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Saturday, February 08, 2020 

8 Setups to watch next week

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Tesla, Inc. (NASDAQ:TSLA) stock seems to be basing on the 15m chart around its short-term EMAs as the recent downtrend looks to finish, and a break past the $760 resistance could mark a short-term reversal of the price action. On the other hand, if the stock breaks the support in the low 722's on heavy volume,it can go down again to 685-680

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CounterPath, Corp. (NASDAQ:CPAH) is another stock I am watching closely. The stock broke out on volume last week with no news confirmed by a Bullish MACD crossover on the 4h chart. The next major resistance levels are $2.46 and $3.15. If this rally does come to fruition a quick 30-50% gain, possibly much more, is not out of the question. I doubled my position on Friday. As i tweeted, im expecting more positive news from the company very soon.

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Tetra Tech, Inc. (NASDAQ:TTEK) broke out from a sidewards movement last week creating a significant amount of bullish potential. The daily technical chart above shows very strong upward momentum as the stock is above the 20/50 and 200-day exp moving averages. All indicators still point to a bull market. The measured move of the pattern yields a price target in the range of $97 to $98. Looks buyable on dips to around 91

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My Size Inc (NASDAQ:MYSZ) showed relative strength ended Friday green despite indices being red, breaking a falling wedge pattern. Lets see if we can get a move back over $3 next week. Volume history shows this stock won't need too much buying pressure to explode higher.

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Sunworks Inc (NASDAQ:SUNW) the company has done so many positive things in the last months including reducing the outstanding balance of its $3.0 million senior note due January 31, 2021 by $1.5 million. Currently at 90c this stock could be one of those huge penny stock runners. Patience is difficult in this particular market but can also pay of handsomely. I took a big position on Friday. The rising of the money flow index is telling us something ;)

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Twitter, Inc. (NYSE:TWTR) Buy or sell the break of the trading range on the 15m chart. No clear direction yet. A break up will bring the price to repeat the test of 38.5. Break down, will allow the bears to go to 35.

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Vaxart Inc (NASDAQ:VXRT) has been basing for more than two weeks now, and is trying to gain sufficient momentum for a breakout. If the stock clears resistance at 1.25 the move may be powerful. SL $1

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Pacific Gas and Electric Company (NYSE:PCG) may be ready to break out of this sideways consolidation. Potential swing long above 17.46

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 15, 2018 

Technical Setups for the Week of September 17, 2018

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Nio Inc - ADR (NYSE: NIO) China's NIO, one of the many electric-car startups looking to become the next Tesla couldn't have wished for a better time to have such a fantastic start. The stock closed the week with a gain of nearly 55% since the first day of trading. The stock pulled back around 15% on Friday, however it's still trading heavy volume and is dificult to predict the next direction in the short-term. Above you can see the 15m chart with the technical pivot points. If the $9 level holds on we can see a huge rally to the next possible demand zone. So, lets wait and see what the stock does in the coming days.

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Tilray Inc (NASDAQ: TLRY) also continued its heavy action last week. The question will remain can it continues to perform? The stock found strong support near its trend-line on the hourly chart as it should have, and thus, this is clear an encouraging sign for a rebound from these levels, so play carefully with stops under it.

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Tesla Inc (NASDAQ: TSLA) is in breakout mode after working its way off its 4-month lows, and I expect continuation of the current trend in the coming days. MACD is also supporting up trend movement. Positive signals from RSI as well. Next resistance area is the 310-315 range, which is also my first trading target.

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Onconova Therapeutics Inc (NASDAQ: ONTX) a stock I brought you this past weekend is just starting to move off its bottom. It jumped 7.91% Friday on volume triple than the average, crossing the 100-day exponential moving average and breaking key resistance at $.50. These signs show high probability for continuation of current momentum. My short-term target range for ONTX is between $.60 and $.63 (As i tweeted, I went long at 48c)

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My Size Inc (NASDAQ: MYSZ) My bottom scans, specifically on small caps are not a perfect science but usually works. What they do offer are small cap stocks that potentially are poised to rally off their lows. As you know, some of them continue to fall even in extreme oversold conditions, while others can and have rallied sharply the next days. MYSZ was a good example, it did not rally the day after it came up on my scan (July 24th on a blog post), but it did offer those who didnt know about the company a chance to look at the stock chart and see if they want to trade it for a recovery rally. Those that did in July are up some 80% :) Patience paid off.

