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Sunday, November 13, 2022 

Stocks to Watch for the Week of November 14

 

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Meta (NASDAQ:META) had another positive day on Friday closing the week above its 50-day EMA. I called the stock as a potential bottom play earlier last week due to its low price to earnings ratio (below 9). When I made the call I noted that the gap down from $127 would be the first place to look at as the target on a rebound. So, I continue to support the idea that META is currently a gap-fill candidate in the coming days.

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Exela Technologies Inc (NASDAQ:XELA) had an amazing rally on strong volume accumulation Friday. I expect a nice gap up at the open tomorrow.

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Imperial Petroleum Inc (NASDAQ:IMPP) It is only a matter of time before this stock gets back on its feet. The current status of the company is just too positive to dismiss. I like what the company does, its transparency and its growth potential. I do think IMPP shares are undervalued and offer a great opportunity. This stock looks poised to make a run for $1 in the near future.

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I like the chart of BioXcel Therapeutics Inc (NASDAQ:BTAI) alot . Probably one of my bio favorites. As you can see the stock broke out on high volume Thursday and was able to keep the strength on Friday by closing near the highs of the day. A break of 16 next week would confirm continuation of the trend, with a short-term target area of 20. Watch it fly in the upcoming weeks.

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Broadwind Inc (NASDAQ:BWEN) is making some nice progress as it works at the bottom of its range. I think this stock could see $2 and better short term. This was trading over $3.5 recently and could see that price again medium-term.

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A quick look at WIMI's chart shows a stock that has been on the downfall for six weeks. Catching a falling knife carries tremendous risk, although risk takers can be rewarded with sizable gains. This was the reason why I took a position on Friday at 60c, before it changes its trajectory. Short-term bottom looks to be in and the risk of more bloodshed is a lot lower than it was months, weeks, or even days ago. Swing idea.

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Kidpik Corp (NASDAQ:PIK) stock was very active in the last hour of trading and after hours on Friday. It traded over 50% of its authorized shares and I think it will gain momentum in the days and weeks ahead. This was a $3.5 stock four months ago.

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Tricida Inc (NASDAQ:TCDA) is still on watch for an impressive breakout. I'm looking for a run to 60c at least.

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Canoo (NASDAQ:GOEV) The buying was coming quickly on Friday for this stock. I am interested to see if it keeps going tomorrow.

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

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17:38 | |

Sunday, September 04, 2022 

Top Stock Trade Ideas for the upcoming week

 

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Bright Minds Biosciences Inc (NASDAQ:DRUG) The stock finally broke the hourly falling wedge formation on large volume. The technical chart shows buyers are back. With the surge on Friday %K line is again on top over %D line showing the stock is back to a new rally. A move towards $2.50 can be expected as long as $1.52 holds.

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I have been following SuperCom Ltd. Ordinary Shares (NASDAQ:SPCB) 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. At the bottom of the chart is the accumulation/distribution line, and readings on the indicator suggest the stock has been under strong accumulation lately. The stock needs to break Wednesday’s high of $.41 to expect a strong rally at this point. I took a strong/long position last week. Note: The company already awarded several contracts in the last few months that are worth several million.

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Kidpik Corp (NASDAQ:PIK) Another interesting small cap for the month of September. The company continues to form a base around the $1.9's as we get ready for another major move higher. A break of $2.39 EMA100 with force might give the stock room to $4

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Mullen Automotive Inc (NASDAQ:MULN ) 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 levels in the days to come. Watching if this can go into $.74's next week to test/break the long downtrend line.

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BioXcel Therapeutics Inc (NASDAQ:BTAI) is showing positive momentum as the stock tests a basing pattern breakout level. Breakout watch over $15

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Reviva Pharmaceuticals Holdings, Inc. (NASDAQ:RVPH) decisively broke the bull flag formation with a big bullish engulfing candle and might soon find itself in next resistance at the 3.10 area

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American Resources Corp (NASDAQ:AREC) has been on a nice uptrend recently and could be ready to breakout again. Waiting for a break and closing above the $3.45 level for a long position.
 
