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Saturday, October 02, 2021 

Trading setups for next week

 

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Camber Energy Inc (NYSEAMERICAN:CEI) stock has been pulling back quite a bit in the past few days but nothing is wrong with it, the uptrend remains intact and pullbacks are always healthy for a trend continuation. Seems to be forming an uptrend channel on hourly chart  with a major support at 2.50 with a minor support at 2.86. Plus, it has been under accumulation in a quiet manner. So, play what you see.

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Indaptus Therapeutics, Inc. (INDP) is setting up for a possible breakout, which based on the chart could send the stock up like a rocket. The RSI14 at 40 and the MACD is still curling upward. Chart on Breakout Watch.

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LM Funding America, Inc. (LMFA) had good volume and a big bullish candlestick on Friday. Breakout watch over 4.98

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CASI Pharmaceuticals, Inc. (CASI) is still in bottoming mode. The 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. It might attempt to breakout above the $1.25 level on Monday and if it succeeds we should expect a strong move to the upside. It has the potential to make another big run next week, so keep a close eye on CASI and don’t miss the trade. The price target of the two Wall Street analysts that rated the stock since the last quarterly report is $3.9

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I want to congratulate anyone that saw the opportunity in Silverback Therapeutics, Inc. (SBTX) at $10. Keep watch because the technicals are indicating there could be more juice left in this small bio cap, offering up multiple intraday entry points. Real fireworks begin over 12

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Sphere 3D Corp. (ANY) We have all seen how quickly this stock can head higher, when the buyers come. Watch this BOX and play accordingly. I believe it is ready to post a nice bounce and I do not see any resistance on the technical chart until $7.6. From a technical standpoint, the Relative Strength Index is now rising and is approaching the mid-level, while MACD is about to cross up.

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Chemomab Therapeutics Ltd (NASDAQ:CMMB) My opinion remains intact about this small bio cap. I will not sell a single share below $40 unless something bad happens, but that does not seem to be the case according to the recent news and reports. The stock has been falling on very low volume. The company has a great pipeline and the existing cash position is expected to fund the Company's current operating plan until mid 2023. The stock market is a device for transferring money from the impatient to the patient" Warren Buffet. I remember being called a pumper on PLUG or MARA when the stocks were trading at $2. NOTE: The 2 Wall Street analysts offering 12-month price forecasts for Chemomab Therapeutics Ltd have a median target of 43.50, with a high estimate of 45.00 and a low estimate of 42.00

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AMC Entertainment Holdings Inc (NYSE:AMC) Rallied nicely Thursday on volume and broke out of a descending channel. If it clears back over 42, it may have some good upside.

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Pedevco Corp (NYSEAMERICAN:PED) broke out of a consolidation range to the upside on heavy volume. I do not see anything until the 2.8-3 area. Indicators are also showing signs of recovery. Pullbacks are buyable.

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ENGlobal Corp (NASDAQ:ENG) is very bullish with a lot of hot indicators showing up. The slope of the upward move is steep accompanied by increasing volume. Breakout watch over 3.37

TRADE IDEAS TEST DRIVE IS BACK: The next 2-week Test Drive starts October 11, and runs until October 22nd. The Test Drive lets non-subscribers or standard subscribers enjoy all Premium Subscription features for up to 2-weeks. I recommend you sign up HERE before Monday, October 11 so you will have the full 2-weeks of access.

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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10:46 | |

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.

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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20:04 | |

Saturday, November 10, 2018 

Some interesting chart setups to watch next week

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Nio Inc (NYSE: NIO) Keep on watch, this one may breakout of its downtrend line next week. If it breaks and close above the $7 level again, the stock price should be ripe for a long trade. All technicals are looking positive now and the short-term outlook continues to look bullish.

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Nice Breakout on volume. (Alerted on twitter at 1.55). Friday’s high of $1.67 is resistance for the next upside move. If the stock can break through this level, we should see another move to the upside. Euroseas Ltd. (NASDAQ: ESEA) hit a high of 3.87 in the month of October, so keep it on your radar for the next few days.

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Real Goods Solar, Inc. (NASDAQ: RGSE) On my watch list. The stock showed relative strength on Friday compared to rest of market, following a report of insider activity. CEO and Director purchased a total of 250000 shares last week. 49c is pretty much the pivot here. If the stock closes above this key level next week, momentum traders are likely to send the stock up to 72c again.

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Pyxis Tankers Inc (NASDAQ: PXS) rallied hard Friday on heavy volume. If it clears back over 2.40, may have some good upside.

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Novelion Therapeutics Inc (NASDAQ: NVLN) has been trading heavy volumes recently and continue to impress with another show of strength. Could move toward $2.35 area if it breaks and closes above the declining 50-day EMA (at 1.88). Momentum picking up with MACD climbing and RSI rising. Watch for continuation. Stop 1.46 (just in case).

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Adding LM Funding America Inc (NASDAQ: LMFA) to my watchlist. Nice gap to fill if it can break through $2.1 price level. Long set-up on watch. A positive divergence on MACD Histogram could be a sign that prices will soon begin to rise.

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Boxlight Corp (NASDAQ: BOXL) broke out of its long-term downtrend line last week and surged considerably higher amidst impressive buying pressure. I'm going to keep an eye on it and see how it reacts next week. The outlook is now positive and a move to 4-5 appears likely.

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I keep watching Twitter (NYSE: TWTR) waiting for this stock to break out of its Bullish consolidation. Go long on a close above 35.12

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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19:24 | |

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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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