A few trade ideas for the last week of June 2022
Dearest followers,
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Longeveron Inc (NASDAQ:LGVN) mounted a late day run on Friday that featured a frenzy of buying almost exclusively at the ask. You really have to like how this stock closed on Friday, near the upper line of the falling wedge pattern. This chart is one to watch for a potential bottom. The Daily MACD is starting to curl and I could see this stock recovering at least 30-50% from here. We could be in the early stages of a nice rally for this stock. Keep a close eye on it going forward. Just 4.37M shares float per Finzv and it has a 52-week high of $45. I am buying this Alzheimer Stock.
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AMC Entertainment Holdings Inc (NYSE:AMC) I can't identify any pattern here, but I can identify a potential big short squeeze due to its enormous short interest. I think Cliff committed a big mistake last week by provoking the apes. The Karma here could play a big rool by destroying the egocentrics. Watching closely the break and close of the $13 price level. Im long.
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Cyren Ltd (NASDAQ:CYRN) This Cyber name has been trading in a very tight range and looks poised for a breakout. The daily MACD and ADX are in buy mode. The stock trades quickly and I think at some point it will post a rapid ascent. Keep a close eye on this one.
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Nvidia (NASDAQ:NVDA) The daily technical indicators are displaying good signs. Watching for a breakout soon.
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Farfetch (NYSE:FTCH) made a nice move last week and it was with an increase in volume. Next resistance level for the stock is $10.04, but do not be surprised to see some additional resistance at the $10.75 price level. Let's keep an eye on FTCH as I think momentum will pick up again.
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Verve Therapeutics Inc (NASDAQ:VERV) cleared resistance on expanding volume and looks ready to extend its gains. Keep on watch list.
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Orbital Energy Group Inc (NASDAQ:OEG) looks to have found a bottom here around 71c, so watch for a breakout above 84c first for confirmation. Technicals are turning up from very oversold levels. Insiders have been buying and I also took a long position following the smart money.
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Watch carefully this potential double bottom formation in Cyngn Inc (NASDAQ:CYN). The pattern needs to confirm by breaking above the $1.80 resistance. If that break occurs, the stock should be ripe for a long trade. All technicals are looking bullish in the short term.
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Citigroup Inc (NYSE:C) is displaying a short upside momentum. Short-term traders could go long once the share price breaks abv the $48.34 price level. Although this trend is encouraging, the medium-term outlook stays cautious till the stock closes conclusively above $54.25 on heavy volume.
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The break of this key resistance line EMA50 with heavy volume should be the next buy point on BioXcel Therapeutics Inc (NASDAQ:BTAI). If it clears resistance at $12.6 the move may be powerful.
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: AMC, BTAI, C, CYN, CYRN, FTCH, LGVN, NVDA, OEG, VERV
