AC Investor Blog

Some stocks of my watchlist for next week

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Aptevo Therapeutics Inc (NASDAQ:APVO) We need to be realistic and understand the huge risk of a long position following a massive rally of 266% without significant news that could justify the move. From a technical standpoint, the stock is very overbought which means the risk to go lower is higher than going up. I shorted the stock at $63 yesterday after-hours for the coming week. The stock will fall sooner than later. After all, nothing can go up forever.

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Bio-Path Holdings Inc (NASDAQ:BPTH) is also an interesting small bio cap that I like a lot with a very small float and I would not be surprised with a APVO type-move. The recent euphoria on APVO could fuel shares of the small bio caps with a low float. BPTH is not just a low float accumulation play, it has a lot more going for it. The company is currently in an ongoing Phase 2 clinical trial of prexigebersen in combination with decitabine as a treatment for acute myeloid leukemia (AML), and this new patent protects the unique therapy combination and supports our ongoing investment in this program to bring a new treatment option to patients with AML who have limited treatment options. From a technical standpoint, daily MACD has triggered a buy although in negative territory, but everytime MACD Crossed bullish in history it rallied 30-40%. I still feel a push to $4.5 - $5 is entirely possible. This was a $6 stock less than 3 weeks ago and once it starts to squeeze higher there is really no telling exactly where it will go. One thing we do know, shorts need to buy back stock to profit from their bets, which only adds fuel to the fire. Definitely on watch next week. Note: Company will host a live conference call and audio webcast on Friday, November 13, 2020 at 8:30 a.m. ET to report financial results for the third quarter ended September 30, 2020 and to provide a business overview. Im long.

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Boxlight Corp (NASDAQ:BOXL) displayed some relative strength on Friday. If it breaks this trendline tomorrow, that would be a long trade with a stop at 1.29

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I've covered Arca Biopharma Inc (NASDAQ:ABIO) in the past and it appears the stock is getting attention again. It needs to break through $4.15 to really get going. A break of that figure brings $5.50 into focus. This stock looks like a great bottom type play. The company announced last week some news and a very strong cash position that could mark the turning point after a drop from over $22 a share in May to current levels. I think ABIO will post a nice rally from here and deserves being added to your watchlist.

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Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) has just 1.8M shares float, that's the reason i'm holding for next week. The APVO move will scare some shorts here. The stock is in the process of bottoming and I expect a pop above $2.72 at some point in the coming days. Technical indicators are showing signs of turning around with MACD curling up and RSI in oversold levels. On watch.

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Globus Maritime Ltd (NASDAQ:GLBS) classic accumulation before a run. I believe that the bullish accumulation witnessed during Friday's session is a prelude to what traders could see next week. As I always say, follow the money, and right now there is some nice money flowing into this stock. The daily indicators are also showing signs of reversal. If it can break through the 7.80 resistance level, the stock should have a nice move on the upside.

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Another shipper name showing signs of a bottom. TOP Ships (NASDAQ:TOPS) still needs to take out the EMA20 at $1.08. Although the stock did not perform well this year, we finally start to see some signals of rebound as the daily technical chart shows positive momentum is back. I'd look to the $1.08 level moving as the next buy point. If it passes that, then we have room to run to next resistance at $1.31 then 1.75 (gap zone). Let’s keep an eye on it.

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Pixelworks, Inc. (NASDAQ:PXLW) The strong bounce off the $2 level and the very bullish candle looks pretty promising for longs next week. A break of 2.55 would confirm continuation of the up move with a stop loss located at 2.16

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Digital Ally, Inc. (NASDAQ:DGLY) Still watching this stock, especially after Friday's action. The 3.19 level needs to be broken as resistance for some momentum to pick up.

