AC Investor Blog

7 trade ideas for next week

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Longeveron Inc (NASDAQ:LGVN) is nearing a key resistance level in the 3.70 area (upper line of the large falling wedge formation). When lower highs and lower lows form, as in a falling wedge, a stock remains in a downtrend. Technical daily indicators are displaying positive divergences and I think we could see a strong reversal over the coming days. The stock price sits right at its 52-week low and has fallen from over $16.7 a share to the current $3.62 price. Considering the bullish momentum on Friday, I think the stock looks set to break higher next week. This is a Heavily shorted low float small bio name with a robust clinical pipeline with clinical efficacy signals in multiple indications with large unmet need: Alzheimer’s Disease, Aging Frailty, and HLHS and a solid balance sheet, cash into 2024. Keep this stock in your radar list. On my firework list.

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Shares of Borqs Technologies Inc (NASDAQ:BRQS) broke through resistance at $.68 and closed above its 20-day exp moving average for the first time since weeks. This could be a significant turning point for stock.

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Mullen Automotive Inc (NASDAQ:MULN) has become increasingly bullish and is currently consolidating in an attractive pattern (Bull flag). A move past $.46 would be a strong indicator of a further uptrend in the stock. Stay tuned.

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CEA Industries Inc (NASDAQ:CEAD) Potential double bottom formation. Stalking. Over $1.05 would be a buy trigger.

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Netflix (NASDAQ:NFLX) Rallied hard Friday on volume. If it clears back over its 200-day EMA it may have some good upside to fill the gap.

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Atlis Motor Vehicles Inc (NASDAQ:AMV) Volume is drying up while daily RSI remains extremely oversold at 15.88 on the daily chart. Could see another explosive move to the upside

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MacroGenics Inc (NASDAQ:MGNX) breakout on solid volume. The stock continues to show strength as the rise in volume confirms the price uptick. Fresh exposures may be considered on price weakness, with a stop-loss at $3.78. Going forward the next levels to watch above are seen at 5 and 5.41

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: AMV, BRQS, CEAD, LGVN, MGNX, MULN, NFLX

15:15 | Permalink |

Good looking chart setups to watch this week

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Camber Energy Inc (NYSEAMERICAN:CEI) This daily chart represents a stock under tremendous accumulation. From a technical standpoint, the stock is overbought but I see the momentum and price gains continuing through next week. If the stock continues to see buying pressure I could see it trading well over $1 in the short term. Penny stock on watch.

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CASI Pharmaceuticals Inc (NASDAQ:CASI) The daily chart is shaping up and I expect the next point of resistance to be at $2.25. At some point CASI will take off and never look back. I think that day will come soon and those buying at these prices will be thanking me down the road. Oppenheimer analyst Leland Gershell recently raised the price target on CASI to $6.00 (from $5.00) while maintaining Outperform rating and the CEO purchased 480000 shares in August owning more than 5 million shares. I think CASI is heading higher from here and will make an excellent trade going forward.

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Exela Technologies Inc (NASDAQ:XELA) Volume has lightened up and the price is holding up nicely above the major short-term rising EMAs. This looks like the spot where the bulls will begin to make their move. From a technical standpoint, the stock may be ready to break out of this potential bullish flag consolidation while MACD is also starting to move higher. Only a close above 2.75 would suggest further upside. XELA will move quickly, so keep it on your screen.

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Borqs Technologies Inc (NASDAQ:BRQS) volume and price are on the rise and this stock is really getting some momentum behind it. The share price has finally crossed and closed above the declining 50-day EMA, which is very positive. All major short-term EMAs have started moving up, with the 9-day EMA above the 20-day EMA for the first time in more than 2 months. Friday’s intraday high of 0.845 was also the highest level the stock has touched in more than two weeks. The daily technical indicators are pointing to a continuation of the rally.

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Enveric Biosciences Inc (NASDAQ:ENVB) The buying was coming quickly on Friday for this stock. I am interested to see if it keeps going this week. It is on watch.

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Medavail Holdings Inc (NASDAQ:MDVL) I accumulated a lot of shares around $3 and the stock is paying off handsomely now. As I mentioned several times, the gap zone is my target. Let the profits run.

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Globalstar (NYSEAMERICAN:GSAT) The $2.42 area is a critical resistance region that can determine overall bias for the stock in the short-term. Bulls are now attacking the 2.25 price level, a break above could trigger a rally towards 2.42 resistance again. Keep an eye on these levels. Love the look of this hourly chart.

