AC Investor Blog

Ten symbols with interesting patterns to trade next week

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PVH (NYSE:PVH) is a candidate to be traded in breakout mode. The technical indicators are looking better for the stock with MACD indicator above its sell signal line, %K line on top of %D line and RSI indicator moving up from the 50 level. Keep an eye for a possible breakout over $110.89

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We are on the verge of a possible trend reversal trade setup in the shares of Macy's (NYSE:M) after a healthy consolidation. The stock looks like it could be getting ready to go! Good technical and decent fundamentals here. The stock is worth a close look.

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My new big pick is Odonate Therapeutics Inc (NASDAQ: ODT). The stock made an awesome move yesterday breaking out of a major resistance line with volume backed confirmation. I went long at $3.85 as it's quite possible we should see a short term move near $4.97/share. The technical chart shows a bullish sign with %K line on top of %D line and MACD rising. Yesterday’s action in the share price leads me to believe that we may see a reversal trend at this level. To sustain this point of view, stock needs to sustain actual level in the days to come, so stay tuned to her. Mega Gap to fill here.

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Pyxis Tankers Inc (NASDAQ:PXS) is one for the bottom pickers. Upside volume is picking up and a rounding bottom is taking shape. I have been following and accumulating this stock for a few days now. The trend should resume back up in the very near future. I could be wrong, but I did not find a reason for the drop in shares as it did. It was likely a consequence of the negative market environment in the small cap index. Consider shares to be at a bit of a discount if my speculation is correct. And honestly I have a lot of confidence regarding this.

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aTyr Pharma Inc (NASDAQ:LIFE) is beginning to make a move higher. Yesterday's fight toward the 20-EMA could represent the start of a larger trend change. Key resistance is located at $4.68, a break above this level will confirm the bullish trend and the following uptrend will take the price up to the $5.5 zone

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A move on Fubotv Inc (NYSE:FUBO) above $26.2 could spark a nice short-squeeze next week. Looking at the technical daily chart there are several indications I see which suggest a potential bottom formation, including large positive divergences on MACD in daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at $33.3-34.72, at the very least. Until that happens, traders will want to be on high-alert to the possibility of a bullish reversal. Long setup on watch.

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Building a nice falling wedge, holding above EMA100. A move on Wisekey International Holding AG (NASDAQ:WKEY) above $12 could spark a nice short-squeeze. The stock will move very quickly, so watch the stock very closely over the next few trading sessions.

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I'm watching ATA Creativity Global (NASDAQ:AACG) again as the stock looks to be setting up for a big upside move in line with the other EDU China stocks. Potential upside of 60% exists for the stock, based on a current level of $4.06 and analysts' average consensus price target of $6.50. The stock should find initial resistance at $4.14 and further resistance at its 20-day EMA of $4.32

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Greenpro Capital Corp (NASDAQ:GRNQ) With Bitcoin making new highs, this stock should be in your watchlist on Monday. A break above 3.18 will impart bullishness and will help the stock move to the short-term target zone of the 3.75-4.1 range.

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Riot Blockchain Inc (NASDAQ:RIOT) Love this triangle formation on 4h chart. Needs to break out either side to see significant moves.

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: AACG, FUBO, GRNQ, LIFE, M, ODT, PVH, PXS, RIOT, WKEY

14:58 | Permalink |

Potential trend reversals for opening Long trades next week

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BlackBerry (NYSE:BB) is a stock I wrote about recently as one to watch for a potential reversal as one that has been on my bottom scan. Friday that reversal came to fruition to the tune of an 10.75% gain for the stock. Momentum indicators are looking bullish, with MACD crossing abv the signal line and the RSI breaching 50 and presently lies at 54.76. Watch for continuation next week.

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aTyr Pharma Inc (NASDAQ:LIFE) is on the verge of really blowing up. I would not be surprised to see the stock test the $6 level at some point over the next few days. The daily technical chart sure shows a possible reversal in trend coming. Watch Monday's action for a possible breakout over $5.09. The technical indicators such as KD and MACD also show buy signals as the%K line has just crossed on top over %D line and MACD is turning up. The short-term trend is positive as the stock is trading upwards along with short-term EMAs. A break above immediate 5.09 resistance will confirm the bullish trend and the following uptrend will take price up to 6 zone initially.

