AC Investor Blog

Great trade setups to trade next week

Dearest readers,

I hope you are all having a great start to 2021! May this year will bring all of us joy, love, health, peace, happiness and success. Thank you for all of your support.

( click to enlarge )

Gbs Inc (NASDAQ:GBS) It's becoming apparent investors are slowly starting to catch onto this small undervalued bio stock. I think this recent IPO play is trading at great risk/reward prices. The risk of continued downside, while obviously always a factor to be present, is a lot less than the possibility of a sharp oversold rally or bounce at current prices. Buying stocks at or near their all-time lows, especially ones like these that have not experienced much of a bounce, is a great way in my view to find profitable trades. We've seen very similar charts recently where a stock has fallen so dramatically. In each case, the stock rallied over 50%. If that holds true for GBS it will hit $10 or better on any bounce. As shown on the 30-minutes chart, the stock has broken the primary downtrend line to the upside and found resistance at the 7.50 area, which I pointed out on the chart. Looking ahead, a break of the resistance zone could potentially lead a rapid rise to 8.88. I think this stock is ripe for a short-term big rally.

( click to enlarge )

Genetic Technologies Limited (NASDAQ:GENE) The daily chart looks great for this stock and I think it's poised to hit $4.65 short term as the selling has abated and the recent rally on BNGO stock should bring new interest into the stock. I think this stock has room to go to the upside with $4.04 being the first point of interest.

( click to enlarge )

Avinger Inc (NASDAQ:AVGR) After a strong move to the upside the stock started last week on the defensive and has pulled back to test the previous breakout area (now support), closing the week well above. I've been behind this stock for quite a while now and always felt this stock was a great buy at its lows, and even now I believe there is profit potential from these prices for another run to 77c. It has found solid support and I would not be surprised to see it start to gain momentum over the coming days and weeks.

( click to enlarge )

Morgan Stanley (NYSE:MS) is approaching a key resistance point, which has contained the stock's attempts over the last 2 weeks. The sideway consolidation for the past couple of days is likely close to completion. Watch for a move above the 68.97 level to confirm further upside. On the bearish side, any close below the rising EMA9 would put the support line at 65.43 back on the map.

( click to enlarge )

Caterpillar Inc. (NYSE:CAT) has been in a large bullish consolidation over the last five week and appears ready for another breakout. Keep on watch.

( click to enlarge )

BioNano Genomics Inc (NASDAQ:BNGO) has been in a monster move to the upside closing higher in five of the last six trading days. This stock is very overbought, but this market has proven overbought can stay overbought for a long period. The EMA9 on the 30 minutes chart (yellow line) has been a good support for BNGO's stock price since it crossed the 80c zone. The short-term outlook is bullish as long it stays above the uptrend line. As i said previously, GENE is a good symp play to watch next week while it stays cheap.

( click to enlarge )

Marathon Patent Group Inc (NASDAQ:MARA) has held nicely above its $10.40 support line on a close basis over the last two weeks. The continued relative strength of Bitcoin could accelerate the bounce move on MARA next week.

( click to enlarge )

Canaan Inc (NASDAQ:CAN) has been on fire the past few weeks, and looks ready to make another upside move. The stock broke out of a consolidation range in the last trading session on heavy volume. Thursday’s high was $6.30, which is resistance for Monday’s continuation move. As long as the stock stays above the $4.70 area, the bullish scenario is still intact.

( click to enlarge )

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) broke out from a sidewards movement with decent volume on Thursday, creating a significant amount of bullish potential. On the technical side, MACD and ADX all point to an upward trend while RSI is also rising but hasn't yet reached an overbought level. The stock broke through its 100-day EMA and should continue to move. SNSS has a lot of upside potential, so watch it closely on Thursday.

LAST CALL !!! New Years Sale announcement: One of my favorite powerful intraday stock scanners is offering you 25% off your 1st month or year subscription. Sale ends Midnight, January 4th. Click HERE and use the promo code: AULDLANGSYNE25% at checkout to get 25% off.

