AC Investor Blog: 09/01/2016

My Watchlist for Thursday, September 29

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BlackBerry Ltd (NASDAQ:BBRY) finished with a nice bullish candle after reported good earnings/guidance, showing clear signs that its turnaround efforts is giving the first results even with less revenue. While the major support remains intact at 7.49, any close above the 8.36 can indicate that the next leg of the rally could go up to the 9.46 level. Checking on the daily technical indicators, MACD is rising above the signal line in postive territory and RSI is constructing higher lows and higher highs, both suggesting further upside. Stay tuned.

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FuelCell Energy Inc (NASDAQ:FCEL) is a stock that could head higher from Wednesday's close. FCEL is in the process of bottoming and I expect a pop above $5.50 very soon. The option traders were active in this name buying a lot of calls (Nov $6). A breakout over $5.50 with strong volume would send this flying.

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Tokai Pharmaceuticals Inc (NASDAQ:TKAI) Today I am giving readers a stock that I have alerted in the past and had several times double digit gains in just one day. I rarely alert the same play more than once in a short period of time but TKAI is set up so perfectly that I cant resist. As you could see by the daily technical chart above, the stock has the potential to witness a significant uptick. In the short-term, it seems to be forming a bull flag pattern after a nice rally. Breaking above 1.60 will signal the breakout of this flag formation pushing the stock towards 1.85. With a break of this key resistance point, the chart then enters into blue sky breakout territory (BIG GAP) and future resistances are not until way above. Be sure to get it on your radars. Im long and my stop is located at 1.24

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) was added to my watchlist as a potential breakout-play. The stock had a very productive day as we saw gains of nearly 8% on volume above average and I believe it has more room to run. Nearest resistance for the stock is at $6.12. If this level is crossed and the stock is able to sustain above this level, then it might go to 6.65-6.76. Let's keep an eye on it as i think momentum will pick up. Stop 5.38

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FireEye Inc (NASDAQ:FEYE) showed buying strength all day. The stock is on the verge of breaking out and it could happen very soon. MACD and RSI all point to upward trend. Added this stock today.

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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

Labels: BBRY, FCEL, FEYE, TKAI, ZIOP

22:24 | Permalink |

My Watchlist for Wednesday, September 28

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Keep a close eye on Micron Technology, Inc. (NASDAQ:MU) tomorrow. If it can break out above $18.08 with heavy volume, I think the stock could shoot up to test $20 area. There looks to be good upside potential, so watch the stock very closely on Wednesday.

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Ocean Power Technologies Inc (NASDAQ:OPTT) is starting to turn back up again after a long pullback. The stock finished the session with solid gains of +11% and looks right on the verge of a strong breakout. If it breaks the 7.33 level tomorrow, the move could be powerful and the following uptrend will take price up to $10 zone.

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CONSOL Energy Inc. (NYSE:CNX) has a very interesting daily technical chart as the stock looks to be ready for another upside move. All indicators are looking Bullish. Keep an eye for a possible breakout over 18.45.

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ProNAi Therapeutics Inc (NASDAQ:DNAI) hit my scanner today with volume 5x above avg. The stock is in the process of bottoming and I expect a pop above $2.04 at some point in the coming sessions.

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Second Sight Medical Products Inc (NASDAQ:EYES) is displaying a screaming buy divergence on the upside. A close above 3.45 will impart bullishness and will help the stock move to the $3.90 area.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: CNX, DNAI, EYES, MU, OPTT

22:27 | Permalink |

My Watchlist for Tuesday, September 27

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Casella Waste Systems Inc. (NASDAQ:CWST) broke out of an important consolidation area with a long white candlestick. Stock still has more fuel in its tank for a move higher.

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TrueCar Inc (NASDAQ:TRUE) has been in a small bullish consolidation pattern over the last 3 sessions slightly below the 50-day EMA. A break of the $9.12 level could result in an acceleration to the upside with next target seen at 9.93

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Keep a close eye on Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH) tomorrow. The stock looks right on the verge of a breakout. The key resistance is located at 10.48, a break and close above this level will confirm the new bullish trend and the following uptrend will take price up to $11.30 zone.

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WidePoint Corporation (NYSEMKT:WYY) is one stock for the bottom pickers. There are early signs in the indicators, that a larger move may be coming. The MACD indicator is showing signs of reversal and the high volume here (at bottoms) is usually an indicative of demand in the background. If the potential buy signal confirms itself, I will be looking for a move to the resistance area at 48c-52c at the very least. The stock could have good upside potential, so watch the stock closely this week.