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CLPS Inc (NASDAQ:CLPS) gave us a nice move on Friday, which could be the start of a bullish reversal and a short-term bottom. The technical indicators on H4 are looking better for the stock with the MACD indicator above its sell signal line and RSI indicator moving up from the 50% level. Friday Chairman's Letter to the Company's Shareholders is very bullish. The stock was trading at $19.50 in Feb and closed on Friday at $5.47. I think it could see a sharp reversal in the next few sessions. I took a big position.

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Neptune Wellness Solutions Inc (NASDAQ:NEPT) is screaming for a bounce opportunity and I think we can see some nice moves in the coming week. Go long on the break of Friday’s high. Daily technical indicators are in bearish zones but are beginning to show some signs of turning around. MACD and RSI are showing positive divergences by not falling to new lows. Keep it on your watch list. A break of $1.72 with force might give the stock room to $2

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BSQUARE Corporation (NASDAQ:BSQR) continues to garner some attention and the stock could explode to the upside in a new rally. I'd look to the $4.97 level moving as the next buy point. If it passes that, then we have room to run to next resistance at $6.75. On the momentum front, I'm seeing some positive divergences in several indicators, such as MACD and RSI on H4

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Some serious upside volume coming into Bit Digital Inc (NASDAQ:BTBT) over the last few days. Looks like it is getting ready for a big breakout soon. A high volume move through the 18.86 price level would be buyable. Stay tuned.

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FSD Pharma Inc (NASDAQ:HUGE) As you can see in the daily technical chart above, it looks like the stock is ready to continue its recent run higher. The bottom is rounding and technical indicators are beginning to turn positive again. Breakout watch over 2.09

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: BB, BSQR, BTBT, CLPS, HUGE, LIFE, NEPT

20:48 | Permalink |

Several small, mid and big cap stock charts for the coming week

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TrovaGene Inc (NASDAQ:TROV) surged 46c, or 28.22%, Friday on higher-than-average volume and finished at its highest close in more than four weeks. It closed at 2.09, substantially above key resistance at 1.79, confirming the breakout. The close was also near the high of the day, another good sign and indication of possible continuation of current momentum. Please note, the company announced last week that new clinical data from its Phase 2 trial of onvansertib, in combination with Zytiga® (abiraterone acetate)/prednisone, in metastatic Castration-Resistant Prostate Cancer (mCRPC), will be presented as an oral poster at the 20th Asia-Pacific Prostate Cancer Conference, which will be held August 23-26 in Melbourne, Australia. Lets see if we can see a rally like in March. Technically, the stock is now in Breakout mode.

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vTv Therapeutics Inc (NASDAQ: VTVT) has found support around the $1.23-$1.25 range again and looks poised to post a bounce from here. We could see a 20-30% possible bounce up to $1.95 - $2.25 a share if it can cross the resistance at $1.41 in the coming week. The recent insider buying of 1.2 million shares at $1.65 per share is also another positive indication that the insider are now bullish about the company.

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Stamps (NASDAQ: STMP) this is a stock that is still flying under the radar of so many traders and has been performing nicely recently. It needs to take out 64.16 (EMA100) next week in order to convince more bullish buyers at these levels.

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Celldex Therapeutics, Inc (NASDAQ: CLDX) After a strong decline since February highs, the stock is forming a base and on lower time frame it has started to form higher high and higher low which is a very positive sign. It might attempt to breakout above $2.3 level again next week and if it succeed we should expect a strong move to the upside.

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Air Products (NYSE: APD) Looking at the daily chart, the stock seems to be forming a Flag Pattern. It may gain the momentum once it manages to break 232.47 levels. Long setup on watch.

