AC Investor Blog

Top Stock Trade Ideas for the coming week

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Canopy Growth Corporation (NYSE:CGC) closed up $1.40, or more than 8.7%, on Friday to 17.42. The move broke the stock out of a triple-top short-term resistance level that contained the up move since late june. A move above 18 next week, would confirm the breakout and point next to a target zone of 18.65 to 19.90. Technical indicators are turning bullish. MACD has moved up to touch its sliding signal line in negative territory and daily RSI has crossed above its 50% level. Long setup on watch.

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Ageagle Aerial Systems Inc (NYSEAMERICAN:UAVS) jumped 39 cents or 25% on heavy volume, to close at 1.94 on Friday. That was the highest close for the stock since the beginning of June. Strong volumes and sharp volatility in the past few trading sessions indicate investor uncertainty, which often precedes a trend change. If the stock can break Friday's high on volume, I think the stock could shoot up to $2.50 There looks to be good upside potential, so watch the stock very closely next week.

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Sundance Energy Inc (NASDAQ:SNDE) is on your watch-lists yet? The stock closed at $2.7 on Friday up 10% and it appears that the momentum is just beginning. Shares broke the large falling wedge pattern on the 4h chart that had been in place since the middle of June on solid volume. The indicators are turning up supporting a further climb with a short-term technical price target of $3.25

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IZEA Worldwide Inc (NASDAQ:IZEA) Good long setup if it takes out the 1.16 price level on volume. I took a long position on Friday.

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Creative Realities Inc (NASDAQ:CREX) good relative strength compared to the sector. Look for a break above $2.50 to enter longs. MACD and RSI are still inside their respective oversold zones, though all two have formed rounding bottom patterns that may lead to an upward bounce in stock price. CREX will move quickly, so keep it on your screen next week.

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Cinedigm Corp (NASDAQ:CIDM) Long set-up on watch. Let's see if it breaks this downtrend line next week. Technical indicators on the 4h chart are in the process of correcting oversold conditions. I took a long position on Friday.

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Interpace Biosciences Inc (NASDAQ:IDXG) is building a nice optimistic formation under resistance at $5.40. Watch for a break through that price level to indicate that another push higher will occur. HCW has maintained the buy rating on the stock with a $11 price target recently. Long setup on watch.

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After a slow start on Friday, Heat Biologics Inc (NASDAQ:HTBX) saw its high of the day at 1.06 and showing strong bid support. Looks like it is getting ready for another breakout soon. Good upside volume on the daily chart. Technical indicators are bullish. Long setup on watch.

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BOQI International Medical Inc (NASDAQ:BIMI) is back on my watchlist for a possible bounce to immediate resistance at 2.30. Technical indicators are turning bullish. MACD is forming a bullish rounding bottom pattern crossing above its signal line in the negative zone. RSI has moved above its 30% level. A clear break and daily close above 2.08 could trigger further short-term bullish pressure testing 2.30 area.

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Moderna Therapeutics (NASDAQ:MRNA) I will be looking for a break of this sideway trading range with a general long side favored eyeing target at 75. Stock is trading above all three EMAs and technical indicators are turning bullish.

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CEI remains on watch for a quick reversal. It has been holding this range for the last two sessions and I feel the next move will be higher. This stock has a history of strong bounces every time it reaches extreme oversold levels. If things would repeat the price could potentially double. That's a penny stock, so play accordingly.

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Williams-Sonoma (NYSE:WSM) also looks great. The stock has been on a nice uptrend recently and could be ready to breakout again. Waiting for a break and closing above the 88.27 level for a long position.

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: BIMI, CEI, CGC, CIDM, CREX, HTBX, IDXG, IZEA, MRNA, SNDE, UAVS, WSM

22:08 | Permalink |

Swing trade ideas to watch for the last week of June

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Ocean Bio-Chem, Inc. (NASDAQ:OBCI) What a year it has been so far! Many of you may remember that I brought this stock to your attention on April 4th when it was trading at 4.30. I was optimistic after the company upgraded its revenue and earnings guidance for 2020. Last week the stock hit a new 52-week high of 16.19, as investors continue to be attracted by the disinfectant coronavirus plays. From a technical standpoint, the bull run needs to work out overbought conditions and form a bull flag. The underlying bias remains with the bulls while above rising 9-day EMA at 10.87. Congrats to those who have been trading smart and winning.

