AC Investor Blog

Hello 2020 !!! My First Blog Post of the Year. A Few Trading ideas for some Big, Mid and Small caps

Hello Everyone !!

I hope you have had a great New Year celebration. Here we are for another year that promises to be volatile in overall markets due to US 2020 election. Anyway, I wish to all good luck for trades, wishing you good profits and I hope to contribute to make it possible too. From my point of view, I think and hope that the current Bull market initiated in July of 2009 will continue, even with many uncertainties playing against, so along this year keep your eyes wide open.

Feel free to reach out to me at antonio.mrcosta@gmail.com for inquiries about my newsletter/twitter or whatever. Thanks for reading.

( click to enlarge )

McDonald's (NYSE:MCD) Just last week I posted this chart noting that the chart was looking better. The stock was on my potential breakout scan and looked poised for gains. This is what the stock has done since. As long as the breakout holds, we could see a measured move up toward the mid 205’s.

( click to enlarge )

Splunk (NASDAQ:SPLK) has been rising in an ascending triangle formation. Look for the break above the 153.66 level to enter longs. Daily indicators are in favor of an upward price movement: all the 3 major moving averages are below the current price and MACD still above the 0 line. Long setup on watch.

( click to enlarge )

Blackberry (NYSE:BB) had a huge move in the mid-December and has been consolidating in a bull flag pattern. Volume has been declining during the consolidation period which is very healthy. A breakout of the flag with higher than normal volume can trigger a sharp upside move towards 7.50

( click to enlarge )

Shineco Inc (NASDAQ:TYHT) looks like it is a decent risk reward long play here. The stock has been pulling back the past 8 sessions, but looks to have found a bottom at its current price level. I'm watching this stock closely on Monday, as buyers might start buying at this support level. Could pop significantly over 0.625, which reflects Friday’s high of the day. With the amount of accumulation going on with TYHT, when the stock finally does begin to walk, it will take significantly less volume to move it. I took a position.

( click to enlarge )

Westwater Resources Inc (NASDAQ:WWR) This downtrend line has been proved to be a strong resistance. More times the resistance has been tested, there is good chance for breaking above that point. Honestly speaking, I feel that there is a possibility for WWT to go beyond $2.5 in the coming days. What I like about this daily chart after Friday's close is the curling of the MACD indicator. Volume has slowed, selling still has abated. Let's see if I'm right. I think WWR will make for a great trade tomorrow and throughout the week. Major resistance lies at 4.50. Low float plays have been very hot, so keep a close eye on it going forward.

( click to enlarge )

I think Achieve Life Sciences Inc (NASDAQ:ACHV) will have a relief rally after its dramatic fall. The stock has held its current trading range, meaning we could be seeing at least a temporary bottom imo. I wouldn't be surprised if this stock popped 20-30% in just one session soon. Squeeze over 57c

( click to enlarge )

Inpixon (NASDAQ:INPX) closed at 45c on Friday. Such a beautiful move off its lows and while the stock remains overbought, it has some serious momentum on its side. This stock was on my December 17th bottom scan at 13c. Looking at this hourly chart, the stock needs to hold the 0.415 zone to expect further gains. Tight stop losses should be used here.

( click to enlarge )

Applied DNA Sciences Inc (NASDAQ:APDN) the accumulation is still there and this, in my view, bodes well for the stock. Big boys are holding this low float play. It will be a very hot stock at some point this month IMHO Janury effect.

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: ACHV, APDN, BB, INPX, MCD, SPLK, TYHT, WWR

13:03 | Permalink |

Trade Ideas for the coming week

( click to enlarge )

Snap Inc. (NYSE: SNAP) broke out of a bullish flag formation and closed just slightly below a key resistance level at $17. A break of this level in the next couple of days could lead the stock towards new highs around the 18.36 area. Long setup.

( click to enlarge )

Kandi Technologies Group Inc (NASDAQ: KNDI) jumped 12 cents, or 2.26%, on Friday, breaking key resistance at 5.38 and closing at 5.44. That's the highest close in more than six weeks, thus confirming that the stock has renewed momentum. This momentum could move stock to the 5.8 area in the next few trading days. Long setup on watch.

