AC Investor Blog

My “Trade Ideas Special” edition for the last week of 2020

Dearest Readers,

I hope you have had a great Christmas holiday and that you enjoyed the break. I want to thank you for all the kind messages you sent me over the past days. I do my best to read them all, even if I can't respond to each one. It's really nice to have your support. Thank you so much for 100000 followers on StockTwits and 82000 on Twitter, I never thought I'd hit that number so I'm super grateful !!!

2020 has been a successful year for the blog with some great wins for my readers. I look forward to another great year in 2021 with more amazing profit opportunities.

I personally wanted to wish everyone a Happy and Healthy New Year. Thank you for your support throughout 2020 and I look forward to sharing, meeting and working with more of you in 2021. Enjoy some great bubbly at midnight and please drink with responsibility. May you and your loved ones have a joyful 2021.

Here are some Trade ideas for the last week of the year.

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I re-entered last week on Fubotv Inc (NYSE:FUBO) around 44.35 for another swing trade. Short term momentum hit extremely oversold on Thursday, with a very slight positive divergence. Watch out for a cross above the $45 horizontal line to go long targeting the Gap zone abv $50. I respect what analysts say but the charts are my guide. I heard a lot of downgrades and short theories regarding BLNK valuation around $22 levels and take a look at the stock now....same happened with Tesla and Amazon. If you are a chartist like me, this is a pretty simple chart to read. You should be able to just look at it and make a determination as to whether it's a trade or not, given the indicators available. The time will tell us if I was wrong or not. I have no problem admitting I made a wrong call.

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TD Holdings Inc (NASDAQ:GLG) compelling positive daily technical divergences remain in place. I'm looking for a run to $2.30. Technically, the short term outlook has turned better after holding well above the $1.60 level, underpinned by improving technical readings of its daily charts. Additionally, the chart shows a MACD crossover, a bullish sign. Patience will play a big role with this stock. Patience is difficult in this market but can also pay off handsomely.

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Oriental Culture Holding Ltd (NASDAQ:OCG) dropped from over $25 a share to $5.4's in a few day's time. This recent IPO stock is now oversold near its major support and we've all seen how quickly it can head higher when the buyers come. If you haven't added this stock to your watch list, now is the time. This stock may be ripe for a bounce next week following the recent weakness.

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Marathon Patent Group Inc (NASDAQ:MARA) closed on Thursday at $10.92 a share and looks poised, at some point to rebound. Obviously, the short term trend is down right now, but finding the right spot to get in before the bounce can be a lucrative move. Looking at this hourly chart, what makes me think we are close to a bottom is the last four candles have seen lower volume (less selling), and less price range (stabilization). Plus, the stock has back tested successfully the broken yellow horizontal trend line resistance and is bouncing off of it. I think this bodes well for a bounce from current levels. Long setup on watch.

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Marin Software Inc (NASDAQ:MRIN) Plenty of upside room remains. I think this stock has found support around the $1.90-$2.05 range and looks poised to post a bounce from here. I could see a 25-40% possible bounce up to $2.8 - $3 a share if it can pass the resistance at $2.20 (downtrend line). The daily MACD is in buy mode while RSI is positive. This is a liquid stock with over 600k shares in daily volume. Its 52 week high is over $5.70

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ShiftPixy Inc (NASDAQ:PIXY) This low float play is beginning to make a move higher and looks like it is gonna squeeze some shorts here. Volume starts to pick up. Nearest resistance for the stock is at $2.61 EMA50. If this level is crossed and the stock price is able to sustain above this level, then it might go to $3-3.08

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Social Capital Hedosophia Hldg Corp III (NYSE:IPOC) Getting the explosion I called over a month ago. Enjoy the profits bulls !! My bullish view will remain intact, but due to its overbought technical indicators, near-term consolidation or such kind of small pullback cannot be ruled out. On the lower side, initially the stock will find support at 14.26 and 13.36 levels.

