No Headlines, No Problem: Why Technical Analysis Still Moves Stocks

By: Tomas Ronolski - AllPennyStocks.com News

Monday, February 10, 2025

News comes in many forms, and sometimes, no news can be big news. While investors often think of corporate press releases as the primary source of company developments, broader macro events—such as policy changes, new regulations, or societal shifts—can also have a significant impact, even if they don’t show up in a company’s news feed.

Another important but unofficial source of news is technical analysis, which identifies market trends through patterns in stock data. Since many investors rely on these signals, key technical breakouts or breakdowns can become self-fulfilling, making them major stock-specific developments with market-moving potential.

To illustrate our point, here are three micro-cap/small-cap stocks rallying today despite no fundamental news, likely driven by bullish technicals with further upside potential.

NorthIsle Copper and Gold Inc. (TSX-Venture: NCX) is up over 14% in mid-morning trading after breaking a key resistance level at $0.48. With the stock now testing resistance around $0.55, a breakout of this level could push it toward early-2024 highs near $0.65.

Amprius Technologies Inc. (NYSE: AMPX) has been in an uptrend since September but recently paused for a healthy pullback. Today’s renewed move higher puts resistance at $4.20 in focus, with a potential move to $5.00 if momentum continues.

Zhihu Inc. (NYSE: ZH) is rallying 12.74% on a breakout above $3.50, an important technical level hinted at in Friday’s session. On Friday, the stock closed above this mark on strong volume, signaling a surge in bullish momentum and triggering today’s rally. This one has a slightly unclear future path, but resistance at $4.94 should be a clear level to watch on the stock’s upward path.

These three stocks are just a sample of the 112 actionable bullish trading setups identified on Friday evening by AllPennyStocks.com’s new “By The Numbers” feature, available exclusively to AllPennyStocks.com Pro members.

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