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Nio Inc (NYSE:NIO) is on the verge of a possible technical breakout. The stock closed slightly below the 50-day EMA on the daily chart. A breakout above this key EMA is a signal that there is a potential long-term trend change taking place. The strongest sign of a bullish momentum is the daily MACD indicator which has just started to increase. The RSI is also showing positive signs on the stock. On watch.

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Clover Health Investments Corp (NASDAQ:CLOV) The more it consolidates the bigger and strong run/squeeze it will have. On the technical side, MACD and ADX all point to an upward trend while RSI is also rising. Watch the stock closely on Tuesday, and once it breaks through $9, get ready to enter the trade.

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: BRQS, CASI, CEI, CLOV, ENVB, GSAT, MDVL, NIO, XELA

13:11 | Permalink |

Here's a list of stocks to watch next week

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Alset Ehome International Inc (NASDAQ:AEI) may finally be ready to break higher after a strong close on Friday. Looking at the technical chart, major short-term indicators are flashing bullish signals. The MACD indicator is slightly negative but is rising above its signal line and RSI is back abv its 50% levels. Plus, the HUGE short interest and the Elon Musk Tweet on Friday could be the perfect ingredients for a big short squeeze. I would like to point out that the company recently announced a strategic agreement with Tesla Inc. for an initial supply of Tesla PV Solar Panels, Powerwalls and EV Chargers to be installed at single-family homes. This was a $29 stock less than 6 months ago and once it starts to squeeze higher there is really no telling exactly where it will go. Watch the stock closely on Monday.

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Chemomab Therapeutics Ltd (NASDAQ:CMMB) With Friday’s breakout movement above 18 on decent volume, the downtrend is over. A break higher above the recent highs 19.35 would help the stock move to the $22.75-$24 area. Momentum indicators are turning up, a positive sign.

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Borqs Technologies Inc (NASDAQ:BRQS) has held support at the 85c level and is displaying a screaming buy divergence on the upside. MACD has generated a new buy signal and RSI is in their buy mode. In addition, some Institutions are buying the stock again and the recent downtrend in my opinion is most likely over. A break above the 97c level can see the stock trade in the $1.20 area pretty soon.

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Shineco Inc (NASDAQ:TYHT) looks poised for a possible trend reversal. Any close above 6.36 EMA200 would confirm the trend, with a short-term target of 8.70. The ADX is flashing "BUY"

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Cemtrex Inc (NASDAQ:CETX) had a strong bullish candle in the last trading session with high volumes. The next key resistance lies at 1.56 EMA200. If a breakout happens we can see a target of 2.20. All key momentum indicators are in favor of an upward price movement. Long setup.

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Pitney Bowes (NYSE:PBI) has been on a nice uptrend recently and could be ready to breakout after strong volume in the last trading session. I wouldn't be surprised to see this stock trade back to $10 or better in the short term.

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Aehr Test Systems (NASDAQ:AEHR) is inching closer and closer to another breakout move. Buying momentum is still positive and strengthening. Breakout watch above 2.85

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AZZ Inc (NYSE:AZZ) broke out from a sideways movement with huge volume, creating a significant amount of bullish potential. Looking at the daily technical chart the stock has just entered into a bull market as the stock is on top of the 50-day and the 200-day exponential moving averages. Other technical indicators such as MACD, is back above 0 showing positive momentum. The stock hit a high of $57.62, which is resistance for Monday’s move. Keep it on watch.

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Aprea Therapeutics Inc (NASDAQ:APRE) Potential breakout play. Watch the stock closely tomorrow and once it breaks $5.75, get ready to jump in and buy the stock for another swing trade. Stop 5.1

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Rafael Holdings Inc (NYSE:RFL) had a very nice day on Friday as it broke out from a nice bull flag formation with high volume. All short-term major EMAs are rising and the stock is trading above them. Setting up nicely to test the recent highs.

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Wisekey International Holding (NASDAQ:WKEY) On my TOP watchlist no trigger yet. Long above $7.94 EMA200. If the stock can break through this level, buy the stock and watch it take off.

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Wish (NASDAQ:WISH) is a stock that could head higher from Friday's close. This stock is in the process of bottoming and I expect a pop above $11.23 at some point in the coming days. Keep WISH on your radar, as we could be in for a real surprise if momentum picks up and the stock begins to breakout.

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: AEHR, AEI, APRE, AZZ, BRQS, CETX, CMMB, PBI, RFL, WISH, WKEY

15:51 | Permalink |

Trade Setups for the Week of July 06, 2021

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Wish (NASDAQ:WISH) seems to be forming an inverted head-and-shoulders pattern daily, whose neckline is placed around 15.4 and an upside breakout of this neckline will take the stock to 23 in the near future. I have been accumulating this stock over the past days, ignoring the noise and being focused on the fundamentals and potential of the company.

