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Saturday, July 25, 2020 

Technical Chart Setups for the coming week

Dearest readers and followers, 

Before starting to share trade ideas for the coming week, I would like to inform you that this will be the last weekend post before my vacations that will start on August 1st and end on 28th of the same month. I will travel this summer to Algarve avoiding planes and everything that involves a lot of crowd interaction. It's time to help the tourism of my country giving them some hope. If all of us do the same, we can minimize the impact of the current downturn. I will use the vacation time to spend some productive time with my family, relaxing, rejuvenating, and forget all about the stresses of work. I don't believe that vacations are luxuries. They are our necessities just like anything else, make us feel happy, stress less, refreshed, energetic, helping us to explore the essence of living in peace and communion with those we love the most. If you also go on vacation, happy holiday to you. Enjoy your time like the flakes of snow, nothing is certain or solid in this world. 

Thank you for reading this blog that means so much to me. I get excited anytime any one of you leaves me a comment or just sends me an email sharing an experience. May God bless you and have a wonderful vacation.

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Party City Holdco Inc (NYSE:PRTY) is a candidate to be traded in breakout mode next week. The daily technical indicators are looking better for the stock with the MACD indicator above its sell signal line, +DI is on top (the trend is up) and RSI indicator moving up from the 50 level. Plus, upside volume is also picking up and a rounding bottom is taking shape. Keep an eye for a possible breakout over $1.59

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We are on the verge of a possible breakout in the shares of Vislink Technologies Inc (NASDAQ: VISL). The stock is finishing up its consolidation phase and the new bullish trend on my daily chart looks good. Volume was on the light side, but once the stock breaks out we will see an upturn in buying. Key resistance is now located at 75c, a break above this level will confirm the bullish trend and the following uptrend will take price up to $1 zone. From a technical standpoint, daily technical indicators are looking bullish. MACD is rising above its signal line in the positive zone and the RSI is rising above its 50% level.The 9-day and 13-day EMAs are in the process of forming a rounding bottom reversal pattern, and the stock has moved above it. VISL will move quickly, so keep it on your screen on Monday.

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Ageagle Aerial Systems Inc (NYSEAMERICAN:UAVS) Bull flag spotted on the daily chart, this is a bullish continuation pattern. The momentum clearly favors the bulls.

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Ocugen Inc (NASDAQ:OCGN) This penny stock deserves your attention going forward. A treatment of RHO gene mutation associated with retinal degenerative disease being developed by Ocugen was granted orphan designation by the FDA, according to a post to the agency's website. No press release yet from the company which is not surprising, it usually takes some days. Once it goes live on their website we could see another spike in share price. Looking at the technical chart, it seems the stock broke the resistance area at 35c and has moved decisively to the upside. That’s a powerful sign that high prices are likely to continue. Long positions may be considered on price weakness, with a stop-loss at 30c. The next resistance it could encounter is at 50c. Once that level is breached, the next resistance could be the 70c area and then 83c. In addition, the CMF indicator is increasing, this clearly shows that smart money is moving into the stock. NOTE: OCGN is a penny stock, so play accordingly.

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Friday's action in JAKKS Pacific, Inc. (NASDAQ:JAKK) confirms my opinion that the current bounce has legs. The stock finally broke the large falling wedge on large volume. The technical chart shows buyers are back. With the surge yesterday %K line is again on top over %D line showing the stock is back to a new rally. A move towards $7.9 can be expected as long as $6 holds.

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I have been following Riot Blockchain Inc (NASDAQ:RIOT) for a few days now and surprisingly it showed some strength in the final hour on Friday in a depressed market. On the momentum front, I'm seeing some positive divergences in several key momentum indicators, but this is not confirmed yet, as prices have not shown a confirmed reversal. The stock needs to break Thursday’s high of $2.45 to expect a strong rally at this point. I took a long position last week.

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Document Security Systems, Inc. (NYSEAMERICAN:DSS) has been forming an ascending triangle and it might soon break out. It needs to take out $8.15. The break of the resistance line with heavy volume should be the next buy point targeting the 9.8 zone.

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Urban One Inc Class A (NASDAQ:UONE) continues to form a base around the $14 as we get ready for another major move higher. A break of $16.50 with force might give the stock room to $20

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Capricor Therapeutics Inc (NASDAQ:CAPR) decisively broke the bull flag formation with a big bullish engulfing candle and might soon find itself in next resistance at the 8.60 area.

