AC Investor Blog: 09/01/2019

Stocks to Watch for September 30, 2019

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Global Ship Lease Inc (NYSE:GSL) is in a very strong bullish trend, having gained almost 50% this month. There's a high probability for a trend continuation in the next few days, as the stock could test the 8.50 area again. Next buy point is above Thursday's high at 8.19, with a stop loss at 7.55 EMA9

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GoPro (NASDAQ:GPRO) After drifting for weeks the price finally broke out of a consolidation on Friday accompanied by high volume. Yesterday’s high was $5.53, which is resistance for the follow through move. If the stock can break through this level next week, expect to see heavy volume drive the stock higher.

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Mersana Therapeutics Inc (NASDAQ:MRSN) The daily chart shows the stock is extremely oversold at this price level. Volume picked up a bit on Friday and the MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Bargain hunters may want to accumulate MRSN stock at current levels and wait for it to trade out of the oversold conditions in the coming days. Note: President and Chief Executive Officer, will present a company overview at the 2019 Cantor Global Healthcare Conference in New York next week. At $1.55 a share, and considering this stock was trading well over $3.50 in August the risk for further decline is outweighed by the potential gain an explosive bounce would provide. Im long for next week.

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I have Performance Shipping Inc (NASDAQ:DCIX) on my watchlist. It may be ready to break out of this large consolidation. The break of the next key resistance line with heavy volume should be the next buy point. If it clears resistance at $1.05, the move may be powerful. Despite recent decline, the daily RSI remains above 50 levels and may support the bullish argument here. November is typically a crazy month for this sector, and based on the PXS move, traders are already accumulating these shares. May run higher, keep on watch. Im long.

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Guardion Health Sciences Inc (NASDAQ:GHSI) has bounced today off its 20-hourly EMA just above the critical support of 70c and rose 7.87% to $.795 The uptrend remains intact as long as this key support line holds (stop loss).

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CASTOR MARITIME/SH SH (NASDAQ:CTRM) could be in the early stages of a technical breakout. The stock price has been basing the past few days and just recently started inching above most of the consolidation area. From a technical perspective, the technical indicators are beginning to look bullish. The MACD indicator is rising above its signal line and the hourly RSI crossed above the 56 mark. Additionally, the ADX is gaining momentum. Let's see what Monday brings. Could squeeze over $2.92. Im long.

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Roku (NASDAQ:ROKU) continues to drift lower and is nearing $96, a level that has provided robust support in August. Might bounce here. However, overall the technical set-up remains negative with the stock below all three short-term exp moving averages.

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: CTRM, DCIX, GHSI, GPRO, GSL, MRSN, ROKU

17:59 | Permalink |

Stocks to Watch for September 23, 2019

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ArQule, Inc. (NASDAQ:ARQL) which has lost more than 30% of its market capitalisation in the last two months, shows signs of reversal of the downtrend. A decisive break and close above 8.5 will confirm the reversal pattern on the charts and take the stock higher to 9.5 or even 9.83

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Shares of ImmunoGen, Inc. (NASDAQ:IMGN) surged more than 5 percent on Friday accompanied by a strong volume expansion. $3.47 is an important resistance that once broken will set off a huge run up in stock, the 1st target would be $4.50 (closing gap).

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Small cap stock traders are always on the look-out for a low float / Reverse split stock that has fallen so far that it is well over due for a bounce. These type of stocks almost always rebound sharply. With just 600K float, I think Viveve Medical (NASDAQ:VIVE) has found support around the $5.8-$6.10 range and looks poised to post a bounce from here. We could see a 30-50% possible bounce up to $7.55 - $8.80 a share if it can get passed the resistance at $6.72. This is a liquid stock with over $300k in daily volume. It 52 week high is over $370 LOL !!! I took a long position on Friday. NOTE: There is a conference on Tuesday, which will be definitely a good catalyst for a bounce.

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Valeritas Holdings Inc (NASDAQ:VLRX) Friday's hammer formation could indicate a possible trend reversal is coming. A breakout above $1.71 would constitute a technical entry for the short term trader looking for a quick trade. Another stock that i bought for the coming week. Company is trading below cash levels and there is an event on Tuesday: Valeritas Announces Presentation of Preclinical h-Patch™ CBD Study at CannMed Conference.

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BridgeBio Pharma Inc (NASDAQ:BBIO) put a nice reversal candle Friday on volume. Watch for continuation over 26.43

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Livongo Health Inc (NASDAQ:LVGO) Possible trend reversal. A high volume move through the 24 price level would be buyable.

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Eros International plc (NYSE:EROS) pulled back strongly on Friday after a strong rally this week. This corrective price action is necessary to alleviate the overbought conditions in order to set the stage for an impulse wave to follow. As long as the support zone holds, the uptrend remains intact.

