AC Investor Blog

Just a few charts to share this weekend for the coming week

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Scworx Corp (NASDAQ: WORX) has been consolidating nicely since it rose from 1.9 to a high of almost 4.40 on volume accumulation. The stock could be ready for another rally. I think the $4 price point is worth watching from here. I think a break of it would send this stock at least another 50% higher or $6 PT ( this is the measured move target for stock). Technical indicators are turning bullish. Daily MACD has crossed above its signal line in negative zone and RSI is in neutral zone, but showing a bit of upward momentum. Add it to your watchlist.

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Obalon Therapeutics Inc (NASDAQ:OBLN) the daily chart is what has my interest. Such a dramatic fall will almost certainly at some point see a bounce. When it does bounce it should be a violent one and this stock has a history of huge bounces. Let's see what Monday brings.

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Pacific Ethanol Inc (NASDAQ: PEIX) appears to have bottomed. Recent news regarding the ethanol sector as well as some strong insider activity (CEO bought 100K shares last week) could be the impetus for a strong rally in these shares. Keep a close eye on the stock over the next few days for confirmation that a bottom was reached and a rally is underway. There is also a bullish divergence signal of a possible trend reversal, as the daily RSI and the MACD continue to print higher lows, suggesting that the stock may soon change direction.

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Zagg (NASDAQ:ZAGG) pulling back on low volume to support level. Based on the recent takeover rumors, this could be a good entry zone. Stock has been under strong accumulation.

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Fuwei Films (Holdings) Co Ltd (NASDAQ: FFHL) exploded higher on Friday with an impressive earnings report. I expect more gains early followed by some profit taking. Above you can see the 5m chart with support at 5.25 and resistance at 6.75. Trade this stock accordingly.

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Ibio Inc (NYSEAMERICAN:IBIO) continues to be one of my stocks to watch. Keep this one on your watch list. It is ready to post a sizeable gain from Friday's close.

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Silvercorp Metals Inc (NYSEAMERICAN:SVM) had a nice move Friday, as the stock set new 52-week highs. The stock hit a high of $4.01, which is resistance for the follow through move. Charts on all time frames are bullish.

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Diffusion Pharmaceuticals Inc (NASDAQ:DFFN) appears to be poised for a nice bounce off this bottom. From my point of view, the stock has formed a bottom in short-term and I expect a move past 2.39 to take the stock towards the target of 3.2 with stop-loss at 1.90

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Tesla Motors (NASDAQ:TSLA) needs to hold this key support level for some bullish action in the coming days/weeks. Definitely on watch next week.

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Fuel Tech Inc (NASDAQ: FTEK) has been in a major corrective phase in the recent months. The downtrend that commenced in late April appears to have been completed at the latest low of 81c. The MACD on the daily chart is starting to give a new buy signal and the share price could move to the short-term target of $1.17-$1.2. This view would be valid as long as the stock holds above 81c. Place a stop-loss at this level for long positions.

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: DFFN, FFHL, FTEK, IBIO, OBLN, PEIX, SVM, TSLA, WORX, ZAGG

14:25 | Permalink |

Stocks to keep an eye on May 22, 2015

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Shares of GlaxoSmithKline plc (NYSE:GSK) are starting to heat up and are worth watching. If volume can pick up, I believe this stock can break through next resistance at $46 and re-test its March highs around $48. Daily technical chart shows some bullish signals as RSI is now going up and the MACD just crossed above the signal line.

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Enzon Pharmaceuticals Inc (NASDAQ:ENZN) closed today at $1.22 on solid volume. The stock was trading as high as $1.88 in April and it appears that a massive potential bounce could be imminent. The MACD Histogram is displaying a positive divergence and RSI is starting to trend upwards. There was a steady increase in vlm towards the end of the day, leading me to believe this stock is starting to attract some serious attention. On watch.

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BlackBerry Ltd (NASDAQ:BBRY) After the market close, the company announced a buyback plan for its shares (2.6% of the float). With a short interest of around over 17% and a nice setup it looks like many of shorts will start to feel some pain. Technical indicators are looking bullish. The RSI is moving up and above its 50 level. The daily MACD continues to trade in the positive zone and the ADX is also turning up.

