AC Investor Blog

Here are some trade ideas for the coming week

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Biocept Inc (NASDAQ:BIOC) seems to be in a good short-term bullish momentum. Key resistance is now located at 60c. A break above this level will confirm the bullish trend, and the following uptrend will take the price up to 80c zone. The accumulation/distribution line is heading upward and rising showing there is growing buying interest in this small bio cap. In addition, the Relative Strength Index is also moving higher, which is a sign of growing strength in the stock. Also the MACD is giving a positive indication. Possible breakout play next week.

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Applied DNA Sciences Inc (NASDAQ:APDN) Last week the stock finally filled the gap from the start of May. On Friday, the stock rose 17 cents to 7.21, closing once again above the rising 4h EMA200 indicating potential further upside recovery testing 7.92 (4h EMA100). A Break above that area could trigger further bullish momentum testing 8.59 and 9.2 region. Short-term technical indicators are improving and MACD is about to trigger a buy signal while RSI is turning up from extreme oversold conditions. Let's see if next week the stock will breakout this descending channel and continue uptrend to 9

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Plus Therapeutics Inc (NASDAQ:PSTV) has been wide-ranging over the past week after a strong pullback. Former runner could get going again over 2. There are signs of a reversal as the MACD histogram is starting to reverse and the RSI has bottomed.

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Evofem Biosciences Inc (NASDAQ:EVFM) is very oversold which usually implies a bull run is coming. The stock was over 6.8 last month and closed Friday at 2.90. We could see a sharp rally out of these oversold conditions. I took a long position.

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Cocrystal Pharma Inc (NASDAQ:COCP) The major resistance has been broken in this chart. The price can move up to 1.65-1.8 in the short-term. The technical daily charts are showing positive signs of further strength. Now that the stock is above this horizontal resistance line more buyers should be coming.

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Adial Pharmaceuticals Inc (NASDAQ:ADIL) former runner, basing nicely here. Could pop again. Resistance stays at 1.58. Once the stock breaks through resistance, we should see strong volume as the stock will breakout and move higher. Keep watching the stock.

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Genius Brands International Inc (NASDAQ:GNUS) A sharp recovery rally was seen on Friday after it broke the falling wedge pattern at $4 levels. For the coming week, as long as prices hold, the support of 4 levels could see upside rallies towards 4.55 followed by 4.8 or even higher to 5.5 levels. From the technical 30m chart, both MACD and RSI show bullish signs. SL should be placed at 3.79

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Bilibili Inc (NASDAQ:BILI) seems to be forming an ascending triangle pattern on its daily chart. This technical pattern has been developing since mid-May. By measuring the height of the triangle, at its thickest point, this pattern presents a 44 possible price target. Only a close on volume above the resistance at 36.47 can validate this pattern. Long setup on watch.

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Just one more push to change the trend. Perspecta (NYSE:PRSP) was one of the winners on Friday, as the stock closed up $4.12 or 19.56% on the day with high volumes. From a technical standpoint, the stock is in a short-term Bull Market with share price above all key EMAs. Breakout at 25.69 Watch for the next leg up

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Mersana Therapeutics Inc (NASDAQ:MRSN) flagging in the 20 area. Watch for a move above 21 on volume to break the stock out.

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NanoViricides Inc (NYSEAMERICAN:NNVC) is close to a breakout above 7.44. The stock price action has remained under its daily 50-day exp moving average for some time, however a positive divergence on MACD histogram indicates demand at lower levels which could support a pullback rally. A break above 7.44 would be very bullish.

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Pyxis Tankers Inc (NASDAQ:PXS) I will watch this descending channel for an upside break. The price can move up to 1.15-1.25 in the short-term.

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: ADIL, APDN, BILI, BIOC, COCP, EVFM, GNUS, MRSN, NNVC, PRSP, PSTV, PXS

19:33 | Permalink |

11 stock charts to watch next week

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Lululemon Athletica (NASDAQ:LULU) jumped $2.97 or 1.56%, on Friday, breaking key resistance at 192 and closing at 193.12. The stock has renewed momentum, which could move it to the 200 area in the next few trading days.

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Roku (NASDAQ:ROKU) remains on watch for a quick reversal. It has been holding this range for the last two weeks and I feel the next move will be higher. However, we need a close above $110 on volume to confirm the reversal.

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On Wednesday and Thursday I told to my followers to be ready for a reversal for Intec Pharma Ltd (NASDAQ:NTEC). Yesterday, the stock rose more than 21% closing at 85c on heavy volume. We could be looking at just the start of a another big rally for this stock. Congratulations to my followers and everyone making a profit here. I like NTEC for further gains, this is just the beginning IMHO My SL is located at 65c

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I used Friday’s pullback on Tocagen Inc (NASDAQ:TOCA) to initiate a strong long position. My rationale is that while it may take some time to recover all the recent loses, in a fastmoving market one is pretty much obligated to anticipate big turns, specially in extreme oversold stocks, like this one. TTNP and ZSAN was a good example on Friday. I opened a long at 67c and im looking for a run to $1

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Zosano Pharma Corp (NASDAQ:ZSAN) is a stock I wrote about recently as one to watch for a potential reversal as well as one that has been on my bottom scan. On Friday that reversal came to fruition to the tune of an 26.25% gain for the stock amidst impressive buying pressure.I expect ZSAN to continue to gain investor interest going forward. Keep it on your watch list next week.

