AC Investor Blog

Top Stock Trade Ideas for the coming week

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WOW is the word of the week. A huge congratulations to you, if you paid attention to my alert on OCGN from Tuesday at 6.84, as you are probably sitting on pretty hefty gains at the moment or booked a huge profit. The stock just doubled investors' money in merely a few days. Congratulations to all those who were able to witness this technical groundbreaking alert. For some reason my twitter account is growing incredibly and all of you are making a huge difference out there. I hope you are making some sweet profits along with me. This stuff is just too easy sometimes. Again, you guys are all awesome but be kind and don't ask me price targets, because we all have different investment strategies, and what is a good exit for me, could not be a good one for you, and vice versa. I give you all informations on the technical charts with pivot points for you to take decisions. Go treat yourselves to something special this weekend with this BIG profit ;) From a technical standpoint, this high flyer could see some profit taking in the coming week due to its extreme overbought conditions. In this scenario, I will use any pullback to 7.75-8.25 to go long again.

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Bio-Path Holdings Inc (NASDAQ:BPTH) I've covered this low floater in the past, and it appears the stock is getting attention again. I've always felt this stock has potential to rally. From a technical standpoint, it needs to break through $6.20 to really get going. A break of that figure brings $7.80 into focus. Keep a close eye on this one the next few days.

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What a great trading session for Dolphin Entertainment Inc (NASDAQ:DLPN). It pushed higher throughout the day and closed out the session gaining more than 28% on heavy volume. This creates a bullish scenario for Monday, one in which the stock opens the day a few ticks higher and then continues its rally. The next resistance level to watch is at 14.50. Above this level could test 20 next.

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China Recycling Energy Corporation Common Stock (NASDAQ:CREG) is finally starting to break out. The stock hit bottom in the low $6.80's and has started to work its way higher. Yesterday it was up over 14% on a breakout type move. Another great twitter alert before the crowd.

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JOB potential gap fill candidate over 63c

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The stock surged in the final hour of trading and closed back over 10.30. The real fireworks should begin if Alset Ehome International Inc (NASDAQ:AEI) can close above $10.70. With its low float and the company already bringing value into these shares, at some point the share price will break out. The daily MACD is starting to curl upward which should eventually lead to price increases. That bodes well for a breakout.

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We're on the verge of a possible breakout in the shares of Microvision, Inc.(NASDAQ:MVIS). The stock finished the day up 36.76% on a huge volume of over 117 million shares exchanging hands on the day. I'm watching the stock again as the stock looks to be setting up for a big upside move. The technical chart shows a possible new rally as the MACD fast line is back above the MACD slow line, while the RSI is also gaining strength developing a new uptrend and with stock back above 20-day exp moving average we should see more upside coming. The key resistance level to watch tomorrow is at $19.37. Watching for a possible breakout there.

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FreightCar America, Inc.(NASDAQ:RAIL) surged 29.26% Friday on one of the heaviest volume sessions this month, with 16 million shares traded. The broke out of a key horizontal resistance line and closed slightly below the high of the day, which now represents the next resistance for the follow through move on Monday. If a breakout above this level occurs, we could see a continuation of current momentum toward the 7.5-7.76 range.

I’ll be back on Monday with more updates....

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: AEI, BPTH, CREG, DLPN, JOB, MVIS, OCGN, RAIL

15:27 | Permalink |

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 |

Swing Trading Setups to Watch Next Week

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I think Happiness Biotech Group Ltd (NASDAQ:HAPP) has found support around the $1.90-$2.05 range and looks poised to post a bounce from here. I could see a 25-35% possible bounce up to $2.6 - $2.8 a share if we can get past the resistance point at 2.19 There are several daily technical indications I see which suggest a bottom, including large positive divergences on MACD and ADX on daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at $2.6, at the very least. Keep it on your watch list going forward. Could be a high flyer on breakout. NOTE: On June 5, the Company successfully obtained the CE certification for COVID-19 anti-body testing kits. The company provides disinfectants, non-medical face masks, and COVID-19 anti-body testing kits.

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Kandi Technologies Group Inc (NASDAQ:KNDI) price had a nice surge a few weeks ago and has been in a correction mode since then, finding a strong around the $6 level. The stock is now displaying upside momentum again and is poised to move higher from these levels. Nearest resistance for the stock is at $6.73. If this level is crossed and the stock is able to sustain above this level, then it might go to $10. From a technical standpoint, the MACD is slowly turning up forming a buy signal and RSI is also showing signs of reversal. With Tesla battery day coming up, this stock must be on your radar next week.

