AC Investor Blog

Ten symbols with interesting patterns to trade next week

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PVH (NYSE:PVH) is a candidate to be traded in breakout mode. The 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 from the 50 level. Keep an eye for a possible breakout over $110.89

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We are on the verge of a possible trend reversal trade setup in the shares of Macy's (NYSE:M) after a healthy consolidation. The stock looks like it could be getting ready to go! Good technical and decent fundamentals here. The stock is worth a close look.

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My new big pick is Odonate Therapeutics Inc (NASDAQ: ODT). The stock made an awesome move yesterday breaking out of a major resistance line with volume backed confirmation. I went long at $3.85 as it's quite possible we should see a short term move near $4.97/share. The technical chart shows a bullish sign with %K line on top of %D line and MACD rising. Yesterday’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. Mega Gap to fill here.

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Pyxis Tankers Inc (NASDAQ:PXS) is one for the bottom pickers. Upside volume is picking up and a rounding bottom is taking shape. I have been following and accumulating this stock for a few days now. The trend should resume back up in the very near future. I could be wrong, but I did not find a reason for the drop in shares as it did. It was likely a consequence of the negative market environment in the small cap index. Consider shares to be at a bit of a discount if my speculation is correct. And honestly I have a lot of confidence regarding this.

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aTyr Pharma Inc (NASDAQ:LIFE) is beginning to make a move higher. Yesterday's fight toward the 20-EMA could represent the start of a larger trend change. Key resistance is located at $4.68, a break above this level will confirm the bullish trend and the following uptrend will take the price up to the $5.5 zone

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A move on Fubotv Inc (NYSE:FUBO) above $26.2 could spark a nice short-squeeze next week. Looking at the technical daily chart there are several indications I see which suggest a potential bottom formation, including large positive divergences on MACD in daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at $33.3-34.72, at the very least. Until that happens, traders will want to be on high-alert to the possibility of a bullish reversal. Long setup on watch.

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Building a nice falling wedge, holding above EMA100. A move on Wisekey International Holding AG (NASDAQ:WKEY) above $12 could spark a nice short-squeeze. The stock will move very quickly, so watch the stock very closely over the next few trading sessions.

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I'm watching ATA Creativity Global (NASDAQ:AACG) again as the stock looks to be setting up for a big upside move in line with the other EDU China stocks. Potential upside of 60% exists for the stock, based on a current level of $4.06 and analysts' average consensus price target of $6.50. The stock should find initial resistance at $4.14 and further resistance at its 20-day EMA of $4.32

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Greenpro Capital Corp (NASDAQ:GRNQ) With Bitcoin making new highs, this stock should be in your watchlist on Monday. A break above 3.18 will impart bullishness and will help the stock move to the short-term target zone of the 3.75-4.1 range.

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Riot Blockchain Inc (NASDAQ:RIOT) Love this triangle formation on 4h chart. Needs to break out either side to see significant moves.

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: AACG, FUBO, GRNQ, LIFE, M, ODT, PVH, PXS, RIOT, WKEY

14:58 | Permalink |

Stock market swing trade ideas for the week ahead

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Pyxis Tankers Inc (NASDAQ:PXS) has witnessed an excellent uptick overall during the past few sessions and it has been correlated with increasing volume. The stock closed 8.74% higher to 1.12 on Thursday after consolidating over 1 week within a narrow range. Considering the recent increase in volume, accumulation and money flow, I believe PXS could make a solid move higher given both its fundamental and technical factors. Momentum picking up with MACD climbing and RSI rising. In the past, PXS has experienced surges in valuation of over 50% in just days. MACD History on the chart above repeats for itself. Keep a close eye on PXS next week because it could be a strong play.

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Houston American Energy Corporation (NYSEAMERICAN:HUSA) shares decreased nearly 50% from a couple weeks ago after making a big uptick. Now share prices are ready to make a solid move, since it has started recovering from its rising EMA200 support zone. Additionally, its accumulation remains very high during the consolidation phase which is a very positive sign. So don't ignore it, consider taking advantage of the situation before the crowd. The daily MACD histogram has started to diverge positively and RSI is turning up. HUSA is another small Oil play that needs to be at the top of your watchlist next week.

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CASI Pharmaceuticals Inc (NASDAQ:CASI) moved up about 9.22% on strong volume last week and it looks like a lot of traders booked gains from the upwards run, but I did exactly the opposite. With the resistance level already identified on the charts and with the huge insider activity revealed, I used the pullback to take a big long position. Usually when insiders buy shares, especially in large amounts it is a sign that positive things are coming. If CASI can keep going up and break the resistance at 2.50 this could further confirm the uptrend and would give a measured move target of nearly 3.25

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WISeKey International Holdings ADR (NASDAQ:WKEY) This NFT play is worth watching here.There is a positive MACD divergence on the hourly chart and this usually means that an upward movement is coming. On watch.

