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Sunday, February 13, 2022

Crypto and stocks setups

Dearest readers,

From now on I might also share some crypto trade ideas on my blog because I finally entered into this market. It seems clear that at some point cryptos will be part of our financial landscape too and will continue to gain acceptance, so I thought that's could be a good time to also share my technical knowledge and apply it to these digital coins.

I would also like to make clear that 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 trade all types of stocks, big mid and small caps, but never the OTC market. I thank you for coming here and reading what I have to say about stocks on a technical level.

Additionally, I would also take this opportunity once again to inform you that my Twitter profile continues to be cloned by imposters duplicating exactly all my tweets, images and purchasing followers to be popular in the eyes of newbie investors. These scam artists are trying to use my name and send private people messages to sell Bitcoin products. I don't have a Telegram account. Neither will I ask you for money or spam websites.

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In my previous tweets about this digital coin, we saw Bitcoin breaking the upper line of the primary downtrend channel, which was a big bullish signal. Currently, the pullback seems to be forming the right shoulder of which seems to be an Inverted Head and Shoulders pattern with neckline around 45.5K. If this pattern becomes active, then we can expect a rally to ATH.

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The Inverted Head and Shoulders pattern mentioned on Bitcoin, can be also detected on Ethereum daily chart with a neckline around 3250

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There is no Inverted H&S pattern on the daily chart of Doge but the recent pullback on low volume to the key support zone (prev loading zone) seems to be a good entry point for swing traders. The chart is also displaying positive divergences. I'm buying dips and holding for the long haul. Cryptos reminds me of the internet in early stages.

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Y-mAbs Therapeutics Inc (NASDAQ:YMAB) showed buying strength all day on Friday. The stock price is on the verge of breaking out and it could happen soon. The volume dramatically increased as the stock ran to near its major resistance, showing us there are buyers watching the stock again. Any close abv 8.49 and the stock will absolutely fly into the 10's right away.

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Sundial Growers Inc (NASDAQ:SNDL) closed strong on Friday, as the stock ended the day at highs. The technical daily chart shows a continuation of the trend with MACD and RSI in the Bullish areas. This stock is on the top of my watch list for next week, due to the recent price action, volume and momentum.

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AYRO Inc (NASDAQ:AYRO) On my watch list $1.36 is the pivot here. The stock broke the downtrend channel and successfully retested it. This is a good time to build your position in AYRO for the next rally. If it breaks 1.36, we could see 2 quickly. Stock is trading significantly below cash levels.

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Twitter, Inc. (NYSE:TWTR) A two-week consolidation formed an ascending triangle bottom pattern on the daily chart. Let us pay attention to price action so we can securely place our buy orders.

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Kosmos Energy Ltd (NYSE:KOS) Setting up nicely for new highs.

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Core Laboratories N.V. (NYSE:CLB) Watch Monday's action for a possible breakout over $28.56

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ExxonMobil (NYSE:XOM) is still coiling just under $82 and appears about ready to make a new breakout soon. Holding the stock with a stop at $75.98 (rising EMA20).

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: AYRO, Bitcoin, CLB, Dogecoin, Ethereum, KOS, SNDL, TWTR, XOM, YMAB

14:33 | Permalink |

Sunday, May 30, 2021

Stocks to watch on the first week of June

Dearest readers,

The past week was a crazy week. On Tuesday I was surprised by the suspension of my Twitter account due to an error from my side. I accidentally reported my own account when I was trying to report another imposter. Unfortunately I continue to be a victim of these scam artists, who continue to create fake twitter accounts pretending to be me in order to scam my twitter followers. I will NEVER ask you for money or send private messages. Unfortunately i cant control this situation. Special thanks to Twitter support for the immediate resolution and all of you for the motivation and messages of support.

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This was a stock I alerted to my Twitter and Stocktwits followers at 14 just a few days ago. Last week the stock hit a high of $36.72 before pulling back to 26. There's a high risk we could see more profit-taking ahead. On the chart above, I'm looking at two potential zones of support for trend-followers to watch in the stock. The bull trend will likely not resume unless price can hold these support zones. The stock is still in a ST uptrend and pullbacks are part of the process.

