Zak Mir takes a charting look at S&P 500, Nasdaq 100, Alset, Appollomics, Boxlight, Conifer, Co-Diagnostics, Flux, Healthy Choice, Kalaris, Splash Beverage, Triller, and Webtoon.
Below I walk through key support and resistance, trend channels, RSI behavior and moving-average levels to watch. Expect concise targets and the conditions that need to hold for those targets 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
- Price has nudged through the 6,600 level and is tracking the rising trend channel that started in April.
- Upside target: the top of that channel (6,780) — a likely target by the end of next month if momentum continues.
- Near-term resistance to stay above: initial September resistance at 6,540.
- Downside risk: a “rug pull” toward the channel floor near 6,400, which also aligns with the 50-day moving average (the blue line).
Nasdaq 100
- Has finally cleared 24,000 after a slow push higher.
- Next target: the top of the April-to-date channel near 24,900 — and if momentum holds, up to 26,000 by end of October.
- Key support: the channel floor and the 50-day moving average around 23,400.
- RSI is not yet overbought, which is constructive for further upside.
Stock-by-stock technical notes
Alset Inc. (AEI)
- We’ve pushed beyond the runway resistance — initial upside target $3.20, then $5.20 if momentum accelerates.
- Multiple RSI rebounds above 50 in the recent past point to strength.
- Key level to hold: stay above $3.80 (recent broken resistance) to give the move more legs.
Apollomics, Inc. (APLM)
- Broke above the $12.20 area; needs to close back above that level on an end-of-day basis to deliver a fresh leg higher.
- Upside target is around $21.00 — a 2024 resistance line and the upper parallel of the broadening triangle that has formed.
- On the downside, staying above $8.20 helps the bullish scenario; ideally remain above $10.00 for conviction.
Boxlight Corporation (BOXL)
- Proper breakout through recent resistance, and importantly it has cleared both the 50- and 200-day moving averages (200-day $2.16).
- Target: the top of the channel near $4.30, which could be reached by the end of next month if the breakout holds.
Conifer Holdings, Inc. (CNFR)
- The name that’s had a lot of coverage — it blew past the original target near $1.40.
- Next upside target: $2.60, possibly by the end of next month or sooner while price remains above the top of that earlier price channel ($1.40).
Co-Diagnostics, Inc. (CODX)
- Rising trend channel in place — top of the channel is around $0.94, which is the near-term target, perhaps as soon as the end of this month.
- Key support to hold: recent broken resistance near $0.52. There have been multiple RSI rebounds above 50 in the past month, which supports the bullish case.
- Also notable: price cleared the 200-day moving average fairly easily.
Flux Power Holdings, Inc. (FLUX)
- Target at the top of the rising trend channel roughly $4.00.
- Important support: the previous resistance on the way down near $2.90 — if that turns into support, a direct move toward $4 is plausible.
Healthy Choice Wellness Corp. (HCWC)
- Sharp break above the 200-day moving average (around $0.62) — a very bullish sign.
- Target: the top of the channel near $2.20, which could be met by the end of next month if we stay above the 200-day line.
Kalaris Therapeutics, Inc. (KLRS)
- After stalling at the 200-day line, the stock is trying again and has cleared recent resistance around $4.75.
- Target: back to the top of the channel established in May — around $7.60 by the end of next month if momentum continues.
Splash Beverage Group, Inc. (SBEV)
- Previous rally attempts have failed, but this time price has cleared the 50-day line ($2.06) and RSI has moved above 50.
- If the breakout sticks, look toward the channel top at $4.50 by the end of October.
Triller Group Inc. (ILLR)
- A broadening triangle pattern is in play. The bullish target here is $2.00.
- Key condition: remain above recent broken resistance around $0.85 to keep the upside scenario intact.
WEBTOON Entertainment Inc. (WBTN)
- We’ve filled the second unfilled upside gap and are targeting $22.50 by the end of this month, especially while price stays above recent broken resistance around $18.50.
- RSI has bounced above the neutral 50 line, which supports further upside even if we see a pullback afterward.
Key takeaways
- Major indices (S&P and Nasdaq) are in rising channels and have clear near-term upside targets if they hold above their channel floors and the 50-day moving averages.
- Several small caps have broken key technical levels (50/200-day moving averages, RSI >50, broken resistance) which suggests a number of actionable setups.
- For each setup, the bullish targets are conditional — they depend on holding recent broken resistance as new support and on channel structures remaining intact.
That’s the snapshot for today. I’ll be back with more updates tomorrow — keep an eye on the channel floors, the 50/200-day moving averages and whether RSI stays constructive.
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.
