AC Investor Blog

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 |

9 stocks to watch in the coming week

Dearest Readers,

First, I would like to thank you for your cooperation and support during the last few months, with a high increase of followers on Twitter and a great increase in the number of followers on Stocktwits that has almost reached 65500 followers. Then, announce that next week I will be on vacation. My kids deserve all of my time, attention and the best of me now, while they are on school vacations. As I always say to all my friends, money is just an accessory that helps us to live better, but our family is our invaluable asset. Before I leave you, I added few charts with potential ideas for the coming week. Good luck to all of you and Happy Easter !!

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Arcadia Biosciences Inc (NASDAQ: RKDA) which has been in a sideways trading range, jumped $1.36 or 6% on Thursday to close at 24.01 on decent volume. If the stock breaks its hourly EMA100 at 26.65 in the coming days, we could see it reach the 35.5-37 range next. The technical indicators on the hourly chart are looking better now for the stock. The MACD indicator has moved above its signal line and RSI is rising. In addition, ADX is beginning to move up and this coincides with the gain in momentum. Long setup on watch.

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Yield10 Bioscience Inc (NASDAQ: YTEN) is a sympathy play of RKDA with huge upside potential IMHO. Looking at the technical hourly chart there are some technical indicators lining up that may be indicating a rally is in the cards. The stock broke out yesterday above its downtrend line that has been in effect since the middle of current month. The breakout looks real good and i sense significantly more upside at this stage. Also MACD shows positive divergences. There could be good upside in YTEN, so watch the stock closely next week. Stock analysts have price targets well above $8.

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Amazon (NASDAQ: AMZN) has recovered nicely from recent selloff and can potentially set-up very well for a swing-trade if the stock breaks through the resistance level at $1458 (EMA50). However, the short-term bias remains to the downside. We need a strong break/close above that resistance area to resume the upside momentum.

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Stein Mart, Inc. (NASDAQ: SMRT) Volume starts to pick up again. The stock needs to take out $1.60. The break of that resistance with heavy volume should be the next buy point on SMRT.

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It's very clear that NII Holdings Inc (NASDAQ: NIHD) wants to move higher again, but too much caution right now. Once we get a couple of positive events, we'll move rapidly. The rising hourly EMA100 continues to support the uptrend. If the stock continues moving to the upside, next resistance lies at 2.35

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Sorrento Therapeutics Inc (NASDAQ: SRNE) hit a very important support around the $4 area and bounced strongly from there. Stock needs to confirm next week that a bottom is in place, otherwise more price weakness is expected.

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Callon Petroleum Company (NYSE: CPE) is a candidate to be traded in breakout mode. Long ovedr 13.32

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Kadmon Holdings Inc (NYSE: KDMN) I continue to accumulate this stock on weakness. A move above $4.52 could spark a nice short-squeeze. The stock had a nice surge a few days ago and has been in the process of consolidating.

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Lululemon Athletica inc. (NASDAQ: LULU) Breaking out to new highs. Looks good for higher prices.

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: AMZN, CPE, KDMN, LULU, NIHD, RKDA, SMRT, SRNE, YTEN

18:35 | Permalink |

Stocks to keep an eye on Monday, 26 of February 2018

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BlackBerry Ltd (NYSE:BB) surged 64 cents, or 5.37% Friday on higher-than-average volume and finished the day at its highest close in more than three weeks. The stock closed at 12,55, substantially above key resistance at 12,14 (50-day exponential moving average), confirming the breakout. Yesterday's close was also near the high of the day, another good sign and indication of possible continuation of current momentum. The technical daily chart is still showing the same trend as stock. MACD has crossed back above the signal line and the stock is still on top of 50-day and 200-day exponential moving averages. Based on the chart above, if you are short, you are on the wrong side of the trend. Plus, unusual call options activity was also detected. I'm looking for a move towards the 13.20 area in the next couple of days.

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NII Holdings, Inc. (NASDAQ:NIHD) Closed the week above the declining 200-day exponential moving average for the first time in months and looks like it will continue to run up. Looking at the daily technical chart above the stock has just entered into a short-term bull market as the price is now on top of all major EMAs. Other technical indicator such as MACD, is rising again and above 0 showing positive momentum, while RSI also shows buy signal. If the stock breaks next resistance at 1.10, the share price is likely to move to the target zone of the 1.25-1.3 range.

