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Good morning, SqueezeFinders!
It would seem the war is back on after Iran began re-escalating hostilities in the Strait of Hormuz, which may end up jeopardizing the MoU ceasefire. The $QQQ tech index closed down 1.85% to close at 709.43, which leaves the bulls teetering on the edge of a bearish breakdown that could quickly bring a retest that 700 psychological level. It will be time to seek out relative strength in sectors and themes that thrive during the war market environment. Often we see a rise in speculative buying on small cap oil names and sometimes drones due to their direct involvement with war. Be cautious as the situation could change anytime with a single unexpected headline. The main directional sentiment determinants will be a mix of the below-detailed economic data releases, and also further developments regarding the situation in the Middle-East. Regardless of broader market sentiment, you can always locate relative strength by checking SqueezeRadar to track big changes in the data.
🥇 Gold: \~$4,140/oz (+0.5%)
🥈 Silver: \~$61/oz (+0.8%)
🪙 Bitcoin: \~$63.0k/coin (-0.6%)
🛢️ Oil: \~$72.30/barrel (+2.6%)
Today's economic data releases are:
🇺🇸 Crude Oil Inventories @ 10:30AM ET
🇺🇸 Cushing Crude Oil Inventories @ 10:30AM ET
🇺🇸 Atlanta Fed GDPNow (Q2) @ 11:30AM ET
🇺🇸 10-Year Note Auction @ 1:00PM ET
🇺🇸 FOMC Meeting Minutes @ 2:00PM ET
📙Breakdown point: BELOW this price, the move will lose momentum significantly in the short-term, as shorts will gain confidence encouraging them to short more. Reducing probability of a squeeze without a catalyst.
📙Breakout point: ABOVE this price, the move will gain momentum significantly in the short-term, as shorts losses will increase pressuring them to cover. Increasing the probability of a squeeze occurring, especially if with a catalyst.
4. $TGTX
Squeezability Score: 49%
Juice Target: 88.8
Confidence: 🍊 🍊 🍊
Price: 58.08 (+4.67%)
Breakdown point: 46.5
Breakout point: 58.5 (continuation)
Mentions (30D): 10
Event/Condition: Initiation of Phase 2 trial evaluating BRIUMVI in treatment-resistant schizophrenia expanding pipeline applications beyond MS + raised 2026 revenue guidance reflecting strong BRIUMVI demand and new patient starts + positive Phase 1 data in myasthenia gravis and bioequivalent single-infusion regimen supporting further label expansion + Recent price target 🎯 of $83 from Jefferies + Recent price target 🎯 of $70 from H.C. Wainwright + Recent price target 🎯 of $75 from Piper Sandler
5. $BATL
Squeezability Score: 46%
Juice Target: 3.8
Confidence: 🍊
Price: 1.78 (+25.35%)
Breakdown point: 1.6
Breakout point: 3.0
Mentions (30D): 0 🆕
Event/Condition: Refinancing and execution of amended credit agreement extending debt maturity and improving financial flexibility + Monument Draw joint development agreement targeting up to eight wells with accretive partner carry to accelerate production + Q1 results showing higher volumes and lower unit costs alongside updated drilling program + Recent price target 🎯 of $3 from Roth Capital + Recent price target 🎯 of $4 from Canaccord Genuity + Recent price target 🎯 of $2.50 from Benchmark
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NOT FINANCIAL ADVICE, THESE POSTS ARE FOR INFORMATIONAL PURPOSES ONLY