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Sonoma Pharmaceuticals Inc (NASDAQ:SNOA) is another disinfectant play like OBCI that looks ready to post a big move. An Australian regulator recently gave the green light for the wound-care-product company to label its disinfectant and sanitizer Nanocyn as effective against covid-19. The stock has a small float and the company's ambitious turnaround plans should result in a higher price per share going forward. This stock was at $19 in May and fell to its current levels. With the dramatic increase of coronavirus cases, I would not be surprised to see this stock trade back to $10 or better in the short term. Watch this downtrend line next week, the eventual breakout could be powerful.

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The strong move in AIM ImmunoTech Inc (NYSEAMERICAN:AIM) shares was something that I predicted and tweeted the potential trend reversal on Wednesday. If you were following my official twitter/Stocktwits account you would have gotten the tweet when the stock was trading at 2.27. It ended the day at $2.71 on Friday, gaining more than 8%. If you jumped in and booked your profits, congratulations. For now, if the breakout holds then so does a bullish outlook.

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Jiayin Group Inc (NASDAQ:JFIN) support remains strong and this stock wants to trade higher from here. I think the patient investor will be rewarded. I'm still long.

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SuperCom Ltd. Ordinary Shares (NASDAQ:SPCB) is seen finding decent support near the confluence of 4h rising 50EMA and major horizontal support line (previous resistance area). I expect share price to resume its up trend after recent consolidation and head towards $2 in the short term. The 4h RSI has sailed above its 50% level during the recent consolidation highlighting strength in the underlying trend. Plus, the 4h MACD histogram is also turning up for the last three days. This indicates that the current consolidation is approaching maturity and the stock is set to resume upward momentum. Long setup on watch.

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Vaxart (NASDAQ:VXRT) I have no interest in shorting this stock, but it needs to fill the gap before it moves higher again. The recent rally was very steep and this pullback was needed to undo the near parabolic move stock made on its way up to new 52-week highs. I'm looking to enter long at about 6.2-6.5 and have some entries set up, but if it doesn't get down there, I will use the break of the upper line of the falling wedge pattern on the 15m chart to enter long. Definitely on watch next week.

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SG Blocks Inc (NASDAQ:SGBX) surged late in the session on Friday following a company tweet "Brooklyn-based company repurposes shipping containers for pop-up COVID-19 testing labs" Perhaps we should get a press release next week. The stock has been basing around the $2.75 level for the past two months and looks right on the cusp on a big breakout to the upside. The upward momentum is picking up steam. Long setup on watch.

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Blink Charging Co (NASDAQ:BLNK) is in a bullish formation. A break through this 3.05 area could accelerate it higher.

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BOQI International Medical Inc (NASDAQ:BIMI) price has been trading a very tight range for a few days. If it clears the key resistance level at 3.14 on volume the move may be powerful. Coronavirus angle. Im long

Thank you so much for those who helped me to reach 61000 followers on twitter !!!!

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: AIM, BIMI, BLNK, JFIN, OBCI, SGBX, SNOA, SPCB, VXRT

19:57 | Permalink |

Stocks to watch for the coming week, including coronavirus plays

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Co-Diagnostics, Inc. (CODX) surged 20.7% or 56 cents to $3.26 after the company announced yesterday the successful initial verification of its screening test designed to identify the presence of the novel coronavirus and the test will soon be ready for validation in and subsequent distribution to any appropriate venue across the globe. The technical indicators still indicate a bullish tone in short-term. The major support level is located at $2.6 and the resistance is still at $3.60 Above this key level, stock has resistances at 3.77 (January 2019 high) followed by 6.66 (2018 Highs).

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BOQI International Medical Inc (NASDAQ:BIMI) finally broke the trading range it had been into from many weeks on the upside and managed to closed above it which is a positive sign for stock. The next major resistance stays at $5.70 Daily technical indicators are turning bullish. MACD is rising above its signal line in positive territory and RSI has reached its overbought zone. Buyable on a pullback ot its pivot zone.

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ShiftPixy Inc (NASDAQ:PIXY) Do you remember this stock? The same i mentioned (Stocks to Watch for December 19, 2019) as a potential bottom play few days before the big run to $27.5 now what? The stock is back to its prior levels and i started buying again. The bounce off the recent sell-off lows $7.50 could potentially be the start of an even higher move. I think this bodes well for another big bounce from current levels. First target $12

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CounterPath, Corp. (NASDAQ:CPAH) nice pullback on very low volume yesterday while MACD continues displaying a positive divergence. Added some for next leg up. Keep in mind, The company has partnered recently with Honeywell to create Smart Talk (the software solution enables workers to improve collaboration in several places including Hospitals). With more countries suspending travel to and from China due to the coronavirus problem, these stocks should be definitely in your radar screen next week. With nearly 20 years of experience, CounterPath is an industry leader in VoIP applications and has more than 20 million activations worldwide. From a technical standpoint, daily technical indicators have corrected oversold conditions, and are turning bullish now displaying positive divergences. With almost 15% of the float short, positive divergences, a basing chart pattern and a potential hot sector, these are the ingredients for a short squeeze.

