AC Investor Blog: 05/01/2019

Stocks to keep an eye on May 30, 2019

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Beyond Meat Inc (NASDAQ: BYND) cleared resistance on heavy volume and looks ready to extend its gains.

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I have been accumulationg shares of Novus Therapeutics Inc (NASDAQ: NVUS) the company has two catalysts coming up in June. Could history repeat itself? Let's keep things simple as always. Short term momentum indicators, like MACD, RSI, Stochastics are substantially oversold and showing technical signs of a reversal. Everytime the RSI has breached the level 20, has lead to a massive rally. Plus, the upcoming catalysts could also fuel a huge short covering rally after a strong drop from April highs 4.31. Let's keep an eye on NVUS as i think momentum will pick up.

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I continue to support the idea of a significant rally on shares of Workhorse Group Inc (NASDAQ: WKHS) based on the technical chart. The stock is getting a battle with resistance at $1.80 area. The stock has been consildating for weeks now, and may be ready to clear this resistance zone. The technical daily chart shows positive sign as the stock has been above all key exponential moving averages and has formed a golden cross last week. A Golden cross is when 50-day EMA crosses on top over 200 EMA and is a very bullish buy signal. Over 1.85 next stop 2.33

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Rewalk Robotics Ltd (NASDAQ: RWLK) finally broke the upper line of the downtrend channel and started the new uptrend which should take it to $5 in the short-term. On the technical side, MACD and ADX all point to upward trend while RSI is also rising.

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Amarin Corporation plc (NASDAQ: AMRN) Closed yesterday above the downtrend line and looks like it will continue to run up. Buyable on pullbacks to pivot.

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Qutoutiao Inc (NASDAQ: QTT) looks like it is getting ready to move. It has a good support around 4.6-4.7 which can be used as a stop loss for a short-term long position. On the upper side, the move is likely to accelerate above $5.40. Long setup on watch.

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Citigroup Inc (NYSE: C) watch the break of $64 for a run to $66.09

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: AMRN, BYND, C, NVUS, QTT, RWLK, WKHS

10:21 | Permalink |

Tuesday Stocks To Watch

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Immunic Inc (NASDAQ: IMUX) is finally starting to break out. The stock hit bottom in the low $8.60's and has started to work its way higher. On Friday, it was up over 21% on a breakout type move. The stock has a history of vertical rallies, as shown on the daily chart above and if this rally does come to fruition a quick 20-35% gain, possibly much more, is not out of the question. The chart also looks to be turning higher. I think short-term it will break back over $13 and could test $15

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Workhorse Group Inc (NASDAQ: WKHS) looks to be turning the corner on the chart after falling steadily over the last few weeks. Seeing if it will continue its upward move tomorrow. Worth adding to your watchlist. Could squeeze over 1.85

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Outlook Therapeutics Inc (NASDAQ: OTLK) I covered this stock on my blog and twitter as a potential bottom play this month. The stock is up over 200% since I brought it to my readers. It was one of the winners on Friday, as the stock closed up 83 cents on the day with high volumes. From a technical standpoint, the stock still in a short-term Bull Market with share price above 9, 13 and 20 EMAs. Watch the break of 3.35 for next leg up.

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Aphria Inc (NYSE: APHA) is displaying a new upside momentum on chart and looks poised to move higher from these levels. Expect an initial run up to its declining 50-day exp moving average at $7.87

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New Age Beverages Corp (NASDAQ: NBEV) I like the idea of getting long here with a stop below the rising 200-day EMA. The MACD is making a bullish crossover and the RSI is also rising. Could pop over 5.65

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Arrowhead Pharmaceuticals Inc (NASDAQ: ARWR) broke resistance to new highs Friday. The stock traded heavy volume as it hit a high of $24.30. This high is the next resistance for Tuesday’s continuation move.

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InspireMD Inc (NYSEAMERICAN: NSPR) Bottom traders are attacking again. There are some signs that the stock is gaining some momentum in recent days. It is well oversold and a bull move is probable for the coming sessions. The technical chart shows some divergences on MACD and RSI. Keep an eye on NSPR and be prepared for this upcoming move.

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Roku (NASDAQ: ROKU) has traded in impressive fashion over the last several trading sessions. For now, buying dips are working well. Traders with short-term perspective can hold the stock as long as it trades above its uptrending 9-day exponential moving average.

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: APHA, ARWR, IMUX, NBEV, NSPR, OTLK, ROKU, WKHS

19:55 | Permalink |

12 Trade Ideas For The Coming Week

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The strong move in Outlook Therapeutics Inc (NASDAQ: OTLK) shares was something that I mentioned on blog and several times on twitter even at a time when everyone had lost hope. A huge congratulations to all those who profited from my alert. It ended the session on Friday at $.2.10, gaining more than 75% for the week. I took profits and will keep it on my watchlist for a possible re-entry.

