Continuation Breakout Wednesday 3PM 6/26/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed: 2024-05-28 to 2024-06-26 (Eastern Standard Time)

The analysis encompasses a broad spectrum of sectors, including technology, healthcare, consumer services, financials, and industrials. The overall market exhibited some significant momentum swings over the past 30 days, with notable developments in the last 10 days.

1. Technology Sector (e.g., MSFT, INTU, DDOG, ADSK):
   • Most tech stocks demonstrated a robust upward momentum, driven by strong volume and positive investor sentiment.
   • MSFT and INTU showcase consistent intraday rallies indicating institutional buying.
   • DDOG and ADSK reflect consolidation patterns suggesting imminent breakouts.
2. Healthcare Sector (e.g., PODD, IRTC):
   • Exhibited mixed behaviors. PODD shows steady gains while IRTC appears range-bound.
   • IRTC’s volume hints at potential accumulation phases, indicating a possible trend reversal.
3. Consumer Services (e.g., COST, JWEL):
   • Generally steady upward trends, with COST maintaining higher levels indicative of strong demand.
   • Lesser volume in JWEL adds uncertainty but maintains a relatively stable price.
4. Financials (e.g., COE, FTEL):
   • COE and FTEL displayed bullish behaviors with higher intraday volumes, suggesting support for an uptrend.
   • COE in particular indicates a breakout potential from established resistance levels.
5. Industrials and Miscellaneous (e.g., CLSK, SFWL, OMGA):
   • CLSK exhibited large-cap characteristics with significant volume and price movements.
   • SFWL and OMGA experienced more volatility, indicating speculative trading behaviors.

Ticker Performance Prediction:

Based on recent trends and technical signals, the following tickers are likely to rise in the next 2-3 days:
– MSFT: Strong bullish push and satisfactory volume indicators.
– COE: Positive recent intraday price actions under higher volumes.
– INTU: Consistently higher intraday highs and firm support around 637.
– DDOG: Potential breakout pattern forming with solid support.

Individual Stock Analysis:

MSFT (Microsoft)

Support Levels:
1. $451.00
2. $450.00
3. $449.00

Resistance Levels:
1. $452.50
2. $453.00
3. $454.50

Price Action Prediction:
– Next 2-3 days show upward movements toward $453, with possible breaks up to $454.5.
– Entry Point: Around $451.00 near the first support level.
– Targets: $452.50, $453.50, $454.50.
– Stop-Loss: $449.00
–

COE

Support Levels:
1. $10.61
2. $10.75
3. $10.82

Resistance Levels:
1. $10.90
2. $11.00
3. $11.15

Price Action Prediction:
– Expecting a push towards $10.90, testing higher to $11.15.
– Entry Point: Near $10.75 support level.
– Targets: $10.90, $11.00, $11.15.
– Stop-Loss: $10.61
–

INTU (Intuit)

Support Levels:
1. $636.00
2. $637.00
3. $638.00

Resistance Levels:
1. $639.00
2. $640.00
3. $641.50

Price Action Prediction:
– Anticipated bullish run towards resistances around $640.00.
– Entry Point: Around $637.00.
– Targets: $639.00, $640.00, $641.50.
– Stop-Loss: $636.00
–

DDOG (Datadog)

Support Levels:
1. $123.20
2. $123.00
3. $122.80

Resistance Levels:
1. $124.00
2. $124.50
3. $125.00

Price Action Prediction:
– Likely to break towards $124.50 and beyond.
– Entry Point: Around $123.20.
– Targets: $124.00, $124.50, $125.00.
– Stop-Loss: $122.80
–

COST (Costco)

Support Levels:
1. $856.50
2. $857.00
3. $857.30

Resistance Levels:
1. $859.00
2. $860.00
3. $861.00

Price Action Prediction:
– Potential climb to test $859-$860 range.
– Entry Point: Around $857.00.
– Targets: $859.00, $860.00, $861.00.
– Stop-Loss: $856.50
–

These predictions are based on the given dataset and current market conditions, always ensure to conduct additional analysis and adjust trading strategies accordingly.