AC Investor Blog

A few trade ideas for the last week of June 2022

Dearest followers,

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Longeveron Inc (NASDAQ:LGVN) mounted a late day run on Friday that featured a frenzy of buying almost exclusively at the ask. You really have to like how this stock closed on Friday, near the upper line of the falling wedge pattern. This chart is one to watch for a potential bottom. The Daily MACD is starting to curl and I could see this stock recovering at least 30-50% from here. We could be in the early stages of a nice rally for this stock. Keep a close eye on it going forward. Just 4.37M shares float per Finzv and it has a 52-week high of $45. I am buying this Alzheimer Stock.

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AMC Entertainment Holdings Inc (NYSE:AMC) I can't identify any pattern here, but I can identify a potential big short squeeze due to its enormous short interest. I think Cliff committed a big mistake last week by provoking the apes. The Karma here could play a big rool by destroying the egocentrics. Watching closely the break and close of the $13 price level. Im long.

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Cyren Ltd (NASDAQ:CYRN) This Cyber name has been trading in a very tight range and looks poised for a breakout. The daily MACD and ADX are in buy mode. The stock trades quickly and I think at some point it will post a rapid ascent. Keep a close eye on this one.

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Nvidia (NASDAQ:NVDA) The daily technical indicators are displaying good signs. Watching for a breakout soon.

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Farfetch (NYSE:FTCH) made a nice move last week and it was with an increase in volume. Next resistance level for the stock is $10.04, but do not be surprised to see some additional resistance at the $10.75 price level. Let's keep an eye on FTCH as I think momentum will pick up again.

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Verve Therapeutics Inc (NASDAQ:VERV) cleared resistance on expanding volume and looks ready to extend its gains. Keep on watch list.

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Orbital Energy Group Inc (NASDAQ:OEG) looks to have found a bottom here around 71c, so watch for a breakout above 84c first for confirmation. Technicals are turning up from very oversold levels. Insiders have been buying and I also took a long position following the smart money.

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Watch carefully this potential double bottom formation in Cyngn Inc (NASDAQ:CYN). The pattern needs to confirm by breaking above the $1.80 resistance. If that break occurs, the stock should be ripe for a long trade. All technicals are looking bullish in the short term.

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Citigroup Inc (NYSE:C) is displaying a short upside momentum. Short-term traders could go long once the share price breaks abv the $48.34 price level. Although this trend is encouraging, the medium-term outlook stays cautious till the stock closes conclusively above $54.25 on heavy volume.

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The break of this key resistance line EMA50 with heavy volume should be the next buy point on BioXcel Therapeutics Inc (NASDAQ:BTAI). If it clears resistance at $12.6 the move may be powerful.

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, BTAI, C, CYN, CYRN, FTCH, LGVN, NVDA, OEG, VERV

22:25 | Permalink |

Some small-caps are showing surprising resilience, worth a look

Small cap stocks have heated back up this month and should continue to gather some attention due to its historical low valuation that a lot of stocks are hitting. I brought charts which I think will get some interest in the coming days. The point of this post is not to say that large caps are not also providing good setups for next week, but rather taking the opportunity to explore the good momentum of the small cap market and find out the best setups that could provide us great/highly lucrative swing trades (breakout or bounce).

I don't care if the market goes down or up. I'm here to trade and make money in whatever the market offers. If you are afraid of a recession or a market selloff, go home, this market is not for you. A real trader, trades in all types of markets. You don't need to trade everyday in my opinion to make money in the stock market. Wait for a good set up to show up and then bet what you can afford. Waiting for the right trade to show up is the most difficult part of the trade. Let me share some trade ideas.

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Kidpik Corp (NASDAQ:PIK) stock is back to levels it previously bottomed out in March. I took a position on Friday as I suspect that it could provide another great swing trade from current levels. As you know, the last time I traded it we made a huge profit. Let's wait and see now.

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Cyngn Inc (NASDAQ:CYN) Last week the stock finally filled the gap from late April. Daily MACD is starting to curl to the upside which is showing signs this may be nearing a bottom point.

