AC Investor Blog

Swing Trade Ideas for the coming week

Apologies for the lack of blog updates in the past couple of weeks. I will try to be more consistent in posting but make no promises. Managing family time on weekends with markets, it's not easy.

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I still own some bitcoins. The chart pattern is compressed and Bitcoin is coiling up for a larger move. Breakout watch over 17400

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In the short-term, Bank of America Corp (NYSE:BAC) is extremely oversold and sentiment is negative. It can be very hazardous to sell into this condition. The stock opened Friday`s session at $32.11 and intra-day was ranging at 32.60-32.08 ending the session with a small loss of 0.18%. I think the stock looks ripe for a rally from extremely oversold conditions.

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PayPal (NASDAQ:PYPL) is this a bullish flag 4 hour chart? Some positive divergences in the chart showing up. Only a close above the 75 level would confirm this view. The underlying primary trend remains down. I like Paypal at current levels (we are at 2018 levels).

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Chemomab Therapeutics Ltd (NASDAQ:CMMB) witnessed a follow-up buying with a surge in volume like in late May/early June. This could be the start of a nice rebound! With small cap stocks history tends to repeat itself. If you follow the market long enough and study the small cap stocks closely you can find many consistencies, the trends, and other helpful signs that can help you turn a profit. Watch the break of 2.50 next week for a potential new explosive move to the upside.

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SINTX Technologies Inc (NASDAQ:SINT) Over the past 4 weeks we've rallied up to 0.145 and now back down to 10c forming the right shoulder of the Inverted Head and Shoulders pattern. It has the potential to break out, as this is one of the most reliable trend reversal patterns. The stock price declined by approximately 80% over the last 3 months. Despite the significant losses, the stock seems to be developing a reversal pattern that could see its price improve. A decisive close above the $0.14 resistance level could push this penny towards 35c. When it comes to penny stocks, nothing is impossible, look what happened with AMAM on Friday with a 1000% gain.

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Digital Brands Group Inc (NASDAQ:DBGI) closed back above the downtrend line from mid-Nov highs on the hourly chart to confirm the bullish momentum divergence. The stock needs to break Friday's high of $4.4 to expect a strong rally at this point. Low float former runner.

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Mullen Automotive Inc (NASDAQ:MULN) is still in bottoming mode it looks like. The daily technical indicators are looking better now for the stock. A reversal may be on the way. Only a close below 18c will invalidate the current potential bottom scenario.

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Treasure Global Inc (NASDAQ:TGL) Basing. Breakout watch over 2.21

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I like Lucid Motors (NASDAQ:LCID) for a bounce play over 8.84 if the market gets a relief bounce.

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Smartsheet Inc (NYSE:SMAR) flagging. Breakout watch over 38.51

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Zeta Global Holdings Corp (NYSE:ZETA) is setting up to break out and has one more level to go, which is $9.23

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: AMAM, BAC, CMMB, DBGI, LCID, MULN, PYPL, SINT, SMAR, TGL, ZETA

15:55 | Permalink |

Stock setups for the coming week 15-19 November 2021

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Spi Energy Co Ltd (NASDAQ:SPI) The EV sector is too HOT to ignore this small EV maker. The company reported solid numbers last week, the revenue increased to $79.4 million, up 41% over the $56.4 million generated in the first half of 2020 and the gross profit increased to $7.4 million, up 134% over gross profit of $3.1 million in the first half of 2020. The trend has been established for the stock and it is pointing up. I think we could see $6.5-$7 come quickly, and $8.6 come after that. For anyone who trades small caps, unexpected volume is a great indicator of things to come (LA Show next week). The Company will begin accepting reservations to book orders for EF1-T and EF1-V solar-electric vehicles during the Los Angeles Convention Center. Honestly, I think now is the time to step in and ride what will be an impressive and deliberate rebound in share price. At $5.3 this looks a lot like RIVN and it has the potential to pull a similar move bc it seems way undervalued. On watch.

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Chemomab Therapeutics Ltd (NASDAQ:CMMB) Interesting Institutional buy activity detected last week, for the first time in weeks. Let's see if we can get a move back over $10. Volume history shows this stock won't need too much buying pressure to get it out of single digits land. As I said several times, I will not sell a single share below $40 only if something really bad happens. For some reason institutions are buying again. As usual they have access to inside information, which retailers don't ;)

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Clover Health Investments Corp (NASDAQ:CLOV) The company has done so many positive things in 2021. Currently at $7.17 this stock could be one of those huge high short interest stock runners. Patience is difficult in this market but can also pay off handsomely. I do think this stock will bounce back over $9.10 EMA200

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Vuzix (NASDAQ:VUZI) shares gained more than 15 percent, closing near its highs of the day on strong volume. The stock broke through resistance and out of flag formation. Looks good to go here. Its technical chart shows some bullish signals as both MACD and KD are now going up and the stock breaks above the 200 exp day moving average. Next resistance is now seen at $15.72 Long setup on watch.

