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Saturday, September 28, 2019 

Stocks to Watch for September 30, 2019

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Global Ship Lease Inc (NYSE:GSL) is in a very strong bullish trend, having gained almost 50% this month. There's a high probability for a trend continuation in the next few days, as the stock could test the 8.50 area again. Next buy point is above Thursday's high at 8.19, with a stop loss at 7.55 EMA9

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GoPro (NASDAQ:GPRO) After drifting for weeks the price finally broke out of a consolidation on Friday accompanied by high volume. Yesterday’s high was $5.53, which is resistance for the follow through move. If the stock can break through this level next week, expect to see heavy volume drive the stock higher.

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Mersana Therapeutics Inc (NASDAQ:MRSN) The daily chart shows the stock is extremely oversold at this price level. Volume picked up a bit on Friday and the MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Bargain hunters may want to accumulate MRSN stock at current levels and wait for it to trade out of the oversold conditions in the coming days. Note: President and Chief Executive Officer, will present a company overview at the 2019 Cantor Global Healthcare Conference in New York next week. At $1.55 a share, and considering this stock was trading well over $3.50 in August the risk for further decline is outweighed by the potential gain an explosive bounce would provide. Im long for next week.

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I have Performance Shipping Inc (NASDAQ:DCIX) on my watchlist. It may be ready to break out of this large consolidation. The break of the next key resistance line with heavy volume should be the next buy point. If it clears resistance at $1.05, the move may be powerful. Despite recent decline, the daily RSI remains above 50 levels and may support the bullish argument here. November is typically a crazy month for this sector, and based on the PXS move, traders are already accumulating these shares. May run higher, keep on watch. Im long.

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Guardion Health Sciences Inc (NASDAQ:GHSI) has bounced today off its 20-hourly EMA just above the critical support of 70c and rose 7.87% to $.795 The uptrend remains intact as long as this key support line holds (stop loss).

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CASTOR MARITIME/SH SH (NASDAQ:CTRM) could be in the early stages of a technical breakout. The stock price has been basing the past few days and just recently started inching above most of the consolidation area. From a technical perspective, the technical indicators are beginning to look bullish. The MACD indicator is rising above its signal line and the hourly RSI crossed above the 56 mark. Additionally, the ADX is gaining momentum. Let's see what Monday brings. Could squeeze over $2.92. Im long.

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Roku (NASDAQ:ROKU) continues to drift lower and is nearing $96, a level that has provided robust support in August. Might bounce here. However, overall the technical set-up remains negative with the stock below all three short-term exp moving averages.

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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17:59 | |

Saturday, March 23, 2019 

Here are a few stocks to watch next week

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The stock continues to sit in a consolidation range. At some point, India Globalization Capital, Inc. (NYSEAMERICAN: IGC) will breakout and I want to be there for this move. There is strong resistance around $2.35 and if the stock stock can break through this level, there is a strong chance IGC can run back to the $2.6-3 range. On the downside, a break below $1.85 would be your first sign of weakness which could lead to bigger problems. So it should be used as your mental stop loss.

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aTyr Pharma Inc )NASDAQ: LIFE) broke the downtrend line that it established since June 2018 and traded nearly 3x normal daily volume. The has been under a buying pressure in the last few days, and overall the stock still looks healthy. The technical indicators look good at this stage, as seen in the chart above. The RSI indicator sloping up and crossing the 50 mark and MACD rising above zero line, which is bullish.I expect the shares to test prior highs in the $68c area in the coming days. There is a big event coming up soon. I have been accumulating this stock, not only because the event but also due to its strong cash position (As of September 30, 2018, aTyr had $56.0 million in cash). Watch the stock closely next week. Note: Earnings March 25th

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Tanzanian Royalty Exploration Corp (NYSEAMERICAN: TRX) broke out on Friday and made a new 52-week high of $.788. The stock had big buyers in it all day, but is now showing overbought readings. Buyable on any pullback to 68c-70c zone.

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Sorrento Therapeutics Inc (NASDAQ: SRNE) is one of the hottest stocks of Nasdaq right now. The stock has been on a non-stop rally since March lows but needs now to reset the extreme overbought conditions to provide some room to develop a new trend up. Keep watching the stock.