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OLB Group Inc (NASDAQ:OLB) has seen its volume and interest increasing the last few days. The stock is lining up for another serious bull run and it has the potential to become one of the most explosive breakout play opportunities for next week due to its low float. On Friday it had a great move on the upside and closed abv the EMA100 and 200 for the first time in weeks. With continued buying pressure I am looking for this stock to hit and pass its $6 price level very soon. The MACD and ADX are on 'BUY' triggers.

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Evofem Biosciences Inc (NASDAQ:EVFM) was on my list a few days ago, and has been slowly trying to make a move up. Volume starts to pick up again. This penny stock could make a huge move to the upside. Keep it on your watch list. A break of 87c with force might give the stock room to +$1.2

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Highcape Capital Acquisition Corp (NASDAQ:CAPA) Daily chart is showing signs of a possible turn around. In terms of technical indicators, the daily RSI is starting to rise in the oversold zone while the MACD is rising above its signal line. The trend is expected to begin the upwards movements. Nearest resistance for the stock is at $10.85. If this level is crossed and the stock price is able to sustain above this level, then it might go to $13

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AMBEV (NYSE:ABEV) broke out to new highs Friday and traded nearly 2x normal daily volume. The stock has the potential to make a big run next week. Buyable on any pullback to pivot.

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Second Sight Medical Products Inc (NASDAQ:EYES) was another winner for my twitter followers on Friday (alerted at 5.44) Should breakout hard to upside when it crosses over $6.24 EMA50

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Applied DNA Sciences Inc (NASDAQ:APDN) is one for the bottom pickers. The stock appears to be poised for a nice bounce off this bottom. In my view, the stock has formed a bottom in the short-term and I expect a move past 6.50 to take the stock towards the target of 8 with a stop-loss at 4.95. The stock seems to be undervalued at current levels IMO

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Sundial Growers Inc (NASDAQ:SNDL) needs to take out $1.04 The break of the key resistance line with heavy volume should be the next buy point. Daily technical indicators are looking bullish. The MACD is rising above its signal line and the RSI has moved above its 60% level. Plus, the volume is trending upward over the past couple days. If 1.04 gets breached, SNDL can rise to 1.50

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T2 Biosystems Inc (NASDAQ:TTOO) displayed relative strength on Friday closing above its 50-day exponential moving average for the first time since March. If the stock price remains above this level, investors will assess this development as a sign of strength. From the technical analysis perspective, the short-term outlook for the stock is relatively bullish. RSI, MACD and ADX charts are flashing bullish signals. Immediate short-term resistance for the stock is at 1.53

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Urban One Inc Class D (NASDAQ:UONEK) is getting ready to come out of a large consolidation pattern. A close above $5 gets the party started.

TRADE IDEAS PLATFORM: I encourage everyone to take advantage of this opportunity to trade like a Pro. The Memorial Holiday Weekend sale started Friday and runs through June 1st. Click HERE and use the CODE: MEMORIAL25 for 25% off the first month or year of any subscription or upgrade. The code expires midnight June 1st.

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.

Labels: ABEV, AMC, APDN, CAPA, EVFM, EYES, OLB, SNDL, TTOO, UONEK

19:23 | Permalink |

Sunday, May 09, 2021

Potential swing trade ideas for next week

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I like this chart on BSQUARE Corporation (NASDAQ:BSQR) alot. Prob one of my favorites right now. It has been forming a potential large falling wedge pattern on the daily chart over the last few weeks, popped on good volume and retreated on lower volume. It looks like it may be starting to gain some momentum and should make a strong move very soon. The falling wedge pattern is a bullish pattern that signals continuation or a reversal depending on the prevailing trend. Basically, it can be defined by a set of lower lows and lower highs that slope downwards and contract into a narrower range before price breaks above the resistance line and a change in trend direction occurs. The technical chart above is clearly displaying a screaming buy divergence on the upside (MACD, RSI, ADX). Let's keep an eye on her as I think momentum will pick up.

