Zak Mir takes a charting look at S&P 500, Nasdaq 100, Aehr, Darkiris, Fathom, GoPro, HeartCore, HCW, Inno, Lexaria, Nvidia, SuperX, Tharimmune, Wellgistics.
In this update I walk through the major index structure (S&P and Nasdaq) and review a selection of individual stocks I’m watching closely: Aehr, Darkiris, Fathom, GoPro, HeartCore, HCW, Inno/Holdings, Lexaria, Nvidia, SuperX AAI, Tharimmune, and Wellgistics. Below you’ll find the key technical levels, short-term targets and the trade cues I’m using
Market overview
S&P
The S&P remains inside the rising trend channel that’s been in place since April. The channel floor / late-April uptrend sits around 6,380. Since early May support has generally been at or above the 50-day moving average (currently 6,277), and RSI support has typically held at or above the neutral 50 level (only one dip earlier this month).
- Near-term trigger to the upside: an end-of-day break above recent resistance 6,480.
- Preferred trade: buy dips toward the floor of the channel / uptrend (6,380).
- Target: 6,600+ by the end of next month if the structure holds.
Nasdaq
The Nasdaq showed a bearish divergence which led to a minor breakdown, but it found support above the 50-day moving average and the initial August support level (22,500). That support combo is important.
- Base support: 22,500 and the 50-day MA (watch for mid 22,000 as a broader downside limit if weakness develops).
- Near-term target: 24,400 by the end of next month.
- Best-case projection: up to the late-January resistance projection near 25,700.
Stock watch — setups, levels and targets
Below are the charts and setups I’m following. For each name I list the trade cue, critical support/resistance and the target I’m watching into the end-of-next-month timeframe.
Aehr Test Systems
Price has gapped up again (second gap in two months) and is tracking a clear rising channel. As long as we stay on the right side of the recent broken resistance at $21, upside toward the top of the channel ($35) is likely by the end of next month.
DarkIris
Darkiris has formed a rising trend channel since the beginning of the month. The top of that channel looks to be around $10.
- Key support: hold above recent broken resistance near $5.30 (ideally stay above $6.50—the mid-range of recent price action).
- Target: $10 by the end of next month while the channel holds.
Fathom
Fathom has carved out a rising channel where intraday resistance from yesterday is acting as the near-term base. The chart also shows an uptrend line in the RSI window, which gives the pattern a stronger backbone.
- Key support: remain above recent broken resistance in the $1.75 area.
- Target: move toward the channel top by the end of next month while the trend and RSI support remain intact.
GoPro
GoPro has broken out through recent resistance near $1.50. That breakout sets up a retest of last month’s higher resistance around $2.20 and the top of the longer channel that started in July last year.
- Trade plan: look for continuation and a retest toward $2.20 by the end of next month.
HeartCore
This name has come up a few times. It’s in a rising trend channel with a near-term top toward about $2. The important trade cue is staying above the recent broken resistance from March—around $1.10 on an end-of-day close basis.
HCW
HCW is interesting: it formed a broadening triangle base, gapped up through a now-rising 50-day moving average and cleared recent resistance around $4.90.
- Key support: hold and consolidate above the 50-day MA (currently 4.35).
- Target: up to $10 by the end of next month if consolidation above the 50-day holds.
Inno Holdings
Recent action has been vertical to the upside through the 200-day moving average ($3.77). With that breakout, the next reasonable target is the old resistance from May—roughly in the $7.30 area—so long as price remains above the 200-day line, which is the key support here.
Lexaria Bioscience
Lexaria is forming a broadening triangle. The top of that triangle is near $1.27, with initial August resistance around $0.92–$0.93 serving as the pivot point.
- Trade cue: stay above the initial August resistance ($0.92–$0.93).
- Target: toward the triangle top around $1.27 while structure remains intact.
Nvidia
Nvidia is the market stock of the moment and the imminent company update adds focus. The recent dip found support comfortably above the 50-day moving average ($167). There’s a clear resistance line from late July at $182 that needs an end-of-day close to the upside to confirm the next leg.
- Breakout trigger: end-of-day close above $182. If that occurs, target $205 by the end of next month.
- Support levels: the channel floor ($173) and the 50-day MA ($167) are the downside references.
- Macro cue: the RSI rebounded off 50, which historically supports extended bull runs—this market has been running since the late-April RSI-50 rebound that marked the prior rally start.
Super X AI
SuperX AAI is one of the stronger names right now, despite studies saying a lot of generative AI companies fail. This one is hitting multiple upside targets—I’m watching first, second, third, fourth and possibly a fifth target up to $70 while price stays above recent resistance at $50.
- Trade cue: dips toward the $50 zone are viewed as buy-the-dip opportunities.
- Targets: successive off-chart targets up to $70, with momentum and structure dictating continuation.
Tharimmune
Tharimmune has already beaten a second target ($7) and is above that level. The chart contains a large unfilled downside gap on the left; the floor of that gap ($17) represents a more distant, best-case upside target while the stock stays above the $7 end-of-day close level.
- Note: the $17 gap-fill target is a longer-term/higher target and may take more time to play out.
Wellgistics
Wellgistics is approaching the top of a broadening triangle near $2.10. The trade is valid while the stock remains above recent broken resistance ($1.30) on an end-of-day close basis.
- Target: top of broadening triangle ($2.10) by the end of next month while structure holds.
Trade rules and reminders
- Use end-of-day closes to confirm breakouts or invalidations where I note it.
- Key moving averages matter: the 50-day and 200-day are my primary dynamic support references across these charts.
- RSI behavior (especially rebounds near 50) can signal sustained moves—watch the RSI setup in conjunction with price action.
- Prefer buying dips into established trend support (channel floors, moving averages, recent broken resistance now acting as support).
Conclusion
Overall, the market framework is constructive: the S&P remains in a rising channel, and the Nasdaq has held important support despite a brief divergence-induced wobble. Individual names show a mix of breakouts, channel-based rallies and triangle break setups—each with clear levels to trade from. Keep position management tight, respect the end-of-day confirmation levels I highlight, and look to buy dips into confirmed technical support.
More updates tomorrow.
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.