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ANCHIANO THERAP/S ADR (NASDAQ:ANCN) this low float still on top of my watchlist. It's showing signs of significant share accumulation. I expect the share price to begin its ascent back to recent highs of $2.82 before ultimately breaking and surpassing $3.77

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: ANCN, ARQL, BBIO, EROS, IMGN, LVGO, VIVE, VLRX

20:07 | Permalink |

Here are seven small cap stocks on my top watchlist for potential swing trade for Friday

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Shares of Electrameccanica Vehicles Corp (NASDAQ:SOLO) are starting to heat up and are worth watching. If volume can pick up I think this stock can break through resistance at $2.5 and re-test its July highs around $3.10. Im long.

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ANCHIANO THERAP/S ADR (NASDAQ:ANCN) I can see this stock making a quick move higher Friday, just as it did today. I am looking for the $2.6 break and a chance to see $3 The accumulation on the daily chart is telling me people are buying and the selling is light.

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Trans World Entertainment Corporation (NASDAQ:TWMC) looks poised to break out of a falling wedge pattern and MACD is about to climb above the signal line. If it clears resistance the move may be powerful.

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Plus Therapeutics Inc (NASDAQ:PSTV) appears to have broken out of a large falling wedge formation on hourly, spiking above the resistance line. The stock closed Thursday up 55 cents to 8.36 and is setting up for a possible move to the 10 area. A clear break above 9.5 could lead to short covering and potentially a short squeeze. Momentum indicators are bouncing off oversold conditions.

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IRIDEX Corporation (NASDAQ:IRIX) appears to be poised for a nice bounce off this bottom. From my point of view, the stock has formed a bottom in short-term and I expect a move past 2.20 to take the stock towards the target of 2.5 with stop-loss at 1.99

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OBLN has been in a two-week bullish flag formation off its sharp rebound rally in the first days of September. A break of the flag pattern to the upside targets a move to the 2.75 to 3 area. The climbing MACD is supporting a bullis trend. The huge short interest could fuel some big spikes higher soon, so watch for a potential breakout attempt. I still long and strong.

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Worth eyeing, poised to breakout. The area comprehended between $2.35 and $2.45 represents a heavy resistance for shares of Taronis Technologies Inc (NASDAQ:TRNX). A close above this key resistance area would have positive implications and could drive the stock much higher. Keep the stock on your radar.

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: ANCN, IRIX, OBLN, PSTV, SOLO, TRNX, TWMC

22:37 | Permalink |

Momentum small cap stocks for Tuesday, September 17

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Fuwei Films (Holdings) Co Ltd (NASDAQ: FFHL) Here is a great stock that I find worth considering for your watchlist after a big pullback on low volume in its value during the past month. Stock is basing nicely after finding support at the 50-day exponing moving average. It had a great move yesterday and closed at $3.12, up $0.20 on solid volume. The stock is setting up to break out and has one more level to go, which is $3.37. A break above this resistance should at least push the stock to $5 per share where the next pivot resistance point is. A reversal may be on the way. I started buying before it explodes higher.

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Zafgen Inc (NASDAQ:ZFGN) Yesterday after the close, 683 Capital Management, LLC has filed a new 13G reporting 6.2% stake. As you can see, this stock has clearly been showing relative strength in the last couple trade sessions. If it breaks the key resistance line of 75c, it should easily go to next price resistance around 81c

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Ocean Power Technologies Inc (NASDAQ:OPTT) The buy/add point would be when it breaks over 2.41 on heavy volume.

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Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) had a remarkable move up yesterday with very high volume. Looks good over $2.8 with volume. The short-term uptrend is intact and signals further bullishness on this stock.

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Inflarx NV (NASDAQ:IFRX) another small bio cap that had a nice move yesterday on solid volume. The real fireworks should begin if the stock price can close above the 3.19 level. As long as the stock can remain above its 20-day EMA, I like the stock.

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: FFHL, IFRX, LXRX, OPTT, ZFGN

09:59 | Permalink |

Here are a Few Trade Ideas for next week

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Plus Therapeutics Inc (NASDAQ:PSTV) Calling the bottom is always difficult, but in my opinion this chart is showing some positive momentum divergences, which often leads to short covering. A break of $10.08 with force next week might give room to $14. I entered long on Friday.

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Ameri Holdings Inc (NASDAQ:AMRH) should be on your radar screen next week. The company will host multiple customer events at SAP’s annual SuccessConnect conference, the premier event for human resources (HR) professionals, set to take place September 16-18 at the ARIA Resort & Casino in Las Vegas. On the technical side, daily indicators continue to show bullish momentum and the volume increased significantly. Looking to see if stock can get over 30c for a run to 49c

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Obalon Therapeutics Inc (NASDAQ:OBLN) price finally closed above the pivot high last week, breaking a descending channel that has been intact since the beginning of August. The Bullish sentiment and the huge short-interest could push the stock price to the nearest resistance of $3. The technical indicators are also sending Bullish signals and there is a gap to fill on chart. On watch.

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Qualcomm (NASDAQ:QCOM) tried to breakout above the $80.12 level last week but failed. Only a close above this level would suggest further upside.

