AC Investor Blog

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

Labels: AAPL, APRN, DGII, HOUR, IEX, MULN, NUWE, SRC, WKEY, YTRA

18:55 | Permalink |

6 Technical Setups to keep an Eye On

The irrationality is back to the market. This is the best time for investors to act and manage the risk to protect value and maximize returns on great investment opportunities that are now showing up. Do not fear the market. Be always confident in your trade decisions.

To make this a way of life, you must continue to do so in good and in bad markets. Make sure you can afford to lose the money invested, something unexpected might happen.

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On Friday, Blackberry stock closed back above the prior late-April low of 5.57 accompanied with heavy volume, which is a crucial level for bulls to defend next week. From here, it looks like it may be headed for a test of the 50EMA. The momentum indicators also are showing signs of strength. BB is likely to gain momentum and is expected to move up further.

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On Wednesday, shares of Apple sold off on heavy volume but closed yesterday slightly above its major support zone. As a big-stock leader, this stockL should be watched carefully here next week since a continuation of last week's heavy selling that pushes the stock below this key support area would be bearish. Momentum indicators are showing some short-term pause but I don't see a sharp rally coming yet.

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Shares of Amazon also bounced off logical support along the top of its prior Oct 2018 consolidation, which also coincided with its prior Jul 2019 consolidation. If this major support zone is broken, then we may see things get exciting again. For now, we are in a wait-and-see position. The volatile and unpredictable stock market action makes this difficult to figure out right here, right now, so we will see how this develops in the coming days/wks. Only a close above 2500 would bring fresh buying interest in the stock again.

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This is a sector that could greatly benefit from the food shortage. Shares of AGRI pushed right through resistance around the $1.55 price level and the 9EMA yesterday, which would have been a quick stop-out for anyone :) trying to short the stock at resistance. Very nice pattern broken on the daily chart. We might see a continuation move towards 2.05

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Shares of H&R Block (NYSE:HRB) posted an all-time closing high yesterday and remains extended. Buyable on a pullback to pivot.

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I am a holder of CLXT, another food play that could play a big role in the Ag sector. The stock has seen a strong volume uptick and it is trying to break the downtrend channel range. A break of this pattern resistance could mean the stock is breaking out and potentially ready to see a long-term trend change as it shakes off the recent pessimism behind the stock.

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: AAPL, AGRI, AMZN, BB, CLXT, HRB

14:52 | Permalink |

A Few setups for the coming week - Don't worry, the world will not end tomorrow.

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Tesla, Inc. (NASDAQ:TSLA) bounced off of its round number support line at 800 on Friday, buoyed by bargain hunting. The bulls must regain the rising EMA200 to stem the bearish tide and regain some bullish momentum. Short and medium-term momentum remains very oversold so there is the potential for a short term swing play higher. Immediate resistance lies at 886

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Apple (NASDAQ:AAPL) bounced strongly on Friday following a great earnings report on Thursday evening, climbing as much as 7 per cent in an impressive $10 rally from its early lows. I wouldn't be surprised if it makes new highs next month.

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Cenntro Electric Group Ltd (NASDAQ:CENN) has been falling dramatically for the last couple of weeks, without much of a rally in between. As a stock falls in price the likelihood of a big bounce increases, the further the fall the more likely a bounce. I think that is what will happen to CENN in the short term. From a technical perspective, the daily chart is displaying a positive divergence between MACD and price. This combined with RSI at extreme oversold levels, is an indication that stock may turn up and initiate a bounce to touch initially the declining EMA9 at 2.20. Watch it closely. This is a spec play so position size matters.

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Skillz Inc (NYSE:SKLZ) fell nearly 50% over the past 4 weeks. I think it's worth watching for a bounce at current levels. Sure it could drop more, but it could also rally hard to $6 or better. At $4.3 a share and considering SKLZ's stock was trading well over $10 last month, the risk for further decline is outweighed by the potential gain an explosive bounce would provide. Plus, the stock is extremely oversold, which means an upside correction could begin at any time.

