AC Investor Blog: 06/01/2019

Good Setups to watch next week, including China names

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Uber (NYSE: UBER) has been on fire the past few days, and looks ready to make another upside move. The stock broke out of a consolidation range on Friday as the stock closed up $1.25 on the day. Friday’s high was $47.08 which is resistance for Monday’s continuation move. As long as the stock stay above 45.5 area, the bullish scenario is still intact.

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Inpixon (NASDAQ: INPX) is still in bottoming mode it looks like. The technical daily indicators are looking better for the stock. The daily MACD is starting to rise, confirming a bullish divergence has taken form. As I mentioned on twiiter, INPX has had days when it exploded out-of-the-gates and made tremendous gains. The FORM-S1 on Friday after-hours is confirming my feeling that we should get some news very soon for the company to sell shares at higher prices. As i said last week, most of people dont like this company due to its diluition history, but we are here to make great swing trades, not to make investments. Thats said, i stand with my long position waiting for a big pop. We know that past performance is not always a guarantee of future performance, but we could learn from how INPX has reacted in the past, so keep a close eye on it and don’t miss the trade.

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Arca Biopharma Inc (NASDAQ: ABIO) is showing signs of an upcoming breakout. Watch the flag formation closely. A move above $7.77 would constitute a strong technical entry for the short-term trader looking for a quick trade.

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I've been stating for days that the Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) is trying to bottom. The stock remains deeply undervalued based on fundamentals with nearly $2.5 per share in cash and equivalents and has lots of upside potential. If it breaks the 1.45 level, the momentum could move stock up to the $1.78 area where the 50-day EMA is located.

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JD Com Inc (NASDAQ: JD) is quickly approaching a breakout if the stock can manage to trade above $31. A strong volume move above that level, could set the stock up to retest its March highs.

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Yum China Holdings Inc (NYSE: YUMC) could be starting another rally as there is tremendous support in the stock and some serious buying coming in. The price has been in a bullish flag formation off its sharp rebound rally since the mid-May lows and it is now near the top of the sideways channel in the 46.5 area. A break through that top would lead to a next test of the 48. resistance zone. Among oscillators, the MACD is in buy mode and RSI is at 70 levels indicating strength in the current uptrend. If it breaks 46.6 the stock will absolutely fly into the 48's right away. Keep it on your watch list going forward.

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Bilibili Inc (NASDAQ: BILI) could be in the early stages of a technical breakout. Momentum indicators are showing bullish signals supported by rising MACD and RSI on the daily charts. Should breakout hard to upside when it crosses over $16.71 Keep it on your watch list going forward.

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Southwestern Energy Company (NYSE: SWN) was added to my watchlist as a possible bottom bounce-play. Nearest resistance for the stock is at $3.20. If this level is crossed and the stock is able to sustain above this level, then it might go to 3.50-3.61. Let's keep an eye on it as i think momentum will pick up. Stop 3.01

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AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) has had a rough time over the past sessions, but somebody bought a lot of shares on Friday before the close of the day. A breakout over 70c next week with strong volume would send this flying. I went long last week, I see $1 move coming.

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, AVEO, BILI, INPX, JD, SWN, TNXP, UBER, YUMC

18:15 | Permalink |

Chart setups on my watchlist for next week

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Palatin Technologies, Inc. (NYSEAMERICAN: PTN) definitely on watch for Monday trading session. The company announced today that the U.S. FDA has granted marketing approval of AMAG Pharmaceuticals, Inc.'s New Drug Application (NDA) for Vylees (bremelanotide injection), a melanocortin receptor agonist developed by Palatin indicated for the treatment of premenopausal women with acquired, generalized hypoactive sexual desire disorder (HSDD). The FDA's approval of the NDA triggers a $60 million milestone payment to Palatin under its North American license agreement with AMAG. From a technical standpoint, over 1.74 the "sky" is the limit. The stock closed in after-hours at 2.11 with a gain of 57%

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Overstock com Inc (NASDAQ: OSTK) saw its shares surged almost 16% to $11.57 per share Friday after CEO Patrick Byrne told CNN yesterday at the Fortune Brainstorm Finance conference in Montauk, N.Y. that interest for its retail business had picked up. "Two very attractive acquirers that I would have put high up on my list have shown up". Besides that, the break of the $10000 mark by Bitcoin could also fuel the continuation of this rally next week. Key resistance is now located at $12.09, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $14 zone. The daily RSI is moving higher, which is a sign of growing strength in the stock.