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Forward Industries, Inc. (NASDAQ:FORD) is one for the bottom pickers. Based on the daily technical chart above, this stock has declined to the point of becoming a good bottom play, at least a 25-30% bounce in my opinion. The RSI is trying to move up from the bearish zone while the MACD and Slow Sto are showing a positive divergence, signaling that a bounce is likely. On Friday in after-trading, the COO Paul Jean Severino, has filed an initial statement of beneficial ownership where 200,918 shares of Forward Industries were declared. Generally when insiders own shares, especially in large amount it is a sign that positive things are coming. Im long.

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SemiLEDs Corporation (NASDAQ:LEDS) keeping my bullish bias despite the volatility on daily. The stock has held support around the short/medium-term EMAs and is displaying a screaming buy divergence on the upside in the momentum indicators. With 20-day EMA on top over 50-day EMA, MACD above its signal line and RSI above 50% level, the stock is currently in a short-term uptrend. A reversal may be on the way. Im looking to see this stock re-test its January highs shortly.

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Rexahn Pharmaceuticals, Inc. (NYSEAMERICAN:RNN) was over $2.65 last month and closed yesterday at $1.74. We could see a sharp rally next week out of these oversold conditions. There is also a potential triplle bottom formation on daily with some positive divergences and a breakout of $1.80 is likely to confirm it. With the 200-day exponential moving average at $2.33, there is a lot of room for this rebound to go. Stop 1.67

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Sorrento Therapeutics Inc (NASDAQ:SRNE) Strong move yesterday on solid volume. Traders should watch for a potential breakout over 9.55. The MACD is still positive and above its rising signal line.

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Momo Inc (NASDAQ:MOMO) cleared this major resistance on expanding volume and looks ready to extend its gains. Keep on watch list.

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RXi Pharmaceuticals Corp (NASDAQ:RXII) has the perfect set up to make a nice run here. The break out point would be at 3.57. Price attempted to push higher but found resistance around 3.50. Neutral bias for the week ahead but overall I still prefer a bullish scenario with 4.1/ 4.60 as nearest targets. Momentum indicators are rising.

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S&P 500 has been consolidating the recent gains, and appears close to resuming its rally. An upside breakout is likely at this time given the positive technical indicators. If it index breaks above this week's high, short-term trend will change to bullish.

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: $SPX, BB, Ford, LEDS, MOMO, NIHD, RNN, RXII, SRNE

17:24 | Permalink |

My Watchlist for Thursday, December 22

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Twilio Inc (NYSE:TWLO) Strong breakout of resistance on volume confirmation. Excellent relative strength to broad market. Watch for continuation. Next resistance lies around the $36 level (EMA50).

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Sorrento Therapeutics Inc (NASDAQ:SRNE) could be in the early stages of a technical breakout. A break through today's high on volume could lead this stock to 6-6.25 short-term. I started a position at $5.35 a share.

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Catabasis Pharmaceuticals Inc (NASDAQ:CATB) Today's pullback in the price on low volume has only served to backtest the downtrend line, the bias remains bullish. Technically speaking, I feel that there is a possibility for a strong breakout to the uspide targeting the $5 area. As long as the stock can remain above 3.30. I like the stock.

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Real Goods Solar, Inc.(NASDAQ:RGSE) posted a very strong bullish reversal candle on high volume today and could signal a short-term reversal of the price decline. Next resistance lies at 38c.

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Dataram Corp (NASDAQ:DRAM) has been on a nice uptrend and could be ready to breakout after strong volume in the last trading session. Breakout watch over 1.73

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Clovis Oncology Inc (NASDAQ:CLVS) Another one with a nice look. Poised to breakout to new highs.

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Diana Shipping Inc. (NYSE:DSX) surged in the final hour of trading and closed back over 3.30. The real fireworks should begin if it can close above $3.45. The daily MACD is starting to curl upward again which should eventually lead to price increases. On watch.

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DryShips Inc.(NASDAQ:DRYS) The morning rally was stalled by the resistance and market weakness. It needs to close above the EMA13 to give a new Buy signal. From a technical standpoint, indicators are looking bullish but giving mixed signals, which is usually during sideways consolidations.

