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Sunday, December 12, 2021 

Ten Stock Setups for the Coming Week

Dearest readers, 


I hope everyone is enjoying a great weekend with family and friends. I'm sure you are eagerly awaiting the market’s open tomorrow and getting ready to start the week with a profitable trading session. I will take this opportunity again to inform you that my Twitter profile continues to be cloned 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 Bitcoin products. 

Please be aware that I don't TRADE CRYPTO and I will NEVER ask you for money. I would also like to make clear that 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 trade all types of stocks, big mid and small caps, but never the OTC market. I thank you for coming here and reading what I have to say about stocks on a technical level.

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Vinco Ventures Inc (NASDAQ:BBIG) may be forming a bottom after being in a downtrend for weeks. The stock jumped 23 cents or 8.39% on Friday closing at 2.97, just slightly below key resistance at 3.07 (EMA13). If this technical daily chart does what it is supposed to do, it will be going higher in the days to come, plenty of room to upside. The recent high volume activity along with positive crossover of MACD on the daily charts suggest fresh buying interest in the stock. This will be a stock to watch next week.

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Moving Image Technologies Inc (NYSEAMERICAN:MITQ) is starting to come off its bottom. The stock saw great buying volume after hours on Thursday and looks ready to test and break $3 very soon. From a technical standpoint it has been trading sideways for the last few days and is showing signs of bullishness. The MACD had a positive crossover last week and the RSI remains in buy mode that supports the positive momentum in the stock. I have been accumulating this name.

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Ford Motor Company (NYSE:F) After consolidating sideways the last few weeks with an upward bias, the stock broke out upwards Friday accompanied by a volume surge. Looks good for higher prices.

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Sharplink Gaming Ltd (NASDAQ:SBET) Volume starts to pick up again while MACD is curling up. Could make a nice move to the upside. Keep this one on your watch list. A break of $2.76 with force might give the stock room to $3.60 Another small cap that I have been accumulating lately.

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Legacy Housing Corp (NASDAQ:LEGH) Good upside volume the last two trading days. A new breakout could be coming soon.

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General Motors (NYSE:GM) Like it over Friday's highs if volume comes in.

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Theravance Biopharma Inc (NASDAQ:TBPH) Possible gap fill candidate over 10.50

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Jupiter Wellness Inc (NASDAQ:JUPW) Some serious upside volume coming into this stock over the last few days. A high volume move through the 1.64 price level would be buyable.

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Greenidge Generation Holdings Inc (NASDAQ:GREE) is still flagging nicely in this range. Could be a high flyer on breakout.

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Bakkt Holdings Inc (NYSE:BKKT) closed the day nicely above its EMA200 and printed a new buy signal for the coming week. Positive divergences are everywhere. If the MACD crosses it should trigger some sort of buying.

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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17:00 | |

Saturday, November 20, 2021 

Extreme oversold stocks for Thanksgiving week

 

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Last week was a depressed week for small cap investors with a lot of stock reaching extreme oversold conditions not seen since the subprime crisis. The volume was also very low, which leads me to think that it was a possible tax selling reason. With the small-cap index pulling back to test the support zone previous resistance area, we might start to see next week the first signs of a rebound.

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Clovis Oncology Inc (NASDAQ:CLVS) has been in a tremendous tailspin the last three weeks. The stock has seen a bevy of selling bring the stock to fresh new lows for the year and near historical lows. However, the last two trading sessions reveal an increase in volume, suggesting some capitulation and I think that a sharp rally could follow over the next few days. At $3.38 a share, and considering this stock was trading well over $4.50 last month, the risk for further decline is outweighed by the potential gain an explosive bounce would provide. Plus, historically the stock reacts violently to the upside every time the RSI reaches extreme oversold levels. In fact, this stock is also a short squeeze play. Keep an eye on it next week, it should mount a violent rally from here IMHO. Last week the company said that it expects cash resources, and revenues and available financing sources to be enough to support its operations for at least the next 12 months.

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Another extreme oversold small bio cap. Arca Biopharma Inc (NASDAQ:ABIO) touched a new 52 week low last week and closed at $2.36 a share on Friday. I think now is the time to start trying to catch this knife. Alone this company has more cash ($4 per share) than current market capitalization. Cash and cash equivalents were $58.3 million as of September 30, 2021, and they believe that its current cash and cash equivalents will be sufficient to fund its operations through 2022. Furthermore, the stock could get a boost from the current increase of the COVID cases worldwide, especially in Europe. According to CEO Dr. Michael Bristow, with rNAPc2’s combination of anticoagulant, anti-inflammatory and potential antiviral properties, he believes it has the potential to be effective in addressing COVID-19 impacts in hospitalized patients. The international Phase 2b clinical trial is nearing completion and they look forward to sharing its results in the first quarter. I have been accumulating shares again.

