AC Investor Blog

12 Technical Charts To Watch Next Week

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IQIYI Inc (NASDAQ: IQ) has been in a consolidation over the last three weeks forming a bullish flag pattern after a big surge in price and volume in February. The stock jumped 5% Friday and closed at 27.02, two cents above key the psychological price level of 27. If it holds this level on Monday this could be the start of new momentum that could move the stock toward the 29 area.

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Goldman Sachs Group Inc (NYSE: GS) has been trading in a sideways range between resistance at 202.5 and support at 189 for a few months. With MACD showing good upside potential and RSI on the rise the trend should resume to the upside. Long setup on watch. Buy set at 202.5

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Ability Inc (NASDAQ: ABIL) is a candidate to be traded in breakout mode. The daily technical indicators are looking better for the stock with MACD indicator above its sell signal line, the ADX value is increasing and RSI indicator moving up from the 50 level. It is one for the bottom pickers. Volume was on the light side, but once the stock breaks out we'll see an upturn in buying. Key resistance is now located at $2.05, a break above this level will confirm the bullish trend and the following uptrend will take price up to $2.8 zone.

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We are on the verge of a possible breakout in the shares of ShiftPixy Inc (NASDAQ: PIXY). The stock looks like it could be getting ready to go imho. PIXY is worth a close look.

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Leap Therapeutics Inc (NASDAQ: LPTX) needs to take out $2.46. The break of the resistance line with heavy volume should be the next buy point on LPTX. Technical chart shows bullish sign with %K line on top of %D line and MACD on top of signal line.

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Qutoutiao Inc (NASDAQ: QTT) made a strong run the last hour of the day, closing at highs. The $15.65 level is an obstacle for this stock. If it can break through, buy the stock and watch it take off using the rising EMA9 as a stop loss.

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Telaria Inc (NYSE: TLRA) is starting to make a move to break through the top of its range. This is a good stock to watch and once it breaks through $6 on a close basis, the stock should move.

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Riot Blockchain Inc (NASDAQ: RIOT) above $3.99 could spark a nice short-squeeze. The stock had a nice surge a few days ago and has been in the process of consolidating. I think the stock has room to go higher. Watch the stock closely next week.

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Cellectar Biosciences Inc (NASDAQ: CLRB) Volume starts to pick up. Could make a huge move to the upside. Keep it on your watch list. A break of $2.50 with force might give CLRB room to $3

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Tetraphase Pharmaceuticals Inc (NASDAQ: TTPH) broke through resistance at $1.39 accompanied with high volume. We should be able to see some decent upside movement for the bulls here.

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Oragenics Inc (NYSEAMERICAN: OGEN) made big moves on volume in after hours trading Friday. The strength of current momentum could extend Monday and push the stock above the previous high set in Feb at 99c. If this breakout occurs we could see the stock trading in the $1.2-$1.35 area in the next couple of trading days. We should be able to see some decent upside movement for the bulls here. Long setup on watch.

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Nvidia (NASDAQ: NVDA) has a gap to fill over 170 on the daily chart should still be more upside left in this one. 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: ABIL, CLRB, GS, IQ, LPTX, NVDA, OGEN, PIXY, QTT, RIOT, TLRA, TTPH

15:18 | Permalink |

Chart setups for the coming week

Good morning all and welcome new readers.

I've been quiet lately but that doesn't mean I've stopped blogging. While you are waking up, I have been looking for good setups for the coming week. Please see below my choices.

Do not forget to keep watching my intraday ideas on twitter and Stocktwits.

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Overstock (NASDAQ:OSTK) surged 11.17% or $1.52 cents to $15.13 per share on Friday after Patrick Byrne Says tZERO will be launched next week. Looking at the daily chart you can see that the price action has formed a descending channel since August and closed near the resistance line. A break above 15.60 next week should lead to a massive short-squeeze because the stock is heavily shorted.

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Clovis Oncology Inc (NASDAQ: CLVS) which had been flagging in the last 2 weeks off its recent upmove from the 17.5 area to around 25,4 broke out of the flag Friday on decent volume. A break above 25.38 would confirm continuation of the upmove and should lead to a short-term target in the 28 area.

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Blue Apron Holdings Inc (NYSE: APRN) Strong move Friday on solid volume. Traders should watch for a potential breakout over 1.55. The MACD is positive and above its rising signal line. A breakout above the key resistance could take the stock much higher as the daily chart shows little resistance.

