AC Investor Blog

Trade setups on my watchlist for the upcoming week

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Allied Healthcare Products Inc (NASDAQ:AHPI) this former pick of mine is gaining momentum again and could return to prior levels. As I have said previously, it is my opinion that this stock will trade to $10 and beyond. There is a lot to like about this stock. This company manufactures a variety of respiratory care devices, medical gas construction equipment, and emergency medical products for use in hospitals and home health care. The Company's medical gas equipment products include medical gas system construction products, medical gas system regulation devices, disposable oxygen and specialty gas cylinders, and portable suction equipment. Friday's volume was the highest since the start of the year, closing with a gain of 12%. Combining the recent price action with the spread of Covid again and the recent oxygen shortage in many areas around the globe, this stock could easily break the EMA200 AT 6.52 and run to next major resistance at $9.70 Keep in mind, this company only has 2.8M public shares float and institutions own more than 9.5% AHPI will move quickly, so keep it on your screen on Tuesday.

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Oxbridge Re Holdings Ltd (NASDAQ:OXBR) is gaining some serious momentum again. If volume can pick up I think this stock can break through resistance at $2.8 and re-test its recent highs around $3.50 This is a stock that went from these same levels to $9 a share. Could this be the start of a similar rally? We will soon find out.

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Astrotech Corporation (NASDAQ:ASTC) pulled back on low volume after approaching $2.65 on Thursday amid some market uncertainty. I used the pullback to build a slightly larger long position on the name. I think the current prices offer a great opportunity. Long setup on watch.

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Digital Ally, Inc. (NASDAQ:DGLY) Strong day in down market. Volume trending up while forming an ascending triangle formation. Trading above all key short-term major EMAs - looks to run higher.

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Cyren Ltd (NASDAQ:CYRN) started position, strong on weak tape. Stock broke through that critical 1.16 level Friday on solid volume. The recent uptrend is intact and signals further bullishness on this stock. The stock hit a high of $1.26, which is resistance for Tuesday’s move. If the stock can break through resistance, we should see a strong follow through move. Watch the stock closely next week.

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XL Fleet Corp (NYSE:XL) needs to hold support here to remain constructive for the short term or the dump will continue. If XL can reverse it would set up a nice base formation, but as noted, it needs to hold support first. On watch.

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Kaspien Holdings Inc (NASDAQ:KSPN) Setting up nicely for new highs. Thin name, but with a good looking chart. Breakout watch over $31.77

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Sorrento Therapeutics Inc (NASDAQ:SRNE) broke through a key resistance level on Friday accompanied with high volume, so keep an eye on it to see if Tuesday will confirm the intraday breakout.

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Keep an eye on Kodak (NYSE:KODK) and monitor its volume, MACD and RSI for any potential breakouts. I think this stock could start heading higher again and test recent highs. Watching 8.90 area for a range break.

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VirnetX Holding Corporation (NYSE:VHC) ended Friday's trading session at 5.69, advancing 12% with the stock attracting 20.5 million shares. The stock shows signs of bottoming out with the recent up move from its 4-month low. The stock has also moved back from the oversold zone and closed above all its EMAs. There is a high probability for a trend continuation in the next sessions, as the stock could test the next key resistance level in the 6.59 area. The trend indicator MACD has triggered a fresh buy signal as it curved upward and crossed above its signal line. Long setup on watch for continuation 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: AHPI, ASTC, CYRN, DGLY, KODK, KSPN, OXBR, SRNE, VHC, XL

16:09 | Permalink |

Some of my favorite chart setups for next week

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Boxlight Corp (NASDAQ:BOXL) Coiling up here. Long and will add on break of the 1.85 level. Daily technical indicators are turning bullish. MACD has crossed above its signal line in the negative zone and RSI is in the neutral zone, but showing a bit of upward momentum. The Chaikin Money Flow indicator turned positive, which is a good sign. To technically confirm a bottom reversal pattern, the stock needs to cross convincingly above its intermediate top of 1.86 touched in the week ending on August 28. Keep on watch.

