AC Investor Blog

Stocks to Watch for September 23, 2019

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ArQule, Inc. (NASDAQ:ARQL) which has lost more than 30% of its market capitalisation in the last two months, shows signs of reversal of the downtrend. A decisive break and close above 8.5 will confirm the reversal pattern on the charts and take the stock higher to 9.5 or even 9.83

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Shares of ImmunoGen, Inc. (NASDAQ:IMGN) surged more than 5 percent on Friday accompanied by a strong volume expansion. $3.47 is an important resistance that once broken will set off a huge run up in stock, the 1st target would be $4.50 (closing gap).

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Small cap stock traders are always on the look-out for a low float / Reverse split stock that has fallen so far that it is well over due for a bounce. These type of stocks almost always rebound sharply. With just 600K float, I think Viveve Medical (NASDAQ:VIVE) has found support around the $5.8-$6.10 range and looks poised to post a bounce from here. We could see a 30-50% possible bounce up to $7.55 - $8.80 a share if it can get passed the resistance at $6.72. This is a liquid stock with over $300k in daily volume. It 52 week high is over $370 LOL !!! I took a long position on Friday. NOTE: There is a conference on Tuesday, which will be definitely a good catalyst for a bounce.

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Valeritas Holdings Inc (NASDAQ:VLRX) Friday's hammer formation could indicate a possible trend reversal is coming. A breakout above $1.71 would constitute a technical entry for the short term trader looking for a quick trade. Another stock that i bought for the coming week. Company is trading below cash levels and there is an event on Tuesday: Valeritas Announces Presentation of Preclinical h-Patch™ CBD Study at CannMed Conference.

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BridgeBio Pharma Inc (NASDAQ:BBIO) put a nice reversal candle Friday on volume. Watch for continuation over 26.43

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Livongo Health Inc (NASDAQ:LVGO) Possible trend reversal. A high volume move through the 24 price level would be buyable.

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Eros International plc (NYSE:EROS) pulled back strongly on Friday after a strong rally this week. This corrective price action is necessary to alleviate the overbought conditions in order to set the stage for an impulse wave to follow. As long as the support zone holds, the uptrend remains intact.

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ANCHIANO THERAP/S ADR (NASDAQ:ANCN) this low float still on top of my watchlist. It's showing signs of significant share accumulation. I expect the share price to begin its ascent back to recent highs of $2.82 before ultimately breaking and surpassing $3.77

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: ANCN, ARQL, BBIO, EROS, IMGN, LVGO, VIVE, VLRX

20:07 | Permalink |

Top Trade Ideas for next week

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Unisys Corporation (NYSE:UIS) broke its major resistance yesterday on heavy volume and continues to work its way higher. From the technical daily chart both KD and MACD are showing bullish sign as KD is rising while MACD is crossing up. Investors should consider buying any pullback moving forward with a stop around its rising 50-DAY ema.

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Twitter Inc (NYSE: TWTR) which has been building momentum since the beginning of June, broke out of its bullish flag/consolidation on Friday. The stock is now positioned for a move to new highs if the broader sector holds up.

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Bilibili Inc (NASDAQ: BILI) bounced nicely yesterday from the bottom of their possible falling wedge pattern. A break and close above the 13.50 level next week could move the stock significantly higher as it attempts to break out of this pattern in place since mid-June highs. On watch.

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ArQule, Inc. (NASDAQ: ARQL) traced out a nice setup and the upside breakout has a lot of power IMHO. Volume surged and this breakout looks like it is here to stay. There looks to be good upside in ARQL, so keep it on your radar the next few days.

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Bridgeline Digital Inc (NASDAQ: BLIN) broke out Friday and traded nearly 3x normal daily volume. The stock has the potential to make a big run on Monday, so keep a close eye on BLIN and don’t miss the trade.

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Co-Diagnostics Inc (NASDAQ: CODX) caught my attention on Friday. The signal to buy was given today when the $4 level was taken out. This breakout suggests a possible move to $4.75 initialy. Long setup on watch.