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IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) Monday's action suggested that there is more room for the uptrend to grow on stock. A sustained break of $2.34 on volume should bring the stock price to a test of the Feb highs in the $3 area.

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Amarin Corporation plc (ADR) (NASDAQ:AMRN) displayed some impressive relative strength today with a 6% gain. On the technical side, MACD and CMF all point to upward trend while RSI is also rising. The stock broke and closed above resistance at $3 and should continue to move. Next major resistance lies around the 3.45 area.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: AMRN, CWST, IPCI, SPWH, TRUE, WYY

22:32 | Permalink |

My Watchlist for the week of September 26th

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Apple Inc. (NASDAQ:AAPL) has been consolidating its big run from 102.53 to 116.18 earlier this month in a bull-flag formation. This is a bullish trend continuation chart pattern, indicating the continuation of an existing bullish trend after a small pause. The 110 area seems to be a strong support, so as long as AAPL stays above that point there could be more upside ahead. If it does rally, I would look for it to at least rise back up to Nov 2015 highs around the $121 level. On the flipside, if it falls below the 110 level, then there could be some trouble for investors as the stock may then come down to $105 in short-term. But for now, technically the bullish case is intact.

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Chiasma Inc (NASDAQ:CHMA) broke out of its significant intermediate-term resistance and surged considerably higher amidst impressive buying pressure on Friday. I'm going to keep an eye on it and see how it reacts next week. The outlook is now positive and a move to 3.7-3.90 appears likely. Stop-loss 2.5. Friday’s high of $2.98 is resistance for the next upside move. If the stock can break through this level, we should see a strong move. CHMA can be a good trading stock, so keep it on your radar for the next few days. On the technical side, indicators are sending bullish signals. The MACD is above the signal line and the RSI & Slow stochastic are bothrising above their 50% levels. Plus, the ADX is turning up form oversold lows. Moreover, the company has a strong cash position, nearly $4.50 per share or $115.6 million (as of June 30, 2016). Watch for a break of 2.98 to continue the uptrend.

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IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) finally broke out of a consolidation pattern last week accompanied by strong volume amid rumors of a potential takeover bid. Thursday’s high was $2.34, which is resistance for the follow through move next week. If the stock does break resistance, expect to see another strong upside move. The trend is bullish as the stock is now on top of its major EMAs. So, keep an eye on her.

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The potential rally in Tokai Pharmaceuticals Inc (NASDAQ:TKAI) shares was something that I tweeted several times in the past sessions. If you were following my twitter account you would have gotten the tweets when the stock was trading around the 1.30/35 cents. It ended Friday at $1.68 gaining more than 34% in the past week on massive volume. If you jumped in and booked your profits, congratulations. As i said on twitter, I still holding my shares because i do think it could reach the $2 price level or more in the coming sessions. The volume speaks for itself. Last week all dips were bought aggressively.

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FORM Holdings Corp. (NASDAQ:FH) shorts are about to get squeezed here. Looking at the daily technical chart, this stock seems to be forming a large ascending triangle with resistance at 2.80. I suggest keeping an eye on this pattern formation, the breakout should happen relatively soon and the target price is 4.40. If momentum continues as I expect next week, I believe there are lot of profits left on the table for traders to capitalize on.

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WidePoint Corporation (NYSEMKT:WYY) made a strong upside reversal on Friday in the last hour of trading. 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. Expect an initial run up to 59c with a break higher moving to the 65c zone. It has a good base at 38c which can be used as a stop loss for long position.

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Twitter Inc (NYSE:TWTR) shorts were squeezed Friday as the stock gained over 21% on Buyout Rumors. The price finally broke and closed above the 21 price level. Let's see what Monday brings. From a technical standpoint, pullbacks to 21 are buyable.

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Novavax, Inc. (NASDAQ:NVAX) has bounced over 100% from its recent lows. More importantly the bounce has been supported by the insider activity. Watch for a break of 2.41 to continue the short-term uptrend. Use tight stops here.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: AAPL, CHMA, FH, IPCI, NVAX, TKAI, TWTR, WYY

19:02 | Permalink |

My Watchlist for Friday, September 23

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Affimed NV (NASDAQ:AFMD) should be on your watch screen. Early this month stock broke out above the 50-day EMA on high volume and has been consolidating above that since then. It was indecisive today, closing the day at $3 but the volume was huge, which make me think that another breakout could be seen in the near term. The bias remains neutral in nearest term as price still trapped in range area of $2.86-$3.20 as you can see on my daily chart above. I feel there is a bigger move coming, which is why I will be watching the stock again on Friday.

