AC Investor Blog

Bottom setups to watch next week

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Last week when the stock ShiftPixy Inc (NASDAQ:PIXY) was making new lows, no one was talking about it. I had the stock featured on my Twitter as a bottom play several times at a time when there was very light volume and no interest, but I bet anyone who listened to my bottom call last week is very happy this weekend. The stock was at $12 and on Friday the stock hit a high of $39.50. Congratulations to those of you who took a chance on this bottom play.

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Another potential bottom play. Treasure Global Inc (NASDAQ:TGL) The stock price is showing signs of a potential reversal trend. We have witnessed a dry up in volume as its basing, which could mean that traders are slowly waking up to this fact. The stock hit a high of $19.80 on its first trading day, which is a huge catalyst for an amazing bounce from current levels. A breakout above $3.15 would constitute a technical entry for the short term trader looking for a quick trade.

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The short-term bottom looks to be in and the risk of more bloodshed is a lot lower than it was weeks or even days ago. Keep Magic Empire Global Ltd (NASDAQ:MEGL) on your radar, as we could be in for a real surprise if momentum picks up and the stock begins to breakout.

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SuperCom Ltd. Ordinary Shares (NASDAQ:SPCB) is in the process of bottoming and I expect a pop above $.45 at some point in the coming days. From a technical standpoint, the daily technical indicator MACD is still moving upwards after the bullish crossovers and the AD continues to show VERY strong accumulation. A sustained break of $.45 should bring the stock to a test of the March highs in the $.85 area

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Quhuo Ltd - ADR (NASDAQ:QH) is a stock that has been basing for a while here and technically is due for a breakout. Looking at the chart above we can see a strong support and buyers coming in around the 2.62-2.67 area

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Sharplink Gaming Ltd (NASDAQ:SBET) had a strong bullish candle in the last trading session with high volumes. The next key resistance lies at 1.40. If a breakout happens we can see a target of 2

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Motorsport Games Inc (NASDAQ:MSGM) may finally be ready to break higher after a strong close on Friday. Looking at the chart, technical indicators are flashing bullish signals

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: MEGL, MSGM, PIXY, QH, SBET, SPCB, TGL

13:41 | Permalink |

Top Stock Trade Ideas for the upcoming week

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Bright Minds Biosciences Inc (NASDAQ:DRUG) The stock finally broke the hourly falling wedge formation on large volume. The technical chart shows buyers are back. With the surge on Friday %K line is again on top over %D line showing the stock is back to a new rally. A move towards $2.50 can be expected as long as $1.52 holds.

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I have been following SuperCom Ltd. Ordinary Shares (NASDAQ:SPCB) for a few days now and surprisingly it showed some strength in the final hour on Friday in a depressed market. On the momentum front, I'm seeing some positive divergences in several key momentum indicators, but this is not confirmed yet, as prices have not shown a confirmed reversal. At the bottom of the chart is the accumulation/distribution line, and readings on the indicator suggest the stock has been under strong accumulation lately. The stock needs to break Wednesday’s high of $.41 to expect a strong rally at this point. I took a strong/long position last week. Note: The company already awarded several contracts in the last few months that are worth several million.

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Kidpik Corp (NASDAQ:PIK) Another interesting small cap for the month of September. The company continues to form a base around the $1.9's as we get ready for another major move higher. A break of $2.39 EMA100 with force might give the stock room to $4

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Mullen Automotive Inc (NASDAQ:MULN ) Friday’s action in the share price leads me to believe that we may see a reversal trend at this level. To sustain this point of view, stock needs to sustain actual levels in the days to come. Watching if this can go into $.74's next week to test/break the long downtrend line.

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BioXcel Therapeutics Inc (NASDAQ:BTAI) is showing positive momentum as the stock tests a basing pattern breakout level. Breakout watch over $15

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Reviva Pharmaceuticals Holdings, Inc. (NASDAQ:RVPH) decisively broke the bull flag formation with a big bullish engulfing candle and might soon find itself in next resistance at the 3.10 area

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American Resources Corp (NASDAQ:AREC) has been on a nice uptrend recently and could be ready to breakout again. Waiting for a break and closing above the $3.45 level for a long position.

