AC Investor Blog: 01/01/2018

Swing trade setups for next week

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The stock market’s rally has been impressive since the start of 2018. The major indexes are now up about 8 percent in just one month, pushing RSI readings at levels not seen for a long time. As I mentioned on twitter yesterday, high RSI readings are usually interpreted as indications that a market is overbought, and 88 is a pretty high level for the RSI specifically in an index . So, based on that factor, i recommend you to be prepared for a potential pullback by holding a diversified portfolio with some protection because nothing can go up forever. I started buying some volatility last week as I think this market euphoria could end badly without some kind of consolidation or correction, and the volatility will be back again and much bigger than what we've seen before. That’s my thoughts and it must be seen as such, just a thought with some rationality. Honestly, i believe the easy gains have already been made in this market, and the losses on any downside move could be very sharp, erasing any profits that have piled up. Not wanting to scare anyone, the euphoria is not good in any case. I lived the dot com boom/burst and now im better prepared for anything that might happen. I still holding few longs positions in small/big names. Even so, there are some interesting setups that I will share for the coming week. As usual, use tight stops and have always a plan in mind for the ones that tends to fail.

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With the VIX trading above its EMA200, and with the short-term EMAs turning up, it appears the market's volatility could be back in the near term.

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Twitter Inc (NYSE:TWTR) Strong rally on heavy volume Friday following takeover rumors. This is a bullish sign, which is why I will be watching the stock on Monday. Resistance for this move is $25.85, which was the recent highs. Keep it on your screen next week.

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Pfizer Inc. (NYSE:PFE) was another winner for my twitter followers last week. After drifting for weeks the price finally broke out of a consolidation accompanied by high volume. Friday’s high was $39.09, which is resistance for the follow through move.

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Clean Diesel Technologies, Inc. (NASDAQ:CDTI) stock has back tested successfully the breakout zone. Let's see if the price can hold above this key support area next week and move higher.

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NXT-ID Inc (NASDAQ:NXTD) was on my list a few days ago, and has been slowly trying to make a move up. The stock has to close above the 20-day EMA, for it to pick up momentum. Watch the stock closely next week. Stop 2.13

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Daily chart is displaying upside momentum. I will be watching Facebook Inc (NASDAQ:FB) closely next week for a breakout above 190.66

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I have Immune Pharmaceuticals Inc (NASDAQ:IMNP) on my watchlist. It may be ready to break out of this base formation. Potential swing long above 62c

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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: $INDU, $VIX, CDTI, FB, IMNP, NXTD, PFE, TWTR

19:24 | Permalink |

Stocks to keep an eye on Thursday, January 25

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MannKind Corporation (NASDAQ:MNKD) is lining up for another serious bull run and it has the potential to become one of the most explosive breakout play opportunities for tomorrow due to its high short interest. Today it had a great move on the upside and closed at $2.69 on high volume. The stock is setting up to break out and has one more level to go, which is $2.73. A break above this resistance should at least push the stock to $3.5 per share. Long setup on watch.

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DPW Holdings Inc (NYSEAMERICAN:DPW) basing here. The buy/add point would be when it breaks over 2.57/2.62 area on heavy volume. Stop 2.01

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Anthera Pharmaceuticals Inc (NASDAQ:ANTH) had a remarkable move up today with very high volume. Looks good over $1.92 on volume. The short-term uptrend is intact and signals further bullishness on this stock.

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I have been watching Gogo Inc Presbia PLC (NASDAQ:LENS) over the past few days, waiting for a possible upside move. The stock seems to have found a strong support at present levels and the technical daily indicators are improving. Looks good over $3.65 with volume.

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Vistagen Therapeutics Inc (NASDAQ:VTGN) popped today above its major resistance line at 1.73 on huge volume. This strong move confirms the stock's reversal. Watch for continuation.

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KBS Fashion Group Ltd (NASDAQ:KBSF) Volume starts to pick up again. This low float stock could make a huge move to the upside. Keep it on your watch list. A break of $5.50 with force might give the stock room to +$8.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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: ANTH, DPW, KBSF, LENS, MNKD, VTGN

22:07 | Permalink |

Stocks to keep an eye on Monday, January 22

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Rexahn Pharmaceuticals, Inc. (NYSEAMERICAN:RNN) failed to close over the 200-day exponential moving average on Friday, now located at $2.42. A close over this level would be very bullish. I will watch the stock next week for a continuation move. Resistance for this move is $2.7, which reflects Friday’s high of the day. If RNN does break resistance, I expect to see the stock move very quickly. Long setup on watch.

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Extremely bullish moves on the stock have been taking place over the last weeks. Arrowhead Pharmaceuticals Inc (NASDAQ:ARWR) hit a new high on Friday of $6.4, which is now resistance for Monday’s continuation move. If the stock can break through resistance, we should see another strong upside move. ARWR will move very quickly, so watch the stock closely next week.

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Sunshine Heart Inc (NASDAQ:CHFS) displayed some impressive relative strength with a 8% gain on volume. The area comprehended between 4.4 and 4.86 represents a heavy resistance that has been attacked several times now over the past sessions by bulls. The power of Friday's move suggests an upward breakout that could impulse the stock towards the $5 area. I still like the stock.

