--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

Saturday, February 09, 2019 

Stock charts to follow next week

( click to enlarge )

Shares of Starbucks (NASDAQ: SBUX) reached a new 52 week year high at $69.82 on Friday breaking an important resistance zone. Stock still trading in a strong Bullish Mode as the chart shows. This breakout of a multi-month consolidation brings high probability for a trend continuation in the coming days/weeks.

( click to enlarge )

Next week keep Ross Stores (NASDAQ: ROST) in your watch list, is close to breaking out (ascending triangle pattern).

( click to enlarge )

Shares of Lockheed Martin (NYSE: LMT) was up 0.46% to $301,5, stock is now near to break out above resistance $303, however it is in Overbought conditions that probably will limit the movement now. Keep an eye for a possible breakout.

( click to enlarge )

Charter Communications (NASDAQ: CHTR) Still on my watchlist. It has been in a consolidation over the last five trading sessions in the 335-345 trading range after a big surge in price and volume in January. If the 345 is broken this could be the start of new momentum that could move the stock toward the 360 area.

( click to enlarge )

ServiceNow (NYSE: NOW) could witness an upside break of the bull flag pattern next week.

( click to enlarge )

IntelliPharmaCeutics Intl Inc (NASDAQ: IPCI) shares spiked Friday before the close on news that the company got tentative FDA approval of generic Pristiq for treatment of major depressive disorder. The strength of current momentum could extend next week and push the stock above the declining EMA50 at 42c. On watch.

( click to enlarge )

Coty, Inc. (NYSE: COTY) momo play for next week. It has a nice gap over 9.50. Looking at the daily technical indicators, we have the MACD above Zero Line and RSI Above 60, indicating the stock is in a bullish trend now. We can wait for a bullish flag formation to confirm the bullish momentum next week.

( click to enlarge )

Cloud Peak Energy Inc. (NYSE: CLD) The technical daily chart shows the recent drop brought new buying opportunity as RSI is back to oversold level while the stock is still above both 20 day and 13 day moving average. MACD signal is rising while K line has just crossed on top over D line showing new buy signal . The institutions, however have been very bullish, with Goldman Sachs purchasing 6.3 million shares and BlackRock increasing its stake by 14% to 10 Million shares in the most recent quarter. Im very surprised by the purchase of these Big boys. I increased my position. Lets see if we break the 49c level next week to see a nice push to next levels at 70c.

( click to enlarge )

Superconductor Technologies, Inc. (NASDAQ: SCON) starts showing ‘buy' signals again. Although the stock didn't perform well in the last six months, we start to see now some signals of rebound as the technical chart shows positive momentum is back. I'd look to the $1.7 level moving as the next buy point. If it passes that, then we have room to run to next resistance at $2.05-2.2. Let’s keep an eye on SCON

( click to enlarge )

Marathon Patent Group Inc (NASDAQ: MARA) is approaching again the declining EMA100, which typically acts as resistance, so keep an eye on her for a possible breakout. Beyond that, the above technical chart shows a bullish MACD crossover and RSI which indicate we have some more room to the upside.

( click to enlarge )

Arcadia Biosciences Inc (NASDAQ: RKDA) has been under accumulation for a couple days now. The volume on accumulation days consistently exceeded the volume on distribution days. That's a bullish sign. The big movement on Tuesday tells me to be patient. I'd stay long and keep a stop just below $3.31. Potential target price of $6. Keep RKDA in your watchlist.

( click to enlarge )

Alliance One International, Inc. (NYSE: PYX) looks strong enough to move forward. As expected, the stock broke up through its EMA200 and closed above for the first time in months. At this stage, further rally is still possible. The breakout signals a continuation of the prior advance. As long as $17.8 holds on a close basis, this breakout is in great shape. The stock has the potential for a strong follow through, so watch it closely next week.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: , , , , , , , , , , ,

Bookmark and Share

Saturday, February 02, 2019 

12 Technical Setups for the coming week

( click to enlarge )

In the past few days we have noticed that the stock price of Aphria Inc (NYSE: APHA) has been on a consistent bullish uptick in market valuation. Moreover, along with the market valuation the technical key daily indicators MACD, RSI and A/D have been bullish, rising for the past several days. Additionally, the stock past a key resistance level of 9.45. It is overbought but volume and money flow still building. So, keep watching APHA trade and watch for potential continuation of its recent upward move next week.