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Esports Entertainment Group Inc (NASDAQ:GMBL) on my swing long list. The stock showed buying strength all week. Volume is starting to pick up again and there could be a decent short covering if it clears next week the $4.50 level. Plus, the MACD is showing a positive divergence and the RSI is back above the 50 reading forcing me to think the possibility of a trend reversal. Watch the stock closely next week.

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Bigcommerce Holdings, Inc. (NASDAQ:BIGC) is forming an inverted head-and-shoulders pattern in the four-hour timeframe in a possible signal for a positive trend reversal, whose neckline is placed at 90 and an upside breakout of this neckline will take the stock to 110 in the near future. Further, the close of BIGC above the short-term EMAs is adding to this bullish scenario. Long setup on watch.

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I feel Arca Biopharma Inc (NASDAQ:ABIO) stock is well overdue for a counter trend rally, and I think it could see $6 or better if investor interest comes back into this stock. It was trading over $8.5 a share less than three months ago. From a technical standpoint, MACD has generated a bullish alert and the RSI is in the oversold region, showing some signs of reversal. Let's see if it breaks over $4.65 in the coming sessions (Downtrend line). NOTE: Insiders have been buying lately.

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Sorrento Therapeutics Inc (NASDAQ:SRNE) is forming higher highs and higher lows creating a new ascending channel on the 1-hour chart, that is the sign of a bullish trend. As long as it holds the lower band of the ascending channel, the short-term bullish scenario is intact.

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Myovant Sciences Ltd (NYSE:MYOV) is showing signs of a short-term bottom and possible bullish reversal. Hourly RSI is improving and buy volume is increasing slowly. Watch the break of the 14.49 level next week to confirm a possible reversal trend. I took a big long position last week. I will play the bounce.

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India Globalization Capital, Inc. (NYSEAMERICAN:IGC) has corrected well recently and has been consolidating at around 1-1.15 levels for quite some time gathering potential to move up. The stock is showing signs of a bounce back to rise up further with positive bias and with the RSI and MACD Hist displaying positive divergences. A break of $1.15 with force might give room to $1.60 next week.

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Oblong Inc (NYSEAMERICAN:OBLG) momentum is coming back to this name. Daily MACD and RSI look promising. This could indicate the potential for some upside gains in the very near-term. If it breaks the 2.50 area, the stock could easily retest its 2.80 resistance area.

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What a year it has been so far. Congrats to all the twitter followers who moved on opportunities the entire year. Westwater Resources Inc (NASDAQ:WWR) was another fantastic call. I brought this stock to your attention last month in the $1.7's and closed yesterday at 4.42 after hitting a 52-week high of 5.62 during the day. Congrats to those that took full advantage of WWR alert. As i always say, buy low, sell high. The shooting star candle on the hourly chart in the final hour could be a sign of imminent pullback. Stock has a strong support around the 3.60's.

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Shares of Precipio Inc (NASDAQ:PRPO) are starting to heat up again and are worth watching. If volume can pick up I believe this stock can break through resistance at $2.73 and re-test/break its recent highs around $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: ABIO, BIGC, BOXL, GMBL, MYOV, OBLG, SRNE, WWR

17:47 | Permalink |

Stock Chart Patterns to Watch Next Week

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I've been following Kensington Capital Acquisition Corp (NYSE:KCAC) for a couple of days now and it looks like it may be turning here. The upper line of the falling wedge on the 30m chart looms above as resistance and I think it could easily catch some momentum and clear it. If the stock can break through resistance at 18 and close above it, we should see a strong upside move. Technical indicators are beginning to turn bullish. MACD is about to cross above its signal line, but both are still negative. RSI has moved above its 40% level and +DI is also about to cross over -DI signals trend reversal to bullish trend. The combined positive divergences means a likely up move above the 18 level. KCAC will move quickly, so keep it on your screen on Monday.

