Continuation Breakout Wednesday 4PM 9/24/2025

Overall Sector and Industry Analysis (range analyzed: 2025-09-24 13:00–16:00 ET)
Note: The data provided is intraday (30-min bars) from the afternoon of Sep 24, 2025. The commentary focuses on that window, with near-term projections for the next 1–3 trading days.

• Crypto/Blockchain-adjacent (CAN, BTCS, IREN): Broad risk-on tone in small/mid crypto-linked names. CAN and BTCS showed clean higher-highs with rising volume into the close; IREN saw heavy afternoon selling pressure after an early push. Net: breadth favored upside momentum in lower-priced crypto proxies (CAN, BTCS), while larger/liquid miners (IREN) faded—watch for rotation within the space.
• Consumer Discretionary – Specialty Retail/Athleisure (LULU, ULTA): Both tickers grinded higher late day with volume expansion (notably ULTA into the final hour). This is constructive for short-term continuation bids.
• Healthcare/Biotech (RAPT, ERAS, MNPR, AMLX, XNCR, HCA, THC): Small/mid-cap biotech mixed but pockets of accumulation (ERAS closed firm; RAPT pushed to 24.00). Larger providers (HCA, THC) were steady/defensive. Illiquid names (MNPR) had sporadic prints—treat signals with caution.
• Energy/Materials – Alt Energy, Storage, Coal, Shipping (EOSE, STEM, METC, IMPP): Weak tape in storage/alt energy (EOSE, STEM selling pressure) and coal (METC faded all afternoon). Shipping (IMPP) failed to hold a mid-session pop above 5.00—net choppy and not leading.
• Semis/Analog (ADI): Tight, mean-reverting session with no clear directional edge.
• EV/Industrial micro (XOS): Illiquid and range-bound—low signal quality.
• Quantum/High Beta Tech (ARQQ): Elevated volatility, heavy late-day selloff—risk-off within this pocket.

Noticeable patterns

• Strongest late-day momentum/volume: ULTA, LULU (discretionary), CAN, BTCS (crypto-adjacent), ERAS and RAPT (select biotech), PRE (gradual bid).
• Distribution/late-day fades: EOSE, METC, ARQQ, IREN, STEM—these showed supply into strength or outright risk-off.

Ticker Performance Prediction (next 2–3 days)
Most likely to go up (bullish bias):

• High-conviction: CAN, BTCS, ULTA, LULU
• Constructive with risk qualifiers (liquidity/volatility): ERAS, RAPT, PRE
• Watchlist (improving but thinner): ENGN

Strongest bullish signals

• CAN, BTCS: Higher highs into the close + volume expansion; clear “risk-on” microstructure.
• ULTA: Range expansion into close with steady bid and closing near highs.
• LULU: Persistent higher lows in the afternoon and close near session highs.

Individual Stock Analysis
Approach for targets: Since 10–30 day ATRs weren’t provided, I use the afternoon true range as a conservative proxy for 1–3 day swing increments. Daily zones include obvious intraday supply/demand and nearby round/psychological levels you’ll see reflected on the daily.

1) CAN [Crypto mining hardware/ADR]

• Daily support: 0.868–0.870; 0.859; 0.841
• Daily resistance: 0.885; 0.906; 0.920–0.940
• 30-min read: Clear uptrend with a spike to 0.906 and controlled dip into the close. Strong volume breadth.
• 1–3 day targets (proxy ATR ~0.06): 0.90–0.91; then 0.93–0.94; stretch 0.97 if crypto risk-on persists.
• Entry plan: Accumulate 0.870–0.875 on dips; add on reclaim/hold above 0.885.
• Stop-loss: 0.858 (below demand and prior higher low). If thinner liquidity, use 0.852 hard stop.

