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Saturday, December 01, 2018 

Bullish technical setups for the coming week

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Caterpillar Inc. (NYSE: CAT) which had been flagging in November off its upmove from mid-October, from the 112 area to around 135.5, broke out of the flag last week. A break above the descending EMA200 next week, would confirm continuation of the upmove and lead to a target of 145 and then 150. All key indicators are looking Bullish.

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I have been waiting for a while for Apple Inc. (NASDAQ: AAPL) to break this falling wedge formation. It finally did. Now, we need a break and close above 182.8 to confirm a short-term trade reversal. MACD is also curling up. Im looking for a bounce to 195 at least.

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Stryker Corporation (NYSE: SYK) broke this trend line last week on solid volume, maybe it can push up and finally beyond the 179 area. All indicators are pointing upwards.

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Nio Inc (NYSE:NIO) the next move up should break the neckline of the Bullish Inverted Cup and Handle pattern. This could lead the stock to prices around 11

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CorMedix Inc. (NYSEAMERICAN: CRMD) Insiders have been active last week. Stock is trading in the range of 1.25-1.5 and directional movement is expected on a break of this trading range. Stay on close watch for potential swing trade.

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Stellar Biotechnologies Inc (NASDAQ: SBOT) Shares saw unusual volume in Friday's after-hours trading after FORM 10-K. The company had $10.3M in Cash and Cash Equivalents as of Sep. 30, 2018, which is twice of the current market value. Technically, the stock already has a robust set of technicals, including a Bullish MACD crossover on daily. I believe this stock could stage a strong bounce off this area. It will be interesting to see pre market on Monday how it starts out.

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Just like Acasti Pharma Inc (NASDAQ: ACST) that may have bottomed. The technical chart above shows how the stock filled the gap, and then started a new uptrend, closing the above the 70c area. This is a pretty significant break. Could be a new leg higher. With the upcoming conference scheduled for Wednesday, you should keep this stock on your screen radar. Immediate resistances 90c then 1.11

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New Age Beverages Corp (NASDAQ: NBEV) price action finally broke out of a descending channel pattern accompanied by a strong volume expansion, suggesting a trend reversal higher. Worth watching long above 4.82

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Oragenics Inc (NYSEAMERICAN: OGEN) Good break higher Friday, clearing the prior highs on high volume. Short-term technical indicators are looking bullish and the MACD has produced a new buy signal. I see a new impulse higher that projects a rally through 1.75. If momentum continues next week, we could have a nice winner on our hands.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) Nothing has changed yet. Technicals are showing bullish signals supported by rising MACD, Slow Sto and RSI on the daily charts. If the stock is able to cross the 22.3 level and sustain above it, then it might go to +$25. Keep it on your watch list going forward.

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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