Zak Mir takes a charting look at S&P 500, Nasdaq 100, Aureus, AirNet, BioXcel, CEA, Equilium, Gamehaus, Matinas, OneConstruction, Tilray, and urban-gro.
In today’s note, I run through the big-picture US indexes and then walk stock by stock through the setups I’m watching. These are technical, chart-driven views: trend channels, moving averages, broken resistances and which levels would confirm the next leg higher (or signal that a trade has gone wrong). Below you’ll find the key levels, targets and the conditions I want to see for each name.
Market overview: S&P 500 and Nasdaq 100
The broad market remains constructive. Both the S&P 500 and the Nasdaq 100 are trading inside well-defined rising trend channels that have been in place since April (S&P) and March (Nasdaq). My approach is simple: as long as price remains above the floor of the channel and above the relevant moving averages, the path of least resistance is higher.
S&P 500
- Current structure: Firmly inside the rising trend channel since April.
- Floor of the channel: 6320 — a good area to look for a better long entry.
- Near-term barrier: The record high near 6427.
- Target: The top of the channel near 6600 — my time horizon is into the end of next month.
Nasdaq 100
- Current structure: Also in a rising channel with a slight pullback recently.
- Key support: Combination of the 50-day moving average (22,600) and the channel floor just above it.
- Target: The upper parallel near 24,000 — a realistic end-of-month target while we remain above the 50-day.
Stocks I’m watching (levels, targets and conditions)
Aureus Greenway Holdings
- Action so far: We nudged the first resistance target, just shy of the $4 mark.
- Key breakout: An end-of-day close above $4 would open up a move toward $6 by the end of next month.
- Risk management: Prefer price to stay above the recent resistance area around $3.50 (the early-August peak) to keep the upside valid.
AirNet Technology
- Action so far: Progressing inside a rising trend channel.
- Key level: Recent broken resistance sits around $2.90 — staying above that is constructive.
- Target: The channel top near $4.50 by the end of this month.
BioXcel Therapeutics
- Action so far: We’ve hit an initial target near $3.60 and cleared the 200-day moving average (around $3.96).
- Resistance cleared: Monday’s resistance was approximately $4.70.
- Target: A swift run toward the upper parallel of the March-based rising channel — as high as $8 by the end of this month while the structure remains intact.
CEA Industries
- Action so far: After a painful pullback the chart shows a W-shaped reversal and an unfilled upside gap through recent resistance.
- Technicals: The RSI bounced off neutral 50 — that’s often a leading sign to the upside. Price has also rebounded above the 50-day moving average.
- Initial target: A partial retracement of the prior pullback — initial upside into the mid-$30s to $40 area is the zone I’d expect first.
- Risk management: Keep an eye on the 50-day as a reference for momentum; a clean move back under recent structural support would force a reassessment.
Equillium
- Action so far: We recently hit a short-term target around the top of a broadening triangle base (near the $13 area).
- Key breakout: An end-of-day close above the recent resistance level (around $7.96 as discussed) would be important for continuation.
- Extended target: If the breakout holds, the chart suggests a much larger leg higher — targets into triple digits were discussed for the coming weeks — but this is a momentum-dependent move and needs the close-above confirmation.
Gamehaus Holdings
- Action so far: A bear-trap reversal — gapped down last month and gapped up this week — which is a bullish reversal pattern.
- Key support: Keep above July resistance near $1.78 for the bullish case to remain intact.
- Target: The channel’s upper parallel near $3 — a reasonable target by the end of this month (or more cautiously by the end of next month).
Matinas BioPharma Holdings
- Action so far: Trading inside a rising trend channel with a channel floor around $0.90.
- Key support: The floor near $0.90 is the short-term anchor; an old spike resistance near $1.40 is a logical stop level on moves higher.
- Target: A run toward the channel top around $2.10 by the end of this month, provided the channel holds.
OneConstruction Group
- Action so far: Price gapped up inside a rising trend channel originating in March.
- Key support: Recent pullback support sits around $8 — staying above that helps the bullish thesis.
- Technicals: The shares have bounced above a rising 50-day moving average and RSI has shown a rebound from the 50 level — both constructive.
- Target: The channel top near $14 by the end of this month while structure stays intact.
Tilray Brands
- Action so far: A solid turnaround pictured by an inverted head-and-shoulders and a cup-with-handle-like shape — plus an island/bear-trap reversal (gap down, then gap up).
- Breakout: Neckline resistance near $1.17 has been cleared.
- Intermediate target: The upper parallel of the resistance line suggests targets into the $1.80+ area; I’m looking for a fresh leg higher potentially toward the $1.80 + zone by the end of next month, with the 200-day ($1.18) being a notable technical hurdle earlier on.
- Risk management: The bullish view remains valid while price stays on the right side of the $1 level.
urban-gro
- Action so far: Setting up in a potential rising trend channel.
- Key resistance and support: The channel top sits just north of the 200-day moving average ($76), and recent resistance near current levels ($45) acts as the breakout pivot.
- Target: Push toward the channel top north of $70 by the end of next month while remaining above recent resistance on an end-of-day close.
How I’m reading these setups
My focus is simple: identify where price structure and momentum line up. That means:
- Trade the trend while the trend is clean — rising channels and moving averages in support.
- Use broken resistance as new support — I want to see end-of-day closes above those levels to confirm continuation.
- Have clear invalidation levels — if a name drops back under its recent support or the channel floor, step back and reassess.
“Keep trades small and let momentum do the heavy lifting — the setups that combine trend channels, RSI rebounds around 50 and moving-average support tend to produce the strongest follow-through.”
Bottom line
The overall bias remains bullish as long as the indexes remain in their rising channels and key moving averages hold. I’m watching the S&P’s floor (6320) and the Nasdaq’s 50-day (22,600) closely for potential better entries. For each stock above I’ve outlined the levels
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.
