Zak Mir takes a charting look at S&P 500, Nasdaq 100, Big Tree, CalibreCos, Epsium, iSpecimen, Kindly, Mixed Martial Arts, Patinum, QMMM, 707, Uni-Fuels.
Below, I walk through the setups I’m watching, the key support/resistance levels, RSI behaviour and the reasonable targets (and worst-case levels) I’m using for trade planning.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Market overview — S&P 500
The S&P remains inside a rising trend channel that’s been in place since April. At the lower edge we’ve got the channel floor and the 50-day line sitting roughly around the 6,363 area, while the upside of the channel projects as high as 6,710 by the end of next month (best-case I’d like to see that sooner, ideally by the end of this month).
- Short-term momentum: RSI is set up nicely but has been held by a resistance line from late July around RSI 62. We’ve failed to break that in the last few sessions.
- How I’m trading it: Dips toward the channel floor (6,363) are regarded as buying opportunities.
- Worse case: If we get a deeper pullback, the main support to watch is 6,200.
Market overview — Nasdaq 100
The Nasdaq 100 is gingerly approaching a major 24,000 barrier and the top of its April–onward channel (the channel top projects up toward the 24,900–25,000 zone). Price has produced three recent RSI rebounds just below neutral 50 — not ideal but still constructive — and the 50-day line sits roughly in the 23,200–23,500 area.
- Near-term target: A push toward the 25,000 zone this month is plausible.
- Extended projection: If momentum continues, the late-January resistance projection points toward ~26,000 by the end of next month.
Stock spotlights
Below are the individual stock setups I covered — concise trade notes, the levels I’m watching and what would invalidate the bullish idea.
Big Tree Cloud
Big Tree cleared a rising trend channel and ran up toward a potential target around $450 before pulling back hard.
- Support to watch: $2.30 area (previous resistance turned support).
- Worse case: A retest of the 200-day line around $1.77.
- Gameplan: Looking for a turnaround back above the $2.00 handle on shorter timeframes and strength through the $2.30 area to resume higher targets.
CaliberCos
Shares had been trading inside a broadening triangle with an ambitious target near $7.50. The top of that triangle was around $5.30 — price sliced through it and spiked aggressively.
- Reaction: Yesterday’s spike looked like a classic one-day exuberance; we need to see how much of that holds.
- Key level on pullback: 200-day line approaching $7.50 (on my read of the chart).
Epsium Enterprise
Epsium had a rising trend channel targeting the $48–49 zone and then surpassed that toward an April resistance level near $113 and an even higher near-term high at $155.
- Near-term: Above the $113 pivot, a retest of $155 (perhaps up to $160) is possible before momentum eases.
- Watch: Failure to hold above the channel floor would reduce the bullish edge.
iSpecimen
iSpecimen exceeded the old channel top ($1.85) and had a next objective toward $2.60. Price has pulled back toward the $1.85 area.
- Important levels: Keep on the right side of the 200-day line ($1.72) to maintain the bullish thesis.
- Target: A move back toward $2.50 by the end of the month is the scenario I prefer if support holds.
Kindly MD
Kindly doesn’t get much coverage, but it’s turned bullish again — showing a break back above the old $5.70 support from early last month.
- Target: Looking for a retest of the $15 area (earlier August resistance and post‑June resistance).
- Momentum note: RSI needs to reclaim neutral 50 to round out the bullish case; it’s close.
- Keep in mind: The longer the shares stay above the August support, the better the outlook.
Mixed Martial Arts Group
MMA has produced several spikes in the past year; this is another of those setups. The nominal target sits near $2.
- Support: Ideally price holds above the 200-day line ($1.06).
- Plan: If support holds, I’m looking for a run back toward $2.
Pitanium
Pitanium has been wrestling with its 50-day line (around $3.63 in the chart I’m watching). Staying above that moving average is critical for the bullish path.
- Key level: 50-day line ($3.63).
- Target: Old support on the way down near $6.90 is a level to monitor as the shares aim higher by the end of the month, provided they stay above the 50-day.
QMMM Holdings
One of the more satisfying calls recently — we had lower targets in place ($9 and a best case around $14.50) but the stock surprised to the upside with a massive move (yesterday’s high was well above our initial targets).
This is a classic example of a call blowing past expectations — always good to see the charts vindicate the setup.
707 Cayman Holdings
707 shows a bear-trap reversal pattern: a key downside gap and reversal last week followed by a gap up. While price remains above the floor of that upside gap (about $0.57), the setup is valid to the upside.
- Stop: A break below the gap floor ($0.57) would undermine the reversal.
- Target: Potential to head back toward the late‑August resistance near $1.50 if strength continues.
Uni-Fuels Holdings
UniFuels looks constructive after clearing initial September resistance (around $7.60). The breakout points toward the top of the May channel — a lofty edge case target as high as $15.00 by the end of the month if momentum holds.
- Watch: The breakout through the September resistance needs follow‑through to keep the bullish case intact.
Final thoughts
Overall, the indices remain inside their uptrends with constructive RSI dynamics, though both need to clear key short-term resistances to keep the momentum flowing. On the individual names, we have a mix of classic breakout re-runs, one-day spikes that need to prove themselves, and a couple of clean bear‑trap reversals that offer defined risk/reward.
Trade with defined levels in mind: identify your support invalidation (stop) first, and let the charts guide you on position sizing. I’ll be back with more chart updates tomorrow — see you then.
“— Zak Mir, USA Chartbreakers”
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.
