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Saturday, October 17, 2020 

Big, Mid and Small caps to watch next week

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Thermogenesis Holdings Inc (NASDAQ:THMO) Get ready for take-off. This company has built up a strong COVID news profile and this has bled into its technical setup. The biggest catalyst though is THMO’s trading price. At less than $3 it is being touted as the discounted play of the month so far. The strong mix of pattern and positive divergences on key momentum indicators has given the stock very strong upside potential. I suspect it won't be off the list of many potential buyers. The bounce potential in the play is huge, relative strength is pretty much neutral and liquidity is quite strong. Most importantly, it has been forming a large falling wedge pattern, in play for almost 3 months confirmed by the bounce at the bottom a few days ago, but now it seems like THMO managed to close outside of it and will start a new market cycle possibly. A look at the oscillators still indicates an overall bullish setup with stochastic and RSI both indicating strengths. Trading volumes have been strong since the past few trading sessions, which is also a clear indication of higher participation in the stock. This could break north so be ready.

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After a long stint stuck under $2 per share, ADiTx Therapeutics Inc (NASDAQ:ADTX) finally broke out to the upside with some authority. I believe there are still plenty of profits on the table for the stock and that’s why I'm bringing it to your attention once again. It closed up over 12% on 4M shares traded, one of the highest-volume days of the year. Long positions can be considered with a stop loss of 1.84 on a daily closing basis. Initial targets are 2.84 and 3 From a technical perspective the MACD is rising in negative territory and RSI is again moving upward.

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Boeing (NYSE:BA) The declining 100-day exponential moving average has been a strong wall over the past months, but it's likely to be broken soon. BA needs to take out $173.4 with vengeance. The break of the resistance line with heavy volume should be the next buy point. The stock is setting up for a strong move soon. Check out the volume on the daily chart as it approaches the top. One to watch next week for sure.

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Catalyst Biosciences Inc (NASDAQ:CBIO) has been on a remarkable run in the last trading sessions. The long-term trend is turning positive as the stock is back above the 200-day exponential moving average. However, since RSI is approaching an overbought level there may be a chance of short correction and for now $6.50 level will be hard to break.

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Hertz Global Holdings Inc (NYSE:HTZ) Trading range for the next trading session is seen between 2.30-2.75 and either side break out will give clear direction to the prices. HTZ will move quickly, so keep it on your screen on Monday.

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XpresSpa Group Inc (NASDAQ:XSPA) stock is backtesting both its short-term EMAs and recently broken uptrend line. If the stock can decisively break 2.25, it could run to 2.55-2.63 before a possible test of the recent highs. Bulls will note that the stock is still quite oversold, but the stock will need to break and hold its 50-day EMA in order to set the stage for a move higher.

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Beasley Broadcast Group Inc (NASDAQ:BBGI) Despite the slow market action on Friday, BBGI's stock performed well relative to the whole market. From a technical standpoint, it looks like a bottom formation here. A breakout over $1.41 with strong volume would send this flying. Long setup on watch.

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Gogo Inflight Internet (NASDAQ:GOGO) is coming up to a big level, as the stock is near its recent highs around 11.25. I'll be watching this stock closely next week as I expect to see a strong move once the stock breaks through resistance. A move past $11.25 would be a strong indicator of a further uptrend in the stock. The technical daily chart shows a continuation of the uptrend with MACD and RSI in the Bullish areas. On watch.

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Lazydays Holdings Inc (NASDAQ:LAZY) stock hit a new high and continues to draw interest. I would keep a close eye on this stock going forward it may make for a great trade. As long as the stock stays above $16.26, the bullish scenario is still intact. From a technical perspective, the chart shows very strong bullish signs. The stock is trading above all major EMAs with both moving average pointing upwards. Additionally, the accumulation/distribution line still shows the stock is on the positive swing. Friday’s high was $17.69, which is resistance for the follow through move. If the stock can break through this level, expect to see heavy volume drive the stock higher. Long setup.

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ProPhase Labs Inc (NASDAQ:PRPH) broke out and never stopped all day. There is a good chance the stock will continue to move up. Could squeeze over 7.49

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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