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Saturday, October 23, 2021 

Here are some Trade ideas for the last week of October 2021

Dearest readers, followers and friends, 

I hope everyone is enjoying a great Saturday with family and friends. Im sure you are eagerly awaiting the market’s open Monday and getting ready to start the week with a profitable trading session. 

Friday was probably one of my best trading days in recent memory. Too many big winners in just one day. Honestly, I never saw so many stocks getting halted on circuit breakers in a single day. Even if you didn't catch a stock winner, don't give up, everyday trading week is a new week, a new beginning, so start fresh and keep smiling, because you never know what the market has to offer for you. Do not be hasty to buy or sell a stock, every day there are new opportunities to make money. Being patient is the key to the success of any trader. 

"With patience and discipline, you can take much more from the stock market than you ever gave". Put this sentence in front of your screens !! 

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. 

I just want to make this clear. I have never been paid to promote a stock/company, and I never will. All of my stock picks, technical analysis, and posts are crafted utilizing my own knowledge and experience. I thank you for coming here and reading what I have to say about stocks on a technical level. 

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. I will NEVER ask you for money. 

Please be aware: 

- I just have 1 Official Twitter account @ACInvestorBlog currently with +165000 followers 


- 1 email account antonio.mrcosta at gmail com 

- 1 blog and 1 verified Stocktwits account with nearly 115000 followers. 

Everything that you find on the internet that does not match these metrics are not mine and please block and report these scam artists to Twitter. Together we can win this fight or minimize their strength. 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. 

These are the 3 essential financial tools that I use on a daily basis: 

TradeIdeas: It is a scanning tool that all traders should use. Grab the weekend opportunity and save more (25% off) on any subscription only until midnight Sunday by using this code TESTDRIVE25 Click HERE

Benzinga Pro: It is a streaming platform that contains all the information you need to invest smarter today. Sign-Up For Benzinga Pro HERE 

TheTradeXchange: TradeXchange is another online financial media outlet that delivers real-time news headlines that usually hits the wire fast enough to be an actionable trade idea. Click HERE 

Here are some Trade ideas for the last week of October.

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If you paid attention to Thursday's alert and got into Phunware Inc (NASDAQ:PHUN) ten minutes before the close when I said "Added $PHUN on pullback at 1.47 thank you", congratulations! The stock had a very productive day on Friday as we saw gains of over 1000%, completely insane. The DWAC euphoria grabbed the market's attention also on this name and the stock surged like a missile. I have to say, I sold it too early but for me a profit is always a profit, and everytime i initiate a trade, my strategy is automatically in mind, and usually I never change. A break above this short-term downtrend line on the 5m chart could trigger further upside recovery testing the $11 area. I'll be watching the stock on Monday, looking for a possible follow through move. This stock will move quickly and is very volatile, so be careful with your share size and entry price.

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Remark Holdings Inc (NASDAQ:MARK) posted a 138%+ gain on Friday to close over $2.17 a share. Is continued gains in the cards or was Friday's rally just a quick pop before a sell-off ? Honestly, I think there are more gains to be had, and would look for any pull-back to possibly grab a few more shares. From a technical standpoint, the stock broke out of a descending channel formation that captured the mid-2021 bearish momentum on massive volume, signaling that a reversal is underway. The stock is now above all major exponential moving averages and if the upward trend can continue for another week and the EMA50 can cross on top over the EMA200, then the stock will be ready for another big rally. Next major resistance lies at $2.89 The same advice for MARK as i did for PHUN "This stock will move quickly and is very volatile, so be careful with your share size and entry price".

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Digital World Acquisition Corp (NASDAQ:DWAC) Price needs to break this sideways range in order for me to get back into a short-term directional trend. Momentum oscillators are presenting a mixed picture.

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Takung Art Co Ltd (NYSEAMERICAN:TKAT) is looking good to me with all this NFT hype. I'm very pleased about how the stock has pulled back to its major support zone after its large move in the middle of August. For the coming week, a breakout above the 8 level would signal the start of a new uptrend that could potentially test the recent highs around the $14 area. You do not need much digging to see that the stock has very strong bounce potential here JMHO On watch.

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Silverback Therapeutics Inc (NASDAQ:SBTX) Price has made a new low but reversed it by closing above 9.10 again. There was clearly more buying than selling on Friday. Company has a good pipeline, cash on hand and a great CEO with huge experience (she led Synthorix into its acquisition by Sanofit). According to analysts' consensus price target of $51.80, Silverback Therapeutics has a forecasted upside of 452.2%. I have been accumulating this stock.

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Blackberry (NYSE:BB) pulled back before the weekend, getting rejected by the $12 area and falling to about 10.9 on Friday. I think this pullback is a great opportunity to enter. I'm playing it for another BIG pop.

