AC Investor Blog: 11/01/2019

Friday's Stocks To Watch - Happy Thanksgiving

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Myovant Sciences Ltd (NYSE:MYOV) money keeps pouring into this stock. One thing that never lies with bio cap stocks is money flow and MYOV has got it going on. This was a $27.45 stock back in July 2018, and while I don't see that price coming this year, I do think there is plenty of more room to the upside. I entered last week around 12.6 and took some profits yesterday. This is very overbought, so this means a possible correction is near and this may give me again a chance to jump in when it moves lower, but the trend is clearly UP.

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Obalon Therapeutics Inc (NASDAQ:OBLN) interest is starting to grow for this small bio cap stock (Watch this Video - Treatment designed for overweight patients). The CEO recentlypurchased 65K shares, which boddes well for us, investors. At some point, investors will catch onto this stock and send it higher. Getting in before the crowd is one of the best ways to make money in this market. On the daily time-frame, the MACD-histogram has been sloping up again and the short-term EMAs have just ticked up to give a buy signal on the Impulse System. The stock needs to break the downtrend line at 1.85 to expect a strong rally at this point. Im long and strong.

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Synlogic Inc (NASDAQ:SYBX) another small bio cap that deserves your attention next week. The company announced recently that Aoife Brennan, M.B., B.Ch., Synlogic’s president and chief executive officer, will participate in a fireside chat at the Piper Jaffray 31st Annual Healthcare Conference at 11:30 am ET on Thursday, December 5, 2019, in New York City. Certainly this is a stock to watch heading into the conference.

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Nio Inc - ADR (NYSE:NIO) this stock closed near its session highs on heavy volume. This stock continues its uptrend and I see it trading at $2.6 and better next week. We have a gap to fill.

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I know many have lost money on Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) as it continues to plunge, but at some point this stock will find a bottom and post a strong rally. Could it be right here at $2.50 ? This technical chart says its time to hold what you got and add a little on the break of 2.71 for a run to 3.36. With the recent positive events I think it is only a matter of time before TTPH takes off and breaks out of its recent bottoming trend. I have been accumulating the stock.

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After a nice pop in the morning the rally fizzled in the afternoon and Hepion Pharmaceuticals Inc (NASDAQ:HEPA) investors were left with a 35% gain on the session. Stock needs to hold the 5.80 support level in order to resume the uptrend.

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Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) news out bolstered the stock and could be signal another potential rally for this stock. It certainly deserves watching going forward. This stock could break out at any moment. Alliance Global Partners maintained Tonix Pharma (TNXP) coverage with Buy and target $6.5

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: HEPA, MYOV, NIO, OBLN, SYBX, TNXP, TTPH

15:36 | Permalink |

Swing trade ideas for the short week ahead

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Myovant Sciences Ltd (NYSE:MYOV) is getting again some buying and looks poised to post some big gains if the buying volume persists. A break above $14.60 with conviction (volume) and the next target is $17

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OpGen Inc (NASDAQ:OPGN) broke out of its down trend with an impressive showing on Friday. This could be the start of a new trend. Long setup on watch.

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China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) has been in a slow steady tailspin for the last few months. Last week, the stock briefly hit 78c marking a fresh low for the year. It quickly bounced back on volume and we could have seen the lows for this stock over the short-term. I took a long position on Friday, expecting a strong bounce in the coming week to test initially the 1.3 resistance area. Yesterday was a great step in that direction. At current levels, and based on the long-term chart above the risk/reward seems favorable. Plus, some China names have been hot lately.

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Zafgen Inc (NASDAQ:ZFGN) some many remember how I had MRSN constantly on my watch lists and Twiiter posts. It took MRSN several days to start to move after I brought it to my Twitter followers. The same will be said for ZFGN. Recent price action for ZFGN seems to be similar to MRSN. For the first time in months, the stock closed above the declining 50-day EMA on volume and above the key resistance of 80c. I think $1.06 is doable short-term PT with similar buying, or an even better price depending on the action. Im long on the name.

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Unum Therapeutics Inc (NASDAQ:UMRX) continues to sell-off in impressive fashion. The time might be coming for a big bounce. A bounce that could send this stock back over 90c IMHO There is a big event in December 5th (Piper Jaffray 31st Annual Healthcare Conference, New York). Plus, the stock is extremelly oversold which could be another good reason for a sharp bounce. I took a long position on Friday.

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Conatus Pharmaceuticals Inc (NASDAQ:CNAT) Another interesting chart for penny lovers. Lets see if we can get a move back over $.36 The +DI line is crossing the ADX and this is a great sign for buyers coming into the stock again.This $.35 stock looks poised for a 20-30% short-term breakout.

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Akerna Corp (NASDAQ:KERN) soared 35% on Friday closing at $7.24 after hitting $7.70 and I brought it to the attention of my twitter followers at $5 on Wednesday. Congratulations to all who took a chance on this stock. Watch the 7.70 level for continuation.