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: AREC, BTAI, DRUG, MULN, PIK, RVPH, SPCB

19:30 | Permalink |

Stock watchlist for the coming trading week

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Remark Holdings Inc (NASDAQ:MARK) skyrocketed 40% or 45 cents to $1.58 per share on Friday after the company tweeted "First time $MARK @intel selling our technologies together," along with the detailed video. I see this news as very bullish. From a technical standpoint, the stock broke out of a descending channel formation that captured the mid-2020 bearish momentum on massive volume, signaling that a reversal is underway. The stock is now above its 50-day and 200-day exp moving average and if the upward trend can continue for another week and the 50-day moving average can cross on top over the 200-day exp moving average, then the stock will be ready for a big rally. Next major resistance lies at $1.98 NOTE: Wall Street analysts have a consensus price target at $4.25

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I made a nice trade on Globus Maritime Ltd (NASDAQ:GLBS) last week and I bought back the stock on Friday, expecting another leg up. This stock has a very low float (nearly 833000 shares float / outstanding shares 1.75M) and a history of making big moves. I would like to remind you that in November of 2016 a similar move (reverse stock split) was made by a Greek shipper company called DryShips reducing the number of outstanding shares to just 1.1 million. A few days later the stock recorded a nearly 2,000 percent return. I'm not telling you that GLBS will do the same, but we have to always look at the history of these companies to see the opportunities. For me, this is not a stock to invest in, just to trade because it has a history of dilution and discounted placings. However, I always take history as a mirror and look forward to the future. Watch the break of $8 on volume for another explosive move. Note: November is typically a strong month for Shippers.

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Tesla, Inc. (NASDAQ:TSLA) Very good consolidation in an ascending triangle pattern while volume is declining. This pattern within an uptrend suggests it should breakout to the upside, but a downside break is always possible. It is best to wait for these patterns to trigger before making a commitment. On watch.

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Supercom Ltd (NASDAQ:SPCB) The Company received an extension granted by the Nasdaq on Friday (after-hours news) a 180-calendar day compliance period, or until April 19, 2021, to regain compliance with the minimum bid price requirement. With the key momentum indicators displaying positive signs, share price could likely move higher next week testing eventually the recent highs around the 1.20 level. I was expecting the news, so now I'm more confident to increase my position.

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Yunhong CTI Ltd (NASDAQ:CTIB) had a great move on the upside Friday and closed above the 200EMA. The stock is setting up to break out and has one more level to go, which is $2.31

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Adaptimmune Therapeutics PLC (NASDAQ:ADAP) has achieved a boost during Friday’s market as traders witnessed the extreme oversold position, driving shares up 11.63%. I would like to see a break over yesterday's high of 5.16 to indicate possible bounce is on deck. I feel that fundamentally, the stock looks attractive at least for the short term. Long setup on watch.

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Altra Industrial Motion (NASDAQ:AIMC) broke through resistance at $43 accompanied with high volume. We should be able to see some decent upside movement for the bulls here. Buyable on any pullback to pivot.

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BlackBerry (NYSE:BB) has recovered nicely and can potentially set-up very well for a swing-trade if the stock breaks through the next resistance level at $5.25. Let's keep an eye on it.

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Allied Esports Entertainment Inc (NASDAQ:AESE) is already at oversold conditions with daily RSI (9) at 35. The daily MACD indicator has stabilized and volatility is dropping. On watch for a potential big bounce.

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Genius Brands International Inc (NASDAQ:GNUS) Volume starts to pick up again. Could make a huge move to the upside. Keep it on your watch list. A break of $1.61 with force might give stock room to $2

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Surface Oncology Inc (NASDAQ:SURF) momentum has become increasingly bullish over the past few trading sessions and the price is currently consolidating nicely above all EMAs. If it breaks above the intermediate resistance level 10, further up move can be expected.