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Orphazyme A/S (NASDAQ:ORPH) I suggest you keep this stock on your radar. At some point I think it will post another impressive rally.

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Wisekey International Holding AG (NASDAQ:WKEY) another NFT play that was added to my watchlist again as a possible bottom bounce-play. The chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. Squeeze over 6.50

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, February 13, 2021 

Here are a few trade ideas and my trading rules

Dearest followers,

Thank you to all of you who have been with me this far and congratulations to everyone on taking advantage of all the recent gainers since the New Year. Plus, i would like to thank you once again for the fantastic Twitter followers growth. I surpassed 110000 yesterday, just one week after hitting the key mark of 100000. This is Insane. Definitely a milestone I never imagined myself hitting, and I'm so appreciative of everyone who supports me in this passion of mine, your support is invaluable. 

I would take this opportunity also to point out, that I have never been paid to promote any company, and I never will. All of my stock picks, analysis and posts are crafted utilizing my own knowledge and experience over the years. My posts on StockTwits or Twitter are unbiased and honest. The stocks you get on this blog ,and as a free subscriber are based on my own research, charts, news or events. I hope what I write helps you navigate in the best World stock market. 

Over the past months I continue to see a lot of fake accounts being created pretending to be myself in order to scam you. I will never ever direct messages to you about any paid services. WATCH OUT for the FAKE accounts. I'm very happy to see that Twitter is aware of these scammers and any report from you or me, they act immediately (sometimes takes a few minutes) and remove these accounts. So, it's very important your support in this matter to avoid the newbies to be victims of these schemes.


Due to the increased number of followers and the continuous emails asking for knowing what my rules are, I decided to share it again.

1 - The trend is your friend, so never go against the trend.
2 - Keep your losses small. Golden rule: Cut losses short. Let profits run.
3 - Use stops. The stop loss should be placed a few cents below the supports and not at the same level (i don't use SLs for low float stocks).
4 - Learn the basics of fundamentals, charts and technical indicators.
5 - The good trader is one who makes consistent gains, so don’t be a greedy trader, appreciate the small and the big gains.
6 - Do not fear the market. Be always confident in your trade decisions.
7 - Never buy what you do not want, because you think it is cheap.
8 - Always be conscious that the loss may arise and you should be prepared for that to happen. Open mind.
9 - For large positions, you must have total control of the market never losing sight
10 -Volume is a leading indicator, so play the breakouts using the volume as support of your decision.
11 - Chart breaks without volume could be a trap and the probabilities of succeeding are low
12 - Do not be hasty to buy or sell a stock, every day there are new opportunities to make money. Being patient is the key to the success of any trader.
13 - Only believe fundamentals as long as the technical signals follow.
14 - Trading very speculative stocks is a frequent mistake.
15 - Do not trade positions too large relative to your available capital.
16 - Do not invest all your money in one company. Your portfolio must be diversified.
17 - The Greed to pick tops or bottoms is a usual error. Wait for the perfect and confirmed signal.
18 - Do not make trading decisions based on a story you saw in the morning paper. The market many times has already discounted the information.
19 - Review your missteps to improve your skills

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 now sharing some interesting trade ideas for the coming week.

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Sundial Growers Inc (NASDAQ:SNDL) After peaking as high as $3.96 on Thursday, the stock has pulled back to fill the gap around the rising EMA200 on the 15m chart in early Friday trading. Despite the pullback, the accumulation line continues to rise, which means a positive divergence. Plus, the stock closed the day with a big bullish candle on decent volume above the psychological level of $2. Looking for some intense buying pressure at the open on Tuesday and I wouldn't be surprised if it hit $2.6 at some point next week. I bought back my shares. SL 1.75

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Wunong Net Technology Co Ltd (NASDAQ:WNW) I want to congratulate anyone that followed the WNW pick on Thursday at $14 when nobody was talking about this China stock, which raked in over 100% in real possible gains. There were plenty of opportunities throughout the day to get involved and easily book a profit. As I tweeted yesterday, I took profits. If you're still long, stock only has a major resistance at $40

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LAIX Inc (NYSE:LAIX) Moved my profits of WNW to start a decent position in this China former runner LAIX at $3.80 Looks like building a base for the next up move. I would look for a move up to $5.2 resistance in the coming trading sessions. The MACD is curling up and about to cross. This was a $11.65 stock less than six days ago and China stocks remain the theme. Long setup on watch.

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Arcadia Biosciences Inc (NASDAQ:RKDA) slumped again on Friday closing at major support. I believe now is the time to start trying to catch this "falling knife" with a tight stop loss. Any bounce from here could move to 4.60. Let's see if that happens on Tuesday. The potential growth of the company is very attractive.

