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Saturday, June 06, 2020 

Here are 11 Small-Caps on my Radar for the coming week

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Camber Energy Inc (NYSEAMERICAN:CEI) is it on your watch-lists yet? The stock closed at $1.64 on Friday gaining more than 20% and it appears that the momentum is just beginning. Shares broke the downtrend line recently that had been in place since the beginning of April. Trajectories of momentum indicators on daily charts also suggest uptrend for the stock. The rally continued in after-hours action for shares of CEI, which surged more than 16% to $1.91 NOTE: This is a penny stock so play it like one.

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The crazy action in after-hours on CEI could fuel shares of SAExploration Holdings Inc (NASDAQ:SAEX). The stock gave us a nice move on Friday, which could be the start of a bigger move. If the stock price can break through the $2 level, we should see a strong follow through move. This move would break the trading range, and should drive the stock back towards April highs. You need to watch this closely because it could break resistance.

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SemiLEDs Corporation (NASDAQ:LEDS) has been flagging in the last sessions after a huge upmove in May from the 2 to 3.80 area. It has successfully backtested the neckline several times and held it well. If it reverses here, then the 3.80 is on the table. Daily technical indicators are in bullish zones. Plus, stock price has triggered a golden cross on the daily chart. I took a new position on Friday. Dont forget, LEDS is an ultraviolet play. WORTH READING: Breakthrough ultraviolet light development could help kill COVID-19 virus we should expect more news very soon.


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IMAC Holdings Inc (NASDAQ:IMAC) I believe that the stock could be gearing up to make a run out of this trading range very soon. The company released positive news recently that Wall Street may not have seen or reacted to yet. Volume is starting to pick up and there could be a decent short squeeze if it clears the $2 level. Im still long. 

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Sonnet Biotherapeutics Holdings Inc (NASDAQ:SONN) broke out and never stopped all day on Friday. There is a good chance it will continue to move up. If the stock price can break through $5, we should see it move up to $6-6.30. You need to watch this closely because it could break the next key resistance level. NOTE: On Friday, Chardan Capital Markets initiated Sonnet BioTherapeutics coverage with Buy and target $7

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Inpixon (NASDAQ:INPX) looks poised to breakout these next few days as attention appears to be returning to the stock via price gains, volume, and recent news. All three short-term EMAs are rising and the stock is trading above them in a short-term bull market. Daily technical indicators are looking bullish and overbought.

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Party City Holdco Inc (NYSE:PRTY) is probably one of the best acting stocks in the momentum. She is extended but no one seems to care. So, I'll be watching it carefully for any possible opportunities.

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XpresSpa Group Inc (NASDAQ:XSPA) bullish consolidation or the initial stages of a bigger pullback? Only the time will tell us. A break of the bull flag would argue for a continuation of the current uptrend momentum, on the other hand, a break of the horizontal line could send the stock lower to test support at the 20-hourly EMA and 50-hourly EMA at 1.42. Until support is broken in a convincing manner, the trend remains up.

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Therapix Biosciences Ltd (NASDAQ:TRPX) We finally got the breakout. Shares rallied past resistance at 60c and hit my trigger to open more long positions. As u know, i have been accumulating this stock since 30c. The stock looks good for further gains from here.

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Toughbuilt Industries Inc (NASDAQ:TBLT) Looks like a bottom formation here with a nice gap over 93c. Play accordingly.

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DelMar Pharmaceuticals Inc (NASDAQ:DMPI) Momentum has turned bullish and a break above resistance at 1.15 would open the door for a rally to 1.25

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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