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Cyren Ltd (NASDAQ: CYRN) The good news bolstered the stock last week and could signal another potential rally for this stock. It certainly deserves watching going forward. Breakout watch over 2.65

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E-Home Household Service Holdings Ltd (NASDAQ:EJH) A quick burst of buying pushed this stock above the EMA20 before closing the day at $.38. It's taking less volume to move this stock. If the buyers continue to surface on Monday we should see $.50 - $.75 in the short term. Plus, broke and closed above the downtrend line, signaling a potential trend reversal.

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AeroClean Technologies Inc (NASDAQ:AERC) just keeps heading higher. I like the way its been trading lately. Breakout watch over 14.23

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I know many have lost money on Blue Apron Holdings Inc (NYSE:APRN) as it continues to fall, but at some point this stock will find a bottom and post a strong rally. Could it be right here at $2.53? I would like to point out that Sanberg Joseph N. purchased more than 3M shares at $12 per share on April 29th. More than 30% of the float is sold short. This is a potential big short squeeze play.

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Sharplink Gaming Ltd (NASDAQ:SBET) has started to break out after trading near its all-time lows for several weeks. I like this stock and I think it can post big gains at some point in the future.

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: AERC, APRN, CYN, CYRN, EJH, PIK, SBET

19:12 | Permalink |

8 Technical Setups to keep an Eye On

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On Friday, the stock Blackberry (NYSE:BB) broke above its neckline of the inverted Head and Shoulders pattern, as well as its 50-day exp moving average (EMA). This should open the door to a run back towards prior highs near $8, while the measured move of the pattern would suggest $7.63. The 6.20 price level now represents near-term support.

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When ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI decides to take a 12% stake in a small/medium bio company people listen. If investors continue to buy and hold shares of RNLX knowing that the low 22.48 million outstanding share count provides them a better stake than their more portly brethren, the amount of Renalytix PLC shares in circulation will quickly disappear. Shares have traded below $4 for the very last time in my opinion. Daily chart also suggests a bullish outlook on a medium-term basis. I do think it is only a matter of time before this $4.2 stock heads to $5.85-$7 and beyond. Those who read the 13G form on Friday will be rewarded with some serious gains as this news gets digested with a surge in RNLX shares. This is a stock to add to your watchlist, if you haven't already done so. It should be interesting to watch going forward.

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Imperial Petroleum Inc (NASDAQ:IMPP) shares skyrocket amid rising in Oil prices. This is a serious gap fill candidate on Tuesday.

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RiceBran Technologies (NASDAQ:RIBT) had a shakeout this week as the fake news surrounding the RS caused a spike in volatility. However, the structure of the stock didn’t change. In fact, stock prices might be bottoming out as a golden cross is starting to form. During such volatile moves, the best thing to do is to zoom out and check the stock on the higher timeframes, as those often give you an indication of the critical levels to watch. These critical levels to watch are still found between 50c and 54c. As long as that region sustains support, upward continuation is likely. On the upside, RIBT has to break through 78c, as that is the current resistance. I'm still long.

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Arcadia Biosciences Inc (NASDAQ:RKDA) broke out of a Flag consolidation on daily charts, suggesting resumption of the uptrend.

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Cyngn Inc (NASDAQ:CYN) The stock has lost nearly 70% of its value since the beginning of the month of May, closing on Friday near the major support zone. I expect a strong bounce back soon especially after Qualcoom Friday's news.

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Billionaire Israel Englander increased its stake on Assembly Biosciences Inc (NASDAQ:ASMB) by 300%, picking up more than 1M shares in Q1. The accumulation continues with this stock. We've seen how quickly the stock can head higher with buying and with interest still strong in this issue, I suspect another rally is in the cards. Keep this stock on your radar.