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Arlo Technologies Inc (NYSE:ARLO) is gaining some momentum again. The stock has made a strong bounce off of the lows that were posted earlier this month with high volume and closed last week above the 50-day exponential moving average for the first time in months, which is a positive sign. The technical daily chart shows that MACD is rising in positive territory, while the RSI is also gaining strength. Next resistance is located at $4.8 while there is some nice support around $3.84

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Ameri Holdings Inc (NASDAQ: AMRH) this small blockchain play could also benefit from the strong Bitcoin move next week. If a proper breakout happens at 39c we can see a target of 60c (EMA200 is located at 64c)

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Inpixon (NASDAQ: INPX) has posted some impressive moves in the past after forming a base pattern. Stock looks to be bottoming, could see a nice squeeze higher from here. Most of people dont like this company due to its diluition history, but we are here to make another great swing trade not to make investments. Thats said, im long.

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Obalon Therapeutics Inc (NASDAQ: OBLN) is in the process of bottoming and i expect a pop above $1 at some point in the coming days/weeks, and the FORM-S1 on Friday after-hours just confirmed my feeling that some news are about to come very soon. Looking at the daily chart, the accumulation is still there and this, in my view, bodes well for the stock. I don't think it will be long before OBLN is trading much higher form here.

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Dropbox Inc (NASDAQ: DBX) had a very nice day on Friday, breaking out above the $24.65 level on heavy volume. As long as it can hold this level, it looks good for a run to 26.49

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Pieris Pharmaceuticals Inc (NASDAQ: PIRS) keeps going higher, next breakout level to watch is 4.68

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Workhorse Group Inc (NASDAQ: WKHS) bounced nicely off the rising 20-day EMA last week. The stock should test the recent highs and possible new highs in the weeks ahead.

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HEMISPHERX BIOP/SH NEW (NYSEAMERICAN: HEB) CEO acquired 29,404 shares on Friday. The puchasing of common stocks from insiders should give a boost to the disappointing peformance of HEB stock which went from $14.81 per share in April to 52 weeks low of $3.62 per share on Thursday. Im expecting a nice bounce next week.

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: AMRH, ARLO, DBX, INPX, OBLN, OSTK, PIRS, PTN, WKHS

14:35 | Permalink |

Chart setups on my watchlist for next week

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Outlook Therapeutics Inc (NASDAQ: OTLK) closed Friday with a nice big bullish engulfing candle on decent volume, looking good to go higher. Long over 2.49

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Pinterest Inc (NYSE: PINS) is setting up to take this resistance over 28 out.

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BlackBerry Ltd (NYSE: BB) Pulling back on very low volume to test the downtrend line (previous resistance, now support), if it holds it looks good to test/break the EMA200 in the coming sessions.

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Antares Pharma Inc (NASDAQ: ATRS) Keep on watch, looks like this one wants to break through this key resistance zone. We have now MACD above zero line and RSI above 50% levels, indicating the stock is in a bullish trend.

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Maxar Technologies Inc (NYSE: MAXR) is currently breaking out of a base formation and the probability is that it will move up in the next sessions. Momentum indicators are slightly bullish now with RSI inching away above the middle level. Long over 6.87

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LYFT Inc (NASDAQ: LYFT) The new short-term bullish trend looks good. Key resistance is located at 63, a break and close above this level will confirm the bullish trend and the following uptrend will take price up to 70/72.5 zone. Momentum picking up with MACD climbing and RSI rising. Stop 55.5

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Adomani Inc (NASDAQ: ADOM) is showing signs of significant share accumulation. I expect the stock to begin its ascent back to recent highs of $.45-$.48 before ultimately breaking and surpassing $.51

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There is a potential breakout scenario developing on chart of Arca Biopharma Inc (NASDAQ: ABIO) The stock has fallen from over $8.8 to $6.4 and looks to be bottoming. I think this stock could see some strong upside over the coming days and weeks.

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This former runner is getting some attention by institutions again (two SC 13G reported last week). As I always say, follow the money, and right now that money is flowing into DelMar Pharmaceuticals Inc (NASDAQ: DMPI) as chart shows. With MACD crossing up, this stock could be in for a sharp rally.

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, ADOM, ATRS, BB, DMPI, LYFT, MAXR, OTLK, PINS

21:34 | Permalink |

Chart setups to keep an eye on next week

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Rewalk Robotics Ltd (NASDAQ: RWLK) is back in play. The stock was one of the winners on Friday, as the stock closed up $1.58 or 30.1% on the day. If the stock can break Friday’s high of $7.10, we should see a continuation move.

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Jaguar Health Inc (NASDAQ: JAGX) was added to my watchlist as a possible bottom bounce-play for next week. Fresh R/S play hitting extreme oversold conditions. Just 1M shares float right now. I took a small position but will increase on the break of 7.50 R/S plays are very HOT and the momentum here will start sooner or later. Timing is everything on these stocks.

