AC Investor Blog

Some stocks worth watching next week

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Viking Therapeutics Inc (NASDAQ: VKTX) jumped 99 cents, or 7.44% yesterday, breaking key resistance at 13.76 as well as the upper line of descending channel. Friday's action suggests we could see continuation of the trend in the next couple of days toward the next resistance level around the 15.5 area.

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Micron Technology, Inc. (NASDAQ: MU) Friday's hammer candle suggests a possible short-term bounce imho to $40's. Positive divergences showing up on indicators also confirm that we'll see some upside movement very soon. Obviously the trend is clearly down right now, but finding the right spot to get in before the bounce can be a lucrative move. I entered again before the close. Lets see what next week will bring us.

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Emerge Energy Services LP (NYSE: EMES) has found support around the $2.22-$2.30 range and looks poised to post a significant bounce from here. It is very oversold and I think the next rally could be a sustainable one for at least the short term. This was a stock that was trading at over $10 a share in January. The high volume on Friday in a RED tape could signal that investors believe the stock is extremely undervalued at current levels or shorts are covering. We could see a 30-50% possible bounce up to $3.25 - $3.5 a share if it can get passed the resistance at $2.52

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Advanced Micro Devices, Inc. (NASDAQ: AMD) is hitting a major support with a very oversold RSI. I think the risk of continued downside at current levels, while obviously present, is a lot less than the possibility of a sharp oversold rally or bounce. I believe there is profit potential from these prices. On watch.

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InspireMD Inc (NYSEAMERICAN: NSPR) I still think this stock will post a sharp rally from current levels. This was a $1 stock in June and at $.25, in my opinion, and also based on the accumulation line (still rising: under accumulation) there is a compelling risk/reward scenario. Honestly, NSPR is in the midst of that dramatic bounce, one that could see it hit $.48 or more a share in short-term. Note: low-priced "penny stocks" is always risky, so be careful with the size.

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Pain Therapeutics, Inc. (NASDAQ: PTIE) the chart looks great again for this stock and I think its poised to hit $1.44/1.5 short-term as the selling has abated and the new uptrend should bring new interest into the stock.

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With a conference scheduled for next week Biocept Inc (NASDAQ: BIOC) is a stock I think deserves some watching over the coming sessions for a potential short-term reversal.

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ENDRA Life Sciences Inc (NASDAQ: NDRA) The last few days has seen increased volume and price. This is worth watching and possibly stepping in for a trade at some point. This stock has been flying under the radar of many traders and deserves a look going forward.

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Proteostasis Therapeutics Inc (NASDAQ: PTI) Good long setup, if it takes out the 6.3-6.45 zone on volume next week.

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NII Holdings Inc (NASDAQ: NIHD) appears ready for a breakout above key resistance at 6.44 area. If breakout occurs, I expect to see the NIHD move toward the 7-7.2 area.

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Rambus Inc. (NASDAQ: RMBS) looks like a great bottom type play. Technical chart is displaying several positive divergences. I think RMBS will post a nice rally from here and deserves being added to your watchlist.

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, BIOC, EMES, MU, NDRA, NIHD, NSPR, PTI, PTIE, RMBS, VKTX

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 |

My Watchlist for Tuesday, October 31

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Do you have Izea Inc (NASDAQ:IZEA) on your radar for Tuesday? The BUZZ is picking up again on this name and it could have another good day tomorrow. The stock broke out of a falling wedge pattern today and such breakout indicates a bounce towards the $4 level.

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Despite the bearish market action today, BlackBerry Ltd (NYSE:BB) stock performed well relative to the whole market. This big bullish engulfing candle means a shift of momentum and the beginning of a bull trend. We are going to test the highs very soon.

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Rambus Inc. (NASDAQ:RMBS) bounced strongly from 13.8-14 area as expected (previous resistance now support) and could make a new high tomorrow above the 14.50 level. Still on my top watchlist.

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Transenterix Inc (NYSEAMERICAN:TRXC) Flagging on hourly above the breakout. Worth watching long above 3.03

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Ampio Pharmaceuticals Inc (NYSEAMERICAN:AMPE) is breaking out of pennant pattern with momentum. Worth watching long above 1.34

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Global Blood Therapeutics Inc (NASDAQ:GBT) finally broke out of a bullish consolidation pattern today that has been a pause in its steep move in September. Look for follow-through on Tuesday with increasing volume to confirm today's move.