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Very bullish action on Ibio Inc (NYSEMKT:IBIO) today. The stock made a very significant move on high volume which could be signs of a bottom here. First resistance is seen at today's high of $1.09 and then at 1.12. On watch.

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Himax Technologies, Inc. (NASDAQ:HIMX) Although the stock price did not perform well today, the daily technical chart is still showing positive momentum. Nearest resistance for the stock is at $6.52. If this level is crossed and the stock is able to sustain above this level, then it might go to $7

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: BBRY, ENZN, GSK, HIMX, IBIO

22:29 | Permalink |

Stocks to keep an eye on April 27, 2015

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Ibio Inc (NYSEMKT:IBIO) This Daily technical chart popped up on my scanner and I feel it's one that should make its way onto your watch-lists for next week. Yesterday the stock experienced the biggest volume since the February highs, signalling renewed interest from investors. You can see on the chart above by comparing the volume bar to the other volume bars. Large surges in volume like we had on Friday should always raise an eyebrow, since volume is one of leading indicators for technical analysis. I think we have here an explosive situation on our Hands! The daily technical chart is forming a large Cup and Handle pattern, which usually resolves in bullish fashion. A breakout would be confirmed when the price breaks above the level of 1.40. The momentum indicator is also rising, which adds further strength to the bullish evidences. Another sign of strength is that the stock has been sustaining above its key EMAs over the past few trading sessions and the RSI indicator is also rising in positive territory. Going forward, stock has immediate resistance at 1.12 followed by 1.32/1.40 levels. This stock needs to be at the top of your watch list.

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Sphere 3D Corp. (NASDAQ:ANY) released great news on Thursday 23th. The company announced that in collaboration with Microsoft will showcase its technologiesand product solutions during a joint global partner roadshow. Based on past history of stock performance and looking at the daily technical chart above I think we could see another strong rally in May testing and possibly breaking the 200-day EMA. MACD already gave the buy signal.

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On the daily technical chart above, the share price of ZIOPHARM Oncology Inc.(NASDAQ:ZIOP) has been trading sideways for the past couple of weeks after correcting from its all-time high of 14.40, which could be interpreted as a bull flag pullback. If price can get back over 12.13 then the bull case will win and we should look for a move to resistance at 14.

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BlackBerry Ltd (NASDAQ:BBRY) Closed the week above the downtrend line and looks like it will continue to run up. Looking at the daily technical chart above the stock has just entered into a short-term bull market as the price is on top of all major EMAs. Other technical indicator such as MACD, is rising and above 0 showing positive momentum, while RSI also show buy signal. If the stock breaks next resistance at 10.46, the share price is likely to move to the target zone of the 11.45-11.5 range.

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58 com Inc (NYSE:WUBA) stock is overextended and vulnerable to a sharp correction after a period of remarkable gains. The technical chart is forming a steep rising wedge, which combined with the overbought reading and the euphoric bullishness, could be the perfect storm for a strong correction. Be careful if you are long.

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500 com Ltd (NYSE:WBAI) Negative divergences are everywhere. If the MACD crosses it should trigger some sort of selling.

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Alibaba Group Holding Ltd (NYSE:BABA) displayed some impressive relative strength on Friday with a 2.7% gain on decent volume. $85.68 (50EMA) is a key to watch for this stock. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and RSI back above 50. The nearest trend is in favour of Bulls and price has room to go higher. If the stock can break through that level (50EMA), we should see strong volume drive the stock higher. On watch.

Have a peaceful weekend !!

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: ANY, BABA, BBRY, IBIO, WBAI, WUBA, ZIOP

08:43 | Permalink |

Stocks to keep an eye on April 24, 2015

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Sangamo Biosciences, Inc. (NASDAQ:SGMO) Today's close on high volume confirms a trend change from downward to neutral. Will watch to see if it can break this horizontal resistance line. Technical indicators are showing signs of turning around. Over $16.20 would be buy trigger.

