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Sunday, September 08, 2019 

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

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08:37 | |

Wednesday, October 11, 2017 

My Watchlist for Thursday, October 12

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Alphabet Inc (NASDAQ:GOOG) surged 1.71% to $989.25 per share breaking out an important resistance on decent volume. We should be able to see some decent upside movement for the bulls here. Technically, the stock still in a very strong bull market with MACD on top of signal line and 50-day exponential moving average on top of 200-day exponential moving average. Long setup.

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Zosano Pharma Corp (NASDAQ:ZSAN) had a great move on the upside today and closed above the declining 50-day EMA for the first time since June. Based on the volume, the stock is clearly under accumulation as traders become familiar with this company's potential. Any close above the $1.10 mark should be seen as a serious threat for the stock to test the 1.50 area. I believe ZSAN could make a solid move higher given both its fundamental and technical factors.

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Snap Inc (NYSE:SNAP) Nice price movement on solid volume today. Looks ready to break the declining 100-day EMA at 16.13. Keep it on your watch list going forward.

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DelMar Pharmaceuticals Inc (NASDAQ:DMPI) is forming a rounding-bottom reversal pattern on the daily chart. I'm still convinced that a breakout is coming sooner or later, and the move will be powerful if it breaks out upwards, due to the high short interest. On watch.

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WPCS International Incorporated (NASDAQ:WPCS) Congrats to those who paid attention yesterday (alerted on twitter at 1.65). The stock closed up 19% on a monstrous 10.2M shares traded. To receive FREE alerts before the crowd, follow me on Twitter.

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Pain Therapeutics, Inc. (NASDAQ:PTIE) Good for swing trade. The 200-day EMA at 4.96 is an important resistance that once broken will set off a huge run up in price, the 1st target would be $5.95. Key technical indicators are implying that investors have become more bullish since early September. The setup looks good for an upside breakout. On watch.

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

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22:22 | |

Saturday, March 04, 2017 

My Watchlist for Monday, March 06

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Snap Inc (NYSE:SNAP) Based on the first two days of trading and using the 5 minutes time frame we can see that the stock is now moving in a flat market structure stuck within a trading range of 26.5 (support) to 27.5 levels (resistance). Only a break of this trading range will signal the next significant move.

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MGT Capital Investments Inc. (OTCMKTS:MGTI) is back and with a vengeance! Based on the recent volume, we can all see that the interest for MGTI is evident. The stock continues to show room to run after have broken the downtrend line in late February. On Friday, it closed with an impressive gain of 20c (19.05%) to end the day at $1.25, extending its weeklong rally. It looks like there could be a short squeeze in the making that could possibly push MGTI to higher levels again. Next major resistance lies around the 1.50 area. If we break that level stock could see $2.8+ in next few days/weeks. MGTI is a bitcoin play.

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MYOS RENS Technology Inc (NASDAQ:MYOS) this stock should be in your watchlist again next week after has found a strong support in the 2.90 area. This company announced last week that will introduce a new line of muscle-health products this month, which could be a good catalyst for the next up leg. MYOS is a pure momentum play, but it also shows that it could possibly be a good play to follow this month. As the short-term trend is upwards, I favour an eventual topside breakout from the $3.10 level over the coming sessions. Might be worth watching for a new move to the upside. Im long.

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Interpace Diagnostics Group Inc (NASDAQ:IDXG) Could be Set-Up for another Short Squeeze. The stock has been forming a nice base at just under $3 and the technicals are starting to look bullish again. Plus, the volume has started to expand again while the stock price is showing upside breakout of the base which could be a beginning of bulls participation. Trading at $2.88 IDXG has potential for a Breakout. On watch.

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Keep a close eye on Eyegate Pharmaceuticals Inc (NASDAQ:EYEG) next week. I think in the short term it could see $3.50 but let's see a test and close above of $3 first. On watch.

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Cara Therapeutics Inc (NASDAQ:CARA) had a nice move on the upside Friday and looks like it wants to go higher. Resistance stays at $18.13, which is a big area that the stock needs to break and close above.

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Community Health Systems (NYSE:CYH) continued its bullish momentum on Friday closing the session with a gain of 6.35% at $9.72. Immediate resistance remains around 9.80. A clear break above that area (ascending triangle pattern) could trigger further bullish pressure testing the EMA200. Momentum indicators also point to continuation of positive bias.

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

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16:50 | |

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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