AC Investor Blog

11 stock charts to watch next week

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Lululemon Athletica (NASDAQ:LULU) jumped $2.97 or 1.56%, on Friday, breaking key resistance at 192 and closing at 193.12. The stock has renewed momentum, which could move it to the 200 area in the next few trading days.

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Roku (NASDAQ:ROKU) remains on watch for a quick reversal. It has been holding this range for the last two weeks and I feel the next move will be higher. However, we need a close above $110 on volume to confirm the reversal.

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On Wednesday and Thursday I told to my followers to be ready for a reversal for Intec Pharma Ltd (NASDAQ:NTEC). Yesterday, the stock rose more than 21% closing at 85c on heavy volume. We could be looking at just the start of a another big rally for this stock. Congratulations to my followers and everyone making a profit here. I like NTEC for further gains, this is just the beginning IMHO My SL is located at 65c

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I used Friday’s pullback on Tocagen Inc (NASDAQ:TOCA) to initiate a strong long position. My rationale is that while it may take some time to recover all the recent loses, in a fastmoving market one is pretty much obligated to anticipate big turns, specially in extreme oversold stocks, like this one. TTNP and ZSAN was a good example on Friday. I opened a long at 67c and im looking for a run to $1

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Zosano Pharma Corp (NASDAQ:ZSAN) is a stock I wrote about recently as one to watch for a potential reversal as well as one that has been on my bottom scan. On Friday that reversal came to fruition to the tune of an 26.25% gain for the stock amidst impressive buying pressure.I expect ZSAN to continue to gain investor interest going forward. Keep it on your watch list next week.

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Electrameccanica Vehicles Corp (NASDAQ:SOLO) Nice bullish candle on Friday. Previous resistance is now turn into holding support. The stock has had a rough time over the past weeks but the selling pressure seems to have dried up. In my view, the stock has formed a bottom and I expect a move past 1.82 to take the stock towards the target of 2.1 with stop-loss at 1.60. From a technical standpoint, there are some signs of an imminent bounce due to the positive divergences, which often leads to short covering. A big bounce could be brewing.

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I also opened a long in Arca Biopharma Inc (NASDAQ:ABIO) at $5.2 on the assumption a lot of bad news is already in the price and that major support has the potential to act as a strong bullish catalyst again. Buying ABIO around 5.2-5.5 has been worked perfectly for me over the last months. Watch for a break out back above the 5.6 level which is Friday's high.

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Aileron Therapeutics Inc (NASDAQ:ALRN) Also this daily chart is right near its bottom and I think we could see a strong reversal over the coming days or weeks. Watch it closely.

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TOP Ships (NASDAQ:TOPS) Nice runner from the buy list yesterday. After one week of consolidation in the 2.7-2.95 area stock finally broke out and took out its critical level of $3. The break of this key resistance line confirms a short-term trend reversal and the beginning of new momentum, which could move the stock above the $3.35 area.

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Mersana Therapeutics Inc (NASDAQ:MRSN) seems to be undervalued at current levels with a good balance sheet after reading the Cantor presentation on Friday. The stock was trading at $6 in May hit $1.48 on Friday, closing at $1.51. I think it could see a sharp reversal in the next few sessions. Remember, these bottom play type small bio stocks could continue to fall, but they could also post sizable relief rallies. The farther the fall the greater the chance for ahuge reversal, especifically stocks trading significantly below cash levels, its been quite a fall for MRSN on no news. Im long and strong here.

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I have Apple (NASDAQ:AAPL) on my watchlist. It may be ready to break out of this consolidation. Go long on a close above 228.22

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, ABIO, ALRN, LULU, MRSN, NTEC, ROKU, SOLO, TOCA, TOPS, ZSAN

18:17 | Permalink |

Stocks to Watch for September 30, 2019

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Global Ship Lease Inc (NYSE:GSL) is in a very strong bullish trend, having gained almost 50% this month. There's a high probability for a trend continuation in the next few days, as the stock could test the 8.50 area again. Next buy point is above Thursday's high at 8.19, with a stop loss at 7.55 EMA9

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GoPro (NASDAQ:GPRO) After drifting for weeks the price finally broke out of a consolidation on Friday accompanied by high volume. Yesterday’s high was $5.53, which is resistance for the follow through move. If the stock can break through this level next week, expect to see heavy volume drive the stock higher.

