AC Investor Blog

Charts on my watchlist for next week

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The technical daily chart set-up for Goosehead Insurance Inc (NASDAQ:GSHD) appears to be near perfect to deliver gains next week. The stock closed up 14.5% Friday accompanied by strong volume, momentum, outperforming the entire sector and broken out to all time highs. Go long on the break of Friday’s high at 124.84

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) took a big long position on Friday. The company has an upcoming catalyst that could rally the stock in the shorter term. PDUFA date November 15 for ZIMHI (naloxone HCI Injection) Opioid overdose. At oversold conditions and with a strong accumulation on the daily chart, I decided to start buying shares on Friday for a possible big bounce from current levels. Risk/reward seems favorable. Short-term target 1-1.10

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Small cap stock traders are always on the look-out for a low float / RS stock that has fallen so far that it is well overdue for a bounce. These types of stocks almost always rebound sharply. With just 833K float, I think Globus Maritime Ltd (NASDAQ:GLBS) has found support around the $7-$7.30 range and looks poised to post a bounce from here. We could see a possible bounce up to $11.5 a share or more if it can get past the resistance at $7.80 November is a good month for shippers historically. Definitely on high alert. Im long.

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Adial Pharmaceuticals Inc (NASDAQ:ADIL) looks like it may have found a bottom already. The technical daily indicators are looking better for the stock with MACD indicator above its sell signal line, %K line on top of %D line and RSI indicator moving up from the 40 level. I like the potential of this COVID name (Rapid antibody tests). At $1.74 a share, and considering this stock was trading well over $4 in September the risk for further decline is outweighed by the potential gain an explosive bounce would provide. I'm long for next week.

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Thermogenesis Holdings Inc (NASDAQ:THMO) is trying to regain the ground that it lost last week. From a technical perspective, the stock has the opportunity to start a new rally as the %K line is back above the %D line and MACD is curling up. COVID name (2-10 minutes Antibody test). If it breaks $2.24 it will absolutely fly into the 2.8 area right away.

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Digital Ally, Inc. (NASDAQ:DGLY) had a bearish momentum on Friday but closed again above the rising 200-day EMA. There are no changes in my technical outlook. The 200 and 100-day EMAs are rising and the stock is trading above them. Until proven otherwise, my bias is to the upside. I still prefer a bullish scenario but need at least a movement above 2.69 to end the current bearish correction. Long setup on watch.

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Peck Company Holdings Inc (NASDAQ:PECK) is on track to test and potentially overcome the $7.5 zone resistance in the days ahead. MACD has turned up and RSI has plenty of room to support higher prices. Buying momentum is still positive and strengthening.

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XpresSpa Group Inc (NASDAQ:XSPA) is a potential bottom-play candidate for next week and might bring some good scalping opportunities to the 2.20 level again. Stochastics are triggering reversal and MACD is showing signs of bottoming. On watch.

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Bio-Path Holdings Inc (NASDAQ:BPTH) lost 50% in just a few days on positive news and low volume. Another potential V-SHAPE bounce coming imho. This bio cancer stock is trading at BARGAIN prices. Take the advantage of the pullback. I have been accumulating shares. I want to double my money again here.

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Phio Pharmaceuticals Corp (NASDAQ:PHIO) On Monday, the company announced 3 Poster Presentations at the 2020 Society for Immunotherapy of Cancer (SITC) Annual Meeting and we saw last week unusual volume and price action on warrants. I believe that someone is making a bullish bet on the upcoming updates and I'm following the smart money. I took a big position and will increase on the break of 2.50

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Canaan Inc (NASDAQ:CAN) had a strong bullish momentum on Friday. The bias is now slightly bullish in the near term. If the stock can stay above the 50-day EMA, then it has potential to rebound to $2.36 resistance initially then $2.75

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Nio Inc (NYSE:NIO) The technical chart suggests that the pullback on Friday is not a change of trend, but it is instead just a temporary retreat to workout the overbought conditions. As long as the stock stays/consolidates above $29.4 on a closing basis, the bias remains to the upside.

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: ADIL, ADMP, CAN, DGLY, GLBS, GSHD, NIO, PECK, PHIO, XSPA

11:45 | Permalink |

Stock Chart Patterns to Watch Next Week

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I've been following Kensington Capital Acquisition Corp (NYSE:KCAC) for a couple of days now and it looks like it may be turning here. The upper line of the falling wedge on the 30m chart looms above as resistance and I think it could easily catch some momentum and clear it. If the stock can break through resistance at 18 and close above it, we should see a strong upside move. Technical indicators are beginning to turn bullish. MACD is about to cross above its signal line, but both are still negative. RSI has moved above its 40% level and +DI is also about to cross over -DI signals trend reversal to bullish trend. The combined positive divergences means a likely up move above the 18 level. KCAC will move quickly, so keep it on your screen on Monday.

