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Saturday, August 04, 2018 

A few stocks to watch next week - I will be in vacations 3 weeks

Dearest Readers, 

First, I would like to thank you for your cooperation and support during these last few months, with a high increase of followers on Stocktwits and a great increase in the number of followers on twitter that has almost reached 29300 followers. Then, announce that in the next three weeks I will be on vacation and will not be back to update the blog until the 25 August. But before I leave you , I have placed some charts with potential ideas for next week. Thank you very much and Happy holidays.

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Apple Inc. (NASDAQ: AAPL) closed the week 8.91% higher than the previous week, boosted by the strong earnings report and has surpassed the $1 Trillion dollar mark. From a technical standpoint, the stock needs now to digest gains and work out the overbought condition with a correction or consolidation.

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IQIYI Inc (NASDAQ: IQ) Share price has declined recently and the selling pressure on Friday broke down the $30 support level, coming all the way down to $28.50. As i tweeted yesterday, the stock needs to regain this key level quickly to avoid another leg down towards $24 region. The bias remains to the downside.

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GoPro Inc (NASDAQ: GPRO) broke and closed above the key resistance level of $7 on Friday for the first time since December 2017. This breakout on heavy volume also confirmed the bullish reversal pattern that GPRO formed on the previous month. The measured move of this break points to a target of $8.5

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Xenetic Biosciences Inc (NASDAQ: XBIO) This is one of the best daily charts out there for a low floater. The bearish sentiment was reversed last week after a sucessful test of its major support zone at 2.71. Plus, the stock also broke the large falling wedge that formed since the recent peak at 8.95. Possibilities of an uptrend continuation are now be heightened. Breaking the recent high of 3.59 level will confirm this possibility. Once there is confirmation, the stock will then be able to reach out for its next resistance level of 5.2 and could even attempt to break for a higher resistance level of 6.39. Keep in mind, this is low float moves fast and could blow up on any volume. As i tweeted, im long and increased my position last week. Long setup on watch.

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We're seeing signs of a trend reversal for Kraft Heinz Co (NASDAQ: KHC). A high volume move through the 65 price level (Friday's high) would be buyable.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) continues to consolidate the recent momentum rally and above all short-term rising EMAs. Need to see how this one plays out but the pullback with declining volume is a good sign to work out the overbought conditions. If the correction continues could be a great buying opporturnity in the 17.5-17.8 level.

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AT&T Inc. (NYSE: T) could be flagging, watch for above average volume. May run higher. The overall outlook for the stock appears bullish. Only a close below $31.5 would negate the bullish outlook for the stock. A close above $32.34 would reinstate short-term bullish trend that could propel the stock to the next target zone of $34

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CorMedix Inc. (NYSEAMERICAN: CRMD) is forming a Pennant chart pattern on the daily timeframe with a drop in volume, signaling a break is coming soon. This formation is a known bullish continuation pattern that activates after the breakout. Keep it under radar.

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Energy Fuels Inc (NYSEAMERICAN: UUUU) Friday's price finally broke the bull flag pattern. Expect more highs next week.

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Trevena Inc (NASDAQ: TRVN) I alerted this one Friday on Twitter as a possible trend reversal and the stock did what it was supposed to do, closing up 13 cents or 10% on the day trading more than 2.47 Million of shares. The stock hit a high of $1.65, which is resistance for Monday’s move. If the stock can break through this level, I expect to see another upside move to $1.82 and better. A stop-loss should be placed at $1.35

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Helios and Matheson Analytics Inc (NASDAQ: HMNY) A serious case of study. In 20 years of trading i never see something like this. A drop from $600 (adjusting R/S) to 7c in just 3 months. I assume that at some point I also lost some money here, right now I just scalp trade but still think it is not worth the risk.The technicals dont matter here, the violence of the selloff is so strong, that we cant hold this stock more than few minutes. It has been a scary movie for thousand of long-term investors.

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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Saturday, July 28, 2018 

Here are 10 setups to watch next week

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If you follow my twitter you know that I've had my eyes on Avalon Holdings Corp (NYSEAMERICAN: AWX) since Wednesday when it was trading around $4. The stock almost touched $20 on Friday after-hours. It has traded in impressive fashion over the last several trading sessions and is a must watch for both the short and intermediate term. At some point this impressive rally will come to a conclusion, until then, lets enjoy watching this high money flow move to the upside.

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IsoRay, Inc. (NYSEAMERICAN: ISR) has seen some very impressive volume recently and it is still under some great accumulation. The daily chart shows a stock that is right on the cusp of breaking out. A break of 65c should bring the buyers into this stock in a big way. This stock could be viewed as a sympathy play of AWX not by the float but by comparing the recent increase on volume and accumulation. Note: Earlier this month, the company announced the receipt of FDA 510(k) regulatory clearance for the brachytherapy technology, known as GammaTile™ Therapy that incorporates proprietary Cesium-131 seeds within customizable collagen-based carriers for the treatment of recurrent brain tumors. As I have said before on twitter this stock could head higher in swift fashion.

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Riot Blockchain Inc (NASDAQ: RIOT) could we be looking at the beginning of another impressive rally? This stock soared from current levels to over $46 a share almost a year ago. Recent bitcoin rally could help bolster investor sentiment going forward. A big short-squeeze could happen on the break of the declining EMA200 located at 8.63.

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Cleveland-Cliffs Inc (NYSE: CLF) An impressive rally from $8.11 to $11.44. Volume is strong lets see if this big rally has legs after such a huge move. Price is developing a bullish flag.

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Interpace Diagnostics Group Inc (NASDAQ: IDXG) saw some steady buying pressure and closed the day up 4.8% and above the declining EMA200 for the first time in months. This certainly could be just the beginning of a possible monster run.

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CorMedix Inc. (NYSEAMERICAN: CRMD) continued its massive rally on Friday as the stock closed near the highs of the session, and its highest level since this rally began in early June. This was a stock that no one wanted back then, and is now seeing strong money flow and buying pressure. Immediate resistance 59c then 65c.

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Twitter Inc (NYSE: TWTR) needs to hold the long-term trendline support next week. If successful, a relief rally to $37 is probable.

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Electronic Arts Inc. (NASDAQ: EA) Having held this support line and turned up with conviction yesterday, the upside looks more probable at this point, but any close below would be a very bearish signal and a drop to 115 likely. Technical indicators are looking bearish.

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Link Motion Inc (NYSE: LKM) This China name announced last week a strategic partnership with AutoNavi a subsidiary of e-commerce conglomerate Alibaba Group for its Smart Ride Business. The stock could be making another move to its EMA50 and we could see a break there. Keep this stock on watch.

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Social Reality Inc (NASDAQ: SRAX) is inching closer and closer to another breakout move. Break out watch over 5.85

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 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.

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