AC Investor Blog

Chart setups to keep an eye on next week

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Rewalk Robotics Ltd (NASDAQ: RWLK) is back in play. The stock was one of the winners on Friday, as the stock closed up $1.58 or 30.1% on the day. If the stock can break Friday’s high of $7.10, we should see a continuation move.

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Jaguar Health Inc (NASDAQ: JAGX) was added to my watchlist as a possible bottom bounce-play for next week. Fresh R/S play hitting extreme oversold conditions. Just 1M shares float right now. I took a small position but will increase on the break of 7.50 R/S plays are very HOT and the momentum here will start sooner or later. Timing is everything on these stocks.

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Auris Medical Holding Ltd (NASDAQ: EARS) is another R/S play that I am watching closely. If it clears resistance at $3.13 on volume, the move may be powerful.

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Novus Therapeutics Inc (NASDAQ: NVUS) i still holding. Big catalyst next week and a potential double bottom pattern on daily $2.5 is the first short-term target on a bounce. Crazy Friday after-hours trading basically on no news. Please read the meaning: SEC Form S-1 Definition

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Tilray Inc (NASDAQ: TLRY) has had a rough time over the past months, but Friday’s bounce could be the first move to recovery. Short-term indicators are starting to line up. The chart suggests that stock might find now resistance at $41.77 (declining EMA20). Only a close above this level would suggest further upside.

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Alibaba Group (NYSE: BABA) showing signs of bounce coming MACD cross. It is on the verge of breaking out and it could happen very soon. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls $156.11 break out watch.

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Blackberry (NYSE: BB) could be in the early stages of a technical breakout. Daily Momentum indicators are showing bullish signals supported by rising MACD and RSI on charts. The major resistance level for stock is located at $8.12 A close above would be very bullish. Keep it on your watch list going forward.

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Another great trading week for Workhorse Group Inc (NASDAQ: WKHS), however the buying pressure appears to have eased (see decreasing buying volume). Anyway, If the money continues to flow into this stock next week, you could expect more gains. Play it with 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: BABA, BB, EARS, JAGX, NVUS, RWLK, TLRY, WKHS

22:31 | Permalink |

My Watchlist for Monday, August 22

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Pandora Media Inc (NYSE:P) seems to have reversed from its short-term downtrend and could be starting a new uptrend. The daily technical chart shows that the stock has been exhibiting the bullish pattern of higher highs and high lows since early June. Let’s see whether the stock can gather enough momentum to break through the key $14.02 level next week.

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Cesca Therapeutics Inc (NASDAQ:KOOL) broke out of a base consolidation pattern on Hourly, as the stock closed up 28 cents on high volume. I will be watching it Monday for a continuation of this breakout. The short-term trend is still bullish as the stock is still on top of all EMAs. Other good news, the MACD is perking up and the ADX is moving up. I think the stock has room to go higher. If the stock can break Friday’s high of $4.23, we should see a strong follow through move. Next resistance levels are $4.40 and then $6.50

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QUALCOMM, Inc.(NASDAQ:QCOM) is trading a very tight range and should make a move soon. The stock is developing a bull flag and the breakout should be a nice one if it can hold up. Keep an eye on QCOM as it is starting to tick up. The stock is in a bull market and should continue to go up as both 100 day and 200 day exp moving averages are heading up. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls.

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First Solar, Inc. (NASDAQ:FSLR) From a technical standpoint, it looks like a bottom formation here. There are some signs of a possible bounce at this point due to oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through the $38.30 level. I started a long position.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) is also recovering. Resistance is formed at 6.24 and a potential break should open the door for further gains to 7. I remain bullish for now, the 5.6/5.66 area should hold any weakness. Worth watching going forward.

