Zak Mir takes a charting look at S&P 500, Nasdaq 100, Cuprina, Creative Global, Classover, Everbright, EPWK, Oracle, Pitanium, reAlpha, Springview, and Skyline.
Below, I summarize the key levels, technical signals (RSI, moving averages, trend channels), and my near-term targets and cautions so you can see where the upside and downside risks sit heading into the rest of the month.
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
S&P 500
The S&P remains well-contained inside a rising trend channel that began in April. Price action has been constructive — higher highs and higher lows — and we’ve cleared RSI resistance around the mid-60s, which had been a short-term hurdle.
- Near-term upside: channel top around 6,700 (initial target). I had been looking for 6,510–6,700 by the end of next month; momentum suggests we could get there by the end of this month.
- Momentum signal: three solid RSI rebounds above 50 and a break of the RSI resistance line at 62/100.
- Downside guard: the floor of the channel sits near 6,370; worst-case on a pullback is back toward 6,200 (post-July support).
- Action point: maintain long bias while price stays in the rising channel; watch for an end-of-day break below channel support to reassess.
Nasdaq 100
The Nasdaq 100 is “knocking on the door” of previous targets. The top of the April channel is as high as ~24,800, with a more ambitious extension toward 26,000 (late January resistance) if momentum accelerates.
- Near-term upside: 24,800 is a reasonable target by the end of this month; 26,000 is the best-case into next month.
- Momentum signal: RSI around 60 with a nearby resistance line at 61–62 — clearing that could spark acceleration.
- Action point: watch for an RSI break above that 61–62 level to confirm an extension higher.
Stock watchlist — levels, setups and targets
Cuprina Holdings
Cuprina suffered a sharp pullback (a rug pull), but recent price action shows that the old resistance has become nearby support.
- Key support: $1.40 — the level to hold on an end-of-day close.
- Upside target: initial retest toward recent resistance near $2.45 if $1.40 holds.
- Risk: if $1.40 breaks on a daily close, be prepared for lower prices.
Creative Global
This name has a familiar falling-channel setup, but recent action shows a gap up and a bear-trap reversal back into constructive territory.
- Support to watch: former resistance near $0.65, now acting as support.
- Targets: first major retest $1.15 (top of the June falling trend channel). More conviction if we close above the 50-day moving average ($0.90).
- Momentum: RSI cleared neutral 50 for the first time in 6–8 weeks — bullish sign. The key remaining confirmation is an end-of-day close above the 50-day line.
Classover
This chart looks better than some others — we closed back above the 50-day line, which is constructive while price remains above it.
- Near-term targets: initial target is the 200-day line around $3.30; broader quarterly trend channel top near $4.00 by the end of next month.
- Support: the $1.90 area (50-day) is the level to stay above for the bullish case to remain intact.
- Momentum: bounces from oversold (RSI 30) have helped the recovery so far.
Everbright
Everbright experienced a sizable gap down in July followed by a gap up — classic island/bear-trap type action. We’re watching nearby support and resistance to judge the next leg.
- Support: recent support near $0.62.
- Target: retest of the 50-day moving average around $1.42 over the coming weeks is the early objective.
- Action: if price stays above the recent support, look for further strength into the 50-day line.
EPWK Holdings
EPWK has shown a dynamic rebound with a bear-trap move from below prior support at $0.41.
- Targets: look for the top of the triangle near $0.70 over the next few sessions.
- Moving averages: the 50-day line is rising near the lows — typically a positive technical sign.
- Momentum: RSI has broken above 50, supporting a push to the triangle top.
Oracle
Oracle continues to show strong, sustained upside — a rising trend channel since last September is pointing toward higher levels.
- Channel target: rising channel suggests a path toward $420.
- Support: holding the $300 area keeps the bullish thesis intact in the near term.
- Note: expect occasional tests of support, but the broader trend remains bullish while price stays above the $300 zone.
Pitanium
Pitanium has been a favorite recently. We already hit the first main target (200-day line) and are now looking at larger retracement targets.
- Targets: initial target was $4.40 (200-day line). The more ambitious objective is a full retracement back toward $14.00 if we push higher and remain above $7.00.
- Action: keep an eye on the $7 level — staying above it keeps the extended target feasible.
reAlpha Tech
reAlpha broke out of a falling channel by clearing recent resistance around $0.45.
- Near-term target: retest of July resistance near $1.00, with a best-case up to the top of the channel ($1.20) by the end of the month.
- Action: a daily close above $0.45 confirms the breakout; look for momentum to carry toward the $1 area.
Springview Holdings
Springview tickled the top of a falling channel ($0.81) and looks set for further attempts at upside as long as it stays above recent broken resistance.
- Key level: remain on the right side of $0.60 on an end-of-day close for the bullish case.
- Setup: bear-trap gap reversal in play — multiple attempts at upside are likely while support holds.
Skyline Investment
Skyline recently exceeded our falling-channel target and cleared the 50-day line ($1.70).
- Targets: the top of a rising triangle projects up to about $3.90 by the end of this month — a punchy but actionable target given the breakout and moving-average support.
- Action: as long as price stays above the 50-day line, the triangle target is viable.
Quick notes and risk management
- RSI and moving averages are central to these setups — a push above RSI ~61–62 on the major indices could fuel another leg higher.
- End-of-day closes matter: many of these bullish scenarios require holding key support levels on a daily close basis (examples: Cuprina $1.40, Creative Global 50-day close, Springview $0.60).
- Timeframes: most targets are near-term (end of this month to next month). Adjust position size and stop-losses accordingly.
“”We could get that by the end of this month, especially given the way that we’ve had these three major RSI 50-plus rebounds.””
Conclusion
Overall the tape is constructive — indices remain inside rising channels with room to run if momentum holds, and several individual names are at interesting inflection points after bear-trap reversals or breakouts above moving averages. Keep an eye on the RSI break points and daily-closing support levels listed above. I’ll have more updates tomorrow as price action unfolds.
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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.
