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Sunday, December 15, 2019 

Swing trade ideas for the coming week

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CymaBay Therapeutics Inc (NASDAQ:CBAY) price broke out of a bottom/accumulation pattern accompanied by strong volume on Friday and is now trading in the gap zone. This break confirms a short term trend reversal and the beginning of new momentum. Watch next week the break of Friday's high for continuation.

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Matinas BioPharma Holdings Inc (NYSEAMERICAN:MTNB) finished higher on Friday after bouncing off the 1.49 area, a strong support region that may represent the short-term bottom. The volume is picking back up, the MACD is still rising and in good shape thus far. It seems like the stock is setting up to break out and has one more level to go, which is $2.18 Long setup on watch.

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Obalon Therapeutics Inc (NASDAQ:OBLN) is a clear breakout candidate, as resistance around $1.96 is under pressure. The chart shows a bullish sign. MACD lines are going up and RSI is rising above the neutral 50 level, buyers strength still persists. If the stock moves above this key resistance area it could rise till 2.35-2.5

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OpGen Inc (NASDAQ:OPGN) was added to my watchlist 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 1.34

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NF Energy Saving Corp (NASDAQ:BIMI) is moving inside a rectangle area indicating consolidation after significant bullishr momentum. The stock needs to break from the range area to see clearer direction. A break above 3.70 could trigger further bullish momentum targeting 4.20 region, while a break/close below 3.4 could change the short-term trend, but this is not likely to happen. Keep an eye on BIMI next week. This China energy name has that look.

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Synlogic Inc (NASDAQ:SYBX) Although it seems like there is potential for a further drop, this pullback could be part of a healthy continuation of the medium-term bullish trend.

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Ekso Bionics Holdings Inc (NASDAQ:EKSO) starts showing buy signals again. The stock closed the week above its 20-day moving average, which is a very bullish sign. Although the stock didn't perform well this year, we start to see now some signals of rebound as the technical chart shows positive momentum is back. I'd look to the 61c level moving as the next buy point. If it passes that, then we have room to run to next resistance at 74c. Let’s keep an eye on EKSO

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Myovant Sciences Ltd (NYSE:MYOV) has been pulling back most of this month, so far, but that should provide a better entry for another run higher. Looking for a possible entry near 14

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Synaptics (NASDAQ:SYNA) broke through the highs set in November on strong volume accumulation and should continue to move. Buyable on a pullback to the pivot.

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Nio Inc (NYSE:NIO) has been in a bullish consolidation over the last 3 weeks and appears ready for another breakout. Keep on watch.

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First Majestic Silver (NYSE:AG) continues to sit in a consolidation range. At some point, the stock will breakout and I want to be there for this move. The major resistance stays at $11.55. Fresh long should be made only when the stock closes above this level with an up candle on volume. Long setup on watch.

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Akebia Therapeutics Inc (NASDAQ:AKBA) Flagging. Breakout watch over 6.56

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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19:34 | |

Thursday, November 28, 2019 

Friday's Stocks To Watch - Happy Thanksgiving

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Myovant Sciences Ltd (NYSE:MYOV) money keeps pouring into this stock. One thing that never lies with bio cap stocks is money flow and MYOV has got it going on. This was a $27.45 stock back in July 2018, and while I don't see that price coming this year, I do think there is plenty of more room to the upside. I entered last week around 12.6 and took some profits yesterday. This is very overbought, so this means a possible correction is near and this may give me again a chance to jump in when it moves lower, but the trend is clearly UP.

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Obalon Therapeutics Inc (NASDAQ:OBLN) interest is starting to grow for this small bio cap stock (Watch this Video - Treatment designed for overweight patients). The CEO recentlypurchased 65K shares, which boddes well for us, investors. At some point, investors will catch onto this stock and send it higher. Getting in before the crowd is one of the best ways to make money in this market. On the daily time-frame, the MACD-histogram has been sloping up again and the short-term EMAs have just ticked up to give a buy signal on the Impulse System. The stock needs to break the downtrend line at 1.85 to expect a strong rally at this point. Im long and strong.

