AC Investor Blog

Stocks to Watch for December 19, 2019

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Atossa Genetics Inc (NASDAQ:ATOS) had a nice move Thursday on above average volume and I expect to see a continuation move today. With the 100-day EMA sitting close to $1.73 and the 200-day EMA over $1.99, this stock has a lot of room to run on any rally. The technical indicators are reversing up and are advocating for a technical rebound. Long setup on watch.

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The money seems to be flowing into ShiftPixy Inc (NASDAQ:PIXY) again as indicated by the OBV. With no clear resistance between $8 and $12, a break above the $7.99 level (Wednesday's high) can see the stock trade in the $10 area pretty soon. Keep this stock in your watchlist.

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McDermott International, Inc. (NYSE:MDR) broke above the key resistance line of this sideways pattern on a move up 30 cents to $1.08. A move above 1.14 would confirm the breakout with the next target of 1.45 and then 1.57. From a technical standpoint indicators are looking slightly Bullish. The MACD indicator is above the signal line but rising in negative territory. The Slow stochastic and RSI are well inside their Bullish regions. A stop loss should be placed at 87c.

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New Age Beverages Corp (NASDAQ:NBEV) should get some action today after the company's Director HAAS TIMOTHY J reported a big insider purchase of company stock. A break and close above 1.98 could likely lead price to rip up to 2.45

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LMP Automotive Holdings Inc (NASDAQ:LMPX) May have put in a short term bottom. MACD on 30m chart is showing signs of a stabilization. I'm stalking this stock to see if it clears the $24 level again.

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Akers Biosciences Inc (NASDAQ:AKER) Daily Technical indicators are displaying positive divergences and I think we could see a strong reversal over the coming days. The stock price sits right at its 52-week low and has fallen from over $15 a share to the current $3 price. Yesterday's heavy volume could be signaling a temporary bottom.

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The chart of Rite Aid (NYSE:RAD) caught my eye today. On the above technical chart, we can quickly see that the stock is forming a descending channel waiting to be broken. A breakout from the upper trend line of the channel can trigger a sharp upside move towards 9. Long setup 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

Labels: AKER, ATOS, LMPX, MDR, NBEV, PIXY, RAD

11:45 | Permalink |

Tuesday Stocks To Watch

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Immunic Inc (NASDAQ: IMUX) is finally starting to break out. The stock hit bottom in the low $8.60's and has started to work its way higher. On Friday, it was up over 21% on a breakout type move. The stock has a history of vertical rallies, as shown on the daily chart above and if this rally does come to fruition a quick 20-35% gain, possibly much more, is not out of the question. The chart also looks to be turning higher. I think short-term it will break back over $13 and could test $15

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Workhorse Group Inc (NASDAQ: WKHS) looks to be turning the corner on the chart after falling steadily over the last few weeks. Seeing if it will continue its upward move tomorrow. Worth adding to your watchlist. Could squeeze over 1.85

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Outlook Therapeutics Inc (NASDAQ: OTLK) I covered this stock on my blog and twitter as a potential bottom play this month. The stock is up over 200% since I brought it to my readers. It was one of the winners on Friday, as the stock closed up 83 cents on the day with high volumes. From a technical standpoint, the stock still in a short-term Bull Market with share price above 9, 13 and 20 EMAs. Watch the break of 3.35 for next leg up.

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Aphria Inc (NYSE: APHA) is displaying a new upside momentum on chart and looks poised to move higher from these levels. Expect an initial run up to its declining 50-day exp moving average at $7.87

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New Age Beverages Corp (NASDAQ: NBEV) I like the idea of getting long here with a stop below the rising 200-day EMA. The MACD is making a bullish crossover and the RSI is also rising. Could pop over 5.65

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Arrowhead Pharmaceuticals Inc (NASDAQ: ARWR) broke resistance to new highs Friday. The stock traded heavy volume as it hit a high of $24.30. This high is the next resistance for Tuesday’s continuation move.

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InspireMD Inc (NYSEAMERICAN: NSPR) Bottom traders are attacking again. There are some signs that the stock is gaining some momentum in recent days. It is well oversold and a bull move is probable for the coming sessions. The technical chart shows some divergences on MACD and RSI. Keep an eye on NSPR and be prepared for this upcoming move.

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Roku (NASDAQ: ROKU) has traded in impressive fashion over the last several trading sessions. For now, buying dips are working well. Traders with short-term perspective can hold the stock as long as it trades above its uptrending 9-day exponential moving average.

