Continuation Breakout Wednesday 4PM 9/25/2024

Overall Sector and Industry Analysis (September 1, 2024 – September 30, 2024, EST):

The data spans from September 1, 2024, to September 30, 2024, covering a broad range of sectors and industries including technology, consumer goods, pharmaceuticals, and renewable energy. A detailed examination suggests specific sector trends:

• Technology Sector: Stocks like AMD, SNPS, and KLAC have shown consistent volume and price momentum, hinting at a broadly favorable environment for semiconductor and software engineering firms.
• Consumer Goods: Companies such as META and CRM displayed fluctuating prices, which might suggest transition phases in consumer spending patterns.
• Pharmaceuticals & Healthcare: Stocks like GANX and MNPR are showing short-term gains in volume, indicating potential short-term bullish momentum.
• Energy: NGNE and CEG focused on renewable energy have steady momentum, signifying consistent market interest.

Noticeable Trends:
– Increased Volumes: Stocks like SNPS, VRT, and CEG have seen a recent surge in trading volumes.
– Bullish Movements: Particularly in technology and pharmaceuticals, distinct upward trends in the past 10 days indicate potential momentum trades.

Ticker Performance Prediction

Likely to Rise in the Next 2-3 Days:
1. AMD: Continuing bullish momentum.
2. SNPS: Strong volume increase with price consistency.
3. MNPR: Recent price spikes with high volume.
4. CRMD: Positive price action with steady volume.

Individual Stock Analysis

AMD

1. Support Levels:
   • $162.00
   • $161.50
   • $160.00
2. Resistance Levels:
   • $163.00
   • $164.00
   • $165.00
3. Price Action Prediction (next 2-3 days):
   • Entry Point: Around $161.50 (Support level)
   • Targets: $163.00, $164.00
   • Stop-Loss: Below $160.00

SNPS

1. Support Levels:
   • $508.00
   • $507.00
   • $505.00
2. Resistance Levels:
   • $510.00
   • $511.00
   • $512.00
3. Price Action Prediction (next 2-3 days):
   • Entry Point: Near $507.00
   • Targets: $510.00, $511.50, $513.00
   • Stop-Loss: Below $505.00

MNPR

1. Support Levels:
   • $5.00
   • $4.95
   • $4.90
2. Resistance Levels:
   • $5.20
   • $5.25
   • $5.30
3. Price Action Prediction (next 2-3 days):
   • Entry Point: Near $5.00
   • Targets: $5.20, $5.25, $5.30
   • Stop-Loss: Below $4.90

CRMD

1. Support Levels:
   • $7.70
   • $7.65
   • $7.60
2. Resistance Levels:
   • $7.85
   • $7.90
   • $8.00
3. Price Action Prediction (next 2-3 days):
   • Entry Point: Near $7.70
   • Targets: $7.85, $7.90, $8.00
   • Stop-Loss: Below $7.60

Summary Conclusion:

The indicated stocks show robust short-term momentum potential, complemented by increased volumes. Entry points are strategically suggested near key support levels for optimal risk-reward balance, with price targets aligned with recent resistance levels and historical price movements. The suggested stop-loss orders help mitigate potential downside risks, making these tickers attractive for 1-3 day swing trades.