AC Investor Blog: 01/01/2019

Eleven chart setups to watch next week

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Advanced Micro Devices, Inc. (NASDAQ: AMD) which has been building momentum since mid-December, broke out of its bullish flag/consolidation on Friday. A move above 22.22 next week, would confirm the breakout and point next to a target zone of 23.75 to 24.5. Daily technical indicators are looking bullish. MACD is above its signal line, and both are moving up in positive territory. RSI has moved above its 50% level. Remain invested with a stop loss at $19.39

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Overstock (NASDAQ: OSTK) price broke out last week. Friday's heavy volume was what you want to see when a stock confirms the break of the resistance. From a technical standpoint, I believe it is time to be Bullish again on stock. I took profits on Friday around $19 and will wait for a pullback to pivot point to re-enter. Congrats to the followers that followed and cashed in last week’s 21.48%

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Cloud Peak Energy Inc. (NYSE: CLD) is still in my watch list for next week. Still looks strong. Looking at the daily chart above, the technical indicator A/D still shows strong accumulation, while MACD and RSI are rising. This could be the start of a short-term trend reversal for CLD, which is why I'll be watching the stock next week. Resistance is 42c, which was Friday’s high of the day. If the stock breaks through, there is a good chance you will see a strong upside move. Consistent move above this level could trigger further upside momentum re-testing 70c before testing 80c region. Im long. Note: BlackRock increased its stake last week to 10M shares or 15%

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American Electric Technologies, Inc. (NASDAQ: AETI) will be a stock to keep a close eye on the next few days. The stock is trapped between its major moving averages and imply that a breakout of the trapped zone must occur. I expect to see a high volume move once the stock breaks through 94c resistance, as traders are watching this stock closely. The OBV is showing a rising move, indicating a rising money flow into the stock. Keep the stock on your screen because once AETI breaks through resistance, the stock should take off and move quickly. As i tweeted, I added to my portfolio on Friday.

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Trillium Therapeutics Inc (NASDAQ: TRIL) is on the verge of a BIG breakout. The stock ended the day with a strong gain of 18 cents (11%) to $1.76. It pushed higher throughout the day and closed out the session near its highs. This creates a bullish scenario for Monday, one in which the stock opens the day a few ticks higher and then continues its rally. From a technical standpoint, there are some signs of a possible bounce due to the oversold indicators and some positive divergences on daily MACD, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $1.80. This stock runs fast.

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HUYA Inc (NYSE: HUYA) had a very good bullish rally on Friday accompanied with large volume, breaking out of a small consolidation period. Short-term targets are 23.85 and 24.19. The MACD is rising and still in the positive zone. Long setup.

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Qutoutiao Inc (NASDAQ: QTT) strong bullish bar on Friday with a close near the highs of the day. Watch for a follow through day on Monday. Next major resistance lies at 9.78

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Rewalk Robotics Ltd (NASDAQ: RWLK) is threatening to break through the 31c resistance level which would be a very bullish sign. If it breaks, we could see 40c quickly. The stock price has been strong over the past weeks, so watch it closely the next few trading sessions. GREAT ARTICLE to read this weekend: Bill Gates Examines Exosuits at the Wyss Institute at Harvard

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VirnetX Holding Corporation (NYSEAMERICAN: VHC) Looks to have a bull flag pattern on it after a couple of powerful days into it. Next buy point would be on the day the stock blows through $5.4 on heavy volume to test the recent highs. The stock will continue in its bullish movement upward as long as the stock holds and stays above the $5 level.

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NVIDIA Corporation (NASDAQ: NVDA) closed back above the declining EMA50 for the first time since October. Stock is on my watch list for next week. The stock price can potentially set-up well for a swing-trade, if it confirms this breakout.

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JinkoSolar Holding Co., Ltd. (NYSE: JKS) On my swing long list. Strong Breakout. The technical daily above chart is showing buy signal with stock trading above 50-day and 200-day exp moving averages with MACD on top of signal line in positive territory and %K line on top of %D line. Watch for next leg up. Technically, dips should be bought. Long setup.

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: AETI, AMD, CLD, HUYA, JKS, NVDA, OSTK, QTT, RWLK, TRIL, VHC

19:41 | Permalink |

Chart setups for the coming week

Good morning all and welcome new readers.

I've been quiet lately but that doesn't mean I've stopped blogging. While you are waking up, I have been looking for good setups for the coming week. Please see below my choices.

Do not forget to keep watching my intraday ideas on twitter and Stocktwits.

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Overstock (NASDAQ:OSTK) surged 11.17% or $1.52 cents to $15.13 per share on Friday after Patrick Byrne Says tZERO will be launched next week. Looking at the daily chart you can see that the price action has formed a descending channel since August and closed near the resistance line. A break above 15.60 next week should lead to a massive short-squeeze because the stock is heavily shorted.

