Zak Mir takes a charting look at S&P 500, Nasdaq 100, Angel Studios, Datavault, Electra Battery, Palisade, Plug Power, Rail Vision, Ryvyl, Tela, Toro, and US Antimony.
Below you’ll find my read on the S&P 500 and Nasdaq 100, followed by quick, trade-focused notes on Angel Studios, DataVault, Electra Battery, Palisade Bio, Plug Power, Rail Vision, Rival, Tesla, Toro and US Antimony — the setups I’m watching and the levels that matter.
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 constructive despite headline noise — the recent US government shutdown chatter hasn’t derailed the advance. Price is tracking the April channel and is heading toward the channel top around the 6,900 area, a level I think is achievable as soon as the end of this month if the momentum continues.
- Near-term structure: gap-close buy signal already triggered last week.
- Upside target: channel top 6,900.
- Support / rug-pull levels: recent support 6,550; worst-case technical support 6,482 (50-day moving average and channel floor).
- Momentum: RSI has produced another 50+ rebound — that’s still guiding the market higher.
Nasdaq 100
Nasdaq is behaving similarly — advancing toward the top of the April channel near 25,400. Best-case extension would be a run toward the late-January resistance projection around 26,300, provided we stay above the 24,000 zone.
- Near-term target: 25,400 (channel top).
- Stretch target: 26,300 (late-January resistance line projection).
- Key support: 50-day moving average sits near 23,700 — a rug-pull would likely test that level.
Stock watch
Below are the setups I’m tracking right now. For each I highlight the pattern, the trigger/break level, upside target(s) and key support/stop levels.
Angel Studios, Inc. (ANGX)
Pattern: saucer-style reversal forming a base. If the small resistance line breaks, the shares could re-test much higher prices.
- Breakout trigger: roughly $9.20 (clear break above this resistance).
- Primary target: up toward prior highs — around $20 if the breakout holds, possibly by next month.
- Guideline: keep bullish while price holds the new base; use tight risk management below the base.
Datavault AI Inc. (DVLT)
Pattern: broadening triangle. The stock has repeatedly hit the initial target at the triangle top and is ready for a fresh leg higher.
- Initial base/top area: $1.35.
- Upside target: a new leg toward $2.25 — potentially as soon as the end of this month.
- Key level to hold: old May resistance near $1.10 — staying above it keeps the bullish thesis intact.
Electra Battery Materials Corporation (ELBM)
Pattern: another broadening triangle with an RSI50 rebound that preceded the recent rise.
- Key support: recently broken resistance around $1.30–$1.32 — holding above that is constructive.
- Upside target: top of the triangle toward $1.95–$2.00 by the end of the month.
- Momentum: RSI 50+ rebound supports continuation while it holds.
Palisade Bio, Inc. (PALI)
Pattern: choppy chart with erratic spikes. Notable that the latest spike wasn’t sold into — a positive sign.
- Initial upside level: $1.53 target on the first leg.
- Follow-through target: fresh move up toward $2.25 if buying continues.
- Health check: must stay above the 200-day line ($0.95) to maintain the recovery scenario.
Plug Power Inc. (PLUG)
Pattern: V-shaped bull flag — a clean mid-move consolidation that looks ready to break higher.
- Breakout trigger: a push above roughly $3.20 would be a clear breakout.
- Upside target: a move to $4.50, possibly by the end of the month if momentum continues.
- Support to respect: recent broken resistance near $2.50 — staying above keeps the setup valid.
Rail Vision Ltd. (RVSN)
Pattern: break above the 200-day moving average — a simple but important technical milestone.
- 200-day breakout: cleared at about $0.52.
- Next target: the top of the rising trend channel and old February resistance near $0.73–$0.74.
- Risk management: hold above the 200-day line to keep the bullish case alive.
Ryvyl Inc. (RVYL)
Pattern: a classic bear-trap island reversal — gapped down to new lows in July and now gapped back up into the gap area. These setups can be powerful when they work.
- Confirmation needed: an end-of-day close back above the old support near $0.60 would be a bullish confirmation.
- Near-term target: $0.80 by the end of the month if momentum continues.
- Downside stop: an end-of-day close back below yesterday’s support at $0.44 would be a warning; the ultimate stop could be the gap floor at ~ $0.38.
Tesla, Inc. (TSLA)
Pattern: extended bull flag (mid-move consolidation) inside a rising channel. Two unfilled gaps to the upside from 12 and 15 September are open price targets as well.
- Context: Elon Musk’s net worth milestone has the media talking, but the chart itself is the focus here.
- Near-term target: upper parallel of the rising channel near $520 by the end of the month.
- Technical note: the stock has a rising flag and two unfilled upside gaps — a bullish structural picture that suggests limited downside in the near term.
Toro Corp. (TORO)
Pattern: sharp spike and steep rising trend channel — momentum is strong.
- Key level: cleared broken resistance around $3.40 and the initial 2025 resistance near $3.50.
- Upside target: a run toward ~$5.00 by the end of the month if the current channel holds.
- Outlook: strong setup; quick moves are possible, so manage risk accordingly.
United States Antimony Corporation (UAMY)
Pattern: ongoing breakout in a steep rising trend channel. Interest is high given its critical-metal status.
- Current trajectory: aimed at roughly $11 while remaining above the mid-move consolidation floor.
- Key support: the consolidation floor near $6 — holding this keeps the breakout scenario intact.
- Comment: a solid breakout in a commodity/critical-metal name can attract momentum traders — watch volume and channel slope.
Takeaways and trade management
The broad market — S&P and Nasdaq — is still in a bullish posture driven by RSI rebounds and channel momentum. Several small- and mid-cap names on my list show clean continuation patterns (broadening triangles, V-shaped bull flags, island reversals) that offer defined entries, targets and stops.
Key reminders:
- Trade the setup, not the headline. Use the technical levels above for entries, targets and stops.
- Watch the 50-day and 200-day moving averages for the vulnerability points in the indexes and individual stocks.
- Manage risk tightly on speculative names — define your stop and position size before you act.
That’s it for today. I’ll keep monitoring these setups and post updates as price action unfolds. Stay disciplined and trade the chart.
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.
