-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Charts on my watchlist for next week » | Stock watchlist for the coming trading week » | Big, Mid and Small caps to watch next week » | Technical Setups to watch next week and my Trading... » | Some of my favorite chart setups for next week » | Small caps have been on everybody's radar last wee... » | Swing Trading Setups to Watch Next Week » | Stock Chart Patterns to Watch Next Week » | Some trade ideas for the week ahead » | Stocks to watch out for next week » 

Saturday, November 07, 2020 

Some stocks of my watchlist for next week


( click to enlarge )

Aptevo Therapeutics Inc (NASDAQ:APVO) We need to be realistic and understand the huge risk of a long position following a massive rally of 266% without significant news that could justify the move. From a technical standpoint, the stock is very overbought which means the risk to go lower is higher than going up. I shorted the stock at $63 yesterday after-hours for the coming week. The stock will fall sooner than later.  After all, nothing can go up forever.

( click to enlarge )

Bio-Path Holdings Inc (NASDAQ:BPTH) is also an interesting small bio cap that I like a lot with a very small float and I would not be surprised with a APVO type-move. The recent euphoria on APVO could fuel shares of the small bio caps with a low float. BPTH is not just a low float accumulation play, it has a lot more going for it. The company is currently in an ongoing Phase 2 clinical trial of prexigebersen in combination with decitabine as a treatment for acute myeloid leukemia (AML), and this new patent protects the unique therapy combination and supports our ongoing investment in this program to bring a new treatment option to patients with AML who have limited treatment options. From a technical standpoint, daily MACD has triggered a buy although in negative territory, but everytime MACD Crossed bullish in history it rallied 30-40%. I still feel a push to $4.5 - $5 is entirely possible. This was a $6 stock less than 3 weeks ago and once it starts to squeeze higher there is really no telling exactly where it will go. One thing we do know, shorts need to buy back stock to profit from their bets, which only adds fuel to the fire. Definitely on watch next week. Note: Company will host a live conference call and audio webcast on Friday, November 13, 2020 at 8:30 a.m. ET to report financial results for the third quarter ended September 30, 2020 and to provide a business overview. Im long.

( click to enlarge )

Boxlight Corp (NASDAQ:BOXL) displayed some relative strength on Friday. If it breaks this trendline tomorrow, that would be a long trade with a stop at 1.29

( click to enlarge )

I've covered  Arca Biopharma Inc (NASDAQ:ABIO) in the past and it appears the stock is getting attention again. It needs to break through $4.15 to really get going. A break of that figure brings $5.50 into focus. This stock looks like a great bottom type play. The company announced last week some news and a very strong cash position that could mark the turning point after a drop from over $22 a share in May to current levels. I think ABIO will post a nice rally from here and deserves being added to your watchlist.

( click to enlarge )

Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) has just 1.8M shares float, that's the reason i'm holding for next week. The APVO move will scare some shorts here. The stock is in the process of bottoming and I expect a pop above $2.72 at some point in the coming days. Technical indicators are showing signs of turning around with MACD curling up and RSI in oversold levels. On watch.

( click to enlarge )

Globus Maritime Ltd (NASDAQ:GLBS) classic accumulation before a run. I believe that the bullish accumulation witnessed during Friday's session is a prelude to what traders could see next week. As I always say, follow the money, and right now there is some nice money flowing into this stock. The daily indicators are also showing signs of reversal. If it can break through the 7.80 resistance level, the stock should have a nice move on the upside.

( click to enlarge )

Another shipper name showing signs of a bottom. TOP Ships (NASDAQ:TOPS) still needs to take out the EMA20 at $1.08. Although the stock did not perform well this year, we finally start to see some signals of rebound as the daily technical chart shows positive momentum is back. I'd look to the $1.08 level moving as the next buy point. If it passes that, then we have room to run to next resistance at $1.31 then 1.75 (gap zone). Let’s keep an eye on it.

( click to enlarge )

Pixelworks, Inc. (NASDAQ:PXLW) The strong bounce off the $2 level and the very bullish candle looks pretty promising for longs next week. A break of 2.55 would confirm continuation of the up move with a stop loss located at 2.16

( click to enlarge )

Digital Ally, Inc. (NASDAQ:DGLY) Still watching this stock, especially after Friday's action. The 3.19 level needs to be broken as resistance for some momentum to pick up.

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: , , , , , , , ,

Bookmark and Share

Contact

About Me

    Photobucket
  • I'm a 47 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.

  • Benzinga.com supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google