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: ADAP, AESE, AIMC, BB, CTIB, GLBS, GNUS, MARK, SPCB, SURF, TSLA

11:13 | Permalink |

Swing trade ideas to watch for the last week of June

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Ocean Bio-Chem, Inc. (NASDAQ:OBCI) What a year it has been so far! Many of you may remember that I brought this stock to your attention on April 4th when it was trading at 4.30. I was optimistic after the company upgraded its revenue and earnings guidance for 2020. Last week the stock hit a new 52-week high of 16.19, as investors continue to be attracted by the disinfectant coronavirus plays. From a technical standpoint, the bull run needs to work out overbought conditions and form a bull flag. The underlying bias remains with the bulls while above rising 9-day EMA at 10.87. Congrats to those who have been trading smart and winning.

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Sonoma Pharmaceuticals Inc (NASDAQ:SNOA) is another disinfectant play like OBCI that looks ready to post a big move. An Australian regulator recently gave the green light for the wound-care-product company to label its disinfectant and sanitizer Nanocyn as effective against covid-19. The stock has a small float and the company's ambitious turnaround plans should result in a higher price per share going forward. This stock was at $19 in May and fell to its current levels. With the dramatic increase of coronavirus cases, I would not be surprised to see this stock trade back to $10 or better in the short term. Watch this downtrend line next week, the eventual breakout could be powerful.

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The strong move in AIM ImmunoTech Inc (NYSEAMERICAN:AIM) shares was something that I predicted and tweeted the potential trend reversal on Wednesday. If you were following my official twitter/Stocktwits account you would have gotten the tweet when the stock was trading at 2.27. It ended the day at $2.71 on Friday, gaining more than 8%. If you jumped in and booked your profits, congratulations. For now, if the breakout holds then so does a bullish outlook.

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Jiayin Group Inc (NASDAQ:JFIN) support remains strong and this stock wants to trade higher from here. I think the patient investor will be rewarded. I'm still long.

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SuperCom Ltd. Ordinary Shares (NASDAQ:SPCB) is seen finding decent support near the confluence of 4h rising 50EMA and major horizontal support line (previous resistance area). I expect share price to resume its up trend after recent consolidation and head towards $2 in the short term. The 4h RSI has sailed above its 50% level during the recent consolidation highlighting strength in the underlying trend. Plus, the 4h MACD histogram is also turning up for the last three days. This indicates that the current consolidation is approaching maturity and the stock is set to resume upward momentum. Long setup on watch.

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Vaxart (NASDAQ:VXRT) I have no interest in shorting this stock, but it needs to fill the gap before it moves higher again. The recent rally was very steep and this pullback was needed to undo the near parabolic move stock made on its way up to new 52-week highs. I'm looking to enter long at about 6.2-6.5 and have some entries set up, but if it doesn't get down there, I will use the break of the upper line of the falling wedge pattern on the 15m chart to enter long. Definitely on watch next week.

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SG Blocks Inc (NASDAQ:SGBX) surged late in the session on Friday following a company tweet "Brooklyn-based company repurposes shipping containers for pop-up COVID-19 testing labs" Perhaps we should get a press release next week. The stock has been basing around the $2.75 level for the past two months and looks right on the cusp on a big breakout to the upside. The upward momentum is picking up steam. Long setup on watch.

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Blink Charging Co (NASDAQ:BLNK) is in a bullish formation. A break through this 3.05 area could accelerate it higher.

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BOQI International Medical Inc (NASDAQ:BIMI) price has been trading a very tight range for a few days. If it clears the key resistance level at 3.14 on volume the move may be powerful. Coronavirus angle. Im long

Thank you so much for those who helped me to reach 61000 followers on twitter !!!!

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: AIM, BIMI, BLNK, JFIN, OBCI, SGBX, SNOA, SPCB, VXRT

19:57 | Permalink |

Coronavirus plays and other stocks on my watchlist for the coming week

Dearest followers,

I will start the post by suggesting everyone to be responsible and stay at home. We are living difficult times due to the COVID-19 pandemie but right now we have to rediscover the value of being together. Staying at home or social distancing is the best way to stop the virus spreading effectively.

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Inovio Pharmaceuticals Inc (NASDAQ:INO) hit some scanners yesterday with some impressive volume and closed up 11.25%. Are more gains in store next week? From a technical standpoint, the stock on the hourly time frame has been consolidating above the hourly EMA200 for the next break higher. $7.85 is the recent high that needs to be broken with conviction (price/volume). After that break $11.93 will come in short order. Long setup on watch.

