My Watchlist for Thursday, October 12
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Alphabet Inc (NASDAQ:GOOG) surged 1.71% to $989.25 per share breaking out an important resistance on decent volume. We should be able to see some decent upside movement for the bulls here. Technically, the stock still in a very strong bull market with MACD on top of signal line and 50-day exponential moving average on top of 200-day exponential moving average. Long setup.
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Zosano Pharma Corp (NASDAQ:ZSAN) had a great move on the upside today and closed above the declining 50-day EMA for the first time since June. Based on the volume, the stock is clearly under accumulation as traders become familiar with this company's potential. Any close above the $1.10 mark should be seen as a serious threat for the stock to test the 1.50 area. I believe ZSAN could make a solid move higher given both its fundamental and technical factors.
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Snap Inc (NYSE:SNAP) Nice price movement on solid volume today. Looks ready to break the declining 100-day EMA at 16.13. Keep it on your watch list going forward.
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DelMar Pharmaceuticals Inc (NASDAQ:DMPI) is forming a rounding-bottom reversal pattern on the daily chart. I'm still convinced that a breakout is coming sooner or later, and the move will be powerful if it breaks out upwards, due to the high short interest. On watch.
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WPCS International Incorporated (NASDAQ:WPCS) Congrats to those who paid attention yesterday (alerted on twitter at 1.65). The stock closed up 19% on a monstrous 10.2M shares traded. To receive FREE alerts before the crowd, follow me on Twitter.
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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Pain Therapeutics, Inc. (NASDAQ:PTIE) Good for swing trade. The 200-day EMA at 4.96 is an important resistance that once broken will set off a huge run up in price, the 1st target would be $5.95. Key technical indicators are implying that investors have become more bullish since early September. The setup looks good for an upside breakout. On watch.
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: DMPI, GOOG, PTIE, SNAP, WPCS, ZSAN
