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Sunday, February 28, 2021

A few names on my TOP watchlist for the Week ahead

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GameStop (NASDAQ:GME) The stock gained more than 150% last week on strong volume accumulation and it has been in a bullish consolidation over the last two trading days after a big move on Wednesday that took it from the mid-40s to mid-180s. A successful break of this bull flag pattern on H4 could set the stage for stock to test the price region around 200. Technical indicators are looking bullish to me.

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In order to stage a bullish trend reversal, BlackBerry (NYSE:BB) needs to break and close above the 12. Short-term daily technical indicators are improving and the MACD on the H4 chart recently produced a new buy signal last week. If the stock can break Friday’s high of $10.82, we should see a strong follow through move. BB will move very quickly, so keep a very close eye on the stock next week. Stock has a strong support around the 9.69 area.

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LAIX Inc (NASDAQ:LAIX) I bought back my shares on Friday. From a technical standpoint, the stock closed the big gap made on February 5 as it gave up much of its gains from the past three weeks. Technical indicators are showing positive divergences. I'm betting on a reversal and a possible rise over $3.08 in the coming days.

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Janone Inc (NASDAQ:JAN) I have been accumulating this stock. The company announced last week that it has entered into a definitive agreement to sell its legacy recycling subsidiary, ARCA Recycling, to Virland Johnson, JanOne’s Chief Financial Officer, for an aggregate purchase price of approximately $25 million. The current market cap of the company is just $23M. This stock remains, in my view, undervalued, and based upon recent actions by the company, I think the price per share should head higher. I still think this is a $15 - $20 stock down the road. The way to make money in these markets is to find the undervalued stock before the market does.

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Aikido Pharma Inc (NASDAQ:AIKI) was over $2.55 on February 16 and closed Friday at $1.19. The stock is back at the bottom area and could provide another great swing trade. I bought shares last week. A break and close above the 1.25 level next week could move the stock significantly higher.

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Ocugen Inc (NASDAQ:OCGN) Missed this one on Friday because I was too busy watching WSB stocks. But this chart looks pretty good. I think current levels offer a great chance to play a rebound in shares. Long positions can be considered with a stop loss of 9.50 on a daily closing basis. Initial targets are 13.50 and 17

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I like this stock (NASDAQ:NVOS) for a nice rebound from Friday's $5.21 close. The stock has been finding support at its 100EMA on the 30m chart. We could be looking at the start of a sharp rally for this stock. It's down from $14.98 to $5 with not much of a bounce in between. I think a 25-40% gain or more lies ahead.

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Lumos Pharma Inc (NASDAQ:LUMO) another small name that could see a big rally from current levels due to very oversold conditions. Plus, potential double bottom.

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Fisker Inc. (NASDAQ:FSR) The stock saw continued buying pressure on Friday. With this breakout move and future potential this stock should remain one to watch going forward. Buyable on any pullback to pivot.

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Townsquare Media Inc (NASDAQ:TSQ) is flagging nicely on the daily chart. Watch Monday's action for a possible breakout over $11.25

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: AIKI, BB, FSR, GME, JAN, LAIX, LUMO, NVOS, OCGN, TSQ

16:59 | Permalink |

Saturday, December 05, 2020

Several potential setups on my watchlist for next week

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BlackBerry (NYSE:BB) should continue to build momentum next week after an impressive close on Friday. It has a lot going for it, not to mention known short positions, which could make things very interesting. These short squeezes can and do happen. I'm still a long term investor on this name, in my view, remaining undervalued. Next major resistance lies at 9.69

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Oxbridge Re Holdings Ltd (NASDAQ:OXBR) I went long yesterday. This stock briefly hit $1.98 before falling back. I have not given up hope just yet. It has the potential to break higher again, we have seen that. The first attempt was premature, the next one will be more deliberate and potentially stronger. Daily technical indicators are giving favorable signals as the stock trades above all the major EMAs and momentum indicators are also still showing upside potential for further gains. The stock hit a high of $1.98 on Friday, which is resistance for the continuation move. A break of that level would be the impetus for a more explosive move higher targeting the 3.18 area.

