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Saturday, January 23, 2021

Twelve Stocks on my watchlist for the 4th week of the year

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GameStop (NYSE:GME) is on the watch list because I still enjoy watching it trade. As you know, I took a short position last week and increased on Friday because there are no fundamentals to support such a rally, and I'm almost sure that will end badly for a lot of newbie traders that are not aware of how the stock market works in euphoric times. Investors who buy on hype can be left holding the bag. GME remains a highly liquid, volatile stock that can be utilized to make quick profits. There is nothing wrong playing this stock, as there will be a firm bunch of believers buying into this hype, but be sure not to be holding this when the music stops, and the chart seems to be saying that the music is about to STOP. If you're new to trading, avoid this battle between giants where only you will lose, they know very well when to exit, you not. I'm currently losing on my short-trade, but this article is just to help you, because in the past I was also a victim of these schemes. The stock is very overpriced for the results it delivers. Please consider this a friendly message. Never believe the hype. Enjoy it, But never believe it. Just trade it and you’ll do just fine. From a technical standpoint, the stock is very overbought and overhyped. The stock will fall sooner than later. The RSI history speaks louder. Notice that everytime the RSI hits near 90 it drops. I would like to end this article saying that i know how to manage a losing trade, but most of you do not. Don't be greedy / play smart. Good luck all.

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BlackBerry (NYSE:BB) continues to perform incredibly well despite some market undercertainity. I'm still holding my long-term investment in the company. Discipline, knowledge and focus never hurt anyone. Looking for a possible run to $20.....When you see volume creeping in and a slow steady price rise the alarms should start to sound.

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Socket Mobile, Inc. (NASDAQ:SCKT) is quietly heading higher. We all know what can happen with this stock when it gets some momentum behind it. The stock broke the downtrend line from the October peak of $4.50, which sets the stage for additional gains. I do think $3.75 is a possibility short term. Add it to your watch list.

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AMC Entertainment Holdings Inc (NYSE:AMC) is a stock to add to your watch list. With over 268 million shares trading hands on Friday, the stock is sure to get some attention going forward. The last time AMC ran it hit $5 a share. History does tend to repeat itself. Long setup on watch.

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Novavax, Inc. (NASDAQ:NVAX) closed the Friday session strong right near the high of the day. I think this stock could see $150 next week. Last night after the market's close, the company announced that it has finalized an agreement with the Government of Canada to supply up to 76M doses of NVX-CoV2373, the company's recombinant protein-based COVID-19 vaccine. Canada has committed to purchase 52M doses of the vaccine with the option for up to an additional 24M doses. NVX-CoV2373 is currently in Phase 3 clinical development for the prevention of COVID-19. The company expects to supply NVX-CoV2373 to Canada beginning as early as the second quarter of 2021, following authorization by Canada's regulatory agency. Looking at the daily technical daily chart the near-term outlook is positive. Momentum indicators are starting to point up, which is a sign of growing strength in the stock and MACD is also giving a positive indication. NVAX will move quickly, so keep it on your screen on Monday.

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Greenpro Capital Corp (NASDAQ:GRNQ) had a promising day trying to regain some traction yesterday. I think this Bitcoin play could be setting itself up for another nice run short-term. Closed up 6.22% on solid volume in what may be the start of an explosive reversal. Could pop over 2.12 , definitely on watch next week.

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Sundial Growers Inc (NASDAQ:SNDL) looks to have bottomed and could post another strong move higher. I'd add this one to your watchlist again and keep a close eye on the volume. Increased buying pressure should push this stock up in a big way. My price target stays at $1

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Cardiff Oncology Inc (NASDAQ:CRDF) Possible double bottom pattern. I think this stock has found support around the $10.3-$11 range and looks poised to post a bounce from here. I could see a 20-30% possible bounce up to $16 a share if it can close abv $12.50

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Color Star Technology Co Ltd (NASDAQ:CSCW) closed back above its 200-day exponential moving average on Friday. This stock is under some impressive accumulation as of late. I think a burst to $1.02 is in the cards short term. A longer term buying scenario could see this stock trading at $1.43 or better.

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Kodak (NYSE:KODK) appears ready to embark on another trip over $10 a share. This time should be different and I would expect the stock to hold its gains.

