AC Investor Blog

Several technical chart setups to follow next week

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Happy weekend, readers and traders,

After a great vacation in Sierra Nevada (Spain), time to get back to reality. What a year it has been so far! Im keeping the momentum going. Congrats again to everyone that raked in those huge quadruple digit gains on BPTH (as u know i tweeted my entry before the crowd at 2.25 on 28th of February (Over 1,000+%). Im moving on immediately to another potential multiple digit winner TOUGHBUILT INDU/SH (NASDAQ: TBLT). Currently trading in the $1.6 range, this ticker looks prepared for a potential huge momentum rush. Based on the chart pattern and recent news, i don’t see it staying under two dollar for too long. The stock is expected to continue its rally after it broke the Falling Wedge pattern to the upside and also broke the $1.5 resistance area. On top of that, the MACD is also showing a bullish divergence plus a possible bullish cross. This indicator reveals the market's underlying strength. If it can push above $1.69 convincingly next week, it could be off to the races. Strong resistance levels to watch 2.75 and 3.50 Im long.

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Blackberry (NYSE: BB) showed buying strength all day on Friday. The stock price is on the verge of breaking out and it could happen very soon. The volume dramatically increased as the stock ran to near its major resistance, showing us there are buyers watching the stock. If it breaks 9.25 the stock will absolutely fly into the 10's right away.

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Nio Inc - ADR (NYSE: NIO) is showing signs of a potential short-term reversal trend. Looking for a breakout above 7.2

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Gevo Inc (NASDAQ: GEVO) performed well Friday, closing up 7.66% on volume and I expect to see a continuation move next week. First resistance is now located at $2.6, which reflects Friday's high. Once the stock breaks resistance, I expect to see the buyer push the stock higher. The daily technical indicators are reversing up and are advocating for a technical rebound. Long setup.

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Kadmon Holdings Inc (NYSE: KDMN) nice bounce off 100-day EMA within a well formed bull flag. The stock price continues to trade above its key short-term EMAs. Keep an eye for a possible breakout over 2.89

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Alliqua Biomedical Inc (NASDAQ: ALQA) broke key resistance Friday on volume, which should be the start of another potential upside move. Immediate resistance is $3.65, which reflects Friday’s high of the day. Long setup on watch.

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Ra Pharmaceuticals Inc (NASDAQ: RARX) closed strong on Friday, as the stock ended the day at highs. The technical daily chart shows a continuation of the trend with MACD and RSI in the Bullish areas. This stock is on the top of my watch list due to the recent price action, volume and momentum. Technically, a buy on any dip.

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Amicus Therapeutics, Inc. (NASDAQ: FOLD) The chart pattern is compressed and this stock is coiling up for a larger move. Long setup on watch.

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Tesla Motors (NASDAQ: TSLA) Still watching it, especially after Friday's action. The MACD-histogram has been sloping up and the RSI is rising, indicating bullishness. Watching over $287 for a trade.

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Exelon (NYSE: EXC) Nice consolidaiton. The chart is showing a slightly bullish bias. Let’s see whether the stock price can gather enough momentum to break through 49. Long setup on watch.

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Bio-Path Holdings Inc (NASDAQ: BPTH) no position, just sharing the 15-minutes chart just for your consideration. The euphoria has gone away so play it with tight stops.

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

Labels: ALQA, BB, BPTH, EXC, FOLD, GEVO, KDMN, NIO, RARX, TBLT, TSLA

20:14 | Permalink |

My Watchlist for Monday, April 17 - HAPPY EASTER !!

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Amicus Therapeutics, Inc. (NASDAQ:FOLD) is on breakout watch after multi-month consolidation above its major exponential moving averages (50&200). Buy point is on the day it breaks the upper line of the triangle on volume. Keep on watch for higher prices.

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Soligenix, Inc. (NASDAQ:SNGX) This biotech stock should be on everyone's radar next week. Senior Vice President and Chief Financial Officer will present a company overview entitled, "Rare Disease Treatment in Cutaneous T-cell Lymphoma and Oral Mucositis" at the World Orphan Drug Congress USA on Friday, April 21. After being trading in a bearish tone in the past 3 weeks, the stock appears to making a comeback in favor of the bulls. Price dropped near 2.30 per share and made a quick and nice jump near 2.69/share. Once the stock registers a breakout above the 2.69 level, there could be a strong rally to higher levels. Im long for next week.

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There are some signs on daily chart that the stock may be slowly turning the corner after a huge pullback. Go long on the break of Thursday’s high at 5.61 with a stop at 5.20. Plus, Laurence W. Lytton reported a 8.1% passive stake in Catalyst Biosciences. On watch.

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What a wild month this has been for Cleantech Solutions International Inc (NASDAQ:CLNT). After the price has reached the $10.7 level two weeks ago it started a pullback and formed a corrective structure that could have found a strong support in the 4.64 area (Nov highs). For that reason, i started a position on Thursday before the market close. Any bounce here, could push the stock back up to +$6 in the coming sessions.

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MiMedx Group Inc (NASDAQ:MDXG) After taking a breather, stock finally broke out Thursday on volume expansion making a new 52-week high. Wait for some sort of pullback to enter again due to the very overbought level that currently exists.

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Blueprint Medicines Corp (NASDAQ:BPMC) is setting up nicely to break out again. Next buy point would be on the day it blows through $46.20 on volume. The technical indicators are looking Bullish.

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Novavax, Inc. (NASDAQ:NVAX) is a stock that could head higher from Thursday's close. It's in the process of bottoming and I expect a pop above $1 at some point in the coming sessions. Stop 82c.

