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Free Watch List for Oct 31st 2024

TEAM is forming a consolidation pattern just below resistance, suggesting a potential breakout. The stock is trading within a narrow range, which may indicate accumulation before a possible upward move. A recommended strategy includes taking partial profits at predefined targets, adjusting the stop loss incrementally to lock in gains as the stock moves in the desired direction. Monitoring volume for a surge is crucial, as increased volume on a breakout would confirm the strength of the move.
EYPT recently surged and is now consolidating in a bullish flag pattern near 11.59. This formation suggests potential for further upward momentum if a breakout occurs above the flag’s resistance. The increase in trading volume during the initial upward move signals strong buying interest. Monitoring volume and price action around the 12.27 resistance level will be key to confirming a breakout and continuation of the trend.
FAST is approaching a key breakout point, as shown in the chart with strong upward momentum. A breakout above the current resistance level could signal a continuation of the upward trend. The recommended strategy includes taking partial profits at multiple targets while moving the stop loss progressively to protect gains. Initially, the stop loss is set to limit potential downside. It’s essential to monitor volume closely for confirmation of a breakout, as increased volume would signify a stronger move.
SPX is showing signs of a possible short-term pullback, with a retest of the 20-week SMA likely on the horizon. Staying cautious as we watch if this support level holds!

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