Stocks to watch for the week of June 21
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Gaucho Group Holdings Inc (NASDAQ:VINO) has been under accumulation for a couple days now. If volume can pick up I think this stock can break through resistance at $7.19 and re-test its recent highs around $9.03 I took a long position on Friday
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Chemomab Therapeutics Ltd (NASDAQ:CMMB) My long position on this small bio play remains intact. On the technical side, the stock has been pulling back on low volume to test the breakout zone around the $20 area. If this zone is respected next week, I expect that the next rebound will push the price up to $27. Money flow has been very solid over the past days and the accumulation/distribution continues to be bullish, we just might be on our way to higher prices. NOTE: The company has a poster presentation scheduled for Wednesday at the International Liver Congress 2021 (EASL). Analysts' price target range consensus $43
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Xeris Pharmaceuticals Inc (NASDAQ:XERS) Will it break up this resistance level next week? The stock has been forming a bullish flag trend continuation pattern for the past several days, just under the 200-day EMA with a 4.42 buy point. With good trading volume, the stock could be poised to trade higher to test its next level of resistance around 5.09 Long setup on watch.
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Laredo Petroleum Inc (NYSE:LPI) Setting up a possible resistance breakout trade. Go long on the break of 68.31
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Tesla, Inc. (NASDAQ:TSLA) started the day negative but turned things around to close up nicely on decent volume. Keep an eye to see if it can break out above the $635.59 level next week. The stock shows signs of a trend reversal. Trajectories of momentum indicators on daily charts also suggest uptrend for the stock. Long setup on watch.
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Bigcommerce Holdings Inc (NASDAQ:BIGC) 64.33 is the next resistance level that if broken, could send shares back to test the 200-Day EMA at 69.82
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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.
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AC
Labels: BIGC, CMMB, LPI, TSLA, VINO, XERS