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Fortress Biotech (NASDAQ: FBIO) Is this a double bottom? That is the risk, it could fall further, but the positive divergences in the key technical indicators are suggesting a short covering rally at any time. I wouldn't be surprised if this stock popped 15-20% in one session soon. Note: Big boys purchased a lot of shares in August (including Morgan Stanley, DB, Goldman Sachs and JPM). I went long on Friday.

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GreenTree Hospitality Group Ltd - ADR (NYSE: GHG) may be starting to turn higher. Yesterday, we had strong buying volume and the stock looks poised to break out of its three month slump. In addition, it broke the short-term downtrend channel. We could see a sharp rally out of these oversold conditions.

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Ceridian HCM Holding Inc (NYSE: CDAY) caught my eye on Friday due to its bullish posture without looking overbough. The stock may be close to breaking to new highs again. Volume is starting to pick up and there could be a decent short squeeze if it clears June highs.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) appears to be setting up for higher highs on hourly within a large ascending channel. It remains on watch for further gains.

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Sierra Oncology Inc (NASDAQ: SRRA) was over $3.6 in June and closed Friday at $1.79. The stock is back at the bottom area and could provide another great swing trade. I bought shares last week. A break and close above the 1.85 level next week could move the stock significantly higher as it attempts to break out of this bottom pattern in place since mid-August. On watch.

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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Tuesday, July 24, 2018 

Stocks to Watch for July 25, 2018

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Social Reality Inc (NASDAQ: SRAX) has formed a clear resistance level around 5.85 as part of its uptrend, setting up yet for a possible resistance breakout trade. Short term indicators are Bullish. A new buy signal would be given on a break above that resistance, with the next pivot resistance at 6.21. Support is at 5.19 and 5.05

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Apple Inc. (NASDAQ: AAPL) is getting ready to come out of a consolidation pattern. A close above $194.20 gets the party started.

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Evofem Biosciences Inc (NASDAQ: EVFM) I am a patient investor here. I really like this setup, descending channel with positive divergences on MACD while the accumulation line is also rising (money flowing into the stock). It is held by major institutions. Last month, Oppenheimer initiated coverage with an Outperform rating and $9 price target. They have a great pipeline.

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My Size Inc (NASDAQ: MYSZ) has created an interesting daily chart with the descending trend line broken today, which should be considered as a very bullish sign. Considering the recent breakout, the stock price looks promising and has potential to move back to its June highs in the coming trading sessions. I alerted several times on Twitter around 85c for a potential big bounce. Stop 92c

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Ageagle Aerial Systems Inc (NYSEAMERICAN: UAVS) another great alert on Twitter today around 1.80. Important to see how this acts over the next few sessions. Immediate resistance is at 2.2 (EMA100). Break above that level could trigger further bullish momentum towards $2.4 area.

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Arcadia Biosciences Inc (NASDAQ: RKDA) there are some signs of a possible bounce here due to the positive divergences, which often leads to short covering. If the stock price can break through today’s high of $7.32, we should see a strong follow through move. Let’s see whether the stock can gather enough momentum to break through that key level. On watch.

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Another day, another winner. I love the small cap market right now. After seeing a nice breakout from a bullish consolidation pattern yesterday for my alert, we saw another huge run today for Riot Blockchain Inc (NASDAQ: RIOT). I took profits today, but i will re-enter on any pullback to the pivot zone.

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Boxlight Corp (NASDAQ: BOXL) looks like is close to attempting a new breakout. The stock hit a high of $5.5 but failed to close above 4.54 (EMA20). I expect to see a high volume move once the stock breaks through resistance again, as traders are watching this stock closely.

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Baxter International Inc (NYSE: BAX) hit a new 52-week high, trading as high as 75.72, before settling at a close of 75.54. I'll be watching the stock on Wednesesday looking for a follow through move.

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, July 21, 2018 

Stock watchlist for next week

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Cleveland-Cliffs Inc (NYSE: CLF) broke the neckline of a cup and handle formation on high volume. Any pullback to the 9.15-9.3 area, offers a low risk entry opportunity for these types of trending stocks. Long setup on watch.

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Energy Fuels Inc (NYSEAMERICAN: UUUU) caught my eye on Friday due to its bullish posture without looking overbought and overextended. It may be close to breaking to new highs again. The stock has been consolidating the past few days and just recently started inching above most of the consolidation zone. Volume is starting to pick up again and there could be a decent short squeeze if it clears the June high. Clearing $2.65 could be the beginning of a move to new highs. On watch.

