Stock setups for the coming week 15-19 November 2021
( click to enlarge )
Spi Energy Co Ltd (NASDAQ:SPI) The EV sector is too HOT to ignore this small EV maker. The company reported solid numbers last week, the revenue increased to $79.4 million, up 41% over the $56.4 million generated in the first half of 2020 and the gross profit increased to $7.4 million, up 134% over gross profit of $3.1 million in the first half of 2020. The trend has been established for the stock and it is pointing up. I think we could see $6.5-$7 come quickly, and $8.6 come after that. For anyone who trades small caps, unexpected volume is a great indicator of things to come (LA Show next week). The Company will begin accepting reservations to book orders for EF1-T and EF1-V solar-electric vehicles during the Los Angeles Convention Center. Honestly, I think now is the time to step in and ride what will be an impressive and deliberate rebound in share price. At $5.3 this looks a lot like RIVN and it has the potential to pull a similar move bc it seems way undervalued. On watch.
( click to enlarge )
Chemomab Therapeutics Ltd (NASDAQ:CMMB) Interesting Institutional buy activity detected last week, for the first time in weeks. Let's see if we can get a move back over $10. Volume history shows this stock won't need too much buying pressure to get it out of single digits land. As I said several times, I will not sell a single share below $40 only if something really bad happens. For some reason institutions are buying again. As usual they have access to inside information, which retailers don't ;)
( click to enlarge )
Clover Health Investments Corp (NASDAQ:CLOV) The company has done so many positive things in 2021. Currently at $7.17 this stock could be one of those huge high short interest stock runners. Patience is difficult in this market but can also pay off handsomely. I do think this stock will bounce back over $9.10 EMA200
( click to enlarge )
Vuzix (NASDAQ:VUZI) shares gained more than 15 percent, closing near its highs of the day on strong volume. The stock broke through resistance and out of flag formation. Looks good to go here. Its technical chart shows some bullish signals as both MACD and KD are now going up and the stock breaks above the 200 exp day moving average. Next resistance is now seen at $15.72 Long setup on watch.
( click to enlarge )
Accelerate Diagnostics Inc (NASDAQ:AXDX) The daily technical indicators are displaying good signs. Watching for a breakout soon.
( click to enlarge )
DiDi Global Inc (NYSE:DIDI) remains high on my radar due to the recent run up on volume. The daily technical chart is still showing buy signals with stock trading above short-term exp moving averages and MACD on top of 0. Keep an eye for a possible breakout over $9.85
( click to enlarge )
Ryan Specialty Group Holdings Inc (NYSE:RYAN) broke out to a new all-time high on Friday, accompanied by a solid volume suggesting higher levels. The technical chart still shows a bullish bias. I suspect the stock may continue to appreciate over the coming sessions.
( click to enlarge )
Newegg (NASDAQ:NEGG) has been pulling back on very low volume. Watch for reversal next week.
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
Thanks for visiting AC Investor Blog.
AC
Labels: AXDX, CLOV, CMMB, DIDI, NEGG, RYAN, SPI, VUZI
