Continuation Breakout Tuesday 2PM 9/24/2024

Overall Sector and Industry Analysis

Datetime Range in EST Analyzed: August 25, 2024, to September 24, 2024

Commentary on Overall Sector and Industry Performance

Technology Sector:
– AMD (Semiconductors) & NVDA (Semiconductors): Both AMD and NVDA have shown strong volumes and trending volumes. With a notable uptick in the last 10 days, they appear to be strengthening. NVDA, in particular, shows heavier trading volumes, indicating increased investor interest.
– QQQ (Tech ETF): QQQ reflects broad tech sector sentiment. Holding relatively steady with minor fluctuations, implying sector stability.

Consumer Discretionary:
– NFLX (Entertainment): Despite minor daily fluctuations, NFLX shows stable momentum, with consistent volume suggesting investor confidence.
– MAR (Hotels/Resorts): MAR’s stable growth over the last 10 days with increasing volumes indicates strong investor sentiment.

Health Care:
– BNTX (Biotech): BNTX has had notable price spikes followed by corrections, but its increased trading volumes imply strong interest.
– OMIC (Biotech): Shows increased volatility with rising volumes in the past 10 days, which could imply upcoming price movements.

Financials:
– JLL (Real Estate): Consistent performance and slight uptrend over the past 10 days with moderate volumes indicate a steady rise.

Energy:
– NGD (Mining): Reflects a steady price trend with consistent volume, indicative of a balanced market sentiment.

Ticker Performance Prediction

Likely to go Up in the Next 2-3 Days:
– NVDA: Strong bullish indicators with rising volumes.
– AMD: Consistent upward trend with stable volume.
– FLICT (Fiserv): Overall tech stability reflected in FISV, with strong volumes.
– MAR: Consistent performance, indicating low risk.
– BNTX: Increased volumes suggest potential break-out.
– QQQ: Reflects underlying tech sector strength.

Individual Stock Analysis

NVDA

• Support Levels:
  • $120.00
  • $119.00
  • $118.00
• Resistance Levels:
  • $121.50
  • $122.00
  • $123.00
• Price Action (30-min chart prediction):

  • Expected rally towards $123.00, with initial consolidation around $121.50.

  • Entry Point: Around $120.00

  • Price Targets: $121.50, $122.50, $123.00

  • Stop-Loss: Near $118.00

  • Chart:

    Open full analysis on WaveFinder →

AMD

• Support Levels:
  • $158.20
  • $157.50
  • $156.80
• Resistance Levels:
  • $159.50
  • $160.00
  • $161.00
• Price Action (30-min chart prediction):

  • Likely move towards $160.50 with consolidation near $159.50.

  • Entry Point: Around $158.20

  • Price Targets: $159.50, $160.50, $161.00

  • Stop-Loss: Near $156.80

  • Chart:

    Open full analysis on WaveFinder →

MAR

• Support Levels:
  • $245.00
  • $244.50
  • $243.90
• Resistance Levels:
  • $246.50
  • $247.00
  • $247.50
• Price Action (30-min chart prediction):

  • Expected rise towards $247.00 with initial resistance at $246.50.

  • Entry Point: Around $245.00

  • Price Targets: $246.50, $247.00, $247.50

  • Stop-Loss: Near $243.90

  • Chart:

    Open full analysis on WaveFinder →

BNTX

• Support Levels:
  • $118.00
  • $117.50
  • $116.80
• Resistance Levels:
  • $119.50
  • $120.00
  • $121.00
• Price Action (30-min chart prediction):

  • Expected uptrend towards $120.00 with resistance at $119.50.

  • Entry Point: Around $118.00

  • Price Targets: $119.50, $120.00, $121.00

  • Stop-Loss: Near $116.80

  • Chart:

    Open full analysis on WaveFinder →

QQQ

• Support Levels:
  • $485.00
  • $484.50
  • $484.00
• Resistance Levels:
  • $486.00
  • $487.00
  • $488.00
• Price Action (30-min chart prediction):

  • Likely test to $487.00, with initial resistance at $486.00.

  • Entry Point: Around $485.00

  • Price Targets: $486.00, $487.00, $488.00

  • Stop-Loss: Near $484.00

  • Chart:

    Open full analysis on WaveFinder →

By focusing on these levels and monitoring the volume profile, traders may find favorable opportunities for short-term momentum gains.