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Monday, January 15, 2018 

Trade ideas for this week

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Shares of Atara Biotherapeutics Inc (NASDAQ:ATRA) closed on Friday gaining more than 27.54% accompanied with heavy volume. The stock has been on one of the most amazing runs of this month. On the daily technical chart, the stock is in a strong positive trend after it broke out from a large base-building consolidation. At current levels the stock is extended with RSI at 89. I'm bullish on ATRA, but in situations like this, I prefer to wait for a pullback rather than chase the market.

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Ocular Therapeutix Inc (NASDAQ:OCUL) broke and closed above the key resistance zone at $5, signifying that a new short-term uptrend is in place. Further rise is expected to $6.25 zone. Daily technical indicators are also showing signs of recovery. Long-term investors may hold with a stop at $4.71. Let's keep an eye on it as i think momentum will pick up.

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AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) is gathering momentum to the upside and the first objective is at $3.33. Additionally, the technical daily chart shows a MACD crossover, a bullish sign. Long-term investors may hold with a stop at $2.56.

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Shares of Genco Shipping (NYSE:GNK) are starting to heat up again and are worth watching. If volume can pick up I think this stock can break through resistance at $14.34 and re-test its recent highs around $14.59.

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PTC Therapeutics, Inc. (NASDAQ:PTCT) had a very good bullish rally last week accompanied with large volume. The stock is now near the red line as RSI approaches the 90 level. It may still move up some cents, but I expect a correction any time. Right now it is way too risky for a long position. Wait for a pullback to re-enter.

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There is no change from my previous updates on KBS Fashion Group Ltd (NASDAQ:KBSF). The MACD oscillator is above zero and above its trigger, showing strength for the price to continue its upward path. If it breaks 5.56 the stock will absolutely fly into the 8's right away.

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Net Element International Inc (NASDAQ:NETE) has been holding in a tight range and looks poised for a break to the upside. A break above 12.35 on a close basis should be seen as a serious threat for the stock to test the highs of December.

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

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Thursday, January 11, 2018 

Stocks to keep an eye on Friday, January 12

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Rite Aid Corporation (NYSE:RAD) showed some strength on Thursday and closed nicely above the 2.27 resistance level on solid volume. This could be a significant turning point for stock.

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The money seems to be flowing into One Horizon Group Inc (NASDAQ:OHGI) as indicated by the OBV indicator on daily. With no resistance between $2 and $2.78, a break above the $1.75 area can see the stock trade in the $2 area pretty soon. Im long and strong with a stop around the 1.38 area. The key technical daily indicators have also begun to turn bullish, with key EMAs displaying a golden-cross following today's move. Have this on your watchlist.

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Caterpillar Inc. (NYSE:CAT) remains very strong on charts. She's extended but no one seems to care. I would wait for a little more consolidation before jumping in, but it looks like CAT is a stock to keep an eye on for awhile. So, I will be watching her carefully for any possible opportunities.

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Sociedad Quimica y Minera de Chile (NYSE:SQM) broke out to new 52-week highs today. The stock which has doubled since July of last year is positioned for more upside. As long as the stock price stays above $60 area, the bullish scenario is still intact.

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Iconix Brand Group Inc (NASDAQ:ICON) attempted to breakout but did not succeed. A breakout from this bottom zone will give an excellent opportunity for traders to pick up long positions. Breakout watch over 1.36 (unusuall call activity detected today).

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Short covering in some China stocks produced some strong gains on Thursday. Shares of KBS Fashion Group Ltd (NASDAQ:KBSF) broke through resistance at $5 and closed above the downtrend line for the first time since November. Going forward the next levels to watch above are seen at 6.24 and 7

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Myomo Inc (NYSEAMERICAN:MYO) is setting up for another run. Lets see if it breaks and closes above the EMA50. Long set-up on watch.

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

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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.

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