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Sunday, January 20, 2019 

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

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  • I'm a 46 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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