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Remark Holdings Inc (NASDAQ:MARK) showed buying strength all day on Friday. We are finally starting to see some signals of rebound as the daily technical chart shows positive momentum is back. If stock breaks 1.38 then the stock can head to 1.98 and if this level is breached then the level of 2.5 is visible. I think it's worth adding to your watchlist.

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Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) looks like a bottom formation here. A breakout over 56c with strong volume would send this flying. I went long on Friday following Reuters news "Baltic index posts weekly gain on robust capesize rates". I see a 70c move coming.

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Onconova Therapeutics Inc (NASDAQ:ONTX) made an awesome move breaking out of a major resistance line with volume backed confirmation on Friday. Should breakout hard to upside when it crosses over 40c Definitely on watch next week.

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Pacific Ethanol Inc (NASDAQ:PEIX) Continues to act strong setting new highs. Pullbacks to the rising 9EMA (yellow line) are buying opportunities. The upside is favored as long as this line holds.

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News Corp Class A (NASDAQ:NWSA) broke out to new highs on high volume. The uptrend remains intact and signals further bullishness on this stock. Technical indicators are bullish.

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Bio-Path Holdings Inc (NASDAQ:BPTH) saw its shares surged almost 4.5% to $4.44 per share on decent volume Friday after received a Notice of Allowance for its US patent application 16/426,798 titled "P-ETHOXY NUCLEIC ACIDS FOR LIPOSOMAL FORMULATION. On the daily chart, the stock has a strong resistance around $5.65, and a break above it should lead to a continued advance up to 7, the next strong resistance level. I like the stock at current levels.

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Retractable Technologies, Inc. (NYSEAMERICAN:RVP) appears to have successfully reversed its downtrend. The stock has some noticeable indicators suggesting that it is ready to make a move. Buyable on any pullback to pivot. Long setup.

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Genius Brands International Inc (NASDAQ:GNUS) is another stock I am watching closely. If it clears resistance at $1.41 (EMA200), the move may be powerful. The trend indicator MACD has triggered a new buy signal and also the RSI is on the positive side again. GNUS will move quickly, so keep it on your screen next week.

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Spartan Energy Acquisition Ord Shs Class A (NYSE:SPAQ) has been stuck in a range between $16 and $18 for much the last five sessions (healthy consolidation), waiting for some news to support the next movement on either way. Anyway, a short/medium-term bullish bias is favoured as long as the key support around 15.45 holds.

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Kodak (NYSE:KODK) had another big pop yesterday and the stock price finally closed above the $12 resistance level. Go long on the break of Friday’s high at 12.51 with a SL 10.82 Strong bullish volume on chart.

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: BPTH, GNUS, HAPP, KNDI, KODK, MARK, ONTX, PEIX, RVP, SHIP, SPAQ

18:49 | Permalink |

Trade Ideas for next week, Trading rules and some good FREE sources of information

Dearest followers,

We are living in difficult times, waging a war against a faceless enemy and, although far from each other, we need to be more united than ever respecting the rules of health. The situation is very serious and people need to stay at home. Remember to wash your hands several times a day a day for at least 20 seconds to stop the spread of infectious diseases and encourage others to do the same.

Over the last days, I have received many emails, from people asking me which books or sites I would recommend to learn about trading. To be transparent and direct, i cant find any book that could help you in this environment of uncertainity. In reality, there is no such thing as a perfect trading model, simply because the market is so dynamic and unpredicatable. Thats a good one for daytraders with experience (that doesnt mean they cant lose money) but not for newbies. However, i can share with you my trading rules and some good FREE sources.

First the charts to watch next week, then the rules and sources.

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Co-Diagnostics Inc (NASDAQ:CODX) caught my attention on Friday afternoon few minutes before the close because of the price action and volume. Plus, the daily technical set-up was so perfect that could be a great trading idea for the coming week. So, i decided to enter and tweeted my entry. Few hours later i was surprised with the price action in after-hours. The stock shot up beautifully for a quick and easy 30% gains. Congrats to those who jumped into the game. Call luck, or whatever you want, but the bottom line is that i detected significant buy interest, something that caught my attention so i decided to enter. Luck is part of the experience.

