My Watchlist for Monday, October 9
( click to enlarge )
BlackBerry Ltd (NASDAQ:BBRY) is forming a bullish flag pattern on the daily time frame. If the price breaks this pattern, then it could easily move towards its next major resistance level at 11.74. The stock is trading above all major exponential moving averages which means that the bulls are completely in control and therefore, there are definitely more odds stacked in favour of breaking this classic bullish flag pattern.
( click to enlarge )
Last week VirnetX Holding Corporation (NYSEAMERICAN:VHC) stock has finally broken its large sideways pattern on a daily time frame accompanied with massive volume. Although the RSI is now in overbought territory, it does not mean that a correction is imminent, but any pullback should find support around the $7 level. In the medium term, there is a high probability for a trend continuation.
( click to enlarge )
I am still holding a long position on Microbot Medical Inc (NASDAQ:MBOT). On the daily time frame, it seems to be forming an inverted Head and shoulders pattern whose neckline is placed at 1.54 and an upside breakout will take the stock to $2 in the near future. Shares saw unusual volume in Friday's after-hours trading after some rumors that the company may announce major partnership with Johnson & Johnson ( here is the Source ). You should keep this stock on your screen radar tomorrow.
( click to enlarge )
ImmunoCellular Therapeutics Ltd (NYSEAMERICAN:IMUC) looks like it could ready to break out! The stock has gained momentum following a consolidation in the past three months, which i believe could have eliminated many of the sellers. On Friday the stock closed 6.6% higher to 40c and the rally was driven on higher-than-average volume and positive money flow. Plus, key indicators are also in Bullish territory. MACD above both the zero line and its signal line. Considering the recent increase in volume (last two sessions), the stock seems positioned for a strong uptick in share prices. If it breaks the 42c resistance level, the next stop is at 66c.
( click to enlarge )
China Finance Online Co. (NASDAQ:JRJC) price finally closed above the pivot high last week, breaking the upper line of the bullish flag formation that has been intact since mid-August. The Bullish sentiment could push the stock price to the next key resistance of $2.80. The technical indicators are also sending Bullish signals. On watch.
( click to enlarge )
LiNiu Technology Group (NASDAQ:LINU) broke out on the up side and rallied quickly to near the $3.20 level on high volumes. Short-term technical indicators are looking bullish and the MACD on the daily chart recently produced a new buy signal. This is a high volatile stock so play with tight stops.
( click to enlarge )
Vical Incorporated (NASDAQ:VICL) looks like a possible V-Bounce candidate next week. Technical chart is displaying upside momentum again. I will be watching this stock closely on Monday. If it breaks the 2.71 level, we could see a sharp move up towards 3.2 levels over the next week.
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
( click to enlarge )
Herbalife Ltd. (NYSE:HLF) had a big pop on Friday and finally broke out above the key resistance level. With a short interest so high, we could see a short squeeze here. Daily technical indicators are also looking Bullish with the RSI indicator rising while the MACD is cutting above its signal line. Keep it on your watch list going forward.
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: BBRY, HLF, IMUC, JRJC, MBOT, VHC, VICL