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: ABIO, APVO, BOXL, BPTH, DGLY, GLBS, PXLW, TOPS, UUU

20:24 | Permalink |

Some of my favorite chart setups for next week

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Boxlight Corp (NASDAQ:BOXL) Coiling up here. Long and will add on break of the 1.85 level. Daily technical indicators are turning bullish. MACD has crossed above its signal line in the negative zone and RSI is in the neutral zone, but showing a bit of upward momentum. The Chaikin Money Flow indicator turned positive, which is a good sign. To technically confirm a bottom reversal pattern, the stock needs to cross convincingly above its intermediate top of 1.86 touched in the week ending on August 28. Keep on watch.

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Esports Entertainment Group Inc (NASDAQ:GMBL) on my swing long list. The stock showed buying strength all week. Volume is starting to pick up again and there could be a decent short covering if it clears next week the $4.50 level. Plus, the MACD is showing a positive divergence and the RSI is back above the 50 reading forcing me to think the possibility of a trend reversal. Watch the stock closely next week.

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Bigcommerce Holdings, Inc. (NASDAQ:BIGC) is forming an inverted head-and-shoulders pattern in the four-hour timeframe in a possible signal for a positive trend reversal, whose neckline is placed at 90 and an upside breakout of this neckline will take the stock to 110 in the near future. Further, the close of BIGC above the short-term EMAs is adding to this bullish scenario. Long setup on watch.

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I feel Arca Biopharma Inc (NASDAQ:ABIO) stock is well overdue for a counter trend rally, and I think it could see $6 or better if investor interest comes back into this stock. It was trading over $8.5 a share less than three months ago. From a technical standpoint, MACD has generated a bullish alert and the RSI is in the oversold region, showing some signs of reversal. Let's see if it breaks over $4.65 in the coming sessions (Downtrend line). NOTE: Insiders have been buying lately.

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Sorrento Therapeutics Inc (NASDAQ:SRNE) is forming higher highs and higher lows creating a new ascending channel on the 1-hour chart, that is the sign of a bullish trend. As long as it holds the lower band of the ascending channel, the short-term bullish scenario is intact.

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Myovant Sciences Ltd (NYSE:MYOV) is showing signs of a short-term bottom and possible bullish reversal. Hourly RSI is improving and buy volume is increasing slowly. Watch the break of the 14.49 level next week to confirm a possible reversal trend. I took a big long position last week. I will play the bounce.

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India Globalization Capital, Inc. (NYSEAMERICAN:IGC) has corrected well recently and has been consolidating at around 1-1.15 levels for quite some time gathering potential to move up. The stock is showing signs of a bounce back to rise up further with positive bias and with the RSI and MACD Hist displaying positive divergences. A break of $1.15 with force might give room to $1.60 next week.

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Oblong Inc (NYSEAMERICAN:OBLG) momentum is coming back to this name. Daily MACD and RSI look promising. This could indicate the potential for some upside gains in the very near-term. If it breaks the 2.50 area, the stock could easily retest its 2.80 resistance area.

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What a year it has been so far. Congrats to all the twitter followers who moved on opportunities the entire year. Westwater Resources Inc (NASDAQ:WWR) was another fantastic call. I brought this stock to your attention last month in the $1.7's and closed yesterday at 4.42 after hitting a 52-week high of 5.62 during the day. Congrats to those that took full advantage of WWR alert. As i always say, buy low, sell high. The shooting star candle on the hourly chart in the final hour could be a sign of imminent pullback. Stock has a strong support around the 3.60's.

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Shares of Precipio Inc (NASDAQ:PRPO) are starting to heat up again and are worth watching. If volume can pick up I believe this stock can break through resistance at $2.73 and re-test/break its recent highs around $3

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: ABIO, BIGC, BOXL, GMBL, MYOV, OBLG, SRNE, WWR

17:47 | Permalink |

Some trade ideas for the week ahead

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Tesla, Inc. (NASDAQ:TSLA) Yesterday I took a long position around the 379 level and was expecting to hold into next week but exited with a small profit in after-hours because the company was excluded from a group of companies being added to the S&P 500, something that honeslty i think nobody was expecting. From a technical standpoint, the stock has been in a beautiful up-channel over the last five months, nearly quintupling its value since mid-March. However, in the short-term, we are seeing some bearish signs which indicate that the price is set to retrace if bulls don't manage the situation. The stock has a strong support around the 350 area (lower band of the up-channel), only a break of this key support will indicate the willingness of sellers to continue the decline to 300. For this scenario to develop, a noticeable weakness of the Tech sector is required. I will continue to trade it accordingly.

