AC Investor Blog

Here are some Trade ideas for the last week of October 2021

Dearest readers, followers and friends,

I hope everyone is enjoying a great Saturday with family and friends. Im sure you are eagerly awaiting the market’s open Monday and getting ready to start the week with a profitable trading session.

Friday was probably one of my best trading days in recent memory. Too many big winners in just one day. Honestly, I never saw so many stocks getting halted on circuit breakers in a single day. Even if you didn't catch a stock winner, don't give up, everyday trading week is a new week, a new beginning, so start fresh and keep smiling, because you never know what the market has to offer for you. Do not be hasty to buy or sell a stock, every day there are new opportunities to make money. Being patient is the key to the success of any trader.

"With patience and discipline, you can take much more from the stock market than you ever gave". Put this sentence in front of your screens !!

Trading stocks is not easy for beginners or professionals, it is really very hard and requires a lot of attention and knowledge. If stock trading was easy, everyone would be doing it. You can be successful at the stock market, with patience, discipline and a good trade set-up. The key objective is to make money and not lose it.

I just want to make this clear. I have never been paid to promote a stock/company, and I never will. All of my stock picks, technical analysis, and posts are crafted utilizing my own knowledge and experience. I thank you for coming here and reading what I have to say about stocks on a technical level.

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These are the 3 essential financial tools that I use on a daily basis:

TradeIdeas: It is a scanning tool that all traders should use. Grab the weekend opportunity and save more (25% off) on any subscription only until midnight Sunday by using this code TESTDRIVE25 Click HERE

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TheTradeXchange: TradeXchange is another online financial media outlet that delivers real-time news headlines that usually hits the wire fast enough to be an actionable trade idea. Click HERE

Here are some Trade ideas for the last week of October.

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If you paid attention to Thursday's alert and got into Phunware Inc (NASDAQ:PHUN) ten minutes before the close when I said "Added $PHUN on pullback at 1.47 thank you", congratulations! The stock had a very productive day on Friday as we saw gains of over 1000%, completely insane. The DWAC euphoria grabbed the market's attention also on this name and the stock surged like a missile. I have to say, I sold it too early but for me a profit is always a profit, and everytime i initiate a trade, my strategy is automatically in mind, and usually I never change. A break above this short-term downtrend line on the 5m chart could trigger further upside recovery testing the $11 area. I'll be watching the stock on Monday, looking for a possible follow through move. This stock will move quickly and is very volatile, so be careful with your share size and entry price.

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Remark Holdings Inc (NASDAQ:MARK) posted a 138%+ gain on Friday to close over $2.17 a share. Is continued gains in the cards or was Friday's rally just a quick pop before a sell-off ? Honestly, I think there are more gains to be had, and would look for any pull-back to possibly grab a few more shares. From a technical standpoint, the stock broke out of a descending channel formation that captured the mid-2021 bearish momentum on massive volume, signaling that a reversal is underway. The stock is now above all major exponential moving averages and if the upward trend can continue for another week and the EMA50 can cross on top over the EMA200, then the stock will be ready for another big rally. Next major resistance lies at $2.89 The same advice for MARK as i did for PHUN "This stock will move quickly and is very volatile, so be careful with your share size and entry price".

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Digital World Acquisition Corp (NASDAQ:DWAC) Price needs to break this sideways range in order for me to get back into a short-term directional trend. Momentum oscillators are presenting a mixed picture.

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Takung Art Co Ltd (NYSEAMERICAN:TKAT) is looking good to me with all this NFT hype. I'm very pleased about how the stock has pulled back to its major support zone after its large move in the middle of August. For the coming week, a breakout above the 8 level would signal the start of a new uptrend that could potentially test the recent highs around the $14 area. You do not need much digging to see that the stock has very strong bounce potential here JMHO On watch.

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Silverback Therapeutics Inc (NASDAQ:SBTX) Price has made a new low but reversed it by closing above 9.10 again. There was clearly more buying than selling on Friday. Company has a good pipeline, cash on hand and a great CEO with huge experience (she led Synthorix into its acquisition by Sanofit). According to analysts' consensus price target of $51.80, Silverback Therapeutics has a forecasted upside of 452.2%. I have been accumulating this stock.

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Blackberry (NYSE:BB) pulled back before the weekend, getting rejected by the $12 area and falling to about 10.9 on Friday. I think this pullback is a great opportunity to enter. I'm playing it for another BIG pop.

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Orphazyme A/S (NASDAQ:ORPH) I suggest you keep this stock on your radar. At some point I think it will post another impressive rally.

