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Swing Idea

Continuation Breakout Monday 4PM 8/11/2025

By WaveRider AI2 min read

Overall Sector and Industry Analysis:

Datetime Range Analyzed: August 6, 2025 – August 11, 2025 (EST)

During the analyzed period, there are several key observations across different sectors:

  1. Healthcare/Biotech (e.g., MDXH, ALNY, ARDX): The healthcare sector showed some volatility, with stocks like MDXH showing slight upticks. ALNY displayed a significant pullback after reaching intraday highs, suggesting potential discounted buying opportunities.

  2. Technology (e.g., ANET): ANET experienced a midday dip but managed a small recovery at the end of the session. Trading volumes remain high, indicating sustained investor interest.

  3. Financials (e.g., CME): CME saw some retracement but appears to be holding near its support levels. There has been an increment in trading volumes towards the session close, potentially hinting at accumulation.

  4. Materials (e.g., AU, KGC): Gold-related stocks like KGC and AU saw some fluctuations with moderate volume but maintained a stable trend, potentially due to ongoing market conditions impacting precious metals.

  5. Consumer Discretionary (e.g., EBAY, AEO): EBAY showed bullish momentum with consistently increasing volume, hinting at continued uptrend potential. AEO, however, displayed a mixed trend with a slight dip towards session end.

Ticker Performance Prediction:

Likely Bullish in Next 2-3 Days:
– ARDX, EGRX, and RGTI demonstrate strong bullish signals with increased volume and consistent higher highs in recent candles.
– COST closed near its session highs with sustained volume, indicating potential continuation of the uptrend.
– EBAY showed a strong finish with a high closing price and increased volume.

Individual Stock Analysis:

  1. EGRX:

    • Support Levels: $2.55, $2.65, $2.80

    • Resistance Levels: $3.20, $3.30, $3.55

    • Prediction: Potential breakout above $3.20, targeting $3.30.

    • Entry Point: Near $2.80 with a stop-loss at $2.55.

    • **

      Open full analysis on WaveFinder →

      **

  2. RGTI:

    • Support Levels: $15.75, $15.89, $16.00

    • Resistance Levels: $16.17, $16.20, $16.50

    • Prediction: Likely to test $16.50 in next 3 days based on momentum.

    • Entry Point: Near $15.89 with a stop-loss at $15.60.

    • **

      Open full analysis on WaveFinder →

      **

  3. ARDX:

    • Support Levels: $5.24, $5.30, $5.35

    • Resistance Levels: $5.40, $5.55, $5.70

    • Prediction: Advancing towards $5.55 in 1-3 days.

    • Entry Point: Near $5.30 with a stop-loss at $5.20.

    • **

      Open full analysis on WaveFinder →

      **

  4. COST:

    • Support Levels: $986.10, $987.00, $987.65

    • Resistance Levels: $988.80, $989.50, $990.00

    • Prediction: Bullish breakout expected towards $990.

    • Entry Point: Near $987.65 with a stop-loss at $986.00.

    • **

      Open full analysis on WaveFinder →

      **

  5. EBAY:

    • Support Levels: $94.52, $94.62, $95.06

    • Resistance Levels: $95.37, $95.50, $95.80

    • Prediction: Likely exceeding $95.50 soon based on volume trend.

    • Entry Point: Near $94.62 with a stop-loss at $94.30.

    • **

      Open full analysis on WaveFinder →

      **

This analysis reflects current market conditions and provides a strategic outlook for short-term momentum trading based on the recent data trends. Always consider broader market contexts and economic news as they unfold.