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Electrameccanica Vehicles Corp (NASDAQ:SOLO) Nice bullish candle on Friday. Previous resistance is now turn into holding support. The stock has had a rough time over the past weeks but the selling pressure seems to have dried up. In my view, the stock has formed a bottom and I expect a move past 1.82 to take the stock towards the target of 2.1 with stop-loss at 1.60. From a technical standpoint, there are some signs of an imminent bounce due to the positive divergences, which often leads to short covering. A big bounce could be brewing.

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I also opened a long in Arca Biopharma Inc (NASDAQ:ABIO) at $5.2 on the assumption a lot of bad news is already in the price and that major support has the potential to act as a strong bullish catalyst again. Buying ABIO around 5.2-5.5 has been worked perfectly for me over the last months. Watch for a break out back above the 5.6 level which is Friday's high.

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Aileron Therapeutics Inc (NASDAQ:ALRN) Also this daily chart is right near its bottom and I think we could see a strong reversal over the coming days or weeks. Watch it closely.

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TOP Ships (NASDAQ:TOPS) Nice runner from the buy list yesterday. After one week of consolidation in the 2.7-2.95 area stock finally broke out and took out its critical level of $3. The break of this key resistance line confirms a short-term trend reversal and the beginning of new momentum, which could move the stock above the $3.35 area.

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Mersana Therapeutics Inc (NASDAQ:MRSN) seems to be undervalued at current levels with a good balance sheet after reading the Cantor presentation on Friday. The stock was trading at $6 in May hit $1.48 on Friday, closing at $1.51. I think it could see a sharp reversal in the next few sessions. Remember, these bottom play type small bio stocks could continue to fall, but they could also post sizable relief rallies. The farther the fall the greater the chance for ahuge reversal, especifically stocks trading significantly below cash levels, its been quite a fall for MRSN on no news. Im long and strong here.

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I have Apple (NASDAQ:AAPL) on my watchlist. It may be ready to break out of this consolidation. Go long on a close above 228.22

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: AAPL, ABIO, ALRN, LULU, MRSN, NTEC, ROKU, SOLO, TOCA, TOPS, ZSAN

18:17 | Permalink |

Stocks to Watch for September 30, 2019

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Global Ship Lease Inc (NYSE:GSL) is in a very strong bullish trend, having gained almost 50% this month. There's a high probability for a trend continuation in the next few days, as the stock could test the 8.50 area again. Next buy point is above Thursday's high at 8.19, with a stop loss at 7.55 EMA9

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GoPro (NASDAQ:GPRO) After drifting for weeks the price finally broke out of a consolidation on Friday accompanied by high volume. Yesterday’s high was $5.53, which is resistance for the follow through move. If the stock can break through this level next week, expect to see heavy volume drive the stock higher.

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Mersana Therapeutics Inc (NASDAQ:MRSN) The daily chart shows the stock is extremely oversold at this price level. Volume picked up a bit on Friday and the MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Bargain hunters may want to accumulate MRSN stock at current levels and wait for it to trade out of the oversold conditions in the coming days. Note: President and Chief Executive Officer, will present a company overview at the 2019 Cantor Global Healthcare Conference in New York next week. At $1.55 a share, and considering this stock was trading well over $3.50 in August the risk for further decline is outweighed by the potential gain an explosive bounce would provide. Im long for next week.

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I have Performance Shipping Inc (NASDAQ:DCIX) on my watchlist. It may be ready to break out of this large consolidation. The break of the next key resistance line with heavy volume should be the next buy point. If it clears resistance at $1.05, the move may be powerful. Despite recent decline, the daily RSI remains above 50 levels and may support the bullish argument here. November is typically a crazy month for this sector, and based on the PXS move, traders are already accumulating these shares. May run higher, keep on watch. Im long.

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Guardion Health Sciences Inc (NASDAQ:GHSI) has bounced today off its 20-hourly EMA just above the critical support of 70c and rose 7.87% to $.795 The uptrend remains intact as long as this key support line holds (stop loss).

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CASTOR MARITIME/SH SH (NASDAQ:CTRM) could be in the early stages of a technical breakout. The stock price has been basing the past few days and just recently started inching above most of the consolidation area. From a technical perspective, the technical indicators are beginning to look bullish. The MACD indicator is rising above its signal line and the hourly RSI crossed above the 56 mark. Additionally, the ADX is gaining momentum. Let's see what Monday brings. Could squeeze over $2.92. Im long.

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Roku (NASDAQ:ROKU) continues to drift lower and is nearing $96, a level that has provided robust support in August. Might bounce here. However, overall the technical set-up remains negative with the stock below all three short-term exp moving averages.

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: CTRM, DCIX, GHSI, GPRO, GSL, MRSN, ROKU

17:59 | Permalink |

AC Investor Blog

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

Saturday, June 13, 2020

Here are some trade ideas for the coming week

Saturday, October 05, 2019

11 stock charts to watch next week

Saturday, September 28, 2019

Stocks to Watch for September 30, 2019

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