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Ocean Bio-Chem, Inc. (NASDAQ:OBCI) bounced beautifully off the uptrend line on the hourly chart so I bought back my shares on Friday. The stock has been trading up in a clear bullish pattern (higher highs, and higher lows) since establishing a bottom support around $3. This company reported recently good EPS and revenue numbers. Both Records - 2019 Net Income of $3.5 Million and Net Sales of $42.3 Million. Its a Coronavirus play. They sells "Performacide" an EPA-registered disinfectant and sanitizer that is proven to kill previously known strands of human Coronavirus, and meets EPA criteria for use against the new, SARS-CoV-2, the cause of COVID-19. They reported an expansion of Production Capacity for Performacide last month. Chart shows a stock under accumulation. If the stock can take out the $4.5 level, the measured move of this pattern is $6+

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Ritter Pharmaceuticals Inc (NASDAQ:RTTR) is starting to turn back up and hourly indicators are giving the first bullish signs. On Friday it closed just slightly below its 50-hourly EMA, which if broken could accelerate the stock toward its June highs around the 50c area. Plus, the stock also closed abv the upper line of the descending channel. A volatility squeeze seems eminent. You want to watch the stock closely as RTTR can move quickly and you want to be ready for this move once it happens. As you know, timing is everything with these types of monster plays.

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Bio-Path Holdings Inc (NASDAQ:BPTH) has been in a nice uptrend over the past 2 weeks and volume appears to be picking up as well. For investors who are interested in this stock could watch for the breakout at $5.50 since the breach of this critical resistance is a sign of reversal from a down trend. Currently prices are supported by the rising short-term Hourly EMAs and the uptrend. The stock has plenty of room to run.

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Walmart (NYSE:WMT) broke out of a small consolidation pattern on high volume on the hourly chart and could eventually rally up to test its recent high around $126. Looking at the technical chart the near-term outlook is positive. The Relative Strength Index is moving higher, which is a sign of growing strength in the stock and MACD is also giving a positive indication. Long setup on watch.

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OPKO Health (NASDAQ:OPK) has achieved a boost during Friday’s market as traders witnessed the oversold position, driving shares up 0.87%. I would like to see a break over yesterdays high of 1.29 to indicate possible bounce is on deck. I feel that fundamentally, the stock looks attractive at least for the short term. I would like to point out that CEO is buying shares like crazy now on a daily basis. Generally when insiders buy shares, especially in large amount like we have been seen it is a sign that positive things are coming. Im long.

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Aikido Pharma Inc (NASDAQ:AIKI) is showing signs of bottoming out on the charts along with the MACD giving positive signals and CMF is showing positive buying pressure. Significant jump above 61c can take the stock northwards to 80c or even to 1

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As I have been mentioned in a few tweets over the past couple of days, I keep holding my long position in MARK waiting for something BIG. The stock seems to be forming a bullish flag formation on the technical chart and is on the cusp of a move higher that could take it to the 60c area pretty easily.

Based on my experience over the years, here are some basic trading rules that should be taken always in consideration for trading in order to become a successful trader in the stock market.

1 - The trend is your friend, so never go against the trend.

2 - Keep your losses small. Golden rule: Cut losses short. Let profits run.

3 - Use stops. The stop loss should be placed few cents below the supports and not at the same level (i dont use SLs for low float or penny stocks).

4 - Learn the basics of fundamentals, charts and technical indicators.

5 - The good trader is one who makes consistent gains, so don’t be a greedy trader, appreciate the small and the big gains.

6 - Do not fear the market. Be always confident in your trade decisions.

7 - Never buy what you do not want, because you think it is cheap.

8 - Always be conscious that the loss may arise and you should be prepared for that to happen. Open mind.

9 - For large positions, you must to have total control of the market never losing sight

10 -Volume is a leading indicator, so play the breakouts using the volume as support of your decision.

11 - Chart breaks without volume could be a trap and the probabilities of succeeding are low

12 - Do not be hasty to buy or sell a stock, every day there are new opportunities to make money. Be patient is the key of success of any trader.

13 - Only believe fundamentals as long as the technical signals follow.

14 - Trading very speculative stocks is a frequent mistake.

15 - Do not trade positions too large relative to your available capital.

16 - Do not invest all your money in one company. Your portfolio must be diversified.

17 - The Greed to pick tops or bottoms is a usual error. Wait for the perfect and confirmed signal.

18 - Do not make trading decisions based on a story you saw in the morning paper. The market many times has already discounted the information.

19 - Review your missteps to improve your skills

With patience and discipline, you can take much more from the stock market than you ever gave. Trading stocks is not easy for beginners or professionals, it is really very hard and requires lot of attention and knowledge. If stock trading was easy, everyone would be doing it. You can be successful at the stock market, with patience, discipline and a good trade set-up. The key objective is to make money and not lose it.

