AC Investor Blog

A few names on my watchlist for the coming week

Dearest all,

I hope everyone is enjoying a great weekend with family and friends. I'm sure you are eagerly awaiting the market’s open tomorrow and getting ready to start the week with a profitable trading session. I will take this opportunity once again to inform you that my Twitter profile continues to be cloned by imposters that duplicated exactly all my tweets, images and purchasing followers to be popular in the eyes of newbie investors. These scam artists are trying to use my name and send people messages to sell crypto products.

Please be aware that I don't send private Twitter messages promoting services nor ask you for money. I would also like to make clear that I have never been paid to promote a stock/company, and I never will. All of my stock picks, technical analysis, and posts are crafted utilizing my own knowledge and experience. I trade all types of stocks, big mid and small caps, but never the OTC market. I thank you for coming here and reading what I have to say about stocks on a technical level for informational purposes only.

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Westwater Resources Inc (NYSEAMERICAN:WWR) had another very productive week as we saw gains of over 10% on decent volume and I believe it has more room to run. The daily MACD-Histogram has been sloping up and the MACD fast line and RSI are both rising, indicating bullishness. I definitely like the way it's trading and at some point I think it will leap over $2.5

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Tilray Inc (NASDAQ:TLRY) has been in a nice uptrend for the last 2 wks and is now very near to break another key resistance level. Keep an eye on TLRY for a possible breakout over $9

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Jupiter Wellness Inc (NASDAQ:JUPW) had a strong bullish candle in the last trading session on heavy volume and closed back abv the declining EMA100 for the first time in months. The next key resistance lies at 1.64. If a breakout happens we can see a target of 2.25 (gap zone). So far, all daily technical indicators are in favor of an upward price movement. The MACD has generated a new buy signal on Friday and is currently above the 0 line. All short-term EMA’s are below the current price. Long setup on watch. Weed play

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Globalstar (NYSEAMERICAN:GSAT) Flagging nicely here after a strong rally. Keep it on watch, next buy point when it clears 1.5 on heavy volume.

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Northern Oil & Gas, Inc. (NYSE:NOG) Broke out to new highs Friday on solid volume. I will be looking for a follow-through day for a potential swing entry trade.

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Ageagle Aerial Systems Inc (NYSEAMERICAN:UAVS) buyers failed to uphold momentum on Friday and the stock pulled back to the key support zone previous major resistance line. If support holds we might expect another test of the 1.54 level. A break above the horizontal line (yellow) could signal further upside.

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Meiwu Technology Co Ltd (NASDAQ:WNW) Potential bounce play opportunity. Agriculture stocks have been very hot lately and this Ag China name could follow. Technical indicators have turned bullish signaling sideways to higher prices possible in the near term. Next resistance lies at 1.55

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Dorian LPG Ltd (NYSE:LPG) continues to perform nicely and appears poised to breakout to new highs. Keep it on watch.

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Arca Biopharma Inc (NASDAQ:ABIO) COVID data next week (according to the company). Worth watching. Could squeeze over 2.55 targeting initially the 3.7 area.

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Core Laboratories N.V. (NYSE:CLB) had a nice bullish momentum on Friday, gaining more than 5.9% and ending the day near the highest price of the day. The bias is bullish in the nearest term especially if the price is able to stay consistently above $29 targeting $36

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: ABIO, CLB, GSAT, JUPW, LPG, NOG, TLRY, UAVS, WNW, WWR

18:35 | Permalink |

Extreme oversold stocks for Thanksgiving week

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Last week was a depressed week for small cap investors with a lot of stock reaching extreme oversold conditions not seen since the subprime crisis. The volume was also very low, which leads me to think that it was a possible tax selling reason. With the small-cap index pulling back to test the support zone previous resistance area, we might start to see next week the first signs of a rebound.