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Digital Ally, Inc. (NASDAQ:DGLY) could be in the early stages of a technical breakout (falling wedge pattern on daily). If the stock can break through 13.50 tomorrow, I expect to see heavy volume drive the stock higher.

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BlackBerry Ltd (NASDAQ:BBRY) After consolidating sideways the last few days with an upward bias, the stock broke out upwards today accompanied by a volume surge. Looks good for higher prices.

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Ibio Inc (NYSEMKT:IBIO) Volume starts to pick up again. Could make a nice move to the upside. MACD lines are going up. Keep this one on your watch list. A break of $1.12 with force might give IBIO room to $1.31.

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CA, Inc. (NASDAQ:CA) looks like it is getting ready to move. It has a good base at $31 which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above $32.50. Long setup.

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MEI Pharma Inc (NASDAQ:MEIP) rebounded from the support line located at $2.05 and closed the day near the highs, gaining 4.8% on the session. I'm watching the stock to breakout the resistance level at $2.44. The technical indicators still indicate a bullish tone in short-term.

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I think Galena Biopharma Inc (NASDAQ:GALE) stock has found a nice bottom here and it looks poised to post a rally from current levels. The Slow Stochastic just produced a new buy signal. I would watch for a breakout over the $1.46-1.48 region.

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: BBRY, CA, DGLY, GALE, IBIO, MEIP, SGMO

23:08 | Permalink |

Stocks to keep an eye on April 10, 2015

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Cirrus Logic, Inc. (NASDAQ:CRUS) is still holding up well and the price has a chance to move higher. Keep this one on your watch list, it could be setting up to break out of this flag.

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VirnetX Holding Corporation (NYSEMKT:VHC) continues to trade within a large ascending channel with the lower and upper boundaries at 6.26 and 8.72 respectively. I still think this is a nice long setup. In the short-term there is a minor resistance around the $7 level. If it crosses that, we might see 8-8.30 in next week or so. The RSI continues to move up and the MACD indicator is also turning back up.

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AK Steel Holding Corporation (NYSE:AKS) looks poised for a break to the upside IMHO. The price has been holding a tight range. Long over 4.65 for a target of 5 with stop loss of 4.26. Daily technical indicators are looking bullish. The MACD is above its signal line and both are moving up in positive territory. RSI and slow stochastic are both near their bullish zones. Long setup.

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Lumber Liquidators Holdings Inc (NYSE:LL) is setting up nicely for a move higher. If it breaks the downtrend line with some good volume, we could see 37 quickly.

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Pacific Ethanol Inc (NASDAQ:PEIX) is building a nice Bullish pattern under the 200-day EMA (located now at 11.66). Watch for a break through that price level to indicate that another push higher will occur. In the medium-term, the technical daily chart still shows bullish sign as the stock is trading above both 20-day and 50-day EMAs with MACD rising in Bullish territory.

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Plug Power Inc (NASDAQ:PLUG) is in the process of bottoming and I expect a pop above $2.75 at some point in the coming sessions. From a technical standpoint, the MACD just crossed above signal and the RSI is showing some strength in this movement.

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Ibio Inc (NYSEMKT:IBIO) jumped up by 32% today and closed at $1.05 share on strong money flow. This will be a stock to watch going forward.

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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: AKS, CRUS, IBIO, LL, PEIX, PLUG, VHC

22:21 | Permalink |

Stocks to keep an eye on March 30, 2015

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BlackBerry Ltd (NASDAQ:BBRY) posted better-than-expected quarterly earnings yesterday, showing clear signs that its turnaround efforts is giving the first results even with less revenue. They are doing a great job avoiding any cash burn during the business transition. The best part of the report in my opinion was the software revenue that rose 20% from a year earlier, offering signs of the ongoing transition to a more software-driven revenue stream. In addition, the company reported positive cash flow of $76 million in the quarter and its cash position is now $3.27 billion. I continue to believe in Blackberry and in its management, I don’t care about what some analysts are saying due to its conflict of interests. My long term investment requires patience but it will pay off someday. I want to double my money in this one as I have been saying for weeks on twitter. Im very familiar with Blackberry products and all its features, therefore I know in what im currently investing. I could be wrong, I could lose my money but the risk/reward it seems favorable to me. John Chen is doing the same work in controlling operating expenses and eliminating its cash burn like he did at Sybase in the beginning. Im here for the long run. From a technical standpoint, the chart is displaying positive divergences on momentum indicators and with the stock oversold, these are the perfect conditions for a short-term rally IMHO. The RSI has reversed the course and the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. I would look for a move up to $10.06 resistance soon.