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Blackberry (NYSE:BB) On a daily timeframe, it looks like the stock could be forming a cup-and-handle pattern nearing the end of completion. After it broke higher late in May, it spiked higher to a high of 5.84 then the stock pulled back to near the 4.50 level and began a rounding bottom formation back towards the highs. Last week the stock retraced back to near the 4.80 and appears to be currently putting in the handle portion of the cup-and-handle formation. Typically, the stock goes up when the handle is formed. Let's wait and see. The pattern is only confirmed once the price breaches the neckline. Long setup on watch.

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Cemtrex Inc (NASDAQ:CETX) is currently forming a large falling wedge pattern indicated by the two non parallel yellow lines in the chart above, with resistance at about $1.25 while the accumulation line is rising. Watch closely on CETX because a breakout from the current chart pattern will trigger a big move for the stock. As I tweeted yesterday, I took a long position on Friday.

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CBAK Energy Technology Inc (NASDAQ:CBAT) had a big day on Friday, testing resistance in a move up 6c, or 9.7%, to 72c on decent volume. Tesla's Battery Day event will take place on September 22, so it's certainly expected that volume and price will rise into the event. Watch for a break of the 75c level to further accelerate prices. I have been accumulating the stock in anticipation.

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Boxlight Corp (NASDAQ:BOXL) has had a hard time with this resistance, but may be ready to move higher. The level which the stock may have trouble moving above, is at $1.86. It would need to break above that level to run to $2.68. MACD is curling up and the Slow stochastic is showing positive crossover, signs that support the bullish expectations. The reversal seems especially likely to continue. Long setup on watch.

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Polar Power Inc (NASDAQ:POLA) is another stock I'm watching closely. It can pop big time on any positive news. After drifting for weeks, the stock price seems to have found a bottom. Friday’s high was $1.67, which is resistance for the follow through move. If the stock can break through this level next week, expect to see heavy volume drive the stock higher. Next major resistance lies at 2.05

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Co-Diagnostics Inc (NASDAQ:CODX) was also added to my watchlist as a possible bottom bounce-play. The daily technical chart is displaying positive divergences on momentum indicators and with the stock in extreme oversold territory, these are the perfect conditions for a short-term rally. On watch.

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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: BB, BOXL, CBAT, CETX, CODX, POLA, TSLA

13:56 | Permalink |

Several charts to watch this coming week - Happy Easter Everyone !!

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Are you seeing what im seeing? Dropcar Inc (NASDAQ: DCAR) sees accumulation and signs of major breakout opportunity. The stock has been showing higher lows on the hourly chart and the accumulation indicator is clearly showing that money has been moving into the stock.Plus, MACD has a bullish crossover. Technically speaking, it has several favorable indicators and chart patterns suggesting an increase in shares could be on the horizon in the near-term. Traders could look for a move above $2.2 as a signal that the stock could take off and surge to higher levels targeting the $2.8-3 area. I entered long last week.

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YY Inc (NASDAQ: YY) Stalking. Consolidation at highs continues, 88.78 resistance higher. As long as the stock holds above the rising EMA20 support level the intermediate-term picture should remain positive.

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Renren (NYSE: RENN) Nice jump out of the bull flag on Friday. Technicals look good. Watch for a good follow through day next week.

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Riot Blockchain Inc (NASDAQ: RIOT) had another very productive day as we saw gains of over 10%. Watch for a break of 5.42 to continue the uptrend. The medium-term trend is bullish as the stock is above 20/50/200-day exp moving averages with all moving averages going up. You should watch this stock closely on Monday.

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AMD (NASDAQ: AMD) It will be very interesting to see how this chart resolves next week. This stock has been basing in a very tight consolidation pattern and has been doing it on low volume, a buy now may be a bit early as a lot of resistance but a breakout would potentially move to the 30 level. Watch the break of the pattern and play accordingly.

