AC Investor Blog

Ten stocks worth watching next week

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FuelCell Energy Inc (NASDAQ:FCEL) Good solid stock moving higher on expansion volume. 7.86 is the pivot here. If it breaks, we could see 8.50 quickly. Use the rising EMA20 as stop-loss. Technical indicators are also supporting the bulls. The MACD crossed above the signal line on positive territory, RSI is moving up and above its 50% level. Long setup on watch.

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) Watch Monday's action for a possible breakout over $1.15 PDUFA is coming up soon so I wouldn't wait too long to jump aboard. Plus, ADMP is on the list of the Most Bought by Activist Hedge Funds.

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ReShape Lifesciences Inc (NASDAQ:RSLS) looks about ready to pop here! Setting up a possible resistance breakout trade. Technical indicators are supporting a continuation of the recent move higher. The RSI is moving back higher in the bullish zone and the MACD is crossing up. On my fireworks list.

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Orbital Energy Group Inc (NASDAQ:OEG) deserves some attention as a potential bounce candidate. It is recovering from its bottom with MACD & Slow Sto moving upwards. If the stock holds above $2.87, the price may rise to the 3.52-3.7 range in the short-term. I have been accumulating this stock. Tremendous potential imho.

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Mercurity Fintech Holding Inc (NASDAQ:MFH) continued to show strength with another gain. Friday's rally put shares above the psychological resistance level of $2.50, which is a very bullish sign. This key resistance zone was taken out with a thrust and could lead to more upside.

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Silverback Therapeutics Inc (NASDAQ:SBTX) is another oversold stock showing signs of potential trend change. A breakout above $10.45 would constitute a technical entry point for the short-term trader, looking for a quick trade.

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Waitr Holdings Inc (NASDAQ:WTRH) This rally seems like it is getting some momo again. A close above the 1.50 level would be a strong indicator of a further uptrend in the stock. On watch.

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Shares of Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) are starting to heat up again and are worth watching in the coming future. Phase 3 results of Tonmya (TNX-102 SL) to be presented at ACR November 6, 2021 If volume can pick up, I think this stock can break through resistance at 60c and re-test its recent highs around 80c (gap zone).

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Alcoa (NYSE:AA) had a strong move on Friday, as the stock set new 52-wk highs. The stock hit a high of $56.93, which is resistance for the follow through move. You should watch this stock closely on Monday for continuation.

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Protagonist Therapeutics Inc (NASDAQ:PTGX) the more it consolidates the more powerful it gets! A break of 33 next week should bring the buyers into this stock in a big way.

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: AA, ADMP, FCEL, MFH, OEG, PTGX, RSLS, SBTX, TNXP, WTRH

16:37 | Permalink |

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 |

Technical Setups to watch next week and my Trading rules

Dearest readers,

I continue to receive many emails from people asking me which books or sites I would recommend to learn about trading. To be transparent and direct, i can't find any book that could help you in this environment of uncertainty. In reality, there is no such thing as a perfect trading model, simply because the market is so dynamic and unpredictable in nowadays. However, I can share with you my trading rules.

First the charts to watch next week, then the rules.

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) finally broke the upper line of the ascending triangle pattern last week on strong volume accumulation. This is a good sign for a continuation of the trend. Overall, it looks bullish. A measured upside technical target after the break of the ascending triangle formation points to around 1.13, but when you combine the trend/momentum with the very strong bullish volume action on the daily chart, a test of the highs of 1.51 should be taking in consideration in the coming sessions. From a technical standpoint, all three major technical indicators are in bullish zones. Upward momentum on MACD looks strong and the RSI is also showing strong upward momentum. Let's keep an eye on it.

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Workhorse Group Inc (NASDAQ:WKHS) had a big surge in price and volume in September when stock price doubled in just 3 weeks. The stock has consolidated over the last couple of sessions and yesterday it broke the downtrend line to the upside on volume, so for aggressive traders like me, this can be a buy already. The stock hit a high of $27.11 on Friday, which is resistance for the follow through move. Charts on all time frames are bullish. You should watch this stock closely next week.

