AC Investor Blog

Potential swing trade ideas for the week ahead

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This stock is lining up for a serious bull run and it has the potential to become one of the most explosive breakout play opportunities of the month. I continue to support the idea of a significant rally on shares of Arca Biopharma Inc (NASDAQ: ABIO), probably even above the June highs. We still need to see a break and close above 7.80 to confirm a continuation to the upside with a next target in the 10 area. Due to its low float a parabolic move is also not out of the question. Daily technical indicators are beginning to turn bullish. MACD is about to cross the signal line, which indicates that the bulls are trying to take over and RSI has moved above its 50% level. There looks to be good upside potential, so watch the stock very closely next week.

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Ideanomics Inc (NASDAQ:IDEX) is showing signs of a potential upside recovery. MACD has stabilized and is crossing over its signal line. The August $1 call options have been very active. Next week watch the resistance at 1.43. A close above will be bullish and may test 1.76/2.0

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BioNTech SE (NASDAQ:BNTX) Flagging here. The buy/add point would be when it breaks over 87.58 on volume.

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Arcadia Biosciences Inc (NASDAQ:RKDA) displayed relative strength on Friday and broke out above resistance at the $3.75 level on solid volume. The 4h 20EMA has been a strong resistance for days. Watching if this can go into $4.5's next week.

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Nio Inc (NYSE:NIO) After a great run in the first half of July, the stock has been in a correction mode. $10.46 is strong short-term support. If the stock holds the support then expect a good rally towards the level of $12 and then $12.45. On the 30m chart the MACD triggered a new buy signal as the momentum indicator crossed above its signal line. On the other hand, if the stock breaks the support on volume, it can go down again to 9.5 (closing gap). Definitely on watch next week.

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I feel Sundance Energy Inc (NASDAQ:SNDE) is on the verge of a big bounce from these cheap levels. The stock has formed a large falling wedge in the last few weeks and is showing signs of bullishness. I would look for a move up to $3.25 in the coming sessions. If it passes that, there is very strong resistance at $4 coming up next.

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Hepion Pharmaceuticals Inc (NASDAQ:HEPA) closed up 10% on Friday and strong momentum appears to be building rapidly. The stock price broke out of a base formation on decent volume and could eventually rally up to test the 4.80 resistance zone again. HEPA has seen huge gains over short periods in the past and I believe this breakout could trigger another bull run. From a technical standpoint, the positive momentum seems to be back as the stock is back above the major medium-term EMAs with the RSI going up and MACD in the positive territory.

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FORESIGHT AUTON/S (NASDAQ:FRSX) is forming a large ascending triangle formation on the daily chart, which is usually bullish and could end up in a price spike on the break.

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SPARTAN ENERGY /SH (NYSE:SPAQ) has found a bottom here and looks poised to post a rally from current levels. We start to see some signals of rebound as the technical chart shows positive momentum is back. If stock breaks 15.81 then the stock can head to 18 and if this level is breached then the level of 21.5 is visible. Long setup on watch.

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Urban One Inc Class D (NASDAQ:UONEK) Still on TOP of my watchlist. Key resistance is located at $1.78, a break above this level will confirm a new bullish trend and the following uptrend will take the price up to the $2.5 zone. The MACD is turning up, which is a sign of growing strength in the stock. I think it's worth adding to your watchlist.

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JAKKS Pacific, Inc. (NASDAQ:JAKK) well-positioned as a bottom bounce play at 5.90 a share. I know that it is too early to say for certain but looking at the chart above is very likely. The stock took a big drop in just a few weeks, and is presently trading at levels very low. It's hard to believe, but the share price is now 50% cheaper than was in June and trading in oversold conditions. If it starts to move above $6 with strong volume, that will be an indication of a bounce. Keep JAKK in your watchlist.

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: ABIO, BNTX, FRSX, HEPA, IDEX, JAKK, NIO, RKDA, SNDE, SPAQ, UONEK

19:48 | Permalink |

Top Swing Trade Ideas on my WL for the coming week

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Sigma Labs Inc. Common Stock (NASDAQ:SGLB) is a stock that could head higher from Friday's close. SGLB is in the process of bottoming and I expect a pop above $2.52 very soon. A breakout over this key resistance level with strong volume would send this flying targeting the pivot zone around $4 As i tweeted on Friday i took a long position. All key momentum indicators are starting to move north from oversold and MACD the more bullish as is ready to cross up zero and divergence. There looks to be good upside potential, so watch the stock very closely next week.

