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Saturday, March 16, 2019 

12 Technical Charts To Watch Next Week

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IQIYI Inc (NASDAQ: IQ) has been in a consolidation over the last three weeks forming a bullish flag pattern after a big surge in price and volume in February. The stock jumped 5% Friday and closed at 27.02, two cents above key the psychological price level of 27. If it holds this level on Monday this could be the start of new momentum that could move the stock toward the 29 area.

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Goldman Sachs Group Inc (NYSE: GS) has been trading in a sideways range between resistance at 202.5 and support at 189 for a few months. With MACD showing good upside potential and RSI on the rise the trend should resume to the upside. Long setup on watch. Buy set at 202.5

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Ability Inc (NASDAQ: ABIL) is a candidate to be traded in breakout mode. The daily technical indicators are looking better for the stock with MACD indicator above its sell signal line, the ADX value is increasing and RSI indicator moving up from the 50 level. It is one for the bottom pickers. Volume was on the light side, but once the stock breaks out we'll see an upturn in buying. Key resistance is now located at $2.05, a break above this level will confirm the bullish trend and the following uptrend will take price up to $2.8 zone.

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We are on the verge of a possible breakout in the shares of ShiftPixy Inc (NASDAQ: PIXY). The stock looks like it could be getting ready to go imho. PIXY is worth a close look.

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Leap Therapeutics Inc (NASDAQ: LPTX) needs to take out $2.46. The break of the resistance line with heavy volume should be the next buy point on LPTX. Technical chart shows bullish sign with %K line on top of %D line and MACD on top of signal line.

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Qutoutiao Inc (NASDAQ: QTT) made a strong run the last hour of the day, closing at highs. The $15.65 level is an obstacle for this stock. If it can break through, buy the stock and watch it take off using the rising EMA9 as a stop loss.

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Telaria Inc (NYSE: TLRA) 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 $6 on a close basis, the stock should move.

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Riot Blockchain Inc (NASDAQ: RIOT) above $3.99 could spark a nice short-squeeze. The stock had a nice surge a few days ago and has been in the process of consolidating. I think the stock has room to go higher. Watch the stock closely next week.

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Cellectar Biosciences Inc (NASDAQ: CLRB) Volume starts to pick up. Could make a huge move to the upside. Keep it on your watch list. A break of $2.50 with force might give CLRB room to $3

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Tetraphase Pharmaceuticals Inc (NASDAQ: TTPH) broke through resistance at $1.39 accompanied with high volume. We should be able to see some decent upside movement for the bulls here.

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Oragenics Inc (NYSEAMERICAN: OGEN) made big moves on volume in after hours trading Friday. The strength of current momentum could extend Monday and push the stock above the previous high set in Feb at 99c. If this breakout occurs we could see the stock trading in the $1.2-$1.35 area in the next couple of trading days. We should be able to see some decent upside movement for the bulls here. Long setup on watch.

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Nvidia (NASDAQ: NVDA) has a gap to fill over 170 on the daily chart should still be more upside left in this one. Long setup on watch.

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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Wednesday, September 12, 2018 

Stocks to Watch for September 13, 2018

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IQIYI Inc (NASDAQ: IQ) Missed this one today because I was too busy watching small caps. But this chart looks pretty good. I think current levels offer a great chance to play a rebound in shares. Long positions can be considered with a stop loss of 26 on daily closing basis. Initial targets are 30 and 32.4

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HUYA Inc - ADR (NYSE: HUYA) Keep a close eye on this one, looks ready to break this trend line to the upside. When it clears $28 on good volume, go long using the EMA9 as stop.

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China Advanced Constructn Mtrls Grp Inc (NASDAQ: CADC) Another China name with a good looking chart. Looks like a bottom formation here. A breakout over $4.2 with volume would send this flying. I went long today, I see $5.5 move coming. The MACD is curling in a very positive direction. This could be a good swing trade.

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Akers Biosciences Inc (NASDAQ: AKER) was one of the BIG winners today, as the stock closed up 21% on the day. If the stock can break today’s high of $32, we should see a continuation move targeting the 40c area.

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Onconova Therapeutics Inc (NASDAQ: ONTX) one of the best charts out there under $1 Broke downtrend line yesterday on volume. Plus, all key indicators are pointing up and the Accumulation indicator is also rising. Im Long

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Tilray Inc (NASDAQ: TLRY) This one is unstoppable. If you're long, use the rising hourly EMA20 as stop.