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Borqs Technologies Inc (NASDAQ:BRQS) dipped by 5.31% on Friday as the stock pulled back after Wednesday's spike. The stock closed at $1.07 a share and looks poised to rebound. Looking at this technical hourly chart above, what makes me think we are very close to a bottom is the last five candles have seen lower volume and a price stabilization exactly abv support. Additionally, it has back tested successfully the broken yellow horizontal trend line resistance. I think this bodes well for a bounce from current levels. I increased my position. Long setup on watch.

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Gaucho Group Holdings Inc (NASDAQ:VINO) has been beaten down since last month, but at this moment it seems pretty clear that buyers have been waiting in the 4.5-5 range. It looks like the stock is starting to turn back up and all major key momentum indicators are giving the first bullish signs. The MACD is registering a bullish signal as the fast line has crossed above the slow line and the RSI is rising slowly but hasn’t reached the 50% level. The stock needs to close above $5.24 on a daily basis in order to mitigate the negative near term view. Please NOTE: There is an investor conference on Thursday. I'm long.

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I'm watching OLB Group Inc (NASDAQ:OLB) very closely as this is a volatile stock and it will move very quickly once it breaks resistance at $6.50. Low float mania is back.

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Bridgeline Digital Inc (NASDAQ:BLIN) The break of the triangle's upper trend line at 8.54 confirmed the ascending triangle pattern and the measured move of the pattern projects an initial target around 12.83

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Asana (NYSE:ASAN) finally broke out of a consolidation pattern Friday but the volume was not as high as expected. Meanwhile, the stock closed near the highs of the day on Friday and further upside is expected to be seen next week.

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Western Copper and Gold Corp (NYSEAMERICAN:WRN) displayed relative strength with a 6.53% gain on Friday. The stock broke out of its bullish wedge pattern suggesting a further move to the upside and continuation of this bullish trend. Technically speaking the stock is now painting a short-term “Bullish” picture. Consistent move above $2.16 (horizontal resistance line) could be a beginning of a new technical bullish reversal at least testing the 2.4/2.5 area.

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Uber (NYSE:UBER) is starting to show some strength with high volume upsides and closed back above its EMA200 on the 4H chart at 51.52. With no resistance between $52.4 and $56.13, a break above the $52.36 level can see the stock trade in the $55 area pretty soon. Have this on your watchlist.

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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: ASAN, BLIN, BRQS, OLB, UBER, VINO, WISH, WRN

16:06 | Permalink |

Potential bounce plays for the coming week

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It has been tough times for everyone trading small caps in the last few days/weeks. They have been dis-connected from the other mid/big caps. Everyday things are changing and we have to make the decisions accordingly. These stocks are very oversold in every conceivable time frame, suggesting that downside price action is limited, whereas upside price potential is very significant. Meanwhile, yesterday, we already started to see some signs of recovery in some small caps, confirming that probably we will see some rotation going forward from big caps due to the overbought conditions to small caps clearly in the opposite situation. The Russell index from a technical standpoint is just making a pause on the upside move and a break of the 226.69 level should attract a lot of big traders to the small caps again. Call me crazy, but May might become the month of new highs for Russell. So watch closely this level of resistance next week.

In 1871, Baron Rothschild is purported to have said “Buy when blood is running in the streets”. While the streets are not running with blood at this time, to those invested in small caps, it certainly feels that way and I am currently buying new positions and accumulating some others at bargain prices.

I listed below some potential bounce plays for the coming week.

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SeaChange International Inc (NASDAQ:SEAC) Here is a good example of total overreaction in this small cap environment. This company closed an offering just a few weeks ago at $1.85, which was above the five-day average closing price of $1.26, something impressive for a small cap stock, demonstrating a tremendous investor interest. As I tweeted yesterday I took a significant long position on the stock at 0.945 (100000 shares) and increased at 1. There is no way this stock should be trading at $1.03 and current prices could qualify as the bargain of a lifetime. Another reason that we might have seen the bottom now is the fact that the stock printed a large bullish hammer candlestick yesterday on the daily chart. Plus, the accumulation/distribution line remains at high levels, meaning that the strong hands are holding not selling. I know that is a lot to chew on, but to sum it up, I believe SEAC is a bargain at these prices.

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If you were looking to get into CPS Technologies Corporation (NASDAQ:CPSH), now might be the last chance you get to get in this low. The stock should rebound solidly making these $8's look like quite a bargain down the road. I entered long before the close.

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WiMi Hologram Cloud Inc (NASDAQ:WIMI) Daily MACD triggered a new buy signal last week. Could start to heat up the next few weeks. The chart shows a stock that is looking to rally with $6.85 as the next logical price point. After that the 200 EMA comes in at $7.05 and the March high of $9.93 would be next.

