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Sunday, February 28, 2021 

A few names on my TOP watchlist for the Week ahead

 

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GameStop (NASDAQ:GME) The stock gained more than 150% last week on strong volume accumulation and it has been in a bullish consolidation over the last two trading days after a big move on Wednesday that took it from the mid-40s to mid-180s. A successful break of this bull flag pattern on H4 could set the stage for stock to test the price region around 200. Technical indicators are looking bullish to me.

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In order to stage a bullish trend reversal, BlackBerry (NYSE:BB) needs to break and close above the 12. Short-term daily technical indicators are improving and the MACD on the H4 chart recently produced a new buy signal last week. If the stock can break Friday’s high of $10.82, we should see a strong follow through move. BB will move very quickly, so keep a very close eye on the stock next week. Stock has a strong support around the 9.69 area.

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LAIX Inc (NASDAQ:LAIX) I bought back my shares on Friday. From a technical standpoint, the stock closed the big gap made on February 5 as it gave up much of its gains from the past three weeks. Technical indicators are showing positive divergences. I'm betting on a reversal and a possible rise over $3.08 in the coming days.

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Janone Inc (NASDAQ:JAN) I have been accumulating this stock. The company announced last week that it has entered into a definitive agreement to sell its legacy recycling subsidiary, ARCA Recycling, to Virland Johnson, JanOne’s Chief Financial Officer, for an aggregate purchase price of approximately $25 million. The current market cap of the company is just $23M. This stock remains, in my view, undervalued, and based upon recent actions by the company, I think the price per share should head higher. I still think this is a $15 - $20 stock down the road. The way to make money in these markets is to find the undervalued stock before the market does.

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Aikido Pharma Inc  (NASDAQ:AIKI) was over $2.55 on February 16 and closed Friday at $1.19. The stock is back at the bottom area and could provide another great swing trade. I bought shares last week. A break and close above the 1.25 level next week could move the stock significantly higher.

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Ocugen Inc (NASDAQ:OCGN) Missed this one on Friday because I was too busy watching WSB stocks. 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 9.50 on a daily closing basis. Initial targets are 13.50 and 17

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I like this stock (NASDAQ:NVOS) for a nice rebound from Friday's $5.21 close. The stock has been finding support at its 100EMA on the 30m chart. We could be looking at the start of a sharp rally for this stock. It's down from $14.98 to $5 with not much of a bounce in between. I think a 25-40% gain or more lies ahead. 

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Lumos Pharma Inc (NASDAQ:LUMO) another small name that could see a big rally from current levels due to very oversold conditions. Plus, potential double bottom.

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Fisker Inc. (NASDAQ:FSR) The stock saw continued buying pressure on Friday. With this breakout move and future potential this stock should remain one to watch going forward. Buyable on any pullback to pivot.

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Townsquare Media Inc (NASDAQ:TSQ) is flagging nicely on the daily chart. Watch Monday's action for a possible breakout over $11.25

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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16:59 | |

Monday, January 20, 2020 

Here are a few trade ideas for this week

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Kirkland's, Inc. (NASDAQ:KIRK) after consolidating for several weeks broke upward on Friday hitting $1.63.  This could be the start of a rally to $2+ The daily technical indicators are suggesting bullish conditions. The RSI is about to enter its overbought zone. The daily MACD is above its signal line and barely positive. The bears appear to be fighting hard, but the bulls are slowly regaining control. Long setup on watch.

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Janone Inc (NASDAQ:JAN) broke the ascending triangle formation last week accompained by volume. I think the trend is up and Friday's pullback could be a good opportunity to get into the bullish trend. If this stock is not on your watch list, now would be a good time to add it. The technical indicators are looking bullish. The RSI has re-entered its bullish zone. The MACD is positive, and above its rising signal line. Long setup. This low float runs very fast.

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Novavax, Inc. (NASDAQ:NVAX) Good breakout on high volume last week. Buyable on a pullback to the pivot. Near-term trend has shifted to bullish with short-term EMAs crossing over the medium-term EMAs.

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Lattice Semiconductor Corp (NASDAQ:LSCC) a great trading session for this stock and from a technical standpoint this stock could continue to impress. Increased volume supports the bullish view for the stock. Add it to your watchlist next week for continuation. Any pullback should be considered an opportunity for entry into the stock, as estimates continue to rise. SL rising EMA100

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SAFE T GRP LTD/S (NASDAQ:SFET) looks poised for a break to the upside. The stock has been floating around this range for several trading sessions in a row and I think the stock could see a sharp move higher from here. This is one of those stocks that could rise $1 - $2 in a hurry if buying pressure comes in. This is a stock to watch going forward.

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CounterPath, Corp. (NASDAQ:CPAH) After a typical pullback the stock has found a nice support around the 2.30 level and might be reversing (bouncing). It might attempt to breakout above $3.15 level again next week and if it succeed we should expect another strong move to the upside.

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Hepion Pharmaceuticals Inc (NASDAQ:HEPA) Another one with a nice look. Go long on the break of Friday’s high at 5.9 using the rising EMA100 as SL.

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Pulmatrix Inc (NASDAQ:PULM) had a nice surge in price and volume last week. The stock has consolidated over the last couple of days in a bullish flag formation and appears ready for another breakout. The stock hit a high of $1.7 on Friday, which is the immediate resistance for next leg up.

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Nio Inc (NYSE:NIO) is bullish with a lot of technical indicators showing up. The slope of the recent upward move is steep accompanied by increasing volume. This momentum could push this stock much higher, so keep the stock on your radar next week. The stock is now testing the next resistance area around,4.85, wait for it to clear on heavy volume and go long.

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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16:39 | |

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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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