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: APHA, ARWR, IMUX, NBEV, NSPR, OTLK, ROKU, WKHS

19:55 | Permalink |

Interesting chart setups to watch next week

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Bio-Path Holdings Inc (NASDAQ: BPTH) should be on your radar screen Monday following news the company submitted a request for withdrawal of registration statement. Closed in after hours at $22.09. From a technical standpoint, the stock has been forming a nice base above the rising EMA50 marked at yellow. If this pattern is resolved on the upside, the stock can potentially test $25 levels. The short-term support is seen at $14.76 levels.

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Sphere 3D Corp (NASDAQ: ANY) Low float stocks continue to get lots of attention and im trying to play all the best setups, keeping my focus on these small names, because the returns could be tremendous in this enviroment but always using tight stops. I've seen low float stocks run on nothing, no news, no material events so I would not be surprised to see also ANY get a nice push based on this great bottom pattern. The stock looks ready to break out some point soon, and with the low float it won't take much buying pressure to get this stock back to where it belongs. After trading below its EMA50 ANY has broken out of that moving average placed on its daily candlestick charts in yesterday’s trade on volume. Im accumulating with a stop loss being placed below 2.4 and going forward we can expect a target of 3.4-4.

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Midatech Pharma (NASDAQ: MTP) has retraced most of its recent gains and looks ready to renew its bullish momentum. MTP is currently forming a falling wedge pattern, indicated by the two unparallel black lines in the chart above, while MACD Hist is displaying a positive divergence. That said, the stock should attempt to knock out the upper trendline of the falling wedge pattern and rally towards $3.5 as its primary upside target.

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New Age Beverages Corp (NASDAQ: NBEV) has been pulling back forming a potential bull flag formation on hourly and finding support in the 5.5 levels. Pullbacks are a normal part of an uptrend after a huge rally. This suggests that stock should resume to the upside as far as dips stay above 5.30. Lets see how this plays out next week.

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Atossa Genetics Inc (NASDAQ: ATOS) could get hot in the coming days and weeks. The continue to trade sideways, but I am seeing a lot of strong bullish signals, such as the Golden cross and the huge accumulation on the A/D indicator. Add this stock to your watchlist.

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Parsley Energy Inc (NYSE: PE) broke out of a consolidation that has been building for about 3 months on volume, and based on one market theory the stock is set to soar higher. Next major resistance lies at 21.37

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Second Sight Medical Products Inc (NASDAQ: EYES) after a nice pullback on Thursday the stock is back on the upswing. There could be more big gains on the way for this stock, and its worthy of getting recognizition on the watchlist. Next pivot resistance point is 1.2

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Navios Maritime Holdings Inc. (NYSE: NM) has come out of no where the last few sessions gaining nearly 80% in just two weeks. Volume and price is on the rise and that means you should be adding this name to your watchlist. As I always say, follow the smart money. I will be waiting for a pullback to enter.

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Boxlight Corp (NASDAQ: BOXL) closed up 17 cents and could see an even bigger move if the buyers continue to come into this stock. BOXL has a low float, a great story, and in my view, should be trading well over $4 in the short term. 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

Labels: ANY, ATOS, BOXL, BPTH, EYES, MTP, NBEV, NM, PE

09:45 | Permalink |

12 Technical Setups for the coming week

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In the past few days we have noticed that the stock price of Aphria Inc (NYSE: APHA) has been on a consistent bullish uptick in market valuation. Moreover, along with the market valuation the technical key daily indicators MACD, RSI and A/D have been bullish, rising for the past several days. Additionally, the stock past a key resistance level of 9.45. It is overbought but volume and money flow still building. So, keep watching APHA trade and watch for potential continuation of its recent upward move next week.

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I have Tilray Inc (NASDAQ: TLRY) on my watchlist. It may be ready to break out of this small consolidation. Bullish MACD cross on daily. Potential swing long above 84

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New Age Beverages Corp (NASDAQ: NBEV) Good pattern and accumulation, but I need to see further upside confirmation before adding a new long position. The good side of this stock technically is that MACD is still rising above the 0 line and RSI above its 50% level, so this stock is still bullish for now even if it is still consolidating. Keep an eye for a possible breakout over 7.62 next week to see further gains.

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Nio Inc (NYSE: NIO) displayed some impressive relative strength last week. A break of $8.3 with force might give the stock room to $10. MACD and A/D both signal positive strength and accumulation. The stock is trading above all major EMAs, also a bullish sign. A lot of eyes are on this stock right now, so make sure this is on your radar screens. Squeeze seems imminent.

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Onconova Therapeutics Inc (NASDAQ: ONTX) was another winner for my readers/twitter followers last week. The stock might face a period of sideways action here while it consolidates the gains booked in the last trading sessions.

