AC Investor Blog

Here are a Few Trade Ideas for next week

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Plus Therapeutics Inc (NASDAQ:PSTV) Calling the bottom is always difficult, but in my opinion this chart is showing some positive momentum divergences, which often leads to short covering. A break of $10.08 with force next week might give room to $14. I entered long on Friday.

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Ameri Holdings Inc (NASDAQ:AMRH) should be on your radar screen next week. The company will host multiple customer events at SAP’s annual SuccessConnect conference, the premier event for human resources (HR) professionals, set to take place September 16-18 at the ARIA Resort & Casino in Las Vegas. On the technical side, daily indicators continue to show bullish momentum and the volume increased significantly. Looking to see if stock can get over 30c for a run to 49c

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Obalon Therapeutics Inc (NASDAQ:OBLN) price finally closed above the pivot high last week, breaking a descending channel that has been intact since the beginning of August. The Bullish sentiment and the huge short-interest could push the stock price to the nearest resistance of $3. The technical indicators are also sending Bullish signals and there is a gap to fill on chart. On watch.

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Qualcomm (NASDAQ:QCOM) tried to breakout above the $80.12 level last week but failed. Only a close above this level would suggest further upside.

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Prevail Therapeutics Inc (NASDAQ:PRVL) is possible trend reversal trade if it breaks $12 resistance area. The accumulation/distribution line is starting to curl upward, which should eventually lead to price increases.

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Taronis Technologies Inc (NASDAQ:TRNX) we start to see now some signals of rebound as the technical chart shows positive momentum is back. Nearest resistance for the stock is at $2.31. If this level is crossed and the stock is able to sustain above this level, then it might go to $3.15

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Neurometrix Inc (NASDAQ:NURO) surged in the final hour of trading closing at 47c. The real fireworks should begin if the stock price can close above 50c. The accumulation line is starting to curl upward which should eventually lead to price increases. Keep it on your watch list going forward.

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I have Scworx Corp (NASDAQ:WORX) on my watchlist again for next week. It might attempt to breakout above $4.34 level and if it succeed we should expect a strong move to the upside.

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Francesca's Holdings Corp (NASDAQ:FRAN) continue to show impressive strength as a near-term uptrend remains in place on the bar chart. The EMA20 on the 15 minutes chart has been a great support, so if you are long use it as a SL. Immediate resistance 19.49

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DavidsTea Inc (NASDAQ:DTEA) had a big pop on Friday and finally broke out of its major horizontal resistance line. Daily technical indicators are looking Bullish with the RSI indicator rising while the MACD is cutting above its signal line. Keep it on your watch list going forward. Pullbacks to 1.85-1.8 are buyable.

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: AMRH, DTEA, FRAN, NURO, OBLN, PRVL, PSTV, QCOM, TRNX, WORX

16:45 | Permalink |

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 |

Friday July 5th watchlist

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Nio Inc (NYSE: NIO) what a rally for this stock on Wednesday. Also significant was that the stock closed above a key resistance point of $3. The stock hit a high of $3.26, which is now resistance for Friday's continuation. Daily technical indicators are supporting the bulls. The MACD is rising and RSI is moving up above its 50 level. Keep this stock on watch.

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TOUGHBUILT INDU/SH (NASDAQ: TBLT) volume was sharp on Wednesday and we could be looking at the beginning of a new uptrend. Let's see what Friday brings. Pennymania is back, and FCEL was a good example in the last 3 sessions.

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Blackberry (NYSE: BB) Bottom Seems to Be Reached. Watch the break of 7.55 on Friday to start a big bounce.

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Biopharmx Corp (NYSEAMERICAN: BPMX) looks to have bottomed out, as a big buyer stepped in at the end of the session to close the stock a few ticks higher then session lows. Volume and price have dropped recently, but I think the cheaper prices will bring more buyers into this stock.

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Precipio Inc (NASDAQ: PRPO) This stock has one of best setups out there. Big pop on volume to break the channel, then a pullback on low volume, usually the entry point. Trading volume is drying up, which isn't good for short sellers. Still holding a strong position. I suggest you keep this stock on your radar. At some point I think it will post another impressive rally.

