AC Investor Blog

These are some setups for upcoming week

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The strong move in Sorrento Therapeutics Inc (NASDAQ:SRNE) shares was something that I tweeted Friday in pre-market as a potential big percentage mover. If you were following my twitter account you would have gotten the tweet when the stock was trading around 3.90. If you jumped in and booked your profits, congratulations. I sold all my old position, however it seems that we could see more gains going forward. Looking at the 5m chart the stock formed a trading range in the 6.5 to 7.5 region. A break up will bring the price to repeat the test of 9. Break down, will allow the bears to go to 5.74-5.33

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Forward Pharma (NASDAQ:FWP) This 6.29 stock was trading over 12.7 a share less than 3 weeks ago. That being said, and technically speaking, the odds suggest a bounce is in the cards next week. In addition, the stock has reached a major support level, where it bottomed out several times before. From a technical standpoint, the stock price is showing signs of a bounce and next level of resistance according to this 30m chart is at 6.40. The final hour bounce off the lows on Friday was a bullish signal and gave the bulls an indication that this bounce may be the start of something much bigger to come. You need to watch this stock closely on Monday because it could break resistance and rise to 7.2 range.

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Rallied hard Friday on heavy volume breaking several key resistances areas. If it clears back over 1.52 next week, may have some good upside. I tweeted the potential brekout on shares of Ibio Inc (NYSEAMERICAN:IBIO). Congrats to those who paid attention. Short-term technical indicators are strong.

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Francesca's Holdings Corp (NASDAQ:FRAN) is a stock I think deserves some watching over the coming sessions for a potential short-term reversal. Watching for $2.70 breakout. All key momentum indicators are in favor of an upward price movement. FRAN will move quickly, so keep it on your screen next week.

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Therapix Biosciences Ltd (NASDAQ:TRPX) There is a lot of volatility but the daily chart shows accumulation. Who is buying? Morgan Stanley reported a 5.1% passive investment last month. As i said several times, this stock should be trading abv 50c imho new CEO, different ideas, Nasdaq extension, offering closed. The company is on the turn-around and I expect the price to lead the charge. Im long.

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I have already outlined the many reasons why I like SG Blocks Inc (NASDAQ:SGBX) on Twitter. At 2.4 this stock, in my view, offers a tremendous opportunity to profit in the short-term. Yesterday, company tweeted that Osang Healthcare Co, the first South Korean testkit maker to receive authorization from the U.S. FDA, is ready to ship kits that can test 100 million people in the U.S. for Covid19 and SG Blocks is honored to be a distributor. Plus, in after-hours the company announced the closing of the issuance of an additional 900,000 shares of common stock pursuant to the exercise in full of the underwriters' over-allotment option in connection with its public offering that closed on May 11, 2020, which is a clear sign of investor interest. From a technical standpoint, MACD is starting to curl up, the grey histogram bars are starting to turn back to zero, showing that the recent downtrend is changing in the opposite direction. That trend change for SGBX is just getting under way. Yesterday, I increased my long position.

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PayPal (NASDAQ:PYPL) A bullish consolidation on the 4h chart, potentially offering a breakout opportunity.

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NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) I think I've been doing remarkably well spotting these small bottom charts lately. Is this the bottom? Thats always the risk, it could fall further, but from a technical perspective we could see here possible double bottom formation on hourly chart. In addition, MACD is also curling up and RSI is turning up below 50. Im still long.

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Novavax, Inc. (NASDAQ:NVAX) looks to be forming another bullish consolidation before more possible upside. The stock needs to digest the recent gains and work out the overbought condition with a correction or consolidation. Breakout watch over 46 SL 36

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Amyris Biotechnologies (NASDAQ:AMRS) successfully back-tested the recent breakout zone and bounced nicely. The stock has a bullish setup in play and as long as price holds $2.98 there is no reason not to be bullish here. Long setup.

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Vermillion, Inc. (NASDAQ:VRML) broke out of an important consolidation area with heavy volume and will likely have the attention of the swing traders in the next sessions. Buyable on any pullback to pivot.