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Naked Brand Group Ltd (NASDAQ: NAKD) has started to see some activity after a long period of hybernation. The stock broke the downtrend line last week and it gives a signal that the stock can move upward. Momentum indicators are also supporting the trend reversal. RSI is heading higher from oversold levels and MACD is showing signs of turning up finally. That could generate a lot of additional interest from other traders scanning for bottom plays that could be become solid gainers. Money flow into the stock has been very nice over the past trading sessions. NAKD Could be a BIG Runner, so watch it closely next week. If it breaks next pivot point at 93c can easily run to next target at 1.45 followed by 2.12. I entered long on Friday.

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Inpixon (NASDAQ: INPX) everybody knows that I'm a patient investor. This spec play is basing constructively above the $2 level. The real fireworks should begin if price can break above the $2.29 area. As long as the stock can remain above $2, I like the stock. The MACD line is starting to curl upward, which should eventually lead to price increases. Could be a high flyer on breakout. Keep on watch list. Note: The recent offering was oversubscribed at $3.33

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Ameri Holdings Inc (NASDAQ: AMRH) could be on the verge of making a strong move upwards. Stock closed 12.83% higher to 26c after basing over 1 month. Friday's rally was driven on higher-than-average-volume and positive money flow. MACD indicators are moving higher and on the verge of crossing the power zone. A break of 30c with force might give the stock room to 54c.

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Rewalk Robotics Ltd (NASDAQ: RWLK) was able to break through the 31c resistance level last week and sustained the move. I still holding my shares since 18c and will play the fill of the gap.

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VMware (NYSE: VMW) Keep an eye on this one, looks poised to break out and run higher.

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Infinera Corp. (NASDAQ: INFN) had a nice breakout with a pop of 76c to 5.16 or 17.27% on 7.5M shares, the biggest volume in a couple weeks. The heavy buying makes this an interesting situation and one worth watching on Monday. Nice gap here to fill.

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Axsome Therapeutics Inc (NASDAQ: AXSM) hit a new 52 week high and closed above resistance. As long as the stock stays above the $9 level it is still safe to hold on to your positions.

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: AMRH, APHA, AXSM, INFN, INPX, NAKD, NBEV, NIO, ONTX, RWLK, TLRY, VMW

20:39 | Permalink |

Here are a few setups for next week !! Good luck to all

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Netflix, Inc. (NASDAQ: NFLX) surged 3.98%, yesterday on higher-than-average volume and finished at its highest close in more than 3 months. It closed at 337.59, substantially above key resistance at 332.05, confirming the breakout. Friday's close was also near the high of the day, another good sign and indication of possible continuation of current momentum. On watch.

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Finisar Corporation (NASDAQ: FNSR) over the last three weeks has formed an ascending triangle pattern with a double-top in the 21.9 area, which now represents a key resistance area which could be broken in the next few days. If a breakout next week occurs, we could see a move toward the 23 level.

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BlackBerry Ltd (NYSE: BB) Price appears to be forming a descending channel on its daily time and is on its way to test the resistance at 7.70. If this breakout occurs we could see Blackberry in the 8-8.20 area in the next couple of trading days.

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Inseego Corp (NASDAQ: INSG) broke the bullish flag pattern and formed a new high. Any pullback could be bought by dip buyers.

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This stock has a very interesting technical daily chart and the flu season is in full swing. Any stock that has the slightest bit to do with the flu could see a nice rally this month. The MACD line is starting to curl upward, which should eventually lead to price increases. If this happens here we could see VXRT rally to almost $3.4

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New Age Beverages Corp (NASDAQ: NBEV) is consolidating in a possible large "symmetrical triangle" pattern with short-term bullish tendency, pointing to an impending technical breakout soon. The daily MACD indicator on its daily time frame is also suggesting that upside pressure is starting to resume. The breaking of Friday’s highs would be a buy signal.

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SAExploration Holdings Inc (NASDAQ: SAEX) A nice recovery for this spec play from $2 to $6 last week. The stock remains overbought, however it has some serious momentum on its side. Trading these type of stocks that have large moves to the downside can make for great trades, when they finally rally, as SAEX has done last week. CEI and PED are others that might attract some auxiliary attention next week. Here is the technical daily chart for u guys, I dont own any position on SAEX (unfortutanely) just watching.

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Camber Energy Inc (NYSEAMERICAN: CEI) is a spec play worthy of some attention as well. With some buying volume this stock could soar just like SAEX. As I mentioned in my trading rules article in October, these kind of stocks, are the ones to trade not to invest. In this particular case, i see here an opportunity based on the daily chart for a nice swing trade, which was one of main reasons that made me buying it again at 1.08. Plus, the massive rally on its sympathy play SAEX. Looking at the daily chart, it seems to be forming a potential double bottom and some key indicators are displaying that potential scenario. That said, my strategy is simple. Stop loss at 90c and short-term target 1.43 in case of normal daily average volume. Over 10M shares, my target would be +$2.4 keep it simple. Small cap companies can be a good opportunity because of the cheap share price, but we need to have rules to trade them.