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aTyr Pharma Inc (NASDAQ: LIFE) patent news out late in the session brought buyers. After falling from $10 to sub $5, investors are slowly starting to recognize the potential and the cash position of this stock. I feel a rally to $6.5 and better is in the cards short term.

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Hemispherx BioPharma, Inc (NYSEAMERICAN: HEB) this $4 stock looks primed for a run, and sits near its 52 week low. Insiders are buying shares at fast pace in motnhs. This alone should bolster the price per share. I would like to take this opportunity to share ARTICLE

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Ameri Holdings Inc (NASDAQ: AMRH) with each passing day I feel more positive about this stock. I see this stock trading well over 62c in the near future. I have a habit of seeing these big gains before anyone else, and I don't think it will be any different this time around. Penny mania is back !!!

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: AMRH, BB, BPMX, HEB, LIFE, NIO, PRPO, TBLR

20:47 | Permalink |

Chart setups on my watchlist for next week

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Palatin Technologies, Inc. (NYSEAMERICAN: PTN) definitely on watch for Monday trading session. The company announced today that the U.S. FDA has granted marketing approval of AMAG Pharmaceuticals, Inc.'s New Drug Application (NDA) for Vylees (bremelanotide injection), a melanocortin receptor agonist developed by Palatin indicated for the treatment of premenopausal women with acquired, generalized hypoactive sexual desire disorder (HSDD). The FDA's approval of the NDA triggers a $60 million milestone payment to Palatin under its North American license agreement with AMAG. From a technical standpoint, over 1.74 the "sky" is the limit. The stock closed in after-hours at 2.11 with a gain of 57%

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Overstock com Inc (NASDAQ: OSTK) saw its shares surged almost 16% to $11.57 per share Friday after CEO Patrick Byrne told CNN yesterday at the Fortune Brainstorm Finance conference in Montauk, N.Y. that interest for its retail business had picked up. "Two very attractive acquirers that I would have put high up on my list have shown up". Besides that, the break of the $10000 mark by Bitcoin could also fuel the continuation of this rally next week. Key resistance is now located at $12.09, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $14 zone. The daily RSI is moving higher, which is a sign of growing strength in the stock.

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Arlo Technologies Inc (NYSE:ARLO) is gaining some momentum again. The stock has made a strong bounce off of the lows that were posted earlier this month with high volume and closed last week above the 50-day exponential moving average for the first time in months, which is a positive sign. The technical daily chart shows that MACD is rising in positive territory, while the RSI is also gaining strength. Next resistance is located at $4.8 while there is some nice support around $3.84

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Ameri Holdings Inc (NASDAQ: AMRH) this small blockchain play could also benefit from the strong Bitcoin move next week. If a proper breakout happens at 39c we can see a target of 60c (EMA200 is located at 64c)

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Inpixon (NASDAQ: INPX) has posted some impressive moves in the past after forming a base pattern. Stock looks to be bottoming, could see a nice squeeze higher from here. Most of people dont like this company due to its diluition history, but we are here to make another great swing trade not to make investments. Thats said, im long.

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Obalon Therapeutics Inc (NASDAQ: OBLN) is in the process of bottoming and i expect a pop above $1 at some point in the coming days/weeks, and the FORM-S1 on Friday after-hours just confirmed my feeling that some news are about to come very soon. Looking at the daily chart, the accumulation is still there and this, in my view, bodes well for the stock. I don't think it will be long before OBLN is trading much higher form here.

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Dropbox Inc (NASDAQ: DBX) had a very nice day on Friday, breaking out above the $24.65 level on heavy volume. As long as it can hold this level, it looks good for a run to 26.49

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Pieris Pharmaceuticals Inc (NASDAQ: PIRS) keeps going higher, next breakout level to watch is 4.68

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Workhorse Group Inc (NASDAQ: WKHS) bounced nicely off the rising 20-day EMA last week. The stock should test the recent highs and possible new highs in the weeks ahead.

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HEMISPHERX BIOP/SH NEW (NYSEAMERICAN: HEB) CEO acquired 29,404 shares on Friday. The puchasing of common stocks from insiders should give a boost to the disappointing peformance of HEB stock which went from $14.81 per share in April to 52 weeks low of $3.62 per share on Thursday. Im expecting a nice bounce next week.