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: AVGR, BNGO, CAN, CAT, GBS, GENE, MARA, MS, SNSS

16:45 | Permalink |

Small caps have been on everybody's radar last week, my watchlist for the week ahead

Dearest Readers,

I would like to thank you once again for your cooperation and support during the last few weeks, with a high increase of followers on the blog and a great increase in the number of followers on twitter that has almost reached 75,000 followers. As some of you may have noticed, last month I hit 96,000 followers on Stocktwits which was a huge achievement for me. A BIG THANK YOU to all of you.

I will also take this opportunity to inform you that my Twitter profile has been cloned over the past weeks/months by imposters that duplicated 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 people messages to sell products.

Please be aware:

- I just have 1 Official Twitter account @ACInvestorBlog currently with 74k followers and more than 124k tweets following just 294 people.

- 1 email account antonio.mrcosta at gmail com

- 1 blog and 1 verified Stocktwits account with more than 96k followers.

Everything that you find on the internet that does not match these metrics are not mine and please report to Twitter. Together we can win this fight or minimize their strength. Thanks all so much….i continue to receive a lot of emails everyday, sorry for the delay of reply, i'm doing my best but I don't have time to answer everybody's questions about trading or anything else.

( click to enlarge )

Urban One Inc Class A (NASDAQ:UONE) was a stock I alerted my followers at 3.80, closed yesterday with a gain of 71.28 per cent largely driven by the Trump news in the final hour. I'm still holding the stock for next week. A short term target of $10 is not out of the question considering volume and price action on Friday. From a technical standpoint, the stock printed a strong bullish reversal successfully breaking several resistances lines and closed back above the 200-day EMA for the first time since August, which is a strong bullish signal. Considering the strong volatility of the stock due to its low float, it is necessary to act with a precise timing.

( click to enlarge )

Professional Diversity Network, Inc. (NASDAQ:IPDN) was another stock that reacted very well to Trump news that deserves your attention going forward. With some buying volume this stock could soar just like UONE. The stock broke a large falling wedge pattern on the 4h time frame on Friday, and after a few attempts. These lotto plays are the riskiest plays, but also can be the most lucrative. As you can see on the chart, next major resistance lies at 1.78 followed by the 2.20 area. IPDN will move quickly, so keep it on your screen on Monday.

( click to enlarge )

SilverSun Technologies Inc common stock (NASDAQ:SSNT) is a stock that is still flying under the radar of so many traders. I think right now SSNT is forming a solid base for a substantial move while MACD is crossing up. Small caps are getting explosive, and I don't think it will be any different with this one. If the stock holds above $2.40, the price may rise to the 3-3.2 range again in the short-term.

( click to enlarge )

Sunesis Pharmaceuticals, Inc.(NASDAQ:SNSS) looks poised to breakout these next few weeks as attention appears to be returning to the stock via price gains, volume, and press releases. Orphan Drug designation received yesterday. It rallied 16% and looks to continue its winning ways on Monday.

( click to enlarge )

Genius Brands International Inc (NASDAQ:GNUS) volume was sharp on Friday and we could be looking at the beginning of another big rally. I think this stock will get more attention as the volume and money flow increase. As I always say, follow the money and the money looks to be flowing into this one. With continued buying pressure I am looking for this stock to hit and pass its exp 100-day moving average. Long setup.

( click to enlarge )

Arca Biopharma Inc (NASDAQ:ABIO) I suggest you keep this stock on your radar. At some point I think it will post another impressive rally. One positive sign comes from insider transactions as company Chairman of the board bought a total of 18,000 shares last week. Generally, when insiders buy shares, especially in large amounts it is a sign that positive things are coming. If it can keep going up and break the resistance at $4.68 this could further confirm a new uptrend. On watch.