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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: CATB, CLVS, DRAM, DRYS, DSX, RGSE, SRNE, TWLO

22:26 | Permalink |

Stocks to keep an eye on June 23, 2015

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Sorrento Therapeutics Inc (NASDAQ:SRNE) hit a new 52-week high today, trading as high as $17.05, before settling at a close of $16.82. I'll be watching the stock on Tuesday, looking for a follow through move. Resistance reflects today’s high of $17.05.

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Stratasys, Ltd. (NASDAQ:SSYS) has been trying to bottom for a couple of days now. There have been some pretty bullish candles forming on daily and it seems to me like it is ready to turn up. For the first time in weeks, RSI chart has a positive crossover, indicating bullish outlook and MACD still rising. The next major resistance level for stock is located at $38.44. A close above would be very bullish. On watch.

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Vascular Biogenics Ltd (NASDAQ:VBLT) is showing some signs of a possible reversal. The daily technical chart is now much improved after today’s action. The Slow Sto has reversed again the course and stock regained its 100-day EMA. I bought some today at $6.38 and I think that it could go to $8 relatively soon. On watch.

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Bullish volume pattern. Looks like Bioline RX Ltd (NASDAQ:BLRX) has a good chance to continue higher and a buy could be made as it moves over $2.30. If this happens, BLRX is a good play. The daily technical chart above shows the stock is on a bull market as the stock is trading above all EMAs and MACD has a bullish crossover. In addition, the stock was upgraded by JP Morgan and Roth Capital today with a target price of $5 and $10.5 respectively. Let's keep an eye on it as i think momentum will pick up.

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Celladon Corp (NASDAQ:CLDN) closed the day just above the break out point after some decent swings. The stock may attempt to go higher from here. If the near-by support at $2.23 (EMA13) holds up this week, a rally up to the $2.76 level is probable or even possible. Only a close below $2.23 would negate the positive outlook.

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: BLRX, CLDN, SRNE, SSYS, VBLT

22:34 | Permalink |

Stocks to Watch for December 04, 2014

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Rambus Inc. (NASDAQ:RMBS) jumped 1.80%, today, and closed at 11.88, just slightly below key resistance at $12. If the stock breaks Wednesday's high of the day in the 11.98 area, it could retest the September highs in the 12.9-13.30 area within the next couple of days. Technicals are showing bullish signals supported by by rising MACD and RSI on the daily charts.

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Sorrento Therapeutics Inc (NASDAQ:SRNE) The technical daily chart shows possibility of new rally as the stock bounced up after dropping back to EMA9. If a break above the 4.30 level occurs tomorrow, price could eventually target the $5 region to the upside. Indicators are improving with increased accumulation. Keep SRNE on your radar.

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BlackBerry Ltd (NASDAQ:BBRY) made another move higher today on decent volume. The stock closed near the highs of the day as well, which is very positive. If volume can pick up I think this stock can break through resistance at $11.17 and re-test its recent highs. There looks to be good upside potential, so watch the stock very closely on Thursday.

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ChipMOS Technologies (NASDAQ:IMOS) had a great day on Wednesday. If the stock breaks today's high at 22.02 in the next couple of days, the stock could see a further move into 22.6-23 area.

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MOL Global Inc (NASDAQ:MOLG) has posted an impressive two day rally from sub $2 to a close of $3.90 today. This technical chart above still looks like this reversal has more legs to it and this strong rally could take the stock to $5 - $5.30 before weeks end IMHO

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Idera Pharmaceuticals Inc (NASDAQ:IDRA) was on my bottom scan recently and has impressed since surging over 80%. After a steep rise since last week, the stock is now in overbought territory. Any pullback could be a buying opportunity.

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There is a potential breakout scenario developing on the daily chart of Infinera Corp (NASDAQ:INFN). Buy signal : When stock breaks $43.39

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: BBRY, IDRA, IMOS, INFN, MOLG, RMBS, SRNE

23:16 | Permalink |

AC Investor Blog

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

Saturday, March 23, 2019

Here are a few stocks to watch next week

Friday, March 30, 2018

9 stocks to watch in the coming week

Saturday, February 24, 2018

Stocks to keep an eye on Monday, 26 of February 2018

Wednesday, December 21, 2016

My Watchlist for Thursday, December 22

Monday, June 22, 2015

Stocks to keep an eye on June 23, 2015

Wednesday, December 03, 2014

Stocks to Watch for December 04, 2014

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