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WiMi Hologram Cloud Inc - ADR (WIMI) is in the midst of an amazing fall from its declining EMA200 located at 4.38, you would have to think it will get a decent dead cat bounce at some point. Just six days ago someone was willing to pay $3.35 for this stock, that same person may be willing to pay $2.63 for it now, which would represent a decent recovery from Friday's close. WIMI seems to be one of the METAVERSE plays to watch in 2022. Last week WiMi HoloAR Lens was approved by the Federal Communications Commission to Enter the U.S. Market. Watch it closely. I have been accumulating.

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I am not putting Context Therapeutics Inc (NASDAQ:CNTX) on the same pedestal as SKLZ, but I am saying that I have a good nose for both stocks. I can sense the capitulation at current levels and think that a sharp rally could follow over the next few sessions.

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Affirm Holdings Inc (NASDAQ:AFRM) broke the upper line of the descending channel on Friday. If the stock regains the $61.75 level, could swiftly move to $75

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General Dynamics (NYSE:GD) Setting up nicely for new highs. Breakout watch over 213.62

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: AAPL, AFRM, CENN, CNTX, GD, SKLZ, TSLA, WIMI

17:22 | Permalink |

A few names on my watchlist for the coming week

Dearest readers,

Last week was a tough week for small cap lovers, with several stocks falling hard on very low volume. August is particularly a difficult month for traders, but this month has been really bad due to the lack of volume and the Russell weakness. I expect some rebound in the coming days in several small cap stocks due to its extreme oversold conditions, so be selective and play safe.

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Thursday's earnings report news has lit a fire under CASI Pharmaceuticals (NASDAQ: CASI) and I don't think it will be put out anytime soon. This looks like the start of a prolonged rally, one that could see this stock trading +400% higher than current levels according to Oppenheimer analyst Leland Gershell that yesterday raised the price target on CASI to $6.00 (from $5.00) while maintaining Outperform rating. From a technical perspective, the stock broke the long-term downtrend line yesterday with some volume if it can stay above this downtrend resistance level, next possible upside resistance may be around the 1.80 level. CASI remains, in my view, undervalued, and based upon recent actions by the company, I think the stock price should head higher. The way to make money in these markets is to find the undervalued stock before the market does. Let's keep an eye on her.

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Medavail Holdings Inc (NASDAQ:MDVL) on watch for a turnaround next week. It can be tough to pull the trigger on a stock that has fallen rapidly, but these same stocks can post big moves after they have fallen and GRNV showed this to be true yesterday. I expect that the odds are good at this point that we will see a big bounce back from an extreme oversold condition.

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Indaptus Therapeutics Inc (NASDAQ:INDP) The company's 13D filing on Friday after hours showed that Michael J. Newman had reported a stake of 25.7% in the company. The filing came out later in the session, so I think the stock should see a nice bump when it opens for trade on Monday. With such a low float and an oversold chart, this could create an explosive situation. If INDP is not on your watchlist now is the time to add it.

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Chemomab Therapeutics Ltd (NASDAQ:CMMB) was another example of some irrationality yesterday after a strong share price drop on very low volume. The company reported on Friday that it has cash and equivalents of $67 million and expects to fund current operating plan through mid 2023, so no dilution needed. This $15 stock, in my view, is one of the most undervalued small bio cap stocks out there, and I believe down the road it could be trading better than $20 a share. I really like this stock and think the $40 per share valuation will come at some point. As I said before, the way to make money in these markets is to find the undervalued stock before the market does.

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Apple (NASDAQ:AAPL) seems to be forming an ascending triangle pattern, a bullish continuation setup that typically breaks upward. Breakout watch over 149.78

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In the near term, Tesla, Inc (NASDAQ:TSLA) could remain range bound, but the further upside is expected only on a conclusive close above the $727 levels on higher volumes.