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We’re keeping the momentum going. Congrats to those that took full advantage of my pick yesterday, Molecular Data Inc (NASDAQ:MKD). The stock closed up 72% on monstrous 134M shares traded. Watch the break of $1.69 next week for continuation to $1.95

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Enveric Biosciences Inc (NASDAQ:ENVB) this $3.94 stock is also looking to make a move higher off its recent bottom. This was a stock that was trading at over $15 a share a few days ago. A reasonable bounce target is $6

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: AMC, BB, CRDF, CSCW, ENVB, GME, GRNQ, KODK, MKD, NVAX, SNDL

16:44 | Permalink |

Saturday, January 16, 2021

Trade setups on my watchlist for the upcoming week

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Allied Healthcare Products Inc (NASDAQ:AHPI) this former pick of mine is gaining momentum again and could return to prior levels. As I have said previously, it is my opinion that this stock will trade to $10 and beyond. There is a lot to like about this stock. This company manufactures a variety of respiratory care devices, medical gas construction equipment, and emergency medical products for use in hospitals and home health care. The Company's medical gas equipment products include medical gas system construction products, medical gas system regulation devices, disposable oxygen and specialty gas cylinders, and portable suction equipment. Friday's volume was the highest since the start of the year, closing with a gain of 12%. Combining the recent price action with the spread of Covid again and the recent oxygen shortage in many areas around the globe, this stock could easily break the EMA200 AT 6.52 and run to next major resistance at $9.70 Keep in mind, this company only has 2.8M public shares float and institutions own more than 9.5% AHPI will move quickly, so keep it on your screen on Tuesday.

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Oxbridge Re Holdings Ltd (NASDAQ:OXBR) is gaining some serious momentum again. If volume can pick up I think this stock can break through resistance at $2.8 and re-test its recent highs around $3.50 This is a stock that went from these same levels to $9 a share. Could this be the start of a similar rally? We will soon find out.

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Astrotech Corporation (NASDAQ:ASTC) pulled back on low volume after approaching $2.65 on Thursday amid some market uncertainty. I used the pullback to build a slightly larger long position on the name. I think the current prices offer a great opportunity. Long setup on watch.

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Digital Ally, Inc. (NASDAQ:DGLY) Strong day in down market. Volume trending up while forming an ascending triangle formation. Trading above all key short-term major EMAs - looks to run higher.

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Cyren Ltd (NASDAQ:CYRN) started position, strong on weak tape. Stock broke through that critical 1.16 level Friday on solid volume. The recent uptrend is intact and signals further bullishness on this stock. The stock hit a high of $1.26, which is resistance for Tuesday’s move. If the stock can break through resistance, we should see a strong follow through move. Watch the stock closely next week.

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XL Fleet Corp (NYSE:XL) needs to hold support here to remain constructive for the short term or the dump will continue. If XL can reverse it would set up a nice base formation, but as noted, it needs to hold support first. On watch.

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Kaspien Holdings Inc (NASDAQ:KSPN) Setting up nicely for new highs. Thin name, but with a good looking chart. Breakout watch over $31.77

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Sorrento Therapeutics Inc (NASDAQ:SRNE) broke through a key resistance level on Friday accompanied with high volume, so keep an eye on it to see if Tuesday will confirm the intraday breakout.

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Keep an eye on Kodak (NYSE:KODK) and monitor its volume, MACD and RSI for any potential breakouts. I think this stock could start heading higher again and test recent highs. Watching 8.90 area for a range break.

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VirnetX Holding Corporation (NYSE:VHC) ended Friday's trading session at 5.69, advancing 12% with the stock attracting 20.5 million shares. The stock shows signs of bottoming out with the recent up move from its 4-month low. The stock has also moved back from the oversold zone and closed above all its EMAs. There is a high probability for a trend continuation in the next sessions, as the stock could test the next key resistance level in the 6.59 area. The trend indicator MACD has triggered a fresh buy signal as it curved upward and crossed above its signal line. Long setup on watch for continuation 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.

Labels: AHPI, ASTC, CYRN, DGLY, KODK, KSPN, OXBR, SRNE, VHC, XL

16:09 | Permalink |

Saturday, January 09, 2021

Several Trade Ideas for the upcoming week

Dearest readers,

What a great start to 2021 !!! I hope you have had a great trading week. Risk is a price you pay for opportunity and when you fail, don't forget to learn from your experience. Momentum trading is not for everyone, but it can often lead to impressive returns if handled properly. With patience and discipline, you can take much more from the stock market than you ever gave. Trading stocks is not easy for beginners or professionals, it is really very hard and requires a lot of attention and knowledge. If stock trading was easy, everyone would be doing it. You can be successful at the stock market, with patience, discipline and a good trade set-up. The key objective is to make money and not lose it. Let's start sharing more trade ideas for the upcoming week.

