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Wednesday, August 20, 2014 

Stocks to Watch for Aug 21, 2014

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BlackBerry Ltd (NASDAQ:BBRY) closed on Wednesday at 10.16, gaining 3.15% with 11M shares changing hands. The stock continues to maintain positive trend showing a smart recovery of 15% from the recent low backed by positive moves of trend and momentum. The stock price is likely to test next resistance at 10.44, before showing further up side. Long setup.

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China Finance Online Co. (NASDAQ:JRJC) Nice price movement on high volume today , looks ready to break out into new high territory tomorrow. It's important to maintain tight stops on this one in case of a false breakout.

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China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) Another China stock that looks like it will break out soon, watch this triangle and act accordingly. Volume is starting to build and the stock price may make an attempt to break this triangle. I’m looking for a gap up at the open above $1.50

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Gulf Resources, Inc. (NASDAQ:GURE) gave us a nice move on Wednesday, which could be the start of a bigger move IMO. If the stock price can break through the $2.09 level, we should see a strong follow through move. This move would break the trading range, and should drive the stock back towards July highs.

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Biostar Pharmaceuticals Inc (NASDAQ:BSPM) Stock broke through resistance at $1.79 accompanied with high volume. We should be able to see some decent upside movement for the bulls 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

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22:23 | |

Saturday, January 04, 2014 

Stocks to Watch for January 6, 2014

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Shares of Vringo (NASDAQ: VRNG) surged 7.22% on Friday to 3.12 after a court in Virginia ruled in its favor against Google, AOL Inc. and others . On the technical side, the chart above now shows more positive sign, as the stock price is now back to uptrend with %K line rising on top over %D line and MACD shows a bullish cross. This could be probably a good time, to start accumulating the stock. Watch for possible gapper on Monday.


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Is China Techfaith Wireless Comm. Tech. Ltd (NASDAQ:CNTF) on your Radar ? It Better Be !! As can be seen by the technical chart above, the stock price has been making higher highs and higher lows on daily charts after bottoming in early August. The stock price broke out of a small flag consolidation yesterday and looks perfectly placed to move towards $2 again. Momentum indicators suggest that bias is still to the upside and AC/DT line shows that the stock has been under strong accumulation. Take a look at the technical chart above and you can see the recent spikes on heavy volume. In addition, the company has strong fundamentals and an attractive buying price. Stop 1.33 ( 200EMA which has been supporting the uptrend so far since August). My first tartget is 2.25-2.30

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Corning Incorporated (NYSE:GLW) continued its bullish momentum yesterday, topped at 17.96 and closed at 17.89. I definitely like the way its trading at this moment and at some point I think the stock price will leap over $18. Do not forget about the potential of this company after the recent positive news. Long setup.

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YY Inc (NASDAQ:YY) Stock price broke out of a three-month consolidation period on heavy volume, making a new all-time high over 58. From a technical standpoint the MACD generated a buy signal last week, plus the RSI turned upward. The stock looks good for more.

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Citigroup Inc (NYSE:C) is looking pretty good now after breaking out of a small bull flag pattern to the upside on expanding volume. The MACD is positive and above its signal line and the RSI is also rising. Watchout for upcoming resistance at 53.68.

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Twitter Inc (NYSE:TWTR) Short-term bullish bias continues, ready to break 71 next week ? The stock price had a significant bullish momentum last week, closing Friday above 67 on solid volume. As you can see on my hourly chart, price seems ready to test a key short-term resistance level at 71. A clear daily close above that level could trigger further bullish scenario testing 73.60, 73.75 even 74.73. On the downside, only a daily close back below 66 area could be a threat to the current short-term bullish trend, testing 65 area or lower. Have no position, just watching.

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Brocade Communications Systems, Inc. (NASDAQ:BRCD) is close to attempting another breakout. This strength is confirmed by price movement as well as momentum indicators. Fresh exposures may be considered on a move past $9.03, with a stop-loss at $8.44.

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JDS Uniphase Corp (NASDAQ:JDSU) Stock price has recaptured the 50-day exp moving average with a very nice reversal candle. Look for follow-through on Monday with increasing volume to confirm Friday's move.

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WidePoint Corporation (NYSEMKT:WYY) had a healthy pullback last week. Friday's rally could be the start of the next bull trend. I'm still holding my 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

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12:06 | |

Saturday, September 13, 2008 

Global Financial crisis and some Trade Ideas for next week

The financial crisis catapulted the financial markets for the worst period of the decade. For more than a year that the financial markets are living depressed times due to the growing pessimism among investors in the face of problems, no end in sight in the financial sector, the "brake" of the economies and the expectation of worsening results among the big companies. The losses in small and large investors have been brutal over the last months, especially for those who had betting in long positions since October of 2007. Twelve months later, we have almost all indices testing the lows. But nor always we should look for the falling markets as a synonymous of losses. There are lot of people worldwide that have made big fortunes with the deception of others. For those who in October 2007 invested in short positions, just in the beginning of the current crisis, can now collect capital gains exceeding 65% as a whole. It has been good times for bears and bad times for bulls, and now? Where we go…….. Technical and fundamental indicators still not showing brilliant signs, but I start seeing some light in the end of the tunnel with the end of the actual presidency. In addition, the election time always brought signs of change; therefore it's hard to believe in a new period of disbelief and economic pessimism. Let’s see what the next 12 months will bring to the market. I’m betting for a new wave of growing, it could take some time to assimilate but I'm sure it will start next year. There sure is a lot of money on the sidelines and a lot of talk of the yearend rally.

Chart courtesy of stockcharts ( click to enlarge )

Juniper Networks (JNPR) has already recouped its recent losses and looks poised to break resistance at 26.50. The technical chart shows positive sign as the stock has been on the upside since late July and the stock has been above the 50-day moving average since that date. A few more positive session could bring MACD back above 0 meaning bull market. Stay tuned on JNPR.

Chart courtesy of stockcharts ( click to enlarge )

CNTF - Daily chart above shows that it is still to early to say that the downtrend has ended.

Chart courtesy of stockcharts ( click to enlarge )

HLX - Broken supports turns into resistance. Stock needs to break $28.47 to turn bullish.

Chart courtesy of stockcharts ( click to enlarge )

CIEN - Looking at the daily chart, it shows weak sign as the stock is still trading below 50 day and 200 day moving average. Another weak sign is MACD which is still below 0. On the other hand, ROC shows the stock is oversold and with volumn spiked as K line crossed on top of D line this is probalby the time that the stock would finally reverse the downtrend. I'm still Bullish on CIENA.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Monday !!!

AC

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01:01 | |

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  • I'm a 44 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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