Good FREE Sources of information to learn about trading (Google it) Investopedia, FDA Calendar, Secform4, Finzv, Stockcharts, Shortsqueeze, Benzinga, Stocktwits, Openinsider, Shortvolume, Fintel.

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: AIKI, BPTH, CODX, MARK, OBCI, OPK, RTTR, WMT

13:50 | Permalink |

Swing trade ideas to watch next week

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Inpixon (NASDAQ:INPX) is a lotto play everyone loves to hate but i think it looks poised to post another significant return in the short term. The company issued a tweet on Thursday announcing that they will do a live executive briefing on April 8th where they will explain how location tech and indoor intelligence can be leveraged to address the current COVID-19 pandemic, and establish the infrastructure to keep people safe in the future. I expect the attention to grow for this stock in the coming days and investors accumulate shares in anticipation of an increase in the price per share before the event. With penny stocks history tends to repeat itself. Do you know why? Because traders know what each stock is capable of. If you follow the market long enough and study these speculative stocks closely you can find consistencies and other helpful signs that can help you turn a profit. With some buying volume this stock could soar just like IMAC. A short term target of $3+ is not out of the question considering volume and price action this year. A push to $4 on a positive press release could be also a possibility, look what happened in December of 2019. Anyone that can read a technical chart knows exactly this stock has the capability to mount a fantastic rally again. Plus, coronavirus is the theme of the moment. As i tweeted last week, i took a long position. As I always say, history tends to repeat itslelf. Only the time will tell if I was right again.

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Soligenix, Inc. Common Stock (NASDAQ:SNGX) after a nice pullback, it's time to reconsider this CV play again. Zacks Small-Cap Research increased last week the valuation to $12 per share. I think right now SNGX is forming a solid base for another run to $2.2 (next major resistance zone).

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Qualstar Corporation (NASDAQ:QBAK) still accumulating this small cap. Bottom watch. This stock was over $6 last month and closed on Friday at $2.4 We could see a sharp rally out of these extreme oversold conditions. Gap to fill over 2.75

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Ekso Bionics Holdings Inc (NASDAQ:EKSO) what a rally for this stock late in the day. We have to believe that this rally will resume in earnest at the open on Monday. The daily technical chart looks to be turning as evidenced by the impending bullish MACD cross. Immediate resistance 4.71

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Bio-Path Holdings Inc (NASDAQ:BPTH) what a rally on Friday on a RED tape. Volume is starting to come back and with it some positive price movement. As I always say , follow the money and the money looks to be flowing into this stock. The technicals are turning bullish for this beaten-down small bio cap. Let's see what next week brings.

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Alpha Pro Tech, Ltd. (NYSEAMERICAN:APT) was a big winner on Friday as the stock ended up $1.85 on the day. I will be watching the stock on Monday for a continuation move through Friday’s highs of $11.61. Although this trend is encouraging the near-term outlook stays cautious till the stock closes conclusively above 12 on heavy volume.

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Nice breakout on Inovio Pharmaceuticals Inc (NASDAQ:INO) with strong volume. Momentum picking up with MACD climbing and RSI rising. Look for a quick run to $9.4

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Biomerica, Inc. (NASDAQ:BMRA) has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $7.45 There could be good upside in this trade, so watch the stock closely.

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: APT, BMRA, BPTH, EKSO, INO, INPX, QBAK, SNGX

19:44 | Permalink |

A few chart setups for the coming days and trading rules

Dearest readers,

I would like to thank you all for your cooperation and support during these last few months of the year, with a high increase of followers on Stocktwits (76000) and a great increase in the number of followers on twitter that has almost reached 38000 followers. Then, announce that in the next 3 weeks I will be on vacation and will not be back to update the blog until 10th of August. But before I leave you, I added a few charts with potential trade ideas for the coming days and once again my trading rules for newbies. Good luck to all of you.

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Safe Bulkers, Inc. (NYSE: SB) jumped 24 cents, or 11.88%, Friday to 2.26, breaking out after consolidating for two weeks in a bullish flag formation. If the stock breaks Friday's high of the day in the 2.3 area, it could retest the November highs in the 2.6-2.7 area within the next couple of days. Momentum key indicators are in bullish mode on the daily chart.

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Blackberry (NYSE: BB) the daily chart above is showing a stock that could be making strides toward turning higher. The daily MACD is curling nicely and the current $6.85 - $7 area looks like a some solid support/interest. We could see a quick pop from these levels.

