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Sunday, March 27, 2022 

A few names on my watchlist for the coming week

Dearest all, 

I hope everyone is enjoying a great weekend with family and friends. I'm sure you are eagerly awaiting the market’s open tomorrow and getting ready to start the week with a profitable trading session. I will take this opportunity once again to inform you that my Twitter profile continues to be cloned 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 crypto products. 

 Please be aware that I don't send private Twitter messages promoting services nor ask you for money. I would also like to make clear that I have never been paid to promote a stock/company, and I never will. All of my stock picks, technical analysis, and posts are crafted utilizing my own knowledge and experience. I trade all types of stocks, big mid and small caps, but never the OTC market. I thank you for coming here and reading what I have to say about stocks on a technical level for informational purposes only.

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Westwater Resources Inc (NYSEAMERICAN:WWR) had another very productive week as we saw gains of over 10% on decent volume and I believe it has more room to run. The daily MACD-Histogram has been sloping up and the MACD fast line and RSI are both rising, indicating bullishness. I definitely like the way it's trading and at some point I think it will leap over $2.5

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Tilray Inc (NASDAQ:TLRY) has been in a nice uptrend for the last 2 wks and is now very near to break another key resistance level. Keep an eye on TLRY for a possible breakout over $9

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Jupiter Wellness Inc (NASDAQ:JUPW) had a strong bullish candle in the last trading session on heavy volume and closed back abv the declining EMA100 for the first time in months. The next key resistance lies at 1.64. If a breakout happens we can see a target of 2.25 (gap zone). So far, all daily technical indicators are in favor of an upward price movement. The MACD has generated a new buy signal on Friday and is currently above the 0 line. All short-term EMA’s are below the current price. Long setup on watch. Weed play

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Globalstar (NYSEAMERICAN:GSAT) Flagging nicely here after a strong rally. Keep it on watch, next buy point when it clears 1.5 on heavy volume.

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Northern Oil & Gas, Inc. (NYSE:NOG) Broke out to new highs Friday on solid volume. I will be looking for a follow-through day for a potential swing entry trade.

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Ageagle Aerial Systems Inc (NYSEAMERICAN:UAVS) buyers failed to uphold momentum on Friday and the stock pulled back to the key support zone previous major resistance line. If support holds we might expect another test of the 1.54 level. A break above the horizontal line (yellow) could signal further upside.

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Meiwu Technology Co Ltd (NASDAQ:WNW) Potential bounce play opportunity. Agriculture stocks have been very hot lately and this Ag China name could follow. Technical indicators have turned bullish signaling sideways to higher prices possible in the near term. Next resistance lies at 1.55

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Dorian LPG Ltd (NYSE:LPG) continues to perform nicely and appears poised to breakout to new highs. Keep it on watch.

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Arca Biopharma Inc (NASDAQ:ABIO) COVID data next week (according to the company). Worth watching. Could squeeze over 2.55 targeting initially the 3.7 area.

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Core Laboratories N.V. (NYSE:CLB) had a nice bullish momentum on Friday, gaining more than 5.9% and ending the day near the highest price of the day. The bias is bullish in the nearest term especially if the price is able to stay consistently above $29 targeting $36

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

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Saturday, April 17, 2021 

Potential bounce plays for the coming week

 

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It has been tough times for everyone trading small caps in the last few days/weeks. They have been dis-connected from the other mid/big caps. Everyday things are changing and we have to make the decisions accordingly. These stocks are very oversold in every conceivable time frame, suggesting that downside price action is limited, whereas upside price potential is very significant. Meanwhile, yesterday, we already started to see some signs of recovery in some small caps, confirming that probably we will see some rotation going forward from big caps due to the overbought conditions to small caps clearly in the opposite situation. The Russell index from a technical standpoint is just making a pause on the upside move and a break of the 226.69 level should attract a lot of big traders to the small caps again. Call me crazy, but May might become the month of new highs for Russell. So watch closely this level of resistance next week. 

In 1871, Baron Rothschild is purported to have said “Buy when blood is running in the streets”. While the streets are not running with blood at this time, to those invested in small caps, it certainly feels that way and I am currently buying new positions and accumulating some others at bargain prices.

I listed below some potential bounce plays for the coming week. 

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SeaChange International Inc (NASDAQ:SEAC) Here is a good example of total overreaction in this small cap environment. This company closed an offering just a few weeks ago at $1.85, which was above the five-day average closing price of $1.26, something impressive for a small cap stock, demonstrating a tremendous investor interest. As I tweeted yesterday I took a significant long position on the stock at 0.945 (100000 shares) and increased at 1. There is no way this stock should be trading at $1.03 and current prices could qualify as the bargain of a lifetime. Another reason that we might have seen the bottom now is the fact that the stock printed a large bullish hammer candlestick yesterday on the daily chart. Plus, the accumulation/distribution line remains at high levels, meaning that the strong hands are holding not selling. I know that is a lot to chew on, but to sum it up, I believe SEAC is a bargain at these prices.

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If you were looking to get into  CPS Technologies Corporation (NASDAQ:CPSH), now might be the last chance you get to get in this low. The stock should rebound solidly making these $8's look like quite a bargain down the road. I entered long before the close.