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Pfizer Inc. (NYSE:PFE) has been in sideways trading range for the past month. The stock looks to have built a base and wants to make an upside move. If PFE can break through $35.37, we should see strong volume drive the stock higher. You need to watch this big cap closely because it could break resistance.

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Novavax, Inc. (NASDAQ:NVAX) has a very interesting technical daily chart as the stock looks to be ready to test/break the recent highs. All indicators are still in Bullishs areas. Keep an eye for a possible breakout over $2.14

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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: ARWR, CHFS, NVAX, PFE, RNN

21:29 | Permalink |

Trade ideas for this week

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Shares of Atara Biotherapeutics Inc (NASDAQ:ATRA) closed on Friday gaining more than 27.54% accompanied with heavy volume. The stock has been on one of the most amazing runs of this month. On the daily technical chart, the stock is in a strong positive trend after it broke out from a large base-building consolidation. At current levels the stock is extended with RSI at 89. I'm bullish on ATRA, but in situations like this, I prefer to wait for a pullback rather than chase the market.

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Ocular Therapeutix Inc (NASDAQ:OCUL) broke and closed above the key resistance zone at $5, signifying that a new short-term uptrend is in place. Further rise is expected to $6.25 zone. Daily technical indicators are also showing signs of recovery. Long-term investors may hold with a stop at $4.71. Let's keep an eye on it as i think momentum will pick up.

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AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) is gathering momentum to the upside and the first objective is at $3.33. Additionally, the technical daily chart shows a MACD crossover, a bullish sign. Long-term investors may hold with a stop at $2.56.

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Shares of Genco Shipping (NYSE:GNK) are starting to heat up again and are worth watching. If volume can pick up I think this stock can break through resistance at $14.34 and re-test its recent highs around $14.59.

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PTC Therapeutics, Inc. (NASDAQ:PTCT) had a very good bullish rally last week accompanied with large volume. The stock is now near the red line as RSI approaches the 90 level. It may still move up some cents, but I expect a correction any time. Right now it is way too risky for a long position. Wait for a pullback to re-enter.

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There is no change from my previous updates on KBS Fashion Group Ltd (NASDAQ:KBSF). The MACD oscillator is above zero and above its trigger, showing strength for the price to continue its upward path. If it breaks 5.56 the stock will absolutely fly into the 8's right away.

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Net Element International Inc (NASDAQ:NETE) has been holding in a tight range and looks poised for a break to the upside. A break above 12.35 on a close basis should be seen as a serious threat for the stock to test the highs of December.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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: ATRA, AVEO, GNK, KBSF, NETE, OCUL, PTCT

20:53 | Permalink |

Stocks to keep an eye on Friday, January 12

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Rite Aid Corporation (NYSE:RAD) showed some strength on Thursday and closed nicely above the 2.27 resistance level on solid volume. This could be a significant turning point for stock.

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The money seems to be flowing into One Horizon Group Inc (NASDAQ:OHGI) as indicated by the OBV indicator on daily. With no resistance between $2 and $2.78, a break above the $1.75 area can see the stock trade in the $2 area pretty soon. Im long and strong with a stop around the 1.38 area. The key technical daily indicators have also begun to turn bullish, with key EMAs displaying a golden-cross following today's move. Have this on your watchlist.

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Caterpillar Inc. (NYSE:CAT) remains very strong on charts. She's extended but no one seems to care. I would wait for a little more consolidation before jumping in, but it looks like CAT is a stock to keep an eye on for awhile. So, I will be watching her carefully for any possible opportunities.

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Sociedad Quimica y Minera de Chile (NYSE:SQM) broke out to new 52-week highs today. The stock which has doubled since July of last year is positioned for more upside. As long as the stock price stays above $60 area, the bullish scenario is still intact.

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Iconix Brand Group Inc (NASDAQ:ICON) attempted to breakout but did not succeed. A breakout from this bottom zone will give an excellent opportunity for traders to pick up long positions. Breakout watch over 1.36 (unusuall call activity detected today).

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Short covering in some China stocks produced some strong gains on Thursday. Shares of KBS Fashion Group Ltd (NASDAQ:KBSF) broke through resistance at $5 and closed above the downtrend line for the first time since November. Going forward the next levels to watch above are seen at 6.24 and 7

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Myomo Inc (NYSEAMERICAN:MYO) is setting up for another run. Lets see if it breaks and closes above the EMA50. Long set-up on watch.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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: CAT, ICON, KBSF, MYO, OHGI, RAD, SQM

22:02 | Permalink |

Stocks to keep an eye on Wednesday, January 10

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Helios and Matheson Analytics Inc (NASDAQ: HMNY) A break and close above $7.75 might trigger further gains in the near term. Daily technical indicators are turning bullish.

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I think Pyxis Tankers Inc (NASDAQ:PXS) has found support around the $2.2/2.30 range and looks poised to post a strong bounce from here. We could see a possible bounce up to $3.5-$4 a share if it can get passed the resistance at $2.99. I bought few shares on Tuesday.

