Zak Mir takes a charting look at S&P 500, Nasdaq 100, Applied DNA, Nuburu, CCSC, Garden Stage, NuCana, NextNRG, Phoenix Asia, Ryde, and Rail Vision.
I’m walking through the S&P 500 and the Nasdaq 100, then reviewing a selection of individual names I’m watching closely: Applied DNA, Nuburu, CCSC, Garden Stage, NuCana, NextNRG, Phoenix Asia, Ryde and Rail Vision. Below, I explain the technical setups, key support and resistance levels, momentum signals and my price targets over the coming weeks.
As always, do your own research and treat these as chart-based observations rather than hard recommendations.
Quick market overview
S&P 500
The S&P continues its strong run — we’re on the right side of 6,700. For October, initial support sits around 6,650; remaining above that keeps the upside case intact. Best-case target: as high as 6,900 by the end of next month if price action stays steady and non-volatile.
That said, we haven’t seen a proper pullback since early August, so a rugpull is possible. Key downside areas to watch: 6,550 (potential retrace) and the channel floor near 6,480. Technically there’s a mild warning: higher highs recently but a lower RSI trace (bearish divergence), so a slight pullback wouldn’t be surprising.
Nasdaq 100
The Nasdaq 100 remains in a rising trend channel from April. The near-term channel top is pointing toward the mid-20,000s (around 25,500), with a best-case extension to about 26,400 (January resistance) by the end of next month if the uptrend continues.
Keep one key condition in mind: stay on the right side of 24,000. The floor of the channel aligns with the 50-day moving average, just under 23,900. There’s a more pronounced bearish divergence here — a double lower RSI peak beneath double price peaks — which is a stronger sell signal than the S&P’s divergence and suggests risk of a dip toward the 24,000 area before any renewed leg higher.
Stocks I’m watching
Below I summarise each chart, the bullish case, necessary support levels/stops and my near-term targets.
Applied DNA Sciences, Inc. (APDN)
Pattern and momentum: V-shaped bull flag with an upside gap yesterday and a double RSI rebound above neutral 50 — a classic continuation signal.
Targets & levels: Looking for a move up toward the $7.60 area (and an unfilled gap up toward $7.75 / top of the channel in the upper 700s) by the end of this month or sooner. Key support: recent broken resistance near $4.80 — staying above that level keeps the bullish path intact.
Nuburu, Inc. (BURU)
Setup: A broadening triangle base with a solid clearance of both the rising 50-day and 200-day lines. Those moving averages look set to form a golden cross later this month.
Targets & levels: The triangle top points toward roughly $0.68, with the upside scenario staying intact while we remain above recent July resistance at $0.42. Realistically, staying above the mid $0.30s (previous July resistance) is important for this turnaround setup.
CCSC Technology International Holdings Limited (CCTG)
Setup: A V-shaped turnaround and a rising trend channel base. Momentum looks constructive, helped by recent strength off the 50-day.
Targets & levels: Target up to $2.40 (top of the channel) and a stretch toward prior yearly highs near $3.10 by the end of next month. Keep a stop near the recent broken resistance around $1.88
Garden Stage Limited (GSIW)
Setup: Volatile chart but forming a rising trend channel with recent support above the rising 50-day MA — suggesting this could be a turnaround.
Targets & levels: Top of the channel points toward about $0.57 by the end of next month as the best-case target. Recent broken resistance near $0.19 is the short-term level to hold for this thesis.
NuCana plc (NCNA)
Setup: Another rising trend channel breakout through the 50-day line, with an RSI 50+ rebound and clearance of recent resistance — classic momentum cues.
Targets & levels: Above recent resistance around $5.10 the top of the channel and July resistance project up toward $13 by the end of next month. A close above the 50-day and the RSI strength make this one to watch.
NextNRG Inc. (NXXT)
Setup: Rising trend channel with a recent gap higher, a sequence of RSI 50 rebounds (including a 50+ rebound), and support sitting above a rising 50-day MA — a strong momentum combination.
Targets & levels: Target into the $3.80 area (channel top) while remaining above recent broken resistance near $2.40.
Phoenix Asia Holdings Limited (PHOE)
Setup: Strong vertical move so far this month, plus the classic double RSI 50 rebound and support above a rising 50-day line. Recent resistance has been cleared.
Targets & levels: Near-term target around $13.30 with upside toward $22 by the end of this month if momentum stays intact.
Ryde Group Ltd. (RYDE)
Setup: U-shaped recovery inside a rising trend channel. We’re above recent resistance around $0.48 and tracking a July resistance used as a stop level at $0.59 (old resistance).
Targets & levels: With limited chart history but the technical cues (double RSI 50 rebound, support above the 50-day), I’m looking for a move toward $1.20 by the end of next month.
Rail Vision Ltd. (RVSN)
Setup: Previously we saw shares break through an initial target in the 70s and push higher. Recent price action broke above yesterday’s resistance into the high-90s (around $0.98–$0.985).
Targets & levels: Near-term focus is on a retest of yesterday’s resistance just below $0.99. The major barrier is $1.00 — once cleared, there’s relatively little resistance until the next dollar. Momentum is strong: the latest RSI 50 rebound sits well above 50. Maintain support above $0.70 to keep the bullish case alive.
Key technical themes I’m watching
- RSI 50 rebounds: Several names show one or more rebounds through the 50 level — a reliable momentum continuation clue.
- Rising 50-day moving average support: Many charts are holding above their 50-day MA, which strengthens the bullish setups.
- Bearish divergence on major indices: Both S&P and Nasdaq show divergence (RSI weaker despite higher highs), increasing the odds of a short, healthy pullback.
- Unfilled gaps and channel tops: Gaps to fill and channel tops provide specific near-term targets for individual stocks.
Conclusion
The broader market remains constructive but not without cracks — bullish while above key pivots (S&P 6,650–6,700 and Nasdaq 24,000), yet vulnerable to a pullback given divergence signals. On the stock front, I’m leaning into names showing V-shaped turnarounds, rising trend channels, clear 50-day support and RSI 50+ rebounds. My targets are time-bound (mostly by the end of next month); stops are the recent broken resistance levels quoted above.
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.
