AC Investor Blog: 11/01/2018

Several great chart setups to watch next week for Big, Mid and Small Caps

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I hope everyone is enjoying their long weekend.

Get ready for a potential money-maker. SOLO is the first symbol I want you to look at because it could be very explosive.

The iPhone of cars? This statement seems to be exaggerated but only the time will tell, however i took a long position on Friday after read the chart and this interesting article from Benzinga. SOLO is trading at a base on low volume, which is a nice setup for a fast move back to where is was only a few trading sessions ago. Hence, if buying presure enters the stock as I suspect, share prices could rise siginificantly. Looking at the chart, we can see that this stock is a former runner with a history of making big moves, and indicators are now starting to turn up again showing upward momentum. A convincing move above $1.5 can lead to a breach of the blue line (EMA20) around 1.99

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Sphere 3D Corp (NASDAQ: ANY) Technicals look suprisingly optimistic. The stock traded nicely last week with limited resistance allowing an increase to higher levels, and that is a good sign if you are looking for an opportunity to play the trend of an upward moving stock. The trading volume also remains high, which is always positive to see. Daily technical indicators are looking bullish. MACD is rising above its signal line, while RSI still in positive territory. Levels to watch next week. Resistance lies at 7.18 and support at 4.25

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DavidsTea Inc (NASDAQ: DTEA) is time to consider loading up now. Watch for the break of is descending trend line, and go long when it breaks on volume.

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Overstock (NASDAQ: OSTK) gapped up Friday on positive news from the company and finished the session up nearly 24% on the heaviest volume since August. Watch next week for a break above the declining EMA50 located at 22.64, but don't be surprised if you see a break above the $24 level and a move towards the highs of October due to the heavy short interest.

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CorMedix Inc. (NYSEAMERICAN: CRMD) jumped 15 cents, or 12.6 Friday on solid volume. The strength of current momentum could extend next week and push the stock above the previous high set earlier this month at $1.54. If this breakout occurs we could see CRMD in the $1.60-$1.80 area in the next couple of trading days.

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Sesen Bio Inc (NASDAQ: SESN) had a nice surge a few weeks ago and has been in a correction mode. The stock is displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at $1.9. If this level is crossed and the stock is able to sustain above this level, then it might go to $1.90. Short-term technical indicators are improving and MACD is about to trigger a buy signal while RSI is rising. Keep an eye on SESN next week.

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Vaxart Inc (NASDAQ: VXRT) is recovering quickly from its recent bottom with MACD moving upwards. It looks like it wants to breakout of this small range, but has not been able to gain the needed momentum. You should keep this stock on your screen radar.

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Matinas BioPharma Holdings Inc (NYSEAMERICAN: MTNB) has a very interesting daily chart and could have a bigger move soon. The break of the next key resistance line with heavy volume should be the next buy point . If it clears resistance at 80c, the move may be powerful. Despite recent decline, the daily RSI remains in the neutral zone and the golden cross has also appeared in the daily chart and may support the bullish argument here. Still on watch.

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Apple Inc. (NASDAQ: AAPL) has corrected 11% in just 4 trading sessions last week breaking all major supports and now 170 and 168 are next major supports. There is also in this area a gap to fill, however and based on the history of the stock, every time it reaches very oversold levels the bounce is strong and fast and could happen very soon.

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Nio Inc (NYSE: NIO) is displaying an inverted Head and Shoulders formation, which many traders consider a bullish reversal pattern. We need to breakthrough the neckline located at 8.3, before this pattern is complete. This could be a big clue as to where direction heads next. I would not be surprised to see the neckline to be broken soon. There are several technical indications suggesting that the stock could make a move to higher levels. Still on watch.

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Watch this downtrend line and play accordingly. Momentum indicators suggest continuation of positive bias for the stock. Lets keep an eye on it.

