Zak Mir takes a charting look at S&P 500, Nasdaq 100, ARB, Bakkt, Boxlight, Diginex, Kodiak, Nvni, Oriental Rise, Qualigen, Soluna, Skyline.
Below you’ll find the highlights, trade triggers, and what needs to hold for each setup to remain valid.
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 is pushing higher toward the top of its rising trend channel — a zone I’m watching around 6,770. Price action has been strong recently; RSI is overbought, but not yet a reason to expect an immediate reversal so long as the index remains above recent broken resistance near 6,625.
- Primary target: 6,770 (top of the rising channel)
- Invalidation / key support: daily close back below 6,625 would be a warning
- Timeframe: looking for this move by the end of next month (possibly sooner)
Nasdaq 100
The NASDAQ 100 is stretching toward the top of its rising channel from April — that zone sits around 25,000. If it can clear that, the next objective is 26,000 and a projection of a late-January resistance line. On the downside, holding above the old resistance near 24,000 keeps the bulls in charge.
- Primary target: 25,000 (top of the channel)
- Extended target: 26,000 (and late-January resistance projection)
- Key support: 24,000 (recent broken resistance turned support)
Stocks to watch
Below I cover the individual names I discussed — what’s broken, what’s next, and the specific price levels that matter.
ARB IOT Group Limited (ARBB)
- Action so far: First target hit ($9.20).
- Next target: top of the triangle / range toward $18.00.
- Condition: bullish while price remains above the broken resistance from March.
- Timeframe: target achievable by end of next month.
Bakkt Holdings, Inc. (BKKT)
This produced a classic bear-trap island reversal, gapping back through the 50-day moving average (I’m calling that roughly $12). Bear-trap island reversals usually imply a strong rebound on the right-hand side.
- Trigger/near-term: an end-of-day close back above the 200-day line (~$14.96) would be a clean bullish trigger.
- Target: top of the rising trend channel — as high as $19 by the end of next month.
Boxlight Corporation (BOXL)
“We’ve blown the lights out” is an appropriate description here — the stock has exceeded the initial target and is showing strength.
- Primary objective reached: $4.40 target achieved.
- Next level: the upper parallel of the rising trend channel around $6.00 — ideally this holds as support on any pullbacks.
Diginex Limited (DGNX)
This name established a rising trend channel and is riding on top of that structure.
- Key pivot: recent broken resistance near $14.70 (peak $14.59).
- Target: up to $26 while remaining above that broken resistance.
- Avoid: daily close back below yesterday’s support ($15.70) would weaken the setup.
Kodiak Sciences Inc. (KOD)
- Action so far: Broke a previous target around $13.80.
- Target: upper parallel of the rising channel from March — as high as $19 by the end of next month.
Nvni Group Limited (NVNI)
NVNI has broken out through the top of its channel (the breakout was around $1.05). The best-case rally is if it can stay above the 200-day line ($1.13).
- Primary breakout: $1.05 (the breakout level)
- Target: upper parallel of the rising channel — perhaps up to $2.20 by the end of next month (or sooner).
- Condition: stay above the 200-day ($1.13) for the strongest move.
Oriental Rise Holdings Limited (ORIS)
A poetic name and a poetic chart so far — the stock gapped through the 50-day moving average ($0.18) and is tracking toward the top of its channel.
- Trigger: above $0.18 (the 50-day breakout)
- Target: up toward $0.32 by the end of next month.
Qualigen Therapeutics, Inc. (QLGN)
Qualigen has been a notable mover: we exceeded the initial target (the top of a falling trend channel was around $3.60) and extended into the top of a broadening triangle near $8.80–$9.00.
- Action: moved up toward $8.80 (top of the broadening triangle).
- Risk / support: ideally does not drop below yesterday’s low ($4.71). A retest down to $4.50 (the April old peak area $4.42) might be acceptable for consolidation.
- Target: retest of the $9 area is a best-case target by the end of next month.
Soluna Holdings, Inc. (SLNH)
Another repeat idea that’s behaving nicely — we beat the initial $1.24 target and are now looking higher.
- Action: clear break above the 200-day moving average happened sharply and consistently.
- Target: upper parallel of the rising trend channel from April — as high as $2.60.
- Key level to hold: the old July peak around $1.70.
Skyline Builders Group Holding Limited (SKBL)
Skyline is approaching the top of its triangle — the setup is valid while price remains above recent broken resistance.
- Target: top of the triangle around $4.20.
- Key support: broken-resistance-turned-support zone roughly $2.78 (recent high was $2.88 on Sept 11).
Putting it together — what to watch next
Across the board, the theme is bullish continuation inside rising trend channels and on breakouts through key moving averages. For each setup I’m watching two things:
- Can price stay above the recent broken resistance / significant moving average (50-day or 200-day) that validated the breakout?
- Does volume and follow-through support a move to the channel’s upper parallel (my typical target)?
Remember: levels matter — a daily close back below the support pivots listed above typically weakens the setup and calls for reassessment.
Final thoughts
We’ve seen a number of names outperform their initial targets this week, which is encouraging. My preferred horizon for the targets discussed is “by the end of next month,” though I often see these moves play out sooner. I’ll be watching the S&P and Nasdaq charts closely for the next leg, and will update these names if price action invalidates any of the setups or if new opportunities form.
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.