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Pfizer (NYSE: PFE) After the recent "crash" from the highs of 44.15 to 33.97, this stock appears to have hit a bottom around 34 as it is more or less trading flat for last three trading sessions. Hence, on a bounce back, the stock can easily test its declining 13-day EMA on the way upside. Swing traders can create fresh longs with a stop below 33.97 on closing basis for a short-term target of 36.5

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Microsoft (NASDAQ: MSFT) The recent correction from the highs of 141.2 brought it down towards its critical support of 132.5 levels (uptrend line) from where it rightly bounced back in Thursday’s session. Sustaining above this key support level, on a pullback, this stock can be expected to test its 140 level again next week or even making new highs. Long setup on watch.

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Obalon Therapeutics Inc (NASDAQ:OBLN) just hit its all time low while MACD Hist is displaying a positive divergence and looks to be starting what I think will be an impressive run off its bottom. Is this the short-term bottom? That is the risk, it could fall further, but I think we see a PSTV type move off these lows.

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Guardion Health Sciences Inc (NASDAQ: GHSI) some of you may recall many of my recent bottom calls, the best being RKDA at $2.5 it hit $9.15 a share. I think GHSI will have a relief rally after its dramatic fall. The stock has held its current range on the hourly chart meaning we could be seeing at least a temporary bottom. I wouldn't be surprised if this stock popped 20-25% in one session soon. We have a nice gap to fill. Note: Company Closed $5.8 Million Underwritten Public Offering on 15th August.

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FuelCell Energy Inc (NASDAQ: FCEL) volume is starting to come back and with it some positive price movement. With the continued growth in interest, the stock should see 45c and better short term.

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aTyr Pharma Inc (NASDAQ: LIFE) is a stock that is still flying under the radar of so many traders. I think right now LIFE is forming a solid base for a substantial move higher. Company has a strong cash position and good pipeline.

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Capricor Therapeutics Inc (NASDAQ:CAPR) suggest you keep this stock on your radar next week. At some point I think it will post an impressive rally. Chart speaks for itself.

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: APD, CAPR, CLDX, FCEL, GHSI, LIFE, MSFT, OBLN, PFE, STMP, TROV, VTVT

11:02 | Permalink |

Technical chart setups to follow next week

Dearest Readers/followers :)

I'm back from vacations and ready to start sharing more free trade ideas using different time frames. Im thinking in start blogging again on a daily basis starting in September, but i need to garanteee first, time for my family. As you know, i grew fast on social media, so it's not easy to manage the time to be able to reply everbody in real-time. Many people dont understand this fact, but as always, i will try to do my best.

Small-capitalization stocks continue to provide great trade opportunities, so i will be playing here as long as the momentum is in our favor (Please note: i dont trade OTC stocks). As you know, small-cap stocks generally provide the best returns for day traders, but we need to be aware of the risks. There could be liquidity problems if someone is trying to take a big position in a small stock, so if your account is small, please diversify in order to avoid been stuck in just one stock and use tight stops. Small cap companies can be a good opportunity because of the cheap share price, but we need to have rules to trade them.

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Grupo Financiero Galicia (NASDAQ:GGAL) is testing again the top of the sideways channel that it has been in for the past month. This channel has been a consolidation of the huge rebound it had in late June. Keep an eye out for a break of 39.22

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Cemtrex Inc (NASDAQ: CETX) this remains a low floater stock to watch. The volume is starting to come back and with it some positive price movement. The real fireworks should begin if price can break/close above the $1.75 area. CETX was a stock that ran from these current prices to over $4.5 a share not long ago. Could it happen again? We will soon find out. The daily MACD line is starting to curl upward, which should eventually lead to price increases. Company announced recently that has a backlog of $50M. If you don't have this stock on your watchlist, now is the time to add it.

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McDonald's (NYSE: MCD) hit a new high on Friday and continues to draw interest. I would keep a close eye on this stock going forward, buyable on any pullback to pivot.

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Celldex Therapeutics, Inc. (NASDAQ: CLDX) This $2 stock is one of the most undervalued small bio cap stocks out there IMHO with nearly $6 per share in cash, and I believe down the road it could be trading better than $2 a share. The stock price is showing signs of a bounce and next level of resistance according to this daily technical chart above is at 2.25. The Daily MACD is also showing a bullish cross, indicating that this push higher may be the start of something much bigger to come. You need to watch this closely because it could break resistance.