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EnteroMedics Inc (NASDAQ:ETRM) is a penny stock to watch. The stock is catching the attention of market players after the Monday news. The company announced the publication of 24 month results from the Company's ReCharge Clinical Study. The article, titled "Two-Year Outcomes of Vagal Nerve Blocking (vBloc) for the Treatment of Obesity in the ReCharge Trial," was published in Obesity Surgery. The authors ofthis article noted that the safety profile of vBloc Therapy remained favorable at 24 months compared to complications observed with conventional bariatric procedures such as sleeve gastrectomy and gastric bypass. ETRM rallied +12.7% to close at 21c and traded massive volume action of 22M shares. Its technical daily chart shows some bullish signals as +DI is now going up and the MACD just crossed above the signal line. With this daily chart bull signal its very possible that we could see a continuation next week. Something must be up with this stock, but I urge you not to buy a significant portion of your trading capital, because this is a penny stock, so be careful with the position size.

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Alibaba Group Holding Ltd (NYSE:BABA) watch for a possible breakout of current consolidation (pennant formation).

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Citigroup Inc (NYSE:C) could accelerate toward 47.43-47.62 zone if it breaks 46.80 resistance.

Now that the Stockal app has settled down somewhat, let me talk about an interesting new feature these guys are launching in early September. Stockal will soon give you the ability to add multiple brokerage accounts into Stockal to see a unified view of your overall portfolio. So if you have an account with, say, TD Ameritrade and another with Fidelity - you can bring both into Stockal to get all your stocks in one place. Once you do that, Stockal will keep an eye on ALL your stocks and alert you whenever any of those need your attention. For instance, if there is an analyst upgrade or downgrade on any of your stocks, Stockal will let you know. Or if a stock's sentiment falls or many people are discussing the stock for some reason, Stockal can inform you. Having all accounts together in one place is also good 'coz your total invested capital and its total net worth will be visible to you all the time, in one place! Plus if you want to sell one of your stocks, Stockal will be able to seamlessly place your order via the brokerage account that you have that particular stock in. Cool, right? Just download the iOS app so that you get this feature on the next update.

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: BABA, C, ETRM, FSLR, KOOL, P, QCOM, ZIOP

09:46 | Permalink |

Stocks to Watch for July 08, 2016

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Sodastream International Ltd (NASDAQ:SODA) The Aug $25 calls saw some activity today, suggesting someone is getting aggressive in the expectation of higher prices. The stock hit a high of $22.74 which is now resistance for Friday’s follow through move. Could make a nice move to the upside. A break of $22.74 with force might give the stock room to $24.38 (June 2015 highs).

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Relypsa Inc (NASDAQ:RLYP) is setting up for another run. The stock price is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. 19.74 is the level to watch for a breakout.

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XG Technology Inc (NASDAQ:XGTI) made a strong run in the last hour of the day, closing near highs. The stock is now back above the 9 day exp moving average which is bullish. From here we can expect a run to the $1.40 area and from there we could see an explosive upsurge to $1.74 and better. Let's keep an eye on her as i think momentum will pick up. Stop 82c

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MGT Capital Investments Inc. (NYSEMKT:MGT) continues to perform relatively well and appears poised to breakout. All major EMAs are rising with the stock trading above them. Breakout watch over 4.59

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Microvision, Inc. (NASDAQ:MVIS) looks about ready to pop. Daily technical chart shows a Bullish MACD crossover which indicate we have more room to the upside. If the stock price breaks and closes above the 1.85 level on volume, then we will know the next major move up is likely. I added today.

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Alibaba Group Holding Ltd (NYSE:BABA) Setting up to take out this resistance area to the upside. If it does so on high volume, one can go long with a tight stop at 77.31 (200EMA).

