Zak Mir takes a charting look at S&P 500, Nasdaq 100, Check Cap, Datavault, Femasys, GigaCloud, GrowGeneration, Holley, Innventure, Eastman Kodak, Puma, and QVC Group.
We are seeing clear price-channel rebounds across the major indices, and several individual stocks are flashing bullish setups around key moving averages and broken resistance levels. Below I walk through the S&P 500 and Nasdaq 100 first, then run through the stocks I am watching closely with price levels, key support and resistance, and my targets for the weeks and months ahead.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
S&P 500
The S&P looks set for a textbook price channel rebound. Pre-market we were trading roughly 6,795 versus the prior close at 6,728, and the bounce landed almost exactly where I wanted it to. The 50-day moving average sits around 6,670, and the RSI is just below neutral 50 rather than sitting at it. That keeps traders on their toes and avoids the market being too easy.
Key levels and outlook
- Short-term support: 50-day moving average near 6,670
- Key upside trigger: end-of-day close above 6,800
- Target if triggered: move up to channel top around 7,000 by year end
- RSI: still below 50 but consistent with past dips; watch for a push above 50 to confirm strength
Nasdaq 100
The Nasdaq 100 shows a similar picture. It bounced off the floor of the rising April trend channel, near the 50-day area. The intraday low was around 24,600 to 24,700, so nothing dramatic.
Key levels and outlook
- Short-term support: 50-day moving average area, roughly 24,700
- Key upside trigger: end-of-day close above 25,500
- Target if triggered: push toward 27,000 by the end of the month or at least by year end
- RSI: dips often go below neutral 50; the effective bounce zone has been nearer 45 on prior pullbacks
Stocks to Watch
Below are the individual names I am tracking. For each I note the technical setup, where the 50-day line and broken support/resistance sit, and my near-term and medium-term targets.
Check-Cap Ltd. (CHEK)
Check Cap gapped up earlier and then pulled back. The fact it was too strong to fill the gap is typically a bullish sign and suggests some buying power left over the next few days.
- Floor of the rising channel: about $1.15
- Recent low on Thursday: $1.21
- Key resistance on the way down: roughly $1.48
- Target: toward the top of the range near $2.50 by the end of next month if it holds above resistance
- Risk: I do not expect it back below the channel floor around $1.27, but keep stops tight
Datavault AI Inc. (DVLT)
I have looked at Datavault a lot recently. It has produced a 50-day moving average rebound and a nice key reversal to the upside on Friday.
- 50-day moving average: about $1.41
- Target: next level up around $2.30 by the end of this month
- Technical note: Friday gave a solid reversal but RSI still needs to get back above neutral 50 to confirm the move
Femasys Inc. (FEMY)
Femasys keeps looking strong. We are close to a short-term target and the pattern has shown repeated RSI 50-plus rebounds and a final flick at the end of last week.
- Short-term target: about $1.17 within the next week or so
- Ambitious year-end target: I am quietly looking for around $1.80 by year end
- Technical note: repeated RSI rebounds a good sign; momentum looks favorable
GigaCloud Technology Inc. (GCT)
GigaCloud remains in a rising trend channel. We did overshoot below the 50-day line briefly but have rebounded back above it.
- 50-day moving average: roughly $27.60
- Target: up to $45 at the top of the rising channel by the end of next month
- Note: the overshoot acted as a bear trap and helped clear weaker hands
GrowGeneration Corp. (GRWG)
GrowGeneration also showed a short overshoot below the channel floor but remains technically healthy as it sits back above the 50-day line.
- 50-day moving average: about $1.65
- Target: toward the top of the channel near $2.20 by the end of this month
- Note: the overshoot is typical and often precedes a strong rebound
Holley Inc. (HLLY)
Holley is in a rising trend channel and could make a quick run if it holds above recently broken resistance.
- Broken resistance to hold: $3.47 on an end-of-day close basis
- Target: top of the range around $4.20 in the coming days if the breakout holds
Innventure, Inc. (INV)
InnVenture has produced a clean breakout through a neckline near $3.70. That takes it above the falling trend channel and points to a larger recovery.
- Neckline resistance cleared: $3.70
- Target: toward the top of the falling trend channel and the 200-day moving average near $5.80 by the end of this month
- Technical note: looks like a proper bear trap; also bullish divergence with higher RSI despite lower price lows in October and November
Eastman Kodak Company (KODK)
Kodak has now broken recent resistance and looks constructive. The setup feels almost nostalgic but the charts speak for themselves.
- Broken resistance: around $7.20
- Target: $9 by the end of this month
Puma Biotechnology, Inc. (PBYI)
Puma is in a rising trend channel after a bear-trap style rebound from below the 50-day line.
- 50-day support: roughly $5.01
- Target: toward $7.80 at the top of the trend channel by year end
QVC Group Inc. (QVCGA)
QVC has had a dramatic run and then a sharp decline back to the uptrend line from July. Keeping the $6 area intact is the key here.
- Uptrend line support: around $6
- Target if it holds above $6: move back toward the 200-day moving average near $9.12
- Note: even if it gaps and pulls back, staying above $6 keeps the medium-term bullish case alive
Final Thoughts
Overall, the indices are staging solid channel rebounds and a number of individual names are showing classic technical recoveries: 50-day moving average bounces, cleared resistance acting as new support, and occasional bear-trap overshoots that shake out weak hands. Watch the key end-of-day levels I noted for the S&P and Nasdaq, and for stocks keep an eye on the 50-day lines and recent broken resistance levels. I will post more updates tomorrow as price action develops.
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.