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SINTX Technologies Inc (NASDAQ:SINT) I believe the breakout move is the higher probability outcome of this pennant formation on the 30m chart based on technical and volume patterns. Once the breakout move begins, the 3.44 level will become critical as a future resistance level. If that level is broken, then we believe the SINT may attempt to rise to levels not seen since July 2019 around 4.3 Im still long.

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GBR This low float energy name should be in your Top watchlist as long as the crude oil goes up. This was a $30 stock less than two weeks ago.

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Churchill Capital Corp IV (NYSE:CCIV) saw its shares surged almost 27% to 39.98 on Friday. With technical daily charts showing strength, as MACD is above signal and RSI above 70, we could see this stock going strong for a while. Pullbacks to pivot are buyable. It doesn't look to be too late to join the party.

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Keep an eye on GreenPower Motor Company Inc (NASDAQ:GP) The stock looks poised to break out and run higher. Good long setup if the stock takes out the 34.45 level on volume.

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MARK is clearly working out its overbought status on a daily basis and from a technical standpoint it is a healthy consolidation for the next phase of its advance. The stock price can potentially set-up well for another swing-trade, if it breaks through the key resistance level at 4.72

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Molecular Data Inc (NASDAQ:MKD) broke and closed above its EMA-200 for the first time in months accompanied with high volume. The stock price hit a high of $1.93, which is now resistance for Tuesday’s continuation move. If the stock can break through resistance, we should see another strong upside move. MKD will move very quickly, so watch the stock closely.

Valentine's Day Offer: One of my favorite powerful intraday stock scanners is offering you 20% off  with LOVETHESTOCK and the code is good through midnight on Monday the 15th. Last chance to grab this fantastic offer!
 
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, October 24, 2020 

Stock watchlist for the coming trading week


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Remark Holdings Inc (NASDAQ:MARK) skyrocketed 40% or 45 cents to $1.58 per share on Friday after the company tweeted "First time $MARK @intel selling our technologies together," along with the detailed video. I see this news as very bullish. From a technical standpoint, the stock broke out of a descending channel formation that captured the mid-2020 bearish momentum on massive volume, signaling that a reversal is underway. The stock is now above its 50-day and 200-day exp moving average and if the upward trend can continue for another week and the 50-day moving average can cross on top over the 200-day exp moving average, then the stock will be ready for a big rally. Next major resistance lies at $1.98 NOTE: Wall Street analysts have a consensus price target at $4.25

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I made a nice trade on Globus Maritime Ltd (NASDAQ:GLBS) last week and I bought back the stock on Friday, expecting another leg up. This stock has a very low float (nearly 833000 shares float / outstanding shares 1.75M) and a history of making big moves. I would like to remind you that in November of 2016 a similar move (reverse stock split) was made by a Greek shipper company called DryShips reducing the number of outstanding shares to just 1.1 million. A few days later the stock recorded a nearly 2,000 percent return. I'm not telling you that GLBS will do the same, but we have to always look at the history of these companies to see the opportunities. For me, this is not a stock to invest in, just to trade because it has a history of dilution and discounted placings. However, I always take history as a mirror and look forward to the future. Watch the break of $8 on volume for another explosive move. Note: November is typically a strong month for Shippers.

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Tesla, Inc. (NASDAQ:TSLA) Very good consolidation in an ascending triangle pattern while volume is declining. This pattern within an uptrend suggests it should breakout to the upside, but a downside break is always possible. It is best to wait for these patterns to trigger before making a commitment. On watch.

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Supercom Ltd (NASDAQ:SPCB) The Company received an extension granted by the Nasdaq on Friday (after-hours news) a 180-calendar day compliance period, or until April 19, 2021, to regain compliance with the minimum bid price requirement. With the key momentum indicators displaying positive signs, share price could likely move higher next week testing eventually the recent highs around the 1.20 level. I was expecting the news, so now I'm more confident to increase my position.

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Yunhong CTI Ltd (NASDAQ:CTIB) had a great move on the upside Friday and closed above the 200EMA. The stock is setting up to break out and has one more level to go, which is $2.31

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Adaptimmune Therapeutics PLC (NASDAQ:ADAP) has achieved a boost during Friday’s market as traders witnessed the extreme oversold position, driving shares up 11.63%. I would like to see a break over yesterday's high of 5.16 to indicate possible bounce is on deck. I feel that fundamentally, the stock looks attractive at least for the short term. Long setup on watch.

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Altra Industrial Motion (NASDAQ:AIMC) broke through resistance at $43 accompanied with high volume. We should be able to see some decent upside movement for the bulls here. Buyable on any pullback to pivot.

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BlackBerry (NYSE:BB) has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the next resistance level at $5.25. Let's keep an eye on it.