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Mersana Therapeutics Inc (NASDAQ:MRSN) The daily chart shows the stock is extremely oversold at this price level. Volume picked up a bit on Friday and the MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Bargain hunters may want to accumulate MRSN stock at current levels and wait for it to trade out of the oversold conditions in the coming days. Note: President and Chief Executive Officer, will present a company overview at the 2019 Cantor Global Healthcare Conference in New York next week. At $1.55 a share, and considering this stock was trading well over $3.50 in August the risk for further decline is outweighed by the potential gain an explosive bounce would provide. Im long for next week.

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I have Performance Shipping Inc (NASDAQ:DCIX) on my watchlist. It may be ready to break out of this large consolidation. The break of the next key resistance line with heavy volume should be the next buy point. If it clears resistance at $1.05, the move may be powerful. Despite recent decline, the daily RSI remains above 50 levels and may support the bullish argument here. November is typically a crazy month for this sector, and based on the PXS move, traders are already accumulating these shares. May run higher, keep on watch. Im long.

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Guardion Health Sciences Inc (NASDAQ:GHSI) has bounced today off its 20-hourly EMA just above the critical support of 70c and rose 7.87% to $.795 The uptrend remains intact as long as this key support line holds (stop loss).

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CASTOR MARITIME/SH SH (NASDAQ:CTRM) could be in the early stages of a technical breakout. The stock price has been basing the past few days and just recently started inching above most of the consolidation area. From a technical perspective, the technical indicators are beginning to look bullish. The MACD indicator is rising above its signal line and the hourly RSI crossed above the 56 mark. Additionally, the ADX is gaining momentum. Let's see what Monday brings. Could squeeze over $2.92. Im long.

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Roku (NASDAQ:ROKU) continues to drift lower and is nearing $96, a level that has provided robust support in August. Might bounce here. However, overall the technical set-up remains negative with the stock below all three short-term exp moving averages.

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: CTRM, DCIX, GHSI, GPRO, GSL, MRSN, ROKU

17:59 | Permalink |

Trade Ideas for the coming week

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Snap Inc. (NYSE: SNAP) broke out of a bullish flag formation and closed just slightly below a key resistance level at $17. A break of this level in the next couple of days could lead the stock towards new highs around the 18.36 area. Long setup.

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Kandi Technologies Group Inc (NASDAQ: KNDI) jumped 12 cents, or 2.26%, on Friday, breaking key resistance at 5.38 and closing at 5.44. That's the highest close in more than six weeks, thus confirming that the stock has renewed momentum. This momentum could move stock to the 5.8 area in the next few trading days. Long setup on watch.

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I like this daily chart on Twitter, Inc. (NYSE: TWTR) a lot. Prob one of my Favorites. As you can see the stock brokeout on high volume Thursday and was able to keep the strength on Friday. I've seen this many times in the market and you know what the end result usually is? Well, it's alot of money. RSI still rising and we are not even in overbought territory yet. Plus, the Accumulation/Distribution shows that the stock continues to be under accumulation by institutional traders and money managers. We should see more highs ahead.

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Inpixon (NASDAQ:INPX) was able to make upward movements in intraday trading for the second day in a row as volume continues to increase. In the past, INPX has been able to significantly witness growth in market valuation following the type of trading activity that has been seen recently. Breakout watch over 0.142 on volume for a possible short-term target of 18c (Note: This is a penny stock, so play accordingly).

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Appliance Recycling Cntrs of Amer Inc (NASDAQ: ARCI) has been consolidating around 4.50 levels. We have seen strong accumulation during the consolidation phase, very positive sign. Watch for a potential breakout next week since volume is expected to increase under conditions showing light resistance. Daily technical indicators are looking bullish. MACD is lying above the Power Zone and RSI is about 54 so it's in the range of its support prices which could minimize the downside risk at these levels. Worth watching for a breakout above the 4.85 level.

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Zosano Pharma Corp (NASDAQ: ZSAN) broke and closed back above its hourly 50EMA on solid volume. The bulls will now try and regain control. Watch the stock next week since shares appears setup for an Increase.

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Roku (NASDAQ:ROKU) Big momo stock. Consolidating here, play the line it breaks on heavy volume.

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Baxter International Inc. (NYSE:BAX) Cleared this ascending triangle on volume. Setting up for higher prices.

