AC Investor Blog

A few chart setups for the coming days and trading rules

Dearest readers,

I would like to thank you all for your cooperation and support during these last few months of the year, with a high increase of followers on Stocktwits (76000) and a great increase in the number of followers on twitter that has almost reached 38000 followers. Then, announce that in the next 3 weeks I will be on vacation and will not be back to update the blog until 10th of August. But before I leave you, I added a few charts with potential trade ideas for the coming days and once again my trading rules for newbies. Good luck to all of you.

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Safe Bulkers, Inc. (NYSE: SB) jumped 24 cents, or 11.88%, Friday to 2.26, breaking out after consolidating for two weeks in a bullish flag formation. If the stock breaks Friday's high of the day in the 2.3 area, it could retest the November highs in the 2.6-2.7 area within the next couple of days. Momentum key indicators are in bullish mode on the daily chart.

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Blackberry (NYSE: BB) the daily chart above is showing a stock that could be making strides toward turning higher. The daily MACD is curling nicely and the current $6.85 - $7 area looks like a some solid support/interest. We could see a quick pop from these levels.

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Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) is getting ready to come out of this base pattern. A close above 60c gets the party started. I would like to point out that while the stock is consolidating the accumulation line still rising, which means, someone is buying this dip.

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Bio-Path Holdings Inc (NASDAQ: BPTH) appears to have solid footing in the $13.25's and looks ready to test the $15's again.

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Kadmon Holdings Inc (NYSE: KDMN) has been in a strong upwards trend the past few weeks and is correcting some of the big gains while working out the overbought conditions. The 2.4 area level could provide a good entry point for short-term trades.

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AK Steel Holding (NYSE: AKS) seems to be a promising stock to follow in the coming days. The stock broke the downtrend line from the February peak of $3.29, which sets the stage for additional gains. Thing to watch out now for this stock is its resistance at 2.43 (declining EMA100), which if broken may give the possibility of it going to as high as 2.61 in short-term.

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Neptune Wellness Solutions Inc (NASDAQ: NEPT) is one of the hottest stocks in the market right now. The stock broke out to all time highs again last week and the volume was very strong, signaling that this move should hold. This is generally a hot buy from a technical perspective and the short-covering will continue to power the stock higher. The momentum clearly favors the bulls. The stock is now very overbought and it seems reasonable that it should rest. Technically a buy on any dip to the pivot zone.

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Dean Foods Co (NYSE: DF) broke the descending channel from the February highs on relative high volume and could eventually rally up to test its key resistance zone around the 1.5 area in the next sessions. In addition, MACD indicates positive momentum, while RSI is also gaining strength. Keep it on your watch list.

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Boeing (NYSE: BA) Volume is picking up but the stock needs to break this resistance zone first to me. If the stock can break out above $380 with heavy volume, I think the stock could shoot up to test $397 area. There looks to be good upside potential, so watch the stock very closely.

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Ameri Holdings Inc (NASDAQ: AMRH) is a penny stock I am watching closely. It can pop big time on any positive news. The stock is trading within an uptrend and in the short-term outlook it could rise to around 42c

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Nio Inc (NYSE: NIO) Coiling up here. A break through this 3.52 area could accelerate it higher.

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Vislink Technologies Inc (NASDAQ: VISL) was added to my watchlist as a possible bottom bounce-play for another possible swing trade. It is extremely oversold at this price level. Volume picked up a bit on Friday and the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Bargain hunters may want to accumulate here.

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.

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: AKS, AMRH, BA, BB, BPTH, DF, KDMN, NEPT, NIO, SB, TNXP, VISL

20:04 | Permalink |

Here are a few setups for next week !! Good luck to all

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Netflix, Inc. (NASDAQ: NFLX) surged 3.98%, yesterday on higher-than-average volume and finished at its highest close in more than 3 months. It closed at 337.59, substantially above key resistance at 332.05, confirming the breakout. Friday's close was also near the high of the day, another good sign and indication of possible continuation of current momentum. On watch.

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Finisar Corporation (NASDAQ: FNSR) over the last three weeks has formed an ascending triangle pattern with a double-top in the 21.9 area, which now represents a key resistance area which could be broken in the next few days. If a breakout next week occurs, we could see a move toward the 23 level.

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BlackBerry Ltd (NYSE: BB) Price appears to be forming a descending channel on its daily time and is on its way to test the resistance at 7.70. If this breakout occurs we could see Blackberry in the 8-8.20 area in the next couple of trading days.