( click to enlarge )

I like this daily chart on Twitter, Inc. (NYSE: TWTR) a lot. Prob one of my Favorites. As you can see the stock brokeout on high volume Thursday and was able to keep the strength on Friday. I've seen this many times in the market and you know what the end result usually is? Well, it's alot of money. RSI still rising and we are not even in overbought territory yet. Plus, the Accumulation/Distribution shows that the stock continues to be under accumulation by institutional traders and money managers. We should see more highs ahead.

( click to enlarge )

Inpixon (NASDAQ:INPX) was able to make upward movements in intraday trading for the second day in a row as volume continues to increase. In the past, INPX has been able to significantly witness growth in market valuation following the type of trading activity that has been seen recently. Breakout watch over 0.142 on volume for a possible short-term target of 18c (Note: This is a penny stock, so play accordingly).

( click to enlarge )

Appliance Recycling Cntrs of Amer Inc (NASDAQ: ARCI) has been consolidating around 4.50 levels. We have seen strong accumulation during the consolidation phase, very positive sign. Watch for a potential breakout next week since volume is expected to increase under conditions showing light resistance. Daily technical indicators are looking bullish. MACD is lying above the Power Zone and RSI is about 54 so it's in the range of its support prices which could minimize the downside risk at these levels. Worth watching for a breakout above the 4.85 level.

( click to enlarge )

Zosano Pharma Corp (NASDAQ: ZSAN) broke and closed back above its hourly 50EMA on solid volume. The bulls will now try and regain control. Watch the stock next week since shares appears setup for an Increase.

( click to enlarge )

Roku (NASDAQ:ROKU) Big momo stock. Consolidating here, play the line it breaks on heavy volume.

( click to enlarge )

Baxter International Inc. (NYSE:BAX) Cleared this ascending triangle on volume. Setting up for higher prices.

( click to enlarge )

I alerted Microbot Medical Inc (NASDAQ:MBOT) to my twitter followers a few days ago before crowd when it was trading around the $5 level. The stock jumped 44% or $2.16 cents to 7.06 on Friday as the company announced that will demonstrate a working prototype of the Company’s Self-Cleaning Shunt (SCS™). I still holding a small position. Next major resistance lies at 7.5

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: ARCI, BAX, INPX, KNDI, MBOT, ROKU, SNAP, TWTR, ZSAN

08:37 | Permalink |

Good Setups to watch next week, including China names

( click to enlarge )

Uber (NYSE: UBER) has been on fire the past few days, and looks ready to make another upside move. The stock broke out of a consolidation range on Friday as the stock closed up $1.25 on the day. Friday’s high was $47.08 which is resistance for Monday’s continuation move. As long as the stock stay above 45.5 area, the bullish scenario is still intact.

( click to enlarge )

Inpixon (NASDAQ: INPX) is still in bottoming mode it looks like. The technical daily indicators are looking better for the stock. The daily MACD is starting to rise, confirming a bullish divergence has taken form. As I mentioned on twiiter, INPX has had days when it exploded out-of-the-gates and made tremendous gains. The FORM-S1 on Friday after-hours is confirming my feeling that we should get some news very soon for the company to sell shares at higher prices. As i said last week, most of people dont like this company due to its diluition history, but we are here to make great swing trades, not to make investments. Thats said, i stand with my long position waiting for a big pop. We know that past performance is not always a guarantee of future performance, but we could learn from how INPX has reacted in the past, so keep a close eye on it and don’t miss the trade.

( click to enlarge )

Arca Biopharma Inc (NASDAQ: ABIO) is showing signs of an upcoming breakout. Watch the flag formation closely. A move above $7.77 would constitute a strong technical entry for the short-term trader looking for a quick trade.

( click to enlarge )

I've been stating for days that the Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) is trying to bottom. The stock remains deeply undervalued based on fundamentals with nearly $2.5 per share in cash and equivalents and has lots of upside potential. If it breaks the 1.45 level, the momentum could move stock up to the $1.78 area where the 50-day EMA is located.

( click to enlarge )

JD Com Inc (NASDAQ: JD) is quickly approaching a breakout if the stock can manage to trade above $31. A strong volume move above that level, could set the stock up to retest its March highs.