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Neovasc Inc (NASDAQ:NVCN) could be in the early stages of a technical breakout. Daily momentum indicators are showing bullish signals supported by rising MACD and RSI on the charts. On October 27 the FDA will hold a circulatory system devices panel meeting to review the premarket approval application for NVCN’s Reducer device. That catalyst should push the stock prices up even higher, which could give Neovasc stock the fuel to keep rallying.

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Electrameccanica Vehicles Corp (NASDAQ: SOLO) Daily technical chart is showing signs of a possible turn around. In terms of technical indicators, the RSI is starting to rise in the oversold zone while the MACD is crossing above its signal line. Plus, the rising 200-day exponential moving average has held the stock higher since the beginning of September and offers strong downside support. The trend is expected to begin the upwards movements. If the stock can break through $2.7 resistance next week, we should see a strong upside move. SOLO will move very quickly, so watch the stock closely.

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Allied Esports Entertainment Inc (NASDAQ:AESE) dropped from over $2.80 a share to $1.2's in a few weeks time. It seems to have found a strong support while money flowing is very positive and rising (smart money). Daily technical indicators are beginning to turn bullish. Let’s see whether the stock can gather enough momentum to break through $1.40 next week. Great bottom play. I took a big position for a bounce.

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Cancer Genetics Inc (NASDAQ:CGIX) I remain firmly behind this stock. I think this stock is worth accumulating in anticipation of a big move at some point. A break through this 4.75 area could accelerate it higher.

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Genius Brands International Inc (NASDAQ:GNUS) is building a nice base for take off. The area comprehended between $1.45 and $1.5 represents a strong resistance for shares. A close above this key resistance area would have positive implications and could drive the stock much higher. The RSI is gaining momentum and MACD is still showing a positive divergence. Keep the stock on your radar.

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TOP Ships (NASDAQ:TOPS) is another penny stock I am watching closely. If it clears resistance at $1.30, the move may be powerful. Let's keep an eye on it as I think momentum will pick up.

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I have Professional Diversity Network, Inc. (NASDAQ:IPDN) on my watchlist again. It may be ready to break out of this bottom setup formation. Potential swing long above 1.16 Low float stocks remains very HOT.

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Potbelly Sandwich Works (NASDAQ:PBPB) broke out in a big way Friday on decent volume. I think we will see a nice follow through next week. A break of $4.3 with force might give room to 4.63 then 5/5.05 area. MACD triggered a new "Buy Signal" for the first time in weeks.

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ReneSola Ltd. (NYSE:SOL) broke out to new highs on high volume. The uptrend remains intact and signals further bullishness on this stock. Daily technical indicators are bullish. Buyable on any pullback to pivot.

Based on my experience over the years, here are some basic trading rules that should be taken always in consideration for trading in order to become a successful trader in the stock market.

1 - The trend is your friend, so never go against the trend.
2 - Keep your losses small. Golden rule: Cut losses short. Let profits run.
3 - Use stops. The stop loss should be placed a few cents below the supports and not at the same level (i don't use SLs for low float or penny stocks).
4 - Learn the basics of fundamentals, charts and technical indicators.
5 - The good trader is one who makes consistent gains, so don’t be a greedy trader, appreciate the small and the big gains.
6 - Do not fear the market. Be always confident in your trade decisions.
7 - Never buy what you do not want, because you think it is cheap.
8 - Always be conscious that the loss may arise and you should be prepared for that to happen. Open mind.
9 - For large positions, you must have total control of the market never losing sight
10 -Volume is a leading indicator, so play the breakouts using the volume as support of your decision.
11 - Chart breaks without volume could be a trap and the probabilities of succeeding are low
12 - Do not be hasty to buy or sell a stock, every day there are new opportunities to make money. Being patient is the key to the success of any trader.
13 - Only believe fundamentals as long as the technical signals follow.
14 - Trading very speculative stocks is a frequent mistake.
15 - Do not trade positions too large relative to your available capital.
16 - Do not invest all your money in one company. Your portfolio must be diversified.
17 - The Greed to pick tops or bottoms is a usual error. Wait for the perfect and confirmed signal.
18 - Do not make trading decisions based on a story you saw in the morning paper. The market many times has already discounted the information.
19 - Review your missteps to improve your skills

NOTE: With patience and discipline, you can take much more from the stock market than you ever gave. Trading stocks is not easy for beginners or professionals, it is really very hard and requires a lot of attention and knowledge. If stock trading was easy, everyone would be doing it. You can be successful at the stock market, with patience, discipline and a good trade set-up. The key objective is to make money and not lose it.