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Adverum Biotechnologies Inc (NASDAQ:ADVM) The bulls are still facing a resistance at the declining 100-day EMA but I suspect the stock is about to break out higher. I wouldn't be surprised to see the stock test the $4.80 area at some point over the next few days. I really like this chart and expect to see another upside move soon.

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I keep watching FORM Holdings Corp. (NASDAQ:FH), waiting for this stock to break out of its Bullish consolidation. Go long on a close above 2.72

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Tokai Pharmaceuticals Inc (NASDAQ:TKAI) was one of the better picks today and I am looking for the stock to continue this move. The next resistance level beyond today's high is the declining 50-day EMA at 2.07. On watch.

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Ocwen Financial Corp (NYSE:OCN) is currently testing its horizontal resistance area around the 3.72 level. An upside breakout above this level could be the start of a new uptrend for this stock.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: ADVM, AFMD, FH, OCN, TKAI

22:34 | Permalink |

My Watchlist for Thursday, September 22

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In line with my anticipation, Juno Therapeutics Inc (NASDAQ:JUNO) confirmed today the reversal when it broke the downtrend line that had been in place since June. This momentum could push this stock much higher from here, so keep it on the radar. Next major resistance lies around the $34 level.

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Neothetics Inc (NASDAQ:NEOT) Thin name with a good looking chart. After consolidating sideways the last few days with an upward bias, the stock broke out upwards today accompanied by a volume surge. Could move toward 1.50 area if it breaks and closes above the declining 100-day EMA. The daily technical chart is bullish short-term with a lot of indicators showing up.

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BlackBerry Ltd (NASDAQ:BBRY) could move toward 8.30 area if it breaks current horizontal resistance at 7.82. Technical indicators are showing signs of turning around.

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Coiling up here. Celldex Therapeutics, Inc. (NASDAQ:CLDX) is potential breakout trade above 3.76 resistance area.

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Digital Ally, Inc. (NASDAQ:DGLY) MACD crossover and looking to see if stock can get over 6.34 for nice bounce into 7's

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Facebook Inc (NASDAQ:FB) watch for trend continuation toward 132 zone short-term.

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I'm watching Amazon (NASDAQ:AMZN) for a possible breakout from current rectangle pattern. Could accelerate if it breaks 790.79 resistance.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: AMZN, BBRY, CLDX, DGLY, FB, JUNO, NEOT

21:49 | Permalink |

My Watchlist for Wednesday, September 21

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Zafgen Inc (NASDAQ:ZFGN) displayed some impressive relative strength today with a 6.53% gain on volume well above the average and looks ready to break a recent high of $3.36. If it closes above this level, then it should be able to trade to the 3.70-3.85 ranges. Looking at the technical daily chart the near-term outlook is very positive. MACD and ADX all point to upward trend while RSI is also rising. Added to my swing long watch list.

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Adverum Biotechnologies Inc (NASDAQ:ADVM) Today the stock broke a short-term downtrend line, signaling a possible end of this corrective decline. By looking deeper on this technical daily chart, we can see that the price is forming a potential inverted head & shoulders pattern with the neckline around 4.80, breaching above it will push the price mainly towards 6.25. On my swing long list.

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) For the first time in 3 weeks, the stock closed back above the 50-day exponential moving average on solid volume. ADMP has a lot of potential to be a big percentage mover. Watch the stock closely on Wednesday, and once it breaks through $3.26, get ready to enter the trade.

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Juno Therapeutics Inc (NASDAQ:JUNO) Watch this trendline resistance closely and play accordingly. A Breakout seems to be imminent.

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Weight Watchers International, Inc. (NYSE:WTW) potential falling wedge breakout in the works. Watch the stock closely, and once it breaks through $10.33 (upper line of falling wedge), get ready to enter the trade.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: ADMP, ADVM, JUNO, WTW, ZFGN

21:58 | Permalink |

My Watchlist for Tuesday, September 20

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Trillium Therapeutics Inc.(NASDAQ:TRIL) has been consolidating in a bullish pennant formation above the key exponential moving averages and appears ready for another breakout. The stock hit a high of $14.19 on Monday, which is resistance for Tuesday’s continuation move. If the stock can break through this level, I expect to see a strong upside move.

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Mobileye NV (NYSE:MBLY) If this major support holds, the stock could see potential upside to 44, marking a retest of the previously broken support level for resistance. On the flipside, a break below 41 could see prices slip to 39.9, but a break below this level could see further downside extending towards 39. On watch.