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Valeritas Holdings Inc (NASDAQ:VLRX) this could be the next stock runner. At $1.50 this looks a lot like CMRX and it has the potential to pull a similar move. Squeeze over 1.57

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Cancer Genetics Inc (NASDAQ:CGIX) This is a stock that came up on one of my bottom scans. Stock moved nicely on Friday, as traders continued to eye a potential breakout in the name. Watch the break of this downtrend line for a run to test the recent highs.

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Clovis Oncology Inc (NASDAQ:CLVS) had another great trading session on Friday and this stock could continue to impress. Still on my watchlist.

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: CGIX, CIFS, CLVS, CNAT, KERN, MYOV, OPGN, UMRX, VLRX, ZFGN

18:28 | Permalink |

Swing Trading ideas for the upcoming week

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Shares of ZOOM (NASDAQ:ZM) are starting to heat up again and are worth watching next week. If volume can pick up, I think this stock can break through resistance at $71.1 (Friday's high) and re-test its daily EMA100 in the coming sessions. You should watch this stock closely on Monday.

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ADT Corp (NYSE:ADT) is a stock to watch closely on Monday. It continues to perform strongly and appears poised to breakout to new highs after a nice consolidation. Keep an eye on it for a possible breakout over 8.47

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CEI hit $1.80 yesterday and is worthy of a little attention. In all honesty, I dont like this stock, but it could see some more buying next week, so I'll have to put my own feelings aside. Technical's are looking up as we see only minor resistance at 1.80. Once it breaks this pivot level we can see it hit the higher levels in minutes. CEI is a trade for next week.

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OpGen Inc (NASDAQ:OPGN) is one for the bottom pickers. Nice bullish hammer candlestick printed on the daily chart, so in my humble opinion it could be a good entry point to start a long position. In addition, the stock remains in very oversold conditions.

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Valeritas Holdings Inc (NASDAQ:VLRX) showed more signs of strength on Friday's session, as the stock closed up 13 cents on the day. The stock has strong resistance around $1.61, and breaking above could take the stock to $2.34 in a very short time frame.

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Veritone Inc (NASDAQ:VERI) Upside volume is picking up and a bottom pattern is taking shape. The daily technical indicators are looking better for the stock with MACD flashing a buy signal, %K line on top of %D line and RSI indicator moving up. Keep an eye for a possible breakout over $2.88 NOTE: Director purchased more than 133k shares last week.

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I still holding Obalon Therapeutics Inc (NASDAQ:OBLN) patiently for higher expected levels ahead. The stock remains in a short up trend. Further rise to test 2.10 resistance is still possible, and a break of 1.8 will confirm such case. CEO is buying a lot of shares at current levels. They must know something positive about the company. Keep it on watch. Im accumulating.

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Scworx Corp (NASDAQ:WORX) the action for this stock was a little suspect on Friday after the company reported a strong revenue increase in the 3Q 2019. I was expecting a strong gain, but i forgot that many small cap stock investors do not like to hold these names into the weekend. The trading was likely old shareholders liquidating without knowing the true value of the report. I still like WORX for more gains.

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Globus Maritime Ltd (NASDAQ:GLBS) printed a nice doji candlestick on Friday's trading, which indicates a potential reversal. I believe there is a high probability of seeing a meaningful bounce in the stock in coming days as the stock seems to be forming a double bottom. There is a gap to be filled over 2.20

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FuelCell Energy Inc (NASDAQ:FCEL) After making a move from 39 cents to $1 the stock has pulled back and consolidated. It needs to work out the overbought condition to start a new rally. The stock withstood a sell off (Typical profit taking) after hitting recent highs and has been trading in a tight range ever since. Volume has been dwindling compared to the volume we saw at the start of this rally in early November. The risk is also there for a decline back to prior levels, but for now from a bullish perspective the chart look compelling. As long as the stock holds the 72c level, the uptrend remains intact.

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: ADT, CEI, FCEL, OBLN, OPGN, VERI, VLRX, WORX, ZM

19:30 | Permalink |

Stocks to Watch for November 11, 2019

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Tilray Inc (NASDAQ:TLRY) on watch for a quick reversal. It has been holding this small trading range for the last sessions and I feel the next move will be higher. Go long on the break of Friday’s high at 24.10 The momentum in the short-term remains bullish, with MACD trending upwards above its signal line. Long setup on watch.

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Cronos Group Inc (NASDAQ:CRON) another potential reversal play. The stock is reversing off lows and is seeing strong buying volume. We could see a follow-through day on Monday with the stock now trading above all short-term major exponential moving averages. The next clear point of resistance is $9.37

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Taronis Technologies Inc (NASDAQ:TRNX) is a stock I tweeted about last week as one to watch for a potential reversal as well as one that has been on my low float bottom scan. On Friday, that reversal came to fruition to the tune of an 14.29% gain for the stock. Congratulations to all that profited on this stock and its big move. There is no reason the upward trend will not to continue. In fact, there are several reasons on chart signaling that the uptrend could accelerate this upcoming week.

