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>> Hello everybody, Drew Dosic here with
Verified Investing. Today we've got some
major market movers of the week to go
over. We've got four of those charts,
two of which had the heaviest volume,
and the other two were some big market
moving stocks
in this week. So guys, let's jump into
some charts, take a look at these
details so we can see where these stocks
are likely to be headed next. All right,
first up, Mara Holdings. Now guys, this
used to be Marathon Digital, and this is
on the daily time frame. Now Marathon is
known as one of the largest publicly
traded Bitcoin mining companies. In this
last week, we had a tremendous amount of
inflow of capital into the
cryptocurrency space. So Marathon, or
pardon me, Mara Holdings,
um obviously had some inflow of capital,
too. And you can see it did pop up
pretty nicely here, about 15% actually a
little more than that, about 40% guys,
in just three trading days. In doing so,
look at where price was rejected, right
here on this 50% area of the parallel.
But before we get into the uh the minor
details of the daily move, let me back
out to really show you and give you
context for the technical analysis trend
lines that I do have on the chart. First
off, on the bottom end, we have a
long-term
uh inclining trend line back from the
COVID era in 2020. Notice how that's uh
strung through the charts, connected
with the pivot low in December of 2022.
And then also notice right here, back in
February of this year, price action
tagged that trend line. Notice it didn't
get down to the bottom of this parallel
channel, instead tagged that trend line,
and it's since bounced to the top of
this declining, and now it's come right
back in uh inside that parallel. So you
can understand why this trend line is in
effect, and also why it's important to
draw these on your charts. You may You
may not know once you create this trend
line back here in 2020 and connect it
over to this pivot in 2022, just string
it out and leave it on your chart
because situations like this arise where
price comes right back down, you flip to
the chart and you already did your
homework. You already did the TA. You
realize that was a buying opportunity.
And if you had that chance, man, that
would have been a nice score from $7.24
all the way up here to $16. That could
have been a 100%
gain for just doing one simple trend
line draw on your chart. Now, we get in
closer, you can see I've got a declining
parallel channel that really capsulates
price back here since August of 2024
with this decline that we see here on
the chart. Now, most recently, as I've
discussed already, 40% pop getting us
above this 50% area of the parallel
line, but at least for right now, that
momentum is stalling. But, it doesn't
mean that this stock is going to
continue to go right back down. This was
a significant technical level on the
charts. Two-fold factors. Not only the
50% area of the parallel, but then also
this consolidation in the high range
wicks from that price action. So, it
makes sense. We run straight up into
both of those levels of resistance, it's
going to take a lot of effort to get
through it. What I find and I likely
will see as long as Bitcoin continues to
hold in the $80,000 range and push
higher, you can anticipate Mara here
consolidating over the next couple days
right here on this 50% area of the
parallel channel, roughly around $11.25.
And then at that point, after a few days
of consolidation, building that
momentum, we should then have it enough
momentum and energy to have us
successfully break back into the top 50%
of this parallel with the next key level
of resistance originating right here on
this declining trend line that came from
an October 2025 pivot to this single
pivot that occurred here in June on June
22nd of this year. And that level
roughly is about $13.90
on the chart. So, be watching for Mara
to break out coming this next week from
that lower 50% of the parallel and then
go attack the declining trend line just
under $14. Next up, another stock that
had heavy flow of volume this week was
Intel. Now, Intel has dropped as you see
here this week. So, we've had a lot of
institutions unloading this
semiconductor play
with the semiconductors being less in
favor at least at the moment. But, as
you see here on my charts, guys, we're
into a very significant level of support
here with Intel. But, the bad part for
Intel, it hit it yesterday, created
somewhat of a doji candle implying we
likely were to bounce today, but then we
find ourselves trading right back down
here on the support trend line. Notice,
the support trend line started back in
March of this year, has been hit once
here, twice here, and then this is the
collective third hit. Generally, those
third hits are very reliable for a
bounce. So, I'm actually leaning that
Intel next week could see a small bounce
push up to the $103.49
resistance level and then likely see
some major selling or at least some
several days of sideways chop
at that point.
The one thing that's that's taking my
probabilities less away from that is the
way the price is behaving today,
somewhat
lukewarm and not popping just hanging
out right here, right on the trend line,
right on the 50% area of the parallel,
both of which roughly are right here at
$90 on the chart. So, what you want to
see when price comes straight into a key
level of support, you want to see price
hit it and then separate from it,
establishing the conviction of that
bounce. And we're just not getting it
today. Doesn't mean it can't come next
week, which is why I still lean roughly
about 55% more of a probable chance that
we do bounce up and hit this 10349.
