next 2-3 Days:
TFFP, JSPR, OSCR, PRTG, APLD, DUOL, WULF, CONL, FLNC

Strong Bullish Signals:
TFFP, PRTG, APLD, DUOL

Individual Stock Analysis:

  1. TFFP
    • Support levels: $2.30, $2.25, $2.20
    • Resistance levels: $2.50, $2.55, $2.60
    • Price Action (30-min Chart): Expect consolidation around $2.40 with potential breakout to $2.50.
    • Price Targets (1-3 days): $2.55, $2.60
    • Entry Points: $2.30 – $2.35
    • Stop-Loss: <$2.25
    finviz dynamic chart for  TFFP
  2. PRTG

    • Support levels: $20.50, $19.50, $18.00
    • Resistance levels: $23.00, $25.00, $28.00
    • Price Action (30-min Chart): Consolidation above $21.00, looking for breakout towards $23.00.
    • Price Targets (1-3 days): $24.00, $25.00
    • Entry Points: $21.00 – $21.50
    • Stop-Loss: <$20.00
    finviz dynamic chart for  PRTG
  3. APLD

    • Support levels: $5.85, $6.00, $6.05
    • Resistance levels: $6.30, $6.35, $6.40
    • Price Action (30-min Chart): Trending towards $6.40 with possible breakout session.
    • Price Targets (1-3 days): $6.45, $6.50
    • Entry Points: $6.05 – $6.10
    • Stop-Loss: <$6.00
    finviz dynamic chart for  APLD
  4. DUOL

    • Support levels: $248.00, $243.00, $241.00
    • Resistance levels: $251.00, $253.00, $255.00
    • Price Action (30-min Chart): Consolidation around $250, targeting break above $251.
    • Price Targets (1-3 days): $253, $255
    • Entry Points: $248 – $249
    • Stop-Loss: <$246.00
    finviz dynamic chart for  DUOL
  5. OSCR

    • Support levels: $22.00, $21.50, $21.00
    • Resistance levels: $22.70, $23.00, $23.50
    • Price Action (30-min Chart): Bullish consolidation around $22.50, potential breakout past $23.00.
    • Price Targets (1-3 days): $23.00, $23.50
    • Entry Points: $22.00 – $22.20
    • Stop-Loss: <$21.80
    finviz dynamic chart for  OSCR

Kindly analyze the specific stocks before committing to investment decisions as market dynamics can change rapidly.

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