Zak Mir takes a charting look at S&P 500, Nasdaq 100, Alset, Beyond Air, Fangdd, Concorde, Maison, NFT, Planet Labs, QMMM, Safe and Green, Talphera.
In this update, I take a charting look at the major US indices and a basket of individual names I’m watching as we move through September. Below, you’ll find the key levels, momentum signals, and price targets I discussed, along with quick trade-management notes, so you can see the setups at a glance.
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 inside a rising trend channel that’s been in place since April. The 50‑day and the mid‑channel line sit around 6,350. On the upside the top of the channel is roughly 6,700 — a stretch, but achievable if momentum holds into next month.
“”If we do get that, then one would expect an acceleration to the upside.””
Momentum evidence: multiple RSI rebounds at or above neutral 50. There is RSI resistance near the low‑60s (around 61) that, if cleared, would suggest further upside acceleration. On the downside, a break below ~6,350 would put the next major support near 6,200 (the post‑July support zone).
NASDAQ 100
The NASDAQ 100 is still trying to clear the 24,000 level. A channel projection from April now points higher — toward ~24,900 — which is the bigger target while price remains above the channel floor and the 50‑day (~23,200). This market has been stubborn, but the structure still favors higher prices while those supports hold.
Individual stock setups
Below are the individual tickers I reviewed, with the chart patterns, key support/resistance, RSI clues and the targets I’m watching.
Alset
- Pattern: Bull flag consolidation resting on recent resistance ($1.67 zone).
- Target: Top of the rising trend channel toward $2.65 in the coming week; ambitious target near $3.00 by the end of next month if momentum continues.
- Key level: Stay on the right side of the old summer peak ($2.00) for the bullish case.
Beyond Air
- Pattern: Broadening triangle base with a bear‑trap reversal — gap down last month, gap up this month.
- Momentum: Gapped up above a rising 50‑day line near the lows, which is constructive.
- Risk management: Consider an end‑of‑day closed stop above $2.93 (the stop reference discussed).
- Target: The top of the broadening triangle up to $6.80 by the end of next month (higher‑risk setup).
Fangdd Network
- Track record: An initial target at $3.45 and a stretch $5+ target were hit.
- Current view: Looking for a new leg up toward $7.60 by the end of this month while price stays above recent broken resistance around $4.00.
- Momentum: RSI 50+ rebound is a good continuation signal following the strong move north.
Concorde International
- Pattern: Broadening triangle base forming since July.
- 50‑day line: Around $4.75 — a key level to hold on an end‑of‑day close.
- Target: Top of the triangle near $7.50 — looking for a retest over the rest of the week while staying above the $4.75 area.
Maison Solutions
- Breakout: Cleared most recent resistance (near $1.17).
- Momentum: Two RSI rebounds above neutral 50 and a curling up 50‑day moving average — a constructive leading indicator.
- Target: Looking toward $1.60 over the course of this month while momentum remains intact.
NFT Limited
- Pattern: Rising trend channel with three recent RSI rebounds at/above neutral 50.
- Key levels: Support to hold around $3.80 (July/September resistance turned support).
- Target: Channel top toward $5.50 into the end of September, offering an attractive risk/reward while above $3.80.
Planet Labs
- Pattern: Second unfilled gap to the upside recently; rising trend channel in place.
- Key level: Recent broken resistance from July around $7.80 should remain support.
- Target: Channel is aiming for the $13 area by the end of next month while above the broken resistance.
QMMM Holdings
- Performance: Blew through the old target at ~$8.80.
- Target: New target raised to ~$15 by the end of this month while price remains above the $8.80 area.
Safe & Green Holdings
- Pattern: Rising trend channel base; recent resistance around $2.35.
- Moving averages: 200‑day line sits just under $1.40 — price cleared this recently.
- Target: First upside objective near $2.40 while staying above the ~$1.40 zone.
Talphera
- Pattern: Broadening triangle.
- Momentum: Recent RSI 50+ rebound pushed the shares higher this week.
- Key levels: Stay above $0.80 (80 cents) for the bullish case.
- Targets: Top of the triangle near $0.88 and then $1.10 by the end of the month if momentum continues.
Trade management and final thoughts
Across these names I’m watching the interaction with moving averages (50‑day and 200‑day), repeated RSI rebounds at/above neutral 50, and clean breakouts from pattern resistance as the primary continuation signals. For each setup, define your stop (end‑of‑day closes are a useful reference), keep an eye on the nearest support level, and size positions to your risk tolerance.
More updates tomorrow — I’ll keep tracking these charts and call out any changes to invalidation levels or fresh targets as they develop.
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.