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Tesla, Inc. (NASDAQ:TSLA) recovered back above the $360 level last week, as bears failed to break under critical medium-term technical support. Technical indicators on the daily time frame are not giving a clear hint. MACD is in the positive zone, but has slipped below its falling signal line and RSI is at its 50% level neutral. Last week’s volumes were also a little muted, because of a holiday-shortened week. I think next week the stock is likely to make another attempt to cross the resistance zone between 398 and 400 but bears may not give up ground easily. From a medium-term perspective, as long as the lower trend line of the rising channel holds, the uptrend remains intact. I entered long again on Friday around 365

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Allied Healthcare Products Inc (NASDAQ:AHPI) appears to be poised for a nice bounce off this bottom.The stock has a long history of big bounces when the RSI touches extreme oversold levels. With COVID gaining rapid traction in the news again, this is a solid bounce play that should be kept on the radar. This company manufactures a variety of respiratory care devices and emergency medical products for use in hospitals and home health care. Daily technical indicators are beginning to turn bullish. This stock can shoot up to $10 in a blink of an eye.

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Superconductor Technologies, Inc. (NASDAQ:SCON) Need to see further upside confirmation on Monday before adding to the current position. The stock completely changed my point of view closing the week well positioned to start a bounce. Chart is displaying a buy divergence on the upside. If this pattern is resolved on the upside, the stock can potentially test $3.8 levels again. I really think this will go up to $4.5 - $5 a share if they release a catalyst news regarding the merge with Clearday because the float is very low. On watch.

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OpGen Inc (NASDAQ:OPGN) will be very interesting to see how this chart resolves. The stock has been basing in a very tight consolidation pattern and has been doing it on low volume, a buy now may be a bit early as a lot of resistance but a breakout would potentially move to the 3.5 level. Squeeze over 2.30. Watch the break of the pattern and play accordingly.

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Adial Pharmaceuticals to Present at the H.C. Wainwright 22nd Annual Global Investment Conference on September 16th. I love this Covid play at current levels (Rapid Result COVID-19 Antibody Test Kits). The 4h chart indicates that stock seems to be stabilizing and has formed a large falling wedge pattern, which is bullish. The volume has been quite modest for this name, and looking at the oversold readings of the RSI could power a rally that I think is coming. The stock will now be facing some resistance around $1.40. A close above this area will be very bullish and send the stock to next resistance area at $2

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Sorrento Therapeutics Inc (NASDAQ:SRNE) is still holding up well here and the stock has a chance to move higher. Looking at the positive divergence on MACD and RSI stock may break resistance line soon at 6.7. Definitely on watch.

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With the continued growth of Covid cases in India, this bottom play deserves your attention. Akers Biosciences Inc (NASDAQ:AKER) is a pure Covid19 vaccine research player for India. There are some signs that the stock is gaining some momentum in recent days. It is well oversold and a bull move is probable for the coming sessions. Plus, the technical chart shows some positive divergences. Keep an eye on AKER and be prepared for an upcoming move.

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Commercial Vehicle Group, Inc. (NASDAQ:CVGI) finally broke the bull flag pattern with a bullish candle. The stock traded decent volume as it hit a high of $5.21. This high is the next resistance for Monday’s continuation move.

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Workhorse Group Inc (NASDAQ:WKHS) remains one of the hottest stocks on the market and could be ready to break out of this sideways pattern. Price should become explosive if this daily chart pattern is broken to the upside with volume. Breakout watch over 24.49

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: ADIL, AHPI, AKER, CVGI, KCAC, OPGN, SCON, SRNE, TSLA, WKHS

15:32 | Permalink |

These are some setups for upcoming week

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The strong move in Sorrento Therapeutics Inc (NASDAQ:SRNE) shares was something that I tweeted Friday in pre-market as a potential big percentage mover. If you were following my twitter account you would have gotten the tweet when the stock was trading around 3.90. If you jumped in and booked your profits, congratulations. I sold all my old position, however it seems that we could see more gains going forward. Looking at the 5m chart the stock formed a trading range in the 6.5 to 7.5 region. A break up will bring the price to repeat the test of 9. Break down, will allow the bears to go to 5.74-5.33

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Forward Pharma (NASDAQ:FWP) This 6.29 stock was trading over 12.7 a share less than 3 weeks ago. That being said, and technically speaking, the odds suggest a bounce is in the cards next week. In addition, the stock has reached a major support level, where it bottomed out several times before. From a technical standpoint, the stock price is showing signs of a bounce and next level of resistance according to this 30m chart is at 6.40. The final hour bounce off the lows on Friday was a bullish signal and gave the bulls an indication that this bounce may be the start of something much bigger to come. You need to watch this stock closely on Monday because it could break resistance and rise to 7.2 range.