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

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19:30 | |

Sunday, August 14, 2022 

A few small caps on my Top watchlist for next week

 

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Kidpik Corp (NASDAQ:PIK) closed up double digits on Friday above its declining EMA100 for the first time in months and could see some nice upward movement next week. This thinly traded stock was trading over $3.5 a share a little less than a month ago. It has dropped on low volume and looks ready to post a counter rally. Considering the apparent lack of shares in circulation and the big short interest I don't think it will take much buying interest to get moving. Watch it over 2.69 next week for a nice short squeeze, once it starts to squeeze higher there is really no telling exactly where it will go. One thing we do know, shorts need to buy back stock to profit from their bets, which only adds fuel to the fire. Note: The company will report its second quarter 2022 financial results after the market closes on August 16, 2022

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Nautilus, Inc.(NYSE:NLS) the technical chart is looking good for this stock and we could be looking at the start of a sustained price recovery. 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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Ontrak Inc (NASDAQ:OTRK) I really like this small bio cap, although the price sits at recent lows, I feel it deserves a much higher valuation. Watch it over 91c for continuation next week.

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Minerva Neurosciences Inc (NASDAQ:NERV) I think this stock will post a sharp rally from current levels. This was a $7 stock last week and at $3.29, in my opinion, there is a compelling risk/reward scenario for a new swing trade. The risk is the stock continues to fall, the reward is a swift 30-50% type move for this low floater play. Long setup on watch.

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Sharplink Gaming Ltd (NASDAQ:SBET) I've been behind this stock for quite a while now. On Friday, the stock closed at $1.25 a share above the declining EMA100 for the first time in months and looks poised to continue its move higher next week. I always felt this stock was a great buy at its lows, and even now I believe there is profit potential from these prices. Buyable on any dip.

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Bitnile Holdings Inc (NYSEAMERICAN:NILE) is a candidate to be traded in breakout mode next week. The Daily technical indicators are looking better for the stock with MACD indicator above its sell signal line, %K line on top of %D line and RSI indicator moving up above the 50% level. This is one for the bottom pickers. Keep an eye for a possible breakout over $.38

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G Medical Innovations Holdings Ltd (NASDAQ:GMVD) I still like this stock for a nice rebound in price.Typical Cup and Handle bottom pattern. Neckline 42c the break of this level could send it to 75c

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Mullen Automotive Inc (NASDAQ:MULN) Potential triple bottom formation is seen after prices remain supported at key support zone 75c-82c. This stock in the past has gotten very hot, and we could be seeing that again. MACD is also displaying a positive divergence.

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

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15:01 | |

Saturday, June 11, 2022 

Some small-caps are showing surprising resilience, worth a look

Small cap stocks have heated back up this month and should continue to gather some attention due to its historical low valuation that a lot of stocks are hitting. I brought charts which I think will get some interest in the coming days. The point of this post is not to say that large caps are not also providing good setups for next week, but rather taking the opportunity to explore the good momentum of the small cap market and find out the best setups that could provide us great/highly lucrative swing trades (breakout or bounce). 

I don't care if the market goes down or up. I'm here to trade and make money in whatever the market offers. If you are afraid of a recession or a market selloff, go home, this market is not for you. A real trader, trades in all types of markets. You don't need to trade everyday in my opinion to make money in the stock market. Wait for a good set up to show up and then bet what you can afford. Waiting for the right trade to show up is the most difficult part of the trade. Let me share some trade ideas.

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Kidpik Corp (NASDAQ:PIK) stock is back to levels it previously bottomed out in March. I took a position on Friday as I suspect that it could provide another great swing trade from current levels. As you know, the last time I traded it we made a huge profit. Let's wait and see now.

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Cyngn Inc (NASDAQ:CYN) Last week the stock finally filled the gap from late April. Daily MACD is starting to curl to the upside which is showing signs this may be nearing a bottom point.

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Cyren Ltd (NASDAQ: CYRN) The good news bolstered the stock last week and could signal another potential rally for this stock. It certainly deserves watching going forward. Breakout watch over 2.65

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E-Home Household Service Holdings Ltd (NASDAQ:EJH) A quick burst of buying pushed this stock above the EMA20 before closing the day at $.38. It's taking less volume to move this stock. If the buyers continue to surface on Monday we should see $.50 - $.75 in the short term. Plus, broke and closed above the downtrend line, signaling a potential trend reversal.

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AeroClean Technologies Inc (NASDAQ:AERC) just keeps heading higher. I like the way its been trading lately. Breakout watch over 14.23

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I know many have lost money on Blue Apron Holdings Inc (NYSE:APRN) as it continues to fall, but at some point this stock will find a bottom and post a strong rally. Could it be right here at $2.53? I would like to point out that Sanberg Joseph N. purchased more than 3M shares at $12 per share on April 29th. More than 30% of the float is sold short. This is a potential big short squeeze play.

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Sharplink Gaming Ltd (NASDAQ:SBET) has started to break out after trading near its all-time lows for several weeks. I like this stock and I think it can post big gains at some point in the future.

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

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19:12 | |

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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