Stock Leaders

For the Week of October 16th

In this article we’ll go over Coinbase (COIN), United Airlines (UAL), Vistra Corp. (VST), Docusign (DOCU) and Marvell Technology (MRVL). Note that we are adding cycle brackets to our analysis to help with entry timing.

Coinbase (COIN): COIN is up over 19% this week, driven by Vice President Kamala Harris's proposals for clearer digital asset regulations. On the weekly chart, COIN is above the 9 and 21 EMAs and has broken above the Ichimoku Cloud. The daily chart shows a break above the downtrend line and Ichimoku Cloud, signaling a new uptrend. However, on the hourly chart, COIN appears extended and may need a pullback for a better entry. The hourly cycle bracket suggests a potential short-term trough around 10/18, with buyable weakness likely near the 9- or 21-day EMAs. The stock remains early in its daily and weekly cycle brackets, leaving room for the trend to continue.

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