AC Investor Blog

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 |

Several great chart setups to watch next week for Big, Mid and Small Caps

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I hope everyone is enjoying their long weekend.

Get ready for a potential money-maker. SOLO is the first symbol I want you to look at because it could be very explosive.

The iPhone of cars? This statement seems to be exaggerated but only the time will tell, however i took a long position on Friday after read the chart and this interesting article from Benzinga. SOLO is trading at a base on low volume, which is a nice setup for a fast move back to where is was only a few trading sessions ago. Hence, if buying presure enters the stock as I suspect, share prices could rise siginificantly. Looking at the chart, we can see that this stock is a former runner with a history of making big moves, and indicators are now starting to turn up again showing upward momentum. A convincing move above $1.5 can lead to a breach of the blue line (EMA20) around 1.99

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Sphere 3D Corp (NASDAQ: ANY) Technicals look suprisingly optimistic. The stock traded nicely last week with limited resistance allowing an increase to higher levels, and that is a good sign if you are looking for an opportunity to play the trend of an upward moving stock. The trading volume also remains high, which is always positive to see. Daily technical indicators are looking bullish. MACD is rising above its signal line, while RSI still in positive territory. Levels to watch next week. Resistance lies at 7.18 and support at 4.25

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DavidsTea Inc (NASDAQ: DTEA) is time to consider loading up now. Watch for the break of is descending trend line, and go long when it breaks on volume.

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Overstock (NASDAQ: OSTK) gapped up Friday on positive news from the company and finished the session up nearly 24% on the heaviest volume since August. Watch next week for a break above the declining EMA50 located at 22.64, but don't be surprised if you see a break above the $24 level and a move towards the highs of October due to the heavy short interest.

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CorMedix Inc. (NYSEAMERICAN: CRMD) jumped 15 cents, or 12.6 Friday on solid volume. The strength of current momentum could extend next week and push the stock above the previous high set earlier this month at $1.54. If this breakout occurs we could see CRMD in the $1.60-$1.80 area in the next couple of trading days.

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Sesen Bio Inc (NASDAQ: SESN) had a nice surge a few weeks ago and has been in a correction mode. The stock is displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at $1.9. If this level is crossed and the stock is able to sustain above this level, then it might go to $1.90. Short-term technical indicators are improving and MACD is about to trigger a buy signal while RSI is rising. Keep an eye on SESN next week.

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Vaxart Inc (NASDAQ: VXRT) is recovering quickly from its recent bottom with MACD moving upwards. It looks like it wants to breakout of this small range, but has not been able to gain the needed momentum. You should keep this stock on your screen radar.

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Matinas BioPharma Holdings Inc (NYSEAMERICAN: MTNB) has a very interesting daily chart and could have a bigger move soon. The break of the next key resistance line with heavy volume should be the next buy point . If it clears resistance at 80c, the move may be powerful. Despite recent decline, the daily RSI remains in the neutral zone and the golden cross has also appeared in the daily chart and may support the bullish argument here. Still on watch.

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Apple Inc. (NASDAQ: AAPL) has corrected 11% in just 4 trading sessions last week breaking all major supports and now 170 and 168 are next major supports. There is also in this area a gap to fill, however and based on the history of the stock, every time it reaches very oversold levels the bounce is strong and fast and could happen very soon.

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Nio Inc (NYSE: NIO) is displaying an inverted Head and Shoulders formation, which many traders consider a bullish reversal pattern. We need to breakthrough the neckline located at 8.3, before this pattern is complete. This could be a big clue as to where direction heads next. I would not be surprised to see the neckline to be broken soon. There are several technical indications suggesting that the stock could make a move to higher levels. Still on watch.

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Watch this downtrend line and play accordingly. Momentum indicators suggest continuation of positive bias for the stock. Lets keep an eye on it.

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Iclick Interactive Asia Group Ltd (NASDAQ: ICLK) may be ready to break out of this potential bullish flag consolidation. Only a close above 3.95 would suggest further upside. Accumulation line is pointing up, which means it is under accumulation. The MACD is also moving higher. ICLK will move quickly, so keep it on your screen.