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Accelerate Diagnostics Inc (NASDAQ:AXDX) The daily technical indicators are displaying good signs. Watching for a breakout soon.

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DiDi Global Inc (NYSE:DIDI) remains high on my radar due to the recent run up on volume. The daily technical chart is still showing buy signals with stock trading above short-term exp moving averages and MACD on top of 0. Keep an eye for a possible breakout over $9.85

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Ryan Specialty Group Holdings Inc (NYSE:RYAN) broke out to a new all-time high on Friday, accompanied by a solid volume suggesting higher levels. The technical chart still shows a bullish bias. I suspect the stock may continue to appreciate over the coming sessions.

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Newegg (NASDAQ:NEGG) has been pulling back on very low volume. Watch for reversal next week.

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

Thanks for visiting AC Investor Blog.

AC

Labels: AXDX, CLOV, CMMB, DIDI, NEGG, RYAN, SPI, VUZI

19:22 | Permalink |

Trading setups for next week

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Camber Energy Inc (NYSEAMERICAN:CEI) stock has been pulling back quite a bit in the past few days but nothing is wrong with it, the uptrend remains intact and pullbacks are always healthy for a trend continuation. Seems to be forming an uptrend channel on hourly chart with a major support at 2.50 with a minor support at 2.86. Plus, it has been under accumulation in a quiet manner. So, play what you see.

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Indaptus Therapeutics, Inc. (INDP) is setting up for a possible breakout, which based on the chart could send the stock up like a rocket. The RSI14 at 40 and the MACD is still curling upward. Chart on Breakout Watch.

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LM Funding America, Inc. (LMFA) had good volume and a big bullish candlestick on Friday. Breakout watch over 4.98

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CASI Pharmaceuticals, Inc. (CASI) is still in bottoming mode. The technical indicators are looking better now for the stock. The MACD is starting to rise, confirming a bullish divergence has taken form and the Stochastic also has a bullish crossover. It might attempt to breakout above the $1.25 level on Monday and if it succeeds we should expect a strong move to the upside. It has the potential to make another big run next week, so keep a close eye on CASI and don’t miss the trade. The price target of the two Wall Street analysts that rated the stock since the last quarterly report is $3.9

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I want to congratulate anyone that saw the opportunity in Silverback Therapeutics, Inc. (SBTX) at $10. Keep watch because the technicals are indicating there could be more juice left in this small bio cap, offering up multiple intraday entry points. Real fireworks begin over 12

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Sphere 3D Corp. (ANY) We have all seen how quickly this stock can head higher, when the buyers come. Watch this BOX and play accordingly. I believe it is ready to post a nice bounce and I do not see any resistance on the technical chart until $7.6. From a technical standpoint, the Relative Strength Index is now rising and is approaching the mid-level, while MACD is about to cross up.

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Chemomab Therapeutics Ltd (NASDAQ:CMMB) My opinion remains intact about this small bio cap. I will not sell a single share below $40 unless something bad happens, but that does not seem to be the case according to the recent news and reports. The stock has been falling on very low volume. The company has a great pipeline and the existing cash position is expected to fund the Company's current operating plan until mid 2023. The stock market is a device for transferring money from the impatient to the patient" Warren Buffet. I remember being called a pumper on PLUG or MARA when the stocks were trading at $2. NOTE: The 2 Wall Street analysts offering 12-month price forecasts for Chemomab Therapeutics Ltd have a median target of 43.50, with a high estimate of 45.00 and a low estimate of 42.00

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AMC Entertainment Holdings Inc (NYSE:AMC) Rallied nicely Thursday on volume and broke out of a descending channel. If it clears back over 42, it may have some good upside.

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Pedevco Corp (NYSEAMERICAN:PED) broke out of a consolidation range to the upside on heavy volume. I do not see anything until the 2.8-3 area. Indicators are also showing signs of recovery. Pullbacks are buyable.

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ENGlobal Corp (NASDAQ:ENG) is very bullish with a lot of hot indicators showing up. The slope of the upward move is steep accompanied by increasing volume. Breakout watch over 3.37

TRADE IDEAS TEST DRIVE IS BACK: The next 2-week Test Drive starts October 11, and runs until October 22nd. The Test Drive lets non-subscribers or standard subscribers enjoy all Premium Subscription features for up to 2-weeks. I recommend you sign up HERE before Monday, October 11 so you will have the full 2-weeks of access.

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: AMC, ANY, CASI, CEI, CMMB, ENG, INDP, LMFA, PED, SBTX

10:46 | Permalink |

A few names on my watchlist for the coming week

Dearest readers,

Last week was a tough week for small cap lovers, with several stocks falling hard on very low volume. August is particularly a difficult month for traders, but this month has been really bad due to the lack of volume and the Russell weakness. I expect some rebound in the coming days in several small cap stocks due to its extreme oversold conditions, so be selective and play safe.

