AC Investor Blog

Several trade ideas for the coming week

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Remember some of you might be long Chimerix Inc (NASDAQ:CMRX) from my comments back on October 26th in my last weekend newsletter. At the time I stated that stock had formed a Doji candlestick on daily, which could mean bears power is slowing down and a signal a reversal. If you bought, congrats you are doing well, currently it's trying to take out the next major resistance level at 1.62

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BIOLINERX LTD/S ADR (NASDAQ:BLRX) volume was sharp yesterday and we could be looking at the beginning of the next rally. Company will present next week two posters at the Society for Immunotherapy of Cancer (SITC). Let's see what next week brings. Im long and will add more on the break of its declining 100-day EMA at 2.92

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Xunlei Ltd (NASDAQ:XNET) this is a stock that is still flying under the radar of so many traders. Looking at the hourly chart, the uptrend remains intact and with continued buying pressure I am looking for this stock to hit and pass its recent high at 6.83 If you are long, play it with a tight stop. The rising hourly EMA20 has been a good support zone.

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Arcadia Biosciences Inc (NASDAQ:RKDA) I suggest you keep this stock on your radar. The accumulation/distribution line remains elevated in the midst of the price decline, showing that buyers are still active. At some point I think it will post an impressive rally IMHO. Note:Earnings after market close on November 6. On watch.

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Navidea Biopharmaceuticals Inc (NYSEAMERICAN:NAVB) could be at the beginning stages of a bounce. One that could ultimately take this stock back over $1.10 and beyond. I took a long position on Friday for a swing trade.

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Skyline Champion Corp (NYSE:SKY) had a strong bounce off the rising 100-day EMA on Friday accompanied by a nice pickup in volume. From a technical standpoint, daily technical indicators are back in bullish zones. The MACD is rising and in the positive territory. RSI is above its 50% level and the stock is back above all five EMAs. Watch this bullish consolidation for the next directional clue. Long setup on watch.

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Amneal Pharmaceuticals Inc (NYSE:AMRX) Strong move yesterday on solid volume. Traders should watch for a potential breakout over 3.48 The daily MACD is positive and above its rising signal line. A breakout above this key resistance could take the stock much higher as the daily technical chart shows little resistance. Long setup on watch.

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T2 Biosystems Inc (NASDAQ:TTOO) continued to show strength with another gain. Friday's rally put shares above the upper line of the triangle (resistance zone), which is a bullish sign. The technical daily chart looks bullish with a short-term target of $3.21 SL 2.19 rising EMA100

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Apollo Global Management Inc Class A (NYSE:APO) broke out in impressive fashion yesterday. I think we will see some nice follow through on Monday.

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Apple (NASDAQ:AAPL) hit a new high yesterday and continues to draw interest. I would keep a close eye on this stock going forward. Any pullback to the 9-day EMA offers a low risk entry opportunity for these types of trending stocks.

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Valeritas Holdings Inc (NASDAQ:VLRX) is starting to work its way through some heavy resistance. I would not be surprised if this stock finally gives investors what they have been waiting for. Company had great news recently. I still accumulating shares at current levels.

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Eltek Ltd. (NASDAQ:ELTK) another low float play basing nicely. On my fireworks list.

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, AMRX, APO, BLRX, CMRX, ELTK, NAVB, RKDA, SKY, TTOO, VLRX, XNET

14:29 | Permalink |

Stocks to Watch for October 28, 2019

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Reebonz Holding Ltd (NASDAQ:RBZ) opened strong at 1.47 and rallied to a day high of 2.40. This mini-explosion was sufficient enough to deliver net realizable intra-day gains of up to 70% and for those of you that made good on RBZ’s gain potential, congratulations. As i tweeted i entered at 1.22 in Thursday's afternoon. Friday’s performance of RBZ was marked by an explosion in volume and bullish investor ensured that no fewer than 14 million in volume. Towards the end of the session things went a little south, but nothing alarming enough for me to worry about. The moderate dip is probably just a few traders taking profits before the weekend like i did. I hope that some, if not all of you, were able to make something of RBZ’s delivery of gains in Friday’s session. The stock hit a high of $2.4, which is resistance for Monday’s move. If the stock can break through this level next week, I expect to see another strong upside move to $2.75 and better.

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Phunware Inc (NASDAQ:PHUN) is starting to heat up and I expect to see it trading above $2 or better very soon. This bottom play has started to bounce nicely off its bottom and the momentum indicators are giving a clear picture of a short-term upward bias. I would not be surprised if it hit $2.4 at some point next week. Let's keep an eye on PHUN as i think momentum will pick up thanks to RBZ momentum. I like this as a sympathy play off Friday's RBZ move.