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Tesla, Inc. (NASDAQ:TSLA) recovered back above the $360 level last week, as bears failed to break under critical medium-term technical support. Technical indicators on the daily time frame are not giving a clear hint. MACD is in the positive zone, but has slipped below its falling signal line and RSI is at its 50% level neutral. Last week’s volumes were also a little muted, because of a holiday-shortened week. I think next week the stock is likely to make another attempt to cross the resistance zone between 398 and 400 but bears may not give up ground easily. From a medium-term perspective, as long as the lower trend line of the rising channel holds, the uptrend remains intact. I entered long again on Friday around 365

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Allied Healthcare Products Inc (NASDAQ:AHPI) appears to be poised for a nice bounce off this bottom.The stock has a long history of big bounces when the RSI touches extreme oversold levels. With COVID gaining rapid traction in the news again, this is a solid bounce play that should be kept on the radar. This company manufactures a variety of respiratory care devices and emergency medical products for use in hospitals and home health care. Daily technical indicators are beginning to turn bullish. This stock can shoot up to $10 in a blink of an eye.

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Superconductor Technologies, Inc. (NASDAQ:SCON) Need to see further upside confirmation on Monday before adding to the current position. The stock completely changed my point of view closing the week well positioned to start a bounce. Chart is displaying a buy divergence on the upside. If this pattern is resolved on the upside, the stock can potentially test $3.8 levels again. I really think this will go up to $4.5 - $5 a share if they release a catalyst news regarding the merge with Clearday because the float is very low. On watch.

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OpGen Inc (NASDAQ:OPGN) will be very interesting to see how this chart resolves. The stock has been basing in a very tight consolidation pattern and has been doing it on low volume, a buy now may be a bit early as a lot of resistance but a breakout would potentially move to the 3.5 level. Squeeze over 2.30. Watch the break of the pattern and play accordingly.

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Adial Pharmaceuticals to Present at the H.C. Wainwright 22nd Annual Global Investment Conference on September 16th. I love this Covid play at current levels (Rapid Result COVID-19 Antibody Test Kits). The 4h chart indicates that stock seems to be stabilizing and has formed a large falling wedge pattern, which is bullish. The volume has been quite modest for this name, and looking at the oversold readings of the RSI could power a rally that I think is coming. The stock will now be facing some resistance around $1.40. A close above this area will be very bullish and send the stock to next resistance area at $2

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Sorrento Therapeutics Inc (NASDAQ:SRNE) is still holding up well here and the stock has a chance to move higher. Looking at the positive divergence on MACD and RSI stock may break resistance line soon at 6.7. Definitely on watch.

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With the continued growth of Covid cases in India, this bottom play deserves your attention. Akers Biosciences Inc (NASDAQ:AKER) is a pure Covid19 vaccine research player for India. There are some signs that the stock is gaining some momentum in recent days. It is well oversold and a bull move is probable for the coming sessions. Plus, the technical chart shows some positive divergences. Keep an eye on AKER and be prepared for an upcoming move.

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Commercial Vehicle Group, Inc. (NASDAQ:CVGI) finally broke the bull flag pattern with a bullish candle. The stock traded decent volume as it hit a high of $5.21. This high is the next resistance for Monday’s continuation move.

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Workhorse Group Inc (NASDAQ:WKHS) remains one of the hottest stocks on the market and could be ready to break out of this sideways pattern. Price should become explosive if this daily chart pattern is broken to the upside with volume. Breakout watch over 24.49

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: ADIL, AHPI, AKER, CVGI, KCAC, OPGN, SCON, SRNE, TSLA, WKHS

15:32 | Permalink |

Stocks to watch out for next week

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Blackberry (NYSE:BB) broke out Friday on decent volume and closed above the declining EMA200 for the first time in weeks. Friday’s high reflects resistance for this next upside move. If the stock can break through resistance, we should see another upside move as traders buy up the stock. Technical indicators are also giving the bullish signs. Next major resistance lies at 5.84. Keep it on your watch list going forward.

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Nice retracement to the breakout zone after a huge gap up earlier this month. SilverSun Technologies Inc common stock (NASDAQ:SSNT) is a possible trend reversal trade, if it breaks the 3.58 resistance area. Looking at the 4h chart the near-term outlook is positive. ADX is starting to point up and the RSI is also moving higher, which is a sign of growing strength in the stock. MACD is also giving a positive indication. SSNT will move quickly, so keep it on your screen next week. Im long.

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TMBR has reached extreme oversold readings that in combination with other factors (RSI shows positive divergences, Gap to fill, Deutsche Bank Ag and Morgan Stanley have purchased some shares this month Form 13F, etc...), including the investor conference could trigger a sharp bounce. I took a position on Friday.

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NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) is screaming for a bounce opportunity and I think we can see some nice moves ahead. Technically the MACD Hist is showing a bullish divergence and the RSI is beginning to curl back up, these are the perfect conditions for a short-term rally.

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TOP Ships (NASDAQ:TOPS) Watch the break of this flag for a new leg up targeting the $2 area. Stock has been under accumulation.