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Cronos Group Inc (NASDAQ: CRON) may be setting up to make new highs next week. Next buy area is when the stock clears 15.3 on heavy volume. From a technical standpoint momentum indicators are in bullish zones. The daily MACD is moving above its signal line in positive territory, while RSI is moving up above its 70% level. All major EMAs are rising and the stock is trading above them. For now the bulls remain in control.

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I continue to support the idea of a significant rally on shares of Oragenics Inc (NYSEAMERICAN: OGEN), probably even above the November highs. We still need to see a break and close above the downtrend line with a next target in the 1.50 area. Only a break back below the 75c would invalidate this bullish outlook. The recent accumulation remains intact.

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Real Goods Solar, Inc. (NASDAQ: RGSE) has an interesting daily technical chart and could have another bigger move soon. The outlook for stock remains positive supported by the major EMAs and momentum indicators. Strong support for the stock exists at 50c. The most recent news are very optimistic for the company and exciting for investors. I went long last week.

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Northern Oil & Gas, Inc. (NYSEAMERICAN:NOG) hit my scanner Friday with some impressive volume and closed up 8.%. I think this stock will get more attention as the volume and money flow increase. Breakout watch over 2.85

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BlackBerry Ltd (NYSE: BB) cleared resistance on expanding volume and looks ready to extend its gains. Keep on watch list.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) has the perfect set up to make a nice run here. The stock is building a nice optimistic formation under resistance at $21.44. Watch for a break through that price level on volume to indicate that another push higher will occur.

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, APRN, BB, CLVS, CRON, NOG, OGEN, OSTK, RGSE

13:00 | 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 |

My stock watchlist for the week of October 01, 2018

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BlackBerry Ltd (NYSE: BB) brokeout from a descending channel yesterday with large volume after reported earnings above Wall Street consensus. Looking at the daily technical chart above the stock shows very strong bullish sign. First of all, the stock is trading now above both 50-day and 200-day exponential moving averages. Then the MACD indicator is rising above zero line also indicating a buy. In addition, the ADX turned up as a result of Friday's strength, with bullish price movement in control and RSI is also moving up. I'll be watching the stock again on Monday for a follow through. Resistance is $12, which was yesterday’s high. This is my long term invesment. John Chen is doing a great job turning around this company. When it comes to Blackberry, the recent history tell us to ignore the analysts, because they have been always wrong since the 6's. I have a lot of respect for analysts, but in this particular case i dont agree with them. Honestly, i think Blackberry is going to be a great stock for patient investors.

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Amarin Corporation plc (NASDAQ: AMRN) had big buyers in it all day on Friday and looks ready to make another move next week. This company has been a subject of takeover rumors the past few days, which has driven the stock straight up. I am keeping AMRN on the list for the next few days.

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New Age Beverages Corp (NASDAQ: NBEV) is flagging nicely on hourly chart. Watch Monday's action for a possible breakout over $5.72

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CorMedix Inc. (NYSEAMERICAN: CRMD) broke out to new highs. Friday's heavy volume was what you want to see when a stock breaks resistance. Investors with medium-term horizon can hold the stock with stop-loss at $.66 (red trendline) and long-term investors can hold with deeper stop at $.55 Immediate resistances 1.15 then 1.46

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Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) is consolidating in a narrow band between $22 and $23.50. The outlook for the stock is positive. The initial target on a breakout is $25. Hold it with a stop at $19.95

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Oragenics Inc (NYSEAMERICAN: OGEN) had another very productive week as we saw gains of over 58% and I believe it has more room to run. The short-term outlook remains positive for the stock. The stock finds an immediate resistance at 1.30 and support at 92c followed by 80c.

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Auris Medical Holding AG (NASDAQ: EARS) had a strong day as the stock closed up 6 cents or 19% on heavy volume. Friday’s high of $.38 is now resistance for the continuation move that should occur very soon. Technical indicators are looking bullish.

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As I mentioned yesterday on Twitter, Arca Biopharma Inc (NASDAQ: ABIO) displayed that it could move when volume enters and over the past four consecutive trading sessions shares have witnessed higher lows which is commonly considered to be a bullish signal. With small bio caps going nuts, one by one, combined with technical indications of an uptick, consider ABIO as a trade idea with big potential. The key to making money in this market is getting in before the crowd.

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In order to stage a bullish trend reversal, Overstock (NASDAQ: OSTK) needs to break and close above the 28.80. Short-term daily technical indicators are improving and the MACD on the chart recently produced a new buy signal. If the stock can break Friday’s high of $28.8, we should see a strong follow through move. OSTK will move very quickly, so keep a very close eye on the stock.