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Camber Energy Inc (NYSEAMERICAN:CEI) You know, sometimes hitting a winner in the penny market can be so effortless, and when it happens, you gotta celebrate a little bit !!! On 17th of December I told you all about the recent accumulation that I have been seeing on CEI, letting you know that a big rally might be in the cards. Well, on Thursday the stock gained a quick and easy 100% for those of you who were paying attention. Most traders close up shop for the week on Wednesday nights and head out for beers with their friends. The real traders, like YOU stick around on Thursday and make that extra weekend cash! So congrats for being a WINNER on CEI. What a great Christmas present it was !!! Keep an eye on MOXC for a potential type-move move soon.

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The Walt Disney Company (NYSE:DIS) The price is trending higher but within a range inside a bullish pennant formation. A consolidation at the highs is usually a pause before the stock breaks out on the upper side. A move past 179.45 with strong volumes will confirm this and will mean higher levels for the stock and a good trading opportunity on the long side. Long setup on watch.

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Sangamo Therapeutics Inc (NASDAQ:SGMO) has been in a consolidation phase in the past two sessions and if the stock is able to move past the strong resistance of 18.64 with good volumes, then it will mean higher levels for the stock. The relative strength line is exhibiting a small negative divergence, which is usually a bearish sign, but in this particular case could be considered a typical move after a huge rally. The MACD indicator for the stock is still above its trigger line. A bullish breakout abv 18.64 would imply a continuation of the recent upbeat momentum, with $20 the pattern target on the buyers’ radar.

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Biocept Inc (NASDAQ:BIOC) dont miss the break of this pattern. This cancer play should resume the upside. The MACD just triggered a buy signal. The trading volumes remain bullish as we continue to see rising volumes when the stock is moving higher and the trading volumes fall when the stock drops. BIOC will move quickly, so keep it on your screen next week.

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: BIOC, CEI, DIS, FUBO, GLG, IPOC, MARA, MRIN, OCG, PIXY, SGMO

17:33 | Permalink |

Here are some trade ideas for the coming week

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Biocept Inc (NASDAQ:BIOC) seems to be in a good short-term bullish momentum. Key resistance is now located at 60c. A break above this level will confirm the bullish trend, and the following uptrend will take the price up to 80c zone. The accumulation/distribution line is heading upward and rising showing there is growing buying interest in this small bio cap. In addition, the Relative Strength Index is also moving higher, which is a sign of growing strength in the stock. Also the MACD is giving a positive indication. Possible breakout play next week.

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Applied DNA Sciences Inc (NASDAQ:APDN) Last week the stock finally filled the gap from the start of May. On Friday, the stock rose 17 cents to 7.21, closing once again above the rising 4h EMA200 indicating potential further upside recovery testing 7.92 (4h EMA100). A Break above that area could trigger further bullish momentum testing 8.59 and 9.2 region. Short-term technical indicators are improving and MACD is about to trigger a buy signal while RSI is turning up from extreme oversold conditions. Let's see if next week the stock will breakout this descending channel and continue uptrend to 9

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Plus Therapeutics Inc (NASDAQ:PSTV) has been wide-ranging over the past week after a strong pullback. Former runner could get going again over 2. There are signs of a reversal as the MACD histogram is starting to reverse and the RSI has bottomed.

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Evofem Biosciences Inc (NASDAQ:EVFM) is very oversold which usually implies a bull run is coming. The stock was over 6.8 last month and closed Friday at 2.90. We could see a sharp rally out of these oversold conditions. I took a long position.

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Cocrystal Pharma Inc (NASDAQ:COCP) The major resistance has been broken in this chart. The price can move up to 1.65-1.8 in the short-term. The technical daily charts are showing positive signs of further strength. Now that the stock is above this horizontal resistance line more buyers should be coming.

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Adial Pharmaceuticals Inc (NASDAQ:ADIL) former runner, basing nicely here. Could pop again. Resistance stays at 1.58. Once the stock breaks through resistance, we should see strong volume as the stock will breakout and move higher. Keep watching the stock.