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Ritter Pharmaceuticals Inc (NASDAQ:RTTR) The price action on Friday created a potential bottom. The extreme oversold reading from the slow stochastic and RSI indicators, suggest that prices are due for some recovery and the MACD has triggered a NEW buy signal. Money-flow is also rising :) A rise above the 1.19 level next week should confirm the reversal. I still long.

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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: BPMC, CBIO, CLNT, FOLD, MDXG, NVAX, RTTR, SNGX

15:46 | Permalink |

Stocks to Watch for July 27, 2016

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Amicus Therapeutics, Inc. (NASDAQ:FOLD) For what it's worth, the price cleared this key horizontal resistance line on increased volumes. The bounce from the 20-day EMA makes it more authentic. The MACD is rising and the RSI is moving up showing renewed strength. Ready for higher prices. Stop 5.75

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Adverum Biotechnologies Inc (NASDAQ:ADVM) Positive divergences on daily indicates that a bounce is likely. For me, it seems to be forming a bottom and the breakout is a matter of time. It's a cash-rich company.

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CONSOL Energy Inc. (NYSE:CNX) is looking pretty good breaking out of a consolidation pattern with a significantly higher target in place.

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Micron Technology, Inc. (NASDAQ:MU) A few days ago I alerted to my twitter folowers at $13, today it closed at $14.67. It just keeps moving higher on nice steady volume. Long setup.

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Ambarella Inc (NASDAQ:AMBA) Nice runner from the buy list yesterday. After one week of consolidation in the 56-58 area stock finally broke out and took out its critical level of $58.17. The break of this key resistance line confirms a short-term trend reversal and the beginning of new momentum, which could move the stock above the $60 area.

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XOMA Corp (NASDAQ:XOMA) starting to wake up, breakout watch above 58c. The daily technical chart shows that MACD is rising in negative territory, while the RSI is also gaining strength. Next resistance is located at 58c while there is some nice support around 53c. If a proper breakout happens at 58c we can see an initial target of 65c

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Apple Inc. (NASDAQ:AAPL) is trading higher after hours, as the company released good earnings. For tomorrow, the levels to watch on upside will be at 101.89 and 102.22

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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: AAPL, ADVM, AMBA, CNX, FOLD, MU, XOMA

21:53 | Permalink |

Stocks to Watch for Aug 25, 2014

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Dehaier Medical Systems Ltd (NASDAQ:DHRM) is it on your watch-lists yet ? The stock closed at $6.08 on Friday up 11% and it appears that the momentum is just beginning. Shares broke the downtrend line that had been in place since the middle of February on massive volume. Friday's volume was the highest in the past six-months. It could be on the verge of making a stronger move upwards , just like we saw this week on China Finance Online Co. (NASDAQ:JRJC) and Friday it closed above what could be considered a major resistance point. DHRM has a 52-week high of $12.89. What’s the potential ? If the stock goes back to $12.89 from here it’s a 100% gain. The company has good fundamentals and the chart has a near perfect technical set-up for a strong move up. With a high-short-interest and low-float situation, If I am right the Short Squeeze on MONDAY could be INSANE !!!

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Twitter Inc (NYSE:TWTR) yesterday broke out of a bullish flag chart pattern by breaking through resistance at $45.80 to close at 45.98. The indicators are bullish and support a further climb with a technical price target of $48

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ParkerVision, Inc. (NASDAQ:PRKR) looks to have bottomed out and has begun to rally. PKRK is a stock that looks to have more upside going forward. Add it to your watchlist.

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Himax Technologies, Inc. (NASDAQ:HIMX) broke the bull flag consolidation pattern and closed above the EMA200 for the first since April. It's time to be Bullish again on stock. From the chart, looks like the next major resistance is at $9.05.

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Neurometrix Inc (NASDAQ:NURO) I got excited yesterday when I received a tweet from a follower informing me about a press release out of Japan that Omron will start selling the NeuroMetrix device. So, with the upside potential in revenues and earnings, I think this stock is ready to make a solid move upwards. From a technical standpoint, the stock is holding a steady uptrend during the last two weeks with a firm support at $1.60. There is some resistance at $2.09, which if broken, could be a sign that the chart is ready for the next leg up towards the recent high of $3.15. The technical indicators are relatively neutral here, but easily could turn bullish if the move off the bottom support that began this month continues. With the expectation of higher volume in the near-term, NURO shares could be a positioned to breakout.

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Amicus Therapeutics, Inc. (NASDAQ:FOLD) is probably one of the best acting stocks in the momentum. She is extended but no one seems to care. So, I'll be watching her carefully for any possible opportunities.

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Morgan Stanley (NYSE:MS) like it is getting ready to move. The stock price broke through its resistance on Friday session but failed to close above, however this was the first signal that I was looking for since a while. So, keep an eye on Morgan Stanley shares for a possible breakout over $33.56.

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Apple Inc. (NASDAQ:AAPL) company shares were up on Friday nearly .8% to 118.77 reaching during the session a new 52 week high and all-time high at 101.47$. The daily chart show a continuation of the trend with MACD and RSI in the Bullish areas, the stock is in a strong bull market with both 50-day and 200-day exp moving average going up, however in overbought conditions. Indicators are all in favor of Bulls.

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

Labels: AAPL, DHRM, FOLD, HIMX, MS, NURO, PRKR, TWTR

11:19 | Permalink |

AC Investor Blog

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

Saturday, March 09, 2019

Several technical chart setups to follow next week

Saturday, April 15, 2017

My Watchlist for Monday, April 17 - HAPPY EASTER !!

Tuesday, July 26, 2016

Stocks to Watch for July 27, 2016

Saturday, August 23, 2014

Stocks to Watch for Aug 25, 2014

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