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The strong move in LM Funding America Inc (NASDAQ:LMFA) shares was something that I tweeted Friday as a potential big percentage mover after the company announces Filing of SPAC Registration Statement. If you were following my twitter account you would have gotten the tweet when the stock was trading around 90c. If you jumped in and booked your profits, congratulations. Looking at the daily time-frame chart if price breaks above $2.42 next week on a regular trading day, then we should probably see a significant move to the upside to test the June highs around $4.89 as I mentioned Friday. Any pullback to the pivot point of 1.75, should be considered a technical buy opportunity for another swing trade. The LMFA chart has a lot of upside potential, so watch it closely next week.

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Remember some of you might be long Borqs Technologies Inc (NASDAQ:BRQS) from my comments back on Dec 22. At the time I stated that the stock could be looking for another run to 1.50 If you bought, congrats you are doing well, currently it's trying to take out that resistance area. Patience always pays off.

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Qualigen Therapeutics Inc (NASDAQ:QLGN) has achieved a boost during Friday’s market as traders witnessed the oversold condition, driving shares up 2.83%. I would like to see a break over yesterday's high of 3.33 to indicate possible bounce is on deck. I feel that fundamentally, the stock looks attractive at least for the short term. I also would like to point out that insiders have been buying shares. Generally when insiders buy shares, especially in large amounts it is a sign that positive things are coming. Lets see if this one is my next APDN (+100% on Friday).

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Oriental Culture Holding Ltd (NASDAQ:OCG) closed strong yesterday under active bidding. The stock is on the verge of breaking out and it could happen very soon. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. If the price breaks above 5.48 next week, then we should probably see a significant move to the upside. This stock hit a record high recently well above $25 Watch the stock closely next week.

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SINTX Technologies Inc (NASDAQ:SINT) The stock has taken a strong support around the 1.55 area and reverted just after touching those lower levels last week also breaking out of a descending channel pattern on the daily chart. The closing of the stock seems attractive to the bulls, which are likely to continue in the coming session as well. Long setup on watch.

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DPW Holdings Inc (NYSEAMERICAN:DPW) is a stock I think deserves some watching over the coming sessions for a potential reversal. All key momentum indicators are in favor of an upward price movement. DPW will move quickly, so keep it on your screen next week.

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Sundial Growers Inc (NASDAQ:SNDL) As I have been mentioned in a few tweets over the past couple of days, I keep holding my long position in SNDL waiting for something BIG. At 68c this looks a lot like JAGX in the last trading week of 2020 trading crazy volumes before the big move and it has the potential to pull a similar move. Let's see if I know what I am talking about. NOTE: Penny stocks are risky but if you know what you are doing and exercise caution when necessary you stand to gain large returns on relatively small investments, so play accordingly.

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Tesla, Inc. (NASDAQ:TSLA) I took a short position on Tesla, against the grain and as usual I was victim of several insults from people that dont know how the market works. Look what happens every time the RSI indicator hits extreme overbought levels. The stock always pulls back to the rising EMA50 now located at 603. Regular price pullbacks are very healthy and an important part of the move to the upside. As I said yesterday I'm a long-term Bull, but a short-term Bear. It's what it's. As a daytrader I use these indicators trying to anticipate a trend before it becomes one. History is a key factor on the assessment on the stock market. The more the stock rises without a pullback, the more it attracts investors as the greed response takes hold. For now I have to be skeptical and the possibility of a big pullback to its EMA500 at $600 is very real here. Never forget what Warren Buffet says, pessimism is your friend in the stock market, euphoria is your enemy. The more euphoria the more panic will result.

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Kodak (NYSE:KODK) From a technical standpoint the stock looks poised for a possible trend reversal, after dropping to the $8 level forming a potential bottom pattern. This, along with oversold readings, could lead to the start of a short-covering rally. Significant jump above 8.85 can take the stock northwards to 10.30 or even to 12.5

A BIG THANK YOU TO ALL OF YOU: I just crossed 85000 followers on Twitter and reached 101000 followers on Stocktwits. The numbers of followers have grown tremendously over the past weeks. I'm especially grateful for your attention and interest. That's really nice and humbling to witness. Thank you so much everyone.

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.

Labels: BRQS, DPW, KODK, LMFA, OCG, QLGN, SINT, SNDL, TSLA

20:04 | Permalink |

Saturday, September 26, 2020

Small caps have been on everybody's radar last week, my watchlist for the week ahead

Dearest Readers,

I would like to thank you once again 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 75,000 followers. As some of you may have noticed, last month I hit 96,000 followers on Stocktwits which was a huge achievement for me. A BIG THANK YOU to all of you.

