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Saturday, November 16, 2019 

Swing Trading ideas for the upcoming week

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Shares of ZOOM (NASDAQ:ZM) are starting to heat up again and are worth watching next week. If volume can pick up, I think this stock can break through resistance at $71.1 (Friday's high) and re-test its daily EMA100 in the coming sessions. You should watch this stock closely on Monday.

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ADT Corp (NYSE:ADT) is a stock to watch closely on Monday. It continues to perform strongly and appears poised to breakout to new highs after a nice consolidation. Keep an eye on it for a possible breakout over 8.47

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CEI hit $1.80 yesterday and is worthy of a little attention. In all honesty, I dont like this stock, but it could see some more buying next week, so I'll have to put my own feelings aside. Technical's are looking up as we see only minor resistance at 1.80. Once it breaks this pivot level we can see it hit the higher levels in minutes. CEI is a trade for next week.

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OpGen Inc (NASDAQ:OPGN) is one for the bottom pickers. Nice bullish hammer candlestick printed on the daily chart, so in my humble opinion it could be a good entry point to start a long position. In addition, the stock remains in very oversold conditions.

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Valeritas Holdings Inc (NASDAQ:VLRX) showed more signs of strength on Friday's session, as the stock closed up 13 cents on the day. The stock has strong resistance around $1.61, and breaking above could take the stock to $2.34 in a very short time frame.

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Veritone Inc (NASDAQ:VERI) Upside volume is picking up and a bottom pattern is taking shape. The daily technical indicators are looking better for the stock with MACD flashing a buy signal, %K line on top of %D line and RSI indicator moving up. Keep an eye for a possible breakout over $2.88 NOTE: Director purchased more than 133k shares last week.

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I still holding Obalon Therapeutics Inc (NASDAQ:OBLN) patiently for higher expected levels ahead. The stock remains in a short up trend. Further rise to test 2.10 resistance is still possible, and a break of 1.8 will confirm such case. CEO is buying a lot of shares at current levels. They must know something positive about the company. Keep it on watch. Im accumulating.

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Scworx Corp (NASDAQ:WORX) the action for this stock was a little suspect on Friday after the company reported a strong revenue increase in the 3Q 2019. I was expecting a strong gain, but i forgot that many small cap stock investors do not like to hold these names into the weekend. The trading was likely old shareholders liquidating without knowing the true value of the report. I still like WORX for more gains.

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Globus Maritime Ltd (NASDAQ:GLBS) printed a nice doji candlestick on Friday's trading, which indicates a potential reversal. I believe there is a high probability of seeing a meaningful bounce in the stock in coming days as the stock seems to be forming a double bottom. There is a gap to be filled over 2.20

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FuelCell Energy Inc (NASDAQ:FCEL) After making a move from 39 cents to $1 the stock has pulled back and consolidated. It needs to work out the overbought condition to start a new rally. The stock withstood a sell off (Typical profit taking) after hitting recent highs and has been trading in a tight range ever since. Volume has been dwindling compared to the volume we saw at the start of this rally in early November. The risk is also there for a decline back to prior levels, but for now from a bullish perspective the chart look compelling. As long as the stock holds the 72c level, the uptrend remains intact.

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, November 09, 2019 

Stocks to Watch for November 11, 2019

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Tilray Inc (NASDAQ:TLRY) on watch for a quick reversal. It has been holding this small trading range for the last sessions and I feel the next move will be higher. Go long on the break of Friday’s high at 24.10 The momentum in the short-term remains bullish, with MACD trending upwards above its signal line. Long setup on watch.

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Cronos Group Inc (NASDAQ:CRON) another potential reversal play. The stock is reversing off lows and is seeing strong buying volume. We could see a follow-through day on Monday with the stock now trading above all short-term major exponential moving averages. The next clear point of resistance is $9.37

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Taronis Technologies Inc (NASDAQ:TRNX) is a stock I tweeted about last week as one to watch for a potential reversal as well as one that has been on my low float bottom scan. On Friday, that reversal came to fruition to the tune of an 14.29% gain for the stock. Congratulations to all that profited on this stock and its big move. There is no reason the upward trend will not to continue. In fact, there are several reasons on chart  signaling that the uptrend could accelerate this upcoming week.

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Ocean Power Technologies Inc (NASDAQ:OPTT) On my fireworks list for next week. The stock is right near its bottom and I think we could see a strong reversal over the coming days. Company will host a Commercial Update webcast and conference call on Thursday, November 14 at 11:00 a.m. EST. The presentation will include details of OPT’s recently announced sale of a PB3 PowerBuoy to Enel Green Power Chile, as well as updates on current projects, the products and services pipeline, and a review of new product innovations.

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I like Plus Therapeutics Inc (NASDAQ:PSTV) for a reversal. Chart looks to be making a turn here. This $2.55 stock will have its day sometime in the near future. In my view, is a great bottom play.

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Precipio Inc (NASDAQ:PRPO) is a stock I think deserves some watching over the coming sessions for a potential reversal.  Another stock whose pattern is looking quite good here for higher prices. Looks to be setting up for an upside move, as the stock has held up well the past few sessions. Breakout watch above 2.50

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 45 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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