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Thursday's earnings report news has lit a fire under CASI Pharmaceuticals (NASDAQ: CASI) and I don't think it will be put out anytime soon. This looks like the start of a prolonged rally, one that could see this stock trading +400% higher than current levels according to Oppenheimer analyst Leland Gershell that yesterday raised the price target on CASI to $6.00 (from $5.00) while maintaining Outperform rating. From a technical perspective, the stock broke the long-term downtrend line yesterday with some volume if it can stay above this downtrend resistance level, next possible upside resistance may be around the 1.80 level. CASI remains, in my view, undervalued, and based upon recent actions by the company, I think the stock price should head higher. The way to make money in these markets is to find the undervalued stock before the market does. Let's keep an eye on her.

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Medavail Holdings Inc (NASDAQ:MDVL) on watch for a turnaround next week. It can be tough to pull the trigger on a stock that has fallen rapidly, but these same stocks can post big moves after they have fallen and GRNV showed this to be true yesterday. I expect that the odds are good at this point that we will see a big bounce back from an extreme oversold condition.

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Indaptus Therapeutics Inc (NASDAQ:INDP) The company's 13D filing on Friday after hours showed that Michael J. Newman had reported a stake of 25.7% in the company. The filing came out later in the session, so I think the stock should see a nice bump when it opens for trade on Monday. With such a low float and an oversold chart, this could create an explosive situation. If INDP is not on your watchlist now is the time to add it.

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Chemomab Therapeutics Ltd (NASDAQ:CMMB) was another example of some irrationality yesterday after a strong share price drop on very low volume. The company reported on Friday that it has cash and equivalents of $67 million and expects to fund current operating plan through mid 2023, so no dilution needed. This $15 stock, in my view, is one of the most undervalued small bio cap stocks out there, and I believe down the road it could be trading better than $20 a share. I really like this stock and think the $40 per share valuation will come at some point. As I said before, the way to make money in these markets is to find the undervalued stock before the market does.

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Apple (NASDAQ:AAPL) seems to be forming an ascending triangle pattern, a bullish continuation setup that typically breaks upward. Breakout watch over 149.78

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In the near term, Tesla, Inc (NASDAQ:TSLA) could remain range bound, but the further upside is expected only on a conclusive close above the $727 levels on higher volumes.

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, CASI, CMMB, INDP, MDVL, TSLA

18:05 | 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 |

Stocks to watch for the week of June 21

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Gaucho Group Holdings Inc (NASDAQ:VINO) has been under accumulation for a couple days now. If volume can pick up I think this stock can break through resistance at $7.19 and re-test its recent highs around $9.03 I took a long position on Friday

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Chemomab Therapeutics Ltd (NASDAQ:CMMB) My long position on this small bio play remains intact. On the technical side, the stock has been pulling back on low volume to test the breakout zone around the $20 area. If this zone is respected next week, I expect that the next rebound will push the price up to $27. Money flow has been very solid over the past days and the accumulation/distribution continues to be bullish, we just might be on our way to higher prices. NOTE: The company has a poster presentation scheduled for Wednesday at the International Liver Congress 2021 (EASL). Analysts' price target range consensus $43

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Xeris Pharmaceuticals Inc (NASDAQ:XERS) Will it break up this resistance level next week? The stock has been forming a bullish flag trend continuation pattern for the past several days, just under the 200-day EMA with a 4.42 buy point. With good trading volume, the stock could be poised to trade higher to test its next level of resistance around 5.09 Long setup on watch.

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Laredo Petroleum Inc (NYSE:LPI) Setting up a possible resistance breakout trade. Go long on the break of 68.31

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Tesla, Inc. (NASDAQ:TSLA) started the day negative but turned things around to close up nicely on decent volume. Keep an eye to see if it can break out above the $635.59 level next week. The stock shows signs of a trend reversal. Trajectories of momentum indicators on daily charts also suggest uptrend for the stock. Long setup on watch.

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Bigcommerce Holdings Inc (NASDAQ:BIGC) 64.33 is the next resistance level that if broken, could send shares back to test the 200-Day EMA at 69.82

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: BIGC, CMMB, LPI, TSLA, VINO, XERS

17:18 | Permalink |

AC Investor Blog

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

Sunday, December 11, 2022

Swing Trade Ideas for the coming week

Saturday, November 13, 2021

Stock setups for the coming week 15-19 November 2021

Saturday, October 02, 2021

Trading setups for next week

Saturday, August 14, 2021

A few names on my watchlist for the coming week

Sunday, July 11, 2021

Here's a list of stocks to watch next week

Sunday, June 20, 2021

Stocks to watch for the week of June 21

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