I will also take this opportunity to inform you that my Twitter profile has been cloned over the past weeks/months by imposters that duplicated exactly all my tweets, images and purchasing followers to be popular in the eyes of newbie investors. These scam artists are trying to use my name and send people messages to sell products.

Please be aware:

- I just have 1 Official Twitter account @ACInvestorBlog currently with 74k followers and more than 124k tweets following just 294 people.

- 1 email account antonio.mrcosta at gmail com

- 1 blog and 1 verified Stocktwits account with more than 96k followers.

Everything that you find on the internet that does not match these metrics are not mine and please report to Twitter. Together we can win this fight or minimize their strength. Thanks all so much….i continue to receive a lot of emails everyday, sorry for the delay of reply, i'm doing my best but I don't have time to answer everybody's questions about trading or anything else.

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Urban One Inc Class A (NASDAQ:UONE) was a stock I alerted my followers at 3.80, closed yesterday with a gain of 71.28 per cent largely driven by the Trump news in the final hour. I'm still holding the stock for next week. A short term target of $10 is not out of the question considering volume and price action on Friday. From a technical standpoint, the stock printed a strong bullish reversal successfully breaking several resistances lines and closed back above the 200-day EMA for the first time since August, which is a strong bullish signal. Considering the strong volatility of the stock due to its low float, it is necessary to act with a precise timing.

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Professional Diversity Network, Inc. (NASDAQ:IPDN) was another stock that reacted very well to Trump news that deserves your attention going forward. With some buying volume this stock could soar just like UONE. The stock broke a large falling wedge pattern on the 4h time frame on Friday, and after a few attempts. These lotto plays are the riskiest plays, but also can be the most lucrative. As you can see on the chart, next major resistance lies at 1.78 followed by the 2.20 area. IPDN will move quickly, so keep it on your screen on Monday.

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SilverSun Technologies Inc common stock (NASDAQ:SSNT) is a stock that is still flying under the radar of so many traders. I think right now SSNT is forming a solid base for a substantial move while MACD is crossing up. Small caps are getting explosive, and I don't think it will be any different with this one. If the stock holds above $2.40, the price may rise to the 3-3.2 range again in the short-term.

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Sunesis Pharmaceuticals, Inc.(NASDAQ:SNSS) looks poised to breakout these next few weeks as attention appears to be returning to the stock via price gains, volume, and press releases. Orphan Drug designation received yesterday. It rallied 16% and looks to continue its winning ways on Monday.

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Genius Brands International Inc (NASDAQ:GNUS) volume was sharp on Friday and we could be looking at the beginning of another big rally. I think this stock will get more attention as the volume and money flow increase. As I always say, follow the money and the money looks to be flowing into this one. With continued buying pressure I am looking for this stock to hit and pass its exp 100-day moving average. Long setup.

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Arca Biopharma Inc (NASDAQ:ABIO) I suggest you keep this stock on your radar. At some point I think it will post another impressive rally. One positive sign comes from insider transactions as company Chairman of the board bought a total of 18,000 shares last week. Generally, when insiders buy shares, especially in large amounts it is a sign that positive things are coming. If it can keep going up and break the resistance at $4.68 this could further confirm a new uptrend. On watch.

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I continue to watch DPW Holdings Inc (NYSEAMERICAN:DPW) The volume is still large so the stock could potentially break out again at any moment. I think this stock will get more attention as the volume and money flow increase. Go long on the break of Friday’s high.

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Vislink Technologies Inc (NASDAQ:VISL) Another potential bounce play. The technical indicators are showing some signs of an upward reversal. A rally above the 20EMA on volume can push the stock higher to 1.69 and 2 in the short-term.

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Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) it's just a matter of time. I'm buying while it's cheap, and just holding. Shipper season around the corner and positive divergences on daily charts supporting also a big bounce ahead. Hudson Bay Capital Management LP added 585,000 shares last month. Huge gap over 55c.

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Digital Ally, Inc. (NASDAQ:DGLY) This stock broke out last week the large falling wedge pattern on volume and is in buy range. I think the stock should resume the upside during the week ahead.

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I've been following Kodak (NYSE:KODK) for a few days now and surprisingly the stock showed a lot of strength Friday. Any close above the 9.69 with force might give room to $11 (gap zone). Possible reversal pattern forming.

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.