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Phunware Inc (NASDAQ:PHUN) Friday was an excellent trading day for this stock. The money volume indicates investors are starting to catch onto this stock. When I first alerted the stock to my twitter and stocktwits followers it was trading around 66c. Yesterday it closed above the key resistance level of 75c. If the buying continues this stock could easily see $1 or better next week. Still in play for me.

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Aikido Pharma Inc (NASDAQ:AIKI) I remain firmly behind this stock. This stock currently trades around 63c and I have little doubt it rallies to well beyond recent highs at some point. Those accumulating at these levels, honestly in my view, will be sitting on some sizable profits down the road. Daily technical indicators are back in bullish zones. The bulls are gaining control after a sharp correction in August. A continuation of the rally is likely.

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TD Holdings Inc (NASDAQ:GLG) MACD, RSI and Slow stochastic are inside their respective extreme oversold zones, though all three have formed rounding bottom patterns on the hourly charts that may lead to an upward bounce in the stock price. Plus, major support has held for 2 days now, any weakness likely to be bought hard. I'm expecting a big bounce next week. China stocks have been very strong recently. They will find this one.

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Allied Healthcare Products Inc (NASDAQ:AHPI) has formed an inside bar after the strong bullish candlestick pattern formed on Thursday. An inside bar after a breakout can be treated as a breakout pullback and can be entered with a trend. I could see this stock testing $5.9 again next week if traders continue to pile in. The accumulation line on the chart tells the story much better than I can.

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Volume has dissipated and the price per share has stabilized. I think now is the time to be getting into Urban One Inc Class A (NASDAQ:UONE) ahead of any new positive developments. With such a low float, this stock could get explosive down the road. The positive divergence on the CMF indicator is telling us something, it is begging for another explosive move higher. Could history repeat itself? As I always say, history tends to repeat itself. A repeat of history would be $10+ a share.

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XpresSpa Group Inc (NASDAQ:XSPA) bounced nicely on Friday after a Doji candle and showed signs of life. This stock is very possibly turning the corner for a move higher of up to 15-20% in the coming days. This stock is a buy as long as it does not take out the 1.34 level on a daily closing basis.

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Applied DNA Sciences Inc (NASDAQ:APDN) The accumulation continues. We've all seen how high a stock can go when the entire float is accounted for. Daily technical indicators are back in neutral zones. A continuation of the rally is likely. I think the breakout is still in its very early stages and it will surprise many in the coming days.

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TOP Ships (NASDAQ:TOPS) jumped up by 38% and closed at $1.65 with higher volume. Technically, the stock has a strong resistance zone just above the 1.70 area which it is approaching. If the stock crosses this key resistance level, it has potential to fill the gap. Worth watching next week for a breakout.

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.

Labels: AHPI, AIKI, APDN, BB, GLG, OXBR, PHUN, TOPS, UONE, XSPA

14:47 | Permalink |

Sunday, May 31, 2020

Trading Setups for the Coming Week

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Aethlon Medical, Inc. (NASDAQ:AEMD) at $1.47 a share looks to be putting in a bottom. It has been floating around this range for several trading sessions and I think the stock could see a sharp move higher from here. The daily indicators are beginning to turn bullish again. The MACD is still negative, but has crossed above its signal line. Both the RSI and slow stochastic are in their bullish zones. Chart is also showing signs of significant share accumulation. I expect the share price to begin its ascent back to recent highs of 1.81 before ultimately breaking and surpassing $2 NOTE: Institutions have been increasing positions.

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I have already outlined the many reasons why I like Verastem Inc (NASDAQ:VSTM) in my twitter posts. At $1.86 this stock, in my view, offers a tremendous opportunity to profit in the short-term. What do the technical indicators say? The daily MACD is above the signal line in negative territory, but is rising. The RSI has climbed back above the 40% level and Slow Sto remains in neutral zone. The bottom looks to be in and the risk of more bloodshed is a lot lower than it was weeks, or even days ago. Im still long.

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People can say what they want about Aikido Pharma Inc (NASDAQ:AIKI) and its past, but what matters is what is happening right now. Honestly, and based on the recent news the company is turning the corner and the stock is starting to reflect that (large base formation). At some point the investment community will catch onto this, until then I think AIKI is a true bargain. Its a Coronavirus play "Licensing Agreement with University of Maryland for Antiviral Compounds, Including COVID-19". It has been rangebound between 64c and 82c for almost six weeks. The last decline did not test the lower end of this range, creating a higher bottom. I would not be surprised to see this range to be broken soon and the stock make new swing highs. Im long.

