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Continuation Breakout Wednesday 2PM 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)

Over the last 30 days, the sector performance has exhibited several notable trends:
Technology Sector: Mixed performance with tickers like DUOL showing strong gains, likely due to recent positive earnings reports or product launches. Conversely, smaller tech companies like HCWB have seen stagnant prices with low volume.
Healthcare/Biotech: Strong movements are seen in stocks like OLPX and SPRY. OLPX has shown consistent volume spikes, indicating positive investor sentiment or news-flows.
Energy Sector: The tickers analyzed in this sector, PI and APLD, are reflecting a bullish trend with steady gains and increasing volume patterns over the past 10 days, indicating growing investor interest.
Consumer Discretionary: Companies like WSM and DE have shown some recent volatility but are overall steady, indicating a cautious bullish sentiment.

Ticker Performance Prediction:

Based on the recent 10 days of price and volume development, the following tickers are likely to go up in the next 2-3 days:

  1. DUOL – Strong bullish signals with consistently higher highs and substantial volume.
  2. PI – Evident upward momentum with increasing volume.
  3. OLPX – Steady upward movement on considerable volume.
  4. SPRY – Robust price action and volume increases suggest an upcoming breakout.
  5. APLD – Indicating a positive trend with substantial trading activity.

Individual Stock Analysis:

DUOLfinviz dynamic chart for  DUOL

Support Levels:
1. $250.00
2. $248.50
3. $246.00

Resistance Levels:
1. $253.00
2. $255.00
3. $257.00

Price Action Predictions:
Price Targets: $252.50, $255.00, and $257.00 within 1-3 days.
Entry Point: Near $250.00 or any pullback close to $248.50.
Stop-Loss: Recommended at $246.00 to minimize potential downside risk.

PIfinviz dynamic chart for  PI

Support Levels:
1. $190.00
2. $187.50
3. $185.00

Resistance Levels:
1. $192.50
2. $195.00
3. $198.00

Price Action Predictions:
Price Targets: $192.50, $195.00, and $198.00 within 1-3 days.
Entry Point: Around $190.00 or on a minor pullback to $187.50.
Stop-Loss: Placed at $185.00 for a conservative risk approach.

OLPXfinviz dynamic chart for  OLPX

Support Levels:
1. $2.60
2. $2.55
3. $2.50

Resistance Levels:
1. $2.65
2. $2.70
3. $2.75

Price Action Predictions:
Price Targets: $2.65, $2.70, and $2.75 within 1-3 days.
Entry Point: At $2.60 during intraday dips.
Stop-Loss: Suggested at $2.50 to shield from excessive drop.

SPRYfinviz dynamic chart for  SPRY

Support Levels:
1. $13.60
2. $13.45
3. $13.30

Resistance Levels:
1. $13.90
2. $14.00
3. $14.10

Price Action Predictions:
Price Targets: $13.90, $14.00, and $14.10 within 1-3 days.
Entry Point: Close to $13.60 or on a dip to about $13.45.
Stop-Loss: At $13.30 to curb significant losses.

APLDfinviz dynamic chart for  APLD

Support Levels:
1. $6.20
2. $6.15
3. $6.00

Resistance Levels:
1. $6.45
2. $6.55
3. $6.70

Price Action Predictions:
Price Targets: $6.45, $6.55, and $6.70 within 1-3 days.
Entry Point: Around $6.20 and on any pullback at approximately $6.15.
Stop-Loss: Recommended at $6.00 for prudent risk management.

Conclusion:

The above analysis provides a concise outlook on key stocks with positive momentum indicators, projected support/resistance levels, and entry/exit strategies for the upcoming trading days.

Happy Trading!

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