AC Investor Blog: 10/01/2019

Stocks to Watch for October 28, 2019

( click to enlarge )

Reebonz Holding Ltd (NASDAQ:RBZ) opened strong at 1.47 and rallied to a day high of 2.40. This mini-explosion was sufficient enough to deliver net realizable intra-day gains of up to 70% and for those of you that made good on RBZ’s gain potential, congratulations. As i tweeted i entered at 1.22 in Thursday's afternoon. Friday’s performance of RBZ was marked by an explosion in volume and bullish investor ensured that no fewer than 14 million in volume. Towards the end of the session things went a little south, but nothing alarming enough for me to worry about. The moderate dip is probably just a few traders taking profits before the weekend like i did. I hope that some, if not all of you, were able to make something of RBZ’s delivery of gains in Friday’s session. The stock hit a high of $2.4, which is resistance for Monday’s move. If the stock can break through this level next week, I expect to see another strong upside move to $2.75 and better.

( click to enlarge )

Phunware Inc (NASDAQ:PHUN) is starting to heat up and I expect to see it trading above $2 or better very soon. This bottom play has started to bounce nicely off its bottom and the momentum indicators are giving a clear picture of a short-term upward bias. I would not be surprised if it hit $2.4 at some point next week. Let's keep an eye on PHUN as i think momentum will pick up thanks to RBZ momentum. I like this as a sympathy play off Friday's RBZ move.

( click to enlarge )

Valeritas Holdings Inc (NASDAQ:VLRX) Calling a bottom in this market is always extremely difficult, but in my opinion this technical daily chart is showing some positive momentum divergences. Honestly, the selling pressure seems to be losing momentum and Friday we saw unusual volume one hour before the close. If the stock can hold the support around 1.2-1.25 we may see a bounce to $2 or more very soon. The fact that the company is now trading below cash levels also provides further protection. I bought this stock on Friday. Keep in mind, low float mania is back and I am always eager to find these kind of setups (Solid bottoms with positive divergences) and act on them in these times of euphoria. Long setup on watch.

( click to enlarge )

SRAX Inc (NASDAQ:SRAX) appears to be poised for a nice bounce off this bottom. In my view, it has formed a bottom in short-term and I expect a move past 2.07 to take the stock towards the target of 2.68 with stop-loss at 1.80 The stock seems to be undervalued at current levels.

( click to enlarge )

Vipshop Holdings Ltd (NYSE:VIPS) stock continues to act strong setting new highs. Daily technical indicators are looking quite overbought but can stay there for long periods of time. Might pause but looking to add on any dip.

( click to enlarge )

Overstock (NASDAQ:OSTK) finished the day up 5.51% on solid volume of over 2.8 million of shares exchanging hands on the day. The momentum in the short-term remains bullish, with MACD trending upwards above its signal line. Go long on the break of Friday’s high at 11.47 with a SL at 10.5

( click to enlarge )

Chimerix Inc (NASDAQ:CMRX) has managed to regain its footing in recent trading with a Doji candlestick on daily, which could mean bears power is slowing down. This may signal a reversal. Bounce time.

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: CMRX, OSTK, PHUN, RBZ, SRAX, VIPS, VLRX

18:01 | Permalink |

Stocks to Watch for October 22, 2019

( click to enlarge )

Soliton Inc (NASDAQ:SOLY) cleared resistance on expanding volume and looks ready to extend its gains. Keep on watch list.

( click to enlarge )

OncoSec Medical Inc (NASDAQ:ONCS) is back on the list for Tuesday’s trading session. Nice bullish candle on decent volume yesterday. Looks like higher prices to come. Resistance reflects Monday’s high.

( click to enlarge )

Guardion Health Sciences Inc (NASDAQ:GHSI) This is very constructive price action as it pulls back on lighter volume. Shares have been forming a nice bull flag. If the price breaks this flag the price target is $1.20 Im buying any dip. Just playing what the chart says, nothing more.

