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Sunday, January 05, 2020 

Hello 2020 !!! My First Blog Post of the Year. A Few Trading ideas for some Big, Mid and Small caps

Hello Everyone !! 

I hope you have had a great New Year celebration. Here we are for another year that promises to be volatile in overall markets due to US 2020 election. Anyway, I wish to all good luck for trades, wishing you good profits and I hope to contribute to make it possible too. From my point of view, I think and hope that the current Bull market initiated in July of 2009 will continue, even with many uncertainties playing against, so along this year keep your eyes wide open. 

Feel free to reach out to me at antonio.mrcosta@gmail.com for inquiries about my newsletter/twitter or whatever. Thanks for reading.

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McDonald's (NYSE:MCD) Just last week I posted this chart noting that the chart was looking better. The stock was on my potential breakout scan and looked poised for gains. This is what the stock has done since. As long as the breakout holds, we could see a measured move up toward the mid 205’s.

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Splunk (NASDAQ:SPLK) has been rising in an ascending triangle formation. Look for the break above the 153.66 level to enter longs. Daily indicators are in favor of an upward price movement: all the 3 major moving averages are below the current price and MACD still above the 0 line. Long setup on watch.

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Blackberry (NYSE:BB) had a huge move in the mid-December and has been consolidating in a bull flag pattern. Volume has been declining during the consolidation period which is very healthy. A breakout of the flag with higher than normal volume can trigger a sharp upside move towards 7.50

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Shineco Inc (NASDAQ:TYHT) looks like it is a decent risk reward long play here. The stock has been pulling back the past 8 sessions, but looks to have found a bottom at its current price level. I'm watching this stock closely on Monday, as buyers might start buying at this support level. Could pop significantly over 0.625, which reflects Friday’s high of the day. With the amount of accumulation going on with TYHT, when the stock finally does begin to walk, it will take significantly less volume to move it. I took a position.

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Westwater Resources Inc (NASDAQ:WWR) This downtrend line has been proved to be a strong resistance. More times the resistance has been tested, there is good chance for breaking above that point. Honestly speaking, I feel that there is a possibility for WWT to go beyond $2.5 in the coming days. What I like about this daily chart after Friday's close is the curling of the MACD indicator. Volume has slowed, selling still has abated. Let's see if I'm right. I think WWR will make for a great trade tomorrow and throughout the week. Major resistance lies at 4.50. Low float plays have been very hot, so keep a close eye on it going forward.

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I think  Achieve Life Sciences Inc (NASDAQ:ACHV) will have a relief rally after its dramatic fall. The stock has held its current trading range, meaning we could be seeing at least a temporary bottom imo. I wouldn't be surprised if this stock popped 20-30% in just one session soon. Squeeze over 57c

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Inpixon (NASDAQ:INPX) closed at 45c on Friday. Such a beautiful move off its lows and while the stock remains overbought, it has some serious momentum on its side. This stock was on my December 17th bottom scan at 13c. Looking at this hourly chart, the stock needs to hold the 0.415 zone to expect further gains. Tight stop losses should be used here.

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Applied DNA Sciences Inc (NASDAQ:APDN) the accumulation is still there and this, in my view, bodes well for the stock. Big boys are holding this low float play. It will be a very hot stock at some point this month IMHO Janury effect.

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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