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: AAPL, CASI, CMMB, INDP, MDVL, TSLA

18:05 | Permalink |

Several trade ideas for the coming week

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Remember some of you might be long Chimerix Inc (NASDAQ:CMRX) from my comments back on October 26th in my last weekend newsletter. At the time I stated that stock had formed a Doji candlestick on daily, which could mean bears power is slowing down and a signal a reversal. If you bought, congrats you are doing well, currently it's trying to take out the next major resistance level at 1.62

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BIOLINERX LTD/S ADR (NASDAQ:BLRX) volume was sharp yesterday and we could be looking at the beginning of the next rally. Company will present next week two posters at the Society for Immunotherapy of Cancer (SITC). Let's see what next week brings. Im long and will add more on the break of its declining 100-day EMA at 2.92

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Xunlei Ltd (NASDAQ:XNET) this is a stock that is still flying under the radar of so many traders. Looking at the hourly chart, the uptrend remains intact and with continued buying pressure I am looking for this stock to hit and pass its recent high at 6.83 If you are long, play it with a tight stop. The rising hourly EMA20 has been a good support zone.

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Arcadia Biosciences Inc (NASDAQ:RKDA) I suggest you keep this stock on your radar. The accumulation/distribution line remains elevated in the midst of the price decline, showing that buyers are still active. At some point I think it will post an impressive rally IMHO. Note:Earnings after market close on November 6. On watch.

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Navidea Biopharmaceuticals Inc (NYSEAMERICAN:NAVB) could be at the beginning stages of a bounce. One that could ultimately take this stock back over $1.10 and beyond. I took a long position on Friday for a swing trade.

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Skyline Champion Corp (NYSE:SKY) had a strong bounce off the rising 100-day EMA on Friday accompanied by a nice pickup in volume. From a technical standpoint, daily technical indicators are back in bullish zones. The MACD is rising and in the positive territory. RSI is above its 50% level and the stock is back above all five EMAs. Watch this bullish consolidation for the next directional clue. Long setup on watch.

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Amneal Pharmaceuticals Inc (NYSE:AMRX) Strong move yesterday on solid volume. Traders should watch for a potential breakout over 3.48 The daily MACD is positive and above its rising signal line. A breakout above this key resistance could take the stock much higher as the daily technical chart shows little resistance. Long setup on watch.

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T2 Biosystems Inc (NASDAQ:TTOO) continued to show strength with another gain. Friday's rally put shares above the upper line of the triangle (resistance zone), which is a bullish sign. The technical daily chart looks bullish with a short-term target of $3.21 SL 2.19 rising EMA100

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Apollo Global Management Inc Class A (NYSE:APO) broke out in impressive fashion yesterday. I think we will see some nice follow through on Monday.

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Apple (NASDAQ:AAPL) hit a new high yesterday and continues to draw interest. I would keep a close eye on this stock going forward. Any pullback to the 9-day EMA offers a low risk entry opportunity for these types of trending stocks.

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Valeritas Holdings Inc (NASDAQ:VLRX) is starting to work its way through some heavy resistance. I would not be surprised if this stock finally gives investors what they have been waiting for. Company had great news recently. I still accumulating shares at current levels.

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Eltek Ltd. (NASDAQ:ELTK) another low float play basing nicely. On my fireworks list.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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: AAPL, AMRX, APO, BLRX, CMRX, ELTK, NAVB, RKDA, SKY, TTOO, VLRX, XNET

14:29 | Permalink |

11 stock charts to watch next week

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Lululemon Athletica (NASDAQ:LULU) jumped $2.97 or 1.56%, on Friday, breaking key resistance at 192 and closing at 193.12. The stock has renewed momentum, which could move it to the 200 area in the next few trading days.

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Roku (NASDAQ:ROKU) remains on watch for a quick reversal. It has been holding this range for the last two weeks and I feel the next move will be higher. However, we need a close above $110 on volume to confirm the reversal.

