Zak Mir takes a charting look at S&P 500, Nasdaq 100, Dragonfly, Evaxion, Fossil, Generation Income, Mawson, Pinnacle, iRobot, Sana, Soluna, and Veritone.
The market shook off the late-week rug pull, and a number of charts are now back on track. Below, I walk through the key index levels, RSI clues and individual-stock setups, targets and risk levels I’m watching over the coming weeks.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Market overview: S&P 500 and Nasdaq 100
The S&P managed to negotiate its way out of last week’s rug pull and is not far off early-month levels. The intermediate view is constructive while the index stays above 6,650. For me to be fully comfortable with a continued leg higher I want to see an end-of-day close through 6,700 — that would increase the odds of a run toward the top of the April rising trend channel, potentially as high as 6,930 by the end of next month.
““There’s been an RSI 50-plus rebound there which could be a decent leading indicator for this market in coming days.””
Key risk levels: the 50‑day moving average sits near 6,550 (post‑September support). Interestingly, despite the rug pull we didn’t actually test that line — the market showed relative strength.
The Nasdaq is similarly resilient. It didn’t drop to the 24,000 area or to its 50‑day (24,078) and also shows an RSI 50 rebound. Near-term targets: a move toward 25,500–25,700 by the end of this month, and potentially up to 26,400 by the end of next month if the April channel continues to hold.
Stocks on my radar
Below are the setups I’m watching, the important technical trigger levels and target zones. I use a mix of moving averages (50‑ and 200‑day), RSI behaviour (50 level rebounds) and rising trend‑channel projections to set expectations.
Dragonfly Energy Holdings Corp. (DFLI)
We hit the second target and now look for the next leg up. The chart retraced earlier this month then bounced above the falling 200‑day and the rising 50‑day line, supporting a second spike. Key levels:
- Support: stay on the right side of the previous target ($1.63).
- Next target: a push toward $3.00 — possible by the end of this month if momentum holds.
Evaxion A/S (EVAX)
Nice U‑shaped turnaround and a gap through old resistance near $10. While above $10 the wide rising channel suggests a sizable upside target:
- Target: $18–$19 by the end of next month (top of the May rising channel).
- Risk: maintain position while price remains above the $10 breakout level.
Fossil Group, Inc. (FOSL)
Fossil recently hit the top of its rising trend channel (target $4.15) and has pulled back. The ideal action is a base around the mid‑channel that leads to another leg higher.
- Support: near $3.50.
- Target: $4.00+ back toward the channel top by the end of this month.
Generation Income Properties, Inc. (GIPR)
Gapped through the 200‑day moving average earlier this month and registered an RSI 50 rebound — a constructive setup.
- Support: stay above the 200‑day ($1.45).
- Target: top of the channel around $2.70 by the end of this month.
Mawson Infrastructure Group Inc. (MIGI)
This one has already done well — the second target ($1.87) has been hit. While above the initial October resistance ($1.23) the next logical objective is a retest of the $2.00 area, which is also the top of the one‑year range.
- Price action so far: second target cleared.
- Next target: retest $2.00.
Pinnacle Food Group Limited (PFAI)
Pinnacle’s second target ($4.70) has been met. That gives us a clean win but raises the question of the next objective.
- Near support/resistance: the $4.80 zone is important — getting back above it would be constructive.
- Stretch target: $7.00 by the end of the year if momentum continues.
iRobot Corporation (IRBT)
iRobot has broken above the 200‑day for the first time since September — a bullish technical event. The 200‑day sits near $4.60.
- Support: the 200‑day ($4.60).
- Target: toward the top of the rising channel around $9.00 by the end of next month.
Sana Biotechnology, Inc. (SANA)
Sana remains in a rising trend channel and is heading for the channel top. It’s trading above recently broken resistance ($5.45), which supports a favourable risk/reward.
- Target: $9.00+ by the end of next month while above $5.45.
Soluna Holdings, Inc. (SLNH)
Soluna produced a bull/mid‑move breakout through the $3.50 area. Price registered a double RSI 50 rebound accompanying the move — that’s a positive sign for follow‑through.
- Target: third channel target up near $5.10 — hoping for this in the coming days, certainly before month‑end.
Veritone, Inc. (VERI)
Veritone cleared the second target ($7.17) and that opens the door to a fresh leg higher. The upper parallel of the channel projects toward $11.00.
- Condition: remain on the right side of the second target area (basically above $7.00).
- Target: upper channel toward $11.00 by the end of this month if momentum persists.
Putting it all together
The technical pulse across indices and many of these names is constructive — RSI rebounds and moves above key moving averages are the common theme. For the S&P and Nasdaq, I want to see confirmation by way of a close through important levels (6,700 on the S&P and continued holds above the Nasdaq 50‑day) before turning more aggressive on the upside.
On individual names, watch the breakout supports (200‑ and 50‑day moving averages, prior resistance turned support) and manage risk around those levels. Targets range from near‑term (end of this month) to next month and, in a couple of cases, toward year‑end objectives.
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
