AC Investor Blog

Trade Ideas for the coming week - Happy 4th of July !!

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Cinedigm Corp (NASDAQ:CIDM) had a great move on the upside and closed at $2.09 on Thursday. The stock is setting up to break out and has one more level to go, which is $2.40. It could be a good short squeeze opportunity on any positive news. From a technical perspective, key momentum indicators are showing clear signs of turning around. The 4h MACD is negative and below its signal line, but trying to move up and the 4h RSI has climbed out of its oversold zone. Watch the stock next week, because once it breaks through, it will run fast.

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Genius Brands International Inc (NASDAQ:GNUS) seems to have broken out of a major horizontal resistance on heavy volume that targets a move to 5 in the stock. Technically, the stock is in a bull market and showing signs of wanting to move higher. All three short-term EMAs have started moving up. Thursday’s intraday high of 3.95 is the highest level the stock has touched in more than two weeks. You want to keep GNUS on your screen for Monday’s trading.

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JAKKS Pacific, Inc. (NASDAQ:JAKK) another entertainment play to watch next week. This stock has just started moving higher and established a short term up-trend. Momentum indicators are slightly bullish now with RSI inching away above the extreme oversold level. The strongest sign of a bullish momentum is the MACD indicator which has just started to increase. The ADX is also showing positive signs on the stock. Price is expected to at least rally the next resistance at 92c and even go higher to test the next resistance level at $1.05. The forecast is valid only if the price of JAKK stays above 70c. I took a long position.

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Shiloh Industries, Inc. (NASDAQ:SHLO) traced out a nice setup and the upside breakout has a lot of power. Volume surged and this breakout looks like it is here to stay. There looks to be good upside in SHLO, so keep it on your radar the next few days.

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Electrameccanica Vehicles Corp (NASDAQ:SOLO) is bullish with a lot of hot indicators showing up. The slope of the recent upward move is very steep accompanied by increasing volume. The stock closed at $3.13, up 80 cents (+34.3%) on volume of 129 Million. SOLO has a good looking stock chart and the price broke out from the horizontal resistance mark around $3. All indicators are in favor of an upward price movement. Key intermediate resistance for the stock however exists in the zone between $3.5 and $3.6. This momentum could push this stock much higher from here, so keep it on the radar with a SL at 2.60

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I believe that Sunworks Inc (NASDAQ:SUNW) is poised to continue moving upwards. Thursday's pullback has probably attracted a ton of traders looking for an opportunity to jump into a stock that took a dip. In addition, there are several short and mid term technical indications suggesting that SUNW could make a move to higher levels. The accumulation on charts is huge. I like the daily time-frame for this stock and expect to see another upside move soon.

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Naked Brand Group Ltd (NASDAQ:NAKD) had a pullback into a strong support area and it held up reasonably well. I still like the chart of this penny stock and will watch the stock again on Monday. Resistance stays at 74c for the follow through move. Once it breaks this resistance level, we could see a quick increase in buying as momentum traders jump into this trade. I took a long position on Thursday for another swing trade.

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Workhorse Group Inc (NASDAQ:WKHS) closed the day gaining more than 9% to a new historic mark for stock at $20.91. The stock has been on one of the most amazing runs of this month. At the present level the stock is incredibly extended. Im bullish on WKHS, but in situations like this, I prefer to wait for a pull back rather than chase the market.

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InspireMD Inc (NYSEAMERICAN:NSPR) has printed a bullish Hammer candlestick pattern on Thursday. Maybe this is the right time to see a more significant rebound. A hammer is a type of bullish reversal candlestick pattern. The formation reflects buyers overtaking selling strength, and often precedes a continued rally in price.In addition, the technical daily chart is showing some bullish bias. Keep NSPR on your radar for a nice bounce in price. Note: This is a penny stock, so play accordingly.

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Shares of SG Blocks Inc (NASDAQ:SGBX) are starting to heat up again and are worth watching. If volume can pick up I think this stock can break through resistance at $2.82 and re-test its recent highs around $3.36

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This was a stock that I was looking at before the big move (I tweeted about a potential bounce this week, et voilá). If Chembio Diagnostics Inc (NASDAQ:CEMI) can break out above $4.38 with heavy volume, I think the stock could shoot up to $5. There looks to be good upside potential, so watch the stock very closely next week.

