9 stocks worth watching next week
( click to enlarge )
Clover Health Investments Corp (NASDAQ:CLOV) Friday's close was notable as the stock broke the downtrend line that has been in place since early June. On the technical chart, we can see a few things going on here. First, the stock is back all short-term EMAs. Also, MACD is indicating a trend reversal to the upside. Last, and definitely not least, we can see that the money seems to be flowing into the stock and RSI is turning up.
( click to enlarge )
Globus Maritime Ltd (NASDAQ:GLBS) The Baltic Index continues to make new highs almost everyday. Historically, November is the best month for shippers but with the current Index rally i suspect that in 2021 will be a little different, perhaps the shippermania could be about to start. I love this setup as a potential bottom in the making. Daily technical indicators are showing the first signs of a positive divergence from price. The MACD is already displaying a clear bullish divergence to the price action over the past few weeks, this suggests that the upside momentum could be building up. In addition, the daily RSI momentum oscillator is signaling a positive crossover from the oversold territory. Plus, the A/D indicator is also showing some positive divergence. The stock is now likely to test and potentially overcome its 100-day EMA in the days ahead.
( click to enlarge )
With the recent developments from the company I think this stock has a good chance at trading higher going forward. Squeeze over 3.09. I have been accumulating Moving Image Technologies Inc (NYSEAMERICAN:MITQ) looking for a run to $5
( click to enlarge )
CASI Pharmaceuticals Inc (NASDAQ:CASI) Historically, October is always a great month for a trend reversal on this name. I think we could see a strong reversal over the coming wks.
( click to enlarge )
Pharmacyte Biotech Inc (NASDAQ:PMCB) experienced unusual volatility and trading volume before the close on Friday. On my fireworks list.
( click to enlarge )
Voyager Therapeutics Inc (NASDAQ:VYGR) broke above resistance in Friday's trading session after a small period of consolidation. I still like this stock and will be watching it again on Monday, expecting to see a continuation move.
( click to enlarge )
ReShape Lifesciences (NASDAQ:RSLS) had a strong day as the stock closed up 65 cents or 26.21% on heavy volume. Friday’s high of $3.37 is now resistance for the continuation move. The stock is back on top over the 20-day EMA and MACD is showing positive momentum, while KD line also shows buy signal as %K line is on top of %D line.
( click to enlarge )
Core Laboratories N.V. (NYSE:CLB) looking primed for a range break to the upside. Breakout watch over 30.5
( click to enlarge )
Skillful Craftsman Education Tech Ltd (NASDAQ:EDTK) is getting closer to a major break-out so keep an eye on her and wait for a close over 1.3 to enter.
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: CASI, CLB, CLOV, EDTK, GLBS, MITQ, PMCB, RSLS, VYGR