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Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) is getting ready to come out of this base pattern. A close above 60c gets the party started. I would like to point out that while the stock is consolidating the accumulation line still rising, which means, someone is buying this dip.

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Bio-Path Holdings Inc (NASDAQ: BPTH) appears to have solid footing in the $13.25's and looks ready to test the $15's again.

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Kadmon Holdings Inc (NYSE: KDMN) has been in a strong upwards trend the past few weeks and is correcting some of the big gains while working out the overbought conditions. The 2.4 area level could provide a good entry point for short-term trades.

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AK Steel Holding (NYSE: AKS) seems to be a promising stock to follow in the coming days. The stock broke the downtrend line from the February peak of $3.29, which sets the stage for additional gains. Thing to watch out now for this stock is its resistance at 2.43 (declining EMA100), which if broken may give the possibility of it going to as high as 2.61 in short-term.

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Neptune Wellness Solutions Inc (NASDAQ: NEPT) is one of the hottest stocks in the market right now. The stock broke out to all time highs again last week and the volume was very strong, signaling that this move should hold. This is generally a hot buy from a technical perspective and the short-covering will continue to power the stock higher. The momentum clearly favors the bulls. The stock is now very overbought and it seems reasonable that it should rest. Technically a buy on any dip to the pivot zone.

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Dean Foods Co (NYSE: DF) broke the descending channel from the February highs on relative high volume and could eventually rally up to test its key resistance zone around the 1.5 area in the next sessions. In addition, MACD indicates positive momentum, while RSI is also gaining strength. Keep it on your watch list.

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Boeing (NYSE: BA) Volume is picking up but the stock needs to break this resistance zone first to me. If the stock can break out above $380 with heavy volume, I think the stock could shoot up to test $397 area. There looks to be good upside potential, so watch the stock very closely.

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Ameri Holdings Inc (NASDAQ: AMRH) is a penny stock I am watching closely. It can pop big time on any positive news. The stock is trading within an uptrend and in the short-term outlook it could rise to around 42c

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Nio Inc (NYSE: NIO) Coiling up here. A break through this 3.52 area could accelerate it higher.

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Vislink Technologies Inc (NASDAQ: VISL) was added to my watchlist as a possible bottom bounce-play for another possible swing trade. It is extremely oversold at this price level. Volume picked up a bit on Friday and the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Bargain hunters may want to accumulate here.

I decided to share you all followers again my basic trading rules that should be taken always in consideration for trading in order to become a successful trader in the stock market.

1 - The trend is your friend, so never go against the trend.

2 - Keep your losses small. Golden rule: Cut losses short. Let profits run.

3 - Use stops. The stop loss should be placed few cents below the supports and not at the same level. 4 - Learn the basics of fundamentals, charts and technical indicators.

5 - The good trader is one who makes consistent gains, so don’t be a greedy trader, appreciate the small and the big gains.

6 - Do not fear the market. Be always confident in your trade decisions.

7 - Never buy what you do not want, because you think it is cheap.

8 - Always be conscious that the loss may arise and you should be prepared for that to happen. Open mind.

9 - For large positions, you must to have total control of the market never losing sight

10 - Volume is a leading indicator, so play the breakouts using the volume as support of your decision.

11 - Chart breaks without volume could be a trap and the probabilities of succeeding are low

12 - Do not be hasty to buy or sell a stock, every day there are new opportunities to make money. Be patient is the key of success of any trader.

13 - Only believe fundamentals as long as the technical signals follow.

14 - Trading very speculative stocks is a frequent mistake.

15 - Do not trade positions too large relative to your available capital.

16 - Do not invest all your money in one company. Your portfolio must be diversified.

17 - The Greed to pick tops or bottoms is a usual error. Wait for the perfect and confirmed signal.

18 - Do not make trading decisions based on a story you saw in the morning paper. The market many times has already discounted the information.

19 - Review your missteps to improve your skills

As i always say, with patience and discipline, you can take much more from the stock market than you ever gave. Trading stocks is not easy for beginners or professionals, it is really very hard and requires lot of attention and knowledge. If stock trading was easy, everyone would be doing it. You can be successful at the stock market, with patience, discipline and a good trade set-up. The key objective is to make money and not lose it.

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: AKS, AMRH, BA, BB, BPTH, DF, KDMN, NEPT, NIO, SB, TNXP, VISL

20:04 | Permalink |

AC Investor Blog

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

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