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Genius Brands International Inc (NASDAQ:GNUS) A sharp recovery rally was seen on Friday after it broke the falling wedge pattern at $4 levels. For the coming week, as long as prices hold, the support of 4 levels could see upside rallies towards 4.55 followed by 4.8 or even higher to 5.5 levels. From the technical 30m chart, both MACD and RSI show bullish signs. SL should be placed at 3.79

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Bilibili Inc (NASDAQ:BILI) seems to be forming an ascending triangle pattern on its daily chart. This technical pattern has been developing since mid-May. By measuring the height of the triangle, at its thickest point, this pattern presents a 44 possible price target. Only a close on volume above the resistance at 36.47 can validate this pattern. Long setup on watch.

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Just one more push to change the trend. Perspecta (NYSE:PRSP) was one of the winners on Friday, as the stock closed up $4.12 or 19.56% on the day with high volumes. From a technical standpoint, the stock is in a short-term Bull Market with share price above all key EMAs. Breakout at 25.69 Watch for the next leg up

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Mersana Therapeutics Inc (NASDAQ:MRSN) flagging in the 20 area. Watch for a move above 21 on volume to break the stock out.

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NanoViricides Inc (NYSEAMERICAN:NNVC) is close to a breakout above 7.44. The stock price action has remained under its daily 50-day exp moving average for some time, however a positive divergence on MACD histogram indicates demand at lower levels which could support a pullback rally. A break above 7.44 would be very bullish.

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Pyxis Tankers Inc (NASDAQ:PXS) I will watch this descending channel for an upside break. The price can move up to 1.15-1.25 in the 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: ADIL, APDN, BILI, BIOC, COCP, EVFM, GNUS, MRSN, NNVC, PRSP, PSTV, PXS

19:33 | Permalink |

Top Swing Trade Ideas on my WL for the coming week

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Sigma Labs Inc. Common Stock (NASDAQ:SGLB) is a stock that could head higher from Friday's close. SGLB is in the process of bottoming and I expect a pop above $2.52 very soon. A breakout over this key resistance level with strong volume would send this flying targeting the pivot zone around $4 As i tweeted on Friday i took a long position. All key momentum indicators are starting to move north from oversold and MACD the more bullish as is ready to cross up zero and divergence. There looks to be good upside potential, so watch the stock very closely next week.

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Taronis Technologies Inc (NASDAQ:TRNX) Congratulations to those who took full advantage of Thursday’s pick, TRNX. It delivered nearly 75% potential gains and closed up near the day’s high on a monster volume. On Friday, the stock continued to trade up and traded all the way up to 50c before pulling back to close at 34c. Looking back, I see that I sold too early but my strategy/objective was met so I can't be greedy. We are taking about penny stocks when discipline and strategy needs to be combined. Penny stocks are risky, but if you know what you are doing, have the knowledge and expertise, and exercise caution when necessary as was the case, you stand to gain large return on relatively small investments, so a good strategy and discipline is needed to make sure you gain profits, thats it !! Technically, the stock seems to be forming a descending channel on the 4h chart, only a break and close above this channel, could endorse further bullish actions. Good luck, play smart with discipline.

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Astrotech Corporation (NASDAQ:ASTC) is starting to turn back up again after a healthy pullback and looks right on the verge of a strong breakout. If it breaks the 2.8 level on volume next week, the move could be powerful and the following uptrend will take price up to the recent highs around $4 Money flow remains positive which is bullish near term.

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Comstock Holding Companies Inc (NASDAQ:CHCI) has a very interesting daily technical chart as the stock looks to be ready for another upside move. All indicators are looking Bullish. Keep an eye for a possible breakout over 2.40 We all know how quickly this stock can move higher. I think we can see $2.80 rather quickly. I took a long position on Friday.

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Hepion Pharmaceuticals Inc (NASDAQ:HEPA) could have significant upside based on the recent CEO interview "People should pay attention to Hepion because this is a company that is truly undervalued". On the technical side, the stock has been consolidating its big run from 1 to 2.86 in a large falling wedge formation. This is a bullish trend continuation chart pattern, indicating the continuation of an existing bullish trend after a small pause. The 1.35-1.4 area seems to be a strong support, so as long as the stock stays above that point there could be more upside ahead. If it does rally, I would look for it to at least rise back up to March highs around the $2.8 level.