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Nine Energy Service Inc (NYSE:NINE) stock is on the cusp of a major breakout. 15% of the float is sold short, a big short squeeze on the break of 3.45. On high for 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: ASMB, BB, CYN, IMPP, NINE, RIBT, RKDA, RNLX

17:31 | Permalink |

Regional Banks to Watch on Thursday April 07

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City National Corp. (CYN) closed the day very strong, trading 2x normal daily volume and closing near highs. The way the stock closed, leads me to believe there is a buyer in the stock. CYN confirmed today the reversal when it broke up above the $58.48 level. According to the technical chart KD and MACD have already generated a buy signal. In addition , the stock is now trading above 50 day and 200 day moving average, also a bullish sign. This momentum could push this stock much higher from here, so keep it on the radar.

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SVB Financial Group (NASDAQ:SIVB) has been on fire the past few days and today made a new 52-week high of $58.41. I am keeping the stock on the list for the continuation move. The technical chart shows a continuation of the trend with MACD and RSI in the Bullish areas. Watch the stock closely tomorrow and once it breaks $58.41, get ready to jump in and buy the stock with a stop-loss at $56.75.

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I am still watching shares of Banner Corporation (NASDAQ:BANR) due to the recent price action, volume, and momentum. Over the last six months, shares held by insiders increased by 759,574 a 22.9% change in insider ownership. Insiders seem to think their company offer good value at current levels. From the technical analysis perspective, the outlook for Banner is relatively bullish. MFI and OBV are both displaying visible uptrends, indicating accumulation of shares in the market. The only weak spot in the chart is MACD where both MACD and signal line are slightly below 0. The next resistance level for Banner Corporation is now located at $2.43 and then $2.53. A close above $2.53 would be very bullish ! Take a look at the chart above to get an idea about what the technicals are saying, which look good in my opinion... This stock can pop big time on any positive news.

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Other stocks to watch :

Unusual volume in today's trading session

CYCA - Cytta Corp.
VCTY - Videolocity International, Inc
AMSC - American Superconductor
BLOAQ - Blockbuster Inc
PWLK - Task Management Inc.
SINX - Sionix Corp
ORCH - Orchid Cellmark Inc
MON - Monsanto Co
ELN - ELAN CORP P L C
AQUI - Aqua Gold International, Inc.
CLKZ - Clicker Inc
PPBV - Purple Beverage Company, Inc.
DGW - Duoyuan ADR
VHC - PASW Inc.
BLOBQ - Blockbuster B
KRY - Crystallex International
PUDA - Puda Coal Inc
VSHC - VisualMED Clinical Systems Corp.
KRC - KILROY REALTY CORP
FEEC - FAR EAST ENERGY CORP
CBRX - Columbia Laboratories
HILL - DOT HILL SYSTEMS CORP
BLTI - BioLase Technology
TZOO - Travelzoo Inc
OPTR - Optimer Pharmaceutical
WBMD - Webmd Health Crp
NLST - NETLIST INC
PYMX - POLYMEDIX INC
LJPC - La Jolla Pharma
NNVC - NANOVIRICIDES INC
SIMO - SILICON MOTION TECHN
SHMN - SOHM Inc
MRNA - Nastech Pharmaceutical
SHOR - ShoreTel Inc
AMST - Amstem Corp

Earnings Announcements for Thursday

AbitibiBowater Inc - ABH
Ambassadors International Inc - AMIE
Argan Inc - AGX
AZZ Inc - AZZ
China Gerui Advanced Materials Group Ltd - CHOP
China Natural Resources Inc - CHNR
CKX Lands Inc - CKX
Constellation Brands Inc - STZ
Fpb Bancorp Inc - FPBI
Griffin Land & Nurseries Inc - GRIF
Hallwood Group Inc - HWG
Lakeland Industries Inc - LAKE
LECG Corporation - XPRT
Movado Group Inc - MOV
Penford Corp - PENX
Peoples Educational Holdings Inc - PEDH
Pep Boys-Manny Moe & Jack - PBY
Pier 1 Imports Inc - PIR
Pure Cycle Corp - PCYO
Rite Aid Corp - RAD
RPM International Inc - RPM
The Greenbrier Companies Inc - GBX
The9 Ltd - NCTY
Tidelands Bancshares Inc - TDBK
Vestin Realty Mortgage I Inc - VRTA
Vestin Realty Mortgage II Inc - VRTB