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I've mentioned Chemomab Therapeutics Ltd (NASDAQ:CMMB) for the bulls out there. On Friday, Oppenheimer initiated coverage on the stock with an Outperform rating and announced a price target of $42 per share. It seems that analysts are also seeing what I'm seeing, a stock trading at bargain prices with a tremendous potential going forward and a very low float. From a technical standpoint, the stock has built a good support around $19.2 and $20 recently and does have the chance to go up. Any breakout above the $25 level next week would be a positive sign.

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Cinedigm Corp (NASDAQ:CIDM) The rising 200-day exponential moving average has been a good support reference point for this name to take long positions and that was exactly what I did last week. Lets see if we can get another leg up to retest the 1.60 area again.

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Murphy Oil Corporation (NYSE:MUR) Poised to breakout to new highs.

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United States Steel (NYSE:X) Nice breakout on strong volume. There is a good chance the stock will continue to move up next week.

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Sundial Growers Inc (NASDAQ:SNDL) Potential short-term reversal trend here. Momentum is coming back to this name. Might be worth watching for a new move to the upside.

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EHang Holdings Ltd (NASDAQ:EH) is setting up a possible resistance breakout trade. Go long on a close above 24 (Heavily shorted stock)

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Skillz Inc (NYSE:SKLZ) price closed above the upper line of the descending channel pattern originated from the April 27 high, creating a significant amount of bullish potential. On the technical side, MACD and RSI all point to an upward trend. SKLZ has a lot of upside potential, so watch it closely next week. Next major resistance lies around the $18.21 level.

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Tenneco (NYSE:TEN) Setting up to clear this resistance area, go long over 13.12 on volume.

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Liberty Oilfield Services Inc (NYSE:LBRT) Nice volume on the breakout. Looks great for a test of the highs.

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.

Labels: BSQR, CIDM, CMMB, EH, LBRT, MUR, SKLZ, SNDL, TEN, X

13:00 | Permalink |

Saturday, February 13, 2021

Here are a few trade ideas and my trading rules

Dearest followers,

Thank you to all of you who have been with me this far and congratulations to everyone on taking advantage of all the recent gainers since the New Year. Plus, i would like to thank you once again for the fantastic Twitter followers growth. I surpassed 110000 yesterday, just one week after hitting the key mark of 100000. This is Insane. Definitely a milestone I never imagined myself hitting, and I'm so appreciative of everyone who supports me in this passion of mine, your support is invaluable.

I would take this opportunity also to point out, that I have never been paid to promote any company, and I never will. All of my stock picks, analysis and posts are crafted utilizing my own knowledge and experience over the years. My posts on StockTwits or Twitter are unbiased and honest. The stocks you get on this blog ,and as a free subscriber are based on my own research, charts, news or events. I hope what I write helps you navigate in the best World stock market.

Over the past months I continue to see a lot of fake accounts being created pretending to be myself in order to scam you. I will never ever direct messages to you about any paid services. WATCH OUT for the FAKE accounts. I'm very happy to see that Twitter is aware of these scammers and any report from you or me, they act immediately (sometimes takes a few minutes) and remove these accounts. So, it's very important your support in this matter to avoid the newbies to be victims of these schemes.

Due to the increased number of followers and the continuous emails asking for knowing what my rules are, I decided to share it again.

1 - The trend is your friend, so never go against the trend.
2 - Keep your losses small. Golden rule: Cut losses short. Let profits run.
3 - Use stops. The stop loss should be placed a few cents below the supports and not at the same level (i don't use SLs for low float stocks).
4 - Learn the basics of fundamentals, charts and technical indicators.
5 - The good trader is one who makes consistent gains, so don’t be a greedy trader, appreciate the small and the big gains.
6 - Do not fear the market. Be always confident in your trade decisions.
7 - Never buy what you do not want, because you think it is cheap.
8 - Always be conscious that the loss may arise and you should be prepared for that to happen. Open mind.
9 - For large positions, you must have total control of the market never losing sight
10 -Volume is a leading indicator, so play the breakouts using the volume as support of your decision.
11 - Chart breaks without volume could be a trap and the probabilities of succeeding are low
12 - 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.
13 - Only believe fundamentals as long as the technical signals follow.
14 - Trading very speculative stocks is a frequent mistake.
15 - Do not trade positions too large relative to your available capital.
16 - Do not invest all your money in one company. Your portfolio must be diversified.
17 - The Greed to pick tops or bottoms is a usual error. Wait for the perfect and confirmed signal.
18 - Do not make trading decisions based on a story you saw in the morning paper. The market many times has already discounted the information.
19 - Review your missteps to improve your skills

With patience and discipline, you can take much more from the stock market than you ever gave. 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.

