Small cap stocks have heated back up this month and should continue to gather some attention due to its historical low valuation that a lot of stocks are hitting. I brought charts which I think will get some interest in the coming days. The point of this post is not to say that large caps are not also providing good setups for next week, but rather taking the opportunity to explore the good momentum of the small cap market and find out the best setups that could provide us great/highly lucrative swing trades (breakout or bounce).
I don't care if the market goes down or up. I'm here to trade and make money in whatever the market offers. If you are afraid of a recession or a market selloff, go home, this market is not for you. A real trader, trades in all types of markets. You don't need to trade everyday in my opinion to make money in the stock market. Wait for a good set up to show up and then bet what you can afford. Waiting for the right trade to show up is the most difficult part of the trade. Let me share some trade ideas.
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Kidpik Corp (NASDAQ:PIK) stock is back to levels it previously bottomed out in March. I took a position on Friday as I suspect that it could provide another great swing trade from current levels. As you know, the last time I traded it we made a huge profit. Let's wait and see now.
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Cyngn Inc (NASDAQ:CYN) Last week the stock finally filled the gap from late April. Daily MACD is starting to curl to the upside which is showing signs this may be nearing a bottom point.
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Cyren Ltd (NASDAQ: CYRN) The good news bolstered the stock last week and could signal another potential rally for this stock. It certainly deserves watching going forward. Breakout watch over 2.65
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E-Home Household Service Holdings Ltd (NASDAQ:EJH) A quick burst of buying pushed this stock above the EMA20 before closing the day at $.38. It's taking less volume to move this stock. If the buyers continue to surface on Monday we should see $.50 - $.75 in the short term. Plus, broke and closed above the downtrend line, signaling a potential trend reversal.
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AeroClean Technologies Inc (NASDAQ:AERC) just keeps heading higher. I like the way its been trading lately. Breakout watch over 14.23
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I know many have lost money on Blue Apron Holdings Inc (NYSE:APRN) as it continues to fall, but at some point this stock will find a bottom and post a strong rally. Could it be right here at $2.53? I would like to point out that Sanberg Joseph N. purchased more than 3M shares at $12 per share on April 29th. More than 30% of the float is sold short. This is a potential big short squeeze play.
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Sharplink Gaming Ltd (NASDAQ:SBET) has started to break out after trading near its all-time lows for several weeks. I like this stock and I think it can post big gains at some point in the future.
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: AERC, APRN, CYN, CYRN, EJH, PIK, SBET