AC Investor Blog

Stocks to watch out for next week

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Blackberry (NYSE:BB) broke out Friday on decent volume and closed above the declining EMA200 for the first time in weeks. Friday’s high reflects resistance for this next upside move. If the stock can break through resistance, we should see another upside move as traders buy up the stock. Technical indicators are also giving the bullish signs. Next major resistance lies at 5.84. Keep it on your watch list going forward.

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Nice retracement to the breakout zone after a huge gap up earlier this month. SilverSun Technologies Inc common stock (NASDAQ:SSNT) is a possible trend reversal trade, if it breaks the 3.58 resistance area. Looking at the 4h chart the near-term outlook is positive. ADX is starting to point up and the RSI is also moving higher, which is a sign of growing strength in the stock. MACD is also giving a positive indication. SSNT will move quickly, so keep it on your screen next week. Im long.

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TMBR has reached extreme oversold readings that in combination with other factors (RSI shows positive divergences, Gap to fill, Deutsche Bank Ag and Morgan Stanley have purchased some shares this month Form 13F, etc...), including the investor conference could trigger a sharp bounce. I took a position on Friday.

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NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) is screaming for a bounce opportunity and I think we can see some nice moves ahead. Technically the MACD Hist is showing a bullish divergence and the RSI is beginning to curl back up, these are the perfect conditions for a short-term rally.

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TOP Ships (NASDAQ:TOPS) Watch the break of this flag for a new leg up targeting the $2 area. Stock has been under accumulation.

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Adial Pharmaceuticals Inc (NASDAQ:ADIL) remains oversold and is gaining momentum. I believe it is ready to post a nice bounce and I do not see any strong resistance on the technical chart until 1.92. Daily technical indicators are showing signs of turning around, with the MACD histogram showing the selling momentum started to diminish and the RSI starting to turn up from deep oversold levels. We have all seen how quickly this stock can head higher, when the buyers come. Play the bounce.

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VivoPower International (NASDAQ:VVPR) had a remarkable move up on Friday with very high volume. The heavy buying makes this an interesting situation and one worth watching on Monday. I believe we will see some nice follow through and a move to $10 appears likely. Definitely on watch.

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ExOne Co (NASDAQ:XONE) had a very bullish move on Friday breaking several resistance lines with large volume. Buyable on a pullback to the pivot.

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Marathon Patent Group Inc (NASDAQ:MARA) had a very bullish move yesterday on solid volume. Any break and close above 2.75 would validate this potential trend reversal.

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, BB, MARA, NBY, SSNT, TMBR, TOPS, VVPR, XONE

20:15 | Permalink |

Chart setups on my watchlist for the coming week

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Vir Biotechnology Inc (NASDAQ:VIR) on Friday broke above the resistance line of a sideways pattern on a move up 4.14 or 11% to 41.46. The stock was up another dollar in the aftermarket. A move above the 42.4 level would confirm the breakout and continuation of the uptrend towards an initial target of 48. Daily technical indicators are looking bullish, and showing upward momentum.

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OpGen Inc (NASDAQ:OPGN) is positioned for an upside move above the $2.25 resistance line. The stock has been basing inside of a sideways channel pattern for the last couple of weeks. That pattern has seen the stock trade between $2.25 on the upside and $1.87 on the downside. With the daily technical indicators starting to turn bullish, if the key resistance level is crossed and the stock is able to sustain above this level, then it might go to $3.25

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Qualigen Therapeutics Inc (NASDAQ:QLGN) I think the risk of continued downside is a lot less than the possibility of a sharp oversold rally or big bounce at current levels. Buying stocks at or near their all-time lows, especially ones like these names that have not experienced much of a bounce recently, is a great way to find profitable trades on low float plays. In addition, the daily MACD triggered the short-term buy signal on Thursday. If the chart's history is any clue, this stock will post a sharp rally again from this major support. NOTE: This is a coronavirus play.