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: CEMI, CIDM, GNUS, JAKK, NAKD, NSPR, SGBX, SHLO, SOLO, SUNW, WKHS

12:09 | 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 |

Some stocks worth watching next week

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Viking Therapeutics Inc (NASDAQ: VKTX) jumped 99 cents, or 7.44% yesterday, breaking key resistance at 13.76 as well as the upper line of descending channel. Friday's action suggests we could see continuation of the trend in the next couple of days toward the next resistance level around the 15.5 area.

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Micron Technology, Inc. (NASDAQ: MU) Friday's hammer candle suggests a possible short-term bounce imho to $40's. Positive divergences showing up on indicators also confirm that we'll see some upside movement very soon. Obviously the trend is clearly down right now, but finding the right spot to get in before the bounce can be a lucrative move. I entered again before the close. Lets see what next week will bring us.

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Emerge Energy Services LP (NYSE: EMES) has found support around the $2.22-$2.30 range and looks poised to post a significant bounce from here. It is very oversold and I think the next rally could be a sustainable one for at least the short term. This was a stock that was trading at over $10 a share in January. The high volume on Friday in a RED tape could signal that investors believe the stock is extremely undervalued at current levels or shorts are covering. We could see a 30-50% possible bounce up to $3.25 - $3.5 a share if it can get passed the resistance at $2.52

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Advanced Micro Devices, Inc. (NASDAQ: AMD) is hitting a major support with a very oversold RSI. I think the risk of continued downside at current levels, while obviously present, is a lot less than the possibility of a sharp oversold rally or bounce. I believe there is profit potential from these prices. On watch.

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InspireMD Inc (NYSEAMERICAN: NSPR) I still think this stock will post a sharp rally from current levels. This was a $1 stock in June and at $.25, in my opinion, and also based on the accumulation line (still rising: under accumulation) there is a compelling risk/reward scenario. Honestly, NSPR is in the midst of that dramatic bounce, one that could see it hit $.48 or more a share in short-term. Note: low-priced "penny stocks" is always risky, so be careful with the size.

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Pain Therapeutics, Inc. (NASDAQ: PTIE) the chart looks great again for this stock and I think its poised to hit $1.44/1.5 short-term as the selling has abated and the new uptrend should bring new interest into the stock.

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With a conference scheduled for next week Biocept Inc (NASDAQ: BIOC) is a stock I think deserves some watching over the coming sessions for a potential short-term reversal.

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ENDRA Life Sciences Inc (NASDAQ: NDRA) The last few days has seen increased volume and price. This is worth watching and possibly stepping in for a trade at some point. This stock has been flying under the radar of many traders and deserves a look going forward.

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Proteostasis Therapeutics Inc (NASDAQ: PTI) Good long setup, if it takes out the 6.3-6.45 zone on volume next week.

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NII Holdings Inc (NASDAQ: NIHD) appears ready for a breakout above key resistance at 6.44 area. If breakout occurs, I expect to see the NIHD move toward the 7-7.2 area.

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Rambus Inc. (NASDAQ: RMBS) looks like a great bottom type play. Technical chart is displaying several positive divergences. I think RMBS will post a nice rally from here and deserves being added to your 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

Labels: AMD, BIOC, EMES, MU, NDRA, NIHD, NSPR, PTI, PTIE, RMBS, VKTX

18:33 | Permalink |

Stocks to Watch for September 13, 2018

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IQIYI Inc (NASDAQ: IQ) Missed this one today because I was too busy watching small caps. But this chart looks pretty good. I think current levels offer a great chance to play a rebound in shares. Long positions can be considered with a stop loss of 26 on daily closing basis. Initial targets are 30 and 32.4

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HUYA Inc - ADR (NYSE: HUYA) Keep a close eye on this one, looks ready to break this trend line to the upside. When it clears $28 on good volume, go long using the EMA9 as stop.

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China Advanced Constructn Mtrls Grp Inc (NASDAQ: CADC) Another China name with a good looking chart. Looks like a bottom formation here. A breakout over $4.2 with volume would send this flying. I went long today, I see $5.5 move coming. The MACD is curling in a very positive direction. This could be a good swing trade.

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Akers Biosciences Inc (NASDAQ: AKER) was one of the BIG winners today, as the stock closed up 21% on the day. If the stock can break today’s high of $32, we should see a continuation move targeting the 40c area.

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Onconova Therapeutics Inc (NASDAQ: ONTX) one of the best charts out there under $1 Broke downtrend line yesterday on volume. Plus, all key indicators are pointing up and the Accumulation indicator is also rising. Im Long

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Tilray Inc (NASDAQ: TLRY) This one is unstoppable. If you're long, use the rising hourly EMA20 as stop.

