AC Investor Blog

Tuesday Stocks To Watch

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Immunic Inc (NASDAQ: IMUX) is finally starting to break out. The stock hit bottom in the low $8.60's and has started to work its way higher. On Friday, it was up over 21% on a breakout type move. The stock has a history of vertical rallies, as shown on the daily chart above and if this rally does come to fruition a quick 20-35% gain, possibly much more, is not out of the question. The chart also looks to be turning higher. I think short-term it will break back over $13 and could test $15

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Workhorse Group Inc (NASDAQ: WKHS) looks to be turning the corner on the chart after falling steadily over the last few weeks. Seeing if it will continue its upward move tomorrow. Worth adding to your watchlist. Could squeeze over 1.85

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Outlook Therapeutics Inc (NASDAQ: OTLK) I covered this stock on my blog and twitter as a potential bottom play this month. The stock is up over 200% since I brought it to my readers. It was one of the winners on Friday, as the stock closed up 83 cents on the day with high volumes. From a technical standpoint, the stock still in a short-term Bull Market with share price above 9, 13 and 20 EMAs. Watch the break of 3.35 for next leg up.

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Aphria Inc (NYSE: APHA) is displaying a new upside momentum on chart and looks poised to move higher from these levels. Expect an initial run up to its declining 50-day exp moving average at $7.87

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New Age Beverages Corp (NASDAQ: NBEV) I like the idea of getting long here with a stop below the rising 200-day EMA. The MACD is making a bullish crossover and the RSI is also rising. Could pop over 5.65

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Arrowhead Pharmaceuticals Inc (NASDAQ: ARWR) broke resistance to new highs Friday. The stock traded heavy volume as it hit a high of $24.30. This high is the next resistance for Tuesday’s continuation move.

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InspireMD Inc (NYSEAMERICAN: NSPR) Bottom traders are attacking again. There are some signs that the stock is gaining some momentum in recent days. It is well oversold and a bull move is probable for the coming sessions. The technical chart shows some divergences on MACD and RSI. Keep an eye on NSPR and be prepared for this upcoming move.

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Roku (NASDAQ: ROKU) has traded in impressive fashion over the last several trading sessions. For now, buying dips are working well. Traders with short-term perspective can hold the stock as long as it trades above its uptrending 9-day exponential moving average.

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: APHA, ARWR, IMUX, NBEV, NSPR, OTLK, ROKU, WKHS

19:55 | 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 |

Stocks to watch in the coming Week and best wishes for a successful 2019

Dearest Readers,

First of all, please accept my apologies for the missing update of the blog over the last weeks, but in this period of the year my mind has been a little more focused on the family. Secondly, tomorrow i will not trade because im going to Lisbon to spend New Year's Eve. Lastly, I would like to thank you for your cooperation and support during 2018, with a high increase of followers on Stocktwits and a great increase in the number of followers on twitter. Wishing to all of you the best of the best for the new year.

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Apple Inc. (NASDAQ: AAPL) seems to be positioned to begin another bounce. Since the beginning of the month, the price action has been forming a descending channel on the hourly chart and a breakout is needed for further direction to be divined. Technically, the break to the upside is a strong indication that prices are headed higher. The standard MACD on the daily chart has been in divergence mode since last week and the price may rally towards the 18 December high of 167.53. Contrariwise, the price may fall to test the 24 December low of 146.59

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Qualstar Corporation (NASDAQ: QBAK) at breakout point. Solid company with great earnings and announced recently a significant stock repurchase program ($2.4 million). Stock recovered nicely last week and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $5.25. The stock at least can hit the 100 day moving average at $6.46 cents per share. This company has no debt and a strong balance sheet. I love the risk/reward so long as it holds above the $4.60 area and expect to see another strong upside move very soon. Watch to see what it does here.

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Canopy Growth Corp (NYSE: CGC) In the short-term, I identify an opportunity for an upside recovery in this name, which remains to be confirmed. We have not had a clear capitulation to stop the cuurent bearish trend in progress but the major support around $25 which we arrived a few days ago have held, it managed to stop the decline. Technical daily indicators are showing some signs of recovery. MACD is poised for a positive crossover while its RSI is slowly picking up. Plus, on daily chart above a bullish pattern can be identified (falling wedge). On watch.

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I've mentioned ENDRA Life Sciences Inc (NASDAQ: NDRA) for the bulls out there. I stand by this position. The stock made a nice bounce last week and looks ready to continue imho. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D while MACD is also crossing up. The nearest trend is in favour of Bulls and NDRA has room to go higher. If the stock can break through $1.85, we should see strong volume drive the stock higher. Pattern: Possible double bottom. Stop 1.50

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Maxar Technologies Ltd (NYSE: MAXR) stock bounced strongly on decent volume and a rally to over $13 is highly expected. This makes it a stock to watch for technical traders.

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The near-term trend in Nio Inc (NYSE: NIO) remains mildly bullish, however, overall price is trading in a large sideways trading range. Long-term resistance stays at $8.35, which is a big area that the stock needs to break in the coming days/weeks. The technical daily chart is showing a possible bottom here. The %K line has just crossed on top over %D line showing buy signal as RSI is at oversold level. Immediate resistance 6.72

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Aphria Inc (NYSE: APHA) looks ripe for an explosive move upwards again while takeover rumors continue to spread. The stock had a bullish momentum on Friday, gaining more than 12% and closing near the highs of the session. With the bulls pushing shares higher, I expect the stock to see a continuation of high volume and price appreciation next week. Technically Speaking, this stock is showing signs of an upcoming breakout. I believe the stock is gaining momentum and could keep running !! Watch the stock closely.

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The area comprehended between 52c and 56c represents a heavy resistance for Globalstar, Inc. (NYSEAMERICAN: GSAT). At this stage, the stock is extended for additional positions, and is near the overbought zone. I really like the chart but at this level I would wait for a pull back before putting any cash to work. A close above 56c on volume would have positive implications and could drive the stock much higher. Keep GSAT on your radar.

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Sangamo Therapeutics Inc (NASDAQ: SGMO) I continue to watch this long-term downtrend line, if it can break up through there, its worth it for me to buy for a trade. This is a stock to keep an eye on in the future. On the downside, there continues to be solid support around $9.50. Short-term technical indicators are improving and MACD histogram bars are slowly picking up while RSI is neutral around 50. Keep an eye on it.

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The selloff in United States Steel Corporation (NYSE: X) has stalled. The medium--term trend is down, but this is a good spot to speculate on an oversold bounce. The stock has recovered from its its 52-week low of $17.08 hit on Wednesday and closed Friday at $18.25. The current rally should at least push the stock to $20 per share where the major resistance is. X needs to close above this level to indicate a continuation of the rally. If this rally fails, there’s a new downside risk.

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, APHA, CGC, GSAT, MAXR, NDRA, NIO, QBAK, SGMO, X

15:02 | Permalink |

AC Investor Blog

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

Monday, May 27, 2019

Tuesday Stocks To Watch

Saturday, February 02, 2019

12 Technical Setups for the coming week

Sunday, December 30, 2018

Stocks to watch in the coming Week and best wishes for a successful 2019

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