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NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) is displaying a screaming buy divergence on the upside. A close above 88c will impart bullishness and will help the stock move to the $1.15 area.

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Boeing (NYSE:BA) Friday's action suggested that there is more room for the uptrend to grow on stock. Yesterday’s high was $154, which is resistance for the follow through move next week. If the stock does break resistance, expect to see another upside move. Short-term is bullish as the stock is now on top of its major short-term EMAs. So, keep an eye on it.

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Intelsat (NYSE:I) is in the process of bottoming and I expect a pop above $1.50 very soon. The option traders were active in this name buying a lot of calls (May $2).

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Ageagle Aerial Systems Inc (NYSEAMERICAN:UAVS) Im giving readers a stock that I have alerted in the past and had several times double digit gains in just one day. I rarely alert the same play more than once in a short period of time but UAVS is set up so perfectly for a big bounce that I cant resist. As you could see by the daily technical chart above, the stock has the potential to witness a significant uptick. Nearest resistance for the stock is at 60c If this level is crossed and the stock is able to sustain above this level, then it might go to 80c. Be sure to get it on your radars.

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Congratulations to those who took action on BIOC yesterday when i alerted at 39c on twitter. It performed AMAZING in the final hour to say the least. Stock needs to break the 48c level next week for a potential gap fill. To receive my FREE alerts before the crowd, follow me 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: ASTC, BA, BIOC, CHCI, HEPA, I, NBY, SGLB, TRNX, UAVS

17:40 | Permalink |

8 stocks to watch in the coming week - Happy Easter !!

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SG Blocks Inc (NASDAQ:SGBX) has been mired in a tight range between the EMA50 (yellow line) and the EMA200 (green line) on 30m chart, after pulling back from its highs from a few days ago. Could this stock be ready to resume its rally next week? The longer its stays in this range, the better the case can be made for the bulls. From a technical standpoint, based on this time-frame, I think the current price range is an attractive entry for the impending 20-30% run that lies ahead. As i always say, i play what i see. If the breakout happens, could be another dollar up wave at least as a technical projection. Lets see if that happens on Monday. Im long.

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IMAC Holdings Inc (NASDAQ:IMAC) has also another good looking chart and is setting up nicely for a big run. All technical momentum indicators are in bullish configuration as the outlook remains positive. Get your ticket for the move higher.

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SONNET BioTherapeutics (NASDAQ:SONN) caught my attention on Thursday because of the price action and the large falling wedge that i usually love to play. Plus, it is starting to show some of a bottoming process, with a bullish divergence forming on the MACD Histogram. The stock has held its current range meaning we could be seeing at least a temporary bottom. If the stock does indeed bounce and break the upper line of the falling wedge to the upside located around 5.4 we could see a significant short squeeze.

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Predictive Oncology Inc (NASDAQ:POAI) The bottom looks to be in, and the risk of more bloodshed is a lot lower than it was weeks, or even days ago. The stock seems to be forming a bottoming process and there are reasons for that. Hourly MACD is making higher lows while the price action is testing the bottoms indicating that the downmoves is less strong each time. The break and close above the 1.48 area next week will constitute the trigger for the reversal.

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Eros International plc (NYSE:EROS) broke out yesterday above its downtrend line that has been in effect since January. The breakout looks real good and i sense significantly more upside at this stage. Also MACD shows positive momentum. There could be good upside in EROS, so watch the stock closely next week.

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BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) is coiling up for a breakout move.

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Biocept Inc (NASDAQ:BIOC) is displaying upside momentum again and is poised to move higher from these levels. Let’s see whether the stock can gather enough momentum to break through 39c next week. If the Bulls are able to push through this level, there will be another rally towards 55c. The uptrend continuation scenario is slightly more likely at the moment. Shareholders may remain invested with a stop-loss at 25c.