( click to enlarge )

We finally got the breakout in Kadmon Holdings Inc (NYSE:KDMN). Shares rallied past resistance of $2.95 and hit my trigger to open positions. I will be watching the stock again on Tuesday, looking for a follow through move. As long as the stock stays above the rising 50-day EMA, the bullish scenario still intact. Moves of key indicators suggest continuation of positive bias. NOTE: The company announced yesterday in AH that the FDA has approved CLOVIQUE™ (Trientine Hydrochloride Capsules, USP), a room-temperature stable, branded generic product. Trientine hydrochloride is used for the treatment of Wilson's disease in patients who are intolerant of penicillamine. Next major resistance lies at 3.95

( click to enlarge )

First was AVGR, then ONTX and the third stock from my Watchlist to break the $1 zone should be Dare Bioscience Inc (NASDAQ:DARE). The stock has been forming a bottom and rallied above its 100-day moving average yesterday on decent volume. It looks to be bottoming and we could see $1.14 - $1.3 in rapid fashion.

( click to enlarge )

Synlogic Inc (NASDAQ:SYBX) is another stock that I brought to my twitter followers attention recently. This stock is in the process of bottoming and I expect a pop above 2.5 at some point in the coming sessions.

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: DARE, GHSI, KDMN, ONCS, SOLY, SYBX

11:33 | Permalink |

Swing trade ideas and stock charts for next week

( click to enlarge )

I alerted BioNano Genomics Inc (NASDAQ:BNGO) to my twitter followers (real-time alerts) before crowd when it was trading around 55 cents. Traders who saw the gold in my alert and took advantage of BNGO 225% climb last week, then congratulations. As i tweeted, i sold all my positions. From a technical standpoint, the stock is now pulling back in a correction or changing direction. As long as the uptrend line holds on the 30m chart (around the $1.5 level) the short-term uptrend remains intact.

( click to enlarge )

The strong move in Avinger Inc (NASDAQ:AVGR) shares was something that I tweeted on Thursday's afternoon. If you were following my twitter account you would have gotten the tweet when the stock was trading at 88 cents. It ended the day on Friday at $1.11, gaining nearly 22%. If you jumped in and booked your profits, congratulations !! The power of Friday's move suggests an upward breakout that could impulse SPU's stock to test the $1.21 area on Monday. SL 77 cents.

( click to enlarge )

Onconova Therapeutics Inc (NASDAQ:ONTX) closed the week above the 89 cents which has acted as an area of resistance in the last sessions, more upside will come in the coming days, and possibly the beginning of a new uptrend to close the gap. This stock is showing some great accumulation at current prices and i would not be surprised if we see a BNGO type-move.

( click to enlarge )

Arcadia Biosciences Inc (NASDAQ:RKDA) The chart pattern is compressed here and this stock is coiling up for a larger move. If it can push above $5.50 convincingly next week, it could be off to the races.

( click to enlarge )

Enlivex Therapeutics Ltd (NASDAQ:ENLV) things are starting to turn up. Could it see its high of $44.90? I don't think so, but I think short term $17.5 is not out of the question. Bottom is rounding, if it breaks the 9.30 area the move could be strong to the upside. Potential V-bounce.

( click to enlarge )

Nuvectra Corp (NASDAQ:NVTR) had a volume/news and price breakout that should continue into next week. With 6.5M in volume this stock looks poised to post more gains next week. As I always say, follow the money and right now NVTR has the money pouring into it. Long setup on watch.

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: AVGR, BNGO, ENLV, NVTR, ONTX, RKDA

15:18 | Permalink |

Swing trade ideas and stock charts for the coming week

( click to enlarge )

Slack Technologies (NYSE:WORK) is nearing a key resistance level that has contained prices on two occasions in the last sessions. Considering the recent strong momentum, I think the stock looks set to break higher and rise above its rising 50-day EMA. The immediate support level is located at 25.06 followed by 24.41. Keep this stock in your radar list.

