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Saturday, June 06, 2020 

Here are 11 Small-Caps on my Radar for the coming week

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Camber Energy Inc (NYSEAMERICAN:CEI) is it on your watch-lists yet? The stock closed at $1.64 on Friday gaining more than 20% and it appears that the momentum is just beginning. Shares broke the downtrend line recently that had been in place since the beginning of April. Trajectories of momentum indicators on daily charts also suggest uptrend for the stock. The rally continued in after-hours action for shares of CEI, which surged more than 16% to $1.91 NOTE: This is a penny stock so play it like one.

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The crazy action in after-hours on CEI could fuel shares of SAExploration Holdings Inc (NASDAQ:SAEX). The stock gave us a nice move on Friday, which could be the start of a bigger move. If the stock price can break through the $2 level, we should see a strong follow through move. This move would break the trading range, and should drive the stock back towards April highs. You need to watch this closely because it could break resistance.

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SemiLEDs Corporation (NASDAQ:LEDS) has been flagging in the last sessions after a huge upmove in May from the 2 to 3.80 area. It has successfully backtested the neckline several times and held it well. If it reverses here, then the 3.80 is on the table. Daily technical indicators are in bullish zones. Plus, stock price has triggered a golden cross on the daily chart. I took a new position on Friday. Dont forget, LEDS is an ultraviolet play. WORTH READING: Breakthrough ultraviolet light development could help kill COVID-19 virus we should expect more news very soon.
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IMAC Holdings Inc (NASDAQ:IMAC) I believe that the stock could be gearing up to make a run out of this trading range very soon. The company released positive news recently that Wall Street may not have seen or reacted to yet. Volume is starting to pick up and there could be a decent short squeeze if it clears the $2 level. Im still long. 

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Sonnet Biotherapeutics Holdings Inc (NASDAQ:SONN) broke out and never stopped all day on Friday. There is a good chance it will continue to move up. If the stock price can break through $5, we should see it move up to $6-6.30. You need to watch this closely because it could break the next key resistance level. NOTE: On Friday, Chardan Capital Markets initiated Sonnet BioTherapeutics coverage with Buy and target $7

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Inpixon (NASDAQ:INPX) looks poised to breakout these next few days as attention appears to be returning to the stock via price gains, volume, and recent news. All three short-term EMAs are rising and the stock is trading above them in a short-term bull market. Daily technical indicators are looking bullish and overbought.

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Party City Holdco Inc (NYSE:PRTY) 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 it carefully for any possible opportunities.

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XpresSpa Group Inc (NASDAQ:XSPA) bullish consolidation or the initial stages of a bigger pullback? Only the time will tell us. A break of the bull flag would argue for a continuation of the current uptrend momentum, on the other hand, a break of the horizontal line could send the stock lower to test support at the 20-hourly EMA and 50-hourly EMA at 1.42. Until support is broken in a convincing manner, the trend remains up.

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Therapix Biosciences Ltd (NASDAQ:TRPX) We finally got the breakout. Shares rallied past resistance at 60c and hit my trigger to open more long positions. As u know, i have been accumulating this stock since 30c. The stock looks good for further gains from here.

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Toughbuilt Industries Inc (NASDAQ:TBLT) Looks like a bottom formation here with a nice gap over 93c. Play accordingly.

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DelMar Pharmaceuticals Inc (NASDAQ:DMPI) Momentum has turned bullish and a break above resistance at 1.15 would open the door for a rally to 1.25

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

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18:16 | |

Saturday, May 09, 2020 

Top Twelve trading ideas for the coming week - A BIG THANK YOU to all of you 85000 followers on Stocktwits

Dearest Readers, 

I would like to thank you for your cooperation and support during the last few weeks, with a high increase of followers on the blog and a great increase in the number of followers on twitter that has almost reached 50,000 followers. As some of you may have noticed, last week I hit 85,000 followers on Stocktwits which was a huge achievement for me. A BIG THANK YOU to all of you.