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Real Goods Solar, Inc. (NASDAQ: RGSE) nice breakout last week. Congrats to those who jumped into the game early around the 44c level when i alerted (unfortunately i sold too early at 55c) At this point, watch for trend continuation toward 70c zone short-term. The breakout of the small bullish pennant formation that the stock has been was a very positive sign, and I expect continuation of the trend 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: AAPL, AMD, ANY, CRMD, DTEA, ICLK, MTNB, NIO, OSTK, RGSE, SESN, SOLO, VXRT

18:12 | Permalink |

Interesting setups that you should watch next week

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When the stock market is down, should we buy or sell? Thats always the million dollar question for many investors. Your instinct probably says yes, but looking at this daily chart formation, it maybe wise to buy rather than sell, because of the December effect. While buying the dips can be scary for investors, it's been a great strategy in recent years, especially in this particular season of the year. The rising accumulation line also indicates that smart money is doing exaclty that. Above chart shows what it looks like to be a head and shoulders bottom pattern or in other words an inverted head and shoulders, which is the first sign that a bearish trend is about to end. The inverted head and shoulders formation represents a decline to a new low and a rally to immediate resistance, followed by a second decline to a lower level, then a third, more modest decline and rally through resistance. However, take note that the index must break the neckline of this pattern located at 2816 in order for it to be a valid inverted head and shoulders. Many market participants and friends are reluctant to believe in a Santa Claus rally this year, but im confident that we will see it happens once again.

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Applied Materials, Inc. (NASDAQ: AMAT) stock chart is also displaying an inverted Head and Shoulders formation. The good reaction to bad news "Guidance" is the ultimate indicator of positive sentiment for next week. If a company releases bad news and its stocks are going up, it may mean that all bad news are priced in JMHO. The break of "neckline" resistance next week, could lead to a nice short squeeze and one that will be fun to watch.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) continues to be bought on dips as accumulation chart suggests. The near-term bias remains neutral but a daily close above $22 will shift the bias to bullish.

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Watch Real Goods Solar, Inc. (NASDAQ: RGSE) to go higher, the stock had good volume and a nice big candlestick on Friday. This was on my watchlist last week for 51c break.

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Digirad Corporation (NASDAQ: DRAD) was over $1.58 last month and closed Friday at $1.03. Insiders purchased more than 40k shares in the last 2 weeks. We could see a sharp rally out of these oversold conditions.

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Second Sight Medical Products Inc (NASDAQ: EYES) still in play for me. I'm following the smart money here. Director purchased 6M shares in just 4 months. Plus, the stock is very oversold. This chart shows the velocity of amplitude "move" that stock does, everytime it reaches extremely oversold conditions. On watch for a big bounce.

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MTNB stock is holding its ground really well above its key EMAs and the golden cross is about to HAPPEN for the first time in months, which is a strong bullish signal. It could see a nice bounce here.

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AEterna Zentaris Inc. (NASDAQ: AEZS) broke out to new highs Friday on heavy volume. The stock has been on fire and it is hard to predict how far the momentum will take the stock. If you want to ride the uptrend as long as possible, you can hold the stock with a trailing stop.

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: AEZS, AMAT, AMD, DRAD, EYES, MTNB, RGSE, SPX, SPY

18:10 | 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 |

Potential bounce next week ? Some great setups to watch

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Apple Inc. (NASDAQ:AAPL) printed an impressive bullish reversal candle on the daily chart yesterday after a decent rally into the close, but bulls failed to close above the 200-day EMA. If the stock can break Friday's high, I think we will rally back to the $165 level.

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BlackBerry Ltd (NYSE:BB) bounced sharply up again from its major support zone (uptrend line) on the daily time frame. The support zone mentioned above has shown that there was a buying pressure, which has pushed the price higher and once again the stock closed above the rising 100-day EMA. The recent history of this stock suggests that investors can reasonably look for a rally to new highs if the price regains the 100-day EMA and holds above it (yellow arrows). Plus, momentum indicators are curling up and the RSI will likely cross higher over the next few days. Will watch the stock closely next week.