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Second Sight Medical Products Inc (NASDAQ:EYES) The price action has remained under its daily 13-day exponential moving average for some time, however, there are many positive divergences, which suggest a possible price reversal at current levels, reinforced by a potential double bottom pattern. A break above $3.35 on a close basis would be bullish. Let's keep an eye on it.

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OvaScience Inc (NASDAQ:OVAS) Nice candle today on above average volume. Gap over $7.66

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The daily technical chart for Digital Ally, Inc. (NASDAQ:DGLY) shows the broken resistance at 5.69 (200EMA) which also marks a break out from the descending channel. I expect the current rally to potentially hit resistance near 6.50 in short-term.

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Idera Pharmaceuticals Inc (NASDAQ:IDRA) the "key" resistance has been broken today. The price can move up to 2.5-2.62 in the short-term. Now that the stock is above this horizontal resistance line , more buyers should be coming. Keep the stock on your radar.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: DGLY, EYES, IDRA, MBLY, OVAS, TRIL

22:08 | Permalink |

Here's my watchlist for the week ahead

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Fitbit Inc (NYSE:FIT) An intraday close above horizontal resistance $16 would bring expectations of a spike higher towards $18 followed by $18.85 (April highs). From a technical standpoint, indicators are looking bullish. MACD crossed back above signal line and is moving up in positive territory. AD is also rising and RSI has moved above its 60% level. The stock is a short squeeze candidate, with a short float at 38% equivalent to 7 days of average volume.

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FORM Holdings Corp. (NASDAQ:FH) I alerted this one on Twitter/blog last week as a potential mover and the stock did what it was supposed to do, closing yesterday above the 200-day EMA for the first time in months. Price showed a lot of strength in afternoon trading, moving steadily higher toward the closing bell and should continue this upside move next week. The stock hit a high of $2.71, which is resistance for Monday’s move. I expect to see another strong upside move to $3 and better in the coming sessions.

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Tokai Pharmaceuticals Inc (NASDAQ:TKAI)This is one you should keep your eyes on for the next couple of days. My system detected unusual call buying in the Oct/Nov 5 and 7.5 calls respectively last Thursday. On September 8th, the company announced that its Board of Directors has initiated a review of strategic alternatives for the company focused on maximizing stockholder value. So, i believe that someone might already know something and is betting on a strong move higher. The stock is very close to resistance, above the resistance line is bullish. The Accumulation line also spiked with price action which could act as a near-term catalyst as well. For the reasons mentioned above, i started a position.

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AK Steel Holding Corporation (NYSE:AKS) In the last week, I have been mentioning that support for stock should hold in the range of 3.9 to 4. Notably, the stock held up very well this area, relative to many of its peers. With the support holding well inside 3.90 ranges, my outlook stays exactly what it has been for past 4 days. Afterthe tumble the stock has taken since the July Highs, AKS is certainly starting to look cheap and a bounce could occur from here. On the upside the critical resistance is 4.35 and a break over that will support the above mentioned view. On the flipside any break below 4 should bring further consolidation. Watch the stock closely next week.

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Minerva Neurosciences Inc (NASDAQ:NERV) closed at 14.31 on Friday, reconfirming the new uptrend after the recent break of the 13.75 resistance level. Because of this, I feel that this stock is ready to go towards its next target of $15.84 level (52-wk high). From the daily technical chart we can see that the stock is on a bull market as it is trading above all EMAs and MACD is above Zero line.

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Revance Therapeutics Inc (NASDAQ:RVNC) had a strong day on Friday and broke through its 50 and 100 EMAs. The volume confirmed the breakout as it was greater than average. The stock might fill the gap next week.

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SCYNEXIS Inc (NASDAQ:SCYX) good relative strength compared to the market on Friday. Key resistance is located at $3.35, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $3.75 zone. The RSI is moving higher again, which is a sign of growing strength in the stock. I think its worth adding to your watchlist.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: AKS, FH, FIT, NERV, RVNC, SCYX, TKAI

11:43 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Wednesday, September 28, 2016

My Watchlist for Thursday, September 29

Tuesday, September 27, 2016

My Watchlist for Wednesday, September 28

Monday, September 26, 2016

My Watchlist for Tuesday, September 27

Saturday, September 24, 2016

My Watchlist for the week of September 26th

Thursday, September 22, 2016

My Watchlist for Friday, September 23

Wednesday, September 21, 2016

My Watchlist for Thursday, September 22

Tuesday, September 20, 2016

My Watchlist for Wednesday, September 21

Monday, September 19, 2016

My Watchlist for Tuesday, September 20

Saturday, September 17, 2016

Here's my watchlist for the week ahead

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