AC Investor Blog

Good looking chart setups to watch next week

Dearest readers,

What a great trading week this past week and looks like plenty of opportunities for the rest of the year. Congratulations to those who have profited on this spectacular week, that is what this blog is all about, if it was not your case, never give up, there are always opportunities. Nothing in this market is easy, but with experience, discipline, instinct, and knowledge you can increase your chances at turning a nice profit. Be humble and the market will show you the way.

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Tilray Inc (NASDAQ:TLRY) There should be plenty of smiles to go around to everyone after yesterday's chart alert (tweeted at 7.45) not only had a big green day, but was crushing resistance levels like little anthills. I want to congratulate anyone that saw the opportunity in TLRY. Given the recent presidential elections there seems to have been a direct interest in multiple Cannabis tickers throughout this sector of which TLRY has considerable potential being a part of given recent performance. The technical indicators are looking bullish. The RSI has re-entered its bullish territory, the MACD is positive, and above its rising signal line. A break higher above 8.60 on Monday could spark another round of momentum buying. Keep watch because the technicals are indicating there could be more juice left in this stock, offering up multiple intraday entry points. Long setup on watch.

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Applied DNA Sciences Inc (NASDAQ:APDN) Another stock with a Cannabis angle. The cannabis legalization is directly connected to APDN traceability technology. The company offers Applied DNA Sciences Portal, a software platform that enables customers to manage the security of company-marked goods, DNA Transfer Systems and Cannabis Tracking System for real-time monitoring. Yesterday the stock made a strong move to the upside, closing near the highs. The stock is setting up to break out and has one more level to go, which is $7.25. The technical indicators are looking mildly bullish. The daily MACD is negative, but rising above its signal line and the RSI has managed to move above their 50% levels. The price can head towards the $8 zone. If this zone is surpassed, getting to $10 would be a possibility. The break of this chart pattern could fuel a short-term price spike because the stock technically has a lot of upside potential, so watch it closely on Monday. Don't be fooled by the large sell orders on the screen in a low float play, generally when a big player wants to sell a large sell order they hide or divide the order never expose it on the screen for everybody to see it. Be smart and dont play the stupid Market maker games.

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India Globalization Capital, Inc. (NYSEAMERICAN:IGC) Another name that I alerted yesterday via Twitter for the unusual volume detected. The stock displayed some impressive relative strength with a 30% gain. On the technical side, MACD and ADX all point to an upward trend while RSI is also rising. The stock broke and closed above resistance at $1.75 and should continue to move. The stock hit a high of $2 on Friday, which is resistance for Monday’s move. Keep it on watch.

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Genius Brands International Inc (NASDAQ:GNUS) technically also looks interesting. The $1.58 level is an important resistance that once broken will set off a huge run up in stock, the 1st target would be $2 which is the high of August.

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Canopy Growth Corporation (NASDAQ:CGC) Broke out to new highs yesterday on decent volume. It entered into the overbought zone RSI 76 but remains healthy, so let it cool down then buy it.

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FSD Pharma Inc (NASDAQ:HUGE) Potential breakout play. The break of this major downtrend line next week could be HUGE for this name.

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BlackBerry (NYSE:BB) Yesterday, the stock finally broke out of the range it had been trading in the past couple months with a strong close at $6.15. The stock could now move all the way to 6.89, which is the 52-week high.

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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: APDN, BB, CGC, GNUS, HUGE, IGC, TLRY

12:58 | Permalink |

Top Stock Trade Ideas for the coming week

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

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

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

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

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

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

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

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

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

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

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

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

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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

22:08 | Permalink |

Stocks to watch in the coming Week and best wishes for a successful 2019

Dearest Readers,

First of all, please accept my apologies for the missing update of the blog over the last weeks, but in this period of the year my mind has been a little more focused on the family. Secondly, tomorrow i will not trade because im going to Lisbon to spend New Year's Eve. Lastly, I would like to thank you for your cooperation and support during 2018, with a high increase of followers on Stocktwits and a great increase in the number of followers on twitter. Wishing to all of you the best of the best for the new year.

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Apple Inc. (NASDAQ: AAPL) seems to be positioned to begin another bounce. Since the beginning of the month, the price action has been forming a descending channel on the hourly chart and a breakout is needed for further direction to be divined. Technically, the break to the upside is a strong indication that prices are headed higher. The standard MACD on the daily chart has been in divergence mode since last week and the price may rally towards the 18 December high of 167.53. Contrariwise, the price may fall to test the 24 December low of 146.59

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Qualstar Corporation (NASDAQ: QBAK) at breakout point. Solid company with great earnings and announced recently a significant stock repurchase program ($2.4 million). Stock recovered nicely last week and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $5.25. The stock at least can hit the 100 day moving average at $6.46 cents per share. This company has no debt and a strong balance sheet. I love the risk/reward so long as it holds above the $4.60 area and expect to see another strong upside move very soon. Watch to see what it does here.

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Canopy Growth Corp (NYSE: CGC) In the short-term, I identify an opportunity for an upside recovery in this name, which remains to be confirmed. We have not had a clear capitulation to stop the cuurent bearish trend in progress but the major support around $25 which we arrived a few days ago have held, it managed to stop the decline. Technical daily indicators are showing some signs of recovery. MACD is poised for a positive crossover while its RSI is slowly picking up. Plus, on daily chart above a bullish pattern can be identified (falling wedge). On watch.

