My Watchlist for Monday, March 06
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Snap Inc (NYSE:SNAP) Based on the first two days of trading and using the 5 minutes time frame we can see that the stock is now moving in a flat market structure stuck within a trading range of 26.5 (support) to 27.5 levels (resistance). Only a break of this trading range will signal the next significant move.
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MGT Capital Investments Inc. (OTCMKTS:MGTI) is back and with a vengeance! Based on the recent volume, we can all see that the interest for MGTI is evident. The stock continues to show room to run after have broken the downtrend line in late February. On Friday, it closed with an impressive gain of 20c (19.05%) to end the day at $1.25, extending its weeklong rally. It looks like there could be a short squeeze in the making that could possibly push MGTI to higher levels again. Next major resistance lies around the 1.50 area. If we break that level stock could see $2.8+ in next few days/weeks. MGTI is a bitcoin play.
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MYOS RENS Technology Inc (NASDAQ:MYOS) this stock should be in your watchlist again next week after has found a strong support in the 2.90 area. This company announced last week that will introduce a new line of muscle-health products this month, which could be a good catalyst for the next up leg. MYOS is a pure momentum play, but it also shows that it could possibly be a good play to follow this month. As the short-term trend is upwards, I favour an eventual topside breakout from the $3.10 level over the coming sessions. Might be worth watching for a new move to the upside. Im long.
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Interpace Diagnostics Group Inc (NASDAQ:IDXG) Could be Set-Up for another Short Squeeze. The stock has been forming a nice base at just under $3 and the technicals are starting to look bullish again. Plus, the volume has started to expand again while the stock price is showing upside breakout of the base which could be a beginning of bulls participation. Trading at $2.88 IDXG has potential for a Breakout. On watch.
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Keep a close eye on Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) next week. I think in the short term it could see $3.50 but let's see a test and close above of $3 first. On watch.
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Cara Therapeutics Inc (NASDAQ:CARA) had a nice move on the upside Friday and looks like it wants to go higher. Resistance stays at $18.13, which is a big area that the stock needs to break and close above.
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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Community Health Systems (NYSE:CYH) continued its bullish momentum on Friday closing the session with a gain of 6.35% at $9.72. Immediate resistance remains around 9.80. A clear break above that area (ascending triangle pattern) could trigger further bullish pressure testing the EMA200. Momentum indicators also point to continuation of positive bias.
If you want to contact me for advertising opportunities on blog or twitter, then get in touch via emailDisclaimer : 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: CARA, CYH, EYEG, IDXG, MGTI, MYOS, SNAP
