AC Investor Blog

Extreme oversold stocks for Thanksgiving week

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Last week was a depressed week for small cap investors with a lot of stock reaching extreme oversold conditions not seen since the subprime crisis. The volume was also very low, which leads me to think that it was a possible tax selling reason. With the small-cap index pulling back to test the support zone previous resistance area, we might start to see next week the first signs of a rebound.

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Clovis Oncology Inc (NASDAQ:CLVS) has been in a tremendous tailspin the last three weeks. The stock has seen a bevy of selling bring the stock to fresh new lows for the year and near historical lows. However, the last two trading sessions reveal an increase in volume, suggesting some capitulation and I think that a sharp rally could follow over the next few days. At $3.38 a share, and considering this stock was trading well over $4.50 last month, the risk for further decline is outweighed by the potential gain an explosive bounce would provide. Plus, historically the stock reacts violently to the upside every time the RSI reaches extreme oversold levels. In fact, this stock is also a short squeeze play. Keep an eye on it next week, it should mount a violent rally from here IMHO. Last week the company said that it expects cash resources, and revenues and available financing sources to be enough to support its operations for at least the next 12 months.

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Another extreme oversold small bio cap. Arca Biopharma Inc (NASDAQ:ABIO) touched a new 52 week low last week and closed at $2.36 a share on Friday. I think now is the time to start trying to catch this knife. Alone this company has more cash ($4 per share) than current market capitalization. Cash and cash equivalents were $58.3 million as of September 30, 2021, and they believe that its current cash and cash equivalents will be sufficient to fund its operations through 2022. Furthermore, the stock could get a boost from the current increase of the COVID cases worldwide, especially in Europe. According to CEO Dr. Michael Bristow, with rNAPc2’s combination of anticoagulant, anti-inflammatory and potential antiviral properties, he believes it has the potential to be effective in addressing COVID-19 impacts in hospitalized patients. The international Phase 2b clinical trial is nearing completion and they look forward to sharing its results in the first quarter. I have been accumulating shares again.

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Gaucho Group Holdings Inc (NASDAQ:VINO) Another example of a small cap victim of the current market environment. The company reported a big profit and revenue last week and predicted a strong 2022.

- Revenues for the third quarter were $2.6 million compared to $60,228 in the prior year period, a 4,242% increase.

- Gross profit for the third quarter was $2.4 million, compared to $21,000 in the prior year period, a 11,505% increase.

Quite a turn around and I think the stock could have plenty of more room to move higher. The stock is clearly under accumulation and I could see it breaking out higher (pivot 3.39). There are not many shares left to go around. Follow The Money.

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Moving Image Technologies Inc (NYSEAMERICAN:MITQ) has it on watch for a turnaround next week. The company delivered strong year-over-year revenue growth of 98% last week and predicted a revenue guidance of $12 to $15 million, or 67% to 108% growth over fiscal 2021. Plus, they expect to deliver positive cash flow from operations as well. It can be tough to pull the trigger on a stock that has fallen rapidly. But these same stocks can post big moves after they have fallen and GTEC showed this to be true on Friday. It remains on my TOP watchlist.

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Sharplink Gaming Ltd (NASDAQ:SBET) I really like this stock, although the price sits at lows, I feel it deserves a much higher valuation. Volume looks healthy, and we are seeing up days on heavy volume and down days on very low volume, which is clearly a good sign that the stock is under institutional accumulation.

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Ocugen Inc (NASDAQ:OCGN) stock posted a nice bullish candle on Friday. This could be the start of a reversal. Considering how far the stock has fallen, a rebound could mean a big move up for this stock. Keep an eye on it.

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Bakkt Holdings Inc (NYSE:BKKT) The chart is looking good now for this stock and we could be looking at the start of a sustained price recovery. Squeeze over 22.4

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Ironnet Inc (NYSE:IRNT) I think this stock will post a sharp rally from current levels. This was a $47.50 stock in Sept and at $10.5, in my opinion, there is a compelling risk/reward scenario.