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Liquid Media Group Ltd (NASDAQ:YVR) Watch the break of the upper line of this large falling wedge on the 4H chart for a big run. NFT play that deserves your attention.

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This stock has been one of my biggest disappointments this month. Honestly, I have still not given up hope. The financials for Borqs Technologies Inc (NASDAQ:BRQS) are not representative of a $1.12 stock, but rather a $2-$3 stock. At some point the investment community will catch onto this, until then I think BRQS is a true bargain 5G play.

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Genius Brands International Inc (NASDAQ:GNUS) On the daily chart, the price struggled to continue its downward move yesterday, and it closed with a doji candle formation after touching the major support level at 1.40. The doji gave a signal of possible price reversal upward, especially since it formed around the 1.50 area, which, although offered no distinct high or low, is congested with previous support and resistance levels. Possible bounce play next week.

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Tilray Inc (NASDAQ:TLRY) showing signs of possible bottom turn reversal.

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: BRQS, CPSH, GNUS, SEAC, TLRY, WIMI, YVR

19:17 | Permalink |

Swing trade ideas for the week ahead

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Shares of Alset Ehome International Inc (NASDAQ:AEI) are starting to heat up again and are worth watching. The stock is basing constructively above the 9.50 level and could be marking a new trend higher that is still in the early stages of development. The MACD is also confirming this as it moves to cross up, while the RSI starts to go up. If volume can pick up I think this stock can break through resistance at $12 (downtrend line) and re-test its recent highs around $15.31. I have been accumulating a big position in AEI. I love the bz model of this company. Purchasing and renting of their homes comes with a free Tesla Powerwall and Tesla car. The company is about sustainable living. With just 770k shares float and Tesla connections, this stock should be in your watchlist. I am a patient trader.

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Kelso Technologies Inc (NYSEAMERICAN:KIQ) After a healthy pullback in the last four weeks we got a big bullish impulse on Friday that could signal the beginning of another move higher. Shares rallied past resistance of $1 and hit my trigger to open positions. Immediate resistance is at 1.17 (March’s high). A break above that area could trigger further upside recovery testing $1.33 area. I'll be watching the stock on Monday, looking for a follow through move. I'm using the rising 100-day EMA as a stop.

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Borqs Technologies Inc (NASDAQ:BRQS) successfully tested the support and closed above the rising 200EMA. What needs to be watched from here out is whether it is still being accumulated. The bounce off the recent sell-off lows could potentially be the start of an even higher move. I love 5G plays going forward. I'm long here.

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Century Aluminum Co (NASDAQ:CENX) displayed some impressive relative strength on Friday with a 17.43% gain on high volume. The $19.60 is a key to watch for this stock. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and RSI back above 50. The nearest trend is in favour of Bulls and price has room to go higher. If the stock can break through that level, we should see strong volume drive the stock higher. Long setup on watch.

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Alcoa (NYSE:AA) was a big winner Friday, as the stock closed up $3.12 on decent volume. I feel that there will be a continuation move next week, but I want to see a close above $33 before I buy. There are several short term technical indications suggesting that AA could make a move to higher levels. Worth putting on the watchlist.

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fizer (NYSE:PFE) finally broke through the $36 price level on solid volume. Look for the stock to test the prior highs of January. From a technical standpoint daily technical indicators are looking bullish. The MACD is above its signal line and is moving up in positive territory. RSI is still above its 50% level. Keep it on your watch list going forward.

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Cellect Biotechnology Ltd (NASDAQ:APOP) I grabbed some shares yesterday on pullback. We should easily close the gap next week. Watch the break of 4.16 for a strong run to 4.75

The 3 essential financial tools that I use:

Benzinga Pro: It is a streaming platform that contains all the information you need to invest smarter today. Sign-Up For Benzinga Pro HERE

TradeXchange: TradeXchange is another online financial media outlet that delivers real-time news headlines that usually hits the wire fast enough to be an actionable trade idea. Click HERE

TradeIdeas: It is a scanning tool that all traders should use. Click HERE

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: AA, AEI, APOP, BRQS, CENX, KIQ, PFE

19:07 | Permalink |

AC Investor Blog

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

Sunday, October 23, 2022

7 trade ideas for next week

Monday, September 06, 2021

Good looking chart setups to watch this week

Sunday, July 11, 2021

Here's a list of stocks to watch next week

Monday, July 05, 2021

Trade Setups for the Week of July 06, 2021

Saturday, April 17, 2021

Potential bounce plays for the coming week

Saturday, March 27, 2021

Swing trade ideas for the week ahead

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