Let's start now sharing some interesting trade ideas for the coming week.

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Sundial Growers Inc (NASDAQ:SNDL) After peaking as high as $3.96 on Thursday, the stock has pulled back to fill the gap around the rising EMA200 on the 15m chart in early Friday trading. Despite the pullback, the accumulation line continues to rise, which means a positive divergence. Plus, the stock closed the day with a big bullish candle on decent volume above the psychological level of $2. Looking for some intense buying pressure at the open on Tuesday and I wouldn't be surprised if it hit $2.6 at some point next week. I bought back my shares. SL 1.75

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Wunong Net Technology Co Ltd (NASDAQ:WNW) I want to congratulate anyone that followed the WNW pick on Thursday at $14 when nobody was talking about this China stock, which raked in over 100% in real possible gains. There were plenty of opportunities throughout the day to get involved and easily book a profit. As I tweeted yesterday, I took profits. If you're still long, stock only has a major resistance at $40

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LAIX Inc (NYSE:LAIX) Moved my profits of WNW to start a decent position in this China former runner LAIX at $3.80 Looks like building a base for the next up move. I would look for a move up to $5.2 resistance in the coming trading sessions. The MACD is curling up and about to cross. This was a $11.65 stock less than six days ago and China stocks remain the theme. Long setup on watch.

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Arcadia Biosciences Inc (NASDAQ:RKDA) slumped again on Friday closing at major support. I believe now is the time to start trying to catch this "falling knife" with a tight stop loss. Any bounce from here could move to 4.60. Let's see if that happens on Tuesday. The potential growth of the company is very attractive.

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SINTX Technologies Inc (NASDAQ:SINT) I believe the breakout move is the higher probability outcome of this pennant formation on the 30m chart based on technical and volume patterns. Once the breakout move begins, the 3.44 level will become critical as a future resistance level. If that level is broken, then we believe the SINT may attempt to rise to levels not seen since July 2019 around 4.3 Im still long.

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GBR This low float energy name should be in your Top watchlist as long as the crude oil goes up. This was a $30 stock less than two weeks ago.

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Churchill Capital Corp IV (NYSE:CCIV) saw its shares surged almost 27% to 39.98 on Friday. With technical daily charts showing strength, as MACD is above signal and RSI above 70, we could see this stock going strong for a while. Pullbacks to pivot are buyable. It doesn't look to be too late to join the party.

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Keep an eye on GreenPower Motor Company Inc (NASDAQ:GP) The stock looks poised to break out and run higher. Good long setup if the stock takes out the 34.45 level on volume.

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MARK is clearly working out its overbought status on a daily basis and from a technical standpoint it is a healthy consolidation for the next phase of its advance. The stock price can potentially set-up well for another swing-trade, if it breaks through the key resistance level at 4.72

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Molecular Data Inc (NASDAQ:MKD) broke and closed above its EMA-200 for the first time in months accompanied with high volume. The stock price hit a high of $1.93, which is now resistance for Tuesday’s continuation move. If the stock can break through resistance, we should see another strong upside move. MKD will move very quickly, so watch the stock closely.

Valentine's Day Offer: One of my favorite powerful intraday stock scanners is offering you 20% off with LOVETHESTOCK and the code is good through midnight on Monday the 15th. Last chance to grab this fantastic offer!

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.