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: BABA, MVIS, RLYP, SODA, XGTI

21:58 | Permalink |

Stock chart setups for the week ahead

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Shares of Groupon Inc (NASDAQ:GRPN) soared 29% or 65 cents to 2.89 per share after reported fiscal 4Q15 results that shattered analyst forecasts, along with a favorable full year 2016 guidance. Friday's close was notable as the stock broke the downtrend line that has been in place since the early November. Plus, it also closed above the recent highs of 2.87. From the daily technical chart the long term trend is still weak as the stock is still below 200-day exponential moving average with the moving average keeps falling. However, it may be in a rally for the short-term as %K line has crossed on top over %D line, while the daily MACD indicator is on top over the signal line showing strength for the short-term. If momentum continues as I expect next week, the stock could break the psychological level of $3 and move higher. Note: According to a regulatory filing on Friday, Alibaba Group Holding Ltd. is now the 3rd largest Groupon shareholder with 33 million shares.

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Twitter Inc (NYSE:TWTR) is catching the attention of market players again after the earnings report. The stock had a strong session yesterday taking out the 9-day EMA on expanding volume and it seems to have broken a small falling wedge pattern. With the RSI rising off an oversold position and with MACD crossing over the signal line, the stock looks prime for a continuation of Friday's rally. An initial resistance can be found at 16.71. (20EMA).

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Celldex Therapeutics, Inc. (NASDAQ:CLDX) was on my bottom scan at $6.50 and hit a high of $7.33 Friday. A good example of why bottom plays can be very lucrative if you buy in at the right time. The short-term technical structure suggests continued bullish momentum. My initial target is under $7.80 and a stop-loss should be considered at $6.96.

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NantKwest, Inc. (NK) As can be seen the houly chart has been forming a bottom pattern with some smart money involvement over the past couple of days (Positive MACD divergence + OBV). Honestly and based on the hourly chart above I think NK will have a relief rally from current levels after a dramatic fall. As you can see it has held its current range, meaning we could be seeing at least a temporary bottom. This is a low volume stock so the price is likely to go up pretty fast. The stock surged in the final hour of trading on high volume, which could be another bullish factor for the week ahead.

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Rambus Inc. (NASDAQ:RMBS) As long as the stock holds above the $11.53 support level on a close basis, the intermediate-term picture should remain positive. Looking at the technical daily chart above, although the moving average still shows weakness as 50-day EMA is below 200-day EMA, positive momentum seems to be back as the stock is back above its major short-term EMAs. My bias remains neutral to bullish over the short to intermediate term.

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BlackBerry Ltd (NASDAQ:BBRY) Later in the afternoon of Friday, the company announced that signed two patent licensing agreements with Canon and IGT, which seems to be very good news. From a technical standpoint, the price is testing its support and is forming a potential double bottom reversal pattern, confirmed by the positive MACD divergence. It failed to make a lower low. On the upside, the immediate resistance is at 6.82 (declining 9EMA), followed by 7.14.

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VirnetX Holding Corporation (NYSEMKT:VHC) rose 3.52%to $7.05 on Friday, closing at its session highs after spiking in the last hour. VHC is starting to gain interest again and could see a rapid ascent as the accumulation chart shows a trend reversal to the upside. Momentum indicators remain in overbought territory but are not yet giving any selling signals. Only a break above the 7.60 resistance area could take the price higher and negate the short-term bearish view. I will watch the stock closely on Tuesday.

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: BABA, BBRY, CLDX, GRPN, NK, RMBS, TWTR, VHC

11:20 | Permalink |

Stocks to Watch for December 09, 2015

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Clovis Oncology Inc (NASDAQ:CLVS) A possible cup & handle bottom pattern may be forming on the daily charts. The technical chart shows bullish sign with MACD fast line line on top of MACD slow line and RSI rising. The neckline is located at the $35.76 level so a break above this resistance area could be enough to confirm a new uptrend. There could be good upside in CLVS so watch the stock closely.

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Whiting Petroleum Corp (NYSE:WLL) has achieved a small boost during Tuesday’s market as traders witnessed the extreme oversold position. I would like to see a break over today's high of 12.76 to indicate possible bounce is on deck. I feel that fundamentally, the stock looks attractive at least for the short term.