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Allied Esports Entertainment Inc (NASDAQ:AESE) is already at oversold conditions with daily RSI (9) at 35. The daily MACD indicator has stabilized and volatility is dropping. On watch for a potential big bounce.

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Genius Brands International Inc (NASDAQ:GNUS) Volume starts to pick up again. Could make a huge move to the upside. Keep it on your watch list. A break of $1.61 with force might give stock room to $2

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Surface Oncology Inc (NASDAQ:SURF) momentum has become increasingly bullish over the past few trading sessions and the price is currently consolidating nicely above all EMAs. If it breaks above the intermediate resistance level 10, further up move can be expected.

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, 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.

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, May 23, 2020 

Swing trade ideas for next week - Happy Memorial Day everyone!

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VECTOIQ ACQUISI/SH (NASDAQ:VTIQ) appears to be forming an ascending triangle pattern on the hourly chart while momentum indicators are inching upwards along with solid volumes. An ascending triangle suggests a bullish sentiment with an upward breakout. The stock is likely to make another attempt to cross the resistance zone at 26.9 in the coming sessions, so stay tuned. It needs to close above this level to indicate a continuation of the rally.

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Tocagen Inc (NASDAQ:TOCA) shares may be in a small consolidation phase (bullish flag pattern) following a nice rally on Monday. Daily technical indicators are bullish. The MACD is rising above its signal line and entered positive territory, while the RSI remains above its 50% level. Plus, all major short-term EMAs are moving up with the stock above them. If a breakout above the 1.7 level occurs next week, we could see an acceleration of momentum and move toward the 2-2.14 area.

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vTv Therapeutics Inc (NASDAQ:VTVT) also appears to be forming a bullish flag pattern and the stock is in the process of resuming the main trend. If the price can break out of the upper frame of this flag, a continued rise is likely, targeting the 3.8 area. Long setup.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) Tweeted under 3.20. The stock price broke out of a large trading range pattern during Friday's trading session on heavy volume. I think we will see a nice follow through on Tuesday. This was a $4 stock less than 4 months ago. The daily momentum indicators are showing positive momentum to continue as MACD has generated a fresh breakout while RSI is moving upwards above 60 levels. The next resistance area is the EMA200 at 3.61

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Summit Wireless Technologies Inc (NASDAQ:WISA) showed buying strength all day on Friday. We start to see some signals of rebound as the daily technical chart shows positive momentum is back. If stock breaks 2.5 then the stock can head to 2.83 and if this level is breached then the level of 4 is visible (closing gap). I think its worth adding to your watchlist.

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Thermogenesis Holdings Inc (NASDAQ:THMO) From a technical standpoint the stock looks poised for a possible trend reversal, after dropping to the $6.3 level forming a potential double bottom on Hourly. This, along with oversold readings, could lead to the start of a short-covering rally.

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Nabriva Therapeutics (NASDAQ:NBRV) had a big pop on Friday and the stock price finally closed above the declining EMA50 for the first time in months. If price breaks above 76c next week, then we should probably see a significant move to the upside. PDUFA date of Contepo set for June 19

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Lianluo Smart Ltd (NASDAQ:LLIT) This penny stock is showing signs of bounce coming MACD cross. 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. 49c break out watch. NOTE: Penny stocks are risky but if you know what you are doing and exercise caution when necessary you stand to gain large return on relatively small investments, so play accordingly.

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Remark Holdings Inc (NASDAQ:MARK) jumped 40 cents, or 21.5%, on Friday, closing just slightly below its high of the day in the 2.34 area. If that level is broken on Tuesday, the stock price short-term could accelerate towards the 2.6-2.68 zone, which represents the next resistance area. The volumes are strong at present levels along with momentum indicators. Hourly RSI and MACD both are hinting some more positive momentum to continue as hourly RSI is entering into overbought levels, so the very short-term movement should be treated as upwards IMHO. Watch the stock closely next week.

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Creative Realities Inc (NASDAQ:CREX) closed strong yesterday under active bidding. The stock is expected to move further higher as it has given positive close with increased volumes after six consecutive sessions of declines and is likely to continue the momentum for the coming session as well. RSI and MACD on 2h chart are turning up which might attract some more buying into the system. Possible trend reversal.

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Virgin Galactic (NYSE:SPCE) The stock has taken a strong support near its 200-days exp moving average and reverted just after touching those lower levels on Friday again also breaking out of a falling wedge 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.


A BIG THANK YOU TO ALL OF YOU: I just crossed 53000 followers on Twitter and reached 87000 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.

Screening or scanning for stocks is one of the most important elements in your investing strategy. Some of them are well done, other are not as well done. This weekend I strongly recommend to visit TRADE IDEAS They are offerring a generous discount of 25% off any new subscription's 1st month or year.

Memorial Day Sale — 25%: The code is: MEMORIAL
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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 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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