11 of Your Stock Requests
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The Market
Since Yom Kippur, the Jewish Day of Atonement, begins at sunset this evening, in the interest of time, I am going to just cover the stock requests. The next edition will be this weekend (Sunday).
For all who observe, have an easy fast.
Q&A/Reader’s Feedback
Helene welcomes your questions about Top Stocks and her charting strategy and techniques. Please send an email directly to Helene with your questions. However, please remember that TheStreet.com Top Stocks is not intended to provide personalized investment advice. Email Helene here.
I do love a down-and-out stock, and Carlisle (CSL) is definitely in that category. There is much work to do for the stock to build a base and manage to overcome the resistance overhead (blue line), but if you have the patience, this is a decent place to buy some. I would not want to see it trade much under 310.
I really want to like Accenture (ACN) , but I want it to flesh out a bottom a bit more to give me confidence. I am skeptical of any stock that has broken the April low. So if it can map out something akin to what I’ve drawn in blue, then I would get more interested in believing it can be a more enduring bottom.
Oklo (OKLO) is not my kind of chart, but it has corrected the excess in the last few weeks, so if it can hold this 100-ish area, this should turn into a correction.
AST SpaceMobile (ASTS) needs to cross that resistance line. If it can map out something like I have drawn in blue, it would be okay. I just can’t chase a stock that is up 15% on the day.
A few weeks ago, when NuScale Power (SMR) was this price, I thought it should rally again. It did exactly that, but it has come back down, which I don’t much like. The stock has got to hold that 32 area or this will start to look like a top.
Nano Nuclear Energy (NNE) is coming into some support. I’d love to see it tag that uptrend line to make the risk/reward better.
I believe we looked at Bloom Energy (BE) recently, and I said it was overextended and in need of a pullback, which it has done. Can I chase it here? No. But unless/until it breaks that uptrend line, it hasn’t done a thing wrong.
Novo Nordisk (NVO) has resistance all the way up. I am willing to give it a chance as long as it doesn’t break under 53. But it needs to get over 63 quickly, or this will look like a failure.
Reddit (RDDT) looks like a head and shoulders top. If it breaks that blue line (203-ish) then I think it is destined to fill that gap down near 160. So, this 200-205 area is key.
Credo Technology (CRDO) had better hold this uptrend line. A break of it would not be good. So use 130 as a stop.
(GLD) is overextended and in need of a digestion or correction. I will be a broken record on this until it does so.