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Iclick Interactive Asia Group Ltd (NASDAQ: ICLK) may be ready to break out of this potential bullish flag consolidation. Only a close above 3.95 would suggest further upside. Accumulation line is pointing up, which means it is under accumulation. The MACD is also moving higher. ICLK will move quickly, so keep it on your screen.

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Real Goods Solar, Inc. (NASDAQ: RGSE) nice breakout last week. Congrats to those who jumped into the game early around the 44c level when i alerted (unfortunately i sold too early at 55c) At this point, watch for trend continuation toward 70c zone short-term. The breakout of the small bullish pennant formation that the stock has been was a very positive sign, and I expect continuation of the trend in the coming days.

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: AAPL, AMD, ANY, CRMD, DTEA, ICLK, MTNB, NIO, OSTK, RGSE, SESN, SOLO, VXRT

18:12 | Permalink |

Interesting setups that you should watch next week

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When the stock market is down, should we buy or sell? Thats always the million dollar question for many investors. Your instinct probably says yes, but looking at this daily chart formation, it maybe wise to buy rather than sell, because of the December effect. While buying the dips can be scary for investors, it's been a great strategy in recent years, especially in this particular season of the year. The rising accumulation line also indicates that smart money is doing exaclty that. Above chart shows what it looks like to be a head and shoulders bottom pattern or in other words an inverted head and shoulders, which is the first sign that a bearish trend is about to end. The inverted head and shoulders formation represents a decline to a new low and a rally to immediate resistance, followed by a second decline to a lower level, then a third, more modest decline and rally through resistance. However, take note that the index must break the neckline of this pattern located at 2816 in order for it to be a valid inverted head and shoulders. Many market participants and friends are reluctant to believe in a Santa Claus rally this year, but im confident that we will see it happens once again.

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Applied Materials, Inc. (NASDAQ: AMAT) stock chart is also displaying an inverted Head and Shoulders formation. The good reaction to bad news "Guidance" is the ultimate indicator of positive sentiment for next week. If a company releases bad news and its stocks are going up, it may mean that all bad news are priced in JMHO. The break of "neckline" resistance next week, could lead to a nice short squeeze and one that will be fun to watch.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) continues to be bought on dips as accumulation chart suggests. The near-term bias remains neutral but a daily close above $22 will shift the bias to bullish.

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Watch Real Goods Solar, Inc. (NASDAQ: RGSE) to go higher, the stock had good volume and a nice big candlestick on Friday. This was on my watchlist last week for 51c break.

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Digirad Corporation (NASDAQ: DRAD) was over $1.58 last month and closed Friday at $1.03. Insiders purchased more than 40k shares in the last 2 weeks. We could see a sharp rally out of these oversold conditions.

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Second Sight Medical Products Inc (NASDAQ: EYES) still in play for me. I'm following the smart money here. Director purchased 6M shares in just 4 months. Plus, the stock is very oversold. This chart shows the velocity of amplitude "move" that stock does, everytime it reaches extremely oversold conditions. On watch for a big bounce.

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MTNB stock is holding its ground really well above its key EMAs and the golden cross is about to HAPPEN for the first time in months, which is a strong bullish signal. It could see a nice bounce here.

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AEterna Zentaris Inc. (NASDAQ: AEZS) broke out to new highs Friday on heavy volume. The stock has been on fire and it is hard to predict how far the momentum will take the stock. If you want to ride the uptrend as long as possible, you can hold the stock with a trailing stop.

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: AEZS, AMAT, AMD, DRAD, EYES, MTNB, RGSE, SPX, SPY

18:10 | Permalink |

Some interesting chart setups to watch next week

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Nio Inc (NYSE: NIO) Keep on watch, this one may breakout of its downtrend line next week. If it breaks and close above the $7 level again, the stock price should be ripe for a long trade. All technicals are looking positive now and the short-term outlook continues to look bullish.

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Nice Breakout on volume. (Alerted on twitter at 1.55). Friday’s high of $1.67 is resistance for the next upside move. If the stock can break through this level, we should see another move to the upside. Euroseas Ltd. (NASDAQ: ESEA) hit a high of 3.87 in the month of October, so keep it on your radar for the next few days.