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Adial Pharmaceuticals Inc (NASDAQ:ADIL) remains oversold and is gaining momentum. I believe it is ready to post a nice bounce and I do not see any strong resistance on the technical chart until 1.92. Daily technical indicators are showing signs of turning around, with the MACD histogram showing the selling momentum started to diminish and the RSI starting to turn up from deep oversold levels. We have all seen how quickly this stock can head higher, when the buyers come. Play the bounce.

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VivoPower International (NASDAQ:VVPR) had a remarkable move up on Friday with very high volume. The heavy buying makes this an interesting situation and one worth watching on Monday. I believe we will see some nice follow through and a move to $10 appears likely. Definitely on watch.

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ExOne Co (NASDAQ:XONE) had a very bullish move on Friday breaking several resistance lines with large volume. Buyable on a pullback to the pivot.

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Marathon Patent Group Inc (NASDAQ:MARA) had a very bullish move yesterday on solid volume. Any break and close above 2.75 would validate this potential trend reversal.

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: ADIL, BB, MARA, NBY, SSNT, TMBR, TOPS, VVPR, XONE

20:15 | Permalink |

Here are some trade ideas for the coming week

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Biocept Inc (NASDAQ:BIOC) seems to be in a good short-term bullish momentum. Key resistance is now located at 60c. A break above this level will confirm the bullish trend, and the following uptrend will take the price up to 80c zone. The accumulation/distribution line is heading upward and rising showing there is growing buying interest in this small bio cap. In addition, the Relative Strength Index is also moving higher, which is a sign of growing strength in the stock. Also the MACD is giving a positive indication. Possible breakout play next week.

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Applied DNA Sciences Inc (NASDAQ:APDN) Last week the stock finally filled the gap from the start of May. On Friday, the stock rose 17 cents to 7.21, closing once again above the rising 4h EMA200 indicating potential further upside recovery testing 7.92 (4h EMA100). A Break above that area could trigger further bullish momentum testing 8.59 and 9.2 region. Short-term technical indicators are improving and MACD is about to trigger a buy signal while RSI is turning up from extreme oversold conditions. Let's see if next week the stock will breakout this descending channel and continue uptrend to 9

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Plus Therapeutics Inc (NASDAQ:PSTV) has been wide-ranging over the past week after a strong pullback. Former runner could get going again over 2. There are signs of a reversal as the MACD histogram is starting to reverse and the RSI has bottomed.

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Evofem Biosciences Inc (NASDAQ:EVFM) is very oversold which usually implies a bull run is coming. The stock was over 6.8 last month and closed Friday at 2.90. We could see a sharp rally out of these oversold conditions. I took a long position.

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Cocrystal Pharma Inc (NASDAQ:COCP) The major resistance has been broken in this chart. The price can move up to 1.65-1.8 in the short-term. The technical daily charts are showing positive signs of further strength. Now that the stock is above this horizontal resistance line more buyers should be coming.

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Adial Pharmaceuticals Inc (NASDAQ:ADIL) former runner, basing nicely here. Could pop again. Resistance stays at 1.58. Once the stock breaks through resistance, we should see strong volume as the stock will breakout and move higher. Keep watching the stock.

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Genius Brands International Inc (NASDAQ:GNUS) A sharp recovery rally was seen on Friday after it broke the falling wedge pattern at $4 levels. For the coming week, as long as prices hold, the support of 4 levels could see upside rallies towards 4.55 followed by 4.8 or even higher to 5.5 levels. From the technical 30m chart, both MACD and RSI show bullish signs. SL should be placed at 3.79

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Bilibili Inc (NASDAQ:BILI) seems to be forming an ascending triangle pattern on its daily chart. This technical pattern has been developing since mid-May. By measuring the height of the triangle, at its thickest point, this pattern presents a 44 possible price target. Only a close on volume above the resistance at 36.47 can validate this pattern. Long setup on watch.

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Just one more push to change the trend. Perspecta (NYSE:PRSP) was one of the winners on Friday, as the stock closed up $4.12 or 19.56% on the day with high volumes. From a technical standpoint, the stock is in a short-term Bull Market with share price above all key EMAs. Breakout at 25.69 Watch for the next leg up

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Mersana Therapeutics Inc (NASDAQ:MRSN) flagging in the 20 area. Watch for a move above 21 on volume to break the stock out.

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NanoViricides Inc (NYSEAMERICAN:NNVC) is close to a breakout above 7.44. The stock price action has remained under its daily 50-day exp moving average for some time, however a positive divergence on MACD histogram indicates demand at lower levels which could support a pullback rally. A break above 7.44 would be very bullish.

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Pyxis Tankers Inc (NASDAQ:PXS) I will watch this descending channel for an upside break. The price can move up to 1.15-1.25 in the short-term.

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: ADIL, APDN, BILI, BIOC, COCP, EVFM, GNUS, MRSN, NNVC, PRSP, PSTV, PXS

19:33 | Permalink |

AC Investor Blog

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

Sunday, November 01, 2020

Charts on my watchlist for next week

Saturday, September 12, 2020

Stock Chart Patterns to Watch Next Week

Saturday, August 29, 2020

Stocks to watch out for next week

Saturday, June 13, 2020

Here are some trade ideas for the coming week

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