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Clovis Oncology Inc (NASDAQ:CLVS) has been in a tremendous tailspin the last three weeks. The stock has seen a bevy of selling bring the stock to fresh new lows for the year and near historical lows. However, the last two trading sessions reveal an increase in volume, suggesting some capitulation and I think that a sharp rally could follow over the next few days. At $3.38 a share, and considering this stock was trading well over $4.50 last month, the risk for further decline is outweighed by the potential gain an explosive bounce would provide. Plus, historically the stock reacts violently to the upside every time the RSI reaches extreme oversold levels. In fact, this stock is also a short squeeze play. Keep an eye on it next week, it should mount a violent rally from here IMHO. Last week the company said that it expects cash resources, and revenues and available financing sources to be enough to support its operations for at least the next 12 months.

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Another extreme oversold small bio cap. Arca Biopharma Inc (NASDAQ:ABIO) touched a new 52 week low last week and closed at $2.36 a share on Friday. I think now is the time to start trying to catch this knife. Alone this company has more cash ($4 per share) than current market capitalization. Cash and cash equivalents were $58.3 million as of September 30, 2021, and they believe that its current cash and cash equivalents will be sufficient to fund its operations through 2022. Furthermore, the stock could get a boost from the current increase of the COVID cases worldwide, especially in Europe. According to CEO Dr. Michael Bristow, with rNAPc2’s combination of anticoagulant, anti-inflammatory and potential antiviral properties, he believes it has the potential to be effective in addressing COVID-19 impacts in hospitalized patients. The international Phase 2b clinical trial is nearing completion and they look forward to sharing its results in the first quarter. I have been accumulating shares again.

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Gaucho Group Holdings Inc (NASDAQ:VINO) Another example of a small cap victim of the current market environment. The company reported a big profit and revenue last week and predicted a strong 2022.

- Revenues for the third quarter were $2.6 million compared to $60,228 in the prior year period, a 4,242% increase.

- Gross profit for the third quarter was $2.4 million, compared to $21,000 in the prior year period, a 11,505% increase.

Quite a turn around and I think the stock could have plenty of more room to move higher. The stock is clearly under accumulation and I could see it breaking out higher (pivot 3.39). There are not many shares left to go around. Follow The Money.

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Moving Image Technologies Inc (NYSEAMERICAN:MITQ) has it on watch for a turnaround next week. The company delivered strong year-over-year revenue growth of 98% last week and predicted a revenue guidance of $12 to $15 million, or 67% to 108% growth over fiscal 2021. Plus, they expect to deliver positive cash flow from operations as well. 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 GTEC showed this to be true on Friday. It remains on my TOP watchlist.

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Sharplink Gaming Ltd (NASDAQ:SBET) I really like this stock, although the price sits at lows, I feel it deserves a much higher valuation. Volume looks healthy, and we are seeing up days on heavy volume and down days on very low volume, which is clearly a good sign that the stock is under institutional accumulation.

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Ocugen Inc (NASDAQ:OCGN) stock posted a nice bullish candle on Friday. This could be the start of a reversal. Considering how far the stock has fallen, a rebound could mean a big move up for this stock. Keep an eye on it.

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Bakkt Holdings Inc (NYSE:BKKT) The chart is looking good now for this stock and we could be looking at the start of a sustained price recovery. Squeeze over 22.4

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Ironnet Inc (NYSE:IRNT) I think this stock will post a sharp rally from current levels. This was a $47.50 stock in Sept and at $10.5, in my opinion, there is a compelling risk/reward scenario.

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: ABIO, BKKT, CLVS, IRNT, IWM, MITQ, OCGN, SBET, VINO

21:01 | Permalink |

Some stocks of my watchlist for next week

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Aptevo Therapeutics Inc (NASDAQ:APVO) We need to be realistic and understand the huge risk of a long position following a massive rally of 266% without significant news that could justify the move. From a technical standpoint, the stock is very overbought which means the risk to go lower is higher than going up. I shorted the stock at $63 yesterday after-hours for the coming week. The stock will fall sooner than later. After all, nothing can go up forever.