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: AMRH, ARLO, DBX, INPX, OBLN, OSTK, PIRS, PTN, WKHS

14:35 | Permalink |

12 Technical Setups for the coming week

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In the past few days we have noticed that the stock price of Aphria Inc (NYSE: APHA) has been on a consistent bullish uptick in market valuation. Moreover, along with the market valuation the technical key daily indicators MACD, RSI and A/D have been bullish, rising for the past several days. Additionally, the stock past a key resistance level of 9.45. It is overbought but volume and money flow still building. So, keep watching APHA trade and watch for potential continuation of its recent upward move next week.

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I have Tilray Inc (NASDAQ: TLRY) on my watchlist. It may be ready to break out of this small consolidation. Bullish MACD cross on daily. Potential swing long above 84

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New Age Beverages Corp (NASDAQ: NBEV) Good pattern and accumulation, but I need to see further upside confirmation before adding a new long position. The good side of this stock technically is that MACD is still rising above the 0 line and RSI above its 50% level, so this stock is still bullish for now even if it is still consolidating. Keep an eye for a possible breakout over 7.62 next week to see further gains.

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Nio Inc (NYSE: NIO) displayed some impressive relative strength last week. A break of $8.3 with force might give the stock room to $10. MACD and A/D both signal positive strength and accumulation. The stock is trading above all major EMAs, also a bullish sign. A lot of eyes are on this stock right now, so make sure this is on your radar screens. Squeeze seems imminent.

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Onconova Therapeutics Inc (NASDAQ: ONTX) was another winner for my readers/twitter followers last week. The stock might face a period of sideways action here while it consolidates the gains booked in the last trading sessions.

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Naked Brand Group Ltd (NASDAQ: NAKD) has started to see some activity after a long period of hybernation. The stock broke the downtrend line last week and it gives a signal that the stock can move upward. Momentum indicators are also supporting the trend reversal. RSI is heading higher from oversold levels and MACD is showing signs of turning up finally. That could generate a lot of additional interest from other traders scanning for bottom plays that could be become solid gainers. Money flow into the stock has been very nice over the past trading sessions. NAKD Could be a BIG Runner, so watch it closely next week. If it breaks next pivot point at 93c can easily run to next target at 1.45 followed by 2.12. I entered long on Friday.

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Inpixon (NASDAQ: INPX) everybody knows that I'm a patient investor. This spec play is basing constructively above the $2 level. The real fireworks should begin if price can break above the $2.29 area. As long as the stock can remain above $2, I like the stock. The MACD line is starting to curl upward, which should eventually lead to price increases. Could be a high flyer on breakout. Keep on watch list. Note: The recent offering was oversubscribed at $3.33

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Ameri Holdings Inc (NASDAQ: AMRH) could be on the verge of making a strong move upwards. Stock closed 12.83% higher to 26c after basing over 1 month. Friday's rally was driven on higher-than-average-volume and positive money flow. MACD indicators are moving higher and on the verge of crossing the power zone. A break of 30c with force might give the stock room to 54c.

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Rewalk Robotics Ltd (NASDAQ: RWLK) was able to break through the 31c resistance level last week and sustained the move. I still holding my shares since 18c and will play the fill of the gap.

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VMware (NYSE: VMW) Keep an eye on this one, looks poised to break out and run higher.

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Infinera Corp. (NASDAQ: INFN) had a nice breakout with a pop of 76c to 5.16 or 17.27% on 7.5M shares, the biggest volume in a couple weeks. The heavy buying makes this an interesting situation and one worth watching on Monday. Nice gap here to fill.

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Axsome Therapeutics Inc (NASDAQ: AXSM) hit a new 52 week high and closed above resistance. As long as the stock stays above the $9 level it is still safe to hold on to your positions.

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: AMRH, APHA, AXSM, INFN, INPX, NAKD, NBEV, NIO, ONTX, RWLK, TLRY, VMW

20:39 | Permalink |

AC Investor Blog

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

Sunday, September 15, 2019

Here are a Few Trade Ideas for next week

Saturday, July 20, 2019

A few chart setups for the coming days and trading rules

Wednesday, July 03, 2019

Friday July 5th watchlist

Saturday, June 22, 2019

Chart setups on my watchlist for next week

Saturday, February 02, 2019

12 Technical Setups for the coming week

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