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Saturday, August 25, 2018 

Stocks to watch next week

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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

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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.

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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

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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.

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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.

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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.

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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.

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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

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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

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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.


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About Me

  • I'm a 48 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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