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Greenpro Capital Corp (NASDAQ:GRNQ) Some serious upside volume coming into this stock over the last few days. Correction is very flat and is showing me that the buying pressure remains strong. Look at the big volume bars. That is serious accumulation. Bullish continuation is very probable IMHO if it breaks 3.30 next week, the move could be explosive.

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Qualcomm (NASDAQ:QCOM) price broke out of a bottom pattern. Long entry triggered first target 142.85 From a technical standpoint, the stock has an up trending MACD, indicating potential accumulation and an up-trending RSI at 55 indicating room for potential further gains.

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The technical chart of Thomson Reuters Corp (NYSE:TRI) looks fairly appealing for a possible short term trade. The stock price is forming an ascending triangle pattern on a daily. If price breaks out above 89.69 then we should probably see a significant move to the upside next week.

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Hartford Financial Services Group Inc (NYSE:HIG) in another box (flagging), wait for the break.

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Camber Energy Inc (NYSEAMERICAN:CEI) Price should become explosive if this chart pattern is broken to the upside with volume. I want to go long this stock on a move above $1.14 for a day trade.

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Stag Industrial Inc (NYSE:STAG) breakout over $34.58 for a day trade.

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Evofem Biosciences Inc (NASDAQ:EVFM) Keeping my eye on this one. Nice candle yesterday on decent volume. Volume gap area.

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: CASI, CEI, EVFM, GRNQ, HIG, HUSA, PXS, QCOM, STAG, TRI, WKEY

20:10 | Permalink |

Here are some trade ideas for the coming week

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Biocept Inc (NASDAQ:BIOC) seems to be in a good short-term bullish momentum. Key resistance is now located at 60c. A break above this level will confirm the bullish trend, and the following uptrend will take the price up to 80c zone. The accumulation/distribution line is heading upward and rising showing there is growing buying interest in this small bio cap. In addition, the Relative Strength Index is also moving higher, which is a sign of growing strength in the stock. Also the MACD is giving a positive indication. Possible breakout play next week.

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Applied DNA Sciences Inc (NASDAQ:APDN) Last week the stock finally filled the gap from the start of May. On Friday, the stock rose 17 cents to 7.21, closing once again above the rising 4h EMA200 indicating potential further upside recovery testing 7.92 (4h EMA100). A Break above that area could trigger further bullish momentum testing 8.59 and 9.2 region. Short-term technical indicators are improving and MACD is about to trigger a buy signal while RSI is turning up from extreme oversold conditions. Let's see if next week the stock will breakout this descending channel and continue uptrend to 9

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Plus Therapeutics Inc (NASDAQ:PSTV) has been wide-ranging over the past week after a strong pullback. Former runner could get going again over 2. There are signs of a reversal as the MACD histogram is starting to reverse and the RSI has bottomed.

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Evofem Biosciences Inc (NASDAQ:EVFM) is very oversold which usually implies a bull run is coming. The stock was over 6.8 last month and closed Friday at 2.90. We could see a sharp rally out of these oversold conditions. I took a long position.

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Cocrystal Pharma Inc (NASDAQ:COCP) The major resistance has been broken in this chart. The price can move up to 1.65-1.8 in the short-term. The technical daily charts are showing positive signs of further strength. Now that the stock is above this horizontal resistance line more buyers should be coming.

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Adial Pharmaceuticals Inc (NASDAQ:ADIL) former runner, basing nicely here. Could pop again. Resistance stays at 1.58. Once the stock breaks through resistance, we should see strong volume as the stock will breakout and move higher. Keep watching the stock.

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Genius Brands International Inc (NASDAQ:GNUS) A sharp recovery rally was seen on Friday after it broke the falling wedge pattern at $4 levels. For the coming week, as long as prices hold, the support of 4 levels could see upside rallies towards 4.55 followed by 4.8 or even higher to 5.5 levels. From the technical 30m chart, both MACD and RSI show bullish signs. SL should be placed at 3.79

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Bilibili Inc (NASDAQ:BILI) seems to be forming an ascending triangle pattern on its daily chart. This technical pattern has been developing since mid-May. By measuring the height of the triangle, at its thickest point, this pattern presents a 44 possible price target. Only a close on volume above the resistance at 36.47 can validate this pattern. Long setup on watch.

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Just one more push to change the trend. Perspecta (NYSE:PRSP) was one of the winners on Friday, as the stock closed up $4.12 or 19.56% on the day with high volumes. From a technical standpoint, the stock is in a short-term Bull Market with share price above all key EMAs. Breakout at 25.69 Watch for the next leg up

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Mersana Therapeutics Inc (NASDAQ:MRSN) flagging in the 20 area. Watch for a move above 21 on volume to break the stock out.