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The hourly chart of  Creative Realities Inc (NASDAQ:CREX) broke out of a bull flag pattern to the upside Friday on solid volume, which is very bullish. Technical indicators are still looking bullish. Hourly MACD is positive and rising above its signal line. RSI has moved above its 50% level after a healthy correction. Watch for a good follow through day on Monday. Any breakout above the 2.94 level on closing basis may take the stock close to 3.5 and beyond that the 4 area. Stop 2.25

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On the daily chart, Boeing (NYSE:BA) has been forming a descending triangle, which in most cases results in a price breakdown. The nearest level of resistance lies at the upper boundary of the triangle now located at $143. If the bulls break up the triangle on solid volume, will invalidate the descending triangle pattern and indicates to the investors that the stock is ready to head higher. On the flip side, the major support lies at the lower boundary of the triangle located around the $120 area. Key momentum indicators are inside their respective oversold zones. Daily MACD is rising above its signal line in negative territory and the daily RSI is trading slightly below the 50 level. If we would like to see a positive breakout, we would need the daily RSI to rise above the 50 level and continue higher. Definitely on watch next week.

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CHEK remains on my top penny watchlist. I have been accumulating this stock over the past days like i did with MARK in March. Looking at the chart, the accumulation is impressive and this, in my view, bodes well for the stock. In addition, the direct offering reported on Friday 12% above the Friday's close, reinforced my conviction that institutions have been massively buying this stock at current levels. These are facts, not speculation. I play what i see, not what is written on the stars. From a technical standpoint, daily technical indicators have formed bullish rounding bottom patterns inside their respective oversold zones. Plus, the strong volumes and sharp volatility in the past few trading sessions indicate uncertainty by investors, which often precedes a trend change. Im looking for an initial run to 63c then $1 is a possibility. Im still long.

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If Verastem Inc (NASDAQ:VSTM) can break out above $2.04 with heavy volume, I think the stock could shoot up to test the $3 area. There looks to be good upside potential, so watch the stock very closely next week. Still on my top watchlist. 

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SAFE T GRP LTD/S ADR (NASDAQ:SFET) looks about ready to pop here! The stock is picking up momentum and could make a good upside very soon. The trend indicator daily MACD has triggered a fresh buy signal as it curved upward and crossed above its signal line. OBV continues to make higher highs and indicates that there is solid buying of the stock on positive days. The price needs to break Friday's high of $1.33 to expect a strong rally at this point. This stock has a history of big rallies, so I took a strong position on Friday for a possible new rally to +$2

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Co-Diagnostics Inc (NASDAQ:CODX) jumped 5% on Friday finishing the session near the highs of the day on high volume, suggesting buyers are stepping in. The move puts this stock in high probability of a breakout above key resistance in the $15.7 area. If the stock breaks and closes above the neckline of this inverted Head and Shoulders pattern there's a good opportunity to go long and follow the uptrend. Long setup on watch.

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Remark Holdings Inc (NASDAQ:MARK) With a run of over 400% since March lows (i started accumulating and alerted this stock in late March), it makes sense that we look at the current valuation of the stock for signs of a possible pullback, and Friday's candle is telling us something. The stock seems to have formed a possible Spinning Top candlestick chart pattern. This is a type of  formation that occurs when buyers and sellers balance each other out, resulting in similar opening and closing price levels. On the other hand, the daily RSI is also showing lower highs as shown by the trendline. This could be an additional confirmation, that the current trend might reverses here or at least pulls back a little bit before the uptrend continues. I know that Bulls will not agree with me, but it is what it is and a pullback could be perfectly normal. Note: Currently i don't own any shares, i sold all my position with more than 100% gains.

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I have been watching IMAC Holdings Inc (NASDAQ:IMAC) over the past few days, waiting for a possible upside move. The stock seems to have found a strong support at present levels. The daily technical indicators are improving significantly. The RSI has moved above the 50% level and MACD signal line crossed over to the upside. IMAC could have good upside potential, so watch the stock closely.