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Globus Maritime Ltd (NASDAQ: GLBS) jumped 8.91% Friday finishing the session near the highs of the day on high volume, suggesting buyers are stepping in. Key daily indicators on daily charts suggest continuation of positive bias and the stock price is likely to show further up side. If the stock breaks Friday's high, the momentum could move stock to the $4.3 area. NOTE: Firment Shipping Inc Reported 35.6% Stake In Globus Maritime Ltd. THAT'S A HUGE STAKE. Can GLBS repeat 200% rally in 3 days? Volume was strong let’s see if this rally has legs for another huge move.

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vTv Therapeutics Inc (NASDAQ: VTVT) has a chart set to breakout. The real fireworks should begin on the break of $1.67. Keep on watch list. Increased my position on Friday.

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I think Immunic Inc (NASDAQ: IMUX) has bottomed and is looking to make a move back over its EMA50 at $13.35 very soon. A nice bid was present at the end of the session and Friday’s momentum should carry through into next week. The recent positive news leads me to believe that at some point soon this stock will take off again. Still long, u know im a patient investor. NOTE: BioEquity Europe 2019 - Daniel Vitt, Ph.D., Chief Executive Officer and President of Immunic, will present a company overview at 5:15 pm CEST on May 20 at the 20th Annual BioEquity Europe conference, being held at the Crowne Plaza Barcelona Fira Center Hotel in Barcelona, Spain.

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Plug Power Inc (NASDAQ: PLUG) potential breakout trade above 2.6 resistance area.

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Sesen Bio Inc (NASDAQ: SESN) has seen steady accumulation and a nice price increase the last few trading sessions. Add this stock also to your watchlist.

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Still watching shares of Beyond Meat Inc (NASDAQ: BYND) due to the recent price action, volume, and momentum. As long as the stock holds above major support at 85.45 (previous resistance) the short-term uptrend is likely to resume.

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Keep a close eye on Amarin Corporation plc (NASDAQ: AMRN) next week. If it can break out above $18.28 on volume, I think the stock could shoot up to test $20 area. The daily MACD indicator is showing signs of reversal and the high volume is usually an indicative of demand in the background. There looks to be good upside potential, so watch it very closely.

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A large ascending triangle has been forming on the daily chart of VirnetX Holding Corporation (NYSEAMERICAN: VHC) over the past two months. The trend is clearly higher, but the daily MACD is displaying a bearish divergence to price and volume is dropping off. The current pattern has the potential for a large move (ascending triangle is usually considered as a bullish pattern). Let it play out either to the upside or downside, and look for an increase in volume for confirmation. On the other hand, news could also define next trend direction.

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I keep watching Ford Motor Company (NYSE: F) waiting for this stock to break out of its Bullish consolidation. Go long on a close above 10.5

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Jaguar Health Inc (NASDAQ: JAGX) This penny stock had a strong day on Friday and broke through its downtrend line on volume expansion. Watch for trend continuation toward 0.238 zone short-term.

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Arlo Technologies Inc (NYSE: ARLO) is currently testing its declining EMA50 around the 4.36 level. An upside breakout above this level could be the start of a new uptrend for this stock. Im accumulating at current levels.

Note: I will take few days off from May 23th to 26th and back to office on May 27th (Monday)

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: AMRN, ARLO, BYND, F, GLBS, IMUX, JAGX, OTLK, PLUG, SESN, VHC, VTVT

18:02 | Permalink |

Interesting setups that you should watch next week

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Overstock com (NASDAQ:OSTK) broke the downtrend line with a nice volume and 9 &13 EMA to the upside and as long as $13 level holds we see upside continuation. Yesterday, bulliish candle on a read market confirms the strength of bulls and it gives us a buyl opportunity. MACD and RSI also confirms the price reversal. Next major resistance lies at 15.61 (EMA50)

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Co-Diagnostics Inc (NASDAQ: CODX) The price broke the downtrend line and moved above the short-term EMAs. It gives us a signal that the stock becomes bullish and we have to search for buy opportunities. The bullish divergence on indicators also tells us about possible trend reversal. DMI is turning positive just as MACD has already done. It appears a reversal to the upside is underway. This stock should be able to rally into the gap zone. I entered long last week.

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Biopharmx Corp (NYSEAMERICAN: BPMX) is still in bottoming mode it looks like. The technical indicators are looking better now for the stock. The daily MACD is starting to rise, confirming a bullish divergence has taken form. As I mentioned earlier on twiiter, BPMX has had days when it exploded out-of-the-gates and made tremendous gains. We know that past performance is not always a guarantee of future performance, but we could learn from how BPMX has reacted in the past when it reaches extreme oversold conditions and in the past this stock has made double-digit moves upwards within one day. The stock has the potential to make a big run next week, so keep a close eye on it and don’t miss the trade. As i tweeted, im long.