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NanoViricides Inc (NYSEAMERICAN:NNVC) is close to a breakout above 7.44. The stock price action has remained under its daily 50-day exp moving average for some time, however a positive divergence on MACD histogram indicates demand at lower levels which could support a pullback rally. A break above 7.44 would be very bullish.

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Pyxis Tankers Inc (NASDAQ:PXS) I will watch this descending channel for an upside break. The price can move up to 1.15-1.25 in the short-term.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: ADIL, APDN, BILI, BIOC, COCP, EVFM, GNUS, MRSN, NNVC, PRSP, PSTV, PXS

19:33 | Permalink |

Some interesting chart setups to watch next week

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Nio Inc (NYSE: NIO) Keep on watch, this one may breakout of its downtrend line next week. If it breaks and close above the $7 level again, the stock price should be ripe for a long trade. All technicals are looking positive now and the short-term outlook continues to look bullish.

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Nice Breakout on volume. (Alerted on twitter at 1.55). Friday’s high of $1.67 is resistance for the next upside move. If the stock can break through this level, we should see another move to the upside. Euroseas Ltd. (NASDAQ: ESEA) hit a high of 3.87 in the month of October, so keep it on your radar for the next few days.

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Real Goods Solar, Inc. (NASDAQ: RGSE) On my watch list. The stock showed relative strength on Friday compared to rest of market, following a report of insider activity. CEO and Director purchased a total of 250000 shares last week. 49c is pretty much the pivot here. If the stock closes above this key level next week, momentum traders are likely to send the stock up to 72c again.

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Pyxis Tankers Inc (NASDAQ: PXS) rallied hard Friday on heavy volume. If it clears back over 2.40, may have some good upside.

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Novelion Therapeutics Inc (NASDAQ: NVLN) has been trading heavy volumes recently and continue to impress with another show of strength. Could move toward $2.35 area if it breaks and closes above the declining 50-day EMA (at 1.88). Momentum picking up with MACD climbing and RSI rising. Watch for continuation. Stop 1.46 (just in case).

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Adding LM Funding America Inc (NASDAQ: LMFA) to my watchlist. Nice gap to fill if it can break through $2.1 price level. Long set-up on watch. A positive divergence on MACD Histogram could be a sign that prices will soon begin to rise.

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Boxlight Corp (NASDAQ: BOXL) broke out of its long-term downtrend line last week and surged considerably higher amidst impressive buying pressure. I'm going to keep an eye on it and see how it reacts next week. The outlook is now positive and a move to 4-5 appears likely.

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I keep watching Twitter (NYSE: TWTR) waiting for this stock to break out of its Bullish consolidation. Go long on a close above 35.12

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: BOXL, ESEA, LMFA, NIO, NVLN, PXS, RGSE, TWTR

19:24 | Permalink |

Stocks to keep an eye on Wednesday, January 10

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Helios and Matheson Analytics Inc (NASDAQ: HMNY) A break and close above $7.75 might trigger further gains in the near term. Daily technical indicators are turning bullish.

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I think Pyxis Tankers Inc (NASDAQ:PXS) has found support around the $2.2/2.30 range and looks poised to post a strong bounce from here. We could see a possible bounce up to $3.5-$4 a share if it can get passed the resistance at $2.99. I bought few shares on Tuesday.

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Sunshine Heart Inc (NASDAQ:CHFS) Still watching for a move out of this bottom trading range. Big volume on up days lately. This stock has a lot of potential for a squeeze. On watch.

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vTv Therapeutics Inc (NASDAQ:VTVT) Watch for the break of this bullish flag formation, go long when it breaks.

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LiNiu Technology Group (NASDAQ:LINU) Closed back above the EMA200. Watch for this one to go higher, the stoc had good volume and a nice big candlestick on Tuesday.

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BlackBerry Ltd (NYSE:BB) shares could shoot higher as shorts continue to get squeezed. A breakout above 14.55 could attract further fresh buying interest and could potentially set the stage for another significant leg higher in the stock. Immediate resistance 15.77

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: BB, CHFS, HMNY, LINU, PXS, VTVT

10:27 | Permalink |

AC Investor Blog

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

Saturday, April 10, 2021

Ten symbols with interesting patterns to trade next week

Friday, April 02, 2021

Stock market swing trade ideas for the week ahead

Saturday, June 13, 2020

Here are some trade ideas for the coming week

Saturday, November 10, 2018

Some interesting chart setups to watch next week

Wednesday, January 10, 2018

Stocks to keep an eye on Wednesday, January 10

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