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, BKKT, CLVS, IRNT, IWM, MITQ, OCGN, SBET, VINO

21:01 | Permalink |

Top Stock Trade Ideas for the coming week

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WOW is the word of the week. A huge congratulations to you, if you paid attention to my alert on OCGN from Tuesday at 6.84, as you are probably sitting on pretty hefty gains at the moment or booked a huge profit. The stock just doubled investors' money in merely a few days. Congratulations to all those who were able to witness this technical groundbreaking alert. For some reason my twitter account is growing incredibly and all of you are making a huge difference out there. I hope you are making some sweet profits along with me. This stuff is just too easy sometimes. Again, you guys are all awesome but be kind and don't ask me price targets, because we all have different investment strategies, and what is a good exit for me, could not be a good one for you, and vice versa. I give you all informations on the technical charts with pivot points for you to take decisions. Go treat yourselves to something special this weekend with this BIG profit ;) From a technical standpoint, this high flyer could see some profit taking in the coming week due to its extreme overbought conditions. In this scenario, I will use any pullback to 7.75-8.25 to go long again.

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Bio-Path Holdings Inc (NASDAQ:BPTH) I've covered this low floater in the past, and it appears the stock is getting attention again. I've always felt this stock has potential to rally. From a technical standpoint, it needs to break through $6.20 to really get going. A break of that figure brings $7.80 into focus. Keep a close eye on this one the next few days.

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What a great trading session for Dolphin Entertainment Inc (NASDAQ:DLPN). It pushed higher throughout the day and closed out the session gaining more than 28% on heavy volume. This creates a bullish scenario for Monday, one in which the stock opens the day a few ticks higher and then continues its rally. The next resistance level to watch is at 14.50. Above this level could test 20 next.

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China Recycling Energy Corporation Common Stock (NASDAQ:CREG) is finally starting to break out. The stock hit bottom in the low $6.80's and has started to work its way higher. Yesterday it was up over 14% on a breakout type move. Another great twitter alert before the crowd.

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JOB potential gap fill candidate over 63c

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The stock surged in the final hour of trading and closed back over 10.30. The real fireworks should begin if Alset Ehome International Inc (NASDAQ:AEI) can close above $10.70. With its low float and the company already bringing value into these shares, at some point the share price will break out. The daily MACD is starting to curl upward which should eventually lead to price increases. That bodes well for a breakout.

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We're on the verge of a possible breakout in the shares of Microvision, Inc.(NASDAQ:MVIS). The stock finished the day up 36.76% on a huge volume of over 117 million shares exchanging hands on the day. I'm watching the stock again as the stock looks to be setting up for a big upside move. The technical chart shows a possible new rally as the MACD fast line is back above the MACD slow line, while the RSI is also gaining strength developing a new uptrend and with stock back above 20-day exp moving average we should see more upside coming. The key resistance level to watch tomorrow is at $19.37. Watching for a possible breakout there.

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FreightCar America, Inc.(NASDAQ:RAIL) surged 29.26% Friday on one of the heaviest volume sessions this month, with 16 million shares traded. The broke out of a key horizontal resistance line and closed slightly below the high of the day, which now represents the next resistance for the follow through move on Monday. If a breakout above this level occurs, we could see a continuation of current momentum toward the 7.5-7.76 range.

I’ll be back on Monday with more updates....

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: AEI, BPTH, CREG, DLPN, JOB, MVIS, OCGN, RAIL

15:27 | Permalink |

A few names on my TOP watchlist for the Week ahead

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GameStop (NASDAQ:GME) The stock gained more than 150% last week on strong volume accumulation and it has been in a bullish consolidation over the last two trading days after a big move on Wednesday that took it from the mid-40s to mid-180s. A successful break of this bull flag pattern on H4 could set the stage for stock to test the price region around 200. Technical indicators are looking bullish to me.

