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