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Tuesday, December 22, 2015 

6 chart setups for Tuesday, December 22, 2015

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Shares of Sunedison Inc (NYSE:SUNE) had a nice surge a few days ago and has been consolidating that move since then. The major resistance resides around the 6.88 price region. Only a close above this level would suggest further upside targeting the 7.50/8 area.

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Clovis Oncology Inc (NASDAQ:CLVS) Price should become explosive if this chart pattern is broken to the upside with volume. From a technical standpoint, the stock has an up trending MACD, indicating potential accumulation and an up-trending RSI at 33 indicating room for potential further gains. CLVS needs to be at the top of your watch list.

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Nivalis Therapeutics Inc (NASDAQ:NVLS) might attempt to breakout above the $9.11 level again and if it succeed we should expect a strong move to the upside. On watch.

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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) remains high on my radar due to the recent run up on heavy volume. I plan to buy the stock on a break and close above $2.10 and add more on a break above $2.25. On watch.

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Syngenta AG (NYSE:SYT) has recently been trading with increased volume and is about to test again the major resistance around the 79.50 level. The stock needs to close above this level to indicate a continuation of the rally and the following uptrend will take price up to $86 zone.

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Great Basin Scientific Inc (NASDAQ:GBSN) heavy volume at the bottom (around $2 level). Players are betting on a significant bounce here. The positive divergences are also evident on the hourly chart and should lead to an upward bounce. On watch. PS: This is a high risk stock.

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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11:00 | |

Tuesday, September 29, 2015 

Stocks to Watch for September 30, 2015

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Bitauto Hldg Ltd (NYSE:BITA) could be in the early stages of a technical breakout. A break through today's high on volume could lead this stock to 30-30.51 short-term.

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Great Basin Scientific Inc (NASDAQ:GBSN) looks poised for a break to the upside. The declining 9-day EMA has been proved to be a strong resistance. More times the resistance has been tested, there is good chance for breaking above that point. Technically speaking, I feel that there is a possibility for the stock to go beyond 12c this week. It ended the session with a bullish candlestick formation, supporting the bullish bias and indicating further upside potential. As long as the stock can remain above 7c, I like the stock.

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Violin Memory Inc (NYSE:VMEM) surged in the final hour of trading and closed back over 1.50. The real fireworks should begin if it can close above $1.61. The MACD is starting to curl upward again which should eventually lead to price increases. On watch.

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Novavax, Inc. (NASDAQ:NVAX) The stock has a strong support around the $6 level, which can be used as a stop-loss for short-term positions.

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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22:06 | |

Monday, September 21, 2015 

Stocks to Watch for September 22, 2015

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Etsy Inc (NASDAQ:ETSY) had a nice move on the upside today and closed above the 50-day EMA on solid volume. Considering the strong momentum over the past week, I think the stock looks set to break higher. In addition, we saw bullish options activity with buyers of the Oct 17.5 calls. Keep this stock on your watch list on Tuesday.

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Gevo, Inc. (NASDAQ:GEVO) started the day negative but turned things around to close up nicely on decent volume. Keep an eye to see if it can breakout above the $2.45 level. The stock shows signs of a trend reversal. Trajectories of momentum indicators on daiy charts also suggest uptrend for the stock.

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Great Basin Scientific Inc (NASDAQ:GBSN) posted a very strong bullish reversal candle on high volume and could signal a reversal of the price decline. Watch for continuation. First resistance lies around 12c.

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Apple Inc. (NASDAQ:AAPL) Starts the week with nice gains on high on decent volume. I believe that the stock could be gearing up to make a run out of this trading range. Next buy point would be over 117 area.

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Vascular Biogenics Ltd (NASDAQ:VBLT) broke out and never stopped all day. There is a good chance it will continue to move up. If the stock price can break through $8.37, we should see it move up to $9.13. Looking at the technical chart the investor sentiment in stock showed by RSI continues strong and MACD is rising in positive territory.

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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22:13 | |

Saturday, September 19, 2015 

Stocks to Watch for September 21, 2015

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Chesapeake Energy Corporation (NYSE:CHK) Friday's bar closed back above the 50-day exponential moving average, so the uptrend looks set to continue. A break of 9 could push the stock further higher up to 10.5 level (100EMA). Among the technical indicators, MACD is positive and RSI is above its 50% level, showing positive momentum.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) It looks like the potential V-bounce pattern is materializing on the daily chart, as I mentioned last week as a possibility. The RSI has hit the overbought territory but it can be in this area for a long time in strong uptrends. Lets see what next week can bring us.

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Amazon.com, Inc. (NASDAQ:AMZN) is setting up for a very interesting upside move. The stock hit a high of $546.24 on Friday, but was not able to above this level due to the market conditions. I expect to see a high volume move once the stock breaks through the key $547 resistance area, as traders are watching this stock closely. From a technical standpoint, this stock is currently in an uptrend and is finding support from its 20-day EMA now located at 520. Keep the stock on your screen because once the stock breaks through resistance, it should take off and move quickly.

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Great Basin Scientific Inc (NASDAQ:GBSN) Could see a significant bounce next week based on the heavy volume that we saw in the last trading session. I think it deserves some watching over the coming sessions, for a potential short-term reversal (dead cat type bounce). It is down from $2.50 to $0.05 with not much a of a bounce in between. I bought some shares on Friday at 0.055 . I have no problem playing some of these type of stocks for a bounce, because they could be very lucrative. Look what happened with AEZS on Friday +133% (It had a very similar chart pattern) but there is some risk in this trade. Also, positive divergences are showing up in a number of indicators, often good leading indicators at bottoms.

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I've been stating for days that the Vringo, Inc. (NASDAQ:VRNG) stock was trying to bottom as it had nice positive divergence developing, now stock is near to cross the $.675 level, which could give a strong boost for run to $.82 (200EMA) Keep an eye on stock. I'm Bullish on VRNG.

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Plug Power Inc (NASDAQ:PLUG) had a strong breakout Friday with a pop of 11 cents to 1.89 or 6% on 5.5 million shares, the biggest volume in a couple of weeks. Friday's strength could lead to more upside.

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Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) was a nice winner for my readers and twitter followers. I brought this stock to your attention last week sub-10 and on Friday it closed at $12.54 on high volume. As i mentioned on twitter I took some profits at $12 but i will try to re-enter again.

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Vital Therapies Inc (NASDAQ:VTL) shares successfully broke the $4 resistance level Friday on high volumes. This is a very bullish development. Short-term technical indicators are looking bullish and the MACD on the daily chart recently produced a new buy signal. If the stock can break the 13-day EMA at 4.17 next week, we should see a strong follow through move.

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Juno Therapeutics Inc (NASDAQ:JUNO) has been on a nice uptrend and could be ready to breakout after strong volume in the last trading session. I wouldn't be surprised to see this stock trade back to $45 or better in the short term.

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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18:57 | |

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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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