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Facebook Inc (NASDAQ:FB) On the daily chart price has back tested successfully the breakout zone. Let's see if the price can hold above this key support area next week and move higher.

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Rambus Inc. (NASDAQ:RMBS) has a very interesting daily chart and could have a bigger move soon. The break of the next key resistance line with heavy volume should be the next buy point on Rambus. If it clears resistance at $12.88, the move may be powerful. Despite recent decline, the daily RSI remains above 60 levels and may support the bullish argument here. Additionally, the A/D line still show the stock is on the positive swing. On watch.

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Rite Aid Corporation (NYSE:RAD) looks like it's getting ready to move. The price broke through its previous resistance point of 8.48, made a new 52-week high but failed to close above, however this was the first signal that I was looking for since a while. On the grand scale, in white, you will see a large cup and handle pattern and if broken the target will be around $12. Next key resistance is now located at $8.73 (yesterday's highs), a break above this level will confirm the bullish trend and the following uptrend will take price up to $9 zone.

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Ibio Inc (NYSEMKT:IBIO) should see some trading activity on Monday as investors interest continues to increase after yesterday's Reuters news wire: British Ebola patient cured after experimental treatment. MIL 77 is a close relative of another experimental medicine ZMapp. Resistance for the move is 78c (100EMA). This stock will move quickly and is very volatile, so be careful with your share size and entry price. I bought some shares on Friday..Let's see..This chart definetely looks like a bottom chart to me.

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I've been stating fordays that King Digital Entertainment PLC (NYSE:KING) was trying to bottom. Last week the stock resumed a fresh up move after 2 weeks of consolidation and seems poised for a breakout above the 16 mark. On the grand scale, we can also see that there is also a Bullish inverted head and shoulders pattern developing with the neckline around 16.10. The recent high volume along with positive crossover of MACD on the daily charts suggest fresh buying interest in the stock. I'm Bullish on KING.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) had a signficant pullback last week that was stopped by its 50-day EMA at 10.62. Price needs to hold this key support area and break out above the 20-day EMA at 12.24 for a potential short-term uptrend move. The daily momentum indicators are showing mixed-signals with a positive bias.

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Twitter Inc (NYSE:TWTR) Price has been having wild swings since it broke the $50 level. The outlook remains positive supported by the EMAs and momentum indicators. Watch for a break out back above the 51.87 level which is Wednesday's high.

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Sirius XM Holdings Inc. (NASDAQ:SIRI) has been in correction mode the last couple of weeks. It needs to sustain above $3.81 to make a move to its recent high of $4.04. If it does not catch support here, look for support at the 100-day EMA at 3.70. On a short term basis, MACD and RSI show bearish signs.

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From my point of view, I think Kite Pharma Inc (NASDAQ:KITE) may break down here. Up/Down volume pattern indicates that the stock is under Distribution IMHO. The stock price closed fractionaly last week above the major support at $58, but any close below this level could have further negative implications for the stock, and a move to $50 cannot be ruled. At this time the price is still trading below short-term EMAs. In addition, falling MACD, now below 0, also indicates bearish trend. Fresh long positions, should be initiated only when the stock moves above $65.

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: BBRY, FB, IBIO, KING, KITE, RAD, RMBS, SIRI, TWTR, ZIOP

15:05 | Permalink |

Stocks to keep an eye on March 2, 2015

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Cyberark Software (NASDAQ:CYBR) finally broke down from the bear flag formation highlighted on the daily chart, signaling further decline. The stock price shows weakness with its recent decline and could reach the potential target area at $52. The trajectories of momentum and directional indicators also point to continuation of negative bias. Based on fundamentals this stock is way overvalued. Short setup.