( click to enlarge )

Shares of Synthesis Energy Systems, Inc. (NASDAQ:SES) soared 191% to $5.25 per share after the company announced it purchased Australian Future Energy in all-stock deal worth $36M. Although the stock has been in weak market for the past few months, yesterday rally shows the stock is back on uptrend on rising MACD and RSI. With MACD now barely hit above 0, we probably will see more positive action coming from the stock. Long setup on watch. Any close above the green line (EMA200) will confirm the trend change.

( click to enlarge )

Based on the daily chart above, I feel Arcadia Biosciences Inc (NASDAQ:RKDA) stock is well over due for a counter trend rally, and I think it could see $6.5 or better if investor interest comes back into this stock. This stock was trading over $10 a share less than two months ago. From a technical standpoint, MACD is curling up and the RSI is in the oversold region, showing some signs of reversal. Thus, a strong reversal over the coming days is expected. This is the perfect stock to expect a SES type-move.

( click to enlarge )

I think it's time to reconsider adding Onconova Therapeutics Inc (NASDAQ:ONTX) to your portfolio for a potential big bounce. The company is now well-funded for the coming months with the recent offering at $1.60 and after the HanX Biopharmaceuticals deal. I started accumulating the stock. From a technical standpoint, MACD has generated a bullish alert and the RSI is in the extremely oversold region, a volatility squeeze seems eminent. Technicals are showing positive divergences supported by rising MACD and Slow Sto on the daily charts. Plus, there is a gap to fill over1.3

( click to enlarge )

VISTA OIL & GAS/S ADR (NYSE:VIST) Friday's breakout on strong volume is highly noteworthy and this stock should be added to your watch-list for consideration when the uptrend resumes.

( click to enlarge )

Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) is looking quite good here for higher prices. I'm watching closely this tiny float stock for a breakout above 3.95, as the stock has been basing nicely.

( click to enlarge )

The share price of Whiting Petroleum Corp (NYSE:WLL) is showing signs of a potential reversal. Clear break above 7.73 (EMA20) could trigger further bullish recovery testing the 8.56 area.

( click to enlarge )

Scworx Corp (NASDAQ:WORX) There are some signs of a possible bounce at this point due to the oversold conditions and some positive divergences on daily MACD, which often leads to short covering. A reversal may be on the way. Im long. This stock has a history of massive rallies at major supports.

( click to enlarge )

Enlivex Therapeutics Ltd (NASDAQ:ENLV) has been in a tremendous tailspin the last three weeks. It has seen a bevy of selling bring the stock to fresh new lows for the year and i cant find "news" that could justify the scale of decline. I took a long position on stock last week, because i believe we could see a sharp rally out of these extreme oversold conditions.

( click to enlarge )

AMD (NASDAQ:AMD) Another stock with a nice look. Resistance Breakout. Go long on the break of Friday’s high at 30.20. MACD crossover and RSI could help it get into 32's again.

( click to enlarge )

I have LYFT Inc (NASDAQ:LYFT) on my watchlist for next week. It might attempt to breakout above $40.31 level again and if it succeed we should expect a strong move to the upside.

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: AMD, ENLV, LYFT, ONTX, RKDA, SES, TTPH, VIST, WLL, WORK, WORX

15:44 | Permalink |

11 stock charts to watch next week

( click to enlarge )

Lululemon Athletica (NASDAQ:LULU) jumped $2.97 or 1.56%, on Friday, breaking key resistance at 192 and closing at 193.12. The stock has renewed momentum, which could move it to the 200 area in the next few trading days.

( click to enlarge )

Roku (NASDAQ:ROKU) remains on watch for a quick reversal. It has been holding this range for the last two weeks and I feel the next move will be higher. However, we need a close above $110 on volume to confirm the reversal.