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Daxor Corporation (NYSEAMERICAN: DXR) The chart indicates that stock seems to be stabilizing and has formed a falling wedge pattern, which is bullish. The volume has been quite modest for this name, and looking at the extreme oversold readings of the RSI could power a rally that I think is coming. The stock will now be facing some resistance around $10. A close above this area will be very bullish and send the stock to next resistance area at $13

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Deere & Company (NYSE: DE) Nice breakout on expanding volume last week. The uptrend is intact and signals further bullishness on this stock. I think it is a buy on any dip with a stop loss placed under the breakout point.

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Blackberry (NYSE: BB) has been pulling back in recent times and is currently trading sideways while MACD Hist is displaying an interesting positive divergence. I still think this is a nice LONG setup. The stock continues to play with its rising 50-day exponential moving average line. From the other hand, and fundamentally speaking this company continues to advance new technologies and is set to become a major force in autonomous driving, dont doubt about that. For me, John Chen is one of the most smart businessman that i know. Im long and strong on Blackberry since a long time.

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Zynga (NASDAQ: ZNGA) bounced strongly Thursday on heavy volume putting bulls back in the game. The stock is building a nice Bullish pattern under resistance at $5.55. Watch for a break through that price level to indicate that another push higher will occur.

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J. C. Penney (NYSE: JCP) is still holding up well here and the stock has a chance to move higher. Looking at the positive divergence on MACD Hist stock may break this resistance line soon. Definitely on watch.

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Boxlight Corp (NASDAQ: BOXL) has been is on a remarkable run and it does not looks like the trend will change soon. On Thursday, the stock broke out above a key resistance area making a four month high on volume above average. The high of the day was $4.45, which is resistance for the continuation move.

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OUTLOOK THERAPEUTICS, INC. (NASDAQ: OTLK) Need to see further upside confirmation tomorrow before adding to current position. The stock completely changed my point of view closing the week well positioned to start a bounce. Chart is displaying a buy divergence on the upside. So, next week keep an eye on OTLK for a possible breakout over $1.69 on a close basis.

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, BB, BOXL, DCAR, DE, DXR, JCP, OTLK, RENN, RIOT, YY, ZNGA

22:13 | Permalink |

Interesting chart setups to watch next week

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Bio-Path Holdings Inc (NASDAQ: BPTH) should be on your radar screen Monday following news the company submitted a request for withdrawal of registration statement. Closed in after hours at $22.09. From a technical standpoint, the stock has been forming a nice base above the rising EMA50 marked at yellow. If this pattern is resolved on the upside, the stock can potentially test $25 levels. The short-term support is seen at $14.76 levels.

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Sphere 3D Corp (NASDAQ: ANY) Low float stocks continue to get lots of attention and im trying to play all the best setups, keeping my focus on these small names, because the returns could be tremendous in this enviroment but always using tight stops. I've seen low float stocks run on nothing, no news, no material events so I would not be surprised to see also ANY get a nice push based on this great bottom pattern. The stock looks ready to break out some point soon, and with the low float it won't take much buying pressure to get this stock back to where it belongs. After trading below its EMA50 ANY has broken out of that moving average placed on its daily candlestick charts in yesterday’s trade on volume. Im accumulating with a stop loss being placed below 2.4 and going forward we can expect a target of 3.4-4.

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Midatech Pharma (NASDAQ: MTP) has retraced most of its recent gains and looks ready to renew its bullish momentum. MTP is currently forming a falling wedge pattern, indicated by the two unparallel black lines in the chart above, while MACD Hist is displaying a positive divergence. That said, the stock should attempt to knock out the upper trendline of the falling wedge pattern and rally towards $3.5 as its primary upside target.

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New Age Beverages Corp (NASDAQ: NBEV) has been pulling back forming a potential bull flag formation on hourly and finding support in the 5.5 levels. Pullbacks are a normal part of an uptrend after a huge rally. This suggests that stock should resume to the upside as far as dips stay above 5.30. Lets see how this plays out next week.