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In order to stage a bullish trend reversal, BlackBerry (NYSE:BB) needs to break and close above the 12. Short-term daily technical indicators are improving and the MACD on the H4 chart recently produced a new buy signal last week. If the stock can break Friday’s high of $10.82, we should see a strong follow through move. BB will move very quickly, so keep a very close eye on the stock next week. Stock has a strong support around the 9.69 area.

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LAIX Inc (NASDAQ:LAIX) I bought back my shares on Friday. From a technical standpoint, the stock closed the big gap made on February 5 as it gave up much of its gains from the past three weeks. Technical indicators are showing positive divergences. I'm betting on a reversal and a possible rise over $3.08 in the coming days.

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Janone Inc (NASDAQ:JAN) I have been accumulating this stock. The company announced last week that it has entered into a definitive agreement to sell its legacy recycling subsidiary, ARCA Recycling, to Virland Johnson, JanOne’s Chief Financial Officer, for an aggregate purchase price of approximately $25 million. The current market cap of the company is just $23M. This stock remains, in my view, undervalued, and based upon recent actions by the company, I think the price per share should head higher. I still think this is a $15 - $20 stock down the road. The way to make money in these markets is to find the undervalued stock before the market does.

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Aikido Pharma Inc (NASDAQ:AIKI) was over $2.55 on February 16 and closed Friday at $1.19. 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 1.25 level next week could move the stock significantly higher.

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Ocugen Inc (NASDAQ:OCGN) Missed this one on Friday because I was too busy watching WSB stocks. 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 9.50 on a daily closing basis. Initial targets are 13.50 and 17

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I like this stock (NASDAQ:NVOS) for a nice rebound from Friday's $5.21 close. The stock has been finding support at its 100EMA on the 30m chart. We could be looking at the start of a sharp rally for this stock. It's down from $14.98 to $5 with not much of a bounce in between. I think a 25-40% gain or more lies ahead.

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Lumos Pharma Inc (NASDAQ:LUMO) another small name that could see a big rally from current levels due to very oversold conditions. Plus, potential double bottom.

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Fisker Inc. (NASDAQ:FSR) The stock saw continued buying pressure on Friday. With this breakout move and future potential this stock should remain one to watch going forward. Buyable on any pullback to pivot.

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Townsquare Media Inc (NASDAQ:TSQ) is flagging nicely on the daily chart. Watch Monday's action for a possible breakout over $11.25

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: AIKI, BB, FSR, GME, JAN, LAIX, LUMO, NVOS, OCGN, TSQ

16:59 | Permalink |

Technical Chart Setups for the coming week

Dearest readers and followers,

Before starting to share trade ideas for the coming week, I would like to inform you that this will be the last weekend post before my vacations that will start on August 1st and end on 28th of the same month. I will travel this summer to Algarve avoiding planes and everything that involves a lot of crowd interaction. It's time to help the tourism of my country giving them some hope. If all of us do the same, we can minimize the impact of the current downturn. I will use the vacation time to spend some productive time with my family, relaxing, rejuvenating, and forget all about the stresses of work. I don't believe that vacations are luxuries. They are our necessities just like anything else, make us feel happy, stress less, refreshed, energetic, helping us to explore the essence of living in peace and communion with those we love the most. If you also go on vacation, happy holiday to you. Enjoy your time like the flakes of snow, nothing is certain or solid in this world.

Thank you for reading this blog that means so much to me. I get excited anytime any one of you leaves me a comment or just sends me an email sharing an experience. May God bless you and have a wonderful vacation.

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Party City Holdco Inc (NYSE:PRTY) is a candidate to be traded in breakout mode next week. The daily technical indicators are looking better for the stock with the MACD indicator above its sell signal line, +DI is on top (the trend is up) and RSI indicator moving up from the 50 level. Plus, upside volume is also picking up and a rounding bottom is taking shape. Keep an eye for a possible breakout over $1.59

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We are on the verge of a possible breakout in the shares of Vislink Technologies Inc (NASDAQ: VISL). The stock is finishing up its consolidation phase and the new bullish trend on my daily chart looks good. Volume was on the light side, but once the stock breaks out we will see an upturn in buying. Key resistance is now located at 75c, a break above this level will confirm the bullish trend and the following uptrend will take price up to $1 zone. From a technical standpoint, daily technical indicators are looking bullish. MACD is rising above its signal line in the positive zone and the RSI is rising above its 50% level.The 9-day and 13-day EMAs are in the process of forming a rounding bottom reversal pattern, and the stock has moved above it. VISL will move quickly, so keep it on your screen on Monday.