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Taronis Technologies Inc (NASDAQ:TRNX) Congratulations to those who took full advantage of Thursday’s pick, TRNX. It delivered nearly 75% potential gains and closed up near the day’s high on a monster volume. On Friday, the stock continued to trade up and traded all the way up to 50c before pulling back to close at 34c. Looking back, I see that I sold too early but my strategy/objective was met so I can't be greedy. We are taking about penny stocks when discipline and strategy needs to be combined. Penny stocks are risky, but if you know what you are doing, have the knowledge and expertise, and exercise caution when necessary as was the case, you stand to gain large return on relatively small investments, so a good strategy and discipline is needed to make sure you gain profits, thats it !! Technically, the stock seems to be forming a descending channel on the 4h chart, only a break and close above this channel, could endorse further bullish actions. Good luck, play smart with discipline.

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Astrotech Corporation (NASDAQ:ASTC) is starting to turn back up again after a healthy pullback and looks right on the verge of a strong breakout. If it breaks the 2.8 level on volume next week, the move could be powerful and the following uptrend will take price up to the recent highs around $4 Money flow remains positive which is bullish near term.

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Comstock Holding Companies Inc (NASDAQ:CHCI) has a very interesting daily technical chart as the stock looks to be ready for another upside move. All indicators are looking Bullish. Keep an eye for a possible breakout over 2.40 We all know how quickly this stock can move higher. I think we can see $2.80 rather quickly. I took a long position on Friday.

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Hepion Pharmaceuticals Inc (NASDAQ:HEPA) could have significant upside based on the recent CEO interview "People should pay attention to Hepion because this is a company that is truly undervalued". On the technical side, the stock has been consolidating its big run from 1 to 2.86 in a large falling wedge formation. This is a bullish trend continuation chart pattern, indicating the continuation of an existing bullish trend after a small pause. The 1.35-1.4 area seems to be a strong support, so as long as the stock stays above that point there could be more upside ahead. If it does rally, I would look for it to at least rise back up to March highs around the $2.8 level.

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NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) is displaying a screaming buy divergence on the upside. A close above 88c will impart bullishness and will help the stock move to the $1.15 area.

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Boeing (NYSE:BA) Friday's action suggested that there is more room for the uptrend to grow on stock. Yesterday’s high was $154, which is resistance for the follow through move next week. If the stock does break resistance, expect to see another upside move. Short-term is bullish as the stock is now on top of its major short-term EMAs. So, keep an eye on it.

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Intelsat (NYSE:I) is in the process of bottoming and I expect a pop above $1.50 very soon. The option traders were active in this name buying a lot of calls (May $2).

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Ageagle Aerial Systems Inc (NYSEAMERICAN:UAVS) Im giving readers a stock that I have alerted in the past and had several times double digit gains in just one day. I rarely alert the same play more than once in a short period of time but UAVS is set up so perfectly for a big bounce that I cant resist. As you could see by the daily technical chart above, the stock has the potential to witness a significant uptick. Nearest resistance for the stock is at 60c If this level is crossed and the stock is able to sustain above this level, then it might go to 80c. Be sure to get it on your radars.

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Congratulations to those who took action on BIOC yesterday when i alerted at 39c on twitter. It performed AMAZING in the final hour to say the least. Stock needs to break the 48c level next week for a potential gap fill. To receive my FREE alerts before the crowd, follow me on Twitter.

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: ASTC, BA, BIOC, CHCI, HEPA, I, NBY, SGLB, TRNX, UAVS

17:40 | Permalink |

Here are a few trade ideas for this week

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Kirkland's, Inc. (NASDAQ:KIRK) after consolidating for several weeks broke upward on Friday hitting $1.63. This could be the start of a rally to $2+ The daily technical indicators are suggesting bullish conditions. The RSI is about to enter its overbought zone. The daily MACD is above its signal line and barely positive. The bears appear to be fighting hard, but the bulls are slowly regaining control. Long setup on watch.

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Janone Inc (NASDAQ:JAN) broke the ascending triangle formation last week accompained by volume. I think the trend is up and Friday's pullback could be a good opportunity to get into the bullish trend. If this stock is not on your watch list, now would be a good time to add it. The technical indicators are looking bullish. The RSI has re-entered its bullish zone. The MACD is positive, and above its rising signal line. Long setup. This low float runs very fast.

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Novavax, Inc. (NASDAQ:NVAX) Good breakout on high volume last week. Buyable on a pullback to the pivot. Near-term trend has shifted to bullish with short-term EMAs crossing over the medium-term EMAs.