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Real Goods Solar, Inc. (NASDAQ: RGSE) On my watch list. The stock showed relative strength on Friday compared to rest of market, following a report of insider activity. CEO and Director purchased a total of 250000 shares last week. 49c is pretty much the pivot here. If the stock closes above this key level next week, momentum traders are likely to send the stock up to 72c again.

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Pyxis Tankers Inc (NASDAQ: PXS) rallied hard Friday on heavy volume. If it clears back over 2.40, may have some good upside.

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Novelion Therapeutics Inc (NASDAQ: NVLN) has been trading heavy volumes recently and continue to impress with another show of strength. Could move toward $2.35 area if it breaks and closes above the declining 50-day EMA (at 1.88). Momentum picking up with MACD climbing and RSI rising. Watch for continuation. Stop 1.46 (just in case).

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Adding LM Funding America Inc (NASDAQ: LMFA) to my watchlist. Nice gap to fill if it can break through $2.1 price level. Long set-up on watch. A positive divergence on MACD Histogram could be a sign that prices will soon begin to rise.

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Boxlight Corp (NASDAQ: BOXL) broke out of its long-term downtrend line last week and surged considerably higher amidst impressive buying pressure. I'm going to keep an eye on it and see how it reacts next week. The outlook is now positive and a move to 4-5 appears likely.

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I keep watching Twitter (NYSE: TWTR) waiting for this stock to break out of its Bullish consolidation. Go long on a close above 35.12

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: BOXL, ESEA, LMFA, NIO, NVLN, PXS, RGSE, TWTR

19:24 | Permalink |

Some stocks worth watching next week, trading rules and a BIG THANK YOU

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NII Holdings Inc (NASDAQ: NIHD) jumped $1.10, or 16.92%, to $7.6 on Friday, breaking out above its upper line of the sideways trend and a mid-term horizontal resistance zone on volume, sending a new buy signal. The measured price target of this breakout is at 9-9.20 range. Daily technical indicators are in bullish zones with all exponential moving averages rising. A continuation of the rally is likely.

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Evofem Biosciences Inc (NASDAQ: EVFM) Do you remember this symbol? We made a lot of money in the summer, when the stock rose from $2.30 to $4.96 in just few trading sessions. Since then the share price has been consolidating that move within a large bull flag pattern, which was broken in the final hour on Friday. Although technical analysis doesn't predict the future of a stock, studying previous price history and patterns can often help to determine what a stock may do in the future. In the case of EVFM this bull flag pattern is probably the most bullish chart pattern you can trade, because it occurs when a stock is in a strong uptrend. Daily technical indicators are also predicting a new strong move higher, with the RSI indicator rising while the MACD is cutting above its signal line. Over $4 it could make another explosive move upwards, so keep your eyes on it and watch it trade. My system gave a new buy alert and i entered long on Friday.

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Hope you all enjoyed a great bounce on Emerge Energy Services LP (NYSE: EMES) last week. I mentioned on blog as a potential bounce play, and BANG !!!! "We could see a 30-50% possible bounce up to $3.25 - $3.5 a share" A huge congratulations to all those who profited from last week idea. The stock rallied for over 50% potential gains on Friday session. I took profits but i will keep EMES on my watchlist for a possible re-entry. The next key resistance is located at 3.89 (declining EMA50).

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Altimmune Inc (NASDAQ: ALT) is another serious potential big runner next week. The stock has been witnessing increasing buying pressure for several consecutive trading sessions, with the accumulation line rising. I believe that the bullish accumulation witnessed over the last weeks is a prelude to what traders could see very soon. Daily technical indicators are looking bullish. MACD is rising above its signal line in negative zone. ALT's chart suggest that increased buy side activity could push share prices to much higher levels.

