A Few Names on My Watchlist for the coming week
Inovio Pharmaceuticals Inc (NASDAQ:INO) stock is up almost 230% from late February. As I always say, follow the money and the money looks to be flowing into this one. I signaled a buy alert on the breakout. INO’s move has been parabolic and is currently very overbought in all time-frames. A healthy correction or sideways consolidation may be coming to provide an opportunity to work off this strong rise and pullback to immediate support 12.79 EMA9 on hourly chart. As long as the stock stays above the $10 mark on a close basis, the intermediate uptrend by the stock is likely to remain intact.
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T2 Biosystems Inc (NASDAQ:TTOO) Thursday's tweet about Coronavirus (CLICK HERE TO READ) was the first issued by the company. As I have told my followers, I think TTOO is a penny stock that is just getting started. While it can take days or even weeks for these stocks to get going, when they do there is literally no telling how far they can go. We had several examples in the past days. The recent surge on the volume is telling us something, someone is accumulating a lot of shares before the big rally IMHO If the company releases a press release regarding Covid-19, the stock could spike to $1.5 a share, nearly triple its current level.
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Cocrystal Pharma Inc (NASDAQ:COCP) Add this stock to your watchlist following the news that the company has immediately initiated Coronavirus program. Watch the break of resistance at 1.63 for a possible run to $2.5+
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Castor Maritime Inc (NASDAQ:CTRM) released their financial results for the three months and Year Ended December 31, 2019 last week showing an impressive net cash from operating activities of $1.3 million as compared to $0.1 million in the corresponding period of 2018, which represents an increase of $1.2 million, or 1200%. The stock spiked to more than $2.5 right after the company reported its surprise upbeat earnings, but it has been pulling back due the current market enviroment closing on Friday at 83c. With an outstanding share count of only 3.32 million but the with the float of just 1.8 million shares we could see another big push to the upside to adjust this surprise earnings beat. Stock is forming a nice falling wedge on the 30m chart while MACD is starting to curl up. Add this stock to your watchlist.
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Globus Maritime Ltd (NASDAQ:GLBS) A drop from over $1.2 to a close of 45c on Friday. I think a bounce is almost inevitable at this point, and it will be a very sharp one. Add this stock to your watchlist.
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Tocagen Inc (NASDAQ:TOCA) broke out in impressive fashion on Friday closing above the declining EMA200 for the first time in months. I think we will see some nice follow through tomorrow. Next major resistance lies at 4.45
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NanoViricides Inc (NYSEAMERICAN:NNVC) is a risky play that seems to fit the description of some of these coronavirus stocks that have run. In order to suggest that the short-term trend has changed course, the stock needs to close above this horizontal resistance line, which currently resides at $12.90
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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Myomo Inc (NYSEAMERICAN:MYO) looks poised for a break to the upside. Daily MACD is curling up and Slow Stochs crossover and upward turnaround. This is one of those stocks that could rise $1 - $2 in a hurry if buying pressure comes in.
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: COCP, CTRM, GLBS, INO, MYO, NNVC, TOCA, TTOO