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Applied DNA Sciences Inc (NASDAQ:APDN) is another stock I am watching closely. It can pop big time on any positive news. Price broke the descending channel on Friday formed since the price reached the highs of 16.39. From a technical standpoint, the chart is displaying positive divergences on momentum indicators and with the stock oversold, these are the perfect conditions for a short-term rally. The RSI has also reversed the course and the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. I would look for a move up to $9.02 resistance very soon.

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The technical chart of CAN FITE BIOPHARMA (NYSEAMERICAN:CANF) looks fairly appealing for a possible short-term trade. The stock is now displaying positive divergences on key momentum indicators and is poised to move higher from these levels. Nearest resistance for the stock is at $1.83. If this level is crossed and the stock is able to sustain above this level, then it might go to $2.20. Keep an eye on CANF next week.

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NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) seems to be a promising mask play to follow. The volume over the recent days has dramatically increased. There are some days when the normal avg volume is reached in the first two hours of trading, which means someone is accumulating a huge amount of shares for the coming days. If it breaks above 1.06, we can easily run to 1.50. Keep NBY on your screen for Monday’s trading session.

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Cocrystal Pharma Inc (NASDAQ:COCP) is another stock I am watching closely. The stock has pulled back on low volume after a big run-up, a healthy sign suggesting that it will resume the uptrend. Despite recent pullback, the daily RSI remains above 60 levels and may support the bullish argument. Additionally, the MACD still shows the stock is on the positive swing. Long setup on watch.

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Put SINTX Technologies Inc (NASDAQ:SINT) on your agenda next week. The company yesterday announced that in a controlled laboratory study, the SARS-CoV-2 virus was inactivated when exposed to SINTX’s sintered silicon nitride powder. The Company expects to share additional data soon, once the findings are published in a rapid-review forum. From a technical standpoint, the stock is still consolidating and may still have a chance to move higher here. If the stock moves above 90c it could rise to 1.32. Technical indicators are in bullish zones.

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Arca Biopharma Inc (NASDAQ:ABIO) is getting ready to come out of a basing pattern in the next few days. A close above $7.25 gets the party started.

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: ABIO, APDN, CANF, COCP, NBY, OPGN, QLGN, SINT, VIR

13:51 | Permalink |

These are some setups for upcoming week

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The strong move in Sorrento Therapeutics Inc (NASDAQ:SRNE) shares was something that I tweeted Friday in pre-market as a potential big percentage mover. If you were following my twitter account you would have gotten the tweet when the stock was trading around 3.90. If you jumped in and booked your profits, congratulations. I sold all my old position, however it seems that we could see more gains going forward. Looking at the 5m chart the stock formed a trading range in the 6.5 to 7.5 region. A break up will bring the price to repeat the test of 9. Break down, will allow the bears to go to 5.74-5.33

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Forward Pharma (NASDAQ:FWP) This 6.29 stock was trading over 12.7 a share less than 3 weeks ago. That being said, and technically speaking, the odds suggest a bounce is in the cards next week. In addition, the stock has reached a major support level, where it bottomed out several times before. From a technical standpoint, the stock price is showing signs of a bounce and next level of resistance according to this 30m chart is at 6.40. The final hour bounce off the lows on Friday was a bullish signal and gave the bulls an indication that this bounce may be the start of something much bigger to come. You need to watch this stock closely on Monday because it could break resistance and rise to 7.2 range.

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Rallied hard Friday on heavy volume breaking several key resistances areas. If it clears back over 1.52 next week, may have some good upside. I tweeted the potential brekout on shares of Ibio Inc (NYSEAMERICAN:IBIO). Congrats to those who paid attention. Short-term technical indicators are strong.

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Francesca's Holdings Corp (NASDAQ:FRAN) is a stock I think deserves some watching over the coming sessions for a potential short-term reversal. Watching for $2.70 breakout. All key momentum indicators are in favor of an upward price movement. FRAN will move quickly, so keep it on your screen next week.