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Rallied hard Friday on heavy volume breaking several key resistances areas. If it clears back over 1.52 next week, may have some good upside. I tweeted the potential brekout on shares of Ibio Inc (NYSEAMERICAN:IBIO). Congrats to those who paid attention. Short-term technical indicators are strong.

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Francesca's Holdings Corp (NASDAQ:FRAN) is a stock I think deserves some watching over the coming sessions for a potential short-term reversal. Watching for $2.70 breakout. All key momentum indicators are in favor of an upward price movement. FRAN will move quickly, so keep it on your screen next week.

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Therapix Biosciences Ltd (NASDAQ:TRPX) There is a lot of volatility but the daily chart shows accumulation. Who is buying? Morgan Stanley reported a 5.1% passive investment last month. As i said several times, this stock should be trading abv 50c imho new CEO, different ideas, Nasdaq extension, offering closed. The company is on the turn-around and I expect the price to lead the charge. Im long.

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I have already outlined the many reasons why I like SG Blocks Inc (NASDAQ:SGBX) on Twitter. At 2.4 this stock, in my view, offers a tremendous opportunity to profit in the short-term. Yesterday, company tweeted that Osang Healthcare Co, the first South Korean testkit maker to receive authorization from the U.S. FDA, is ready to ship kits that can test 100 million people in the U.S. for Covid19 and SG Blocks is honored to be a distributor. Plus, in after-hours the company announced the closing of the issuance of an additional 900,000 shares of common stock pursuant to the exercise in full of the underwriters' over-allotment option in connection with its public offering that closed on May 11, 2020, which is a clear sign of investor interest. From a technical standpoint, MACD is starting to curl up, the grey histogram bars are starting to turn back to zero, showing that the recent downtrend is changing in the opposite direction. That trend change for SGBX is just getting under way. Yesterday, I increased my long position.

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PayPal (NASDAQ:PYPL) A bullish consolidation on the 4h chart, potentially offering a breakout opportunity.

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NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) I think I've been doing remarkably well spotting these small bottom charts lately. Is this the bottom? Thats always the risk, it could fall further, but from a technical perspective we could see here possible double bottom formation on hourly chart. In addition, MACD is also curling up and RSI is turning up below 50. Im still long.

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Novavax, Inc. (NASDAQ:NVAX) looks to be forming another bullish consolidation before more possible upside. The stock needs to digest the recent gains and work out the overbought condition with a correction or consolidation. Breakout watch over 46 SL 36

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Amyris Biotechnologies (NASDAQ:AMRS) successfully back-tested the recent breakout zone and bounced nicely. The stock has a bullish setup in play and as long as price holds $2.98 there is no reason not to be bullish here. Long setup.

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Vermillion, Inc. (NASDAQ:VRML) broke out of an important consolidation area with heavy volume and will likely have the attention of the swing traders in the next sessions. Buyable on any pullback to 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.

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: AMRS, FRAN, FWP, IBIO, NBY, NVAX, PYPL, SGBX, SRNE, TRPX, VRML

21:11 | Permalink |

Here are a few stocks to watch next week

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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.

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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

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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.

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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.

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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

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

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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

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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.

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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 |

AC Investor Blog

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

Saturday, January 16, 2021

Trade setups on my watchlist for the upcoming week

Saturday, October 03, 2020

Some of my favorite chart setups for next week

Saturday, September 12, 2020

Stock Chart Patterns to Watch Next Week

Saturday, May 16, 2020

These are some setups for upcoming week

Saturday, March 23, 2019

Here are a few stocks to watch next week

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