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Bank of America Corp (NYSE: BAC) worth keeping an eye on, may need to build some energy. However, if we reclaim the EMA50 and hold, i expect a rapid move toward $28 area.

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General Electric Company (NYSE: GE) is really starting to get going. I like the way its been trading lately and I think it could hit $10 in the coming weeks, but before that, the stock needs to break this small consolidation area to expect another move to the upside. Long setup on watch.

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Rewalk Robotics Ltd (NASDAQ: RWLK) Nice candle Friday on above average volume. It has a nice gap over 26c. Still on top of my small caps watchlist (added last month around 18c).

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AK Steel Holding Corporation (NYSE: AKS) again closed above its 20-day EMA. This stock ,in my view, looks to be in the early stages of another rally that will bring the stock to over $3 a share.

Note: Small-capitalization stocks are on fire again, so i will be here as long as the momentum is in our favor (keep in my i dont trade OTC stocks). Small-cap stocks generally provide the best returns for day traders, but we need to be aware of the risks. There could be liquidity problems if someone is trying to take a big position in a small stock, so if your account is small, please diversify in order to avoid been stuck in just one stock and use tight stops.

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: AKS, BAC, BB, CEI, FNSR, GE, INSG, NBEV, NFLX, RWLK, SAEX, VXRT

18:21 | Permalink |

Bullish technical setups for the coming week

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Caterpillar Inc. (NYSE: CAT) which had been flagging in November off its upmove from mid-October, from the 112 area to around 135.5, broke out of the flag last week. A break above the descending EMA200 next week, would confirm continuation of the upmove and lead to a target of 145 and then 150. All key indicators are looking Bullish.

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I have been waiting for a while for Apple Inc. (NASDAQ: AAPL) to break this falling wedge formation. It finally did. Now, we need a break and close above 182.8 to confirm a short-term trade reversal. MACD is also curling up. Im looking for a bounce to 195 at least.

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Stryker Corporation (NYSE: SYK) broke this trend line last week on solid volume, maybe it can push up and finally beyond the 179 area. All indicators are pointing upwards.

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Nio Inc (NYSE:NIO) the next move up should break the neckline of the Bullish Inverted Cup and Handle pattern. This could lead the stock to prices around 11

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CorMedix Inc. (NYSEAMERICAN: CRMD) Insiders have been active last week. Stock is trading in the range of 1.25-1.5 and directional movement is expected on a break of this trading range. Stay on close watch for potential swing trade.

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Stellar Biotechnologies Inc (NASDAQ: SBOT) Shares saw unusual volume in Friday's after-hours trading after FORM 10-K. The company had $10.3M in Cash and Cash Equivalents as of Sep. 30, 2018, which is twice of the current market value. Technically, the stock already has a robust set of technicals, including a Bullish MACD crossover on daily. I believe this stock could stage a strong bounce off this area. It will be interesting to see pre market on Monday how it starts out.

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Just like Acasti Pharma Inc (NASDAQ: ACST) that may have bottomed. The technical chart above shows how the stock filled the gap, and then started a new uptrend, closing the above the 70c area. This is a pretty significant break. Could be a new leg higher. With the upcoming conference scheduled for Wednesday, you should keep this stock on your screen radar. Immediate resistances 90c then 1.11

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New Age Beverages Corp (NASDAQ: NBEV) price action finally broke out of a descending channel pattern accompanied by a strong volume expansion, suggesting a trend reversal higher. Worth watching long above 4.82

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Oragenics Inc (NYSEAMERICAN: OGEN) Good break higher Friday, clearing the prior highs on high volume. Short-term technical indicators are looking bullish and the MACD has produced a new buy signal. I see a new impulse higher that projects a rally through 1.75. If momentum continues next week, we could have a nice winner on our hands.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) Nothing has changed yet. Technicals are showing bullish signals supported by rising MACD, Slow Sto and RSI on the daily charts. If the stock is able to cross the 22.3 level and sustain above it, then it might go to +$25. Keep it on your watch list going forward.

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, ACST, AMD, CAT, CRMD, NBEV, NIO, OGEN, SBOT, SYK

17:50 | Permalink |

AC Investor Blog

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

Thursday, December 19, 2019

Stocks to Watch for December 19, 2019

Monday, May 27, 2019

Tuesday Stocks To Watch

Saturday, April 13, 2019

Interesting chart setups to watch next week

Saturday, February 02, 2019

12 Technical Setups for the coming week

Saturday, January 12, 2019

Here are a few setups for next week !! Good luck to all

Saturday, December 01, 2018

Bullish technical setups for the coming week

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