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Novavax, Inc. (NASDAQ:NVAX) is getting ready for a breakout of the upper line of the large bull flag. Buy point would be on the day it blows through $8 on heavy volume.

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Cleveland BioLabs, Inc. (NASDAQ:CBLI) rallied hard Friday on heavy volume. If it clears back over 4.65, may have some good upside. SL 3.32

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Seneca Biopharma Inc (NASDAQ:SNCA) I have been following this stock for a few days now and surprisingly it showed some strength yesterday on volume in a depressed market. On the momentum front I'm seeing some positive divergences in several key momentum indicators, but this are not confirmed yet, as prices have not shown a confirmed reversal. Momentum oscillators are neutral to positive. The stock needs to break Friday’s high of $1.22 to expect a strong rally at this point. This stock was trading over $4 a share two weeks ago. Im long.

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Genprex Inc (NASDAQ:GNPX) is starting to make a move to break through the top of its range. This is a good stock to watch and once it breaks through $2 on a close basis the stock should move.

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Give Microbot Medical Inc (NASDAQ:MBOT) a close watch for a big bounce. Notice how the MACD on daily chart is starting to curl up, the grey histogram bars are starting to turn back to zero, showing that the recent downtrend is changing in the opposite direction. Plus, the stock has reached a major support level, where it bottomed out several times before. This low float could see a big bounce in the coming sessions.

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Ibio Inc (NYSEAMERICAN:IBIO) wait for the break of the box. An upside break of the trading range would signal a continuation of the rally from the November lows. Breakout watch over 34c

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: BIMI, CBLI, CODX, CPAH, GNPX, IBIO, MBOT, NVAX, PIXY, SNCA

15:23 | Permalink |

Some trade ideas for the last trading days of the year

Hello everyone,

Thank you to all who have been with me this far and congratulations to everyone on taking advantage of all the recent gainers. Always remember to use sound money management and do your DD when participating in any security exchanges. The small cap market can be extremely rewarding and that is why i love when certain opportunities arise. But these stocks can also sometimes move rapidly and be very volatile, so never risking any more than you could afford to lose is a rule to never be forgotten. Thats the golden rule to be successful.

I would like also to take this opportunity to wish a Happy New Year to all of you and to your families! I hope 2020 will be a year filled with good health, happiness, freedom from war, violence and success for you and your families. Enjoy reading the last post of 2019 and get ready for another potential amazing year. See you all in January. Take care.

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Thermogenesis Holdings Inc (NASDAQ:THMO) ended the week with a bang on Friday. The stock exploded from a low of 2.72 to a high of $4.81 for a nice intraday move of 60%. Congratulations to all my readers and twitter followers that played last week blog alert and pocketed some nice gains.

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For those of you that will be celebrating this weekend the gains on THMO, I would like to present this chart of another low float stock that could see a nice bounce in the week ahead. EVINE Live (NASDAQ:IMBI) The stock has given a trend-line breakout on the daily chart which indicates a reversal of the previous bearish trend, which confirms the bull trend in the short-term heading for immediate target of 4.85-5.25 levels. Oscillators like Slow Sto, MACD and RSI too supports the new bullish momentum, due to its positive divergences.

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It looks like Obalon Therapeutics Inc (NASDAQ:OBLN) is starting to turn back up and indicators are giving the first bullish signs. On Friday it closed just slightly below its 50-day EMA, which if broken could accelerate the stock toward its September highs around the 2.35 area. A volatility squeeze seems eminent. You want to watch the stock closely as OBLN can move quickly and you want to be ready for this move once it happens. Long setup on watch.

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Kodak (NYSE:KODK) hit a new 52-week high Friday, trading as high as $4.07, before settling at a close of $3.83. The stock broke a pennant formation on volume and will be watching it on Monday, looking for a follow through move. As long as the stock stays above the rising EMA13, the short-term bullish scenario still intact. Technical chart shows very strong bullish sign.

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Sunworks Inc (NASDAQ:SUNW) Friday's candle closed back above the EMA13 with volume backed confirmation and I expect to see a continuation move next week. The daily technical indicators are reversing up and are advocating for a technical rebound.