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CleanSpark Inc (NASDAQ:CLSK) has the perfect set up to make another big run after a nice pullback. The break out point would be at 2.18. From a technical standpoint, the stock is trading above the major Hourly EMAs with all moving averages pointing upwards. In addition, the hourly MACD indicator is curling up also indicating a buy. The stock is in the process of bottoming. At some point it will explode to the upside. Let's keep an eye on her.

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Arcadia Biosciences Inc (NASDAQ:RKDA) has made a higher high at $5.32 and now has pulled back to its previous breakout level around 3.40. This key price zone has provided multiple support levels and is now showing signs of reversal. With continued buying pressure I am looking for this stock to hit and pass its $4 area next week.

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Virgin Galactic (NYSE:SPCE) had a great day on Friday. If the stock can break out above 17.74 with heavy volume, I think the stock could shoot up to test 21 level. There looks to be good upside potential, so watch the stock very closely on Monday.

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Digital Ally, Inc. (NASDAQ:DGLY) also had a very strong day on Friday, breaking out above the $1 level on heavy volume. As long as it can hold this level, it looks good. Technicals are showing bullish signals supported by positive MACD and A/D indicators.

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There is a potential breakout scenario developing on the daily chart of Qualcomm (NASDAQ:QCOM). Buy signal: When stock breaks $82

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Elastic NV (NYSE:ESTC) Flagging nicely here. A breakout above $87.16 would constitute a technical entry for the short term trader looking for a quick trade. Daily technical indicators are in bullish zones. The stock price has been consolidating sideways within a rectangle pattern between 76 and 87 for the past 5 trading sessions. Rectangles, in this particular cases "bull flag" are usually continuation patterns, with price target implications. An expected upward breakout can take the stock to a target of 98. Since the stock is trading in a clear bull market (above all major EMAs), one can use the consolidation to accumulate with a stop-loss at 75.78

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Turkcell (NYSE:TKC) coming back for another test of resistance. Long over $5.20

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WWE (NYSE:WWE) appears to be forming an inverted head and shoulders pattern. The neckline is around $47 and if the daily candle gets a close above the neckline then the chart pattern is valid. Long setup on watch.

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FireEye, Inc.(NASDAQ:FEYE) Traders continued buying up this stock as it surged again on Friday this time to the tune of 4.48% on solid volume closing above its 100-day exp moving average. Daily technical indicators are in bullish zones. MACD is rising above its signal line in positive zone and RSI has climbed past their respective 50% level. Slow stochastic has entered its overbought zone. The stock warrants some attention next week.

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Blackberry (NYSE:BB) is one of my favorite long term plays and the technicals are setting up in favor of the bulls. The stock is now approaching a key medium-term resistance zone around 4.80 ( 100-day EMA). A move above this technical level is likely to spark a short-covering rally towards $5.20 BB is also heavy shorted which only means one thing, squeeze. Keep an eye on BB, near breakout levels.

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.

Labels: AEMD, AIKI, BB, CLSK, DGLY, ESTC, FEYE, QCOM, RKDA, SPCE, TKC, VSTM, WWE

19:09 | Permalink |

Saturday, April 04, 2020

Trade Ideas for next week, Trading rules and some good FREE sources of information

Dearest followers,

We are living in difficult times, waging a war against a faceless enemy and, although far from each other, we need to be more united than ever respecting the rules of health. The situation is very serious and people need to stay at home. Remember to wash your hands several times a day a day for at least 20 seconds to stop the spread of infectious diseases and encourage others to do the same.

Over the last days, I have received many emails, from people asking me which books or sites I would recommend to learn about trading. To be transparent and direct, i cant find any book that could help you in this environment of uncertainity. In reality, there is no such thing as a perfect trading model, simply because the market is so dynamic and unpredicatable. Thats a good one for daytraders with experience (that doesnt mean they cant lose money) but not for newbies. However, i can share with you my trading rules and some good FREE sources.