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Inseego Corp (NASDAQ: INSG) broke the bullish flag pattern and formed a new high. Any pullback could be bought by dip buyers.

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This stock has a very interesting technical daily chart and the flu season is in full swing. Any stock that has the slightest bit to do with the flu could see a nice rally this month. The MACD line is starting to curl upward, which should eventually lead to price increases. If this happens here we could see VXRT rally to almost $3.4

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New Age Beverages Corp (NASDAQ: NBEV) is consolidating in a possible large "symmetrical triangle" pattern with short-term bullish tendency, pointing to an impending technical breakout soon. The daily MACD indicator on its daily time frame is also suggesting that upside pressure is starting to resume. The breaking of Friday’s highs would be a buy signal.

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SAExploration Holdings Inc (NASDAQ: SAEX) A nice recovery for this spec play from $2 to $6 last week. The stock remains overbought, however it has some serious momentum on its side. Trading these type of stocks that have large moves to the downside can make for great trades, when they finally rally, as SAEX has done last week. CEI and PED are others that might attract some auxiliary attention next week. Here is the technical daily chart for u guys, I dont own any position on SAEX (unfortutanely) just watching.

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Camber Energy Inc (NYSEAMERICAN: CEI) is a spec play worthy of some attention as well. With some buying volume this stock could soar just like SAEX. As I mentioned in my trading rules article in October, these kind of stocks, are the ones to trade not to invest. In this particular case, i see here an opportunity based on the daily chart for a nice swing trade, which was one of main reasons that made me buying it again at 1.08. Plus, the massive rally on its sympathy play SAEX. Looking at the daily chart, it seems to be forming a potential double bottom and some key indicators are displaying that potential scenario. That said, my strategy is simple. Stop loss at 90c and short-term target 1.43 in case of normal daily average volume. Over 10M shares, my target would be +$2.4 keep it simple. Small cap companies can be a good opportunity because of the cheap share price, but we need to have rules to trade them.

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Bank of America Corp (NYSE: BAC) worth keeping an eye on, may need to build some energy. However, if we reclaim the EMA50 and hold, i expect a rapid move toward $28 area.

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General Electric Company (NYSE: GE) is really starting to get going. I like the way its been trading lately and I think it could hit $10 in the coming weeks, but before that, the stock needs to break this small consolidation area to expect another move to the upside. Long setup on watch.

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Rewalk Robotics Ltd (NASDAQ: RWLK) Nice candle Friday on above average volume. It has a nice gap over 26c. Still on top of my small caps watchlist (added last month around 18c).

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AK Steel Holding Corporation (NYSE: AKS) again closed above its 20-day EMA. This stock ,in my view, looks to be in the early stages of another rally that will bring the stock to over $3 a share.

Note: Small-capitalization stocks are on fire again, so i will be here as long as the momentum is in our favor (keep in my i dont trade OTC stocks). Small-cap stocks generally provide the best returns for day traders, but we need to be aware of the risks. There could be liquidity problems if someone is trying to take a big position in a small stock, so if your account is small, please diversify in order to avoid been stuck in just one stock and use tight stops.

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: AKS, BAC, BB, CEI, FNSR, GE, INSG, NBEV, NFLX, RWLK, SAEX, VXRT

18:21 | Permalink |

Momentum Stocks to Watch Next Week

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United States Steel Corporation (NYSE:X), which has been building momentum since mid-November, broke out of its bullish consolidation on Friday after the U.S. Commerce Department recommended tariffs on steel from other countries. If it breaks Friday's high of the day in the 45.44 area and closed above it next week, the stock could retest the 2011 highs in the 55-60 area within the next couple of weeks.

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AK Steel Holding Corporation (NYSE:AKS) Another steel name with a good looking chart. The stock broke decisively above its 200-day EMA on Friday and we could see further upside. From here we can expect a run to the 6.8 area and from there we could see an explosive upsurge to $8 and better. Daily technical indicators are turning up. Hold with a stop at the level of the 20-day EMA. Add more on a convincing break out above the 6.8 level. Long setup on watch.

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Apple Inc. (NASDAQ:AAPL) burned a lot of shorts last week and i have a feeling that the V-bounce pattern that i have been mentioned on Twitter will be materialized very soon. Technical daily indicators are looking bullish and with the MACD rising sharply above its signal line the upward momentum could continue next week.

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Steel Dynamics, Inc. (NASDAQ:STLD) Strong breakout of resistance on volume confirmation. Looks good for higher prices. Volume activity provides a powerful confirmation of price signals.