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The strong move in Arcadia Biosciences Inc (NASDAQ: RKDA) shares was something that I tweeted Friday in pre-market before the crowd as a potential 100% mover. If you were following my twitter account you would have gotten the tweet when the stock was trading around 2.75 If you jumped in and booked your profits, congratulations. I sold all my old position, however it seems that we could see more gains going forward. Next major resistance is located at 4.99 (EMA200), which is a big area that the stock needs to break.

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Jaguar Health Inc (NASDAQ: JAGX) This $1.56 stock was trading over $17 (RS effect) a share less than two months ago. I think a "dead cat" bounce is in the cards. This isn't a stock you want to be holding onto too long, but the chart itself is looks ready for a reversal. There could be a decent rally for these shares, if they do indeed bounce. From a technical standpoint, MACD is displaying a positive divergence while ADX is starting to turn higher and has crossed above 20 to signal the start of a new trend. Im long.

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Rewalk Robotics Ltd (NASDAQ: RWLK) I initiated a long position on Friday. Notice how the daily MACD is starting to curl up (positive divergence), the grey histogram bars are starting to turn back to zero, showing that the recent downtrend is changing in the opposite direction. Plus, the stock has reached a major support level, where it bottomed out several timers before.

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aTyr Pharma Inc (NASDAQ: LIFE) is a stock I think deserves some watching over the coming sessions for a potential short-term reversal. The stock at $3.11 is a few ticks off its all-time low. I think it will at least get a dead cat type bounce, if not something slightly more sustainable. With nearly $12 per share in cash, and a Bullish MACD crossover on daily chart a big bounce is more than likely at current levels. Im long.

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T2 Biosystems Inc (NASDAQ: TTOO) ended Friday's trading session at 94c, advancing 30% with the stock attracting 4.1 million shares. The stock shows signs of bottoming out with the recent up move from its 52-week low. The stock has also moved back from oversold zone and closed above its 9EMA for the first time since mid-July. 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 1.07 area.

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Realogy Holdings Corp (NYSE: RLGY) posted a very strong bullish reversal candle on high volume and could signal a reversal of the price decline. Watch for continuation. Next pivot point lies at 6.22

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: CETX, CLDX, GGAL, JAGX, LIFE, MCD, RKDA, RLGY, RWLK, TTOO

15:42 | Permalink |

Friday July 5th watchlist

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Nio Inc (NYSE: NIO) what a rally for this stock on Wednesday. Also significant was that the stock closed above a key resistance point of $3. The stock hit a high of $3.26, which is now resistance for Friday's continuation. Daily technical indicators are supporting the bulls. The MACD is rising and RSI is moving up above its 50 level. Keep this stock on watch.

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TOUGHBUILT INDU/SH (NASDAQ: TBLT) volume was sharp on Wednesday and we could be looking at the beginning of a new uptrend. Let's see what Friday brings. Pennymania is back, and FCEL was a good example in the last 3 sessions.

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Blackberry (NYSE: BB) Bottom Seems to Be Reached. Watch the break of 7.55 on Friday to start a big bounce.

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Biopharmx Corp (NYSEAMERICAN: BPMX) looks to have bottomed out, as a big buyer stepped in at the end of the session to close the stock a few ticks higher then session lows. Volume and price have dropped recently, but I think the cheaper prices will bring more buyers into this stock.

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Precipio Inc (NASDAQ: PRPO) This stock has one of best setups out there. Big pop on volume to break the channel, then a pullback on low volume, usually the entry point. Trading volume is drying up, which isn't good for short sellers. Still holding a strong position. I suggest you keep this stock on your radar. At some point I think it will post another impressive rally.

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aTyr Pharma Inc (NASDAQ: LIFE) patent news out late in the session brought buyers. After falling from $10 to sub $5, investors are slowly starting to recognize the potential and the cash position of this stock. I feel a rally to $6.5 and better is in the cards short term.