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InspireMD Inc (NYSEAMERICAN: NSPR) made a strong move to the upside and closed above the 25c key resistance zone accompanied with high volume. Based on the monster volume, I think we could see some nice follow through on Thursday. Use tight stops.

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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Saturday, August 04, 2018 

A few stocks to watch next week - I will be in vacations 3 weeks

Dearest Readers, 

First, I would like to thank you for your cooperation and support during these last few months, with a high increase of followers on Stocktwits and a great increase in the number of followers on twitter that has almost reached 29300 followers. Then, announce that in the next three weeks I will be on vacation and will not be back to update the blog until the 25 August. But before I leave you , I have placed some charts with potential ideas for next week. Thank you very much and Happy holidays.

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Apple Inc. (NASDAQ: AAPL) closed the week 8.91% higher than the previous week, boosted by the strong earnings report and has surpassed the $1 Trillion dollar mark. From a technical standpoint, the stock needs now to digest gains and work out the overbought condition with a correction or consolidation.

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IQIYI Inc (NASDAQ: IQ) Share price has declined recently and the selling pressure on Friday broke down the $30 support level, coming all the way down to $28.50. As i tweeted yesterday, the stock needs to regain this key level quickly to avoid another leg down towards $24 region. The bias remains to the downside.

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GoPro Inc (NASDAQ: GPRO) broke and closed above the key resistance level of $7 on Friday for the first time since December 2017. This breakout on heavy volume also confirmed the bullish reversal pattern that GPRO formed on the previous month. The measured move of this break points to a target of $8.5

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Xenetic Biosciences Inc (NASDAQ: XBIO) This is one of the best daily charts out there for a low floater. The bearish sentiment was reversed last week after a sucessful test of its major support zone at 2.71. Plus, the stock also broke the large falling wedge that formed since the recent peak at 8.95. Possibilities of an uptrend continuation are now be heightened. Breaking the recent high of 3.59 level will confirm this possibility. Once there is confirmation, the stock will then be able to reach out for its next resistance level of 5.2 and could even attempt to break for a higher resistance level of 6.39. Keep in mind, this is low float moves fast and could blow up on any volume. As i tweeted, im long and increased my position last week. Long setup on watch.

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We're seeing signs of a trend reversal for Kraft Heinz Co (NASDAQ: KHC). A high volume move through the 65 price level (Friday's high) would be buyable.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) continues to consolidate the recent momentum rally and above all short-term rising EMAs. Need to see how this one plays out but the pullback with declining volume is a good sign to work out the overbought conditions. If the correction continues could be a great buying opporturnity in the 17.5-17.8 level.

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AT&T Inc. (NYSE: T) could be flagging, watch for above average volume. May run higher. The overall outlook for the stock appears bullish. Only a close below $31.5 would negate the bullish outlook for the stock. A close above $32.34 would reinstate short-term bullish trend that could propel the stock to the next target zone of $34

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CorMedix Inc. (NYSEAMERICAN: CRMD) is forming a Pennant chart pattern on the daily timeframe with a drop in volume, signaling a break is coming soon. This formation is a known bullish continuation pattern that activates after the breakout. Keep it under radar.

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Energy Fuels Inc (NYSEAMERICAN: UUUU) Friday's price finally broke the bull flag pattern. Expect more highs next week.

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Trevena Inc (NASDAQ: TRVN) I alerted this one Friday on Twitter as a possible trend reversal and the stock did what it was supposed to do, closing up 13 cents or 10% on the day trading more than 2.47 Million of shares. The stock hit a high of $1.65, which is resistance for Monday’s move. If the stock can break through this level, I expect to see another upside move to $1.82 and better. A stop-loss should be placed at $1.35

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Helios and Matheson Analytics Inc (NASDAQ: HMNY) A serious case of study. In 20 years of trading i never see something like this. A drop from $600 (adjusting R/S) to 7c in just 3 months. I assume that at some point I also lost some money here, right now I just scalp trade but still think it is not worth the risk.The technicals dont matter here, the violence of the selloff is so strong, that we cant hold this stock more than few minutes. It has been a scary movie for thousand of long-term investors.

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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Sunday, June 17, 2018 

Hot stocks to watch next week and a few small caps to keep an eye on

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iQIYI, Inc (NASDAQ: IQ) remains one of the hottest stocks on the market right now. It has been in a nice uptrend for the last four weeks and it looks very strong with all major short-term EMAs going up. IQ is very overbought, so this means a possible correction is near and this may give us a chance to jump in on the stock when it moves lower. IQ is a stock to keep an eye on for awhile.