The following list show stocks whose OBV has been increasing over the last
3 trading sessions

MSFT - Microsoft Corporation
F - FORD MOTOR COMPANY
BAC - BANK OF AMERICA CORP
NOK - NOKIA CORP
ALU - ALCATEL
LVS - LAS VEGAS SANDS CP
AIB - Allied Irish Bk
VALE - Vale S A ADR
YHOO - Yahoo! Inc
XOM - EXXON MOBIL CORP
TYC - TYCO INTL LTD
EBAY - eBay Inc.
MGM - Mgm Resorts Int
SD - Sandridge Energy Inc
AKS - A K STEEL HOLDING CORP
VLO - VALERO ENERGY CORP NEW
SPLS - Staples, Inc.
WMT - Wal-Mart Stores Inc
BP - BP AMOCO ADS
VHC - PASW Inc.
SNY - SANOFI-AVENTIS ADS
BPOP - Popular, Inc.
SLE - SARA LEE CORP
LTD - LIMITED INC
EK - EASTMAN KODAK CO
QCOR - Questcor Pharm
DOW - DOW CHEMICAL CO
GFA - Gafisa SA
BX - Blackstone Group LP
SYY - SYSCO CORP
HRB - BLOCK H & R INC
TSO - Tesoro Corp
AXP - AMERICAN EXPRESS CO
WNR - WESTERN REFINING INC
V - VISA Inc
ABH - ABITIBIBOWATER INC
XL - Xl Group Plc
RIG - Transocean Ltd
DNR - DENBURY RESOURCES INC
CCJ - CAMECO CORP
MOS - Mosaic Co
GFI - GOLD FIELDS LTD
ZION - Zions Bancorporation
TXT - TEXTRON INC
STLD - Steel Dynamics, Inc.
MAT - Mattel Co
SVM - Silvercorp Metal
FTO - FRONTIER OIL CORP
ARIA - ARIAD Pharmaceutical
NKE - NIKE INC CL B
DMND - DIAMOND FOODS
NUE - NUCOR CORP
VG - VONAGE HOLDINGS CORP
PDLI - PDL BioPharma
ACAS - American Cap Ltd
LULU - lululemon athletical
INCY - Incyte Genomics Inc.
BHP - BHP Billiton Ltd
ELNK - EarthLink, Inc.
GCI - GANNETT CO INC
MEE - Massey Energy Co
STT - STATE STREET CORP
MWW - Monster Worldwide Inc
FL - Foot Locker Inc
NXPI - NXP Semiconductors NV
GSK - GlaxoSmithKline PLC
LYB - Lyondell Basell Ind
IRM - IRON MOUNTAIN INC
AFL - AFLAC INC
VRSN - VeriSign, Inc.
OCZ - OCZ Technology Group
SPWRA - SUNPOWER CORPORATION
OLN - OLIN CORP
WLT - Walter Energy
CTXS - Citrix Systems, Inc.
SSN - Samson Oil & Gas Ltd
STJ - ST JUDE MEDICAL INC
ABC - AMERISOURCEBERGEN CORP
PAET - US LEC Corp.
MDRX - Allscript Health
SAI - SAIC INC
AGN - ALLERGAN INCORPORATED
TEX - TEREX CORP
BYD - BOYD GAMING CORP
CDNS - CADENCE DESIGN SYS INC
JAG - JAGUAR MINING INC
CE - CELANESE CORPORATION
LMT - LOCKHEED MARTIN CORP
STO - Statoil ASA

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: BANR, CYN, SVB

23:03 | Permalink |

AC Investor Blog

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

Saturday, June 25, 2022

A few trade ideas for the last week of June 2022

Saturday, June 11, 2022

Some small-caps are showing surprising resilience, worth a look

Saturday, May 28, 2022

8 Technical Setups to keep an Eye On

Wednesday, April 06, 2011

Regional Banks to Watch on Thursday April 07

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