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: ADMP, AESE, CGIX, GNUS, IPDN, NVCN, PBPB, SOL, SOLO, TOPS, WKHS

15:37 | Permalink |

Some stocks worth watching next week, trading rules and a BIG THANK YOU

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NII Holdings Inc (NASDAQ: NIHD) jumped $1.10, or 16.92%, to $7.6 on Friday, breaking out above its upper line of the sideways trend and a mid-term horizontal resistance zone on volume, sending a new buy signal. The measured price target of this breakout is at 9-9.20 range. Daily technical indicators are in bullish zones with all exponential moving averages rising. A continuation of the rally is likely.

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Evofem Biosciences Inc (NASDAQ: EVFM) Do you remember this symbol? We made a lot of money in the summer, when the stock rose from $2.30 to $4.96 in just few trading sessions. Since then the share price has been consolidating that move within a large bull flag pattern, which was broken in the final hour on Friday. Although technical analysis doesn't predict the future of a stock, studying previous price history and patterns can often help to determine what a stock may do in the future. In the case of EVFM this bull flag pattern is probably the most bullish chart pattern you can trade, because it occurs when a stock is in a strong uptrend. Daily technical indicators are also predicting a new strong move higher, with the RSI indicator rising while the MACD is cutting above its signal line. Over $4 it could make another explosive move upwards, so keep your eyes on it and watch it trade. My system gave a new buy alert and i entered long on Friday.

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Hope you all enjoyed a great bounce on Emerge Energy Services LP (NYSE: EMES) last week. I mentioned on blog as a potential bounce play, and BANG !!!! "We could see a 30-50% possible bounce up to $3.25 - $3.5 a share" A huge congratulations to all those who profited from last week idea. The stock rallied for over 50% potential gains on Friday session. I took profits but i will keep EMES on my watchlist for a possible re-entry. The next key resistance is located at 3.89 (declining EMA50).

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Altimmune Inc (NASDAQ: ALT) is another serious potential big runner next week. The stock has been witnessing increasing buying pressure for several consecutive trading sessions, with the accumulation line rising. I believe that the bullish accumulation witnessed over the last weeks is a prelude to what traders could see very soon. Daily technical indicators are looking bullish. MACD is rising above its signal line in negative zone. ALT's chart suggest that increased buy side activity could push share prices to much higher levels.

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Adamis Pharmaceuticals Corp (NASDAQ: ADMP) is recovering from its recent bottom with MACD Hist showing a positive divergence. It looks like the stock wants to breakout of this falling wedge pattern, but has not been able to gain the needed momentum. You should keep this stock on your screen radar next week.

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Acacia Communications, Inc. (NASDAQ: ACIA) Broke out yesterday on heavy volume and looks ready to test the highs.

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CorMedix Inc. (NYSEAMERICAN: CRMD) bounced strongly again from its long-term trend line on volume, which suggest a continuation of the current uptrend. As long as this trend line holds and the $1 level is intact we could see a bullish trend intact.

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Vaxart Inc (NASDAQ: VXRT) I still think this stock looks set to break higher. With flu season coming up, it could go to $4-$4.85 on a sharp rally. Chart looks very interesting here.

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AcelRx Pharmaceuticals Inc (NASDAQ: ACRX) broke out yesterday but didn't hold the strong gains above the breakout zone and closed at 4.80. Watching action closely up here. We need a close above 5.05 to see further gains. Buyable on a pullback to 4.25 imho

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Affimed NV (NASDAQ: AFMD) broke the falling wedge pattern last week. The volume confirmed the breakout as it was greater than average. Setting up for higher prices. Technically, dips should be bought. Next key resistance level lies at 4.64

I decided to share you all followers again my basic trading rules that should be taken always in consideration for trading in order to become a successful trader in the stock market.

1 - The trend is your friend, so never go against the trend.

2 - Keep your losses small. Golden rule: Cut losses short. Let profits run.