So, with that small probability chance
increasing for a pop up, there's still
about a 45% chance now since price is
hanging out on this trend line that we
could break through. If we do that, the
next support down here at $79 and $0.49.
The good thing about potentially buying
here, even if price breaks, this is a
three hit of an inclining trend line
when that price breaks, it lets to go
find support and then run right back up
and tag that trend line it from which it
just broke. So, you have a couple
options to play it. Buy it now or wait
and the conservative route for a $79 uh
tag to then buy it and then there should
be a potential very high probability
chance of a bounce at least up to that
inclining trend line from which price
has broken. Uh next up guys into mRNA.
This stock popped over 140% this week.
Incredible move off of the development
of successful trials on melanoma uh
treatments in stage four cancer. So,
that's all obviously really good news.
Um mainly though for technical analysis
on this chart, mRNA with that news
surged above a declining parallel
channel, one that had held price. Look
at this guys, since December of 2022.
So, it's starting to get into breakout
mode, effectively holding that breakout
too without retrace into the top of this
parallel channel. I see support for
anybody interested in getting on this
momentum. I wouldn't recommend buying
here. I would recommend waiting for the
conservative route down here to $117.69.
Notice how this was a shelf of
consolidation
uh that occurred right here in that
support zone of $117
before plummeting down and making what
is now has appeared to be somewhat of a
cup and handle pattern that has broken
out on the charts. Next key level of
resistance, $203.31.
But, be mindful if you do decide to buy
here at the 117, we could all obviously
fully retrace to the top of this
parallel at 87. But, guys, this is a
breakout underway. And once we do have
some sort of digestion, some sort of
pullback, I anticipate if there's more
successful announcements, we're going to
be marching right up to 203.31. So, it
all depends on where do you want to get
into it. I prefer more of a conservative
route, the 117.69. The very conservative
route, wait for price to re-tag the top
of this parallel. With this huge surge,
I'm just unlikely uh seeing that happen
in the near future.
All right. Next up and lastly, guys,
Newmont Mining. Now, with the push here
on gold this week, Newmont Mining
kick-started that rally about 5 days
prior. As you can see here, it's done a
fantastic job going literally straight
up on the charts, breaking through this
declining trend line, now coming very
close, guys, to all-time highs. That's
my area to at least notify you all where
we should be finding significant
resistance for a short. You may say,
"Well, Drew, well, why do you want to
short the gold miners when gold is
breaking out?" Well, all right.
Technically, we're overbought on the
daily time frame. 76.2, anything over 70
is overbought and due for a technical
correction or technical consolidation.
Even if it's bullish, a bull flag should
form with an angle about 45° declining.
So, you could at least short it up here,
take your profit if a bull flag
continues to develop, or wait for that
pullback that likely should come. And
you may say, "But still, Drew, why is it
going to happen here?" Well, there's a
couple reasons. The miners generally run
before the precious metals. In this
case, it happened with Newmont
kick-starting this rally, popping up
here on the 4th and continue it
continuing that move on the 5th and the
6th of August. But then secondly, what
did the the
use to mine to get those metals. In this
case, Newmont with gold, where they are
a heavy user of diesel fuel, and US oil
is also on breakout, continuing to go up
the charts. So, the more that US oil
upticks, that's going to put pressure on
margins with Newmont, despite gold's
value going higher.
Higher oil cost is going to be higher
input cost for Newmont to have to mine
this gold. So, still, it's going to be
fighting a battle with itself. Yes, gold
going higher should help Newmont go
higher, but if oil's doing so as well,
and we're on a stage where the chart of
Newmont is overbought in the near term,
that all tells me, guys, we likely are
due for a pullback, right up here,
134.88,
pullback down here to this
consolidation, right on top of it,
around $121,
all the way down to right around 120.
That's what I'm seeing is likely to
happen on the chart of Newmont in the
near future.
All right, guys, that wraps up today's
market movers video. Thank you guys so
much for watching it. Got a lot of TA to
go over on these four charts. Plus,
we've got all these other traders here
giving you free daily charts as well as
videos to go over. Sit back, make
yourself comfortable, learn technical
analysis so you can deploy it on your
next trade. Thanks again. My name is
Drew Dosik. Look forward to seeing you
guys on the charts next time. Take care.
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