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Friday, April 10, 2020 

8 stocks to watch in the coming week - Happy Easter !!

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SG Blocks Inc (NASDAQ:SGBX) has been mired in a tight range between the EMA50 (yellow line) and the EMA200 (green line) on 30m chart, after pulling back from its highs from a few days ago. Could this stock be ready to resume its rally next week? The longer its stays in this range, the better the case can be made for the bulls. From a technical standpoint, based on this time-frame, I think the current price range is an attractive entry for the impending 20-30% run that lies ahead. As i always say, i play what i see. If the breakout happens, could be another dollar up wave at least as a technical projection. Lets see if that happens on Monday. Im long.

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IMAC Holdings Inc (NASDAQ:IMAC) has also another good looking chart and is setting up nicely for a big run. All technical momentum indicators are in bullish configuration as the outlook remains positive. Get your ticket for the move higher.

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SONNET BioTherapeutics (NASDAQ:SONN) caught my attention on Thursday because of the price action and the large falling wedge that i usually love to play. Plus, it is starting to show some of a bottoming process, with a bullish divergence forming on the MACD Histogram. The stock has held its current range meaning we could be seeing at least a temporary bottom. If the stock does indeed bounce and break the upper line of the falling wedge to the upside located around 5.4 we could see a significant short squeeze.

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Predictive Oncology Inc (NASDAQ:POAI) The bottom looks to be in, and the risk of more bloodshed is a lot lower than it was weeks, or even days ago. The stock seems to be forming a bottoming process and there are reasons for that. Hourly MACD is making higher lows while the price action is testing the bottoms indicating that the downmoves is less strong each time. The break and close above the 1.48 area next week will constitute the trigger for the reversal.

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Eros International plc (NYSE:EROS) broke out yesterday above its downtrend line that has been in effect since January. The breakout looks real good and i sense significantly more upside at this stage. Also MACD shows positive momentum. There could be good upside in EROS, so watch the stock closely next week.

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BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) is coiling up for a breakout move.

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Biocept Inc (NASDAQ:BIOC) is displaying upside momentum again and is poised to move higher from these levels. Let’s see whether the stock can gather enough momentum to break through 39c next week. If the Bulls are able to push through this level, there will be another rally towards 55c. The uptrend continuation scenario is slightly more likely at the moment. Shareholders may remain invested with a stop-loss at 25c.

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Myovant Sciences Ltd (NYSE:MYOV) jumped 85 cents or 9.71%, Thursday, on solid volume and finished at its highest close in more than five weeks. The stock closed at 9.6, above the key resistance area at 9.27, confirming the breakout. The close was also near the high of the day, which is another good sign and an indication of possible continuation of the current bullish momentum. In the coming sessions, we could see extension of this new momentum towards 11 area.

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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