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I've mentioned ENDRA Life Sciences Inc (NASDAQ: NDRA) for the bulls out there. I stand by this position. The stock made a nice bounce last week and looks ready to continue imho. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D while MACD is also crossing up. The nearest trend is in favour of Bulls and NDRA has room to go higher. If the stock can break through $1.85, we should see strong volume drive the stock higher. Pattern: Possible double bottom. Stop 1.50

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Maxar Technologies Ltd (NYSE: MAXR) stock bounced strongly on decent volume and a rally to over $13 is highly expected. This makes it a stock to watch for technical traders.

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The near-term trend in Nio Inc (NYSE: NIO) remains mildly bullish, however, overall price is trading in a large sideways trading range. Long-term resistance stays at $8.35, which is a big area that the stock needs to break in the coming days/weeks. The technical daily chart is showing a possible bottom here. The %K line has just crossed on top over %D line showing buy signal as RSI is at oversold level. Immediate resistance 6.72

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Aphria Inc (NYSE: APHA) looks ripe for an explosive move upwards again while takeover rumors continue to spread. The stock had a bullish momentum on Friday, gaining more than 12% and closing near the highs of the session. With the bulls pushing shares higher, I expect the stock to see a continuation of high volume and price appreciation next week. Technically Speaking, this stock is showing signs of an upcoming breakout. I believe the stock is gaining momentum and could keep running !! Watch the stock closely.

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The area comprehended between 52c and 56c represents a heavy resistance for Globalstar, Inc. (NYSEAMERICAN: GSAT). At this stage, the stock is extended for additional positions, and is near the overbought zone. I really like the chart but at this level I would wait for a pull back before putting any cash to work. A close above 56c on volume would have positive implications and could drive the stock much higher. Keep GSAT on your radar.

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Sangamo Therapeutics Inc (NASDAQ: SGMO) I continue to watch this long-term downtrend line, if it can break up through there, its worth it for me to buy for a trade. This is a stock to keep an eye on in the future. On the downside, there continues to be solid support around $9.50. Short-term technical indicators are improving and MACD histogram bars are slowly picking up while RSI is neutral around 50. Keep an eye on it.

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The selloff in United States Steel Corporation (NYSE: X) has stalled. The medium--term trend is down, but this is a good spot to speculate on an oversold bounce. The stock has recovered from its its 52-week low of $17.08 hit on Wednesday and closed Friday at $18.25. The current rally should at least push the stock to $20 per share where the major resistance is. X needs to close above this level to indicate a continuation of the rally. If this rally fails, there’s a new downside risk.

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: AAPL, APHA, CGC, GSAT, MAXR, NDRA, NIO, QBAK, SGMO, X

15:02 | Permalink |

Trading set-ups to watch next week

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Nio Inc (NYSE: NIO) is getting ever so close to breaking out higher. This stock is starting to gain interest and could see a rapid ascent as the accumulation by institutions continue. Technically, the hourly chart shows a bull flag formation with the stock price on the verge of a breakout.

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Vaxart Inc (NASDAQ: VXRT) could be at the beginning stages of another big rally. One that could ultimately take this stock back over $5.4 and beyond. Hourly technical indicators are beginning to turn bullish. The MACD is rising above its signal line and the RSI has moved above its 50% level. A move above $3.92 (Friday's high) opens the door to $4.6. I'm Bullish at this point.

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I have Seven Stars Cloud Group Inc (NASDAQ: SSC) on my watchlist. It may be ready to break out of this base. There are some signs that the stock is gaining some momentum in recent days. It is well oversold and a bull move is probable for the coming sessions. The technical daily chart shows some bullish divergences on MACD and RSI. Keep an eye on SSC and be prepared for this upcoming move.

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Auris Medical Holding AG (NASDAQ: EARS) what a rally for this stock late in the day on Friday. You have to believe that this rally will resume in earnest at the open tomorrow.

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GTx, Inc. (NASDAQ: GTXI) could we be looking at the next EARS type run? After being trading in a bearish tone for some time the stock appears to making a comeback in favor of the bulls. It has already started its bounce back up and looks poised to break resistance at $1.85. d I think the stock could see $2.1 or better in short-term.

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CorMedix Inc. (NYSEAMERICAN: CRMD) has been one of the most impressive stocks over the last two weeks. From a short-term view, stock remains very overbought, but in my honest opinion and based on the volume, this appears to be a good overbought condition. As a result, any dip should be bought.

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Canopy Growth Corp (NYSE: CGC) looks strong enough to move forward. The stock closed nicely above the major short-term EMA levels with solid volume. At this level, we should see the stock retest the next pivot point located at $50.99 followed by $55. The support level is adjusted to $47.5

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Could Turtle Beach Corp (NASDAQ: HEAR) be on the verge of a breakout? The buy trigger is above Friday's high of 21.15. All major indicators are displaying bullish signals.

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: CGC, CRMD, EARS, GTXI, HEAR, NIO, SSC, VXRT

17:57 | Permalink |

AC Investor Blog

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

Saturday, November 28, 2020

Good looking chart setups to watch next week

Saturday, July 11, 2020

Top Stock Trade Ideas for the coming week

Sunday, December 30, 2018

Stocks to watch in the coming Week and best wishes for a successful 2019

Sunday, October 14, 2018

Trading set-ups to watch next week

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