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: AMPE, BBRY, GBT, IZEA, RMBS, TRXC

21:30 | Permalink |

My Watchlist for Monday, October 30

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NVIDIA Corporation (NASDAQ:NVDA) is in a strong bull Market. The stock hit a new all-time high on Friday, making a run and breaking the psychological level of $200 and out of a consolidation pattern. All key technical daily indicators are in bullish zones, but showing some negative divergences by failing to touch new highs with the stock. Let's see if stock will sustain next week this movement. Keep NVDA in your watchlist.

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Net Element International Inc (NASDAQ:NETE) has been beaten down since the last week of September, but at this moment it seems pretty clear that buyers have been waiting in the 4.5-5 range to enter again. The stock looks like is starting to turn back up and some key indicators are giving the first bullish signs. The Stochastic Oscillator is registering a bullish signal as the %K has crossed above the %D and the MACD is rising slowly. The stock needs to close above $4.9 on a daily basis in order to mitigate the negative near-term view. With a huge short interest versus its tiny float this stock can move very fast, with larger swings. I started a position in NETE Friday.

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Huntsman Corporation (NYSE:HUN) broke out to a new all-time high Friday, accompanied by a good volume suggesting higher levels. This stock has been in a nice uptrend for the last five weeks and it looks very strong with all EMAs going up. HUN is now on the overbought level, so this means a possible correction is near. Pullbacks to 29.50 are buyable.

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Skyline Medical Inc (NASDAQ:SKLN) Massive high volume spike on Thursday, breaking out of a month consolidation (ascending triangle pattern). The stock could make another push for $2.4-2.5 without much resistance. Technical Indicators are supporting the bulls. Another low float stock on High alert.

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Tandem Diabetes Care Inc (NASDAQ:TNDM) Insiders and institutions have been buying a lot of shares in recent weeks, which indicates that they are bullish about the company's ability to recover. The daily chart looks like it is forming a similar bottom pattern as it did in August. Based on the recent insider activity and pattern, i continue to believe the stock has a lot of room to run. Frankly speaking, it is deeply undervalued at current levels. For some reason, institutions purchased more than 2 Million shares in the last two weeks. The company float is just 9M shares.

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Marinus Pharmaceuticals Inc (NASDAQ:MRNS) made a strong upside reversal on Friday, printing a nice bullish engulfing candle on strong volume and I expect a pop above 6.50 at some point next week. Stop 4.95

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Rambus Inc. (NASDAQ:RMBS) Great run last week on very strong volume surge. Typical pullback on Wednesday and Thursday after a strong breakout. Stock has not traded at this level since August 2016. Let's see if the price can hold above this key support area next week and move higher. The outlook remains positive supported by the EMAs and momentum indicators.

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Izea Inc (NASDAQ:IZEA) An upside break of this falling wedge on high relative volume would signal a shift in momentum. If this pattern does break out towards the upside it could easily push the price towards the red rectangle shown on the chart.

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BlackBerry Ltd (NYSE:BB) has been pulling back on very low volume. Time to look for a reversal. Long-term chart shows a possible Cup and Handle formation.

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, HUN, IZEA, MRNS, NETE, NVDA, RMBS, SKLN, TNDM

12:45 | Permalink |

This is my watchlist of stocks for Monday

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What a week my readers/twitter followers had with some amazing gains on multiple stocks from my watchlist. Some of you may remember my Tuesday's post about this monster stock alert. Kura Oncology Inc (NASDAQ:KURA) closed the week with a gain of 79.58% over the previous week. The stock showed great momentum and had great trading volume. If you're still in KURA make sure you have your downside protected. Congratulations to all of you that took advantage of this pick and think of me when you spend some of your well-earned gains. I will wait for a pullback to enter long again.

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Calithera Biosciences Inc (NASDAQ:CALA) is one for the bottom pickers. The stock has had a rough time over the past weeks but the selling pressure seems to have dried up. The selling that brought the stock to $3.24 has slowed, and since last week the accumulation has been building. Strong volumes and sharp volatility indicate investor uncertainty which often precedes a trend change. In my view, the stock has formed a bottom and I expect a move past 3.66 to take the stock towards the target of 4.20 with stop-loss at 3.20. From a technical standpoint, there are some signs of an imminent bounce due to the positive divergences (MACD Hist, RSI & CMF), which often leads to short covering. Plus, the Parabolic SAR triggered a Buy signal for the first time since May. Fundamentally, the stock seems to be undervalued at current levels with a good balance sheet and zero debt. The percentage of shares held by institutional and mutual fund owners is 75%. A big bounce could be brewing.