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Lattice Semiconductor Corp (NASDAQ:LSCC) a great trading session for this stock and from a technical standpoint this stock could continue to impress. Increased volume supports the bullish view for the stock. Add it to your watchlist next week for continuation. Any pullback should be considered an opportunity for entry into the stock, as estimates continue to rise. SL rising EMA100

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SAFE T GRP LTD/S (NASDAQ:SFET) looks poised for a break to the upside. The stock has been floating around this range for several trading sessions in a row and I think the stock could see a sharp move higher from here. This is one of those stocks that could rise $1 - $2 in a hurry if buying pressure comes in. This is a stock to watch going forward.

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CounterPath, Corp. (NASDAQ:CPAH) After a typical pullback the stock has found a nice support around the 2.30 level and might be reversing (bouncing). It might attempt to breakout above $3.15 level again next week and if it succeed we should expect another strong move to the upside.

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Hepion Pharmaceuticals Inc (NASDAQ:HEPA) Another one with a nice look. Go long on the break of Friday’s high at 5.9 using the rising EMA100 as SL.

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Pulmatrix Inc (NASDAQ:PULM) had a nice surge in price and volume last week. The stock has consolidated over the last couple of days in a bullish flag formation and appears ready for another breakout. The stock hit a high of $1.7 on Friday, which is the immediate resistance for next leg up.

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Nio Inc (NYSE:NIO) is bullish with a lot of technical indicators showing up. The slope of the recent upward move is steep accompanied by increasing volume. This momentum could push this stock much higher, so keep the stock on your radar next week. The stock is now testing the next resistance area around,4.85, wait for it to clear on heavy volume and go long.

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: CPAH, HEPA, JAN, KIRK, LSCC, NIO, NVAX, PULM, SFET

16:39 | Permalink |

Friday's Stocks To Watch - Happy Thanksgiving

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Myovant Sciences Ltd (NYSE:MYOV) money keeps pouring into this stock. One thing that never lies with bio cap stocks is money flow and MYOV has got it going on. This was a $27.45 stock back in July 2018, and while I don't see that price coming this year, I do think there is plenty of more room to the upside. I entered last week around 12.6 and took some profits yesterday. This is very overbought, so this means a possible correction is near and this may give me again a chance to jump in when it moves lower, but the trend is clearly UP.

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Obalon Therapeutics Inc (NASDAQ:OBLN) interest is starting to grow for this small bio cap stock (Watch this Video - Treatment designed for overweight patients). The CEO recentlypurchased 65K shares, which boddes well for us, investors. At some point, investors will catch onto this stock and send it higher. Getting in before the crowd is one of the best ways to make money in this market. On the daily time-frame, the MACD-histogram has been sloping up again and the short-term EMAs have just ticked up to give a buy signal on the Impulse System. The stock needs to break the downtrend line at 1.85 to expect a strong rally at this point. Im long and strong.

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Synlogic Inc (NASDAQ:SYBX) another small bio cap that deserves your attention next week. The company announced recently that Aoife Brennan, M.B., B.Ch., Synlogic’s president and chief executive officer, will participate in a fireside chat at the Piper Jaffray 31st Annual Healthcare Conference at 11:30 am ET on Thursday, December 5, 2019, in New York City. Certainly this is a stock to watch heading into the conference.

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Nio Inc - ADR (NYSE:NIO) this stock closed near its session highs on heavy volume. This stock continues its uptrend and I see it trading at $2.6 and better next week. We have a gap to fill.

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I know many have lost money on Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) as it continues to plunge, but at some point this stock will find a bottom and post a strong rally. Could it be right here at $2.50 ? This technical chart says its time to hold what you got and add a little on the break of 2.71 for a run to 3.36. With the recent positive events I think it is only a matter of time before TTPH takes off and breaks out of its recent bottoming trend. I have been accumulating the stock.

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After a nice pop in the morning the rally fizzled in the afternoon and Hepion Pharmaceuticals Inc (NASDAQ:HEPA) investors were left with a 35% gain on the session. Stock needs to hold the 5.80 support level in order to resume the uptrend.

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Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) news out bolstered the stock and could be signal another potential rally for this stock. It certainly deserves watching going forward. This stock could break out at any moment. Alliance Global Partners maintained Tonix Pharma (TNXP) coverage with Buy and target $6.5

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: HEPA, MYOV, NIO, OBLN, SYBX, TNXP, TTPH

15:36 | Permalink |

AC Investor Blog

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

Sunday, July 19, 2020

Potential swing trade ideas for the week ahead

Saturday, April 18, 2020

Top Swing Trade Ideas on my WL for the coming week

Monday, January 20, 2020

Here are a few trade ideas for this week

Thursday, November 28, 2019

Friday's Stocks To Watch - Happy Thanksgiving

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