( click to enlarge )

I continue to watch DPW Holdings Inc (NYSEAMERICAN:DPW) The volume is still large so the stock could potentially break out again at any moment. I think this stock will get more attention as the volume and money flow increase. Go long on the break of Friday’s high.

( click to enlarge )

Vislink Technologies Inc (NASDAQ:VISL) Another potential bounce play. The technical indicators are showing some signs of an upward reversal. A rally above the 20EMA on volume can push the stock higher to 1.69 and 2 in the short-term.

( click to enlarge )

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) it's just a matter of time. I'm buying while it's cheap, and just holding. Shipper season around the corner and positive divergences on daily charts supporting also a big bounce ahead. Hudson Bay Capital Management LP added 585,000 shares last month. Huge gap over 55c.

( click to enlarge )

Digital Ally, Inc. (NASDAQ:DGLY) This stock broke out last week the large falling wedge pattern on volume and is in buy range. I think the stock should resume the upside during the week ahead.

( click to enlarge )

I've been following Kodak (NYSE:KODK) for a few days now and surprisingly the stock showed a lot of strength Friday. Any close above the 9.69 with force might give room to $11 (gap zone). Possible reversal pattern forming.

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: ABIO, DGLY, DPW, IPDN, KODK, SHIP, SNSS, SSNT, UONE, VISL

17:28 | Permalink |

Here are a few stocks to watch next week

( click to enlarge )

The stock continues to sit in a consolidation range. At some point, India Globalization Capital, Inc. (NYSEAMERICAN: IGC) will breakout and I want to be there for this move. There is strong resistance around $2.35 and if the stock stock can break through this level, there is a strong chance IGC can run back to the $2.6-3 range. On the downside, a break below $1.85 would be your first sign of weakness which could lead to bigger problems. So it should be used as your mental stop loss.

( click to enlarge )

aTyr Pharma Inc )NASDAQ: LIFE) broke the downtrend line that it established since June 2018 and traded nearly 3x normal daily volume. The has been under a buying pressure in the last few days, and overall the stock still looks healthy. The technical indicators look good at this stage, as seen in the chart above. The RSI indicator sloping up and crossing the 50 mark and MACD rising above zero line, which is bullish.I expect the shares to test prior highs in the $68c area in the coming days. There is a big event coming up soon. I have been accumulating this stock, not only because the event but also due to its strong cash position (As of September 30, 2018, aTyr had $56.0 million in cash). Watch the stock closely next week. Note: Earnings March 25th

( click to enlarge )

Tanzanian Royalty Exploration Corp (NYSEAMERICAN: TRX) broke out on Friday and made a new 52-week high of $.788. The stock had big buyers in it all day, but is now showing overbought readings. Buyable on any pullback to 68c-70c zone.

( click to enlarge )

Sorrento Therapeutics Inc (NASDAQ: SRNE) is one of the hottest stocks of Nasdaq right now. The stock has been on a non-stop rally since March lows but needs now to reset the extreme overbought conditions to provide some room to develop a new trend up. Keep watching the stock.

( click to enlarge )

Akari Therapeutics PLC (NASDAQ: AKTX) is still facing resistance around $4.3 area, however the technical chart still showing bullish bias wiht MACD indicating that the current short term price trend is very bullish. In addition, the technical indicator ADX is rising which indicates the trend is gaining strength. A break above $4.3 could trigger further upside momentum testing $5.50 initially then $7

( click to enlarge )

Seelos Therapeutics Inc (NASDAQ: SEEL) If the stock finds support around the prior support level, I will enter for a trade.

( click to enlarge )

Sunesis Pharmaceuticals, Inc. (NASDAQ: SNSS) broke out from a sidewards movement with huge volume on Friday, creating a significant amount of bullish potential. If the upward movement continue next week it may break out from its declining 200-ema resistance at $1.37

( click to enlarge )

Performance Shipping Inc (NASDAQ: DCIX) has had a hard time with resistance here but may be ready to move higher. The level which the stock may have trouble moving above is currently at $1.30 It would need to break above that level to run to $2. Watch the stock closely next week.