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Auris Medical Holding Ltd (NASDAQ: EARS) is another R/S play that I am watching closely. If it clears resistance at $3.13 on volume, the move may be powerful.

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Novus Therapeutics Inc (NASDAQ: NVUS) i still holding. Big catalyst next week and a potential double bottom pattern on daily $2.5 is the first short-term target on a bounce. Crazy Friday after-hours trading basically on no news. Please read the meaning: SEC Form S-1 Definition

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Tilray Inc (NASDAQ: TLRY) has had a rough time over the past months, but Friday’s bounce could be the first move to recovery. Short-term indicators are starting to line up. The chart suggests that stock might find now resistance at $41.77 (declining EMA20). Only a close above this level would suggest further upside.

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Alibaba Group (NYSE: BABA) showing signs of bounce coming MACD cross. It is on the verge of breaking out and it could happen very soon. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls $156.11 break out watch.

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Blackberry (NYSE: BB) could be in the early stages of a technical breakout. Daily Momentum indicators are showing bullish signals supported by rising MACD and RSI on charts. The major resistance level for stock is located at $8.12 A close above would be very bullish. Keep it on your watch list going forward.

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Another great trading week for Workhorse Group Inc (NASDAQ: WKHS), however the buying pressure appears to have eased (see decreasing buying volume). Anyway, If the money continues to flow into this stock next week, you could expect more gains. Play it with 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: BABA, BB, EARS, JAGX, NVUS, RWLK, TLRY, WKHS

22:31 | Permalink |

My hot stock watchlist for Monday

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AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) Rallied hard Friday on heavy volume breaking several key resistances areas. If it clears back over 99c next week, may have some good upside. I tweeted my alert around 72c (real-time trading). Congrats to those who paid attention. Dont forget to follow me on twitter and Stocktwits. All are welcome, be respectful, and be positive.

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Las Vegas Sands (NYSE: LVS) A Doji candlestick has formed on a key support zone. This candlestick formation means that market is currently unsure about future movements and is waiting for other signals, basically there is an indecision between bulls and bears, which at extreme oversold levels could indicate that a short cover rally is on the cards. We might see a bounce from current levels.

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Bridgeline Digital Inc (NASDAQ: BLIN) many people dont like this name due to the dilution history, but im here to trade and make money based on TA. When there is an opportunity to make money, bargain hunters will take it. Looking at the daily chart, there are some signs of a possible bounce at this point due to the extreme oversold conditions and some positive divergences on MACD Hist, which often leads to short covering. CMF is also turning up, which means money is flowing again into the stock. A reversal may be on the way. I took a long position before the close.

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Stellar Biotechnologies Inc (NASDAQ: SBOT) Long-term old alert. Patience always pays off guys. Sold all my position yesterday.

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Ocean Power Technologies Inc (NASDAQ: OPTT) we start to see now some signals of rebound as the chart shows positive momentum is back. Nearest resistance for the stock is at $2.32. If this level is crossed and the stock is able to sustain above this level, then it might go to $2.79

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Beyond Meat Inc (NASDAQ: BYND) Nice setup here. Big rally in the final hour on Friday. Over 105 like it to test the highs. Keep it on watch.

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Barrick Gold (NYSE: GOLD) broke out from a descending channel with huge volume creating a significant amount of bullish potential. 200EMA is the resistance for the next upside move. If the stock can break through this level, we should see a strong move. Long setup on wacth.

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LYFT Inc (NASDAQ: LYFT) had a nice rebound a few weeks ago and has been consolidating. The stock is displaying upside momentum again and is poised to move higher from these levels. Nearest resistance is at $58.80. If this level is crossed and the stock is able to sustain above this level, then it might go to $62

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Ocular Therapeutix Inc (NASDAQ: OCUL) successfully close above its 9 and 13-day exp moving average on very impressive money volume. This is a very bullish development. Short-term technical indicators are strong. If the stock can break $3, we should see a strong follow through move.

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Melinta Therapeutics Inc (NASDAQ: MLNT) just another company in the small bio land trading at bargain prices with more than $9 per share in cash. Watching for $2.28 breakout. All 2-hour indicators are in favor of an upward price movement.

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: AVEO, BLIN, BYND, GOLD, LVS, LYFT, MLNT, OCUL, OPTT, SBOT

18:29 | Permalink |

AC Investor Blog

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

Saturday, June 29, 2019

Good Setups to watch next week, including China names

Saturday, June 22, 2019

Chart setups on my watchlist for next week

Sunday, June 16, 2019

Chart setups on my watchlist for next week

Saturday, June 08, 2019

Chart setups to keep an eye on next week

Saturday, June 01, 2019

My hot stock watchlist for Monday

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