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Relypsa Inc (NASDAQ:RLYP) Earlier this month, the stock broke the downtrend line and cleared the declining 200-day EMA on expanding volume. Price pulled back last week on low volume and successfully tested the 200-day EMA (new support / prior resistance). Following a short-lived pullback, the stock resumed the upside Friday with a big bullish candlestick on solid volume. This could lead to a test of the 21.98 high within the coming days, which is why RLYP has been added once again to my watchlist for next week. From a technical perspective, the key EMAs I monitor (9-day EMA, 13-day EMA, 20-day EMA, 50-day EMA and 100-day MA) are confirming the recent strength in the stock. On the daily technical chart above, notice the 20-day EMA (light blue line) crossed above the 100-day EMA (Pink line) late in June. Also, the 50-day EMA is now above the 100-day EMA and trending higher. Plus, the MACD is rising above its signal line in positive territory and the RSI has moved above its 50% level. A move above $21.98 next week opens the door to $25. I continue to support the idea of a significant rally, probably even above the April highs. The bulls remain in control as long as it continues consolidating its recent move.

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Chimerix Inc (NASDAQ:CMRX) Rallied over 5.5% Friday on decent volume. The stock is trading near the high end of its one-month range. A break of this key resistance level (4.07/4.10) would send it to 4.56. All major indicators are displaying bullish signals.

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Rambus Inc. (NASDAQ:RMBS) finally closed the week above the $12.50 mark, gaining 64 cents or 5.28% since last week’s closing, to settle at $12.75. A break over Thursday's high could push it to test $13.25. All short-term EMAs are rising and the stock is trading above them. The bulls are back in control.

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Apple Inc. (NASDAQ:AAPL) has been in an upwards trend the past few days and looks ready to continue this move. To confirm the reversal, price needs to close above the declining 100-day EMA with heavy volume. The short-term trend is bullish as the stock is above all key short-term exponential moving averages. Additionally, MACD lines are going up and RSI still climbing. I suspect the stock may continue to appreciate over the coming days. Stop should be placed around 96 (rising 20-day EMA). Keep this one under radar.

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Westport Fuel Systems Inc (NASDAQ:WPRT) In a Potential double bottom formation. The immediate resistance is around 1.57/1.6 which the stock will likely to test next week. A close above this key resistance area is a pre-requisite for the reversal of the bearish trend.

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I continue to watch Zagg Inc (NASDAQ:ZAGG) because the volume is still large, so the stock could potentially break out again at any moment. Keep an eye for a possible breakout over $6.51 The technical daily chart still showing a bullish bias.

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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: AAPL, CALA, CMRX, KURA, RLYP, RMBS, WPRT, ZAGG

21:09 | Permalink |

Stocks to Watch for July 14, 2016

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Harmony Gold Mining Co. (NYSE:HMY) broke out of its significant intermediate-term resistance and surged considerably higher amidst impressive buying pressure. The trend is very bullish as the stock is still on top of its major EMAs with all going up. So, keep an eye on her.

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Yamana Gold Inc.(NYSE:AUY) continues to consolidate around the $6 level but could make a breakout move soon. I expect to see a strong upside move if the stock can break through this key resistance area. Watch the stock closely on Thursday.

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I have Exeter Resource Corp (NYSEMKT:XRA) on my watchlist. It may be ready to break out of this flag/consolidation. Go long on a close above 1.47.

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Rambus Inc. (NASDAQ:RMBS) shares closed for the first time in 2 motnhs above the key resistance level of 12.50. If prices remain above this level, investors will assess this development as a sign of strength. From the technical analysis perspective, the outlook for RMBS is relatively bullish. Momentum indicators are flashing bullish signals.

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KaloBios Pharmaceuticals Inc (OTCMKTS:KBIO) rebounded on heavy volume today after Nomis Bay has reported 24.95% stake in Kalobios Pharmaceuticals as of June 30 - SEC filing. Gonna have to watch it carefully on Thursday to see if we have hit bottom and should grab some for the ride back up.

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The potential breakout in EnteroMedics Inc (NASDAQ:ETRM) shares was something that I tweeted this afternoon before the move. If you were following my twitter account you would have gotten the tweet when the stock was trading at 33 cents. It ended the day at $.42 trading more than 6.5M shares, well above its average volume. If you jumped in and booked your profits, congratulations! As i said on twitter, I sold all my postion at 42c.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email.

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: AUY, ETRM, HMY, RMBS, XRA

22:02 | Permalink |

AC Investor Blog

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

Saturday, October 27, 2018

Some stocks worth watching next week

Sunday, September 23, 2018

Here are some technical charts to watch next week

Monday, October 30, 2017

My Watchlist for Tuesday, October 31

Saturday, October 28, 2017

My Watchlist for Monday, October 30

Saturday, July 16, 2016

This is my watchlist of stocks for Monday

Wednesday, July 13, 2016

Stocks to Watch for July 14, 2016

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