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Roku Inc (NASDAQ:ROKU) confirmed my previous analyse on Twitter and broke the trading range to the uspide. The stock seems to be ready for another run up. Some technicals are turning up as well. Further strength above 51 opens the door to 55. Put her on your radar. Could see further upside continuation.

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Watch carefully this potential bottom pattern in Yield10 Bioscience Inc (NASDAQ:YTEN). The stock has room for a significant uptick beyond these levels. The technical indicators are starting to look bullish again. RSI is moving up and the MACD has a bullish crossover. This stock should be on your watchlist next week. It has also a nice gap to fill on daily. Im long.

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Neuralstem, Inc. (NASDAQ:CUR) has started to bounce and broke out from a descending channel Friday closing above resistance of 1.60. Chart is screaming for a bounce opportunity and I think we can see some nice moves next week. Further strength above 1.68 opens the door to 2.16. CUR will move very quickly, so keep the stock on your screen throughout the day on Tuesday. Keep on watch.

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Eastman Kodak Company Common New (NYSE:KODK) starts showing buy signals again. The MACD has reversed the course and the stock finally closed the week above the 50 and 100 EMAs, usually a Bullish signal. Wait for it to break 7.5 on heavy volume or buy on the pullbacks above 6 with it as a stop.

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

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: AAPL, AKS, CUR, KODK, ROKU, STLD, X, YTEN

17:23 | Permalink |

Here's my watchlist for the week ahead

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Fitbit Inc (NYSE:FIT) An intraday close above horizontal resistance $16 would bring expectations of a spike higher towards $18 followed by $18.85 (April highs). From a technical standpoint, indicators are looking bullish. MACD crossed back above signal line and is moving up in positive territory. AD is also rising and RSI has moved above its 60% level. The stock is a short squeeze candidate, with a short float at 38% equivalent to 7 days of average volume.

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FORM Holdings Corp. (NASDAQ:FH) I alerted this one on Twitter/blog last week as a potential mover and the stock did what it was supposed to do, closing yesterday above the 200-day EMA for the first time in months. Price showed a lot of strength in afternoon trading, moving steadily higher toward the closing bell and should continue this upside move next week. The stock hit a high of $2.71, which is resistance for Monday’s move. I expect to see another strong upside move to $3 and better in the coming sessions.

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Tokai Pharmaceuticals Inc (NASDAQ:TKAI)This is one you should keep your eyes on for the next couple of days. My system detected unusual call buying in the Oct/Nov 5 and 7.5 calls respectively last Thursday. On September 8th, the company announced that its Board of Directors has initiated a review of strategic alternatives for the company focused on maximizing stockholder value. So, i believe that someone might already know something and is betting on a strong move higher. The stock is very close to resistance, above the resistance line is bullish. The Accumulation line also spiked with price action which could act as a near-term catalyst as well. For the reasons mentioned above, i started a position.

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AK Steel Holding Corporation (NYSE:AKS) In the last week, I have been mentioning that support for stock should hold in the range of 3.9 to 4. Notably, the stock held up very well this area, relative to many of its peers. With the support holding well inside 3.90 ranges, my outlook stays exactly what it has been for past 4 days. Afterthe tumble the stock has taken since the July Highs, AKS is certainly starting to look cheap and a bounce could occur from here. On the upside the critical resistance is 4.35 and a break over that will support the above mentioned view. On the flipside any break below 4 should bring further consolidation. Watch the stock closely next week.

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Minerva Neurosciences Inc (NASDAQ:NERV) closed at 14.31 on Friday, reconfirming the new uptrend after the recent break of the 13.75 resistance level. Because of this, I feel that this stock is ready to go towards its next target of $15.84 level (52-wk high). From the daily technical chart we can see that the stock is on a bull market as it is trading above all EMAs and MACD is above Zero line.

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Revance Therapeutics Inc (NASDAQ:RVNC) had a strong day on Friday and broke through its 50 and 100 EMAs. The volume confirmed the breakout as it was greater than average. The stock might fill the gap next week.

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SCYNEXIS Inc (NASDAQ:SCYX) good relative strength compared to the market on Friday. Key resistance is located at $3.35, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $3.75 zone. The RSI is moving higher again, which is a sign of growing strength in the stock. I think its worth adding to your watchlist.