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Xenetic Biosciences Inc (NASDAQ:XBIO) Friday’s action in the share price leads me to believe that we may see a reversal trend at this level. To sustain this point of view, stock needs to sustain actual level in the days to come, so stay tuned to her. Next pivot 1.38

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Inpixon (NASDAQ:INPX) is in the process of bottoming and I expect a pop above $1.65 very soon. Technical indicators are looking Bullish with the RSI rising while the MACD is cutting above its signal line. With the spike in volume and momentum surging in Friday's trading session, there is a high possibility that the stock price can appreciate even more in value during the coming sessions. Plus, the Microsoft rumors should be taken seriously "#ReturnToTheWorkplace initiative". Keep it on your watch list going forward.


Trade Ideas is one of the Top Scanning Tools available that i use everyday. Click HERE 

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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Sunday, July 19, 2020 

Potential swing trade ideas for the week ahead

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This stock is lining up for a serious bull run and it has the potential to become one of the most explosive breakout play opportunities of the month. I continue to support the idea of a significant rally on shares of  Arca Biopharma Inc (NASDAQ: ABIO), probably even above the June highs. We still need to see a break and close above 7.80 to confirm a continuation to the upside with a next target in the 10 area. Due to its low float a parabolic move is also not out of the question. Daily technical indicators are beginning to turn bullish. MACD is about to cross the signal line, which indicates that the bulls are trying to take over and RSI has moved above its 50% level. There looks to be good upside potential, so watch the stock very closely next week.

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Ideanomics Inc (NASDAQ:IDEX) is showing signs of a potential upside recovery. MACD has stabilized and is crossing over its signal line. The August $1 call options have been very active. Next week watch the resistance at 1.43. A close above will be bullish and may test 1.76/2.0

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BioNTech SE (NASDAQ:BNTX) Flagging here. The buy/add point would be when it breaks over 87.58 on volume.

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Arcadia Biosciences Inc (NASDAQ:RKDA) displayed relative strength on Friday and broke out above resistance at the $3.75 level on solid volume. The 4h 20EMA has been a strong resistance for days. Watching if this can go into $4.5's next week.

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Nio Inc (NYSE:NIO) After a great run in the first half of July, the stock has been in a correction mode. $10.46 is strong short-term support. If the stock holds the support then expect a good rally towards the level of $12 and then $12.45. On the 30m chart the MACD triggered a new buy signal as the momentum indicator crossed above its signal line. On the other hand, if the stock breaks the support on volume, it can go down again to 9.5 (closing gap). Definitely on watch next week.

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I feel Sundance Energy Inc (NASDAQ:SNDE) is on the verge of a big bounce from these cheap levels. The stock has formed a large falling wedge in the last few weeks and is showing signs of bullishness. I would look for a move up to $3.25 in the coming sessions. If it passes that, there is very strong resistance at $4 coming up next.

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Hepion Pharmaceuticals Inc (NASDAQ:HEPA) closed up 10% on Friday and strong momentum appears to be building rapidly. The stock price broke out of a base formation on decent volume and could eventually rally up to test the 4.80 resistance zone again. HEPA has seen huge gains over short periods in the past and I believe this breakout could trigger another bull run. From a technical standpoint, the positive momentum seems to be back as the stock is back above the major medium-term EMAs with the RSI going up and MACD in the positive territory.

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FORESIGHT AUTON/S (NASDAQ:FRSX) is forming a large ascending triangle formation on the daily chart, which is usually bullish and could end up in a price spike on the break.

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SPARTAN ENERGY /SH (NYSE:SPAQ) has found a bottom here and looks poised to post a rally from current levels. We start to see some signals of rebound as the technical chart shows positive momentum is back. If stock breaks 15.81 then the stock can head to 18 and if this level is breached then the level of 21.5 is visible. Long setup on watch.

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Urban One Inc Class D (NASDAQ:UONEK) Still on TOP of my watchlist. Key resistance is located at $1.78, a break above this level will confirm a new bullish trend and the following uptrend will take the price up to the $2.5 zone. The MACD is turning up, which is a sign of growing strength in the stock. I think it's worth adding to your watchlist.

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JAKKS Pacific, Inc. (NASDAQ:JAKK) well-positioned as a bottom bounce play at 5.90 a share. I know that it is too early to say for certain but looking at the chart above is very likely. The stock took a big drop in just a few weeks, and is presently trading at levels very low. It's hard to believe, but the share price is now 50% cheaper than was in June and trading in oversold conditions. If it starts to move above $6 with strong volume, that will be an indication of a bounce. Keep JAKK in your watchlist.

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: , , , , , , , , , ,

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  • I'm a 46 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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