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Sunshine Heart Inc (NASDAQ:CHFS) Still watching for a move out of this bottom trading range. Big volume on up days lately. This stock has a lot of potential for a squeeze. On watch.

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vTv Therapeutics Inc (NASDAQ:VTVT) Watch for the break of this bullish flag formation, go long when it breaks.

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LiNiu Technology Group (NASDAQ:LINU) Closed back above the EMA200. Watch for this one to go higher, the stoc had good volume and a nice big candlestick on Tuesday.

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BlackBerry Ltd (NYSE:BB) shares could shoot higher as shorts continue to get squeezed. A breakout above 14.55 could attract further fresh buying interest and could potentially set the stage for another significant leg higher in the stock. Immediate resistance 15.77

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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: BB, CHFS, HMNY, LINU, PXS, VTVT

10:27 | Permalink |

Stocks to keep an eye on Friday, January 05

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Chinanet Online Holdings Inc (NASDAQ:CNET) saw its shares surged almost 780% to $9.56 per share today after announced a strategic partnership with Wuxi Jingtum Network Technology and the expansion into the blockchain industry and its related technology. Looking at this monthly chart, the stock has a strong resistance around the $13 level. We can expect to see a huge volatility in the stock, so play with tight stops.

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Izea Inc (NASDAQ:IZEA) another low float stock that could be in the early stages of a technical breakout. If the stock can break through 5.6 level, expect to see heavy volume drive the stock higher. Next resistance lies around the $7 area

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Zix Corporation (NASDAQ:ZIXI) Volume starts to pick up. Could make a nice move to the upside. A break of $4.65 with force might give the stock room to $5.20

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China Information Technology, Inc. (NASDAQ:CNIT) had a nice breakout with a pop of 45c to $2.02 or 29% on 3M shares, the biggest volume in a couple weeks. The heavy buying makes this an interesting situation and one worth watching on Friday.

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xG Technology Inc (NASDAQ:XGTI) is screaming for a strong rally opportunity and I think we can see some nice moves very soon. Keep on watch.

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Very bullish action on Xunlei Ltd (NASDAQ:XNET) this week. The stock firmed around 14-15.1 and then broke out with two days of high volume. Looks good for higher prices. Use the rising EMA9 as stop for long positions.

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Myomo Inc (NYSEAMERICAN:MYO) shares may be in a consolidation phase following a nice trend. Looks like it will move up again. Keep an eye for a possible breakout over $4.04

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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: CNET, CNIT, IZEA, MYO, XGTI, XNET, ZIXI

22:17 | Permalink |

Stocks to keep an eye on Wednesday, January 03

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What a rally for this stock late in the day. Helios and Matheson Analytics Inc (NASDAQ:HMNY) is a stock that is still flying under the radar of so many traders. Lets see if we can get a move back over $7.40 (200-day EMA) tomorrow. If the stock closes above this key resistance level, you could see a big turnaround in this stock.

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Pareteum Corp (NYSEAMERICAN:TEUM) cleared resistance on expanding volume and looks ready to extend recent its gains. The technical chart is still showing buy signal with stock trading above all key exp moving averages and MACD on top of 0. Keep an eye for a possible breakout over $3.15

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Intrexon Corp (NYSE:XON) broke out in a big way on great volume. I think we'll see some nice follow through tomorrow.

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My Size Inc is back on the list for Wednesday’s trading session. Nice bullish candle on high volume today. Looks like higher prices to come. The company will release a technological breakthrough at CES this weekend. Immediate resistance reflects Tuesday’s high.

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Kitov Pharmaceuticals Holdings Ltd (NASDAQ:KTOV) daily technical indicators are displaying good signs. Watching for a breakout soon. Pivot point 2.48 If surpassed, an upside move could be stretched to 3/3.20. Im long.

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FORM Holdings Corp (NASDAQ:FH) I remain firmly bullish on this stock and I think it could see $2 or better in the near future.

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SAExploration Holdings, Inc. (NASDAQ:SAEX) Still flagging. Over 2.30 this one could move fast.

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22nd Century Group Inc (NYSEAMERICAN:XXII) closed with a strong bullish candle. This momentum could push this stock much higher from here. Go long on the break of Tuesday’s high.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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: FH, HMNY, KTOV, MYSZ, SAEX, TEUM, XON, XXII

22:14 | Permalink |

AC Investor Blog

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

Saturday, January 27, 2018

Swing trade setups for next week

Wednesday, January 24, 2018

Stocks to keep an eye on Thursday, January 25

Sunday, January 21, 2018

Stocks to keep an eye on Monday, January 22

Monday, January 15, 2018

Trade ideas for this week

Thursday, January 11, 2018

Stocks to keep an eye on Friday, January 12

Wednesday, January 10, 2018

Stocks to keep an eye on Wednesday, January 10

Thursday, January 04, 2018

Stocks to keep an eye on Friday, January 05

Tuesday, January 02, 2018

Stocks to keep an eye on Wednesday, January 03

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