( click to enlarge )

Yum China Holdings Inc (NYSE: YUMC) could be starting another rally as there is tremendous support in the stock and some serious buying coming in. The price has been in a bullish flag formation off its sharp rebound rally since the mid-May lows and it is now near the top of the sideways channel in the 46.5 area. A break through that top would lead to a next test of the 48. resistance zone. Among oscillators, the MACD is in buy mode and RSI is at 70 levels indicating strength in the current uptrend. If it breaks 46.6 the stock will absolutely fly into the 48's right away. Keep it on your watch list going forward.

( click to enlarge )

Bilibili Inc (NASDAQ: BILI) could be in the early stages of a technical breakout. Momentum indicators are showing bullish signals supported by rising MACD and RSI on the daily charts. Should breakout hard to upside when it crosses over $16.71 Keep it on your watch list going forward.

( click to enlarge )

Southwestern Energy Company (NYSE: SWN) was added to my watchlist as a possible bottom bounce-play. Nearest resistance for the stock is at $3.20. If this level is crossed and the stock is able to sustain above this level, then it might go to 3.50-3.61. Let's keep an eye on it as i think momentum will pick up. Stop 3.01

( click to enlarge )

AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) has had a rough time over the past sessions, but somebody bought a lot of shares on Friday before the close of the day. A breakout over 70c next week with strong volume would send this flying. I went long last week, I see $1 move coming.

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, AVEO, BILI, INPX, JD, SWN, TNXP, UBER, YUMC

18:15 | Permalink |

Chart setups on my watchlist for next week

( click to enlarge )

Palatin Technologies, Inc. (NYSEAMERICAN: PTN) definitely on watch for Monday trading session. The company announced today that the U.S. FDA has granted marketing approval of AMAG Pharmaceuticals, Inc.'s New Drug Application (NDA) for Vylees (bremelanotide injection), a melanocortin receptor agonist developed by Palatin indicated for the treatment of premenopausal women with acquired, generalized hypoactive sexual desire disorder (HSDD). The FDA's approval of the NDA triggers a $60 million milestone payment to Palatin under its North American license agreement with AMAG. From a technical standpoint, over 1.74 the "sky" is the limit. The stock closed in after-hours at 2.11 with a gain of 57%

( click to enlarge )

Overstock com Inc (NASDAQ: OSTK) saw its shares surged almost 16% to $11.57 per share Friday after CEO Patrick Byrne told CNN yesterday at the Fortune Brainstorm Finance conference in Montauk, N.Y. that interest for its retail business had picked up. "Two very attractive acquirers that I would have put high up on my list have shown up". Besides that, the break of the $10000 mark by Bitcoin could also fuel the continuation of this rally next week. Key resistance is now located at $12.09, a break above this level will confirm a new bullish trend and the following uptrend will take price up to $14 zone. The daily RSI is moving higher, which is a sign of growing strength in the stock.

( click to enlarge )

Arlo Technologies Inc (NYSE:ARLO) is gaining some momentum again. The stock has made a strong bounce off of the lows that were posted earlier this month with high volume and closed last week above the 50-day exponential moving average for the first time in months, which is a positive sign. The technical daily chart shows that MACD is rising in positive territory, while the RSI is also gaining strength. Next resistance is located at $4.8 while there is some nice support around $3.84

( click to enlarge )

Ameri Holdings Inc (NASDAQ: AMRH) this small blockchain play could also benefit from the strong Bitcoin move next week. If a proper breakout happens at 39c we can see a target of 60c (EMA200 is located at 64c)

( click to enlarge )

Inpixon (NASDAQ: INPX) has posted some impressive moves in the past after forming a base pattern. Stock looks to be bottoming, could see a nice squeeze higher from here. Most of people dont like this company due to its diluition history, but we are here to make another great swing trade not to make investments. Thats said, im long.

( click to enlarge )

Obalon Therapeutics Inc (NASDAQ: OBLN) is in the process of bottoming and i expect a pop above $1 at some point in the coming days/weeks, and the FORM-S1 on Friday after-hours just confirmed my feeling that some news are about to come very soon. Looking at the daily chart, the accumulation is still there and this, in my view, bodes well for the stock. I don't think it will be long before OBLN is trading much higher form here.

( click to enlarge )

Dropbox Inc (NASDAQ: DBX) had a very nice day on Friday, breaking out above the $24.65 level on heavy volume. As long as it can hold this level, it looks good for a run to 26.49

( click to enlarge )

Pieris Pharmaceuticals Inc (NASDAQ: PIRS) keeps going higher, next breakout level to watch is 4.68

( click to enlarge )

Workhorse Group Inc (NASDAQ: WKHS) bounced nicely off the rising 20-day EMA last week. The stock should test the recent highs and possible new highs in the weeks ahead.