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Synlogic Inc (NASDAQ:SYBX) another small bio cap that deserves your attention next week. The company announced recently that Aoife Brennan, M.B., B.Ch., Synlogic’s president and chief executive officer, will participate in a fireside chat at the Piper Jaffray 31st Annual Healthcare Conference at 11:30 am ET on Thursday, December 5, 2019, in New York City. Certainly this is a stock to watch heading into the conference.

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Nio Inc - ADR (NYSE:NIO) this stock closed near its session highs on heavy volume. This stock continues its uptrend and I see it trading at $2.6 and better next week. We have a gap to fill.

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I know many have lost money on Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) as it continues to plunge, but at some point this stock will find a bottom and post a strong rally. Could it be right here at $2.50 ? This technical chart says its time to hold what you got and add a little on the break of 2.71 for a run to 3.36. With the recent positive events I think it is only a matter of time before TTPH takes off and breaks out of its recent bottoming trend. I have been accumulating the stock.

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After a nice pop in the morning the rally fizzled in the afternoon and Hepion Pharmaceuticals Inc (NASDAQ:HEPA) investors were left with a 35% gain on the session. Stock needs to hold the 5.80 support level in order to resume the uptrend.

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Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) news out bolstered the stock and could be signal another potential rally for this stock. It certainly deserves watching going forward. This stock could break out at any moment. Alliance Global Partners maintained Tonix Pharma (TNXP) coverage with Buy and target $6.5

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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15:36 | |

Saturday, November 23, 2019 

Swing trade ideas for the short week ahead

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Myovant Sciences Ltd (NYSE:MYOV) is getting again some buying and looks poised to post some big gains if the buying volume persists. A break above $14.60 with conviction (volume) and the next target is $17

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OpGen Inc (NASDAQ:OPGN) broke out of its down trend with an impressive showing on Friday. This could be the start of a new trend. Long setup on watch.

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China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) has been in a slow steady tailspin for the last few months. Last week, the stock briefly hit 78c marking a fresh low for the year. It quickly bounced back on volume and we could have seen the lows for this stock over the short-term. I took a long position on Friday, expecting a strong bounce in the coming week to test initially the 1.3 resistance area. Yesterday was a great step in that direction. At current levels, and based on the long-term chart above the risk/reward seems favorable. Plus, some China names have been hot lately.

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Zafgen Inc (NASDAQ:ZFGN) some many remember how I had MRSN constantly on my watch lists and Twiiter posts. It took MRSN several days to start to move after I brought it to my Twitter followers. The same will be said for ZFGN. Recent price action for ZFGN seems to be similar to MRSN. For the first time in months, the stock closed above the declining 50-day EMA on volume and above the key resistance of 80c. I think $1.06 is doable short-term PT with similar buying, or an even better price depending on the action. Im long on the name.

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Unum Therapeutics Inc (NASDAQ:UMRX) continues to sell-off in impressive fashion. The time might be coming for a big bounce. A bounce that could send this stock back over 90c IMHO There is a big event in December 5th (Piper Jaffray 31st Annual Healthcare Conference, New York). Plus, the stock is extremelly oversold which could be another good reason for a sharp bounce. I took a long position on Friday.

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Conatus Pharmaceuticals Inc (NASDAQ:CNAT) Another interesting chart for penny lovers. Lets see if we can get a move back over $.36 The +DI line is crossing the ADX and this is a great sign for buyers coming into the stock again.This $.35 stock looks poised for a 20-30% short-term breakout.

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Akerna Corp (NASDAQ:KERN) soared 35% on Friday closing at $7.24 after hitting $7.70 and I brought it to the attention of my twitter followers at $5 on Wednesday. Congratulations to all who took a chance on this stock. Watch the 7.70 level for continuation.

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Valeritas Holdings Inc (NASDAQ:VLRX) this could be the next stock runner. At $1.50 this looks a lot like CMRX and it has the potential to pull a similar move. Squeeze over 1.57

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Cancer Genetics Inc (NASDAQ:CGIX) This is a stock that came up on one of my bottom scans. Stock moved nicely on Friday, as traders continued to eye a potential breakout in the name. Watch the break of this downtrend line for a run to test the recent highs.

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Clovis Oncology Inc (NASDAQ:CLVS) had another great trading session on Friday and this stock could continue to impress. Still on my watchlist.

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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18:28 | |

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  • I'm a 45 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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