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

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Co-Diagnostics Inc (NASDAQ:CODX) caught my attention on Friday afternoon few minutes before the close because of the price action and volume. Plus, the daily technical set-up was so perfect that could be a great trading idea for the coming week. So, i decided to enter and tweeted my entry. Few hours later i was surprised with the price action in after-hours. The stock shot up beautifully for a quick and easy 30% gains. Congrats to those who jumped into the game. Call luck, or whatever you want, but the bottom line is that i detected significant buy interest, something that caught my attention so i decided to enter. Luck is part of the experience.

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Ocean Bio-Chem, Inc. (NASDAQ:OBCI) bounced beautifully off the uptrend line on the hourly chart so I bought back my shares on Friday. The stock has been trading up in a clear bullish pattern (higher highs, and higher lows) since establishing a bottom support around $3. This company reported recently good EPS and revenue numbers. Both Records - 2019 Net Income of $3.5 Million and Net Sales of $42.3 Million. Its a Coronavirus play. They sells "Performacide" an EPA-registered disinfectant and sanitizer that is proven to kill previously known strands of human Coronavirus, and meets EPA criteria for use against the new, SARS-CoV-2, the cause of COVID-19. They reported an expansion of Production Capacity for Performacide last month. Chart shows a stock under accumulation. If the stock can take out the $4.5 level, the measured move of this pattern is $6+

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Ritter Pharmaceuticals Inc (NASDAQ:RTTR) is starting to turn back up and hourly indicators are giving the first bullish signs. On Friday it closed just slightly below its 50-hourly EMA, which if broken could accelerate the stock toward its June highs around the 50c area. Plus, the stock also closed abv the upper line of the descending channel. A volatility squeeze seems eminent. You want to watch the stock closely as RTTR can move quickly and you want to be ready for this move once it happens. As you know, timing is everything with these types of monster plays.

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Bio-Path Holdings Inc (NASDAQ:BPTH) has been in a nice uptrend over the past 2 weeks and volume appears to be picking up as well. For investors who are interested in this stock could watch for the breakout at $5.50 since the breach of this critical resistance is a sign of reversal from a down trend. Currently prices are supported by the rising short-term Hourly EMAs and the uptrend. The stock has plenty of room to run.

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Walmart (NYSE:WMT) broke out of a small consolidation pattern on high volume on the hourly chart and could eventually rally up to test its recent high around $126. Looking at the technical chart the near-term outlook is positive. The Relative Strength Index is moving higher, which is a sign of growing strength in the stock and MACD is also giving a positive indication. Long setup on watch.

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OPKO Health (NASDAQ:OPK) has achieved a boost during Friday’s market as traders witnessed the oversold position, driving shares up 0.87%. I would like to see a break over yesterdays high of 1.29 to indicate possible bounce is on deck. I feel that fundamentally, the stock looks attractive at least for the short term. I would like to point out that CEO is buying shares like crazy now on a daily basis. Generally when insiders buy shares, especially in large amount like we have been seen it is a sign that positive things are coming. Im long.

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Aikido Pharma Inc (NASDAQ:AIKI) is showing signs of bottoming out on the charts along with the MACD giving positive signals and CMF is showing positive buying pressure. Significant jump above 61c can take the stock northwards to 80c or even to 1

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As I have been mentioned in a few tweets over the past couple of days, I keep holding my long position in MARK waiting for something BIG. The stock seems to be forming a bullish flag formation on the technical chart and is on the cusp of a move higher that could take it to the 60c area pretty easily.

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 few cents below the supports and not at the same level (i dont 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 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

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.

Good FREE Sources of information to learn about trading (Google it) Investopedia, FDA Calendar, Secform4, Finzv, Stockcharts, Shortsqueeze, Benzinga, Stocktwits, Openinsider, Shortvolume, Fintel.

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.

Labels: AIKI, BPTH, CODX, MARK, OBCI, OPK, RTTR, WMT

13:50 | Permalink |

AC Investor Blog

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

Sunday, February 28, 2021

A few names on my TOP watchlist for the Week ahead

Saturday, December 05, 2020

Several potential setups on my watchlist for next week

Sunday, May 31, 2020

Trading Setups for the Coming Week

Saturday, April 04, 2020

Trade Ideas for next week, Trading rules and some good FREE sources of information

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