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Wisekey International Holding AG (NASDAQ:WKEY) another NFT play that was added to my watchlist again as a possible bottom bounce-play. The 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. Squeeze over 6.50

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, DWAC, MARK, ORPH, PHUN, SBTX, TKAT, WKEY

11:24 | Permalink |

Ten stocks worth watching next week

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FuelCell Energy Inc (NASDAQ:FCEL) Good solid stock moving higher on expansion volume. 7.86 is the pivot here. If it breaks, we could see 8.50 quickly. Use the rising EMA20 as stop-loss. Technical indicators are also supporting the bulls. The MACD crossed above the signal line on positive territory, RSI is moving up and above its 50% level. Long setup on watch.

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) Watch Monday's action for a possible breakout over $1.15 PDUFA is coming up soon so I wouldn't wait too long to jump aboard. Plus, ADMP is on the list of the Most Bought by Activist Hedge Funds.

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ReShape Lifesciences Inc (NASDAQ:RSLS) looks about ready to pop here! Setting up a possible resistance breakout trade. Technical indicators are supporting a continuation of the recent move higher. The RSI is moving back higher in the bullish zone and the MACD is crossing up. On my fireworks list.

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Orbital Energy Group Inc (NASDAQ:OEG) deserves some attention as a potential bounce candidate. It is recovering from its bottom with MACD & Slow Sto moving upwards. If the stock holds above $2.87, the price may rise to the 3.52-3.7 range in the short-term. I have been accumulating this stock. Tremendous potential imho.

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Mercurity Fintech Holding Inc (NASDAQ:MFH) continued to show strength with another gain. Friday's rally put shares above the psychological resistance level of $2.50, which is a very bullish sign. This key resistance zone was taken out with a thrust and could lead to more upside.

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Silverback Therapeutics Inc (NASDAQ:SBTX) is another oversold stock showing signs of potential trend change. A breakout above $10.45 would constitute a technical entry point for the short-term trader, looking for a quick trade.

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Waitr Holdings Inc (NASDAQ:WTRH) This rally seems like it is getting some momo again. A close above the 1.50 level would be a strong indicator of a further uptrend in the stock. On watch.

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Shares of Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) are starting to heat up again and are worth watching in the coming future. Phase 3 results of Tonmya (TNX-102 SL) to be presented at ACR November 6, 2021 If volume can pick up, I think this stock can break through resistance at 60c and re-test its recent highs around 80c (gap zone).

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Alcoa (NYSE:AA) had a strong move on Friday, as the stock set new 52-wk highs. The stock hit a high of $56.93, which is resistance for the follow through move. You should watch this stock closely on Monday for continuation.

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Protagonist Therapeutics Inc (NASDAQ:PTGX) the more it consolidates the more powerful it gets! A break of 33 next week should bring the buyers into this stock in a big way.

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: AA, ADMP, FCEL, MFH, OEG, PTGX, RSLS, SBTX, TNXP, WTRH

16:37 | Permalink |

Trading setups for next week

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Camber Energy Inc (NYSEAMERICAN:CEI) stock has been pulling back quite a bit in the past few days but nothing is wrong with it, the uptrend remains intact and pullbacks are always healthy for a trend continuation. Seems to be forming an uptrend channel on hourly chart with a major support at 2.50 with a minor support at 2.86. Plus, it has been under accumulation in a quiet manner. So, play what you see.

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Indaptus Therapeutics, Inc. (INDP) is setting up for a possible breakout, which based on the chart could send the stock up like a rocket. The RSI14 at 40 and the MACD is still curling upward. Chart on Breakout Watch.

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LM Funding America, Inc. (LMFA) had good volume and a big bullish candlestick on Friday. Breakout watch over 4.98

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CASI Pharmaceuticals, Inc. (CASI) is still in bottoming mode. The technical indicators are looking better now for the stock. The MACD is starting to rise, confirming a bullish divergence has taken form and the Stochastic also has a bullish crossover. It might attempt to breakout above the $1.25 level on Monday and if it succeeds we should expect a strong move to the upside. It has the potential to make another big run next week, so keep a close eye on CASI and don’t miss the trade. The price target of the two Wall Street analysts that rated the stock since the last quarterly report is $3.9

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I want to congratulate anyone that saw the opportunity in Silverback Therapeutics, Inc. (SBTX) at $10. Keep watch because the technicals are indicating there could be more juice left in this small bio cap, offering up multiple intraday entry points. Real fireworks begin over 12

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Sphere 3D Corp. (ANY) We have all seen how quickly this stock can head higher, when the buyers come. Watch this BOX and play accordingly. I believe it is ready to post a nice bounce and I do not see any resistance on the technical chart until $7.6. From a technical standpoint, the Relative Strength Index is now rising and is approaching the mid-level, while MACD is about to cross up.

