AC Investor Blog

Some interesting chart setups in the bigcaps and smallcaps to watch next week

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Qutoutiao Inc (NASDAQ: QTT) made a strong upside reversal Friday on solid volume. The daily technical chart above suggests that stock might find now resistance at $4.61. Only a close above this level would suggest further upside. I think this could be the spark of a new bull trend in the making. I'm watching for a follow through move on Monday.

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Aileron Therapeutics Inc (NASDAQ: ALRN) has fallen in a slow steady decline from $1.7 down to 61c with nary a bounce. I think that bounce is coming and it will be impressive to behold. The stock is likely forming a double bottom pattern and it could stage a decent recovery above 75c. There is a big catalyst in September ( ALRN-6924 and IBRANCE), so this could be a good spot to accumulate shares. At extreme oversold conditions and with a positive MACD divergence on daily, i decide to start buying shares on Friday for a possible big bounce from current levels. Risk/reward seems favorable. Short-term target 1-1.1

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Leap Therapeutics Inc (NASDAQ: LPTX) seems to have broken out of a major horizontal resistance that targets a move to 2.5 in the stock. The daily technical indicator MACD shows the stock is still in a positive momentum.

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Precipio Inc (NASDAQ: PRPO) back-tested successfully the breakout point last week and we can now move higher to test Monday's high of 4.39 Still on my top watchlist. I think this stock deserves some watching in the coming days. If the buying continues in earnest things could get very interesting.

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Revolve Group LLC (NYSE: RVLV) After touching a high of $48.36 a few weeks ago, the stock has been in a corrective phase. The stock made a nice move on Friday, breaking a key resistance and looks ready to continue on Monday. Short-term outlook is positive and a move to 40-42 range appears likely.

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Viveve Medical Inc (NASDAQ: VIVE) is forming a bottom or hit bottom Friday and look ready for a rebound. I really like VIVE here at 35c/37c and think based on the recent pennymania momentum that it could do a 50-100% type run from here. I might be a little early with this call, but in the end I think it will be very profitable.

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ShiftPixy Inc (NASDAQ: PIXY) over the last trading days has seen its stock rise from 34c to a high of 65c Friday. Volume has also been on the rise. Chart looks bullish. Keep an eye for a possible breakout over 65c. If you don't have this stock on your watchlist yet, I think now is a good time to add it.

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India Globalization Capital, Inc. (NYSEAMERICAN: IGC) closed higher on Friday as the stock looks to be bouncing off support. The stock hit a high of $1.64 on Friday, which is resistance for Monday’s follow through move. IGC can be a fast moving stock, so keep it on your radar and be ready for this upside move.

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AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) There is something important to point out in this chart, the volume is daily decreasing which could mean that the current trend will probably not continue and a reversal may be imminent. When company insiders puts hundreds of thousands of their own money into their stock, you have to believe they are doing it for a reason. They purchased a lot of shares at 1.14. This stock tends to make violent moves to the upside at support.

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Northrop Grumman Corporation (NYSE: NOC) is coming up to a big level again. I will be watching this stock closely on Monday as I expect to see a strong move once the stock breaks through resistance. A move past $325.58 would be a strong indicator of a further uptrend in the stock. Technically the stock looks solid trading above all key EMAs. My model is long.

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: ALRN, AVEO, IGC, LPTX, NOC, PIXY, PRPO, QTT, RVLV, VIVE

19:37 | Permalink |

Stocks to keep an eye on May 30, 2019

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Beyond Meat Inc (NASDAQ: BYND) cleared resistance on heavy volume and looks ready to extend its gains.

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I have been accumulationg shares of Novus Therapeutics Inc (NASDAQ: NVUS) the company has two catalysts coming up in June. Could history repeat itself? Let's keep things simple as always. Short term momentum indicators, like MACD, RSI, Stochastics are substantially oversold and showing technical signs of a reversal. Everytime the RSI has breached the level 20, has lead to a massive rally. Plus, the upcoming catalysts could also fuel a huge short covering rally after a strong drop from April highs 4.31. Let's keep an eye on NVUS as i think momentum will pick up.

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I continue to support the idea of a significant rally on shares of Workhorse Group Inc (NASDAQ: WKHS) based on the technical chart. The stock is getting a battle with resistance at $1.80 area. The stock has been consildating for weeks now, and may be ready to clear this resistance zone. The technical daily chart shows positive sign as the stock has been above all key exponential moving averages and has formed a golden cross last week. A Golden cross is when 50-day EMA crosses on top over 200 EMA and is a very bullish buy signal. Over 1.85 next stop 2.33

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Rewalk Robotics Ltd (NASDAQ: RWLK) finally broke the upper line of the downtrend channel and started the new uptrend which should take it to $5 in the short-term. On the technical side, MACD and ADX all point to upward trend while RSI is also rising.

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Amarin Corporation plc (NASDAQ: AMRN) Closed yesterday above the downtrend line and looks like it will continue to run up. Buyable on pullbacks to pivot.