( click to enlarge )

Apple (NASDAQ: AAPL) made a significant downside correction on Friday. We need this downside correction as RSI already is in extreme overbought area on daily chart. We also should see this current downside momentum as consolidation/correction move. Immediate supports 189 and 185

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, AKTX, DCIX, IGC, LIFE, SEEL, SNSS, SRNE, TRX

19:03 | Permalink |

My Watchlist for Friday, July 28

( click to enlarge )

TearLab Corp (NASDAQ:TEAR) had a big surge in price and volume last week. The stock has consolidated over the last couple of days in a bullish pennant formation and appears ready for another breakout. The stock hit a high of $3.13 today, which is resistance for next leg up. If the stock can break through this level, I expect to see a strong upside move. A/D chart shows serious accumulation. I used today's pullback to add.

( click to enlarge )

Qualstar Corporation (NASDAQ:QBAK) has pulled back to test the 95.50 S/R region and a hold above this level would support bullish continuation. The recent breakout on volume, combined with the high short interest, could play out well for stockholders here. I bought few shares today.

( click to enlarge )

Thursday was big day for GNC Holdings Inc (NYSE:GNC) as it broke the key horizontal resistance line mentioned above. I would really like to see some follow-through tomorrow. If it does not blast out of the gates, a buy on the pull back could provide a profitable trade. Keep an eye on it.

( click to enlarge )

I still holding Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) with patience for higher expected levels ahead. We need to keep a close eye on the horizontal line on chart and resistance area. A break and close above it could take the price towards the next resistance area, which is at 3.30. MACD and RSI are rising, supporting a move higher. On watch.

( click to enlarge )

Hibbett Sports, Inc. (NASDAQ:HIBB) has been bouncing nicely and is now trading in the gap zone.

( click to enlarge )

Microbot Medical Inc (NASDAQ:MBOT) seems to be a promising stock to follow. It has an explosive chart in progress. The price action has remained under its daily 13-day exponential moving average for some time, however, there are many positive divergences, which suggest a possible price reversal at current levels. A break above $1.34 on a close basis would be very bullish. Let's keep an eye on it.

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: GNC, HIBB, MOBT, QBAK, SNSS, TEAR

22:18 | Permalink |

Small caps on my watchlist for Tuesday 25 July

( click to enlarge )

Adding Interpace Diagnostics Group Inc (NASDAQ:IDXG) to my watchlist again. The stock surged more than 14 percent yesterday accompanied by a good volume expansion. The stock is showing signs of bottoming out on daily charts along with all key momentum indicators giving positive signals. Gap over 1.03 with an initial target 1.38 (closing gap).

( click to enlarge )

ChinaCache International Holdings Ltd (NASDAQ:CCIH) Over the past two months trading this stock has formed a Falling Wedge pattern on low volume and the risk to reward ratio points strongly to a bullish reversal. Break of resistance around the $1 area could lead to a new short term momentum toward 1.46. Keep the stock on your radar.

( click to enlarge )

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) Good upside volume the last two days. A breakout could be coming soon. Look at the A/D indicator on the chart above, that is serious accumulation.

( click to enlarge )

MabVax Therapeutics Holdings, Inc. (NASDAQ:MBVX) key resistance has been broken. The price can move up to 1.30-1.35 in the short-term. Now that the stock is above the 1.08 resistance area more buyers should be coming. Keep the stock on your radar.

( click to enlarge )

Rentech, Inc. (NASDAQ:RTK) building a nice flag chart pattern above key short-term EMAs. If the stock price can break/close above the 55c level, there should be some nice momentum in the stock targeting the 83c area.