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Ageagle Aerial Systems Inc (NYSEAMERICAN:UAVS) Bull flag spotted on the daily chart, this is a bullish continuation pattern. The momentum clearly favors the bulls.

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Ocugen Inc (NASDAQ:OCGN) This penny stock deserves your attention going forward. A treatment of RHO gene mutation associated with retinal degenerative disease being developed by Ocugen was granted orphan designation by the FDA, according to a post to the agency's website. No press release yet from the company which is not surprising, it usually takes some days. Once it goes live on their website we could see another spike in share price. Looking at the technical chart, it seems the stock broke the resistance area at 35c and has moved decisively to the upside. That’s a powerful sign that high prices are likely to continue. Long positions may be considered on price weakness, with a stop-loss at 30c. The next resistance it could encounter is at 50c. Once that level is breached, the next resistance could be the 70c area and then 83c. In addition, the CMF indicator is increasing, this clearly shows that smart money is moving into the stock. NOTE: OCGN is a penny stock, so play accordingly.

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Friday's action in JAKKS Pacific, Inc. (NASDAQ:JAKK) confirms my opinion that the current bounce has legs. The stock finally broke the large falling wedge on large volume. The technical chart shows buyers are back. With the surge yesterday %K line is again on top over %D line showing the stock is back to a new rally. A move towards $7.9 can be expected as long as $6 holds.

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I have been following Riot Blockchain Inc (NASDAQ:RIOT) for a few days now and surprisingly it showed some strength in the final hour on Friday in a depressed market. On the momentum front, I'm seeing some positive divergences in several key momentum indicators, but this is not confirmed yet, as prices have not shown a confirmed reversal. The stock needs to break Thursday’s high of $2.45 to expect a strong rally at this point. I took a long position last week.

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Document Security Systems, Inc. (NYSEAMERICAN:DSS) has been forming an ascending triangle and it might soon break out. It needs to take out $8.15. The break of the resistance line with heavy volume should be the next buy point targeting the 9.8 zone.

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Urban One Inc Class A (NASDAQ:UONE) continues to form a base around the $14 as we get ready for another major move higher. A break of $16.50 with force might give the stock room to $20

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Capricor Therapeutics Inc (NASDAQ:CAPR) decisively broke the bull flag formation with a big bullish engulfing candle and might soon find itself in next resistance at the 8.60 area.

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Xenetic Biosciences Inc (NASDAQ:XBIO) Friday’s action in the share price leads me to believe that we may see a reversal trend at this level. To sustain this point of view, stock needs to sustain actual level in the days to come, so stay tuned to her. Next pivot 1.38

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Inpixon (NASDAQ:INPX) is in the process of bottoming and I expect a pop above $1.65 very soon. Technical indicators are looking Bullish with the RSI rising while the MACD is cutting above its signal line. With the spike in volume and momentum surging in Friday's trading session, there is a high possibility that the stock price can appreciate even more in value during the coming sessions. Plus, the Microsoft rumors should be taken seriously "#ReturnToTheWorkplace initiative". 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: CAPR, DSS, INPX, JAKK, OCGN, PRTY, RIOT, UAVS, UONE, VISL, XBIO

15:37 | 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 |

AC Investor Blog

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

Saturday, November 20, 2021

Extreme oversold stocks for Thanksgiving week

Saturday, April 24, 2021

Top Stock Trade Ideas for the coming week

Sunday, February 28, 2021

A few names on my TOP watchlist for the Week ahead

Saturday, July 25, 2020

Technical Chart Setups for the coming week

Saturday, May 02, 2020

Eleven Bullish Setups for the coming week

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