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Black Box Corporation (NASDAQ: BBOX) has already recouped its recent losses and looks poised to break resistance at $2.30. The near-term outlook stays cautious till the stock closes conclusively above this level. Short-term traders can hold their longs with a stop at $1.8

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Achieve Life Sciences Inc (NASDAQ: ACHV) is back at the bottom area and could provide another great swing trade. I bought shares on Friday. Stop loss is a close below 3.28 and im looking for a move up to 4.2 at least.

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Ekso Bionics Holdings Inc (NASDAQ: EKSO) looks like is close to attempting another breakout. This strength is confirmed by price movement as well as two key momentum indicators. MACD and RSI show buy signal as MACD is above signal line and RSI above its 50% level. I think the market is waiting for fresh news (new contracts with OEMs) to define the trend, however if the stock breaks above $2.2, then that is a bullish sign as higher prices.

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VirnetX Holding Corporation (NYSEAMERICAN: VHC) can pop big time on any positive news. After a big price-volume (V-bounce) surge in May, the stock has consolidated in the last two months in the 3/3.6 trading range, which looks like it's ready to be broken. The consolidation and compression that has been going on in the last weeks is very healthy. The technical daily chart still showing a bullish bias. If a breakout occurs I expect to see the stock in the 4.3/4.5 range short-term.

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: ACHV, ARQL, BBOX, BILI, BLIN, CODX, EKSO, TWTR, UIS, VHC

16:35 | Permalink |

My Watchlist for Monday, July 2

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Synthetic Biologics Inc (NYSEAMERICAN: SYN) is positioned to make a solid uptick next week. Friday's volume was the highest in about past 2-month and the rally was driven by the fact that Mizuho has reported that Synthetic Biologics IBS Treatment May Be 'Interesting' For Valeant. Considering the recent increase in volume, money flow and accumulation, I believe SYN could make a solid move higher given both its technical factors and rumors. It closed at 28c (+17%) in after-hours. The stock has light resistance going forward with the next resistance pivot poin at 38c. My system gave me a buy alert and I bought the stock on friday. Keep in mind, this is a penny stock so play it like a penny stock.

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In the past few days we have noticed that (Pedevco Corp NYSEAMERICAN: PED) has been on a consistent bullish uptick in market valuation and closed yesterday after-hours at 2.63 (+15%), so I think its worth watching Monday. Immediate resistances 2.72 and 3.09

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Kadmon Holdings Inc (NYSE: KDMN) has experienced growth in market valuation in the past few weeks and it looks ripe for an upward continuation. Recently, the stock has surpassed its major resistance level which gives it, a better opportunity to provide investors with continued gains. Moreover, along with the recent market valuation, the RSI has been bullish, rising for the past several weeks. While the stock is heading upwards, we are noticing support at each trading level and a huge accumulation on charts, which is telling us that we could see a further upswing in valuation.

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Seeing if (CASI Pharmaceuticals Inc NASDAQ: CASI) stock will continue its upward move on Wednesday. Worth adding to your watchlist.

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ArQule, Inc. (NASDAQ: ARQL) displayed some impressive relative strength Friday with a 9% gain on solid volume. I think we will see some nice follow through Monday. Next major resistance lies at 5.95

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Northern Oil & Gas, Inc. (NYSEAMERICAN: NOG) finally closed above the pivot high last week on volume. This daily technical set-up is showing us a tremendous opportunity to potentially acquire the stock while the momentum is on the upswing.

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Shares of Ekso Bionics Holdings Inc (NASDAQ: EKSO) are under accumulation at current levels as investors become familiar with this company's potential. The stock should embark on an accelerated uptrend after successfully backtesting the short-term EMAs. Might attempt to breakout above the $1.83 level Monday and if it succeed we should expect a strong move to the upside. On watch.

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Applied Optoelectronics Inc (NASDAQ: AAOI) Price broke out of flag formation on daily. Continuation watch.

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: AAOI, ARQL, CASI, EKSO, KDMN, NOG, PED, SYN

15:58 | Permalink |

AC Investor Blog

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

Saturday, September 21, 2019

Stocks to Watch for September 23, 2019

Saturday, July 07, 2018

Top Trade Ideas for next week

Saturday, June 30, 2018

My Watchlist for Monday, July 2

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