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Atossa Genetics Inc (NASDAQ: ATOS) could get hot in the coming days and weeks. The continue to trade sideways, but I am seeing a lot of strong bullish signals, such as the Golden cross and the huge accumulation on the A/D indicator. Add this stock to your watchlist.

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Parsley Energy Inc (NYSE: PE) broke out of a consolidation that has been building for about 3 months on volume, and based on one market theory the stock is set to soar higher. Next major resistance lies at 21.37

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Second Sight Medical Products Inc (NASDAQ: EYES) after a nice pullback on Thursday the stock is back on the upswing. There could be more big gains on the way for this stock, and its worthy of getting recognizition on the watchlist. Next pivot resistance point is 1.2

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Navios Maritime Holdings Inc. (NYSE: NM) has come out of no where the last few sessions gaining nearly 80% in just two weeks. Volume and price is on the rise and that means you should be adding this name to your watchlist. As I always say, follow the smart money. I will be waiting for a pullback to enter.

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Boxlight Corp (NASDAQ: BOXL) closed up 17 cents and could see an even bigger move if the buyers continue to come into this stock. BOXL has a low float, a great story, and in my view, should be trading well over $4 in the short term. On 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: ANY, ATOS, BOXL, BPTH, EYES, MTP, NBEV, NM, PE

09:45 | Permalink |

Some interesting chart setups to watch next week

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Nio Inc (NYSE: NIO) Keep on watch, this one may breakout of its downtrend line next week. If it breaks and close above the $7 level again, the stock price should be ripe for a long trade. All technicals are looking positive now and the short-term outlook continues to look bullish.

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Nice Breakout on volume. (Alerted on twitter at 1.55). Friday’s high of $1.67 is resistance for the next upside move. If the stock can break through this level, we should see another move to the upside. Euroseas Ltd. (NASDAQ: ESEA) hit a high of 3.87 in the month of October, so keep it on your radar for the next few days.

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Real Goods Solar, Inc. (NASDAQ: RGSE) On my watch list. The stock showed relative strength on Friday compared to rest of market, following a report of insider activity. CEO and Director purchased a total of 250000 shares last week. 49c is pretty much the pivot here. If the stock closes above this key level next week, momentum traders are likely to send the stock up to 72c again.

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Pyxis Tankers Inc (NASDAQ: PXS) rallied hard Friday on heavy volume. If it clears back over 2.40, may have some good upside.

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Novelion Therapeutics Inc (NASDAQ: NVLN) has been trading heavy volumes recently and continue to impress with another show of strength. Could move toward $2.35 area if it breaks and closes above the declining 50-day EMA (at 1.88). Momentum picking up with MACD climbing and RSI rising. Watch for continuation. Stop 1.46 (just in case).

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Adding LM Funding America Inc (NASDAQ: LMFA) to my watchlist. Nice gap to fill if it can break through $2.1 price level. Long set-up on watch. A positive divergence on MACD Histogram could be a sign that prices will soon begin to rise.

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Boxlight Corp (NASDAQ: BOXL) broke out of its long-term downtrend line last week and surged considerably higher amidst impressive buying pressure. I'm going to keep an eye on it and see how it reacts next week. The outlook is now positive and a move to 4-5 appears likely.

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I keep watching Twitter (NYSE: TWTR) waiting for this stock to break out of its Bullish consolidation. Go long on a close above 35.12

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: BOXL, ESEA, LMFA, NIO, NVLN, PXS, RGSE, TWTR

19:24 | Permalink |

AC Investor Blog

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

Saturday, November 07, 2020

Some stocks of my watchlist for next week

Saturday, October 03, 2020

Some of my favorite chart setups for next week

Saturday, September 05, 2020

Some trade ideas for the week ahead

Friday, April 19, 2019

Several charts to watch this coming week - Happy Easter Everyone !!

Saturday, April 13, 2019

Interesting chart setups to watch next week

Saturday, November 10, 2018

Some interesting chart setups to watch next week

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