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Myovant Sciences Ltd (NYSE:MYOV) jumped 85 cents or 9.71%, Thursday, on solid volume and finished at its highest close in more than five weeks. The stock closed at 9.6, above the key resistance area at 9.27, confirming the breakout. The close was also near the high of the day, which is another good sign and an indication of possible continuation of the current bullish momentum. In the coming sessions, we could see extension of this new momentum towards 11 area.

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: BCRX, BIOC, EROS, IMAC, MYOV, POAI, SGBX, SONN

13:54 | Permalink |

Some stocks worth watching next week

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Viking Therapeutics Inc (NASDAQ: VKTX) jumped 99 cents, or 7.44% yesterday, breaking key resistance at 13.76 as well as the upper line of descending channel. Friday's action suggests we could see continuation of the trend in the next couple of days toward the next resistance level around the 15.5 area.

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Micron Technology, Inc. (NASDAQ: MU) Friday's hammer candle suggests a possible short-term bounce imho to $40's. Positive divergences showing up on indicators also confirm that we'll see some upside movement very soon. Obviously the trend is clearly down right now, but finding the right spot to get in before the bounce can be a lucrative move. I entered again before the close. Lets see what next week will bring us.

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Emerge Energy Services LP (NYSE: EMES) has found support around the $2.22-$2.30 range and looks poised to post a significant bounce from here. It is very oversold and I think the next rally could be a sustainable one for at least the short term. This was a stock that was trading at over $10 a share in January. The high volume on Friday in a RED tape could signal that investors believe the stock is extremely undervalued at current levels or shorts are covering. We could see a 30-50% possible bounce up to $3.25 - $3.5 a share if it can get passed the resistance at $2.52

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Advanced Micro Devices, Inc. (NASDAQ: AMD) is hitting a major support with a very oversold RSI. I think the risk of continued downside at current levels, while obviously present, is a lot less than the possibility of a sharp oversold rally or bounce. I believe there is profit potential from these prices. On watch.

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InspireMD Inc (NYSEAMERICAN: NSPR) I still think this stock will post a sharp rally from current levels. This was a $1 stock in June and at $.25, in my opinion, and also based on the accumulation line (still rising: under accumulation) there is a compelling risk/reward scenario. Honestly, NSPR is in the midst of that dramatic bounce, one that could see it hit $.48 or more a share in short-term. Note: low-priced "penny stocks" is always risky, so be careful with the size.

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Pain Therapeutics, Inc. (NASDAQ: PTIE) the chart looks great again for this stock and I think its poised to hit $1.44/1.5 short-term as the selling has abated and the new uptrend should bring new interest into the stock.

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With a conference scheduled for next week Biocept Inc (NASDAQ: BIOC) is a stock I think deserves some watching over the coming sessions for a potential short-term reversal.

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ENDRA Life Sciences Inc (NASDAQ: NDRA) The last few days has seen increased volume and price. This is worth watching and possibly stepping in for a trade at some point. This stock has been flying under the radar of many traders and deserves a look going forward.

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Proteostasis Therapeutics Inc (NASDAQ: PTI) Good long setup, if it takes out the 6.3-6.45 zone on volume next week.

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NII Holdings Inc (NASDAQ: NIHD) appears ready for a breakout above key resistance at 6.44 area. If breakout occurs, I expect to see the NIHD move toward the 7-7.2 area.

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Rambus Inc. (NASDAQ: RMBS) looks like a great bottom type play. Technical chart is displaying several positive divergences. I think RMBS will post a nice rally from here and deserves being added to your watchlist.

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: AMD, BIOC, EMES, MU, NDRA, NIHD, NSPR, PTI, PTIE, RMBS, VKTX

18:33 | Permalink |

AC Investor Blog

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

Saturday, December 26, 2020

My “Trade Ideas Special” edition for the last week of 2020

Saturday, June 13, 2020

Here are some trade ideas for the coming week

Saturday, April 18, 2020

Top Swing Trade Ideas on my WL for the coming week

Friday, April 10, 2020

8 stocks to watch in the coming week - Happy Easter !!

Saturday, October 27, 2018

Some stocks worth watching next week

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