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TrovaGene Inc (NASDAQ:CRDF) Thin name but with an interesting chart pattern. We can see that the stock has continued to move sideways and has established somewhat of an ascending triangle formation as it continues to consolidate. The Hourly MACD is starting to curl and showed relative strength on Friday. Breakout watch over 1.29 (Short-term target 1.7)

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Milestone Pharmaceuticals Inc (NASDAQ:MIST) After a nice pullback to back-test the breakout area, it looks to me like this may have a move next week. Considering the strong momentum on Friday, the stock looks set to break higher and rise above its declining hourly EMA200.

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Microbot Medical Inc (NASDAQ:MBOT) I'm accumulating long positions again in the range of 6.9-7.25 levels for an immediate target of $9+ levels. With the stock price showing signs of bounce back, I believe that a short covering rally may be near. Watching action closely up here.

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Yield10 Bioscience Inc (NASDAQ:YTEN) Keep a close eye on this one next week. The stock price is showing signs of a bounce and next level of resistance according to this daily technical chart above is at 5.75 With good trading volume, the stock could be poised to trade higher to test its next level of resistence around 7.15

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

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16:14 | |

Friday, April 10, 2020 

8 stocks to watch in the coming week - Happy Easter !!

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SG Blocks Inc (NASDAQ:SGBX) has been mired in a tight range between the EMA50 (yellow line) and the EMA200 (green line) on 30m chart, after pulling back from its highs from a few days ago. Could this stock be ready to resume its rally next week? The longer its stays in this range, the better the case can be made for the bulls. From a technical standpoint, based on this time-frame, I think the current price range is an attractive entry for the impending 20-30% run that lies ahead. As i always say, i play what i see. If the breakout happens, could be another dollar up wave at least as a technical projection. Lets see if that happens on Monday. Im long.

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IMAC Holdings Inc (NASDAQ:IMAC) has also another good looking chart and is setting up nicely for a big run. All technical momentum indicators are in bullish configuration as the outlook remains positive. Get your ticket for the move higher.

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SONNET BioTherapeutics (NASDAQ:SONN) caught my attention on Thursday because of the price action and the large falling wedge that i usually love to play. Plus, it is starting to show some of a bottoming process, with a bullish divergence forming on the MACD Histogram. The stock has held its current range meaning we could be seeing at least a temporary bottom. If the stock does indeed bounce and break the upper line of the falling wedge to the upside located around 5.4 we could see a significant short squeeze.

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Predictive Oncology Inc (NASDAQ:POAI) The bottom looks to be in, and the risk of more bloodshed is a lot lower than it was weeks, or even days ago. The stock seems to be forming a bottoming process and there are reasons for that. Hourly MACD is making higher lows while the price action is testing the bottoms indicating that the downmoves is less strong each time. The break and close above the 1.48 area next week will constitute the trigger for the reversal.

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Eros International plc (NYSE:EROS) broke out yesterday above its downtrend line that has been in effect since January. The breakout looks real good and i sense significantly more upside at this stage. Also MACD shows positive momentum. There could be good upside in EROS, so watch the stock closely next week.

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BioCryst Pharmaceuticals, Inc. (NASDAQ:BCRX) is coiling up for a breakout move.

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Biocept Inc (NASDAQ:BIOC) is displaying upside momentum again and is poised to move higher from these levels. Let’s see whether the stock can gather enough momentum to break through 39c next week. If the Bulls are able to push through this level, there will be another rally towards 55c. The uptrend continuation scenario is slightly more likely at the moment. Shareholders may remain invested with a stop-loss at 25c.

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Myovant Sciences Ltd (NYSE:MYOV) jumped 85 cents or 9.71%, Thursday, on solid volume and finished at its highest close in more than five weeks. The stock closed at 9.6, above the key resistance area at 9.27, confirming the breakout. The close was also near the high of the day, which is another good sign and an indication of possible continuation of the current bullish momentum. In the coming sessions, we could see extension of this new momentum towards 11 area.

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

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13:54 | |

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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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