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Adamis Pharmaceuticals Corp (NASDAQ: ADMP) is recovering from its recent bottom with MACD Hist showing a positive divergence. It looks like the stock wants to breakout of this falling wedge pattern, but has not been able to gain the needed momentum. You should keep this stock on your screen radar next week.

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Acacia Communications, Inc. (NASDAQ: ACIA) Broke out yesterday on heavy volume and looks ready to test the highs.

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CorMedix Inc. (NYSEAMERICAN: CRMD) bounced strongly again from its long-term trend line on volume, which suggest a continuation of the current uptrend. As long as this trend line holds and the $1 level is intact we could see a bullish trend intact.

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Vaxart Inc (NASDAQ: VXRT) I still think this stock looks set to break higher. With flu season coming up, it could go to $4-$4.85 on a sharp rally. Chart looks very interesting here.

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AcelRx Pharmaceuticals Inc (NASDAQ: ACRX) broke out yesterday but didn't hold the strong gains above the breakout zone and closed at 4.80. Watching action closely up here. We need a close above 5.05 to see further gains. Buyable on a pullback to 4.25 imho

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Affimed NV (NASDAQ: AFMD) broke the falling wedge pattern last week. The volume confirmed the breakout as it was greater than average. Setting up for higher prices. Technically, dips should be bought. Next key resistance level lies at 4.64

I decided to share you all followers again my basic trading rules that should be taken always in consideration for trading in order to become a successful trader in the stock market.

1 - The trend is your friend, so never go against the trend.

2 - Keep your losses small. Golden rule: Cut losses short. Let profits run.

3 - Use stops. The stop loss should be placed few cents below the supports and not at the same level. 4 - Learn the basics of fundamentals, charts and technical indicators.

5 - The good trader is one who makes consistent gains, so don’t be a greedy trader, appreciate the small and the big gains.

6 - Do not fear the market. Be always confident in your trade decisions.

7 - Never buy what you do not want, because you think it is cheap.

8 - Always be conscious that the loss may arise and you should be prepared for that to happen. Open mind.

9 - For large positions, you must to have total control of the market never losing sight

10 - Volume is a leading indicator, so play the breakouts using the volume as support of your decision.

11 - Chart breaks without volume could be a trap and the probabilities of succeeding are low

12 - Do not be hasty to buy or sell a stock, every day there are new opportunities to make money. Be patient is the key of success of any trader.

13 - Only believe fundamentals as long as the technical signals follow.

14 - Trading very speculative stocks is a frequent mistake.

15 - Do not trade positions too large relative to your available capital.

16 - Do not invest all your money in one company. Your portfolio must be diversified.

17 - The Greed to pick tops or bottoms is a usual error. Wait for the perfect and confirmed signal.

18 - Do not make trading decisions based on a story you saw in the morning paper. The market many times has already discounted the information.

19 - Review your missteps to improve your skills

As i always say, with patience and discipline, you can take much more from the stock market than you ever gave. Trading stocks is not easy for beginners or professionals, it is really very hard and requires lot of attention and knowledge. If stock trading was easy, everyone would be doing it. You can be successful at the stock market, with patience, discipline and a good trade set-up. The key objective is to make money and not lose it.

Just a last note. Many thanks for helping AC Investor Blog surpass the 70000 Followers mark on Stocktwits! I'm going to try to get 35000 followers on Twitter before the year ends, maybe you guys can help me to achieve my goal. It's great to see that the number of followers are increasing day by day, which hopefully means that some people enjoy my daily stock tips. BIG THANK YOU !!

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: ACIA, ACRX, ADMP, AFMD, ALT, CRMD, EMES, EVFM, NIHD, VXRT

14:19 | Permalink |

AC Investor Blog

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

Saturday, November 24, 2018

Several great chart setups to watch next week for Big, Mid and Small Caps

Saturday, November 17, 2018

Interesting setups that you should watch next week

Saturday, November 10, 2018

Some interesting chart setups to watch next week

Saturday, November 03, 2018

Some stocks worth watching next week, trading rules and a BIG THANK YOU

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