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Activision Blizzard, Inc. (NASDAQ:ATVI) hit a new 52-week high today, trading as high as $39.46, before settling at a close of $39.36. I'll be watching the stock on Wednesday, looking for a follow through move.

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Aduro BioTech Inc (NASDAQ:ADRO) Strong reversal candlestick on the daily chart on decent volume. Looks ready to test the recent highs.

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Alibaba Group Holding Ltd (NYSE:BABA) I'm still convinced that a breakout is coming sooner or later and the move will be powerful if it breaks out upwards.

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: ADRO, ATVI, BABA, CLVS, WLL

21:56 | Permalink |

Stocks to Watch for September 28, 2015

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The daily technical chart set-up for Prima Biomed Ltd. (NASDAQ:PBMD) appears to be near perfect to deliver gains next week. The stock closed up 16.83% Friday accompanied by strong volume and momentum, outperforming the entire sector. It has finally broken above downtrend line, closing at $1.39. Momentum is positive and RSI is in buy zone area. The stock's next major resistance would be its August highs at 1.80. Additionally, the company announced on Friday (Form 6-K) that Marc Voigt, CEO, will present an overview of the company at the LEERINK Partners 4th Annual Rare Disease Roundtable. This one-day event will be held at Le Parker Meridien in New York City on Wednesday, September 30, 2015. This could be a huge catalyst for next week. If momentum continues on Monday, we could have a nice winner on our hands.

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Vital Therapies Inc (NASDAQ:VTL) After setting a new week-high, the stock has encountered resistance around $5, a level which it should be able to beat given the cuurent strong upward trend. Keep your eyes on this one, it has a nice gap to fill.

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NVIDIA Corporation (NASDAQ:NVDA) Bullish rally stalled by resistance and market weakness. It needs to close above 23.85 to resume uptrend. Go long on the break of Friday’s high at 24.07. From a technical standpoint, indicators are bullish but giving mixed signals, which is usually during sideways consolidations.

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Juno Therapeutics Inc (NASDAQ:JUNO) stock found resistance at previous highs that was identified in my last post. Although it has fallen off sharply from this area, i think it is highly unlikely that the medium-term bullish move is over. Daily technical indicators are in neutral zones. MACD is moving sideways with a slight upward bias and RSI has crossed below its 50% level. I like the potential of this company.

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Alibaba Group Holding Ltd (NYSE:BABA) Looks like the stock may have put in a bottom, however it needs a close above the $61 level to signal the beginning of an upward trend. Positive MACD divergence is also visible. Stop $57.92.

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Semtech Corporation (NASDAQ:SMTC) The price action on Friday created a potential/temporary bottom in my opinion, because a candlestick reversal pattern called the "hammer" was formed on high volume. A rise above the 15.50 level should confirm the reversal which may push it back slightly above 16.22 level. On watch. Stop Friday's low.

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: BABA, JUNO, NVDA, PBMD, STMC, VTL

21:41 | Permalink |

Stocks to keep an eye on April 27, 2015

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Ibio Inc (NYSEMKT:IBIO) This Daily technical chart popped up on my scanner and I feel it's one that should make its way onto your watch-lists for next week. Yesterday the stock experienced the biggest volume since the February highs, signalling renewed interest from investors. You can see on the chart above by comparing the volume bar to the other volume bars. Large surges in volume like we had on Friday should always raise an eyebrow, since volume is one of leading indicators for technical analysis. I think we have here an explosive situation on our Hands! The daily technical chart is forming a large Cup and Handle pattern, which usually resolves in bullish fashion. A breakout would be confirmed when the price breaks above the level of 1.40. The momentum indicator is also rising, which adds further strength to the bullish evidences. Another sign of strength is that the stock has been sustaining above its key EMAs over the past few trading sessions and the RSI indicator is also rising in positive territory. Going forward, stock has immediate resistance at 1.12 followed by 1.32/1.40 levels. This stock needs to be at the top of your watch list.