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On Wednesday and Thursday I told to my followers to be ready for a reversal for Intec Pharma Ltd (NASDAQ:NTEC). Yesterday, the stock rose more than 21% closing at 85c on heavy volume. We could be looking at just the start of a another big rally for this stock. Congratulations to my followers and everyone making a profit here. I like NTEC for further gains, this is just the beginning IMHO My SL is located at 65c

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I used Friday’s pullback on Tocagen Inc (NASDAQ:TOCA) to initiate a strong long position. My rationale is that while it may take some time to recover all the recent loses, in a fastmoving market one is pretty much obligated to anticipate big turns, specially in extreme oversold stocks, like this one. TTNP and ZSAN was a good example on Friday. I opened a long at 67c and im looking for a run to $1

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Zosano Pharma Corp (NASDAQ:ZSAN) is a stock I wrote about recently as one to watch for a potential reversal as well as one that has been on my bottom scan. On Friday that reversal came to fruition to the tune of an 26.25% gain for the stock amidst impressive buying pressure.I expect ZSAN to continue to gain investor interest going forward. Keep it on your watch list next week.

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Electrameccanica Vehicles Corp (NASDAQ:SOLO) Nice bullish candle on Friday. Previous resistance is now turn into holding support. The stock has had a rough time over the past weeks but the selling pressure seems to have dried up. In my view, the stock has formed a bottom and I expect a move past 1.82 to take the stock towards the target of 2.1 with stop-loss at 1.60. From a technical standpoint, there are some signs of an imminent bounce due to the positive divergences, which often leads to short covering. A big bounce could be brewing.

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I also opened a long in Arca Biopharma Inc (NASDAQ:ABIO) at $5.2 on the assumption a lot of bad news is already in the price and that major support has the potential to act as a strong bullish catalyst again. Buying ABIO around 5.2-5.5 has been worked perfectly for me over the last months. Watch for a break out back above the 5.6 level which is Friday's high.

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Aileron Therapeutics Inc (NASDAQ:ALRN) Also this daily chart is right near its bottom and I think we could see a strong reversal over the coming days or weeks. Watch it closely.

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TOP Ships (NASDAQ:TOPS) Nice runner from the buy list yesterday. After one week of consolidation in the 2.7-2.95 area stock finally broke out and took out its critical level of $3. The break of this key resistance line confirms a short-term trend reversal and the beginning of new momentum, which could move the stock above the $3.35 area.

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Mersana Therapeutics Inc (NASDAQ:MRSN) seems to be undervalued at current levels with a good balance sheet after reading the Cantor presentation on Friday. The stock was trading at $6 in May hit $1.48 on Friday, closing at $1.51. I think it could see a sharp reversal in the next few sessions. Remember, these bottom play type small bio stocks could continue to fall, but they could also post sizable relief rallies. The farther the fall the greater the chance for ahuge reversal, especifically stocks trading significantly below cash levels, its been quite a fall for MRSN on no news. Im long and strong here.

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I have Apple (NASDAQ:AAPL) on my watchlist. It may be ready to break out of this consolidation. Go long on a close above 228.22

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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: AAPL, ABIO, ALRN, LULU, MRSN, NTEC, ROKU, SOLO, TOCA, TOPS, ZSAN

18:17 | Permalink |

AC Investor Blog

Seeking to provide independent day trading strategies based on Technical Analysis.

Saturday, November 19, 2022

Stock Picks for the upcoming week

Saturday, May 14, 2022

6 Technical Setups to keep an Eye On

Sunday, January 30, 2022

A Few setups for the coming week - Don't worry, the world will not end tomorrow.

Saturday, August 14, 2021

A few names on my watchlist for the coming week

Saturday, November 02, 2019

Several trade ideas for the coming week

Saturday, October 05, 2019

11 stock charts to watch next week

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