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Hemispherx BioPharma, Inc (NYSEAMERICAN: HEB) this $4 stock looks primed for a run, and sits near its 52 week low. Insiders are buying shares at fast pace in motnhs. This alone should bolster the price per share. I would like to take this opportunity to share ARTICLE

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Ameri Holdings Inc (NASDAQ: AMRH) with each passing day I feel more positive about this stock. I see this stock trading well over 62c in the near future. I have a habit of seeing these big gains before anyone else, and I don't think it will be any different this time around. Penny mania is back !!!

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, BB, BPMX, HEB, LIFE, NIO, PRPO, TBLR

20:47 | Permalink |

Here are a few stocks to watch next week

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The stock continues to sit in a consolidation range. At some point, India Globalization Capital, Inc. (NYSEAMERICAN: IGC) will breakout and I want to be there for this move. There is strong resistance around $2.35 and if the stock stock can break through this level, there is a strong chance IGC can run back to the $2.6-3 range. On the downside, a break below $1.85 would be your first sign of weakness which could lead to bigger problems. So it should be used as your mental stop loss.

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aTyr Pharma Inc )NASDAQ: LIFE) broke the downtrend line that it established since June 2018 and traded nearly 3x normal daily volume. The has been under a buying pressure in the last few days, and overall the stock still looks healthy. The technical indicators look good at this stage, as seen in the chart above. The RSI indicator sloping up and crossing the 50 mark and MACD rising above zero line, which is bullish.I expect the shares to test prior highs in the $68c area in the coming days. There is a big event coming up soon. I have been accumulating this stock, not only because the event but also due to its strong cash position (As of September 30, 2018, aTyr had $56.0 million in cash). Watch the stock closely next week. Note: Earnings March 25th

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Tanzanian Royalty Exploration Corp (NYSEAMERICAN: TRX) broke out on Friday and made a new 52-week high of $.788. The stock had big buyers in it all day, but is now showing overbought readings. Buyable on any pullback to 68c-70c zone.

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Sorrento Therapeutics Inc (NASDAQ: SRNE) is one of the hottest stocks of Nasdaq right now. The stock has been on a non-stop rally since March lows but needs now to reset the extreme overbought conditions to provide some room to develop a new trend up. Keep watching the stock.

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Akari Therapeutics PLC (NASDAQ: AKTX) is still facing resistance around $4.3 area, however the technical chart still showing bullish bias wiht MACD indicating that the current short term price trend is very bullish. In addition, the technical indicator ADX is rising which indicates the trend is gaining strength. A break above $4.3 could trigger further upside momentum testing $5.50 initially then $7

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Seelos Therapeutics Inc (NASDAQ: SEEL) If the stock finds support around the prior support level, I will enter for a trade.

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Sunesis Pharmaceuticals, Inc. (NASDAQ: SNSS) broke out from a sidewards movement with huge volume on Friday, creating a significant amount of bullish potential. If the upward movement continue next week it may break out from its declining 200-ema resistance at $1.37

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Performance Shipping Inc (NASDAQ: DCIX) has had a hard time with resistance here but may be ready to move higher. The level which the stock may have trouble moving above is currently at $1.30 It would need to break above that level to run to $2. Watch the stock closely next week.

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Apple (NASDAQ: AAPL) made a significant downside correction on Friday. We need this downside correction as RSI already is in extreme overbought area on daily chart. We also should see this current downside momentum as consolidation/correction move. Immediate supports 189 and 185

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, AKTX, DCIX, IGC, LIFE, SEEL, SNSS, SRNE, TRX

19:03 | Permalink |

AC Investor Blog

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

Saturday, April 10, 2021

Ten symbols with interesting patterns to trade next week

Saturday, March 13, 2021

Potential trend reversals for opening Long trades next week

Sunday, August 18, 2019

Several small, mid and big cap stock charts for the coming week

Saturday, August 10, 2019

Technical chart setups to follow next week

Wednesday, July 03, 2019

Friday July 5th watchlist

Saturday, March 23, 2019

Here are a few stocks to watch next week

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