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Valeritas Holdings Inc (NASDAQ:VLRX) Calling a bottom in this market is always extremely difficult, but in my opinion this technical daily chart is showing some positive momentum divergences. Honestly, the selling pressure seems to be losing momentum and Friday we saw unusual volume one hour before the close. If the stock can hold the support around 1.2-1.25 we may see a bounce to $2 or more very soon. The fact that the company is now trading below cash levels also provides further protection. I bought this stock on Friday. Keep in mind, low float mania is back and I am always eager to find these kind of setups (Solid bottoms with positive divergences) and act on them in these times of euphoria. Long setup on watch.

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SRAX Inc (NASDAQ:SRAX) appears to be poised for a nice bounce off this bottom. In my view, it has formed a bottom in short-term and I expect a move past 2.07 to take the stock towards the target of 2.68 with stop-loss at 1.80 The stock seems to be undervalued at current levels.

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Vipshop Holdings Ltd (NYSE:VIPS) stock continues to act strong setting new highs. Daily technical indicators are looking quite overbought but can stay there for long periods of time. Might pause but looking to add on any dip.

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Overstock (NASDAQ:OSTK) finished the day up 5.51% on solid volume of over 2.8 million of shares exchanging hands on the day. The momentum in the short-term remains bullish, with MACD trending upwards above its signal line. Go long on the break of Friday’s high at 11.47 with a SL at 10.5

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Chimerix Inc (NASDAQ:CMRX) has managed to regain its footing in recent trading with a Doji candlestick on daily, which could mean bears power is slowing down. This may signal a reversal. Bounce time.

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: CMRX, OSTK, PHUN, RBZ, SRAX, VIPS, VLRX

18:01 | Permalink |

My Watchlist for Tuesday, August 23

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Amedica Corporation (NASDAQ:AMDA) broke out into the gap area on heavy volume and there is a high probability for a trend continuation in the next sessions (closing gap). Daily technical indicators are showing signs of turning around.

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Chimerix Inc (NASDAQ:CMRX) displayed some impressive relative strength today with a 9% gain on volume above average. I think we will see some nice follow through tomorrow. The next major resistance area is around the $5 level. Could be a high flyer on breakout.

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If you like trading under cash small bio caps, check out this stock: Carbylan Therapeutics Inc (NASDAQ:CBYL). The company has $1.33 per share in cash but trades at 57c. From a technical standpoint, if the stock can break out above the 60c level with heavy volume, I think the stock could shoot up to test 70c area. There looks to be good upside potential, so watch the stock very closely on Tuesday. I started a position today.

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Glu Mobile Inc. (NASDAQ:GLUU) possibly basing for breakout. With the daily momentum indicators showing positive divergences on daily chart, I think a push to $2.5 or better could be in the making. Today's high volume could be a signal for trend change and the beginning of a potential major move higher.

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Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) could move toward 10 area if it breaks current horizontal resistance at 9.36

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Cesca Therapeutics Inc (NASDAQ:KOOL) was on my bottom scan at $4 on Friday and hit a high of $4.92 today. A good example of why bottom plays can be very lucrative, if you buy in at the right time. On the upside, I expect tough resistance at $5

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Ocean Power Technologies Inc (NASDAQ:OPTT) stock has been consolidating in recent weeks and is currently trading sideways.Watch for a possible breakout out of current consolidation (symmetrical triangle).

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: ACHN, AMDA, CBYL, CMRX, GLUU, KOOL, OPTT

21:58 | Permalink |

Stocks to Watch for July 28, 2016

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Minerva Neurosciences Inc (NASDAQ:NERV) had a great move on the upside today and closed at $11.91. It seems like the stock is setting up to breakout. I will be watching the stock very closely tomorrow as this can be a good trading stock, but it will move quickly. From a technical standpoint the stock looks to have built a nice small flag formation and wants to make an upside move. You want to keep NERV on your screen for Thursday’s trading. First possible target price for this stock is at $13.20 and have to see from there.

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IntelliPharmaCeutics Intl Inc (NASDAQ:IPCI) With the move up today (4.29%) on volume the stock may have put in a bottom, possibly a temporary bottom, but perhaps still a bottom. We need to get another up day with nice volume to solidify this as a bottom. Short-term technical indicators are suggesting bounce is likely to continue further and I believe we could see a rally up to $1.92-1.98 in the next sessions.