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Alphabet Inc (NASDAQ:GOOG) also bounced strongly from its key support line around 990 Friday on volume, recouping some of the deep losses of the previous day. This zone of support has held price higher in the past, so we may see history repeat itself here. If it holds support at or above 1000 then initial upside objective is 1078, followed by 1115 next pivot zone.

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Riot Blockchain Inc (NASDAQ:RIOT) Coiling up here under its 20-day EMA. Looking for movements above 16.41.

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OvaScience Inc (NASDAQ:OVAS) looks bottomed on hourly/daily and poised for a big bounce. This stock has a history of big moves and is just now reversing off 91c all-time lows. Short-term momentum oscillators have rolled bullish with MACD giving a buy crossover. So,we can expect a bounce towards 1.35/1.52

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Congrats to those that took full advantage of my alert on Inpixon (NASDAQ:INPX) on Thursday afternoon at $3. There was nearly 70% potential gains delivered on the back of 7.2M shares traded. Real Goods Solar, Inc. (NASDAQ:RGSE) is also a small float stock that i like for big bounces. Looking at the chart above, the stock seems to have broken out of the falling wedge pattern with good volume, usually a very signal. The story of another big bounce is picking up steam and getting more attention again. Definitely on watch next week.

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Clean Diesel Technologies, Inc. (NASDAQ:CDTI) has a very interesting daily technical chart and could have a bigger move very soon. The break of the immediate resistance of 1.36 with heavy volume should be the next buy point. If it clears resistance the move may be powerful. Im long.

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Advanced Micro Devices, Inc. (NASDAQ:AMD) was also added to my watchlist as a possible bottom bounce-play. The hourly technical chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. On watch.

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Intel Corporation (NASDAQ:INTC) reversed the declines on Friday and closed back above the 20-hourly exponential moving average and momentum is increasing. Short-term bottom seems to have been confirmed as we had strong volume that spiked on the reversal. If it breaks this descending channel next week, it could resume the uptrend.

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, AMD, BB, CDTI, GOOG, INPX, INTC, OVAS, RGSE, RIOT

15:59 | Permalink |

My Watchlist for Wednesday, March 22

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Pulmatrix Inc (NASDAQ:PULM) Starting to look strong again. The stock closed above all EMAs and out of this Bullish flag formation. Watch for continuation.

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Real Goods Solar, Inc. (NASDAQ:RGSE) is screaming for a bounce opportunity and I think we can see some nice moves ahead. Technically the ADX and MACD are showing a bullish divergence and the RSI is beginning to curl back up. On Friday, CEO purchased 15,000 shares of stock at 1.43 for the first time in years. The puchasing of shares from CEO should give a boost to the disappointing peformance of the stock which went from $8.91 per share in January to 52 weeks low of 1.21 on Thursday. I took a position today, looking for a run to +$2.5

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OraSure Technologies, Inc. (NASDAQ:OSUR) needs to take out 12.08 in order to convince bullish buyers at these levels. Keep on watch.

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Sibanye Gold Ltd (NYSE:SBGL) Watch this one as it approaches this resistance area (EMA100). All technical indicators are looking bullish. The MACD has crossed above its signal and RSI is moving up. Keep on watch.

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Heat Biologics Inc (NASDAQ:HTBX) Keep an eye on this one, looks poised to break out and run higher. Technical indicators are loooking Bullish. The company reported today positive Interim Phase 2 Lung Cancer Results in Patients Treated with HS-110 in Combination with a Checkpoint Inhibitor. Worth watching. Im long.

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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: HTBX, OSUR, PULM, RGSE, SBGL

21:22 | Permalink |

AC Investor Blog

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

Sunday, January 20, 2019

Chart setups for the coming week

Saturday, November 24, 2018

Several great chart setups to watch next week for Big, Mid and Small Caps

Saturday, November 17, 2018

Interesting setups that you should watch next week

Saturday, November 10, 2018

Some interesting chart setups to watch next week

Saturday, February 10, 2018

Potential bounce next week ? Some great setups to watch

Tuesday, March 21, 2017

My Watchlist for Wednesday, March 22

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