( click to enlarge )

Bonso Electronics International Inc. (NASDAQ:BNSO) added to my swing long list. I see stock on verge of breaking up out of this large compression. The daily technical chart looks very good.

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: BNSO, CCIH, IDXG, MBVX, RTK, SNSS

09:23 | Permalink |

Stocks to keep an eye on July, 01 2015

( click to enlarge )

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) had a great move on the upside today and closed above the 200EMA. The stock is setting up to break out and has one more level to go, which is $3.14. SNSS call options were also very active today, particularly the August $4 calls. Long setup on watch.

( click to enlarge )

Micron Technology, Inc. (NASDAQ:MU) has achieved a boost during Tuesday’s market as traders witnessed the extreme oversold position, driving shares up 0.5%. I would like to see a break over todays high of 19.10 to indicate possible bounce is on deck. I feel that fundamentally, the stock looks attractive at least for the short term.

( click to enlarge )

Fitbit Inc (NYSE:FIT) Setting up nicely for new highs.

( click to enlarge )

Seres Therapeutics Inc (NASDAQ:MCRB) closed at $41.5 on Tuesday, up $3.50 for the day. The technical chart above suggests that stock might find now resistance at $42.36. Only a break above this level would suggest further upside.

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: FIT, MCRB, MU, SNSS

22:36 | Permalink |

Stocks to keep an eye on January 12, 2015

( click to enlarge )

Twitter Inc (NYSE:TWTR) attempted to push lower in the last trading session, slipped below 38.5 but closed the day higher at 40.17 on decent volume, above the major horizontal resistance line and the 50-day EMA for the first time since October 2014, as you can see on my daily chart. This fact confirms and keeps the bullish scenario intact. I think we could still see further upside attempts next week re-testing the 42 resistance area. Further, the MACD still rising and the RSI remains above 50 levels, suggesting continuation of the uptrend on the daily charts.

( click to enlarge )

Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) is pulling back after a strong rally and could form a bull flag pattern. The stock will probably need a rest here to clear the overbought conditions before making any further moves higher but the daily the momentum continues strong.

( click to enlarge )

Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) made a bit more progress to the upside on Friday by breaking a key resistance level built up last week and may still have a chance to run from here. It is likely to show further up side if the stock succeeds in convincingly breaching the resistance at 15 levels.

( click to enlarge )

Oasis Petroleum Inc. (NYSE:OAS) remains in this channel base pattern on hourly. This channel needs to be broken for a decisive move on either side. The positive divergences on momentum indicators chart support the bullish case. Institutions and insiders are adding positions. I'm long.

( click to enlarge )

Baytex Energy Corp (NYSE:BTE) On the hourly time frame, this Oil name also remains in a short-term sideways trend with positive divergence on oscilators, which means it could be basing for a move to the upside. Clear break above 14.89/15 area could trigger further bullish recovery testing 16.20. Immediate support at 14.32 followed by 14.01.

( click to enlarge )

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) tried to break out on Friday but did not have enough strenght to move forward, caution is best right here. A long entry could potentially be made at 3.

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: ACHN, ARNA, OAS, SNSS, TWTR

11:51 | Permalink |

AC Investor Blog

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

Saturday, January 02, 2021

Great trade setups to trade next week

Saturday, September 26, 2020

Small caps have been on everybody's radar last week, my watchlist for the week ahead

Saturday, March 23, 2019

Here are a few stocks to watch next week

Thursday, July 27, 2017

My Watchlist for Friday, July 28

Tuesday, July 25, 2017

Small caps on my watchlist for Tuesday 25 July

Tuesday, June 30, 2015

Stocks to keep an eye on July, 01 2015

Saturday, January 10, 2015

Stocks to keep an eye on January 12, 2015

About Me

FREE NEWSLETTER

Support AC

Follow me

Advertising

PREVIOUS POSTS

TRANSLATOR

Site Information

Stock Market Blogroll

Friends BLOGROLL

ARCHIVES