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Bio-Path Holdings Inc (NASDAQ:BPTH) is also an interesting small bio cap that I like a lot with a very small float and I would not be surprised with a APVO type-move. The recent euphoria on APVO could fuel shares of the small bio caps with a low float. BPTH is not just a low float accumulation play, it has a lot more going for it. The company is currently in an ongoing Phase 2 clinical trial of prexigebersen in combination with decitabine as a treatment for acute myeloid leukemia (AML), and this new patent protects the unique therapy combination and supports our ongoing investment in this program to bring a new treatment option to patients with AML who have limited treatment options. From a technical standpoint, daily MACD has triggered a buy although in negative territory, but everytime MACD Crossed bullish in history it rallied 30-40%. I still feel a push to $4.5 - $5 is entirely possible. This was a $6 stock less than 3 weeks ago and once it starts to squeeze higher there is really no telling exactly where it will go. One thing we do know, shorts need to buy back stock to profit from their bets, which only adds fuel to the fire. Definitely on watch next week. Note: Company will host a live conference call and audio webcast on Friday, November 13, 2020 at 8:30 a.m. ET to report financial results for the third quarter ended September 30, 2020 and to provide a business overview. Im long.

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Boxlight Corp (NASDAQ:BOXL) displayed some relative strength on Friday. If it breaks this trendline tomorrow, that would be a long trade with a stop at 1.29

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I've covered Arca Biopharma Inc (NASDAQ:ABIO) in the past and it appears the stock is getting attention again. It needs to break through $4.15 to really get going. A break of that figure brings $5.50 into focus. This stock looks like a great bottom type play. The company announced last week some news and a very strong cash position that could mark the turning point after a drop from over $22 a share in May to current levels. I think ABIO will post a nice rally from here and deserves being added to your watchlist.

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Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) has just 1.8M shares float, that's the reason i'm holding for next week. The APVO move will scare some shorts here. The stock is in the process of bottoming and I expect a pop above $2.72 at some point in the coming days. Technical indicators are showing signs of turning around with MACD curling up and RSI in oversold levels. On watch.

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Globus Maritime Ltd (NASDAQ:GLBS) classic accumulation before a run. I believe that the bullish accumulation witnessed during Friday's session is a prelude to what traders could see next week. As I always say, follow the money, and right now there is some nice money flowing into this stock. The daily indicators are also showing signs of reversal. If it can break through the 7.80 resistance level, the stock should have a nice move on the upside.

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Another shipper name showing signs of a bottom. TOP Ships (NASDAQ:TOPS) still needs to take out the EMA20 at $1.08. Although the stock did not perform well this year, we finally start to see some signals of rebound as the daily technical chart shows positive momentum is back. I'd look to the $1.08 level moving as the next buy point. If it passes that, then we have room to run to next resistance at $1.31 then 1.75 (gap zone). Let’s keep an eye on it.

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Pixelworks, Inc. (NASDAQ:PXLW) The strong bounce off the $2 level and the very bullish candle looks pretty promising for longs next week. A break of 2.55 would confirm continuation of the up move with a stop loss located at 2.16

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Digital Ally, Inc. (NASDAQ:DGLY) Still watching this stock, especially after Friday's action. The 3.19 level needs to be broken as resistance for some momentum to pick up.

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: ABIO, APVO, BOXL, BPTH, DGLY, GLBS, PXLW, TOPS, UUU

20:24 | Permalink |

Some of my favorite chart setups for next week

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Boxlight Corp (NASDAQ:BOXL) Coiling up here. Long and will add on break of the 1.85 level. Daily technical indicators are turning bullish. MACD has crossed above its signal line in the negative zone and RSI is in the neutral zone, but showing a bit of upward momentum. The Chaikin Money Flow indicator turned positive, which is a good sign. To technically confirm a bottom reversal pattern, the stock needs to cross convincingly above its intermediate top of 1.86 touched in the week ending on August 28. Keep on watch.

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Esports Entertainment Group Inc (NASDAQ:GMBL) on my swing long list. The stock showed buying strength all week. Volume is starting to pick up again and there could be a decent short covering if it clears next week the $4.50 level. Plus, the MACD is showing a positive divergence and the RSI is back above the 50 reading forcing me to think the possibility of a trend reversal. Watch the stock closely next week.