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Sphere 3D Corp. (NASDAQ:ANY) released great news on Thursday 23th. The company announced that in collaboration with Microsoft will showcase its technologiesand product solutions during a joint global partner roadshow. Based on past history of stock performance and looking at the daily technical chart above I think we could see another strong rally in May testing and possibly breaking the 200-day EMA. MACD already gave the buy signal.

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On the daily technical chart above, the share price of ZIOPHARM Oncology Inc.(NASDAQ:ZIOP) has been trading sideways for the past couple of weeks after correcting from its all-time high of 14.40, which could be interpreted as a bull flag pullback. If price can get back over 12.13 then the bull case will win and we should look for a move to resistance at 14.

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BlackBerry Ltd (NASDAQ:BBRY) Closed the week above the downtrend line and looks like it will continue to run up. Looking at the daily technical chart above the stock has just entered into a short-term bull market as the price is on top of all major EMAs. Other technical indicator such as MACD, is rising and above 0 showing positive momentum, while RSI also show buy signal. If the stock breaks next resistance at 10.46, the share price is likely to move to the target zone of the 11.45-11.5 range.

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58 com Inc (NYSE:WUBA) stock is overextended and vulnerable to a sharp correction after a period of remarkable gains. The technical chart is forming a steep rising wedge, which combined with the overbought reading and the euphoric bullishness, could be the perfect storm for a strong correction. Be careful if you are long.

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500 com Ltd (NYSE:WBAI) Negative divergences are everywhere. If the MACD crosses it should trigger some sort of selling.

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Alibaba Group Holding Ltd (NYSE:BABA) displayed some impressive relative strength on Friday with a 2.7% gain on decent volume. $85.68 (50EMA) is a key to watch for this stock. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and RSI back above 50. The nearest trend is in favour of Bulls and price has room to go higher. If the stock can break through that level (50EMA), we should see strong volume drive the stock higher. On watch.

Have a peaceful weekend !!

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: ANY, BABA, BBRY, IBIO, WBAI, WUBA, ZIOP

08:43 | Permalink |

Stocks to Watch for December 12, 2014

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Alibaba Group Holding Ltd (NYSE:BABA) This technical chart shows a stock that is currently in a downtrend making a series of lower highs and lower lows. Basically, the stock needs to break the resistance at 108 to change the direction. Bears are in control.

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MOL Global Inc (NASDAQ:MOLG) is finally starting to break out of a base formation. The stock hit bottom in the low $2.50's and has started to work its way higher. Momentum indicators suggests that the stock price is gaining strength and can see some more upside till 3.9-4.12 levels. Stop 2.41

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Facebook Inc (NASDAQ:FB) saw continued buying pressure today and indicators are giving the first bullish signs. Lets see if we can get a move back over $79.

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Office Depot Inc (NASDAQ:ODP) had a strong move today as the stock set new 52-week highs. ODP hit a high of $7.74, which is resistance for the follow through move. The medium-term trend is bullish as the stock is above 50-day and 200-day EMAs with both moving averages going up. You should watch this stock closely on Friday.

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Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) showed buying strength all day. The stock is on the verge of breaking out of this consolidation and it could happen very soon.

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8x8, Inc. (NASDAQ:EGHT) Buy area when clears the upper line of this range $8.15 on heavy volume.

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: BABA, EGHT, FB, MOLG, ODP, VRTX

22:13 | Permalink |

AC Investor Blog

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

Saturday, June 08, 2019

Chart setups to keep an eye on next week

Saturday, August 20, 2016

My Watchlist for Monday, August 22

Thursday, July 07, 2016

Stocks to Watch for July 08, 2016

Saturday, February 13, 2016

Stock chart setups for the week ahead

Tuesday, December 08, 2015

Stocks to Watch for December 09, 2015

Saturday, September 26, 2015

Stocks to Watch for September 28, 2015

Saturday, April 25, 2015

Stocks to keep an eye on April 27, 2015

Thursday, December 11, 2014

Stocks to Watch for December 12, 2014

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