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Saturday, December 28, 2019 

Some trade ideas for the last trading days of the year

Hello everyone,

Thank you to all who have been with me this far and congratulations to everyone on taking advantage of all the recent gainers. Always remember to use sound money management and do your DD when participating in any security exchanges. The small cap market can be extremely rewarding and that is why i love when certain opportunities arise. But these stocks can also sometimes move rapidly and be very volatile, so never risking any more than you could afford to lose is a rule to never be forgotten. Thats the golden rule to be successful. 

I would like also to take this opportunity to wish a Happy New Year to all of you and to your families! I hope 2020 will be a year filled with good health, happiness, freedom from war, violence and success for you and your families. Enjoy reading the last post of 2019 and get ready for another potential amazing year. See you all in January. Take care.

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Thermogenesis Holdings Inc (NASDAQ:THMO) ended the week with a bang on Friday. The stock exploded from a low of 2.72 to a high of $4.81 for a nice intraday move of 60%. Congratulations to all my readers and twitter followers that played last week blog alert and pocketed some nice gains.

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For those of you that will be celebrating this weekend the gains on THMO, I would like to present this chart of another low float stock that could see a nice bounce in the week ahead. EVINE Live (NASDAQ:IMBI) The stock has given a trend-line breakout on the daily chart which indicates a reversal of the previous bearish trend, which confirms the bull trend in the short-term heading for immediate target of 4.85-5.25 levels. Oscillators like Slow Sto, MACD and RSI too supports the new bullish momentum, due to its positive divergences.

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It looks like Obalon Therapeutics Inc (NASDAQ:OBLN) is starting to turn back up and indicators are giving the first bullish signs. On Friday it closed just slightly below its 50-day EMA, which if broken could accelerate the stock toward its September highs around the 2.35 area. A volatility squeeze seems eminent. You want to watch the stock closely as OBLN can move quickly and you want to be ready for this move once it happens. Long setup on watch.

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Kodak (NYSE:KODK) hit a new 52-week high Friday, trading as high as $4.07, before settling at a close of $3.83. The stock broke a pennant formation on volume and will be watching it on Monday, looking for a follow through move. As long as the stock stays above the rising EMA13, the short-term bullish scenario still intact. Technical chart shows very strong bullish sign.

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Sunworks Inc (NASDAQ:SUNW) Friday's candle closed back above the EMA13 with volume backed confirmation and I expect to see a continuation move next week. The daily technical indicators are reversing up and are advocating for a technical rebound.

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Cassava Sciences Inc (NASDAQ:SAVA) established a new 52-week high on Friday of 5.5, however in the afternoon stock retracted closing at $5.21. Technically speaking, the stock is showing some strength along with the momentum. Adding to my conviction is that the stock continues to trade above all the hourly exp moving averages and specially the ever critical 13-hourly EMA (it has been served nicely as support) which is now located at 4.57. The short-term bullish still intact as long as the stock remains above the 13-hourly EMA, but a tight stop loss should be used.

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McDonald's (NYSE:MCD) continued its short-term bullish momentum on Friday. The stock price is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening $199 is the level to watch for a breakout.

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BOQI International Medical Inc (NASDAQ:BIMI) closed the Friday session strong right near the high of the day. We all know what can happen with BIMI when it gets some momentum behind it. This is a stock to watch going forward.

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Fiverr (NYSE:FVRR) closed up 6.84% above the key resistance level of 24.86 in what may be the start of a trend reversal. I think this stock could be setting itself up for another nice run short term. Needs confirmation 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

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  • I'm a 46 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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