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Gilead Sciences, Inc. (NASDAQ: GILD) Watch this bullish flag formation, with a buy stop at 78.17

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Riot Blockchain Inc (NASDAQ: RIOT) looks good over $6.67 on volume. The short-term uptrend is intact and signals further bullishness on this stock. The stochastics have turned up and RSI is now back in a neutral position. All short-term indicators are in upward path.

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My Size Inc (NASDAQ: MYSZ) Technical chart is showing a possible bottom here, %K line has crossed on top over %D line while RSI is still at oversold level and MACD crossing up. Watch MYSZ again next week, and once it breaks resistance at 92c we should see a strong upside move. You should keep this stock on your screen radar.

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SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) rallied to a new high. As long as the stock trades above $55 I will be looking for long opportunities.

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Apple Inc. (NASDAQ:AAPL) looks to be setting up for an upside move, as the stock has held up well the past few days. It is in the top of a short-term trading range. Resistance is $192.65. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. Stay tuned.

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Paypal Holdings Inc (NASDAQ: PYPL) shares may be in a consolidation phase following a nice trend. Looks like it will move up again. Keep an eye for a possible breakout over $89.19

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Dover Corp (NYSE: DOV) broke through resistance at $80.26, but was not able to gather must momentum. Wait a clear confirmation.

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Ekso Bionics Holdings Inc (NASDAQ: EKSO) has shown increased trading activity and signs of being under accumulation or being bought, by institutions. I truly believe that shares have room for a significant uptick beyond these levels. Technically speaking, the stock is setting up to move higher and could break the $2.20 mark anytime soon, something that could attract more traders to jump in and push shares even higher. Keep in mind, EKSO is a sympathy play of RWLK the stock that rose 68% on Friday.

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ContraVir Pharmaceuticals Inc (NASDAQ: CTRV) was over $1.75 last month and closed Friday at $.909. We could see a sharp rally out of these oversold conditions. I entered long.

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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Thursday, July 12, 2018 

Seven trading ideas for Friday, July 13

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Izea Inc (NASDAQ: IZEA) shares successfully broke this falling wedge pattern with unusual volumes. A move past $2.77 (EMA200) would be a strong indicator of a further uptrend.

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Another great day for Spotify Technology SA (NYSE: SPOT) as it breached new highs. The stock closed higher for a 6th day on volume. The trend continued higher based on the strong technicals.

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There is a potential breakout scenario developing on the daily chart of My Size Inc (NASDAQ: MYSZ). Similar pattern as IZEA before today's massive rally, lets see if MYSZ will be the next low float to explode higher. I entered long today. Note: MACD and RSI charts are flashing bullish signal.

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BIOCEPT INC/SH PP (NASDAQ: BIOC) Volume ran lighter than Wednesday's session, which is what you like to see on pullback days, especially after yesterday's big accumulation day. If the stock can break today’s high of $7.55, we should see a strong follow through move.

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Vivint Solar Inc (NYSE: VSLR) had a very strong day, breaking out above the $5.4 level on heavy volume. As long as it can hold this level, it looks good. Technicals are showing bullish signals supported by positive MACD and A/D indications.

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vTv Therapeutics Inc (NASDAQ: VTVT) could be in the early stages of a technical breakout. Breakout watch over 1.72

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Twitter Inc (NYSE: TWTR) coming back for another test of resistance.

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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Monday, April 16, 2018 

Possible long setups to watch closely - Small caps

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Helios and Matheson Analytics Inc (NASDAQ: HMNY) Another day, another winner. I love the small cap market right now. Congrats to those who jumped into the game early. The symbol is buzzing on social media and from what we've seen so far, this stock could be far from done. I'm keeping a close eye for any type of minor pull-back to add more.

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CDTi Advanced Materials Inc (NASDAQ: CDTI) looks to be starting what I think will be an impressive run off its bottom. MACD is curling and RSI is turned up off the bottom (positive divergences). A reasonable bounce target is $1.20

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My Size Inc (NASDAQ: MYSZ) is again a breakout candidate, as major resistance is under pressure. The daily chart shows a bullish sign. A breakout over $1.5 with strong volume would send this flying.

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Avinger Inc (NASDAQ: AVGR) Breakout Imminent. The stock seems to be looking for a reason to push it upward towards 1.65 where next resistance is formed.

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Nice breakout on Microvision, Inc. (NASDAQ: MVIS) with strong volume. Momentum picking up with MACD climbing and RSI rising. Look for a quick run to $1.4 then on to $1.6

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 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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