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Saturday, February 10, 2018 

Potential bounce next week ? Some great setups to watch

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Apple Inc. (NASDAQ:AAPL) printed an impressive bullish reversal candle on the daily chart yesterday after a decent rally into the close, but bulls failed to close above the 200-day EMA. If the stock can break Friday's high, I think we will rally back to the $165 level.

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BlackBerry Ltd (NYSE:BB) bounced sharply up again from its major support zone (uptrend line) on the daily time frame. The support zone mentioned above has shown that there was a buying pressure, which has pushed the price higher and once again the stock closed above the rising 100-day EMA. The recent history of this stock suggests that investors can reasonably look for a rally to new highs if the price regains the 100-day EMA and holds above it (yellow arrows). Plus, momentum indicators are curling up and the RSI will likely cross higher over the next few days. Will watch the stock closely next week.

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Alphabet Inc (NASDAQ:GOOG) also bounced strongly from its key support line around 990 Friday on volume, recouping some of the deep losses of the previous day. This zone of support has held price higher in the past, so we may see history repeat itself here. If it holds support at or above 1000 then initial upside objective is 1078, followed by 1115 next pivot zone.

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Riot Blockchain Inc (NASDAQ:RIOT) Coiling up here under its 20-day EMA. Looking for movements above 16.41.

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OvaScience Inc (NASDAQ:OVAS) looks bottomed on hourly/daily and poised for a big bounce. This stock has a history of big moves and is just now reversing off 91c all-time lows. Short-term momentum oscillators have rolled bullish with MACD giving a buy crossover. So,we can expect a bounce towards 1.35/1.52

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Congrats to those that took full advantage of my alert on Inpixon (NASDAQ:INPX) on Thursday afternoon at $3. There was nearly 70% potential gains delivered on the back of 7.2M shares traded. Real Goods Solar, Inc. (NASDAQ:RGSE) is also a small float stock that i like for big bounces. Looking at the chart above, the stock seems to have broken out of the falling wedge pattern with good volume, usually a very signal. The story of another big bounce is picking up steam and getting more attention again. Definitely on watch next week.

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Clean Diesel Technologies, Inc. (NASDAQ:CDTI) has a very interesting daily technical chart and could have a bigger move very soon. The break of the immediate resistance of 1.36 with heavy volume should be the next buy point. If it clears resistance the move may be powerful. Im long.

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Advanced Micro Devices, Inc. (NASDAQ:AMD) was also added to my watchlist as a possible bottom bounce-play. The hourly technical chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. On watch.

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Intel Corporation (NASDAQ:INTC) reversed the declines on Friday and closed back above the 20-hourly exponential moving average and momentum is increasing. Short-term bottom seems to have been confirmed as we had strong volume that spiked on the reversal. If it breaks this descending channel next week, it could resume the uptrend.

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

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  • I'm a 46 year old Independent Trader using proprietary technical analysis with more than 20 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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