( click to enlarge )

HEMISPHERX BIOP/SH NEW (NYSEAMERICAN: HEB) CEO acquired 29,404 shares on Friday. The puchasing of common stocks from insiders should give a boost to the disappointing peformance of HEB stock which went from $14.81 per share in April to 52 weeks low of $3.62 per share on Thursday. Im expecting a nice bounce next week.

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: AMRH, ARLO, DBX, INPX, OBLN, OSTK, PIRS, PTN, WKHS

14:35 | Permalink |

12 Technical Setups for the coming week

( click to enlarge )

In the past few days we have noticed that the stock price of Aphria Inc (NYSE: APHA) has been on a consistent bullish uptick in market valuation. Moreover, along with the market valuation the technical key daily indicators MACD, RSI and A/D have been bullish, rising for the past several days. Additionally, the stock past a key resistance level of 9.45. It is overbought but volume and money flow still building. So, keep watching APHA trade and watch for potential continuation of its recent upward move next week.

( click to enlarge )

I have Tilray Inc (NASDAQ: TLRY) on my watchlist. It may be ready to break out of this small consolidation. Bullish MACD cross on daily. Potential swing long above 84

( click to enlarge )

New Age Beverages Corp (NASDAQ: NBEV) Good pattern and accumulation, but I need to see further upside confirmation before adding a new long position. The good side of this stock technically is that MACD is still rising above the 0 line and RSI above its 50% level, so this stock is still bullish for now even if it is still consolidating. Keep an eye for a possible breakout over 7.62 next week to see further gains.

( click to enlarge )

Nio Inc (NYSE: NIO) displayed some impressive relative strength last week. A break of $8.3 with force might give the stock room to $10. MACD and A/D both signal positive strength and accumulation. The stock is trading above all major EMAs, also a bullish sign. A lot of eyes are on this stock right now, so make sure this is on your radar screens. Squeeze seems imminent.

( click to enlarge )

Onconova Therapeutics Inc (NASDAQ: ONTX) was another winner for my readers/twitter followers last week. The stock might face a period of sideways action here while it consolidates the gains booked in the last trading sessions.

( click to enlarge )

Naked Brand Group Ltd (NASDAQ: NAKD) has started to see some activity after a long period of hybernation. The stock broke the downtrend line last week and it gives a signal that the stock can move upward. Momentum indicators are also supporting the trend reversal. RSI is heading higher from oversold levels and MACD is showing signs of turning up finally. That could generate a lot of additional interest from other traders scanning for bottom plays that could be become solid gainers. Money flow into the stock has been very nice over the past trading sessions. NAKD Could be a BIG Runner, so watch it closely next week. If it breaks next pivot point at 93c can easily run to next target at 1.45 followed by 2.12. I entered long on Friday.

( click to enlarge )

Inpixon (NASDAQ: INPX) everybody knows that I'm a patient investor. This spec play is basing constructively above the $2 level. The real fireworks should begin if price can break above the $2.29 area. As long as the stock can remain above $2, I like the stock. The MACD line is starting to curl upward, which should eventually lead to price increases. Could be a high flyer on breakout. Keep on watch list. Note: The recent offering was oversubscribed at $3.33

( click to enlarge )

Ameri Holdings Inc (NASDAQ: AMRH) could be on the verge of making a strong move upwards. Stock closed 12.83% higher to 26c after basing over 1 month. Friday's rally was driven on higher-than-average-volume and positive money flow. MACD indicators are moving higher and on the verge of crossing the power zone. A break of 30c with force might give the stock room to 54c.

( click to enlarge )

Rewalk Robotics Ltd (NASDAQ: RWLK) was able to break through the 31c resistance level last week and sustained the move. I still holding my shares since 18c and will play the fill of the gap.

( click to enlarge )

VMware (NYSE: VMW) Keep an eye on this one, looks poised to break out and run higher.

( click to enlarge )

Infinera Corp. (NASDAQ: INFN) had a nice breakout with a pop of 76c to 5.16 or 17.27% on 7.5M shares, the biggest volume in a couple weeks. The heavy buying makes this an interesting situation and one worth watching on Monday. Nice gap here to fill.