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SuperCom Ltd. Ordinary Shares (NASDAQ:SPCB) I purchased a large position on this small cap after the announcement of CEO that will buy up to 6M of shares and he said the current price does not reflect the value. "I believe the SPCB current stock price levels do not reflect the high intrinsic value of the company. This program provides me the ability to opportunistically acquire SuperCom shares and underscores my ongoing belief in the Company," commented Mr. Arie Trabelsi , President and CEO of SuperCom". Plus, the recent news makes me more interested: The company has won a new project with a California Central Valley county to provide employment and anger management services, valued at up to $3.8 million and they plan to leverage its proven, robust and scalable people tracking technology to aid in fighting the spread of the the coronavirus (COVID-19). Supercom is offering a new solution for quarantine and isolation monitoring to assist governments as they strive to contain and limit the reach of infectious diseases such as the coronavirus. I took advantage of the bad market on Friday to increase my position. 30m chart shows an increase in buying pressure (Accumulation).

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Myomo Inc (NYSEAMERICAN:MYO) continues to gain momentum. The stock has been on a nice uptrend recently and could be ready to breakout after decent volume in the last two trading sessions. I wouldn't be surprised to see this stock trade back to $5 or better in the short term.

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Document Security Systems, Inc. (NYSEAMERICAN:DSS) this stock deserves your attention next week. This company signed a letter of intent to acquire a coronavirus biotech last week (Impact Biomedical). Impact has a number of healthcare products in development including Equivir product which has been shown in studies to be effective as an antiviral against a broad range of viruses including in vitro efficacy against multiple strains of Influenza (H1N1, H3N2, H5N1, H7N9, Influenza B, Parainfluenza 3), Human Rhinovirus-14, Human Coronavirus-A, and Ebola. Equivir’s abilities to inhibit viruses via multiple targets have prompted further studies to test Equivir as a potential treatment of COVID-19. Looking at the hourly time frame, the stock looks right on the verge of a breakout. A decisive move above 21c has a measured move target of 26/27c initially, and any breakout should see price quickly move into the $.50s.

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OPKO Health (NASDAQ:OPK) I started buying this coronavirus play on Friday not because of the chart but due to its recent news and insider activity. At some point this stock will come on the radar of fund managers again. Might bounce here.

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Oragenics Inc (NYSEAMERICAN:OGEN) could be in the early stages of a technical breakout. The stock finally closed above the upper line of the falling wedge on the 4h chart for the first time since peak at 0.879. I will be watching very closely for news. The stock looks like it wants to run.

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T2 Biosystems Inc (NASDAQ:TTOO) The stock pulled back yesterday after a pretty significant breakout on Thursday. I like the idea of getting long here with a stop right below 32c. Company announced last week that it was awarded an Innovative Technology contract from Vizient, Inc., the largest member-driven health care performance improvement company in the country, covering its T2Dx Instrument, as well as the T2Bacteria and T2Candida Panels, that detect sepsis-causing bacterial and fungal pathogens directly from whole blood. Plus, company still tweeting that T2Bio’s Panels enable rapid ID of sepsis-causing secondary infections, providing ID in 3-5 hrs. direct from whole blood, enabling Drs. to target therapy for patients with co-infections associated with COVID-19. Still in play for me.

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China Pharma Holdings, Inc.(NYSEAMERICAN:CPHI) One of the best setups out there. I love to play falling wedge patterns. A breakout in the direction of the previous trend confirms the continuation patterns. This stock is breaking out again of a falling wedge which is generally a bullish signal. Definitely on watch next week.

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: CPHI, DSS, INO, MYO, OGEN, OPK, SPCB, TTOO

13:39 | Permalink |

AC Investor Blog

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

Sunday, September 11, 2022

Bottom setups to watch next week

Sunday, September 04, 2022

Top Stock Trade Ideas for the upcoming week

Saturday, October 24, 2020

Stock watchlist for the coming trading week

Saturday, June 27, 2020

Swing trade ideas to watch for the last week of June

Saturday, March 21, 2020

Coronavirus plays and other stocks on my watchlist for the coming week

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