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: AKS, FH, FIT, NERV, RVNC, SCYX, TKAI

11:43 | Permalink |

Stocks to Watch for February 29, 2016

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AK Steel Holding Corporation (NYSE:AKS) Technically, the stock is in clear short-term bull market and showing signs of wanting to move higher, probably to test or break the next resistance at 3.03 (200EMA) and eventually to the 3.19-3.25 level. All four major EMAs have started moving up, with the 20-day EMA above the 50-day EMA for the first time in more than 10 months. Friday’s intraday high of 2.87 was also the highest level the stock has touched in more than three months. The daily technical indicators are pointing to a continuation of the rally.

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) For the past few weeks, the stock price has been consolidating within a rectangular band between 6.25 and 7.89. There is a good possibility of the stock price trying to form a bottom here. With the daily momentum indicators on the above chart showing positive divergences I think a push to $9.60 or better could be in the making. Friday's high volume could be a signal for trend change and the beginning of a potential major move higher.

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BlackBerry Ltd (NASDAQ:BBRY) share price has finally crossed and closed above the declining 50-day EMA, which is very positive. The positive momentum may continue towards next hurdle of 7.90 and 8.15 zones. If stock fails to hold above the 7.30 level then the positive momentum may fizzle out and stock may tumble down towards next support at $7. However, the daily technical indicators are turning bullish. The RSI has just crossed above its 50% level and MACD is about to cross above the center line. Thus, I expect to see further upside.

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Kinder Morgan Inc (NYSE:KMI) is in a rectangular pattern that could accelerate to the upside if it breaks above 18.14. I will look for a breakout from the upper line of the pattern to trigger a long signal, with a stop at 16.73. The daily technical indicators are showing some bullish signs.

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Plug Power Inc (NASDAQ:PLUG) watch for trend continuation toward 2.22 zone short-term. The breakout of the bullish pennant formation that the stock has been in for the past two weeks was a positive sign, and I expect continuation of the trend in the coming days.

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Groupon Inc (NASDAQ:GRPN) on Friday broke out of a small bullish flag pattern, resuming its up trend by closing above the previous peak. A break above 4.68 could accelerate the stock with the next target at $5 area. Initial stop-loss at 4.05 (200EMA).

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Apple Inc. (NASDAQ:AAPL) For the past two months the stock has been forming a descending triangle formation, meaning the bears are slowly gaining the upper hand over the bulls. However, investors are now pressuring on the upper line of the triangle again and if we close above this resistance line next week, the trend can dramatically change. The bias is still neutral to bearish near term, a clear break is needed from the triangle to see a clear direction. I like the positive divergences in both the Daily Macd and Rsi indicators.

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: AAPL, AKS, BBRY, CLDX, GRPN, KMI, PLUG

17:55 | Permalink |

Stocks to Watch for February 18, 2016

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United States Steel Corporation (NYSE:X) is finally stepping up after weeks of frustration. The stock price is building momentum and broke today the downtrend line that it established since August 2015 on high volumes with 9.52 as the first upside objective. Long setup.

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AK Steel Holding Corporation (NYSE:AKS) Another nice breakout. The price finally broke and closed above the declining 100-day EMA. If this daily technical chart does what is supposed to do, the price will be going higher in the days to come, plenty of room to upside.

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Kinder Morgan Inc (NYSE:KMI) finally broke above key resistance in today's trading session. Go long on the break of Wednesday’s high at 17.62

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Ceres Inc (NASDAQ:CERE) hit my scanner today with volume 2x above avg and closed up 9.45%. The stock may be forming a bottom after being in a downtrend for weeks. It has a good base at 22c which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above 33c. I expect some follow through on Thursday.

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Volume was decent today and the trading action was also encouraging. Traders bought the dip several times near the $7.05 level. BlackBerry Ltd (NASDAQ:BBRY) is starting to turn back up and technical indicators are giving the first bullish signs. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and RSI/MACD are also rising. The stock has the following important levels. Resistance at $7.38 and support at $6.98

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: AKS, BBRY, CERE, KMI, X

22:09 | Permalink |

AC Investor Blog

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

Saturday, July 20, 2019

A few chart setups for the coming days and trading rules

Saturday, January 12, 2019

Here are a few setups for next week !! Good luck to all

Saturday, February 17, 2018

Momentum Stocks to Watch Next Week

Saturday, September 17, 2016

Here's my watchlist for the week ahead

Saturday, February 27, 2016

Stocks to Watch for February 29, 2016

Wednesday, February 17, 2016

Stocks to Watch for February 18, 2016

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