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Ocean Power Technologies Inc (NASDAQ:OPTT) On my fireworks list for next week. The stock is right near its bottom and I think we could see a strong reversal over the coming days. Company will host a Commercial Update webcast and conference call on Thursday, November 14 at 11:00 a.m. EST. The presentation will include details of OPT’s recently announced sale of a PB3 PowerBuoy to Enel Green Power Chile, as well as updates on current projects, the products and services pipeline, and a review of new product innovations.

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I like Plus Therapeutics Inc (NASDAQ:PSTV) for a reversal. Chart looks to be making a turn here. This $2.55 stock will have its day sometime in the near future. In my view, is a great bottom play.

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Precipio Inc (NASDAQ:PRPO) is a stock I think deserves some watching over the coming sessions for a potential reversal. Another stock whose pattern is looking quite good here for higher prices. Looks to be setting up for an upside move, as the stock has held up well the past few sessions. Breakout watch above 2.50

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: CRON, OPTT, PRPO, PSTV, TLRY, TRNX

17:40 | Permalink |

Several trade ideas for the coming week

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Remember some of you might be long Chimerix Inc (NASDAQ:CMRX) from my comments back on October 26th in my last weekend newsletter. At the time I stated that stock had formed a Doji candlestick on daily, which could mean bears power is slowing down and a signal a reversal. If you bought, congrats you are doing well, currently it's trying to take out the next major resistance level at 1.62

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BIOLINERX LTD/S ADR (NASDAQ:BLRX) volume was sharp yesterday and we could be looking at the beginning of the next rally. Company will present next week two posters at the Society for Immunotherapy of Cancer (SITC). Let's see what next week brings. Im long and will add more on the break of its declining 100-day EMA at 2.92

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Xunlei Ltd (NASDAQ:XNET) this is a stock that is still flying under the radar of so many traders. Looking at the hourly chart, the uptrend remains intact and with continued buying pressure I am looking for this stock to hit and pass its recent high at 6.83 If you are long, play it with a tight stop. The rising hourly EMA20 has been a good support zone.

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Arcadia Biosciences Inc (NASDAQ:RKDA) I suggest you keep this stock on your radar. The accumulation/distribution line remains elevated in the midst of the price decline, showing that buyers are still active. At some point I think it will post an impressive rally IMHO. Note:Earnings after market close on November 6. On watch.

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Navidea Biopharmaceuticals Inc (NYSEAMERICAN:NAVB) could be at the beginning stages of a bounce. One that could ultimately take this stock back over $1.10 and beyond. I took a long position on Friday for a swing trade.

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Skyline Champion Corp (NYSE:SKY) had a strong bounce off the rising 100-day EMA on Friday accompanied by a nice pickup in volume. From a technical standpoint, daily technical indicators are back in bullish zones. The MACD is rising and in the positive territory. RSI is above its 50% level and the stock is back above all five EMAs. Watch this bullish consolidation for the next directional clue. Long setup on watch.

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Amneal Pharmaceuticals Inc (NYSE:AMRX) Strong move yesterday on solid volume. Traders should watch for a potential breakout over 3.48 The daily MACD is positive and above its rising signal line. A breakout above this key resistance could take the stock much higher as the daily technical chart shows little resistance. Long setup on watch.

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T2 Biosystems Inc (NASDAQ:TTOO) continued to show strength with another gain. Friday's rally put shares above the upper line of the triangle (resistance zone), which is a bullish sign. The technical daily chart looks bullish with a short-term target of $3.21 SL 2.19 rising EMA100

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Apollo Global Management Inc Class A (NYSE:APO) broke out in impressive fashion yesterday. I think we will see some nice follow through on Monday.

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Apple (NASDAQ:AAPL) hit a new high yesterday and continues to draw interest. I would keep a close eye on this stock going forward. Any pullback to the 9-day EMA offers a low risk entry opportunity for these types of trending stocks.

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Valeritas Holdings Inc (NASDAQ:VLRX) is starting to work its way through some heavy resistance. I would not be surprised if this stock finally gives investors what they have been waiting for. Company had great news recently. I still accumulating shares at current levels.

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Eltek Ltd. (NASDAQ:ELTK) another low float play basing nicely. On my fireworks list.

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, AMRX, APO, BLRX, CMRX, ELTK, NAVB, RKDA, SKY, TTOO, VLRX, XNET

14:29 | Permalink |

AC Investor Blog

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

Thursday, November 28, 2019

Friday's Stocks To Watch - Happy Thanksgiving

Saturday, November 23, 2019

Swing trade ideas for the short week ahead

Saturday, November 16, 2019

Swing Trading ideas for the upcoming week

Saturday, November 09, 2019

Stocks to Watch for November 11, 2019

Saturday, November 02, 2019

Several trade ideas for the coming week

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