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Prevail Therapeutics Inc (NASDAQ:PRVL) is possible trend reversal trade if it breaks $12 resistance area. The accumulation/distribution line is starting to curl upward, which should eventually lead to price increases.

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Taronis Technologies Inc (NASDAQ:TRNX) we start to see now some signals of rebound as the technical chart shows positive momentum is back. Nearest resistance for the stock is at $2.31. If this level is crossed and the stock is able to sustain above this level, then it might go to $3.15

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Neurometrix Inc (NASDAQ:NURO) surged in the final hour of trading closing at 47c. The real fireworks should begin if the stock price can close above 50c. The accumulation line is starting to curl upward which should eventually lead to price increases. Keep it on your watch list going forward.

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I have Scworx Corp (NASDAQ:WORX) on my watchlist again for next week. It might attempt to breakout above $4.34 level and if it succeed we should expect a strong move to the upside.

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Francesca's Holdings Corp (NASDAQ:FRAN) continue to show impressive strength as a near-term uptrend remains in place on the bar chart. The EMA20 on the 15 minutes chart has been a great support, so if you are long use it as a SL. Immediate resistance 19.49

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DavidsTea Inc (NASDAQ:DTEA) had a big pop on Friday and finally broke out of its major horizontal resistance line. Daily technical indicators are looking Bullish with the RSI indicator rising while the MACD is cutting above its signal line. Keep it on your watch list going forward. Pullbacks to 1.85-1.8 are buyable.

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, DTEA, FRAN, NURO, OBLN, PRVL, PSTV, QCOM, TRNX, WORX

16:45 | Permalink |

Trade Ideas for the coming week

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Snap Inc. (NYSE: SNAP) broke out of a bullish flag formation and closed just slightly below a key resistance level at $17. A break of this level in the next couple of days could lead the stock towards new highs around the 18.36 area. Long setup.

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Kandi Technologies Group Inc (NASDAQ: KNDI) jumped 12 cents, or 2.26%, on Friday, breaking key resistance at 5.38 and closing at 5.44. That's the highest close in more than six weeks, thus confirming that the stock has renewed momentum. This momentum could move stock to the 5.8 area in the next few trading days. Long setup on watch.

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I like this daily chart on Twitter, Inc. (NYSE: TWTR) a lot. Prob one of my Favorites. As you can see the stock brokeout on high volume Thursday and was able to keep the strength on Friday. I've seen this many times in the market and you know what the end result usually is? Well, it's alot of money. RSI still rising and we are not even in overbought territory yet. Plus, the Accumulation/Distribution shows that the stock continues to be under accumulation by institutional traders and money managers. We should see more highs ahead.

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Inpixon (NASDAQ:INPX) was able to make upward movements in intraday trading for the second day in a row as volume continues to increase. In the past, INPX has been able to significantly witness growth in market valuation following the type of trading activity that has been seen recently. Breakout watch over 0.142 on volume for a possible short-term target of 18c (Note: This is a penny stock, so play accordingly).

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Appliance Recycling Cntrs of Amer Inc (NASDAQ: ARCI) has been consolidating around 4.50 levels. We have seen strong accumulation during the consolidation phase, very positive sign. Watch for a potential breakout next week since volume is expected to increase under conditions showing light resistance. Daily technical indicators are looking bullish. MACD is lying above the Power Zone and RSI is about 54 so it's in the range of its support prices which could minimize the downside risk at these levels. Worth watching for a breakout above the 4.85 level.

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Zosano Pharma Corp (NASDAQ: ZSAN) broke and closed back above its hourly 50EMA on solid volume. The bulls will now try and regain control. Watch the stock next week since shares appears setup for an Increase.

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Roku (NASDAQ:ROKU) Big momo stock. Consolidating here, play the line it breaks on heavy volume.

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Baxter International Inc. (NYSE:BAX) Cleared this ascending triangle on volume. Setting up for higher prices.

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I alerted Microbot Medical Inc (NASDAQ:MBOT) to my twitter followers a few days ago before crowd when it was trading around the $5 level. The stock jumped 44% or $2.16 cents to 7.06 on Friday as the company announced that will demonstrate a working prototype of the Company’s Self-Cleaning Shunt (SCS™). I still holding a small position. Next major resistance lies at 7.5

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: ARCI, BAX, INPX, KNDI, MBOT, ROKU, SNAP, TWTR, ZSAN

08:37 | Permalink |

AC Investor Blog

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

Saturday, September 28, 2019

Stocks to Watch for September 30, 2019

Saturday, September 21, 2019

Stocks to Watch for September 23, 2019

Thursday, September 19, 2019

Here are seven small cap stocks on my top watchlist for potential swing trade for Friday

Tuesday, September 17, 2019

Momentum small cap stocks for Tuesday, September 17

Sunday, September 15, 2019

Here are a Few Trade Ideas for next week

Sunday, September 08, 2019

Trade Ideas for the coming week

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