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Marathon Patent Group Inc (NASDAQ: MARA) had a great move on the upside Friday, fueled by the strength of Bitcoin and closed at $2.92. The stock is setting up to break out and has one more level to go, which is $3.05

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Cool Holdings Inc (NASDAQ: AWSM) broke out from a falling wedge pattern accompanied with high volume. We should be able to see some decent upside movement for the bulls here. A positive MACD cross has occurred and RSI is moving up strongly. Next immediate resistance lies at 3.66 (EMA200).

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Village Farms International Inc (NASDAQ: VFF) price broke a consolidation resistance line with heavy volume. The technical daily chart shows buyers are back. With the surge this week %K line is again on top over %D line showing the stock is back to new rally. Also +DI crossed above -DI. A move towards $14 can be expected as long as $11 holds.

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Mustang Bio Inc (NASDAQ: MBIO) wants to break out and move higher. If we close above 4.5, we can run to 5 easily.

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Workhorse Group Inc (NASDAQ: WKHS) I think stock should pullback to $1.73 per share before making the next move. If support holds, then it'll advance again to a new high, but if support fails, then the next level of support is at $1.57. Any fall below this level will ring my alarm bells and would signal a definite reversal.

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Uber (NYSE: UBER) The first IPO day was a huge disappoint as expected. Stock needs to hold the $41 in order to avoid another sell-off.

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: AWSM, BPMX, CODX, MARA, MBIO, OSTK, UBER, VFF, WKHS

16:51 | Permalink |

Nine Stocks To Watch For the Coming Week

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Twitter, Inc. (NYSE: TWTR) has been in a consolidation over the last three weeks in the 38-40.92 range after a big surge in price and volume in late April following the earnings report. The stock jumped 85 cents, or 2.13%, Friday and closed at 40.8, just 12 cents below the key resistance level. If this level is broken on volume next week, this could be the start of new momentum that could move the stock toward the 45 area.

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Pareteum Corp (NASDAQ: TEUM) which had been flagging over the last weeks off its upmove from mid-March, from the 3.62 area to around 3.93, broke out of the large flag last week. The stock is nearing a key resistance level of 4.91, which if broken should lead to a target in the 5.26 to 5.50 range.

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Blackberry (NYSE: BB) also looks great. The $9.42 level is an important resistance that once broken will set off a huge run up in stock, the 1st target would be $10.29 which is the high of March. The MACD daily indicator is turning bullish while the RSI is pointing upwards. The bullish momentum is gaining steam.

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The strong move in Arca Biopharma Inc (NASDAQ: ABIO) shares was something that I tweeted Wednesday before the crowd. If you were following my twitter account you would have gotten the tweet when the stock was trading at 5.25. If you jumped in and booked your profits, congratulations. You're still holding use the 10.25 area as a stop.

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Atossa Genetics Inc (NASDAQ: ATOS) Still watching it. The 100-hourly exponential moving average needs to be broken as resistance for some momentum to pick up.

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ZK International Group Co Ltd (NASDAQ: ZKIN) On watchlist no trigger yet. Long above $1.74. If the stock can break through this level, buy the stock and watch it take off. There is some accumulation on daily chart.

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China Jo-Jo Drugstores Inc (NASDAQ: CJJD) has been hit hard by the sellers over the last trading sessions, but we could see a strong bounce at this support level. Plus, there is a positive divergence on the MACD histogram as it is moving up several in a row but not yet crossing the zero line, warning of high volatility ahead. Watch the break of the 1.28 level for a push.

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Gentex Corporation (NASDAQ: GNTX) broke out of an important consolidation area and will likely have the attention of the swing traders in the next sessions. Breakout watch over 23.55

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I have Lannett Company, Inc. (NYSE: LCI) on my watchlist. It may be ready to break out of its 200-day EMA. Potential swing long above 8.69

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Manpower (NYSE: MAN) flagging in the $95 area. Watch for a move above 97.26 to break the stock out.

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: ABIO, ATOS, BB, CJJD, GNTX, LCI, MAN, TEUM, TWTR

18:46 | Permalink |

AC Investor Blog

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

Thursday, May 30, 2019

Stocks to keep an eye on May 30, 2019

Monday, May 27, 2019

Tuesday Stocks To Watch

Saturday, May 18, 2019

12 Trade Ideas For The Coming Week

Saturday, May 11, 2019

Interesting setups that you should watch next week

Sunday, May 05, 2019

Nine Stocks To Watch For the Coming Week

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