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Therapix Biosciences Ltd (NASDAQ:TRPX) There is a lot of volatility but the daily chart shows accumulation. Who is buying? Morgan Stanley reported a 5.1% passive investment last month. As i said several times, this stock should be trading abv 50c imho new CEO, different ideas, Nasdaq extension, offering closed. The company is on the turn-around and I expect the price to lead the charge. Im long.

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I have already outlined the many reasons why I like SG Blocks Inc (NASDAQ:SGBX) on Twitter. At 2.4 this stock, in my view, offers a tremendous opportunity to profit in the short-term. Yesterday, company tweeted that Osang Healthcare Co, the first South Korean testkit maker to receive authorization from the U.S. FDA, is ready to ship kits that can test 100 million people in the U.S. for Covid19 and SG Blocks is honored to be a distributor. Plus, in after-hours the company announced the closing of the issuance of an additional 900,000 shares of common stock pursuant to the exercise in full of the underwriters' over-allotment option in connection with its public offering that closed on May 11, 2020, which is a clear sign of investor interest. From a technical standpoint, MACD is starting to curl up, the grey histogram bars are starting to turn back to zero, showing that the recent downtrend is changing in the opposite direction. That trend change for SGBX is just getting under way. Yesterday, I increased my long position.

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PayPal (NASDAQ:PYPL) A bullish consolidation on the 4h chart, potentially offering a breakout opportunity.

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NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) I think I've been doing remarkably well spotting these small bottom charts lately. Is this the bottom? Thats always the risk, it could fall further, but from a technical perspective we could see here possible double bottom formation on hourly chart. In addition, MACD is also curling up and RSI is turning up below 50. Im still long.

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Novavax, Inc. (NASDAQ:NVAX) looks to be forming another bullish consolidation before more possible upside. The stock needs to digest the recent gains and work out the overbought condition with a correction or consolidation. Breakout watch over 46 SL 36

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Amyris Biotechnologies (NASDAQ:AMRS) successfully back-tested the recent breakout zone and bounced nicely. The stock has a bullish setup in play and as long as price holds $2.98 there is no reason not to be bullish here. Long setup.

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Vermillion, Inc. (NASDAQ:VRML) broke out of an important consolidation area with heavy volume and will likely have the attention of the swing traders in the next sessions. Buyable on any pullback to pivot.

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: AMRS, FRAN, FWP, IBIO, NBY, NVAX, PYPL, SGBX, SRNE, TRPX, VRML

21:11 | Permalink |

Eleven Bullish Setups for the coming week

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SG Blocks Inc (NASDAQ:SGBX) is trading at around the $4.07 range and a strong break past this level could generate a significant upswing. Hence, based upon current fundamental and technical factors, I believe that this stock could make an explosive move upwards, especially based upon the company’s recent developments and future possibilities. SGBX could be considered one of my favorite plays for the coming week after a strong performance Friday on a big red day for the overall market. I believe that the recent bullish activity could be a magnet for traders, since they have begun to increasingly focus not only on the company new partnerships but also on this healthly pullback, which has resulted in a recent solid increase in trading volume. From a technical perspective, the stock is trading very near to its EMA200 on 4h chart, and it could gain strength going forward given the recent strong rally. The 4h RSI is another indicator suggesting the upward potential that the company’s market valuation is currently possessing, currently at a 57. Plus, we have begun to notice a shift in the 4h MACD (indicating positive momentum of investments towards SGBX) and ADX is starting to move up again (it signifies that the bullish momentum is building on this stock). Put this stock on your radar and watch it trade.

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Edison Nation Inc (NASDAQ:EDNT) Could make strong move upwards on light resistance. The stock has been in a rectangular pattern that could accelerate to the upside if it breaks above 2.25 As i tweeted on Friday, i took a long position on the name. With the spike in volume on Friday, and momentum surging, there is a high possibility that EDNT can appreciate in value during the coming days especially if resistance proves to be as light as indicators suggest. Put the symbol on your radar.