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Bonanza Creek Energy Inc (NYSE:BCEI) Shares ended the day down $2.29, or 7.83 percent, to close at $26.95 on heavy trading. Trendline support has been broken on the daily chart at $27.7 with the next target at $24.50. Technically speaking, it is now in a Bearish mode with MACD below signal line and the stock price below all major EMAs. I expect the stock to continue its downside movement. Short setup.

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VirnetX Holding Corporation (NYSEMKT:VHC) Still holding long position. From a technical perspective, the stock finally broke out above $7 a share last week with a strong volume expansion. It has a medium-term target of 9 and it could move a lot further especially given the high level of short interest. However, I think we are due for some kind of a pullback (overbought conditions), which could be a buying opportunity.

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BlackBerry Ltd (NASDAQ:BBRY) Strategy: Buy on dips. The stock closed at 10.81 on Friday in a weak session for techs, reconfirming the new uptrend after the recent break of the 10.5 resistance level on expanding volume. Because of this I feel that this stock is ready to go towards its next target of $11.11 level. Accordingly, I suggest to buy the stock on dips targeting $11.11 and +$12.50. The technical indicators are looking better for the stock. Chart shows a very bullish sign as the stock price is back on top of all EMAs moving average while the MACD is positive and rising. Long setup.

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Sunshine Heart Inc (NASDAQ:SSH) broke out of symmetrical triangle formation last week. From a technical standpoint, the stock is now very bullish with the breakout having a large spread and volume. We also have the MACD above zero line and RSI above 50% levels, indicating the stock is in a “bullish” trend. Any break above the $6-$6.20 range will push the prices toward the $6.90 to $7 area. Stop-loss 5. Long setup.

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Ibio Inc (NYSEMKT:IBIO) The stock went as high as $1.06 before closing the day at $1, up more than 3 percent on solid volume. From the technical daily chart above we can see that the stock is on a bull market as the stock is trading above all EMAs and MACD is above Zero line. Given the strength that we saw yesterday, it seems to me that the correction is nearing an end and the uptrend is about to resume. The stock may go up to 1.4 or more if it breaks next week the resistance at 1.08. I went long with a stop located at located at 86c (20EMA).

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salesforce (.) com, inc. (NYSE:CRM) had a very good bullish rally last week accompanied with large volume. A gap was formed also with good volume. It's now in the red line as RSI hit 80. It may still move up some + cents but I expect a correction any time as we have observed that a lot of indicators have already reached overbought conditions. $69 is the key support level.

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I alerted Second Sight Medical Products Inc (NASDAQ:EYES) to my twitter followers (TWITTER ALERT) before crowd when it was trading around the 8.85 level. Traders who saw the gold in my alert and took advantage of EYES 100% climb, then congratulations ! BRAVO !!!

And lastly...I am also keeping a close eye on Hemispherx BioPharma, Inc (NYSEMKT:HEB) for the month of March (I own 60,000 shares of this right now). The company and the U.S. Army Medical Research Institute of Infectious Disease will present findings of new studies of Ampligen(R), an experimental therapeutic during the 7th Annual International Symposium on Filoviruses in Washington, DC, March 25-28.

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: BBRY, BCEI, CRM, CYBR, EYES, IBIO, SSH, VHC

12:29 | Permalink |

AC Investor Blog

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

Saturday, August 24, 2019

Just a few charts to share this weekend for the coming week

Thursday, May 21, 2015

Stocks to keep an eye on May 22, 2015

Saturday, April 25, 2015

Stocks to keep an eye on April 27, 2015

Thursday, April 23, 2015

Stocks to keep an eye on April 24, 2015

Thursday, April 09, 2015

Stocks to keep an eye on April 10, 2015

Saturday, March 28, 2015

Stocks to keep an eye on March 30, 2015

Saturday, February 28, 2015

Stocks to keep an eye on March 2, 2015

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