( click to enlarge )

On Wednesday and Thursday I told to my followers to be ready for a reversal for Intec Pharma Ltd (NASDAQ:NTEC). Yesterday, the stock rose more than 21% closing at 85c on heavy volume. We could be looking at just the start of a another big rally for this stock. Congratulations to my followers and everyone making a profit here. I like NTEC for further gains, this is just the beginning IMHO My SL is located at 65c

( click to enlarge )

I used Friday’s pullback on Tocagen Inc (NASDAQ:TOCA) to initiate a strong long position. My rationale is that while it may take some time to recover all the recent loses, in a fastmoving market one is pretty much obligated to anticipate big turns, specially in extreme oversold stocks, like this one. TTNP and ZSAN was a good example on Friday. I opened a long at 67c and im looking for a run to $1

( click to enlarge )

Zosano Pharma Corp (NASDAQ:ZSAN) is a stock I wrote about recently as one to watch for a potential reversal as well as one that has been on my bottom scan. On Friday that reversal came to fruition to the tune of an 26.25% gain for the stock amidst impressive buying pressure.I expect ZSAN to continue to gain investor interest going forward. Keep it on your watch list next week.

( click to enlarge )

Electrameccanica Vehicles Corp (NASDAQ:SOLO) Nice bullish candle on Friday. Previous resistance is now turn into holding support. The stock has had a rough time over the past weeks but the selling pressure seems to have dried up. In my view, the stock has formed a bottom and I expect a move past 1.82 to take the stock towards the target of 2.1 with stop-loss at 1.60. From a technical standpoint, there are some signs of an imminent bounce due to the positive divergences, which often leads to short covering. A big bounce could be brewing.

( click to enlarge )

I also opened a long in Arca Biopharma Inc (NASDAQ:ABIO) at $5.2 on the assumption a lot of bad news is already in the price and that major support has the potential to act as a strong bullish catalyst again. Buying ABIO around 5.2-5.5 has been worked perfectly for me over the last months. Watch for a break out back above the 5.6 level which is Friday's high.

( click to enlarge )

Aileron Therapeutics Inc (NASDAQ:ALRN) Also this daily chart is right near its bottom and I think we could see a strong reversal over the coming days or weeks. Watch it closely.

( click to enlarge )

TOP Ships (NASDAQ:TOPS) Nice runner from the buy list yesterday. After one week of consolidation in the 2.7-2.95 area stock finally broke out and took out its critical level of $3. The break of this key resistance line confirms a short-term trend reversal and the beginning of new momentum, which could move the stock above the $3.35 area.

( click to enlarge )

Mersana Therapeutics Inc (NASDAQ:MRSN) seems to be undervalued at current levels with a good balance sheet after reading the Cantor presentation on Friday. The stock was trading at $6 in May hit $1.48 on Friday, closing at $1.51. I think it could see a sharp reversal in the next few sessions. Remember, these bottom play type small bio stocks could continue to fall, but they could also post sizable relief rallies. The farther the fall the greater the chance for ahuge reversal, especifically stocks trading significantly below cash levels, its been quite a fall for MRSN on no news. Im long and strong here.

( click to enlarge )

I have Apple (NASDAQ:AAPL) on my watchlist. It may be ready to break out of this consolidation. Go long on a close above 228.22

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: AAPL, ABIO, ALRN, LULU, MRSN, NTEC, ROKU, SOLO, TOCA, TOPS, ZSAN

18:17 | Permalink |

AC Investor Blog

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

Saturday, October 26, 2019

Stocks to Watch for October 28, 2019

Tuesday, October 22, 2019

Stocks to Watch for October 22, 2019

Saturday, October 19, 2019

Swing trade ideas and stock charts for next week

Saturday, October 12, 2019

Swing trade ideas and stock charts for the coming week

Saturday, October 05, 2019

11 stock charts to watch next week

About Me

FREE NEWSLETTER

Support AC

Follow me

Advertising

PREVIOUS POSTS

TRANSLATOR

Site Information

Stock Market Blogroll

Friends BLOGROLL

ARCHIVES