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Milestone Pharmaceuticals Inc (NASDAQ:MIST) moved up just over 31% on Friday with steady accumulation closing into the GAP. With the stock witnessing increased volume and technical indicators pointing up, this stock could have more room to increase next week. Keep MIST on your trading platform and watch it trade.

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iFresh Inc (NASDAQ:IFMK) is again approaching key resistance at 1.4 for the fourth time in 3 weeks. A break above this level could move the stock significantly higher as it attempts to break out of a rectangular pattern in place since its early April lows. MACD and RSI are in neutral zones, but showing a bit of upward momentum. Also the chart shows a golden cross, a very bullish formation. This Masks play deserves some attention next week.

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Cemtrex Inc (NASDAQ:CETX) broke this descending channel and have now held above 80c since. While the recent pullback has been deeper than i desired, the price has successfully tested the breakout and is setting up for a firm run to test the EMA100 around the $1.10 area in the coming days. If the resistance is as light as it appears, early entrants could yield strong gains. Definitely on watch. Im long.

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Waitr Holdings Inc (NASDAQ:WTRH) The current uptrend is further reinforced by the fact that price bounces off the rising EMA9 and continues making higher highs and higher lows. Daily technical indicators are turning bullish. Daily MACD has crossed above its signal line in positive zone and RSI is in neutral zone, but showing a bit of upward momentum. All short-term EMAs are rising, and the stock is trading above them in a short-term bull market. The stock needs to convincingly cross above its intermediate top of 1.58 to technically confirm the reversal.

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Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC) I still like this stock for a nice rebound in price. It has held its current range while smart money is accumulating shares. I wouldn't be surprised if this stock popped 20-30% in one session soon, like MIST.

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Ocugen Inc (NASDAQ:OCGN) closed 7.35% higher to 33c after consolidating over 2 weeks within the narrow range. Friday's rally was driven heavy volume and positive money flow. The volume was the highest in about four months and nearly 10x its average volume. RSI has bounced back from 40 and MACD indicator is on the verge of crossing its signal line. The stock has light resistance going forward, with the next resistance 45c. I believe OCNG's recent trade history speaks for itself. Ready to make another solid uptick imho. Play what you see.......

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Remark Holdings Inc (NASDAQ:MARK) I brought to my readers/twitters attention at 30c in March and i was very criticized. It hit 61c on Thursday, doubled in just 5-6 weeks, not a bad investment when you have conviction. As Wareen Buffet says "The stock market is a device for transferring money from the impatient to the patient." ;) From a technical perspective, as long as the 48c support holds, the bias remains to the upside.

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NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) looks right on the brink of a breakout. The likely breakout from the consolidation zone is upwards. The stock closed Friday at 94c and I think any breakout would bring $1.2 and better into focus. It has been consolidating sideways within a 10c range for the past two weeks. All major EMAs are rising, and the stock is trading above them in a bull market. Watch NBY trade since it could provide solid gains.

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Sientra Inc (NASDAQ:SIEN) had another impressive trading session on Friday. The recent consolidation is nearing an end and the stock seems ready to embark on its next leg higher. Breakout watch over 2.85

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: CETX, CYCC, EDNT, IFMK, MIST, NBY, OCGN, SGBX, SIEN, WTRH

17:16 | Permalink |

Potential nice swing trade Ideas for the coming week

Dearest readers, followers and friends,

My Twitter profile has been cloned over the past weeks/months by imposters that duplicated exactly all my tweets, image and purchasing followers to be popular in the eyes of newbie investors.

I would take this opportunity to inform you once again that i have just:

1 official twitter account: @ACInvestorBlog currently with 46k followers and more than 118k tweets.