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I alerted Microbot Medical Inc (NASDAQ:MBOT) to my twitter followers a few days ago before crowd when it was trading around the $5 level. The stock jumped 44% or $2.16 cents to 7.06 on Friday as the company announced that will demonstrate a working prototype of the Company’s Self-Cleaning Shunt (SCS™). I still holding a small position. Next major resistance lies at 7.5

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: ARCI, BAX, INPX, KNDI, MBOT, ROKU, SNAP, TWTR, ZSAN

08:37 | Permalink |

Tuesday Stocks To Watch

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Immunic Inc (NASDAQ: IMUX) is finally starting to break out. The stock hit bottom in the low $8.60's and has started to work its way higher. On Friday, it was up over 21% on a breakout type move. The stock has a history of vertical rallies, as shown on the daily chart above and if this rally does come to fruition a quick 20-35% gain, possibly much more, is not out of the question. The chart also looks to be turning higher. I think short-term it will break back over $13 and could test $15

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Workhorse Group Inc (NASDAQ: WKHS) looks to be turning the corner on the chart after falling steadily over the last few weeks. Seeing if it will continue its upward move tomorrow. Worth adding to your watchlist. Could squeeze over 1.85

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Outlook Therapeutics Inc (NASDAQ: OTLK) I covered this stock on my blog and twitter as a potential bottom play this month. The stock is up over 200% since I brought it to my readers. It was one of the winners on Friday, as the stock closed up 83 cents on the day with high volumes. From a technical standpoint, the stock still in a short-term Bull Market with share price above 9, 13 and 20 EMAs. Watch the break of 3.35 for next leg up.

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Aphria Inc (NYSE: APHA) is displaying a new upside momentum on chart and looks poised to move higher from these levels. Expect an initial run up to its declining 50-day exp moving average at $7.87

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New Age Beverages Corp (NASDAQ: NBEV) I like the idea of getting long here with a stop below the rising 200-day EMA. The MACD is making a bullish crossover and the RSI is also rising. Could pop over 5.65

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Arrowhead Pharmaceuticals Inc (NASDAQ: ARWR) broke resistance to new highs Friday. The stock traded heavy volume as it hit a high of $24.30. This high is the next resistance for Tuesday’s continuation move.

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InspireMD Inc (NYSEAMERICAN: NSPR) Bottom traders are attacking again. There are some signs that the stock is gaining some momentum in recent days. It is well oversold and a bull move is probable for the coming sessions. The technical chart shows some divergences on MACD and RSI. Keep an eye on NSPR and be prepared for this upcoming move.

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Roku (NASDAQ: ROKU) has traded in impressive fashion over the last several trading sessions. For now, buying dips are working well. Traders with short-term perspective can hold the stock as long as it trades above its uptrending 9-day exponential moving average.

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: APHA, ARWR, IMUX, NBEV, NSPR, OTLK, ROKU, WKHS

19:55 | Permalink |

Tuesday May 29th Watchlist

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BlackBerry Ltd (NYSE: BB) has been consolidating in a flag formation over the last three weeks after a strong rally since the beginning of the current month. On Friday, the stock broke out of the flag pattern and closed up 18 cents to $11.75 on solid volume. A move above 11.88 would confirm the breakout and could lead to 12.51 initially and then 13.18, my secondary target. Technicals are showing bullish signals supported by positive RSI and MACD indications.

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Infinity Pharmaceuticals Inc. (NASDAQ: INFI) remains high on my radar for this week. Phase I (IPI-549 + Nivolumab – Solid tumors) data will be presented at ASCO in June 4, Abstract 3013. Technically, the stock might attempt to breakout above the $2.07 level and if it succeed we should expect a strong move to the upside. Long setup on watch.

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Neuralstem, Inc. (NASDAQ: CUR) Price should become explosive if this trendline is broken to the upside on volume. From a technical standpoint, the stock has an up trending MACD, indicating potential accumulation and an up-trending RSI at 48 indicating room for potential further gains. CUR needs to be at the top of your watch list.

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Adomani Inc (NASDAQ: ADOM) had a strong bounce from the support in the $1.05 area (EMA50) on heavy volume. Friday’s high is resistance for a follow through move on Tuesday.

