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Saturday, May 18, 2019 

12 Trade Ideas For The Coming Week

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The strong move in Outlook Therapeutics Inc (NASDAQ: OTLK) shares was something that I mentioned on blog and several times on twitter even at a time when everyone had lost hope. A huge congratulations to all those who profited from my alert. It ended the session on Friday at $.2.10, gaining more than 75% for the week. I took profits and will keep it on my watchlist for a possible re-entry.

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Globus Maritime Ltd (NASDAQ: GLBS) jumped 8.91% Friday finishing the session near the highs of the day on high volume, suggesting buyers are stepping in. Key daily indicators on daily charts suggest continuation of positive bias and the stock price is likely to show further up side. If the stock breaks Friday's high, the momentum could move stock to the $4.3 area. NOTE: Firment Shipping Inc Reported 35.6% Stake In Globus Maritime Ltd. THAT'S A HUGE STAKE. Can GLBS repeat 200% rally in 3 days? Volume was strong let’s see if this rally has legs for another huge move.

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vTv Therapeutics Inc (NASDAQ: VTVT) has a chart set to breakout. The real fireworks should begin on the break of $1.67. Keep on watch list. Increased my position on Friday.

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I think Immunic Inc (NASDAQ: IMUX) has bottomed and is looking to make a move back over its EMA50 at $13.35 very soon. A nice bid was present at the end of the session and Friday’s momentum should carry through into next week. The recent positive news leads me to believe that at some point soon this stock will take off again. Still long, u know im a patient investor. NOTE: BioEquity Europe 2019 - Daniel Vitt, Ph.D., Chief Executive Officer and President of Immunic, will present a company overview at 5:15 pm CEST on May 20 at the 20th Annual BioEquity Europe conference, being held at the Crowne Plaza Barcelona Fira Center Hotel in Barcelona, Spain.

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Plug Power Inc (NASDAQ: PLUG) potential breakout trade above 2.6 resistance area.

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Sesen Bio Inc (NASDAQ: SESN) has seen steady accumulation and a nice price increase the last few trading sessions. Add this stock also to your watchlist.

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Still watching shares of Beyond Meat Inc (NASDAQ: BYND) due to the recent price action, volume, and momentum. As long as the stock holds above major support at 85.45 (previous resistance) the short-term uptrend is likely to resume.

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Keep a close eye on Amarin Corporation plc (NASDAQ: AMRN) next week. If it can break out above $18.28 on volume, I think the stock could shoot up to test $20 area. The daily MACD indicator is showing signs of reversal and the high volume is usually an indicative of demand in the background. There looks to be good upside potential, so watch it very closely.

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A large ascending triangle has been forming on the daily chart of VirnetX Holding Corporation (NYSEAMERICAN: VHC) over the past two months. The trend is clearly higher, but the daily MACD is displaying a bearish divergence to price and volume is dropping off. The current pattern has the potential for a large move (ascending triangle is usually considered as a bullish pattern). Let it play out either to the upside or downside, and look for an increase in volume for confirmation. On the other hand, news could also define next trend direction.

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I keep watching Ford Motor Company (NYSE: F) waiting for this stock to break out of its Bullish consolidation. Go long on a close above 10.5

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Jaguar Health Inc (NASDAQ: JAGX) This penny stock had a strong day on Friday and broke through its downtrend line on volume expansion. Watch for trend continuation toward 0.238 zone short-term.

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Arlo Technologies Inc (NYSE: ARLO) is currently testing its declining EMA50 around the 4.36 level. An upside breakout above this level could be the start of a new uptrend for this stock. Im accumulating at current levels.

Note: I will take few days off from May 23th to 26th and back to office on May 27th (Monday)

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, May 11, 2019 

Interesting setups that you should watch next week

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Overstock com (NASDAQ:OSTK) broke the downtrend line with a nice volume and 9 &13 EMA to the upside and as long as $13 level holds we see upside continuation. Yesterday, bulliish candle on a read market confirms the strength of bulls and it gives us a buyl opportunity. MACD and RSI also confirms the price reversal. Next major resistance lies at 15.61 (EMA50)

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Co-Diagnostics Inc (NASDAQ: CODX) The price broke the downtrend line and moved above the short-term EMAs. It gives us a signal that the stock becomes bullish and we have to search for buy opportunities. The bullish divergence on indicators also tells us about possible trend reversal. DMI is turning positive just as MACD has already done. It appears a reversal to the upside is underway. This stock should be able to rally into the gap zone. I entered long last week.

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Biopharmx Corp (NYSEAMERICAN: BPMX) is still in bottoming mode it looks like. The technical indicators are looking better now for the stock. The daily MACD is starting to rise, confirming a bullish divergence has taken form. As I mentioned earlier on twiiter, BPMX has had days when it exploded out-of-the-gates and made tremendous gains. We know that past performance is not always a guarantee of future performance, but we could learn from how BPMX has reacted in the past when it reaches extreme oversold conditions and in the past this stock has made double-digit moves upwards within one day. The stock has the potential to make a big run next week, so keep a close eye on it and don’t miss the trade. As i tweeted, im long.

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Marathon Patent Group Inc (NASDAQ: MARA) had a great move on the upside Friday, fueled by the strength of Bitcoin and closed at $2.92. The stock is setting up to break out and has one more level to go, which is $3.05

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Cool Holdings Inc (NASDAQ: AWSM) broke out from a falling wedge pattern accompanied with high volume. We should be able to see some decent upside movement for the bulls here. A positive MACD cross has occurred and RSI is moving up strongly. Next immediate resistance lies at 3.66 (EMA200).

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Village Farms International Inc (NASDAQ: VFF) price broke a consolidation resistance line with heavy volume. The technical daily chart shows buyers are back. With the surge this week %K line is again on top over %D line showing the stock is back to new rally. Also +DI crossed above -DI. A move towards $14 can be expected as long as $11 holds.

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Mustang Bio Inc (NASDAQ: MBIO) wants to break out and move higher. If we close above 4.5, we can run to 5 easily.

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Workhorse Group Inc (NASDAQ: WKHS) I think stock should pullback to $1.73 per share before making the next move. If support holds, then it'll advance again to a new high, but if support fails, then the next level of support is at $1.57. Any fall below this level will ring my alarm bells and would signal a definite reversal.

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Uber (NYSE: UBER) The first IPO day was a huge disappoint as expected. Stock needs to hold the $41 in order to avoid another sell-off.

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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