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InspireMD Inc (NYSEAMERICAN: NSPR) made a strong move to the upside and closed above the 25c key resistance zone accompanied with high volume. Based on the monster volume, I think we could see some nice follow through on Thursday. 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: AKER, CADC, HUYA, IQ, NSPR, ONTX, TLRY

21:53 | Permalink |

8 stocks to watch in the coming week

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Kadmon Holdings Inc (NYSE:KDMN) jumped 22 cents or 5.16%, Friday, on higher-than-average volume and finished at its highest close in more than five weeks. The stock closed at 4.48, above the key resistance area at 4.4, confirming the bullish flag breakout. The close was also near the high of the day, which is another good sign and an indication of possible continuation of the current bullish momentum. In the coming days, we could see extension of this new momentum towards 5.40 area (February high).

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CytRx Corporation (NASDAQ:CYTR) broke above a key resistance area on volume Friday, closing at 2.11, which is the highest close in more than 8 weeks. This breakout of a small bullish consolidation brings high probability for a trend continuation next week and push the stock well above the previous high set in January at $2.35. If this breakout occurs, we could see this stock in the $3-3.4 area in the next couple of trading days. Long setup on watch.

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Curis, Inc. (NASDAQ:CRIS) has been pulling back over the last sessions on low volume after the nice upside move following the good earnings report. I bought back the shares on Friday. The stock looks like that the price action is developing a Falling Wedge pattern on hourly, which if broken on the upside can lead to a rocket blast towards 1.05. I think that it will resume its climb very soon.

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Corindus Vascular Robotics Inc (NYSEAMERICAN:CVRS) Poised to clear the 1.65 resistance area. Keep on watch for the break on volume and go long.

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Longfin Corp (NASDAQ:LFIN) broke out Friday and traded nearly 3x normal daily volume. It has the potential to make a big run next week, so keep a close eye on LFIN and don’t miss the trade.

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InspireMD Inc (NYSEAMERICAN:NSPR) good relative strength compared to the market on Friday. The stock is starting to show signs of accumulation with high upside days and low downside days. It is poised for a move and I suspect that it will explode to the upside. Could be a high flyer on breakout, look for break above $3 to add more shares.

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Windstream Holdings, Inc. (NASDAQ:WIN) broke out of a major resistance zone with heavy volume on Friday and will likely have the attention of the swing-traders next week.

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Aqua Metals Inc (NASDAQ:AQMS) is holding up well and looks ready to move higher. Next buy point for AQMS is at 3.16

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: AQMS, CRIS, CVRS, CYTR, KDMN, LFIN, NSPR, WIN

20:00 | Permalink |

My Watchlist for Thursday, Aug 03

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Intrepid Potash, Inc. (NYSE:IPI) Finally made a decision today and broke resistance to the upside. The stock looks good for higher prices but the RSI on the daily chart is now overbought, so i will wait for a small pullback to pivot to enter.

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CytRx Corporation (NASDAQ:CYTR) Typical pullback after a great run. Im accumulating for next rally that should break the top of this range. Looking at the accumulation/distribution chart we can see that the stock has been under accumulation for the last several weeks. Bias remains to the upside. The recent price volume and buying action, seems to support this view.

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Agios Pharmaceuticals Inc (NASDAQ:AGIO) had a nice break out today and rose over 5%. If the stock can sustain this strong momentum $65 is not out of the question. Keep it on your radar over the coming days.

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Black Diamond Inc (NASDAQ:BDE) Keep a close eye on this one, looks ready to break this resistance to the upside.

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InspireMD Inc (NYSEMKT:NSPR) This one is reaching a decision point. Watching for 50c breakout. All major indicators are in favor of an upward price movement. MACD has generated a new buy signal and the Relative Strength Index (RSI) is rising again. This momentum could push this stock much higher from here. Keep the stock on your radar for Thursday’s trading day.

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Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) may be ready to break out of this consolidation. The daily technical chart looks very good. Breakout watch over 86.92

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: AGIO, ALNY, BDE, CYTR, IPI, NSPR

21:58 | Permalink |

AC Investor Blog

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

Friday, July 03, 2020

Trade Ideas for the coming week - Happy 4th of July !!

Monday, May 27, 2019

Tuesday Stocks To Watch

Saturday, October 27, 2018

Some stocks worth watching next week

Wednesday, September 12, 2018

Stocks to Watch for September 13, 2018

Sunday, March 18, 2018

8 stocks to watch in the coming week

Wednesday, August 02, 2017

My Watchlist for Thursday, Aug 03

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