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Clovis Oncology Inc (NASDAQ: CLVS) which had been flagging in the last 2 weeks off its recent upmove from the 17.5 area to around 25,4 broke out of the flag Friday on decent volume. A break above 25.38 would confirm continuation of the upmove and should lead to a short-term target in the 28 area.

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Blue Apron Holdings Inc (NYSE: APRN) Strong move Friday on solid volume. Traders should watch for a potential breakout over 1.55. The MACD is positive and above its rising signal line. A breakout above the key resistance could take the stock much higher as the daily chart shows little resistance.

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Cronos Group Inc (NASDAQ: CRON) may be setting up to make new highs next week. Next buy area is when the stock clears 15.3 on heavy volume. From a technical standpoint momentum indicators are in bullish zones. The daily MACD is moving above its signal line in positive territory, while RSI is moving up above its 70% level. All major EMAs are rising and the stock is trading above them. For now the bulls remain in control.

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I continue to support the idea of a significant rally on shares of Oragenics Inc (NYSEAMERICAN: OGEN), probably even above the November highs. We still need to see a break and close above the downtrend line with a next target in the 1.50 area. Only a break back below the 75c would invalidate this bullish outlook. The recent accumulation remains intact.

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Real Goods Solar, Inc. (NASDAQ: RGSE) has an interesting daily technical chart and could have another bigger move soon. The outlook for stock remains positive supported by the major EMAs and momentum indicators. Strong support for the stock exists at 50c. The most recent news are very optimistic for the company and exciting for investors. I went long last week.

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Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) hit my scanner Friday with some impressive volume and closed up 8.%. I think this stock will get more attention as the volume and money flow increase. Breakout watch over 2.85

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BlackBerry Ltd (NYSE: BB) cleared resistance on expanding volume and looks ready to extend its gains. Keep on watch list.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) has the perfect set up to make a nice run here. The stock is building a nice optimistic formation under resistance at $21.44. Watch for a break through that price level on volume to indicate that another push higher will occur.

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: AMD, APRN, BB, CLVS, CRON, NOG, OGEN, OSTK, RGSE

13:00 | Permalink |

Here are a few setups for next week !! Good luck to all

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Netflix, Inc. (NASDAQ: NFLX) surged 3.98%, yesterday on higher-than-average volume and finished at its highest close in more than 3 months. It closed at 337.59, substantially above key resistance at 332.05, confirming the breakout. Friday's close was also near the high of the day, another good sign and indication of possible continuation of current momentum. On watch.

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Finisar Corporation (NASDAQ: FNSR) over the last three weeks has formed an ascending triangle pattern with a double-top in the 21.9 area, which now represents a key resistance area which could be broken in the next few days. If a breakout next week occurs, we could see a move toward the 23 level.

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BlackBerry Ltd (NYSE: BB) Price appears to be forming a descending channel on its daily time and is on its way to test the resistance at 7.70. If this breakout occurs we could see Blackberry in the 8-8.20 area in the next couple of trading days.

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Inseego Corp (NASDAQ: INSG) broke the bullish flag pattern and formed a new high. Any pullback could be bought by dip buyers.

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This stock has a very interesting technical daily chart and the flu season is in full swing. Any stock that has the slightest bit to do with the flu could see a nice rally this month. The MACD line is starting to curl upward, which should eventually lead to price increases. If this happens here we could see VXRT rally to almost $3.4

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New Age Beverages Corp (NASDAQ: NBEV) is consolidating in a possible large "symmetrical triangle" pattern with short-term bullish tendency, pointing to an impending technical breakout soon. The daily MACD indicator on its daily time frame is also suggesting that upside pressure is starting to resume. The breaking of Friday’s highs would be a buy signal.

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SAExploration Holdings Inc (NASDAQ: SAEX) A nice recovery for this spec play from $2 to $6 last week. The stock remains overbought, however it has some serious momentum on its side. Trading these type of stocks that have large moves to the downside can make for great trades, when they finally rally, as SAEX has done last week. CEI and PED are others that might attract some auxiliary attention next week. Here is the technical daily chart for u guys, I dont own any position on SAEX (unfortutanely) just watching.

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Camber Energy Inc (NYSEAMERICAN: CEI) is a spec play worthy of some attention as well. With some buying volume this stock could soar just like SAEX. As I mentioned in my trading rules article in October, these kind of stocks, are the ones to trade not to invest. In this particular case, i see here an opportunity based on the daily chart for a nice swing trade, which was one of main reasons that made me buying it again at 1.08. Plus, the massive rally on its sympathy play SAEX. Looking at the daily chart, it seems to be forming a potential double bottom and some key indicators are displaying that potential scenario. That said, my strategy is simple. Stop loss at 90c and short-term target 1.43 in case of normal daily average volume. Over 10M shares, my target would be +$2.4 keep it simple. Small cap companies can be a good opportunity because of the cheap share price, but we need to have rules to trade them.