( click to enlarge )

I have Tilray Inc (NASDAQ: TLRY) on my watchlist. It may be ready to break out of this small consolidation. Bullish MACD cross on daily. Potential swing long above 84

( click to enlarge )

New Age Beverages Corp (NASDAQ: NBEV) Good pattern and accumulation, but I need to see further upside confirmation before adding a new long position. The good side of this stock technically is that MACD is still rising above the 0 line and RSI above its 50% level, so this stock is still bullish for now even if it is still consolidating. Keep an eye for a possible breakout over 7.62 next week to see further gains.

( click to enlarge )

Nio Inc (NYSE: NIO) displayed some impressive relative strength last week. A break of $8.3 with force might give the stock room to $10. MACD and A/D both signal positive strength and accumulation. The stock is trading above all major EMAs, also a bullish sign. A lot of eyes are on this stock right now, so make sure this is on your radar screens. Squeeze seems imminent.

( click to enlarge )

Onconova Therapeutics Inc (NASDAQ: ONTX) was another winner for my readers/twitter followers last week. The stock might face a period of sideways action here while it consolidates the gains booked in the last trading sessions.

( click to enlarge )

Naked Brand Group Ltd (NASDAQ: NAKD) has started to see some activity after a long period of hybernation. The stock broke the downtrend line last week and it gives a signal that the stock can move upward. Momentum indicators are also supporting the trend reversal. RSI is heading higher from oversold levels and MACD is showing signs of turning up finally. That could generate a lot of additional interest from other traders scanning for bottom plays that could be become solid gainers. Money flow into the stock has been very nice over the past trading sessions. NAKD Could be a BIG Runner, so watch it closely next week. If it breaks next pivot point at 93c can easily run to next target at 1.45 followed by 2.12. I entered long on Friday.

( click to enlarge )

Inpixon (NASDAQ: INPX) everybody knows that I'm a patient investor. This spec play is basing constructively above the $2 level. The real fireworks should begin if price can break above the $2.29 area. As long as the stock can remain above $2, I like the stock. The MACD line is starting to curl upward, which should eventually lead to price increases. Could be a high flyer on breakout. Keep on watch list. Note: The recent offering was oversubscribed at $3.33

( click to enlarge )

Ameri Holdings Inc (NASDAQ: AMRH) could be on the verge of making a strong move upwards. Stock closed 12.83% higher to 26c after basing over 1 month. Friday's rally was driven on higher-than-average-volume and positive money flow. MACD indicators are moving higher and on the verge of crossing the power zone. A break of 30c with force might give the stock room to 54c.

( click to enlarge )

Rewalk Robotics Ltd (NASDAQ: RWLK) was able to break through the 31c resistance level last week and sustained the move. I still holding my shares since 18c and will play the fill of the gap.

( click to enlarge )

VMware (NYSE: VMW) Keep an eye on this one, looks poised to break out and run higher.

( click to enlarge )

Infinera Corp. (NASDAQ: INFN) had a nice breakout with a pop of 76c to 5.16 or 17.27% on 7.5M shares, the biggest volume in a couple weeks. The heavy buying makes this an interesting situation and one worth watching on Monday. Nice gap here to fill.

( click to enlarge )

Axsome Therapeutics Inc (NASDAQ: AXSM) hit a new 52 week high and closed above resistance. As long as the stock stays above the $9 level it is still safe to hold on to your positions.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: , , , , , , , , , , ,

Bookmark and Share
Contact

About Me

    Photobucket
  • I'm a 44 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Iceman Trading Academy Moderator

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google