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Bigcommerce Holdings, Inc. (NASDAQ:BIGC) is forming an inverted head-and-shoulders pattern in the four-hour timeframe in a possible signal for a positive trend reversal, whose neckline is placed at 90 and an upside breakout of this neckline will take the stock to 110 in the near future. Further, the close of BIGC above the short-term EMAs is adding to this bullish scenario. Long setup on watch.

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I feel Arca Biopharma Inc (NASDAQ:ABIO) stock is well overdue for a counter trend rally, and I think it could see $6 or better if investor interest comes back into this stock. It was trading over $8.5 a share less than three months ago. From a technical standpoint, MACD has generated a bullish alert and the RSI is in the oversold region, showing some signs of reversal. Let's see if it breaks over $4.65 in the coming sessions (Downtrend line). NOTE: Insiders have been buying lately.

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Sorrento Therapeutics Inc (NASDAQ:SRNE) is forming higher highs and higher lows creating a new ascending channel on the 1-hour chart, that is the sign of a bullish trend. As long as it holds the lower band of the ascending channel, the short-term bullish scenario is intact.

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Myovant Sciences Ltd (NYSE:MYOV) is showing signs of a short-term bottom and possible bullish reversal. Hourly RSI is improving and buy volume is increasing slowly. Watch the break of the 14.49 level next week to confirm a possible reversal trend. I took a big long position last week. I will play the bounce.

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India Globalization Capital, Inc. (NYSEAMERICAN:IGC) has corrected well recently and has been consolidating at around 1-1.15 levels for quite some time gathering potential to move up. The stock is showing signs of a bounce back to rise up further with positive bias and with the RSI and MACD Hist displaying positive divergences. A break of $1.15 with force might give room to $1.60 next week.

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Oblong Inc (NYSEAMERICAN:OBLG) momentum is coming back to this name. Daily MACD and RSI look promising. This could indicate the potential for some upside gains in the very near-term. If it breaks the 2.50 area, the stock could easily retest its 2.80 resistance area.

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What a year it has been so far. Congrats to all the twitter followers who moved on opportunities the entire year. Westwater Resources Inc (NASDAQ:WWR) was another fantastic call. I brought this stock to your attention last month in the $1.7's and closed yesterday at 4.42 after hitting a 52-week high of 5.62 during the day. Congrats to those that took full advantage of WWR alert. As i always say, buy low, sell high. The shooting star candle on the hourly chart in the final hour could be a sign of imminent pullback. Stock has a strong support around the 3.60's.

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Shares of Precipio Inc (NASDAQ:PRPO) are starting to heat up again and are worth watching. If volume can pick up I believe this stock can break through resistance at $2.73 and re-test/break its recent highs around $3

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: ABIO, BIGC, BOXL, GMBL, MYOV, OBLG, SRNE, WWR

17:47 | Permalink |

Small caps have been on everybody's radar last week, my watchlist for the week ahead

Dearest Readers,

I would like to thank you once again for your cooperation and support during the last few weeks, with a high increase of followers on the blog and a great increase in the number of followers on twitter that has almost reached 75,000 followers. As some of you may have noticed, last month I hit 96,000 followers on Stocktwits which was a huge achievement for me. A BIG THANK YOU to all of you.

I will also take this opportunity to inform you that my Twitter profile has been cloned over the past weeks/months by imposters that duplicated exactly all my tweets, images and purchasing followers to be popular in the eyes of newbie investors. These scam artists are trying to use my name and send people messages to sell products.

Please be aware:

- I just have 1 Official Twitter account @ACInvestorBlog currently with 74k followers and more than 124k tweets following just 294 people.

- 1 email account antonio.mrcosta at gmail com

- 1 blog and 1 verified Stocktwits account with more than 96k followers.

Everything that you find on the internet that does not match these metrics are not mine and please report to Twitter. Together we can win this fight or minimize their strength. Thanks all so much….i continue to receive a lot of emails everyday, sorry for the delay of reply, i'm doing my best but I don't have time to answer everybody's questions about trading or anything else.

