--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

Saturday, August 25, 2018 

Stocks to watch next week

( click to enlarge )

The strong move in Cronos Group Inc (NASDAQ: CRON) shares was something that I tweeted on Friday morning. If you were following my twitter account you would have gotten the tweet when the stock was trading at 9.5. It ended the day at $9.94, gaining nearly 17%. If you jumped in and booked your profits, congratulations (nice scalp). The power of Friday's move suggests an upward breakout that could impulse this stock to test the $11 area. Stop 8.86

( click to enlarge )

Overstock (NASDAQ: OSTK) Some positive divergences on daily charts. We might have seen the bottom. A close above 31.50 could spark another round of momentum buying.

( click to enlarge )

A great chart since the beginning of June. Interpace Diagnostics Group Inc (NASDAQ: IDXG) was on my bottom scan around 85c and hit a high of $1.39 Friday. A good example of why bottom plays can be lucrative if you buy in at the right time. At this point, the current move should face resistance at 1.8

( click to enlarge )

Marathon Patent Group Inc (NASDAQ: MARA) There is a possible double-bottom on the daily charts. If the 82c level continues to hold as support, a retracement rally back towards 1.1 looks achievable.

( click to enlarge )

Seven Stars Cloud Group Inc (NASDAQ: SSC) made a strong upside reversal last week and based on the accumulation days looks like it wants to make a run to new 52-week highs. Watch the stock closely next week, and once it breaks through $5.75, get ready to enter the trade. The technical chart above shows a continuation of the uptrend. MACD and RSI are bullish, although RSI suggests an over-bought condition. SSC can be a volatile stock, so be careful with your share size.

( click to enlarge )

Advanced Micro Devices, Inc. (NASDAQ: AMD) is one of the hottest stocks of Nasdaq right now. It has been on a non-stop rally and the chart suggests a strong confidence in stock, no resistances above. From a technical standpoint, any pullback should be bought.

( click to enlarge )

Tesla Inc (NASDAQ: TSLA) The company's stock has recovered nicely from recent lows of roughly $288.2 and is now consolidating the recent gains below its EMA50. Interesting to see that the accumulation/distribution line continues to rise, which means the stock has been under accumulation and is a warning of an upward break out. Ignore the noise and be focused on the chart.

( click to enlarge )

Biocept Inc (NASDAQ: BIOC) has been beaten down since mid-July, but at this moment it seems pretty clear that buyers have been waiting in the 2.9-3.4 range. It looks like it is starting to turn back up and some key indicators are giving the first bullish signs. The stock has the following important levels. Resistance at $3.6 and support at $2.86

( click to enlarge )

BlackBerry Ltd (NYSE: BB) is a good momentum stock, and looks like it wants to make a big move soon. The stock broke a key resistance level on a volume expansion. Watching for a close above $10.64

( click to enlarge )

Arcadia Biosciences Inc (NASDAQ: RKDA) had a nice surge a few days ago and has been in the process of consolidating. It is displaying upside momentum again and is poised to move higher from these levels. Nearest resistance for the stock is at $6.68. If this level is crossed and the stock is able to sustain above this level, then it might go to $8.43. The stock is currently in a new uptrend and I feel it could easily make a strong move to the upside.

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: , , , , , , , , ,

Bookmark and Share

13:46 | |

Saturday, August 04, 2018 

A few stocks to watch next week - I will be in vacations 3 weeks

Dearest Readers, 

First, I would like to thank you for your cooperation and support during these last few months, with a high increase of followers on Stocktwits and a great increase in the number of followers on twitter that has almost reached 29300 followers. Then, announce that in the next three weeks I will be on vacation and will not be back to update the blog until the 25 August. But before I leave you , I have placed some charts with potential ideas for next week. Thank you very much and Happy holidays.

( click to enlarge )

Apple Inc. (NASDAQ: AAPL) closed the week 8.91% higher than the previous week, boosted by the strong earnings report and has surpassed the $1 Trillion dollar mark. From a technical standpoint, the stock needs now to digest gains and work out the overbought condition with a correction or consolidation.

( click to enlarge )

IQIYI Inc (NASDAQ: IQ) Share price has declined recently and the selling pressure on Friday broke down the $30 support level, coming all the way down to $28.50. As i tweeted yesterday, the stock needs to regain this key level quickly to avoid another leg down towards $24 region. The bias remains to the downside.

( click to enlarge )

GoPro Inc (NASDAQ: GPRO) broke and closed above the key resistance level of $7 on Friday for the first time since December 2017. This breakout on heavy volume also confirmed the bullish reversal pattern that GPRO formed on the previous month. The measured move of this break points to a target of $8.5

( click to enlarge )

Xenetic Biosciences Inc (NASDAQ: XBIO) This is one of the best daily charts out there for a low floater. The bearish sentiment was reversed last week after a sucessful test of its major support zone at 2.71. Plus, the stock also broke the large falling wedge that formed since the recent peak at 8.95. Possibilities of an uptrend continuation are now be heightened. Breaking the recent high of 3.59 level will confirm this possibility. Once there is confirmation, the stock will then be able to reach out for its next resistance level of 5.2 and could even attempt to break for a higher resistance level of 6.39. Keep in mind, this is low float moves fast and could blow up on any volume. As i tweeted, im long and increased my position last week. Long setup on watch.

( click to enlarge )

We're seeing signs of a trend reversal for Kraft Heinz Co (NASDAQ: KHC). A high volume move through the 65 price level (Friday's high) would be buyable.

( click to enlarge )

Advanced Micro Devices, Inc. (NASDAQ: AMD) continues to consolidate the recent momentum rally and above all short-term rising EMAs. Need to see how this one plays out but the pullback with declining volume is a good sign to work out the overbought conditions. If the correction continues could be a great buying opporturnity in the 17.5-17.8 level.

( click to enlarge )

AT&T Inc. (NYSE: T) could be flagging, watch for above average volume. May run higher. The overall outlook for the stock appears bullish. Only a close below $31.5 would negate the bullish outlook for the stock. A close above $32.34 would reinstate short-term bullish trend that could propel the stock to the next target zone of $34

( click to enlarge )

CorMedix Inc. (NYSEAMERICAN: CRMD) is forming a Pennant chart pattern on the daily timeframe with a drop in volume, signaling a break is coming soon. This formation is a known bullish continuation pattern that activates after the breakout. Keep it under radar.

( click to enlarge )

Energy Fuels Inc (NYSEAMERICAN: UUUU) Friday's price finally broke the bull flag pattern. Expect more highs next week.

( click to enlarge )

Trevena Inc (NASDAQ: TRVN) I alerted this one Friday on Twitter as a possible trend reversal and the stock did what it was supposed to do, closing up 13 cents or 10% on the day trading more than 2.47 Million of shares. The stock hit a high of $1.65, which is resistance for Monday’s move. If the stock can break through this level, I expect to see another upside move to $1.82 and better. A stop-loss should be placed at $1.35

( click to enlarge )

Helios and Matheson Analytics Inc (NASDAQ: HMNY) A serious case of study. In 20 years of trading i never see something like this. A drop from $600 (adjusting R/S) to 7c in just 3 months. I assume that at some point I also lost some money here, right now I just scalp trade but still think it is not worth the risk.The technicals dont matter here, the violence of the selloff is so strong, that we cant hold this stock more than few minutes. It has been a scary movie for thousand of long-term investors.

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: , , , , , , , , , ,

Bookmark and Share

19:36 | |

Contact

About Me

    Photobucket

  • I'm a 44 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.

    • Benzinga.com supporter

    Iceman Trading Academy Moderator

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Follow me

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    PREVIOUS POSTS

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google