3 - Use stops. The stop loss should be placed few cents below the supports and not at the same level. 4 - Learn the basics of fundamentals, charts and technical indicators.

5 - The good trader is one who makes consistent gains, so don’t be a greedy trader, appreciate the small and the big gains.

6 - Do not fear the market. Be always confident in your trade decisions.

7 - Never buy what you do not want, because you think it is cheap.

8 - Always be conscious that the loss may arise and you should be prepared for that to happen. Open mind.

9 - For large positions, you must to have total control of the market never losing sight

10 - Volume is a leading indicator, so play the breakouts using the volume as support of your decision.

11 - Chart breaks without volume could be a trap and the probabilities of succeeding are low

12 - Do not be hasty to buy or sell a stock, every day there are new opportunities to make money. Be patient is the key of success of any trader.

13 - Only believe fundamentals as long as the technical signals follow.

14 - Trading very speculative stocks is a frequent mistake.

15 - Do not trade positions too large relative to your available capital.

16 - Do not invest all your money in one company. Your portfolio must be diversified.

17 - The Greed to pick tops or bottoms is a usual error. Wait for the perfect and confirmed signal.

18 - Do not make trading decisions based on a story you saw in the morning paper. The market many times has already discounted the information.

19 - Review your missteps to improve your skills

As i always say, with patience and discipline, you can take much more from the stock market than you ever gave. Trading stocks is not easy for beginners or professionals, it is really very hard and requires lot of attention and knowledge. If stock trading was easy, everyone would be doing it. You can be successful at the stock market, with patience, discipline and a good trade set-up. The key objective is to make money and not lose it.

Just a last note. Many thanks for helping AC Investor Blog surpass the 70000 Followers mark on Stocktwits! I'm going to try to get 35000 followers on Twitter before the year ends, maybe you guys can help me to achieve my goal. It's great to see that the number of followers are increasing day by day, which hopefully means that some people enjoy my daily stock tips. BIG THANK YOU !!

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: ACIA, ACRX, ADMP, AFMD, ALT, CRMD, EMES, EVFM, NIHD, VXRT

14:19 | Permalink |

My Watchlist for Wednesday, January 11

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Editas Medicine Inc (NASDAQ:EDIT) Coiling up here. Keep this one on your watch list. A break of $18.99 with force might give the stock room to $22.50. Indicators are looking bullish.

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Dicerna Pharmaceuticals Inc (NASDAQ:DRNA) could be in the early stages of a technical breakout. If the stock can break through 3.30 tomorrow, I expect to see heavy volume drive the stock higher. Next major resistance lies around the 3.90 level.

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Onconova Therapeutics Inc (NASDAQ:ONTX) after basing sideways for at least four weeks, the stock broke out upwards today accompanied by a volume surge. Looks good for higher prices.

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Achaogen Inc (NASDAQ:AKAO) flagging for another move up. Breakout watch over 16.20

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) on my watch-list a few times this month and today it broke out in impressive fashion on volume expansion. I believe the stock can easily re-visit the $4.5 level in the coming weeks, if not higher.~

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I continue to support the idea of a significant rally on shares of Trillium Therapeutics Inc. (NASDAQ:TRIL), probably even above the December highs. We still need to see a break and close above 6.20 to confirm a continuation to the upside with a next target in the 8 area. Good low float stock for current market enviroment.

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Opexa Therapeutics Inc (NASDAQ:OPXA) If the price can close above the 96c level this week, we might see some short covering.

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Biocept Inc (NASDAQ:BIOC) hit my scanner today with some impressive volume and closed up 77%. I expect some follow through on Wednesday.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: ADMP, AKAO, BIOC, DRNA, EDIT, ONTX, OPXA, TRIL

22:20 | Permalink |

AC Investor Blog

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

Saturday, October 16, 2021

Ten stocks worth watching next week

Sunday, November 01, 2020

Charts on my watchlist for next week

Saturday, October 10, 2020

Technical Setups to watch next week and my Trading rules

Saturday, November 03, 2018

Some stocks worth watching next week, trading rules and a BIG THANK YOU

Tuesday, January 10, 2017

My Watchlist for Wednesday, January 11

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