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Ekso Bionics Holdings Inc (NASDAQ: EKSO) is testing an important short-term resistance level (EMA13). The MACD Hist is giving bullish divergence signals and there are increased chances of a start of a new upward move that can bring the price towards 1.85 (EMA200).

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OpGen Inc (NASDAQ: OPGN) had another very productive day as we saw gains of over 11% and I believe it has more room to run. The short-term outlook remains positive for the stock. The stock finds an immediate resistance at 2.25 and support at 2 followed by 1.87

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Cara Therapeutics Inc (NASDAQ: CARA) broke out to new 52-week highs on Friday and I'm expecting to see the stock continue this move on Tuesday. As long as the stock stays above the $15 area, the bullish scenario is still intact.

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This "Bullish flag" formation on hourly indicates a healthy consolidation. Watch for a break higher. Stop 22.35

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Shares of Viking Therapeutics Inc (NASDAQ: VKTX) are starting to heat up and are worth watching. If volume can pick up I think this stock can break through resistance around 5.58 and re-test its February highs.

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Roku Inc (NASDAQ: ROKU) Keep an eye on this one, looks poised to break out and run higher. Bulls have upside technical momentum.

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: ADOM, BB, CARA, CUR, EKSO, INFI, IQ, OPGN, ROKU, VKTX

19:58 | Permalink |

Momentum Stocks to Watch Next Week

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United States Steel Corporation (NYSE:X), which has been building momentum since mid-November, broke out of its bullish consolidation on Friday after the U.S. Commerce Department recommended tariffs on steel from other countries. If it breaks Friday's high of the day in the 45.44 area and closed above it next week, the stock could retest the 2011 highs in the 55-60 area within the next couple of weeks.

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AK Steel Holding Corporation (NYSE:AKS) Another steel name with a good looking chart. The stock broke decisively above its 200-day EMA on Friday and we could see further upside. From here we can expect a run to the 6.8 area and from there we could see an explosive upsurge to $8 and better. Daily technical indicators are turning up. Hold with a stop at the level of the 20-day EMA. Add more on a convincing break out above the 6.8 level. Long setup on watch.

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Apple Inc. (NASDAQ:AAPL) burned a lot of shorts last week and i have a feeling that the V-bounce pattern that i have been mentioned on Twitter will be materialized very soon. Technical daily indicators are looking bullish and with the MACD rising sharply above its signal line the upward momentum could continue next week.

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Steel Dynamics, Inc. (NASDAQ:STLD) Strong breakout of resistance on volume confirmation. Looks good for higher prices. Volume activity provides a powerful confirmation of price signals.

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Roku Inc (NASDAQ:ROKU) confirmed my previous analyse on Twitter and broke the trading range to the uspide. The stock seems to be ready for another run up. Some technicals are turning up as well. Further strength above 51 opens the door to 55. Put her on your radar. Could see further upside continuation.

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Watch carefully this potential bottom pattern in Yield10 Bioscience Inc (NASDAQ:YTEN). The stock has room for a significant uptick beyond these levels. The technical indicators are starting to look bullish again. RSI is moving up and the MACD has a bullish crossover. This stock should be on your watchlist next week. It has also a nice gap to fill on daily. Im long.

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Neuralstem, Inc. (NASDAQ:CUR) has started to bounce and broke out from a descending channel Friday closing above resistance of 1.60. Chart is screaming for a bounce opportunity and I think we can see some nice moves next week. Further strength above 1.68 opens the door to 2.16. CUR will move very quickly, so keep the stock on your screen throughout the day on Tuesday. Keep on watch.

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Eastman Kodak Company Common New (NYSE:KODK) starts showing buy signals again. The MACD has reversed the course and the stock finally closed the week above the 50 and 100 EMAs, usually a Bullish signal. Wait for it to break 7.5 on heavy volume or buy on the pullbacks above 6 with it as a 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: AAPL, AKS, CUR, KODK, ROKU, STLD, X, YTEN

17:23 | Permalink |

AC Investor Blog

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

Saturday, October 05, 2019

11 stock charts to watch next week

Saturday, September 28, 2019

Stocks to Watch for September 30, 2019

Sunday, September 08, 2019

Trade Ideas for the coming week

Monday, May 27, 2019

Tuesday Stocks To Watch

Monday, May 28, 2018

Tuesday May 29th Watchlist

Saturday, February 17, 2018

Momentum Stocks to Watch Next Week

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