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Chemomab Therapeutics Ltd (NASDAQ:CMMB) My opinion remains intact about this small bio cap. I will not sell a single share below $40 unless something bad happens, but that does not seem to be the case according to the recent news and reports. The stock has been falling on very low volume. The company has a great pipeline and the existing cash position is expected to fund the Company's current operating plan until mid 2023. The stock market is a device for transferring money from the impatient to the patient" Warren Buffet. I remember being called a pumper on PLUG or MARA when the stocks were trading at $2. NOTE: The 2 Wall Street analysts offering 12-month price forecasts for Chemomab Therapeutics Ltd have a median target of 43.50, with a high estimate of 45.00 and a low estimate of 42.00

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AMC Entertainment Holdings Inc (NYSE:AMC) Rallied nicely Thursday on volume and broke out of a descending channel. If it clears back over 42, it may have some good upside.

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Pedevco Corp (NYSEAMERICAN:PED) broke out of a consolidation range to the upside on heavy volume. I do not see anything until the 2.8-3 area. Indicators are also showing signs of recovery. Pullbacks are buyable.

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ENGlobal Corp (NASDAQ:ENG) is very bullish with a lot of hot indicators showing up. The slope of the upward move is steep accompanied by increasing volume. Breakout watch over 3.37

TRADE IDEAS TEST DRIVE IS BACK: The next 2-week Test Drive starts October 11, and runs until October 22nd. The Test Drive lets non-subscribers or standard subscribers enjoy all Premium Subscription features for up to 2-weeks. I recommend you sign up HERE before Monday, October 11 so you will have the full 2-weeks of access.

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: AMC, ANY, CASI, CEI, CMMB, ENG, INDP, LMFA, PED, SBTX

10:46 | Permalink |

Chart setups to keep an eye on next week

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Pharmacyte Biotech Inc (NASDAQ:PMCB) has been in the process of forming a bottom pattern for the past couple of weeks. A move past $3.93 would be a strong indicator of a further rebound in the stock. Once it breaks through resistance, we should see strong volume as the stock will breakout and move higher. The money seems to be flowing into the stock as indicated by the On Balance Volume line. Keep watching the stock. I took a big position last week.

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Ironnet Inc (NYSE:IRNT) stock has pulled back to $30 from $47 after a profit-taking run, providing a suitable entry point for active traders. Short-term MACD is crossing up while OBV remains at high levels. Might bounce here.

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Silverback Therapeutics Inc (NASDAQ:SBTX) has been in a tremendous tailspin the last two months. I think this stock will post a sharp rally from current levels. This was a $31 stock in August and at $12.55, in my honest opinion, there is a compelling risk/reward scenario. Plus, the OBV indicator is displaying a bullish divergence, showing high buying volumes. I bought some shares on Friday afternoon. The risk is the stock continues to fall, the reward is a swift 20-35% type move for this highly oversold stock. I've been spot on with these bottom plays recently.

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Camber Energy Inc (NYSEAMERICAN:CEI) has been in a strong upwards trend the past few weeks and it seems to be working out the overbought conditions. As you can see on the chart above, the rising EMA9 line on the 4H has been providing a significant support for the stock on the rise, so only a close below that line would indicate that a pullback is on its way. In that scenario, there are a lot of supports below. On the other hand, if a breakout above 1.87 occurs, we could see an acceleration of momentum and move toward the 2-2.26 area.

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Wisekey International Holding AG (NASDAQ:WKEY) is a NFT play to keep an eye on. I am still watching WKEY shares due to the recent price action, volume, news and momentum. Overall, the stock is showing some positive technical signs of reversing its long-term downtrend. If it breaks 9.37 next week, the first target on a swing would be the $12 area.

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Wish (NASDAQ:WISH) is a stock that could head higher from Friday's close. It is in the process of bottoming and I expect a pop above $7.75 at some point in the coming weeks.

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: CEI, IRNT, PMCB, SBTX, WISH, WKEY

09:50 | Permalink |

AC Investor Blog

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

Saturday, October 23, 2021

Here are some Trade ideas for the last week of October 2021

Saturday, October 16, 2021

Ten stocks worth watching next week

Saturday, October 02, 2021

Trading setups for next week

Sunday, September 19, 2021

Chart setups to keep an eye on next week

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