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Saturday, February 08, 2020 

8 Setups to watch next week

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Tesla, Inc. (NASDAQ:TSLA) stock seems to be basing on the 15m chart around its short-term EMAs as the recent downtrend looks to finish, and a break past the $760 resistance could mark a short-term reversal of the price action. On the other hand, if the stock breaks the support in the low 722's on heavy volume,it can go down again to 685-680

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CounterPath, Corp. (NASDAQ:CPAH) is another stock I am watching closely. The stock broke out on volume last week with no news confirmed by a Bullish MACD crossover on the 4h chart. The next major resistance levels are $2.46 and $3.15. If this rally does come to fruition a quick 30-50% gain, possibly much more, is not out of the question. I doubled my position on Friday. As i tweeted, im expecting more positive news from the company very soon.

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Tetra Tech, Inc. (NASDAQ:TTEK) broke out from a sidewards movement last week creating a significant amount of bullish potential. The daily technical chart above shows very strong upward momentum as the stock is above the 20/50 and 200-day exp moving averages. All indicators still point to a bull market. The measured move of the pattern yields a price target in the range of $97 to $98. Looks buyable on dips to around 91

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My Size Inc (NASDAQ:MYSZ) showed relative strength ended Friday green despite indices being red, breaking a falling wedge pattern. Lets see if we can get a move back over $3 next week. Volume history shows this stock won't need too much buying pressure to explode higher.

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Sunworks Inc (NASDAQ:SUNW) the company has done so many positive things in the last months including reducing the outstanding balance of its $3.0 million senior note due January 31, 2021 by $1.5 million. Currently at 90c this stock could be one of those huge penny stock runners. Patience is difficult in this particular market but can also pay of handsomely. I took a big position on Friday. The rising of the money flow index is telling us something ;)

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Twitter, Inc. (NYSE:TWTR) Buy or sell the break of the trading range on the 15m chart. No clear direction yet. A break up will bring the price to repeat the test of 38.5. Break down, will allow the bears to go to 35.

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Vaxart Inc (NASDAQ:VXRT) has been basing for more than two weeks now, and is trying to gain sufficient momentum for a breakout. If the stock clears resistance at 1.25 the move may be powerful. SL $1

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Pacific Gas and Electric Company (NYSE:PCG) may be ready to break out of this sideways consolidation. Potential swing long above 17.46

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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17:04 | |

Saturday, February 01, 2020 

Stocks to watch for the coming week, including coronavirus plays

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Co-Diagnostics, Inc. (CODX) surged 20.7% or 56 cents to $3.26 after the company announced yesterday the successful initial verification of its screening test designed to identify the presence of the novel coronavirus and the test will soon be ready for validation in and subsequent distribution to any appropriate venue across the globe. The technical indicators still indicate a bullish tone in short-term. The major support level is located at $2.6 and the resistance is still at $3.60 Above this key level, stock has resistances at 3.77 (January 2019 high) followed by 6.66 (2018 Highs).

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BOQI International Medical Inc (NASDAQ:BIMI) finally broke the trading range it had been into from many weeks on the upside and managed to closed above it which is a positive sign for stock. The next major resistance stays at $5.70 Daily technical indicators are turning bullish. MACD is rising above its signal line in positive territory and RSI has reached its overbought zone. Buyable on a pullback ot its pivot zone.

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ShiftPixy Inc (NASDAQ:PIXY) Do you remember this stock? The same i mentioned (Stocks to Watch for December 19, 2019) as a potential bottom play few days before the big run to $27.5 now what? The stock is back to its prior levels and i started buying again. The bounce off the recent sell-off lows $7.50 could potentially be the start of an even higher move. I think this bodes well for another big bounce from current levels. First target $12

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CounterPath, Corp. (NASDAQ:CPAH) nice pullback on very low volume yesterday while MACD continues displaying a positive divergence. Added some for next leg up. Keep in mind, The company has partnered recently with Honeywell to create Smart Talk (the software solution enables workers to improve collaboration in several places including Hospitals). With more countries suspending travel to and from China due to the coronavirus problem, these stocks should be definitely in your radar screen next week. With nearly 20 years of experience, CounterPath is an industry leader in VoIP applications and has more than 20 million activations worldwide. From a technical standpoint, daily technical indicators have corrected oversold conditions, and are turning bullish now displaying positive divergences. With almost 15% of the float short, positive divergences, a basing chart pattern and a potential hot sector, these are the ingredients for a short squeeze.