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Everything that you find on the internet that does not match these metrics are not mine and please report to Twitter. Together we can win this fight or minimize their strength. Thanks all so much….I've received over 100 emails in the past week, sorry for the delay of reply, im doing my best but I don't have time to answer everybody's questions about trading or anything else.

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Moderna Inc (NASDAQ:MRNA) yesterday broke out of a bullish pennant formation that has been a pause in its steep, more than 45% up move in April. A break of 51.84 would confirm the continuation of the trend and should lead next to a target zone of 59-60 Moreover, the MACD Hist is also confirming this upward bias by providing a bullish divergence. Long setup.

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Inovio Pharmaceuticals Inc (NASDAQ:INO) has been in a steep rise ever since it breached resistance of 9.32 on strong volume accumulation. Though this upside move is a bit extended especially if we look at the daily RSI, it is important to keep in mind that overbought conditions do not necessarily mean bearish, but merely implies that a stock has risen too far too fast and might be due for a pullback. However, also would like to point out that I see no strong resistances till $19 level mark. Definitely on watch next week.

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NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) is looking good to me. Im very pleased about how the stock has pulled back to its major support zone after its large move in the middle of this month. For the coming week, a breakout above the 99c level would signal the start of a new uptrend that could potentially test the recent highs around the $1.20 area. You do not need much digging to see that the stock has very strong bounce potential here. On watch.

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The strong move in Microbot Medical Inc (NASDAQ:MBOT) shares was something that I predicted and tweeted the potential breakout on Thursday. If you were following my official twitter/Stocktwits account you would have gotten the tweet when the stock was trading at 5.73. It ended the day at $9.20 on Friday, gaining nearly 47%. If you jumped in and booked your profits, congratulations !!

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Zosano Pharma Corp (NASDAQ:ZSAN) is positioned for an upside breakout from a narrowing trading range. The stock has been consolidating the 65c/75c range for several days. An ideal entry would be just above resistance, which would confirm the breakout and continuation of the uptrend towards a target of 95c/1.02. However, on Friday i already took a long position on stock before it explodes higher. Technical's are looking up as we see only minor resistance at 75c. Looks like this stock is poised for a strong breakout at any time now! On watch.

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BIO-key International, Inc. (NASDAQ:BKYI) made a strong upside reversal yesterday. We should be able to see some decent upside movement for the bulls here next week. A positive MACD cross has also occurred and RSI is moving up. Expect an initial run up to 99c with a break higher moving to the 1.2 zone.

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I bought the pullback in Polar Power Inc (NASDAQ:POLA) at 1.55 avg price. Next target to break is 1.65 and then we should move to 2 quickly.

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Toughbuilt Industries Inc (NASDAQ:TBLT) The accumulation on the chart is telling us people are buying and the selling is light. I would keep a close eye on this stock, as it could really break out from current levels. I think at some point soon this stock will break out hard to the upside to test once again the declining EMA100 now located at 2.04

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Synlogic Inc (NASDAQ:SYBX) had a strong day on Friday and broke through its resistance line on decent volume. The outlook is now bullish and the stock appears on course to move to the target zone of the 2.8-2.94 range.

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iFresh Inc (NASDAQ:IFMK) is on the verge of really blowing up. I would not be surprised to see the stock test the $1.85 level at some point over the next few days. The daily technical chart sure shows a possible reversal in trend coming. Daily MACD is narrowing its trajectory to move towards positive crossover. 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: BKYI, IFMK, INO, MBOT, MRNA, NBY, POLA, SYBX, TBLT, ZSAN

18:55 | Permalink |

AC Investor Blog

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

Saturday, August 29, 2020

Stocks to watch out for next week

Sunday, June 21, 2020

Chart setups on my watchlist for the coming week

Saturday, May 16, 2020

These are some setups for upcoming week

Saturday, May 02, 2020

Eleven Bullish Setups for the coming week

Saturday, April 25, 2020

Potential nice swing trade Ideas for the coming week

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