( click to enlarge )

Axsome Therapeutics Inc (NASDAQ: AXSM) hit a new 52 week high and closed above resistance. As long as the stock stays above the $9 level it is still safe to hold on to your 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: AMRH, APHA, AXSM, INFN, INPX, NAKD, NBEV, NIO, ONTX, RWLK, TLRY, VMW

20:39 | Permalink |

Potential bounce next week ? Some great setups to watch

( click to enlarge )

Apple Inc. (NASDAQ:AAPL) printed an impressive bullish reversal candle on the daily chart yesterday after a decent rally into the close, but bulls failed to close above the 200-day EMA. If the stock can break Friday's high, I think we will rally back to the $165 level.

( click to enlarge )

BlackBerry Ltd (NYSE:BB) bounced sharply up again from its major support zone (uptrend line) on the daily time frame. The support zone mentioned above has shown that there was a buying pressure, which has pushed the price higher and once again the stock closed above the rising 100-day EMA. The recent history of this stock suggests that investors can reasonably look for a rally to new highs if the price regains the 100-day EMA and holds above it (yellow arrows). Plus, momentum indicators are curling up and the RSI will likely cross higher over the next few days. Will watch the stock closely next week.

( click to enlarge )

Alphabet Inc (NASDAQ:GOOG) also bounced strongly from its key support line around 990 Friday on volume, recouping some of the deep losses of the previous day. This zone of support has held price higher in the past, so we may see history repeat itself here. If it holds support at or above 1000 then initial upside objective is 1078, followed by 1115 next pivot zone.

( click to enlarge )

Riot Blockchain Inc (NASDAQ:RIOT) Coiling up here under its 20-day EMA. Looking for movements above 16.41.

( click to enlarge )

OvaScience Inc (NASDAQ:OVAS) looks bottomed on hourly/daily and poised for a big bounce. This stock has a history of big moves and is just now reversing off 91c all-time lows. Short-term momentum oscillators have rolled bullish with MACD giving a buy crossover. So,we can expect a bounce towards 1.35/1.52

( click to enlarge )

Congrats to those that took full advantage of my alert on Inpixon (NASDAQ:INPX) on Thursday afternoon at $3. There was nearly 70% potential gains delivered on the back of 7.2M shares traded. Real Goods Solar, Inc. (NASDAQ:RGSE) is also a small float stock that i like for big bounces. Looking at the chart above, the stock seems to have broken out of the falling wedge pattern with good volume, usually a very signal. The story of another big bounce is picking up steam and getting more attention again. Definitely on watch next week.

( click to enlarge )

Clean Diesel Technologies, Inc. (NASDAQ:CDTI) has a very interesting daily technical chart and could have a bigger move very soon. The break of the immediate resistance of 1.36 with heavy volume should be the next buy point. If it clears resistance the move may be powerful. Im long.

( click to enlarge )

Advanced Micro Devices, Inc. (NASDAQ:AMD) was also added to my watchlist as a possible bottom bounce-play. The hourly technical chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. On watch.

( click to enlarge )

Intel Corporation (NASDAQ:INTC) reversed the declines on Friday and closed back above the 20-hourly exponential moving average and momentum is increasing. Short-term bottom seems to have been confirmed as we had strong volume that spiked on the reversal. If it breaks this descending channel next week, it could resume the uptrend.

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: AAPL, AMD, BB, CDTI, GOOG, INPX, INTC, OVAS, RGSE, RIOT

15:59 | Permalink |

AC Investor Blog

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

Sunday, January 05, 2020

Hello 2020 !!! My First Blog Post of the Year. A Few Trading ideas for some Big, Mid and Small caps

Sunday, September 08, 2019

Trade Ideas for the coming week

Saturday, June 29, 2019

Good Setups to watch next week, including China names

Saturday, June 22, 2019

Chart setups on my watchlist for next week

Saturday, February 02, 2019

12 Technical Setups for the coming week

Saturday, February 10, 2018

Potential bounce next week ? Some great setups to watch

About Me

FREE NEWSLETTER

Support AC

Follow me

Advertising

PREVIOUS POSTS

TRANSLATOR

Site Information

Stock Market Blogroll

Friends BLOGROLL

ARCHIVES