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BlackBerry Ltd,(NASDAQ:BBRY) is very bullish now with a lot of hot indicators showing up. The slope of the recent upward move is very steep accompanied by increasing volume. The stock closed at $7.58, up 35 cents (+4.84%) on volume of 7.79 Million and price finally broke out from the horizontal resistance mark around $7.48. All indicators are in favor of an upward price movement. Key intermediate resistance for the stock however exists in the zone between $8.15 and $8.30. This momentum could push this stock much higher from here, so keep it on the radar.

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Chimerix Inc (NASDAQ:CMRX) presents a potentially lucrative opportunity with several daily technical indicators suggesting it could make a big run very soon. Looking good for $4.27 breakout.

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Compania de Minas Buenaventura SAA (NYSE:BVN) Nice looking breakout with volume. The stock hit a high of $14 which is now resistance for Thrusday’s follow through move.

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Ballard Power Systems Inc. (NASDAQ:BLDP) New highs on strong volume. Go long on the break of Wednesday’s high at 2.12

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SCYNEXIS Inc (NASDAQ:SCYX) has appeared recently on my blog for a potential move higher. Looking at technical chart above, you can see for yourself that the recent gains have come on relatively strong volume while some key indicators are displaying positive divergences. Looks like we might bounce back into the $2.35 area and have to see from there.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: BBRY, BLDP, BVN, CMRX, IPCI, NERV, SCYX

22:24 | Permalink |

This is my watchlist of stocks for Monday

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What a week my readers/twitter followers had with some amazing gains on multiple stocks from my watchlist. Some of you may remember my Tuesday's post about this monster stock alert. Kura Oncology Inc (NASDAQ:KURA) closed the week with a gain of 79.58% over the previous week. The stock showed great momentum and had great trading volume. If you're still in KURA make sure you have your downside protected. Congratulations to all of you that took advantage of this pick and think of me when you spend some of your well-earned gains. I will wait for a pullback to enter long again.

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Calithera Biosciences Inc (NASDAQ:CALA) is one for the bottom pickers. The stock has had a rough time over the past weeks but the selling pressure seems to have dried up. The selling that brought the stock to $3.24 has slowed, and since last week the accumulation has been building. Strong volumes and sharp volatility indicate investor uncertainty which often precedes a trend change. In my view, the stock has formed a bottom and I expect a move past 3.66 to take the stock towards the target of 4.20 with stop-loss at 3.20. From a technical standpoint, there are some signs of an imminent bounce due to the positive divergences (MACD Hist, RSI & CMF), which often leads to short covering. Plus, the Parabolic SAR triggered a Buy signal for the first time since May. Fundamentally, the stock seems to be undervalued at current levels with a good balance sheet and zero debt. The percentage of shares held by institutional and mutual fund owners is 75%. A big bounce could be brewing.

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Relypsa Inc (NASDAQ:RLYP) Earlier this month, the stock broke the downtrend line and cleared the declining 200-day EMA on expanding volume. Price pulled back last week on low volume and successfully tested the 200-day EMA (new support / prior resistance). Following a short-lived pullback, the stock resumed the upside Friday with a big bullish candlestick on solid volume. This could lead to a test of the 21.98 high within the coming days, which is why RLYP has been added once again to my watchlist for next week. From a technical perspective, the key EMAs I monitor (9-day EMA, 13-day EMA, 20-day EMA, 50-day EMA and 100-day MA) are confirming the recent strength in the stock. On the daily technical chart above, notice the 20-day EMA (light blue line) crossed above the 100-day EMA (Pink line) late in June. Also, the 50-day EMA is now above the 100-day EMA and trending higher. Plus, the MACD is rising above its signal line in positive territory and the RSI has moved above its 50% level. A move above $21.98 next week opens the door to $25. I continue to support the idea of a significant rally, probably even above the April highs. The bulls remain in control as long as it continues consolidating its recent move.

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Chimerix Inc (NASDAQ:CMRX) Rallied over 5.5% Friday on decent volume. The stock is trading near the high end of its one-month range. A break of this key resistance level (4.07/4.10) would send it to 4.56. All major indicators are displaying bullish signals.

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Rambus Inc. (NASDAQ:RMBS) finally closed the week above the $12.50 mark, gaining 64 cents or 5.28% since last week’s closing, to settle at $12.75. A break over Thursday's high could push it to test $13.25. All short-term EMAs are rising and the stock is trading above them. The bulls are back in control.

