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Saturday, September 21, 2019 

Stocks to Watch for September 23, 2019

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ArQule, Inc. (NASDAQ:ARQL) which has lost more than 30% of its market capitalisation in the last two months, shows signs of reversal of the downtrend. A decisive break and close above 8.5 will confirm the reversal pattern on the charts and take the stock higher to 9.5 or even 9.83

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Shares of ImmunoGen, Inc. (NASDAQ:IMGN) surged more than 5 percent on Friday accompanied by a strong volume expansion. $3.47 is an important resistance that once broken will set off a huge run up in stock, the 1st target would be $4.50 (closing gap).

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Small cap stock traders are always on the look-out for a low float / Reverse split stock that has fallen so far that it is well over due for a bounce. These type of stocks almost always rebound sharply. With just 600K float, I think Viveve Medical (NASDAQ:VIVE) has found support around the $5.8-$6.10 range and looks poised to post a bounce from here. We could see a 30-50% possible bounce up to $7.55 - $8.80 a share if it can get passed the resistance at $6.72. This is a liquid stock with over $300k in daily volume. It 52 week high is over $370 LOL !!! I took a long position on Friday. NOTE: There is a conference on Tuesday, which will be definitely a good catalyst for a bounce.

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Valeritas Holdings Inc (NASDAQ:VLRX) Friday's hammer formation could indicate a possible trend reversal is coming. A breakout above $1.71 would constitute a technical entry for the short term trader looking for a quick trade. Another stock that i bought for the coming week. Company is trading below cash levels and there is an event on Tuesday: Valeritas Announces Presentation of Preclinical h-Patch™ CBD Study at CannMed Conference.

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BridgeBio Pharma Inc (NASDAQ:BBIO) put a nice reversal candle Friday on volume. Watch for continuation over 26.43

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Livongo Health Inc (NASDAQ:LVGO) Possible trend reversal. A high volume move through the 24 price level would be buyable.

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Eros International plc (NYSE:EROS) pulled back strongly on Friday after a strong rally this week. This corrective price action is necessary to alleviate the overbought conditions in order to set the stage for an impulse wave to follow. As long as the support zone holds, the uptrend remains intact.

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ANCHIANO THERAP/S ADR (NASDAQ:ANCN) this low float still on top of my watchlist. It's showing signs of significant share accumulation. I expect the share price to begin its ascent back to recent highs of $2.82 before ultimately breaking and surpassing $3.77

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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20:07 | |

Saturday, July 13, 2019 

A few stocks on my top watchlist for short term swings

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Eros International plc (NYSE: EROS) has been consolidating in the 1.6-1.85 area. A move above 1.88 would indicate a break out of the flag, with the potential to reach 2.6, my initial target, and then $3 Stop loss 1.59 Note: Earnings on Monday.

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Akerna Corp (NASDAQ: KERN) I think this stock will post a sharp rally from current levels. This was a $72 stock in June and at $14, in my opinion, there is a compelling risk/reward scenario. The risk is the stock continues to fall but the drop is very limit at this point IMHO, the reward is a swift 50-100% type move for this highly oversold stock. The daily chart above does not lie. When a positive divergence in the market occurs, the oscillator is rising but the stock isn't, then this is an indicator that a change in trend is imminent. That trend change for KERN is just getting under way. Im long.

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Valeritas Holdings Inc (NASDAQ: VLRX) The dip on Friday to $2.85 might have been an amazing opportunity for investors to snag a few shares. If recent history for VLRX is any indication of what the future holds, than expect another swift move to the upside next week.

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Sequential Brands Group Inc (NASDAQ: SQBG) has broken out in a big way. This stock could see 75c in swift fashion next week. The volume on Friday has been nothing short of remarkable. Long setup on watch.

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India Globalization Capital, Inc. (NYSEAMERICAN: IGC) has been under slow and steady accumulation over the last several trading sessions. The stock appears to have solid footing in the $1.5's and looks ready to test the $2's. Breakout watch over 1.7

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Phunware Inc (NASDAQ: PHUN) is on bottom and volume watch. Last week this tock saw strong volume and a modest increase in its share price. The line is drawn in the sand here. It will either bounce big or the flame will slowly die out. Keep it on your radar Monday morning. RSI is displaying a positive divergence.

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Workhorse Group Inc (NASDAQ: WKHS) surged to new highs last week amidst a flurry of buying. This stock, once a forgotten a penny stock, has amassed an impressive investor following. The buzz continues to grow in WS with each new high. It is a stock to watch for the foreseeable future. The bias remains to the upside.

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Uxin Ltd (NASDAQ:UXIN) came under some serious buying pressure on Friday and posted a gain of 15%. Considering the money flowing into the stock it doesn't look like this run is just a one day pump. More likely UXIN will hold above EMA50 for some time. Its only a matter of how high it will go. Long setup on watch.

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ShiftPixy Inc (NASDAQ: PIXY) was another high money volume stock on Friday. Keep it on your watch 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

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18:55 | |

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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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