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Urban One Inc Class A (NASDAQ:UONE) was a stock I alerted my followers at 3.80, closed yesterday with a gain of 71.28 per cent largely driven by the Trump news in the final hour. I'm still holding the stock for next week. A short term target of $10 is not out of the question considering volume and price action on Friday. From a technical standpoint, the stock printed a strong bullish reversal successfully breaking several resistances lines and closed back above the 200-day EMA for the first time since August, which is a strong bullish signal. Considering the strong volatility of the stock due to its low float, it is necessary to act with a precise timing.

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Professional Diversity Network, Inc. (NASDAQ:IPDN) was another stock that reacted very well to Trump news that deserves your attention going forward. With some buying volume this stock could soar just like UONE. The stock broke a large falling wedge pattern on the 4h time frame on Friday, and after a few attempts. These lotto plays are the riskiest plays, but also can be the most lucrative. As you can see on the chart, next major resistance lies at 1.78 followed by the 2.20 area. IPDN will move quickly, so keep it on your screen on Monday.

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SilverSun Technologies Inc common stock (NASDAQ:SSNT) is a stock that is still flying under the radar of so many traders. I think right now SSNT is forming a solid base for a substantial move while MACD is crossing up. Small caps are getting explosive, and I don't think it will be any different with this one. If the stock holds above $2.40, the price may rise to the 3-3.2 range again in the short-term.

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Sunesis Pharmaceuticals, Inc.(NASDAQ:SNSS) looks poised to breakout these next few weeks as attention appears to be returning to the stock via price gains, volume, and press releases. Orphan Drug designation received yesterday. It rallied 16% and looks to continue its winning ways on Monday.

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Genius Brands International Inc (NASDAQ:GNUS) volume was sharp on Friday and we could be looking at the beginning of another big rally. I think this stock will get more attention as the volume and money flow increase. As I always say, follow the money and the money looks to be flowing into this one. With continued buying pressure I am looking for this stock to hit and pass its exp 100-day moving average. Long setup.

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Arca Biopharma Inc (NASDAQ:ABIO) I suggest you keep this stock on your radar. At some point I think it will post another impressive rally. One positive sign comes from insider transactions as company Chairman of the board bought a total of 18,000 shares last week. Generally, when insiders buy shares, especially in large amounts it is a sign that positive things are coming. If it can keep going up and break the resistance at $4.68 this could further confirm a new uptrend. On watch.

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I continue to watch DPW Holdings Inc (NYSEAMERICAN:DPW) The volume is still large so the stock could potentially break out again at any moment. I think this stock will get more attention as the volume and money flow increase. Go long on the break of Friday’s high.

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Vislink Technologies Inc (NASDAQ:VISL) Another potential bounce play. The technical indicators are showing some signs of an upward reversal. A rally above the 20EMA on volume can push the stock higher to 1.69 and 2 in the short-term.

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Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) it's just a matter of time. I'm buying while it's cheap, and just holding. Shipper season around the corner and positive divergences on daily charts supporting also a big bounce ahead. Hudson Bay Capital Management LP added 585,000 shares last month. Huge gap over 55c.

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Digital Ally, Inc. (NASDAQ:DGLY) This stock broke out last week the large falling wedge pattern on volume and is in buy range. I think the stock should resume the upside during the week ahead.

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I've been following Kodak (NYSE:KODK) for a few days now and surprisingly the stock showed a lot of strength Friday. Any close above the 9.69 with force might give room to $11 (gap zone). Possible reversal pattern forming.

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: ABIO, DGLY, DPW, IPDN, KODK, SHIP, SNSS, SSNT, UONE, VISL

17:28 | Permalink |

AC Investor Blog

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

Sunday, March 27, 2022

A few names on my watchlist for the coming week

Saturday, November 20, 2021

Extreme oversold stocks for Thanksgiving week

Saturday, November 07, 2020

Some stocks of my watchlist for next week

Saturday, October 03, 2020

Some of my favorite chart setups for next week

Saturday, September 26, 2020

Small caps have been on everybody's radar last week, my watchlist for the week ahead

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