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Saturday, November 19, 2022 

Stock Picks for the upcoming week

 

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Indian Energy Exchange Ltd (NSE:IEX) looking bullish flagging on the daily chart. Next buy point when it clears 234.62 on volume with an SL around its rising EMA13

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Spirit Realty Capital Inc (NYSE:SRC) gave a pocket pivot buy point on Friday. Watch for a good follow through day next week.

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Yatra com (NASDAQ:YTRA) Big Breakout on heavy volume. Buyable on a pullback to the pivot. The technical daily chart shows a continuation of the trend with MACD and RSI in the Bullish areas. There is a good chance the stock will continue to move up next week. Next pivot point lies at $3

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Mullen Automotive Inc (NASDAQ:MULN) In a shorter time frame price is still trading sideways. Major resistance around 33c. I think it’s likely that bulls will attempt a test of that level again in the coming sessions.

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Wisekey International Holding AG (NASDAQ:WKEY) After Friday's news I think this stock is heading back over $2. I like this stock for the next few weeks. Keep it on your watchlist.

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Blue Apron Holdings Inc (NYSE:APRN) Some signs of selling exhaustion have emerged. We have all seen how quickly the stock can head higher, when the buyers come. I believe the stock is ready to post a sizable bounce from current levels. Gap fill candidate next week.

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Digi International (NASDAQ:DGII) needs to break above 42.05 next week to make a new higher high and extend the current upward trend. On watch.

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Nuwellis Inc (NASDAQ:NUWE) This penny stock is still in play for me for a swing trade. The recent offering was closed at 25c. I wouldn't be surprised to see the stock test 20c at some point over the next few weeks. The chart shows a possible reversal in trend. A breakout beyond $.132 will take the price to $.20 (it's important to remember that penny stocks are very risky, so play accordingly).

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Hour Loop Inc (NASDAQ:HOUR) Flagging with possible acceleration above $3.05 resistance

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Apple (NASDAQ:AAPL) has become increasingly bullish and is setting up for a potential swing trade. Breakout watch over 153.59

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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, November 13, 2022 

Stocks to Watch for the Week of November 14

 

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Meta (NASDAQ:META) had another positive day on Friday closing the week above its 50-day EMA. I called the stock as a potential bottom play earlier last week due to its low price to earnings ratio (below 9). When I made the call I noted that the gap down from $127 would be the first place to look at as the target on a rebound. So, I continue to support the idea that META is currently a gap-fill candidate in the coming days.

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Exela Technologies Inc (NASDAQ:XELA) had an amazing rally on strong volume accumulation Friday. I expect a nice gap up at the open tomorrow.

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Imperial Petroleum Inc (NASDAQ:IMPP) It is only a matter of time before this stock gets back on its feet. The current status of the company is just too positive to dismiss. I like what the company does, its transparency and its growth potential. I do think IMPP shares are undervalued and offer a great opportunity. This stock looks poised to make a run for $1 in the near future.

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I like the chart of BioXcel Therapeutics Inc (NASDAQ:BTAI) alot . Probably one of my bio favorites. As you can see the stock broke out on high volume Thursday and was able to keep the strength on Friday by closing near the highs of the day. A break of 16 next week would confirm continuation of the trend, with a short-term target area of 20. Watch it fly in the upcoming weeks.

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Broadwind Inc (NASDAQ:BWEN) is making some nice progress as it works at the bottom of its range. I think this stock could see $2 and better short term. This was trading over $3.5 recently and could see that price again medium-term.

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A quick look at WIMI's chart shows a stock that has been on the downfall for six weeks. Catching a falling knife carries tremendous risk, although risk takers can be rewarded with sizable gains. This was the reason why I took a position on Friday at 60c, before it changes its trajectory. Short-term bottom looks to be in and the risk of more bloodshed is a lot lower than it was months, weeks, or even days ago. Swing idea.

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Kidpik Corp (NASDAQ:PIK) stock was very active in the last hour of trading and after hours on Friday. It traded over 50% of its authorized shares and I think it will gain momentum in the days and weeks ahead. This was a $3.5 stock four months ago.

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Tricida Inc (NASDAQ:TCDA) is still on watch for an impressive breakout. I'm looking for a run to 60c at least.

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Canoo (NASDAQ:GOEV) The buying was coming quickly on Friday for this stock. I am interested to see if it keeps going tomorrow.

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 48 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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