Zak Mir takes a charting look at S&P 500, Nasdaq 100, Agrify, Aethlon, AquaBounty, Caliber, Fathom, Gryphon, Ineo, Masterbeef, Offerpad, Pitanium.
In this update I walk through the S&P 500 and Nasdaq 100 technicals, then run through a batch of small- and micro-cap names I’m watching right now. Below you’ll find the levels I’m watching, upside targets, and the key support areas that would change the view.
Market snapshot
The broader market remains constructive after a positive RSI trend-line break. Momentum indicators are signaling follow-through, and several major indices are trading in rising channels established back in April. That gives us a clear framework: as long as price stays above the near-term support levels, the bullish path remains the base case.
S&P 500
- Technical cue: RSI trend-line break through 62 — a leading indicator to the upside.
- Resistance / upside: Top of the April channel near 66.30 (slightly above that area).
- Near-term reference: Staying above the April channel floor around 64.15 keeps the bullish case intact.
- Downside risk: Worst case is a test of the 50-day line near 63.06, but the index hasn’t been below that since May, so a deep pullback seems less likely at the moment.
““RSI trend line break through 62 — we flagged that before, and the market pushed on well after breaking that.””
Nasdaq 100
- Near-term goal: Another attempt toward the 24,000 area inside a rising channel from April.
- Channel targets: Top of the channel points to 24,500; best-case projection over the next month or two is roughly 25,700 (the January resistance projection).
- Support: Don’t expect anything worse than the August support area near 22,600 in the near term.
Stock watchlist — levels, setups and targets
Below are the individual setups I discussed, with the technical formations, key levels, and my directional bias for each name.
Agrify
- Setup: Broke recent resistance around $35.
- Upside: Looking for the top of the rising trend channel and the old November peak — a target in the neighborhood of $80, possibly as soon as the end of next month.
- Risk management: Consider tightening a trailing stop toward $37–$38 (former resistance on the way down from December) after a break and move higher.
Aethlon Medical
- Setup: Second-time breakout attempt with a V-shaped flag resting on the now-rising 50-day line; RSI rebounded through 50.
- Upside: Expect a retest of the $2.70–$2.80 zone by the end of next month if the structure holds.
- Invalidation: A daily close back below the old June resistance near $1.94 would weaken the thesis.
AquaBounty
- Setup: Cleared resistance near $1.25 intraday, briefly retraced but remains above former November resistance around $1.06.
- Target: Main retest around $1.60 is the next logical level, ideally by the end of next month.
Calibre
- Setup: Broadening triangle base in place.
- Upside: Top of the triangle near $5.16 is a likely short-term objective, particularly while price holds above broken June resistance $4.20.
Fathom
- Setup: Pullback from the top of the channel toward $3.10.
- Thesis: While price remains above resistance-turned-support near $2.05, expect a move back to $3+ over the coming weeks.
Gryphon Digital
- Setup: Rising trend channel is intact.
- Upside: Top of the channel points toward $2.50.
- Risk/reward: Recent broken resistance around $1.50 provides a clear reference — a tidy risk/reward opportunity if the channel holds.
Ineo
- Setup: Broadening triangle with the top around the 200-day line near $1.64.
- Risk management: Keep an eye on the 50-day line around $1.08 — a close back below that would undermine the pattern.
- Note: Remaining above $1.20 would be ideal for the bullish view, though that may be optimistic depending on price action.
Masterbeef
- Update: The recent target around $10.80 has been hit.
- Next objective: If momentum continues, I’m eyeing $60+ as the top of the 2025/July range — a high reward target if the breakout follows through.
Offerpad
- Setup: Broke the key $5 resistance on the second attempt.
- Targets: Triangle top toward $7 in the coming days; the upper parallel of the triangle points toward the $9+ area as a longer-term target (end of next month) while price stays above $5.
Pitanium
- Setup: Trading in a compact range roughly $1.20–$2.20 and nudging through the top of that range.
- Confirmation: A clean close above $2.20 would open the path toward the $4–$5 area — an older resistance zone and the region of the 50- and 200-day moving averages.
- Technical note: RSI back above neutral 50 and a close above $2.20 would be a useful confluence for the bullish case.
Wrapping up
The broad market technicals are supportive right now — RSI momentum and rising April channels make the upside the path of least resistance for both the S&P and Nasdaq. On the individual names, I’m focused on clear breakout confirmations, support levels to protect against downside, and reasonable targets based on channel tops and prior resistance. I’ll have more updates across the weekend as price action unfolds.
If you found these setups useful, keep an eye on the charts and protect positions with sensible stops around the levels noted above. More updates to follow.
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.