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Akari Therapeutics PLC (NASDAQ: AKTX) is still facing resistance around $4.3 area, however the technical chart still showing bullish bias wiht MACD indicating that the current short term price trend is very bullish. In addition, the technical indicator ADX is rising which indicates the trend is gaining strength. A break above $4.3 could trigger further upside momentum testing $5.50 initially then $7

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Seelos Therapeutics Inc (NASDAQ: SEEL) If the stock finds support around the prior support level, I will enter for a trade.

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Sunesis Pharmaceuticals, Inc. (NASDAQ: SNSS) broke out from a sidewards movement with huge volume on Friday, creating a significant amount of bullish potential. If the upward movement continue next week it may break out from its declining 200-ema resistance at $1.37

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Performance Shipping Inc (NASDAQ: DCIX) has had a hard time with resistance here but may be ready to move higher. The level which the stock may have trouble moving above is currently at $1.30 It would need to break above that level to run to $2. Watch the stock closely next week.

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Apple (NASDAQ: AAPL) made a significant downside correction on Friday. We need this downside correction as RSI already is in extreme overbought area on daily chart. We also should see this current downside momentum as consolidation/correction move. Immediate supports 189 and 185

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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19:03 | |

Saturday, March 10, 2018 

Here are a few stock ideas for the coming week

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Marvell Technology Group Ltd. (NASDAQ:MRVL) made a new all time-high yesterday but quickly returned to neckline support. Therefore, caution is now advisable. Wait for a clear breakout direction on volume next week before jumping on board.

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Texas Instruments Incorporated (NASDAQ:TXN) finally broke out of the resistance, which can push the stock to $120 levels. The volume was not as high as expected but it closed near the highs of the day and further upside is expected to be seen next week.

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NII Holdings, Inc. (NASDAQ:NIHD) has finally broke the pennant formation that has been confined inside with sideways range/congestion. The volume on Friday's break was great, however at the present level she's incredibly extended. I still bullish but in situations like this, I prefer to wait for a pull back rather than chase the market. From a technical standpoint, the stock is still in a very strong bull market with MACD on top of signal line and 50-day moving average on top of 200-day exponential moving average.

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Kadmon Holdings Inc (NYSE:KDMN) displayed some impressive relative strength yesterday with a 10% gain. It broke out of its base formation suggesting a further move to the upside. The technical indicators are looking better now for the stock. The stock has just entered into a short-term bull market as the stock is on top of 50-day and 200-day exponential moving averages. Other technical indicator such as MACD, is showing positive momentum while RSI also show buy signal. Technically speaking the stock is now painting a short-term Bullish picture. Consistent move above $4.55 could be a beginning of a new technical bullish reversal at least testing 5.4/5.6 area.

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The sell-off in Diana Containerships Inc (NASDAQ:DCIX) has stalled. This $1.84 stock was trading over $28 a share less than five months ago. From a technical standpoint and based on the chart above, the stock has reached a point (possible double bottom) where shorts are starting to cover and new traders are accumulating, waiting for a big dead cat bounce. This is not a stock you want to be holding onto too long, but the technical chart itself is looks ready for a big reversal. Honestly, a substantial bounce lies ahead.

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Etsy Inc (NASDAQ:ETSY) Broke out on heavy volume Friday placing it again on the map for technical analysis breakout buyers. Looking for $26.23 to now act as support.

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Yield10 Bioscience Inc (NASDAQ:YTEN) is getting closer to a major break-out, so keep an eye on her for a possible breakout over $1.90 next week. Stay tuned.

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BlackBerry Ltd (NYSE:BB) continues to look good. The stock may still have potential to move higher out of these levels. From the technical analysis perspective, the outlook for the stock is relatively bullish. The RSI analysis is signaling a bullish outlook which can be further confirming in MACD and ADX charts.

