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Saturday, November 26, 2016 

My Watchlist for Monday, November 28

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Voltari Corp (NASDAQ:VLTC) I have been researching researching the small cap market (low float stocks) for the past couple of days to find a fresh play and finally I have found what I believe to be the perfect opportunity. This stock has a technical set-up that many of my previous winning alerts have had, a small market capitalization and low float. VLTC closed on Friday at 2.70, there was a steady increase in volume towards the end of the week, leading me to believe that this company is starting to attract again some serious attention from investors. As you can see above on the weekly chart, the stock broke the falling wedge pattern to the upside on high volume. For coming sessions, as long as prices hold the support of 2.40 levels (EMA9) could see upside rallies towards 3.70 followed by 4.57 (EMA100) or even higher to 5.50 levels.

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The famous activist investor Carl Icahn has a huge stake in the company (52.69% or 4,739,620 shares). It is interesting to see here also names like Goldman sachs and Morgan Stanley. Plus, this stock has a huge short interest with a short ratio of 15.7. I believe that price may continue its rally next week. A continuation of the rally could cause a short-squeeze situation, and im here to see it happens. For these reasons, i started a position last week (I tweeted my entry order).

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) closed at 1.60 on Friday. The next resistance is at 1.64 and 1.66 respectively. The technical daily chart continue to show a bullish bias. The MACD line is pointing up. RSI is also increasing and is now above the 50% level. Additionally, the stock is forming a Possible Inverted H & S pattern. This is generally a bullish pattern, so a rally could happen. Let's see if the stock price next week will confirm it.

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Im still holding Tokai Pharmaceuticals Inc (NASDAQ:TKAI) with patience for higher expected levels ahead. We need to keep a close eye on the trend line on chart and resistance area. A break and close above it could take the price towards the next resistance area, which is at the EMA50. MACD is rising and CMF is positive, supporting a move higher. On watch.

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Vuzix Corporation (NASDAQ:VUZI) continues to show strength. I think that the continued strong volume on upside moves indicates more than just short covering. Watch the $8.50 level.

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ContraVir Pharmaceuticals Inc (NASDAQ:CTRV) seems to have broken the bullish pennant last Friday (mentioned several times). As such, if it confirms the breakout this coming week, a strong move upward over the next month should be seen. This stock should be closely watched next week.

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Friday was big day for Skypeople Fruit Juice Inc (NASDAQ:SPU) as it broke the trend line mentioned above. I would really like to see some follow-through next week. If it does not blast out of the gates, a buy on the pull back could provide a profitable trade. On watch.

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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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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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