2) BTCS [Crypto plays]

• Daily support: 4.83; 4.79–4.80; 4.76
• Daily resistance: 4.905; 4.92–4.95; 5.00
• 30-min read: Higher highs and a close at the session highs (4.9197). Volume built into the bell—bullish.
• 1–3 day targets (proxy ATR ~0.16): 4.95; 5.05; stretch 5.20 on strong follow-through.
• Entry plan: 4.85–4.87 pullbacks; momentum add above 4.92 on volume.
• Stop-loss: 4.78 (below afternoon base). Tighter traders: 4.81.

3) ULTA [Specialty retail]

• Daily support: 533.3–533.5; 532.2; 531.7
• Daily resistance: 535.5; 537.1; 540.0
• 30-min read: Strong last-hour push with rising volume; closed near highs—classic continuation setup.
• 1–3 day targets (proxy ATR ~5.5): 537–538.5; 540–542; stretch 545 on sustained sector strength.
• Entry plan: Buy 533.8–534.4 pullback toward last hour’s breakout shelf; add on a clean 535.6–536 reclaim.
• Stop-loss: 531.5 (below session demand). If you need tighter risk, 532.0.

4) LULU [Athleisure]

• Daily support: 178.4–178.6; 178.0; 177.74
• Daily resistance: 179.56–179.67; 180.0; 181.2
• 30-min read: Steady higher lows; closing strength with volume. Momentum continuation favored.
• 1–3 day targets (proxy ATR ~1.9): 180.3; 181.2; stretch 182.0 if broad retail stays bid.
• Entry plan: 178.6–178.9 on dips; momentum add through 179.7 with volume.
• Stop-loss: 177.65 (below afternoon low). Tighter: 178.15 if scalping.

5) ERAS [Biotech]

• Daily support: 1.89–1.90; 1.885; 1.85
• Daily resistance: 1.94; 2.00; 2.05
• 30-min read: Afternoon stair-step with buyers capping each dip; closed firm near highs.
• 1–3 day targets (proxy ATR ~0.10): 1.98–2.00; 2.05; stretch 2.12 on news/flow.
• Entry plan: 1.89–1.91 demand retest; add on through 1.94 with time-and-sales confirmation.
• Stop-loss: 1.84 (beneath session base). For tighter risk: 1.87.

6) RAPT [Biotech]

• Daily support: 23.57–23.70; 23.45; 23.38
• Daily resistance: 24.00; 24.20; 24.50
• 30-min read: Controlled uptrend all afternoon; final bar printed 24.00 with volume pickup—a constructive sign.
• 1–3 day targets (proxy ATR ~0.62): 24.20; 24.50; stretch 24.90 on momentum day.
• Entry plan: 23.60–23.75 on dips toward intraday higher-low structure; add on confirmation above 24.00 with volume.
• Stop-loss: 23.38 (below session low/structure invalidation).

7) PRE [Healthcare/diagnostics]

• Daily support: 13.55–13.60; 13.49–13.50; 13.40
• Daily resistance: 13.70–13.72; 13.85; 14.00
• 30-min read: Built a base and pushed late; not explosive but orderly accumulation.
• 1–3 day targets (proxy ATR ~0.49): 13.85; 14.00; stretch 14.20 if tape stays risk-on.
• Entry plan: 13.55–13.62 retests; add on reclaim of 13.72 with volume.
• Stop-loss: 13.38 (below day’s downside flush).

Additional notes and risk management

• Crypto correlation: CAN/BTCS (and to a degree IREN) will track BTC beta. If BTC stalls or reverses hard, tighten stops or take profits faster.
• Thin/illiquid names (MNPR, ENGN, XOS): Use hard stops and smaller size; slippage risk is high.
• Avoid for long setups near-term (unless reversal signals emerge): EOSE, METC, ARQQ, STEM, IREN—late-day supply and weak structure.

If you want me to compute precise daily ATRs and refine daily zones, share the last 30 trading days of OHLCV for these tickers; I’ll tighten targets and risk parameters accordingly.