Mixed Market Setups: $PLUG Up, $TSLA Bear, $IREN Flat, $ULTA Bounce, $CAVA Bull
This week’s market highlights show a mix of bullish and bearish setups across key stocks, with some poised for strong rallies while others remain under pressure.
1. $Plug Power(PLUG)$
$PLUG is now up 40% from this post
Congrats to anyone who hit this
First target level is now hit.
Next target would be $3.50
2. $Tesla Motors(TSLA)$
As of last week, I’m no longer bullish on $TSLA ❌
My system is showing bear cycle criteria, so I have to respect it.
As always, I hope I'm wrong.
Base case is a move back into Monthly Fair Value around $300.
When my criteria flip long again, I’ll get bullish again.
3. $IREN Ltd(IREN)$
I’m flat on $IREN and I hope I’m wrong.
MBX is red and I still expect this volume gap to fill toward $20 in the coming months.
After a year‑plus bull cycle, that usually means a multi‑month selloff.
I’d love to see it rip even if I miss it, but right now the setup doesn’t look great.
4. $ulta beauty(ULTA)$
$ULTA sold off hard after earnings, but my bull cycle view is still intact.
In my data, when price pulls back while the monthly BX stays green, we see a bounce about 83% of the time. The average move up is around 9%.
For this leg, I’m watching for a move into the $600–$640 area over the next two months.
5. $CAVA Group Inc.(CAVA)$
$CAVA just held the smart money zone and our long term system is signaling a new bull cycle.
We are expecting a 100% move to the upside over the next 12 to 14 months.
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