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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17:54 | |

Saturday, November 04, 2017 

Bullish setups for the week ahead

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Myomo Inc (NYSEAMERICAN:MYO) The share price is starting to break out from its downtrend channel. The stock hit bottom in the low $2.50's last month and has started to work its way higher. On Friday, it was up over 45% on a breakout type move accompanied by high volume. With a float of just 3.25M shares, yesterday's high volume breakout could be the start of a nice squeeze higher. I believe that there is a strong case for further gains to the 6.5-7 area.

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Qualstar Corporation (NASDAQ:QBAK) closed up 13.6% on Friday at $8.76 a share accompanied by high volume. I had posted about this stock on Wednesday as a potential breakout play on blog at $7.20 and it has come through. Above, there are no key resistances on chart, all the way up to $12

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Endocyte, Inc. (NASDAQ:ECYT) This is a great chart set-up. Nice consolidation in a flag formation after last spike. Yesterday the stock broke out of the flag and reasserted the bullish trend. This rally could take the stock to $6.50 - $6.55 next week.

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Diana Containerships Inc (NASDAQ:DCIX) has done almost nothing but go down since July. Yesterday it bounced in a big way and could see more gains next week due to the high short interest. However, this is a stock to play with tight stop losses. Looking at the 10 minutes chart, on the upside, immediate resistances are located at 12,92 and 13.25 levels. On the downside, immediate supports are seen at 10,22 and 9. Keep in mind, this is a stock extremely volatile with huge swings.

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TOP SHIPS Inc (NASDAQ:TOPS) in the same sector also saw a big move yesterday, as its shares jumped more than 67% on the day, amid huge volumes. If it holds the 69c level, then it could validate a test of $1 mark again. Only a close below this level is bearish.

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DryShips Inc. (NASDAQ:DRYS) seems to have reversed from its short-term downtrend and could be starting a new uptrend. It broke the flag formation on heavy volume, thus confirming its trend reversal. Could be more gains ahead for stock.

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Shares of OncoSec Medical Inc (NASDAQ:ONCS) are moving upwards under heavy accumulation and the stock closed above its weekly EMA50-Day for the first time in years. Plus, MACD is also crossing both its signal line and the zero line, which can be an early signal of a new upward move. So, look for ONCS to continue pushing upwards.

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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14:19 | |

Wednesday, November 30, 2016 

My Watchlist for Thursday, December 01

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DryShips Inc. (NASDAQ:DRYS) made a strong recovery today from deeply oversold levels following insider buying activity. If tomorrow it breaks today's high, the momentum could move stock to the $7 area.

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Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) is another oversold shipping stock showing signs of potential trend change. A breakout above $2.65 (EMA50 Hourly) would constitute a technical entry point for the short-term trader, looking for a quick trade.

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Shares of Diana Containerships Inc (NASDAQ:DCIX) are starting to heat up again and are worth watching tomorrow. If volume can pick up, I think this stock can break through resistance at $3.87 and re-test its recent highs around 4.85 (Hourly chart).

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Goldman Sachs Group Inc (NYSE:GS) had a strong move today, as the stock set new 52-wk highs. The stock hit a high of $220.77, which is resistance for the follow through move. You should watch this stock closely on Tuesday.

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FORM Holdings Corp. (NASDAQ:FH) From a technical perspective the long-term uptrend remains intact and there are also some signs of a possible bounce due to the positive divergences, which often leads to short covering. If the stock can break through the 2.50 level in the next sessions, we should see a strong follow through move.

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California Resources Corp (NYSE:CRC) had a huge breakout day on heavy volume. The stock hit a high of $17.56, which is now resistance for Thursday’s continuation move. If the stock can break through resistance, we should see another strong upside move. CRC will move very quickly, so watch the stock closely tomorrow.

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I've alerted my twitter followers about the potential upside movement in BlackBerry Ltd (NASDAQ:BBRY) shares at $7.52. The stock has come up to my expectations as it was among the top gainers of Nasdaq and closed up 3.63 percent at $7.71 trading more than 6.5 Million shares, well above its average volume. From a technical standpoint the stock made a strong upside reversal today. That's a screaming buy signal for the stock. Expect an initial run up to $8.05 with a break higher moving to the 8.5 zone.

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

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22:44 | |

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  • I'm a 45 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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