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Apple Inc. (NASDAQ:AAPL) has been in an upwards trend the past few days and looks ready to continue this move. To confirm the reversal, price needs to close above the declining 100-day EMA with heavy volume. The short-term trend is bullish as the stock is above all key short-term exponential moving averages. Additionally, MACD lines are going up and RSI still climbing. I suspect the stock may continue to appreciate over the coming days. Stop should be placed around 96 (rising 20-day EMA). Keep this one under radar.

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Westport Fuel Systems Inc (NASDAQ:WPRT) In a Potential double bottom formation. The immediate resistance is around 1.57/1.6 which the stock will likely to test next week. A close above this key resistance area is a pre-requisite for the reversal of the bearish trend.

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I continue to watch Zagg Inc (NASDAQ:ZAGG) because the volume is still large, so the stock could potentially break out again at any moment. Keep an eye for a possible breakout over $6.51 The technical daily chart still showing a bullish bias.

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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, CALA, CMRX, KURA, RLYP, RMBS, WPRT, ZAGG

21:09 | Permalink |

Stocks to Watch for June 01

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I see Relypsa Inc (NASDAQ:RLYP) on verge of breaking up out of compression (10m chart). I expect to see a strong upside move if the stock can break through this resistance level. Watch the stock closely on Wednesday.

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Chiasma Inc (NASDAQ:CHMA) looks like a bottom formation here. A breakout over $3.30 with strong volume would send this flying. I went long today, I see $4 move coming.

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Second Sight Medical Products Inc (NASDAQ:EYES) is another potential bottom play. The stock saw continued buying pressure today. I think current levels offer a great chance to play a rebound in shares. Long positions can be considered with a stop loss of 3.62 on daily closing basis. Initial targets are 4.50 and 4.98

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BlackBerry Ltd (NASDAQ:BBRY) is quickly approaching a big breakout if the stock can manage to trade above $7.33. A strong volume move above that level, could set the stock up to retest its March highs.

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Cliffs Natural Resources Inc (NYSE:CLF) was one of the winners on Tuesday, as the stock closed up $1.21 on the day. If the stock can break Tuesday’s high of $4.33, we should see a continuation move.

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Chimerix Inc (NASDAQ:CMRX) There are several 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 $5.5-5.60, at the very least. Keep CMRX on your screen for Wednesday’s trading session.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: BBRY, CHMA, CLF, CMRX, EYES, RLYP

22:17 | Permalink |

Stocks to Watch for May 13, 2016

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Chimerix Inc (NASDAQ:CMRX) I think this stock has a good chance to run to the $5 level again if we see some strength in the biotech sector tomorrow. Major insider purchased 25K shares between $4.75 - $4.85 this week. Usually when insiders buy shares, especially in large amount, it is a clear sign that positive things are coming. From a technical standpoint the stock looks poised for a possible trend reversal, after dropping to the $4.55 level forming a potential double bottom on Hourly. This, along with oversold readings, could lead to the start of a short-covering rally. This company has a strong financial position with $314.5 million in capital and ZERO debt. Keep watching the stock.

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Oasis Petroleum Inc. (NYSE:OAS) Alert for $9.80 in case this one decides to breakout. The MACD Histogram and stochastic oscillator have turned up and RSI is again moving upward.

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Exelixis, Inc. (NASDAQ:EXEL) had a big pop today and the stock price finally broke out above the 5.18 resistance level. Go long on the break of Thursday’s high at 5.26

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Endo International plc (NASDAQ:ENDP) rebounded on solid volume in the last hour of trading. Gonna have to watch it carefully tomorrow to see if we have hit bottom and should grab some for the ride back up. Watch the stock closely.

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DRDGOLD Ltd. (NYSE:DRD) Broke out to new highs today on solid volume. I think we will see some nice follow through tomorrow.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: CMRX, DRD, ENDP, EXEL, OAS

22:14 | Permalink |

AC Investor Blog

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

Saturday, November 02, 2019

Several trade ideas for the coming week

Saturday, October 26, 2019

Stocks to Watch for October 28, 2019

Monday, August 22, 2016

My Watchlist for Tuesday, August 23

Wednesday, July 27, 2016

Stocks to Watch for July 28, 2016

Saturday, July 16, 2016

This is my watchlist of stocks for Monday

Tuesday, May 31, 2016

Stocks to Watch for June 01

Thursday, May 12, 2016

Stocks to Watch for May 13, 2016

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