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Qutoutiao Inc (NASDAQ: QTT) looks like it is getting ready to move. It has a good support around 4.6-4.7 which can be used as a stop loss for a short-term long position. On the upper side, the move is likely to accelerate above $5.40. Long setup on watch.

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Citigroup Inc (NYSE: C) watch the break of $64 for a run to $66.09

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: AMRN, BYND, C, NVUS, QTT, RWLK, WKHS

10:21 | Permalink |

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 |

Eleven chart setups to watch next week

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Advanced Micro Devices, Inc. (NASDAQ: AMD) which has been building momentum since mid-December, broke out of its bullish flag/consolidation on Friday. A move above 22.22 next week, would confirm the breakout and point next to a target zone of 23.75 to 24.5. Daily technical indicators are looking bullish. MACD is above its signal line, and both are moving up in positive territory. RSI has moved above its 50% level. Remain invested with a stop loss at $19.39

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Overstock (NASDAQ: OSTK) price broke out last week. Friday's heavy volume was what you want to see when a stock confirms the break of the resistance. From a technical standpoint, I believe it is time to be Bullish again on stock. I took profits on Friday around $19 and will wait for a pullback to pivot point to re-enter. Congrats to the followers that followed and cashed in last week’s 21.48%

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Cloud Peak Energy Inc. (NYSE: CLD) is still in my watch list for next week. Still looks strong. Looking at the daily chart above, the technical indicator A/D still shows strong accumulation, while MACD and RSI are rising. This could be the start of a short-term trend reversal for CLD, which is why I'll be watching the stock next week. Resistance is 42c, which was Friday’s high of the day. If the stock breaks through, there is a good chance you will see a strong upside move. Consistent move above this level could trigger further upside momentum re-testing 70c before testing 80c region. Im long. Note: BlackRock increased its stake last week to 10M shares or 15%

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American Electric Technologies, Inc. (NASDAQ: AETI) will be a stock to keep a close eye on the next few days. The stock is trapped between its major moving averages and imply that a breakout of the trapped zone must occur. I expect to see a high volume move once the stock breaks through 94c resistance, as traders are watching this stock closely. The OBV is showing a rising move, indicating a rising money flow into the stock. Keep the stock on your screen because once AETI breaks through resistance, the stock should take off and move quickly. As i tweeted, I added to my portfolio on Friday.

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Trillium Therapeutics Inc (NASDAQ: TRIL) is on the verge of a BIG breakout. The stock ended the day with a strong gain of 18 cents (11%) to $1.76. It pushed higher throughout the day and closed out the session near its highs. This creates a bullish scenario for Monday, one in which the stock opens the day a few ticks higher and then continues its rally. From a technical standpoint, there are some signs of a possible bounce due to the oversold indicators and some positive divergences on daily MACD, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $1.80. This stock runs fast.

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HUYA Inc (NYSE: HUYA) had a very good bullish rally on Friday accompanied with large volume, breaking out of a small consolidation period. Short-term targets are 23.85 and 24.19. The MACD is rising and still in the positive zone. Long setup.

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Qutoutiao Inc (NASDAQ: QTT) strong bullish bar on Friday with a close near the highs of the day. Watch for a follow through day on Monday. Next major resistance lies at 9.78

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Rewalk Robotics Ltd (NASDAQ: RWLK) is threatening to break through the 31c resistance level which would be a very bullish sign. If it breaks, we could see 40c quickly. The stock price has been strong over the past weeks, so watch it closely the next few trading sessions. GREAT ARTICLE to read this weekend: Bill Gates Examines Exosuits at the Wyss Institute at Harvard

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VirnetX Holding Corporation (NYSEAMERICAN: VHC) Looks to have a bull flag pattern on it after a couple of powerful days into it. Next buy point would be on the day the stock blows through $5.4 on heavy volume to test the recent highs. The stock will continue in its bullish movement upward as long as the stock holds and stays above the $5 level.

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NVIDIA Corporation (NASDAQ: NVDA) closed back above the declining EMA50 for the first time since October. Stock is on my watch list for next week. The stock price can potentially set-up well for a swing-trade, if it confirms this breakout.

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JinkoSolar Holding Co., Ltd. (NYSE: JKS) On my swing long list. Strong Breakout. The technical daily above chart is showing buy signal with stock trading above 50-day and 200-day exp moving averages with MACD on top of signal line in positive territory and %K line on top of %D line. Watch for next leg up. Technically, dips should be bought. Long setup.

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: AETI, AMD, CLD, HUYA, JKS, NVDA, OSTK, QTT, RWLK, TRIL, VHC

19:41 | Permalink |

AC Investor Blog

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

Saturday, July 06, 2019

Some interesting chart setups in the bigcaps and smallcaps to watch next week

Thursday, May 30, 2019

Stocks to keep an eye on May 30, 2019

Saturday, March 16, 2019

12 Technical Charts To Watch Next Week

Saturday, January 26, 2019

Eleven chart setups to watch next week

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