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Novavax, Inc. (NASDAQ:NVAX) is getting ready for a breakout of the upper line of the large bull flag. Buy point would be on the day it blows through $8 on heavy volume.

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Cleveland BioLabs, Inc. (NASDAQ:CBLI) rallied hard Friday on heavy volume. If it clears back over 4.65, may have some good upside. SL 3.32

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Seneca Biopharma Inc (NASDAQ:SNCA) I have been following this stock for a few days now and surprisingly it showed some strength yesterday on volume in a depressed market. On the momentum front I'm seeing some positive divergences in several key momentum indicators, but this are not confirmed yet, as prices have not shown a confirmed reversal. Momentum oscillators are neutral to positive. The stock needs to break Friday’s high of $1.22 to expect a strong rally at this point. This stock was trading over $4 a share two weeks ago. Im long.

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Genprex Inc (NASDAQ:GNPX) is starting to make a move to break through the top of its range. This is a good stock to watch and once it breaks through $2 on a close basis the stock should move.

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Give Microbot Medical Inc (NASDAQ:MBOT) a close watch for a big bounce. Notice how the MACD on daily chart is starting to curl up, the grey histogram bars are starting to turn back to zero, showing that the recent downtrend is changing in the opposite direction. Plus, the stock has reached a major support level, where it bottomed out several times before. This low float could see a big bounce in the coming sessions.

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Ibio Inc (NYSEAMERICAN:IBIO) wait for the break of the box. An upside break of the trading range would signal a continuation of the rally from the November lows. Breakout watch over 34c

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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15:23 | |

Monday, January 20, 2020 

Here are a few trade ideas for this week

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Kirkland's, Inc. (NASDAQ:KIRK) after consolidating for several weeks broke upward on Friday hitting $1.63.  This could be the start of a rally to $2+ The daily technical indicators are suggesting bullish conditions. The RSI is about to enter its overbought zone. The daily MACD is above its signal line and barely positive. The bears appear to be fighting hard, but the bulls are slowly regaining control. Long setup on watch.

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Janone Inc (NASDAQ:JAN) broke the ascending triangle formation last week accompained by volume. I think the trend is up and Friday's pullback could be a good opportunity to get into the bullish trend. If this stock is not on your watch list, now would be a good time to add it. The technical indicators are looking bullish. The RSI has re-entered its bullish zone. The MACD is positive, and above its rising signal line. Long setup. This low float runs very fast.

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Novavax, Inc. (NASDAQ:NVAX) Good breakout on high volume last week. Buyable on a pullback to the pivot. Near-term trend has shifted to bullish with short-term EMAs crossing over the medium-term EMAs.

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Lattice Semiconductor Corp (NASDAQ:LSCC) a great trading session for this stock and from a technical standpoint this stock could continue to impress. Increased volume supports the bullish view for the stock. Add it to your watchlist next week for continuation. Any pullback should be considered an opportunity for entry into the stock, as estimates continue to rise. SL rising EMA100

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SAFE T GRP LTD/S (NASDAQ:SFET) looks poised for a break to the upside. The stock has been floating around this range for several trading sessions in a row and I think the stock could see a sharp move higher from here. This is one of those stocks that could rise $1 - $2 in a hurry if buying pressure comes in. This is a stock to watch going forward.

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CounterPath, Corp. (NASDAQ:CPAH) After a typical pullback the stock has found a nice support around the 2.30 level and might be reversing (bouncing). It might attempt to breakout above $3.15 level again next week and if it succeed we should expect another strong move to the upside.

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Hepion Pharmaceuticals Inc (NASDAQ:HEPA) Another one with a nice look. Go long on the break of Friday’s high at 5.9 using the rising EMA100 as SL.

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Pulmatrix Inc (NASDAQ:PULM) had a nice surge in price and volume last week. The stock has consolidated over the last couple of days in a bullish flag formation and appears ready for another breakout. The stock hit a high of $1.7 on Friday, which is the immediate resistance for next leg up.

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Nio Inc (NYSE:NIO) is bullish with a lot of technical indicators showing up. The slope of the recent upward move is steep accompanied by increasing volume. This momentum could push this stock much higher, so keep the stock on your radar next week. The stock is now testing the next resistance area around,4.85, wait for it to clear on heavy volume and go long.

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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16:39 | |

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  • I'm a 48 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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