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Cassava Sciences Inc (NASDAQ:SAVA) established a new 52-week high on Friday of 5.5, however in the afternoon stock retracted closing at $5.21. Technically speaking, the stock is showing some strength along with the momentum. Adding to my conviction is that the stock continues to trade above all the hourly exp moving averages and specially the ever critical 13-hourly EMA (it has been served nicely as support) which is now located at 4.57. The short-term bullish still intact as long as the stock remains above the 13-hourly EMA, but a tight stop loss should be used.

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McDonald's (NYSE:MCD) continued its short-term bullish momentum on Friday. The stock price is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening $199 is the level to watch for a breakout.

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BOQI International Medical Inc (NASDAQ:BIMI) closed the Friday session strong right near the high of the day. We all know what can happen with BIMI when it gets some momentum behind it. This is a stock to watch going forward.

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Fiverr (NYSE:FVRR) closed up 6.84% above the key resistance level of 24.86 in what may be the start of a trend reversal. I think this stock could be setting itself up for another nice run short term. Needs confirmation 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: BIMI, FVRR, IMBI, KODK, MCD, OBLN, SAVA, SUNW, THMO

20:17 | Permalink |

Swing trade ideas for the coming week

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CymaBay Therapeutics Inc (NASDAQ:CBAY) price broke out of a bottom/accumulation pattern accompanied by strong volume on Friday and is now trading in the gap zone. This break confirms a short term trend reversal and the beginning of new momentum. Watch next week the break of Friday's high for continuation.

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Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) finished higher on Friday after bouncing off the 1.49 area, a strong support region that may represent the short-term bottom. The volume is picking back up, the MACD is still rising and in good shape thus far. It seems like the stock is setting up to break out and has one more level to go, which is $2.18 Long setup on watch.

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Obalon Therapeutics Inc (NASDAQ:OBLN) is a clear breakout candidate, as resistance around $1.96 is under pressure. The chart shows a bullish sign. MACD lines are going up and RSI is rising above the neutral 50 level, buyers strength still persists. If the stock moves above this key resistance area it could rise till 2.35-2.5

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OpGen Inc (NASDAQ:OPGN) was added to my watchlist as a possible bottom bounce-play. The chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. Squeeze over 1.34

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NF Energy Saving Corp (NASDAQ:BIMI) is moving inside a rectangle area indicating consolidation after significant bullishr momentum. The stock needs to break from the range area to see clearer direction. A break above 3.70 could trigger further bullish momentum targeting 4.20 region, while a break/close below 3.4 could change the short-term trend, but this is not likely to happen. Keep an eye on BIMI next week. This China energy name has that look.

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Synlogic Inc (NASDAQ:SYBX) Although it seems like there is potential for a further drop, this pullback could be part of a healthy continuation of the medium-term bullish trend.

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Ekso Bionics Holdings Inc (NASDAQ:EKSO) starts showing buy signals again. The stock closed the week above its 20-day moving average, which is a very bullish sign. Although the stock didn't perform well this year, we start to see now some signals of rebound as the technical chart shows positive momentum is back. I'd look to the 61c level moving as the next buy point. If it passes that, then we have room to run to next resistance at 74c. Let’s keep an eye on EKSO

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Myovant Sciences Ltd (NYSE:MYOV) has been pulling back most of this month, so far, but that should provide a better entry for another run higher. Looking for a possible entry near 14

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Synaptics (NASDAQ:SYNA) broke through the highs set in November on strong volume accumulation and should continue to move. Buyable on a pullback to the pivot.

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Nio Inc (NYSE:NIO) has been in a bullish consolidation over the last 3 weeks and appears ready for another breakout. Keep on watch.

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First Majestic Silver (NYSE:AG) continues to sit in a consolidation range. At some point, the stock will breakout and I want to be there for this move. The major resistance stays at $11.55. Fresh long should be made only when the stock closes above this level with an up candle on volume. Long setup on watch.

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Akebia Therapeutics Inc (NASDAQ:AKBA) Flagging. Breakout watch over 6.56

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: AG, AKBA, BIMI, CBAY, EKSO, MTNB, MYOV, NIO, OBLN, OPGN, SYBX, SYNA

19:34 | Permalink |

AC Investor Blog

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

Saturday, July 11, 2020

Top Stock Trade Ideas for the coming week

Saturday, June 27, 2020

Swing trade ideas to watch for the last week of June

Saturday, February 01, 2020

Stocks to watch for the coming week, including coronavirus plays

Saturday, December 28, 2019

Some trade ideas for the last trading days of the year

Sunday, December 15, 2019

Swing trade ideas for the coming week

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