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Bank of America Corp (NYSE: BAC) worth keeping an eye on, may need to build some energy. However, if we reclaim the EMA50 and hold, i expect a rapid move toward $28 area.

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General Electric Company (NYSE: GE) is really starting to get going. I like the way its been trading lately and I think it could hit $10 in the coming weeks, but before that, the stock needs to break this small consolidation area to expect another move to the upside. Long setup on watch.

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Rewalk Robotics Ltd (NASDAQ: RWLK) Nice candle Friday on above average volume. It has a nice gap over 26c. Still on top of my small caps watchlist (added last month around 18c).

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AK Steel Holding Corporation (NYSE: AKS) again closed above its 20-day EMA. This stock ,in my view, looks to be in the early stages of another rally that will bring the stock to over $3 a share.

Note: Small-capitalization stocks are on fire again, so i will be here as long as the momentum is in our favor (keep in my i dont trade OTC stocks). Small-cap stocks generally provide the best returns for day traders, but we need to be aware of the risks. There could be liquidity problems if someone is trying to take a big position in a small stock, so if your account is small, please diversify in order to avoid been stuck in just one stock and use tight stops.

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: AKS, BAC, BB, CEI, FNSR, GE, INSG, NBEV, NFLX, RWLK, SAEX, VXRT

18:21 | Permalink |

Stocks to Watch for January 07, 2019

Happy 2019 everyone!

I hope you have had a great holidays season! I wish you all a blessed year, both in your work and personal life.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) had a great move on the upside Friday and closed at $19, up 1.95. The stock is setting up to break out and has one more level to go, which is the EMA200 at $19.24. Watch the stock on Monday, because once it breaks through, it will run fast.

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Apple Inc. (NASDAQ: AAPL) bounced strongly on Friday and a rally to over $154 is highly expected next week to fill the gap. The daily RSI indicator has also bounced from its extreme oversold zone, and this confirms that the current upward move is backed by some momentum. On watch.

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Altimmune Inc (NASDAQ: ALT) this spec play is back on my list for next week. The stock has been witnessing buying power enter the stock and could witness a Major Breakout Opportunity. Resistance is now $2.73. This stock has a history of making crazy moves after breaking resistances. Keep your monitor locked on ALT since it is ready to make that move.

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ShiftPixy Inc (NASDAQ: PIXY) Keep a close watch on PIXY since, in my opinion, share prices are attractive at these levels and the technical setup looks very promising for a big bounce. MACD Histogram has been rising and is on the verge of breaking the power zone (Positive Bullish Divergence). This beaten-down stock is ready to rebound.

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CHF Solutions Inc (NASDAQ: CHFS) another spec play that caught my attention last week. This R/S play has now just 400k shares float and made a strong upside move on Friday, after has been consolidating at lows for the past five days. Friday’s high was $8.5, which is too close to the natural resistance around its declining EMA20. Although the moving average remains weak, as soon as there's any breakout above it we should see a lot more buyers coming. This stock can move very quickly, so keep it on your screen for next week. Everything is possible here. Play small and safe. Im long.

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CorMedix Inc. (NYSEAMERICAN: CRMD) finally broke out and made a nice move today. I'm watching the stock for a continuation move next week. MOT is back to bull market rally with MACD on top of 0 and RSI above 50% level. The stock has good upside potential here for a run to $2.4 again, so keep watching the stock for further moves.

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Cool Holdings Inc (NASDAQ: AWSM) looks to have found bottom here, as the stock closed above $1.83 on Friday's session. The high of the day was $1.91, which is resistance for Monday’s move. If the stock can break through resistance, further upside may be possible, and would signal a change in trend from down to up.

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General Electric Company (NYSE: GE) has broken out from a major resistance line as it closed the week at $8.23 per share. GE had taken out its 20-day EMA at 7.62 on Wednesday and we may possibly be seeing the price heading towards the $9 resistance next week.

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Laredo Petroleum Inc (NYSE: LPI) has been on a nice up move recently and looks like it wants to go higher. The stock hit a high of $4.04, which is resistance for Monday’s move. I expect to see the buying again, so keep a close eye on it.

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, ALT, AMD, AWSM, CHFS, CRMD, GE, LPI, PIXY

12:36 | Permalink |

AC Investor Blog

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

Saturday, January 26, 2019

Eleven chart setups to watch next week

Sunday, January 20, 2019

Chart setups for the coming week

Saturday, January 12, 2019

Here are a few setups for next week !! Good luck to all

Saturday, January 05, 2019

Stocks to Watch for January 07, 2019

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