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Blue Apron Holdings Inc (NYSE: APRN) was over $4 in July and looks primed for a reversal at some point. The stock has a 50-day EMA of $2.14 and a 200-day EMA of $3.07. Those two averages show the depth of APRN's drop and the potential the stock has if it decides to rebound. Technical indicators are showing positive divergences. Im betting on a reversal and a possible rise over $2 in the coming days.

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, AMRN, APRN, BB, CRMD, EARS, NBEV, OGEN, OSTK, VNDA

18:33 | Permalink |

Here are some technical charts to watch next week

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Marinus Pharmaceuticals Inc (NASDAQ: MRNS) broke through that critical 8.25 level yesterday on heavy volume. There is a high probability for a trend continuation in the next sessions, as the stock could test the next key resistance level in the 9.5 area.

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TOP SHIPS Inc (NASDAQ: TOPS) broke and closed above its declining EMA50 for the first time in months accompanied by high volume. I expect a continuation of the rally's momentum next week, targeting the 1.5 level. If a new breakout occurs, next resistance is in the 1.87 area, my target (alerted on twitter around the 97c level last week as a potential bottom play).

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Shares of DryShips Inc. (NASDAQ: DRYS) are starting to heat up again and are worth watching. The stock broke out last week of a large descending channel formation. This technical move is very significant and could be marking a new trend higher that is still in the early stages of development. I expect continuation of current momentum in the next few trading days toward the 6-6.25 area.

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Second Sight Medical Products Inc (NASDAQ: EYES) Good looking technical chart and insiders are buying a lot of shares at current levels. They must know something positive about the company. Keep it on watch. Im accumulating on any dip.

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CTI BioPharma Corp (NASDAQ: CTIC) is a stock that deserves some attention over the coming sessions, for a potential reversal. I see CTIC on verge of breaking up out of this small compression. My daily indicators have signaled buy with bullish divergences, thus we can expect stock to get above the 2.16 level sometime next week. Plus, unusual call swepers were detected last week.

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The possible reversal move in Oragenics Inc (NYSEAMERICAN: OGEN) shares was something that I tweeted last week before the crowd. If you were following my twitter account you would have gotten the tweet when the stock was trading around 45c. It ended the session on Friday at $.72, gaining nearly 46%. If you jumped in and booked your profits, congratulations! I sold just half of my position to protect some profits (i'm just managing the risk) because of the data that will be published on Monday. Note: Technically the stock looks really bullish now.

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Tilray stock (NASDAQ: TLRY) continued to cool off Friday after a massive short squeeze on Wednesday, that for sure, cleared out a lot of shorts positions. The pullback was to be expected after the massive rally, but the price needs to hold now above the key $120 level for the bullish sentiment to persist. If it fails to hold above that level, it could then fall to $97. I continue to see the hourly chart as one of the best time-frames to follow this stock.

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Sounds like BlackBerry Ltd (NYSE: BB) is gaining some momentum again. The stock has made a strong bounce off of the recent lows that were posted earlier in the month with high volume. The technical daily chart shows possible new rally as MACD fast line is back above MACD slow line, while the RSI is also gaining strength. If a proper breakout happens at 10.45 we can see a short-term target of $11.04 Note: Earnings on Friday Before the openning bell. Im a long term investor in this one. My price average remains at 8.85

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Advanced Micro Devices, Inc. (NASDAQ: AMD) At this point, nobody can predict if this is the start of a major correction or just a pause before the previous price action resumes. MACD is flashing a sell signal but the stock continues holding nicely the $30 mark. As long as it stays above this key support level, it confirms that the bulls are in control.

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The above technical daily chart shows that Rambus Inc. (NASDAQ: RMBS) is all set to break out of this large falling wedge anytime next month. Short-term technical indicators are improving and the MACD on the daily chart is about to cross up. I'm a buyer of RMBS once it breaks $11.5 for a possible breakout move. RMBS could have good upside potential, so watch the stock 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: AMD, BB, CTIC, DRYS, EYES, MRNS, OGEN, RMBS, TLRY, TOPS

12:52 | Permalink |

AC Investor Blog

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

Saturday, March 16, 2019

12 Technical Charts To Watch Next Week

Sunday, January 20, 2019

Chart setups for the coming week

Saturday, December 01, 2018

Bullish technical setups for the coming week

Saturday, September 29, 2018

My stock watchlist for the week of October 01, 2018

Sunday, September 23, 2018

Here are some technical charts to watch next week

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