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HUYA Inc (NYSE: HUYA) is another IPO play overextended and vulnerable to a correction after a period of remarkable gains.

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Kadmon Holdings Inc (NYSE: KDMN) looks to be setting up for an upside move, as the stock has held up well the past few days. KDMN is in the top of a short-term trading range. Resistance is $3.96. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. On watch.

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TapImmune Inc. common stock (NASDAQ: TPIV) is very bullish with a lot of hot indicators showing up. The slope of the upward move is very steep accompanied by increasing volume. Breakout watch over 10.91

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After a big breakout on heavy volume Carver Bancorp Inc (NASDAQ: CARV) has pulled back to support near $5 and should set up for its next upside move. The stock will face short to medium term resistance at $6.2. Once this level is crossed with good volumes, the stock can go to $8. Im accumulating at current levels.

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Evofem Biosciences Inc (NASDAQ: EVFM) From a technical standpoint, there are some signs of a possible bounce here due to the oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $3.85 next week. Current price levels are a bargain compares to where this stock can trade going forward IMHO. Financial Institutions own a lot of shares (86% of float).

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I continue to watch VirnetX Holding Corporation (NYSEAMERICAN: VHC) because the volume is still large so it could potentially break out again at any moment. The resistance level for the stock is $3.6 ( 200-day exponential moving average ), but don’t be surprised to see some additional resistance at $3.8, which was the major support in March.

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Verastem Inc (NASDAQ: VSTM) broke out Friday and I am looking for a continuation move on Monday. Heavy volume came in as VSTM broke through its resistance level of $6.43. From the technical chart it looks like the stock is ready for another rally as %K line is on top of %D line indicating buy signal. Keep it on watch.

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This IPO play could start to heat up the next few weeks. The daily chart shows a stock that is looking to rally with $5.4 as the next logical price point. Tight stops should be used.

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Twitter Inc (NYSE: TWTR) posted a 52-week high on Friday but failed to close higher. I think the stock needs to digest the recent gains and work out the overbought condition with a correction or consolidation.

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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Sunday, June 03, 2018 

Top Trade ideas for next week

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Boxlight Corp (NASDAQ: BOXL) After breaking out above the downtrend line from the early May highs on volume well above the average the stock appears to have also successfully backtested this breakout zone on Friday. Technically, price should resume the uptrend next week. Considering the previous magnitude of the uptrend, a short-term target could be established at 9.68-10.25.

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Auris Medical Holding AG (NASDAQ: EARS) broke the downtrend channel on decent volume. Let's see if it will sustain. Still on my top watchlist for next week. A rally should reach at least the 1.58-1.65 area and could test the EMA50

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Kadmon Holdings Inc (NYSE: KDMN) is still in bottoming mode it looks like. The daily technical indicators are looking better now for the stock. The MACD is starting to rise, confirming a bullish divergence has taken form and the Stochastic also has a bullish crossover. The might attempt to breakout above the $3.78 level on Monday and if it succeed we should expect a strong move to the upside. It has the potential to make a big run next week, so keep a close eye on KDMN and don’t miss the trade.

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Investors continued buying up this stock, as it surged again on Friday this time to the tune of 12.49%. As i tweeted last week and based on the accumulation days this stock should hit the $30 level very soon.

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HUYA broke out and never stopped all day. There is a good chance the stock will continue to move up next week. Tight stops should be used.

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On Saturday, the company reported promising Data for Phase 1/2 Study of Varlilumab and Opdivo® at 2018 ASCO Annual Meeting. Based on the extreme oversold conditions and the good news, CLDX could see tomorrow an oversold/short-squeeze bounce. Levels to watch 84c and 1.05

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Himax Technologies, Inc. (NASDAQ: HIMX) had a nice breakout with a pop of 57c to 8.02 or 7.65% on 5.6 million shares. Technical daily chart shows a bullish sign as the stock is back on top of 100-day EMA with MACD rising and in positive territory. We should be able to see some decent upside movement for the bulls here.

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CohBar Inc (NASDAQ:CWBR) had good volume and a nice candlestick on Friday. Breakout watch over 7.6

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Natural Grocers by Vitamin Cottage Inc (NYSE: NGVC) is setting up nicely to break into new highs. Buy point would be on the day it blows through $11.36 on heavy volume.

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TESARO Inc (NASDAQ:TSRO) Rallied nicely Friday on volume. If it clears back over 52.2 (EMA50), may have some good upside.

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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About Me

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  • I'm a 45 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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