Labels: ABIO, DGLY, DPW, IPDN, KODK, SHIP, SNSS, SSNT, UONE, VISL

17:28 | Permalink |

Saturday, September 19, 2020

Swing Trading Setups to Watch Next Week

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I think Happiness Biotech Group Ltd (NASDAQ:HAPP) has found support around the $1.90-$2.05 range and looks poised to post a bounce from here. I could see a 25-35% possible bounce up to $2.6 - $2.8 a share if we can get past the resistance point at 2.19 There are several daily technical indications I see which suggest a bottom, including large positive divergences on MACD and ADX on daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at $2.6, at the very least. Keep it on your watch list going forward. Could be a high flyer on breakout. NOTE: On June 5, the Company successfully obtained the CE certification for COVID-19 anti-body testing kits. The company provides disinfectants, non-medical face masks, and COVID-19 anti-body testing kits.

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Kandi Technologies Group Inc (NASDAQ:KNDI) price had a nice surge a few weeks ago and has been in a correction mode since then, finding a strong around the $6 level. The stock is now displaying upside momentum again and is poised to move higher from these levels. Nearest resistance for the stock is at $6.73. If this level is crossed and the stock is able to sustain above this level, then it might go to $10. From a technical standpoint, the MACD is slowly turning up forming a buy signal and RSI is also showing signs of reversal. With Tesla battery day coming up, this stock must be on your radar next week.

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Remark Holdings Inc (NASDAQ:MARK) showed buying strength all day on Friday. We are finally starting to see some signals of rebound as the daily technical chart shows positive momentum is back. If stock breaks 1.38 then the stock can head to 1.98 and if this level is breached then the level of 2.5 is visible. I think it's worth adding to your watchlist.

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Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) looks like a bottom formation here. A breakout over 56c with strong volume would send this flying. I went long on Friday following Reuters news "Baltic index posts weekly gain on robust capesize rates". I see a 70c move coming.

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Onconova Therapeutics Inc (NASDAQ:ONTX) made an awesome move breaking out of a major resistance line with volume backed confirmation on Friday. Should breakout hard to upside when it crosses over 40c Definitely on watch next week.

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Pacific Ethanol Inc (NASDAQ:PEIX) Continues to act strong setting new highs. Pullbacks to the rising 9EMA (yellow line) are buying opportunities. The upside is favored as long as this line holds.

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News Corp Class A (NASDAQ:NWSA) broke out to new highs on high volume. The uptrend remains intact and signals further bullishness on this stock. Technical indicators are bullish.

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Bio-Path Holdings Inc (NASDAQ:BPTH) saw its shares surged almost 4.5% to $4.44 per share on decent volume Friday after received a Notice of Allowance for its US patent application 16/426,798 titled "P-ETHOXY NUCLEIC ACIDS FOR LIPOSOMAL FORMULATION. On the daily chart, the stock has a strong resistance around $5.65, and a break above it should lead to a continued advance up to 7, the next strong resistance level. I like the stock at current levels.

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Retractable Technologies, Inc. (NYSEAMERICAN:RVP) appears to have successfully reversed its downtrend. The stock has some noticeable indicators suggesting that it is ready to make a move. Buyable on any pullback to pivot. Long setup.

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Genius Brands International Inc (NASDAQ:GNUS) is another stock I am watching closely. If it clears resistance at $1.41 (EMA200), the move may be powerful. The trend indicator MACD has triggered a new buy signal and also the RSI is on the positive side again. GNUS will move quickly, so keep it on your screen next week.

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Spartan Energy Acquisition Ord Shs Class A (NYSE:SPAQ) has been stuck in a range between $16 and $18 for much the last five sessions (healthy consolidation), waiting for some news to support the next movement on either way. Anyway, a short/medium-term bullish bias is favoured as long as the key support around 15.45 holds.

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Kodak (NYSE:KODK) had another big pop yesterday and the stock price finally closed above the $12 resistance level. Go long on the break of Friday’s high at 12.51 with a SL 10.82 Strong bullish volume on chart.

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.

Labels: BPTH, GNUS, HAPP, KNDI, KODK, MARK, ONTX, PEIX, RVP, SHIP, SPAQ

18:49 | Permalink |

AC Investor Blog

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

Saturday, January 23, 2021

Twelve Stocks on my watchlist for the 4th week of the year

Saturday, January 16, 2021

Trade setups on my watchlist for the upcoming week

Saturday, January 09, 2021

Several Trade Ideas for the upcoming week

Saturday, September 26, 2020

Small caps have been on everybody's radar last week, my watchlist for the week ahead

Saturday, September 19, 2020

Swing Trading Setups to Watch Next Week

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