Labels: CCIV, GBR, GP, LAIX, MARK, MKD, RKDA, SINT, SNDL, WNW

15:42 | Permalink |

Sunday, January 31, 2021

The best STONKS picks for the coming week :)

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Taking a loss of a short position in stock is never a desirable outcome for any short-seller that knows that a particular company is very overpriced, but it could be a very profitable decision if the stock enters in a parabolic mode, exactly as happened with me, on Gamestop. As i announced last weekend, i had a short position on this name thinking of a possible big drop, however when i saw the powerful traction of the WSB community, i changed my mind and immediately closed the short position with a big loss to change the position to a long, which was a fantastic decision leading me to recover all the losses and making a nice profit, something that i don't understand, why was not done by the professionals with massive short positions. On Monday, it was clear to everyone that this stock will enter into a massive short squeeze. With the shorts so heavily positioned for more down side, and still piling into the short trade, as the stock moves higher they should be SMART enough to assume losses reducing additional possible losses, but they prefered to attack the system instead of managing the risk like everyone with years of experience should do. It's easy to attack everyone when the system is against us, but it is more difficult to understand what is behind the move. Fortunately, I was smart enough to interpret the game and take the right decision. I continue to not understand how is possible a company has a short interest of three times its float, something is wrong here, and certainly are not from the retail side. For me Gamestop was another great lesson that I learned and was humble enough to assume that I was wrong. If you are humble. Nothing can touch you. Neither praise or discouragement. Because you are who you are. From a technical standpoint , watch the break of this downtrend for continuation. Play what you see, not what they say, period. Immediate supports 291.13, followed by 250 then 197.44

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Fubotv Inc (NYSE:FUBO) is another heavily shorted stock that deserves your attention. fuboTV is now the second-most shorted name in the US, behind only GameStop. More than 67% of the company’s outstanding shares have an active short bet against them. Still on my top list as a short squeeze candidate. You need to watch stock closely next week. The stock needs to break the $43.30 to go higher.

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Borqs Technologies Inc (NASDAQ:BRQS) I brought this stock to your attention at $1.20 on Friday. In the after-hours market it closed at $1.54 gaining more than 34%. I think this momentum will continue into Monday and the stock could see a nice week of trading.

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Phunware Inc (NASDAQ:PHUN) was another stock that I brought to your attention at 1.85 and closed in after-hours at 2.82 following an interview of the COO of the company allegedly informing investors for the huge short interest that the company had in December and that could still be in play. I tend to trust always in what the insiders say, and in the documents that they show. Unfortunately, the Youtube video that i and other investors shared on Twitter was removed. However, it will be interesting to watch the reaction on Monday because everybody knows this stock still heavily shorted, but the numbers are a bit incoherentes. I took a long position on Friday after watching the Video. Let's see what next week brings us.

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NASDAQ:MSN - Former runner. I used the pullback on Friday to build a slightly larger long position on this small name. I think the current prices offer a great opportunity for a possible trend reversal.

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Sundial Growers Inc (NASDAQ:SNDL) traded higher last week and has closed back above the major support, although only by a few cents. If the stock can break Friday's high next week, I think we will rally back to the $1.30 level.

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Houston American Energy Corporation (NYSEAMERICAN: HUSA) Friday's pullback seems a good opportu-nity to add longs. Key Momentum indicators remain relatively strong.

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Quhuo Ltd - ADR (NASDAQ:QH) is recovering from its recent bottom with MACD moving upwards. It looks like the stock wants to breakout of this bottom, but has not been able to gain the needed momentum. You should keep this stock on your screen radar next week.

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Novavax, Inc. (NASDAQ:NVAX) Another big winner for my readers. It was mentioned on the blog last week. Broke out into all time highs on massive volume. Buyable on any pullback to the pivot.

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.

Labels: BRQS, FUBO, GME, HUSA, MSN, NVAX, PHUN, QH, SNDL

00:56 | Permalink |

AC Investor Blog

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

Sunday, February 13, 2022

Crypto and stocks setups

Sunday, May 30, 2021

Stocks to watch on the first week of June

Sunday, May 09, 2021

Potential swing trade ideas for next week

Saturday, February 13, 2021

Here are a few trade ideas and my trading rules

Sunday, January 31, 2021

The best STONKS picks for the coming week :)

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