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Gaucho Group Holdings Inc (NASDAQ:VINO) Another example of a small cap victim of the current market environment. The company reported a big profit and revenue last week and predicted a strong 2022.
- Revenues for the third quarter were $2.6 million compared to $60,228 in the prior year period, a 4,242% increase. 
- Gross profit for the third quarter was $2.4 million, compared to $21,000 in the prior year period, a 11,505% increase. 

Quite a turn around and I think the stock could have plenty of more room to move higher. The stock is clearly under accumulation and I could see it breaking out higher (pivot 3.39). There are not many shares left to go around. Follow The Money.

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Moving Image Technologies Inc (NYSEAMERICAN:MITQ) has it on watch for a turnaround next week. The company delivered strong year-over-year revenue growth of 98% last week and predicted a revenue guidance of $12 to $15 million, or 67% to 108% growth over fiscal 2021. Plus, they expect to deliver positive cash flow from operations as well. It can be tough to pull the trigger on a stock that has fallen rapidly. But these same stocks can post big moves after they have fallen and GTEC showed this to be true on Friday. It remains on my TOP watchlist.

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Sharplink Gaming Ltd (NASDAQ:SBET) I really like this stock, although the price sits at lows, I feel it deserves a much higher valuation.   Volume looks healthy, and we are seeing up days on heavy volume and down days on very low volume, which is clearly a good sign that the stock is under institutional accumulation.

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Ocugen Inc (NASDAQ:OCGN) stock posted a nice bullish candle on Friday. This could be the start of a reversal. Considering how far the stock has fallen, a rebound could mean a big move up for this stock. Keep an eye on it.

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Bakkt Holdings Inc (NYSE:BKKT) The chart is looking good now for this stock and we could be looking at the start of a sustained price recovery. Squeeze over 22.4

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Ironnet Inc (NYSE:IRNT) I think this stock will post a sharp rally from current levels. This was a $47.50 stock in Sept and at $10.5, in my opinion, there is a compelling risk/reward scenario.

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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21:01 | |

Sunday, October 10, 2021 

9 stocks worth watching next week

 

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Clover Health Investments Corp (NASDAQ:CLOV) Friday's close was notable as the stock broke the downtrend line that has been in place since early June. On the technical chart, we can see a few things going on here. First, the stock is back all short-term EMAs. Also, MACD is indicating a trend reversal to the upside. Last, and definitely not least, we can see that the money seems to be flowing into the stock and RSI is turning up.

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Globus Maritime Ltd (NASDAQ:GLBS) The Baltic Index continues to make new highs almost everyday. Historically, November is the best month for shippers but with the current Index rally i suspect that in 2021 will be a little different, perhaps the shippermania could be about to start. I love this setup as a potential bottom in the making. Daily technical indicators are showing the first signs of a positive divergence from price. The MACD is already displaying a clear bullish divergence to the price action over the past few weeks, this suggests that the upside momentum could be building up. In addition, the daily RSI momentum oscillator is signaling a positive crossover from the oversold territory. Plus, the A/D indicator is also showing some positive divergence. The stock is now likely to test and potentially overcome its 100-day EMA in the days ahead.

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With the recent developments from the company I think this stock has a good chance at trading higher going forward. Squeeze over 3.09. I have been accumulating  Moving Image Technologies Inc (NYSEAMERICAN:MITQ) looking for a run to $5

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CASI Pharmaceuticals Inc (NASDAQ:CASI) Historically, October is always a great month for a trend reversal on this name. I think we could see a strong reversal over the coming wks.

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Pharmacyte Biotech Inc (NASDAQ:PMCB) experienced unusual volatility and trading volume before the close on Friday. On my fireworks list.

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Voyager Therapeutics Inc (NASDAQ:VYGR) broke above resistance in Friday's trading session after a small period of consolidation. I still like this stock and will be watching it again on Monday, expecting to see a continuation move.

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ReShape Lifesciences (NASDAQ:RSLS) had a strong day as the stock closed up 65 cents or 26.21% on heavy volume. Friday’s high of $3.37 is now resistance for the continuation move. The stock is back on top over the 20-day EMA and MACD is showing positive momentum, while KD line also shows buy signal as %K line is on top of %D line.

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Core Laboratories N.V. (NYSE:CLB) looking primed for a range break to the upside. Breakout watch over 30.5

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Skillful Craftsman Education Tech Ltd (NASDAQ:EDTK) is getting closer to a major break-out so keep an eye on her and wait for a close over 1.3 to enter.

TRADE IDEAS TEST DRIVE IS BACK: The next 2-week Test Drive starts TOMORROW Oct 11th, 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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17:16 | |

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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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