Here are several penny stocks and others to watch next week
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You know, sometimes hitting a winner in the market can be so effortless, and when it happens, you gotta celebrate a little bit. Once again Camber Energy Inc (NYSEAMERICAN:CEI) amazed and wowed the market with another Monster rally on strong volume expansion. A little over a month ago the stock was dead to the world and I wrote on Stocktwits/Twitter on Aug 5th about the similarities that were appearing on the bottom pattern of the chart, that reminded me of past mega bounces, and Voilá, i nailed it. A few days later the stock did exactly the same explosive move and is now trading around $1.50. Congratulations to all my readers and twitter followers that played and pocketed some massive gains. In the very short-term, the stock is back to extreme overbought levels following the gains last week, so a pullback could be in order before the uptrend resumes. However, if stock spends a prolonged period in the extreme overbought levels, it shows the trend is upward and in this case a move to next pivot level of $2.26 is realistic.
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Antelope Enterprise Holdings Ltd (NASDAQ:AEHL) For those of you that will be celebrating this weekend thanks to the CEI massive rally, I would like to present this chart of another low float stock that could see a nice bounce in the week ahead. I am very good at sniffing out stocks that are on the cusp of a short squeeze. Unlike buying a stock, when you can only lose as much as you invest, a short seller's loss potential is literally unlimited, which is one of the reasons why short squeezes occur. It's a panic and it can cause rapid moves higher in a stock price and in low float stocks the move could be even quicker. With just 2M shares public float and nearly 25% of the float sold short with a bottom chart, this stock is literally one of the best cases for a good risk/reward to create a short squeeze. This was a $7 stock less than 4 months ago and once it starts to squeeze higher there is really no telling exactly where it will go. One thing I do know, shorts need to buy back the stock to profit from their bets, which only adds fuel to the fire. The break of 3.48 next week could be explosive.
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Acasti Pharma Inc (NASDAQ:ACST) is also bottoming out. This one could easily run to $3 in a heartbeat, just needs a little love and attention. Bullish MACD crossover on 4h chart.
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Ironnet Inc (NYSE:IRNT) is still looking very strong. It pulled back a little at the end of the day on a small sell, but otherwise was up ticking with every buy. I expect this momentum to carry right on through to next week, where we could see $28 - $30 in rapid fashion. Keep an eye on her.
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Naked Brand Group Ltd (NASDAQ:NAKD) penny stocks have been on fire and this MEME stock deserves your attention again. Not only because it is a penny stock, but also because the chart is curling up. The technical 4H chart shows the possibility of a new rally as the stock bounced up after dropping back to its previous major resistance area, now major support. Further rebound is expected to test 66c. If a break above this level occurs, price could eventually target the 80c region to the upside.
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Wisekey International Holding AG (NASDAQ:WKEY) I remain firmly behind this NFT stock. This stock is currently trading around $8 and I have little doubt it rallies to well beyond $20 at some point. Those accumulating at these levels, in my honest view, will be sitting on some sizable profits down the road. Patience is key.
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Professional Diversity Network, Inc. (NASDAQ:IPDN) This stock is in the process of bottoming and we expect a pop above its 200-day EMA at some point in the coming sessions.
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On the watchlist no trigger yet. Long above $2.14. If the stock can break through this level, buy the stock and watch it take off. There is plenty of accumulation on the daily chart.
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Ion Geophysical Corp (NYSE:IO) Large volume on Friday. This is a candidate for a breakout, $1.50 is the pivot level to watch.
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: ACST, AEHL, AMST, CEI, IO, IPDN, IRNT, NAKD, WKEY