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: AMRS, FRAN, FWP, IBIO, NBY, NVAX, PYPL, SGBX, SRNE, TRPX, VRML

21:11 | Permalink |

Stocks to watch for the coming week, including coronavirus plays

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Co-Diagnostics, Inc. (CODX) surged 20.7% or 56 cents to $3.26 after the company announced yesterday the successful initial verification of its screening test designed to identify the presence of the novel coronavirus and the test will soon be ready for validation in and subsequent distribution to any appropriate venue across the globe. The technical indicators still indicate a bullish tone in short-term. The major support level is located at $2.6 and the resistance is still at $3.60 Above this key level, stock has resistances at 3.77 (January 2019 high) followed by 6.66 (2018 Highs).

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BOQI International Medical Inc (NASDAQ:BIMI) finally broke the trading range it had been into from many weeks on the upside and managed to closed above it which is a positive sign for stock. The next major resistance stays at $5.70 Daily technical indicators are turning bullish. MACD is rising above its signal line in positive territory and RSI has reached its overbought zone. Buyable on a pullback ot its pivot zone.

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ShiftPixy Inc (NASDAQ:PIXY) Do you remember this stock? The same i mentioned (Stocks to Watch for December 19, 2019) as a potential bottom play few days before the big run to $27.5 now what? The stock is back to its prior levels and i started buying again. The bounce off the recent sell-off lows $7.50 could potentially be the start of an even higher move. I think this bodes well for another big bounce from current levels. First target $12

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CounterPath, Corp. (NASDAQ:CPAH) nice pullback on very low volume yesterday while MACD continues displaying a positive divergence. Added some for next leg up. Keep in mind, The company has partnered recently with Honeywell to create Smart Talk (the software solution enables workers to improve collaboration in several places including Hospitals). With more countries suspending travel to and from China due to the coronavirus problem, these stocks should be definitely in your radar screen next week. With nearly 20 years of experience, CounterPath is an industry leader in VoIP applications and has more than 20 million activations worldwide. From a technical standpoint, daily technical indicators have corrected oversold conditions, and are turning bullish now displaying positive divergences. With almost 15% of the float short, positive divergences, a basing chart pattern and a potential hot sector, these are the ingredients for a short squeeze.

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Novavax, Inc. (NASDAQ:NVAX) is getting ready for a breakout of the upper line of the large bull flag. Buy point would be on the day it blows through $8 on heavy volume.

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Cleveland BioLabs, Inc. (NASDAQ:CBLI) rallied hard Friday on heavy volume. If it clears back over 4.65, may have some good upside. SL 3.32

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Seneca Biopharma Inc (NASDAQ:SNCA) I have been following this stock for a few days now and surprisingly it showed some strength yesterday on volume in a depressed market. On the momentum front I'm seeing some positive divergences in several key momentum indicators, but this are not confirmed yet, as prices have not shown a confirmed reversal. Momentum oscillators are neutral to positive. The stock needs to break Friday’s high of $1.22 to expect a strong rally at this point. This stock was trading over $4 a share two weeks ago. Im long.

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Genprex Inc (NASDAQ:GNPX) is starting to make a move to break through the top of its range. This is a good stock to watch and once it breaks through $2 on a close basis the stock should move.

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Give Microbot Medical Inc (NASDAQ:MBOT) a close watch for a big bounce. Notice how the MACD on daily chart is starting to curl up, the grey histogram bars are starting to turn back to zero, showing that the recent downtrend is changing in the opposite direction. Plus, the stock has reached a major support level, where it bottomed out several times before. This low float could see a big bounce in the coming sessions.

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Ibio Inc (NYSEAMERICAN:IBIO) wait for the break of the box. An upside break of the trading range would signal a continuation of the rally from the November lows. Breakout watch over 34c

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: BIMI, CBLI, CODX, CPAH, GNPX, IBIO, MBOT, NVAX, PIXY, SNCA

15:23 | Permalink |

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 |

AC Investor Blog

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

Saturday, May 16, 2020

These are some setups for upcoming week

Saturday, February 01, 2020

Stocks to watch for the coming week, including coronavirus plays

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

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