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Sunday, December 11, 2022 

Swing Trade Ideas for the coming week

Apologies for the lack of blog updates in the past couple of weeks. I will try to be more consistent in posting but make no promises. Managing family time on weekends with markets, it's not easy.

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I still own some bitcoins. The chart pattern is compressed and Bitcoin is coiling up for a larger move. Breakout watch over 17400

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In the short-term, Bank of America Corp (NYSE:BAC) is extremely oversold and sentiment is negative. It can be very hazardous to sell into this condition. The stock opened Friday`s session at $32.11 and intra-day was ranging at 32.60-32.08 ending the session with a small loss of 0.18%. I think the stock looks ripe for a rally from extremely oversold conditions.

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PayPal (NASDAQ:PYPL) is this a bullish flag 4 hour chart? Some positive divergences in the chart showing up. Only a close above the 75 level would confirm this view. The underlying primary trend remains down. I like Paypal at current levels (we are at 2018 levels).

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Chemomab Therapeutics Ltd (NASDAQ:CMMB) witnessed a follow-up buying with a surge in volume like in late May/early June. This could be the start of a nice rebound! With small cap stocks history tends to repeat itself. If you follow the market long enough and study the small cap stocks closely you can find many consistencies, the trends, and other helpful signs that can help you turn a profit. Watch the break of 2.50 next week for a potential new explosive move to the upside.

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SINTX Technologies Inc (NASDAQ:SINT) Over the past 4 weeks we've rallied up to 0.145 and now back down to 10c forming the right shoulder of the Inverted Head and Shoulders pattern. It has the potential to break out, as this is one of the most reliable trend reversal patterns. The stock price declined by approximately 80% over the last 3 months. Despite the significant losses, the stock seems to be developing a reversal pattern that could see its price improve. A decisive close above the $0.14 resistance level could push this penny towards 35c. When it comes to penny stocks, nothing is impossible, look what happened with AMAM on Friday with a 1000% gain.

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Digital Brands Group Inc (NASDAQ:DBGI) closed back above the downtrend line from mid-Nov highs on the hourly chart to confirm the bullish momentum divergence. The stock needs to break Friday's high of $4.4 to expect a strong rally at this point. Low float former runner.

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Mullen Automotive Inc (NASDAQ:MULN) is still in bottoming mode it looks like. The daily technical indicators are looking better now for the stock. A reversal may be on the way. Only a close below 18c will invalidate the current potential bottom scenario.

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Treasure Global Inc (NASDAQ:TGL) Basing. Breakout watch over 2.21

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I like Lucid Motors (NASDAQ:LCID) for a bounce play over 8.84 if the market gets a relief bounce.

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Smartsheet Inc (NYSE:SMAR) flagging. Breakout watch over 38.51

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Zeta Global Holdings Corp (NYSE:ZETA) is setting up to break out and has one more level to go, which is $9.23

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

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Saturday, November 19, 2022 

Stock Picks for the upcoming week

 

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Indian Energy Exchange Ltd (NSE:IEX) looking bullish flagging on the daily chart. Next buy point when it clears 234.62 on volume with an SL around its rising EMA13

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Spirit Realty Capital Inc (NYSE:SRC) gave a pocket pivot buy point on Friday. Watch for a good follow through day next week.

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Yatra com (NASDAQ:YTRA) Big Breakout on heavy volume. Buyable on a pullback to the pivot. The technical daily chart shows a continuation of the trend with MACD and RSI in the Bullish areas. There is a good chance the stock will continue to move up next week. Next pivot point lies at $3

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Mullen Automotive Inc (NASDAQ:MULN) In a shorter time frame price is still trading sideways. Major resistance around 33c. I think it’s likely that bulls will attempt a test of that level again in the coming sessions.

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Wisekey International Holding AG (NASDAQ:WKEY) After Friday's news I think this stock is heading back over $2. I like this stock for the next few weeks. Keep it on your watchlist.

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Blue Apron Holdings Inc (NYSE:APRN) Some signs of selling exhaustion have emerged. We have all seen how quickly the stock can head higher, when the buyers come. I believe the stock is ready to post a sizable bounce from current levels. Gap fill candidate next week.

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Digi International (NASDAQ:DGII) needs to break above 42.05 next week to make a new higher high and extend the current upward trend. On watch.

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Nuwellis Inc (NASDAQ:NUWE) This penny stock is still in play for me for a swing trade. The recent offering was closed at 25c. I wouldn't be surprised to see the stock test 20c at some point over the next few weeks. The chart shows a possible reversal in trend. A breakout beyond $.132 will take the price to $.20 (it's important to remember that penny stocks are very risky, so play accordingly).

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Hour Loop Inc (NASDAQ:HOUR) Flagging with possible acceleration above $3.05 resistance

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Apple (NASDAQ:AAPL) has become increasingly bullish and is setting up for a potential swing trade. Breakout watch over 153.59

BLACK FRIDAY SALE IS BACK !! Get 30% off Trade Ideas when you use code FRIDAY30 for a new subscription or Upgrade to Premium by Clicking HERE. Trade Ideas is my favorite intraday scanning tool. Have a great weekend everyone !!



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

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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