Continuation Breakout Thursday 2PM 12/26/2024

Overall Sector and Industry Analysis:

Datetime Range Analyzed: November 26, 2024 – December 26, 2024 (EST)

The recent 30-day analysis indicates sectors such as Technology, Financials, and Healthcare are displaying varied performances. Within these sectors, certain notable trends and patterns have established themselves:

• Technology Sector (e.g., SOUN, CVNA): There has been a distinct increase in trading volumes and a gradual upward momentum, indicative of investor interest and confidence in these tech stocks.

• Financial Sector (e.g., AMP, OPFI): The financial stocks have shown stable performance with moderate price changes albeit higher volatility expected due to year-end fiscal activities.

• Healthcare Sector (e.g., MDGL, ASND): Unstable movements with sporadic activity largely driven by sector-specific developments. Healthcare stocks have displayed increased volatility but flatlined with sporadic breakouts.

Ticker Performance Prediction:

Based on recent price trends, the following tickers show potential for upward momentum in the next 2-3 days:

1. SOUN – Demonstrating a consistent upward trend with increased volume.
2. RKLB – Exhibiting strong bullish patterns and rising volumes.
3. SNAL – Notable spikes in both price and volume, forecasting bullish momentum.

Individual Stock Analysis:

1. SOUN:

• Support Levels: $24.00, $23.70, $23.30

• Resistance Levels: $24.70, $25.20, $25.50

• Price Action Predictions: Anticipated to exhibit an upward trajectory towards the $24.70-$25.20 range influenced by high buying interest.

• Short-term Targets: $24.70, $25.00

• Entry Point: Near $24.00

• Stop Loss: Below $23.30
  [

  ](https://www.finviz.com/quote.ashx?a=117036537&t=SOUN)

  Open full analysis on WaveFinder →

1. RKLB:

• Support Levels: $27.90, $27.60, $27.30

• Resistance Levels: $28.40, $28.60, $29.00

• Price Action Predictions: Anticipated to fluctuate upwards, testing resistance around $28.40.

• Short-term Targets: $28.40, $28.60

• Entry Point: Near $28.00

• Stop Loss: Below $27.60

  Open full analysis on WaveFinder →

1. SNAL:

• Support Levels: $1.85, $1.80, $1.75

• Resistance Levels: $2.00, $2.10, $2.20

• Price Action Predictions: Expected to break past $1.90 and push towards the $2.00 level, riding an increased volume wave.

• Short-term Targets: $2.00, $2.10

• Entry Point: Near $1.85

• Stop Loss: Below $1.75

  Open full analysis on WaveFinder →

Overall, monitoring the volume trends closely, alongside other technical indicators such as RSI and MACD, could provide more insight into potential short-term opportunities.