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WiMi Hologram Cloud Inc (NASDAQ:WIMI) Daily MACD triggered a new buy signal last week. Could start to heat up the next few weeks. The chart shows a stock that is looking to rally with $6.85 as the next logical price point. After that the 200 EMA comes in at $7.05 and the March high of $9.93 would be next.

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Liquid Media Group Ltd (NASDAQ:YVR) Watch the break of the upper line of this large falling wedge on the 4H chart for a big run. NFT play that deserves your attention.

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This stock has been one of my biggest disappointments this month. Honestly, I have still not given up hope. The financials for Borqs Technologies Inc (NASDAQ:BRQS) are not representative of a $1.12 stock, but rather a $2-$3 stock.  At some point the investment community will catch onto this, until then I think BRQS is a true bargain 5G play.

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Genius Brands International Inc (NASDAQ:GNUS) On the daily chart, the price struggled to continue its downward move yesterday, and it closed with a doji candle formation after touching the major support level at 1.40.  The doji gave a signal of possible price reversal upward, especially since it formed around the 1.50 area, which, although offered no distinct high or low, is congested with previous support and resistance levels. Possible bounce play next week.

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Tilray Inc (NASDAQ:TLRY) showing signs of possible bottom turn reversal.

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

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Saturday, November 28, 2020 

Good looking chart setups to watch next week

Dearest readers,

What a great trading week this past week and looks like plenty of opportunities for the rest of the year. Congratulations to those who have profited on this spectacular week, that is what this blog is all about, if it was not your case, never give up, there are always opportunities. Nothing in this market is easy, but with experience, discipline, instinct, and knowledge you can increase your chances at turning a nice profit. Be humble and the market will show you the way. 

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Tilray Inc (NASDAQ:TLRY) There should be plenty of smiles to go around to everyone after yesterday's chart alert (tweeted at 7.45) not only had a big green day, but was crushing resistance levels like little anthills. I want to congratulate anyone that saw the opportunity in TLRY.  Given the recent presidential elections there seems to have been a direct interest in multiple Cannabis tickers throughout this sector of which TLRY has considerable potential being a part of given recent performance. The technical indicators are looking bullish. The RSI has re-entered its bullish territory, the MACD is positive, and above its rising signal line. A break higher above 8.60 on Monday could spark another round of momentum buying. Keep watch because the technicals are indicating there could be more juice left in this stock, offering up multiple intraday entry points. Long setup on watch.

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Applied DNA Sciences Inc (NASDAQ:APDN) Another stock with a Cannabis angle. The cannabis legalization is directly connected to APDN traceability technology. The company offers Applied DNA Sciences Portal, a software platform that enables customers to manage the security of company-marked goods, DNA Transfer Systems and Cannabis Tracking System for real-time monitoring. Yesterday the stock made a strong move to the upside, closing near the highs. The stock is setting up to break out and has one more level to go, which is $7.25. The technical indicators are looking mildly bullish. The daily MACD is negative, but rising above its signal line and the RSI has managed to move above their 50% levels. The price can head towards the $8 zone. If this zone is surpassed, getting to $10 would be a possibility. The break of this chart pattern could fuel a short-term price spike because the stock technically has a lot of upside potential, so watch it closely on Monday. Don't be fooled by the large sell orders on the screen in a low float play, generally when a big player wants to sell a large sell order they hide or divide the order never expose it on the screen for everybody to see it. Be smart and dont play the stupid Market maker games.

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India Globalization Capital, Inc. (NYSEAMERICAN:IGC) Another name that I alerted yesterday via Twitter for the unusual volume detected. The stock displayed some impressive relative strength with a 30% gain. On the technical side, MACD and ADX all point to an upward trend while RSI is also rising. The stock broke and closed above resistance at $1.75 and should continue to move. The stock hit a high of $2 on Friday, which is resistance for Monday’s move. Keep it on watch.

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Genius Brands International Inc (NASDAQ:GNUS) technically also looks interesting. The $1.58 level is an important resistance that once broken will set off a huge run up in stock, the 1st target would be $2 which is the high of August.

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Canopy Growth Corporation (NASDAQ:CGC) Broke out to new highs yesterday on decent volume. It entered into the overbought zone RSI 76 but remains healthy, so let it cool down then buy it.

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FSD Pharma Inc (NASDAQ:HUGE) Potential breakout play. The break of this major downtrend line next week could be HUGE for this name.

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BlackBerry (NYSE:BB) Yesterday, the stock finally broke out of the range it had been trading in the past couple months with a strong close at $6.15. The stock could now move all the way to 6.89, which is the 52-week high.

If you've ever been curious about one of my favorite trading tools, there's never been a better opportunity to take advantage of this offer. TradeIdeas is offering 25% off for the Thanksgiving week. Click HERE and use this CODE: THANKSGIVING25% (applies to first month or first year purchase). It expires Monday, Nov. 30th. Trade-Ideas is my scanning platform. Have a wonderful weekend everyone.

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

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Saturday, November 21, 2020 

Stocks on my top watchlist for potential swing trades next week

 

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Pizza Inn (NASDAQ:RAVE) broke out of a bottom consolidation yesterday, jumping 15% on decent volume, reclaiming the declining 200-day EMA. Definitely one to watch on Monday. Possible gapper candidate. A growing number of individual cities are locking down partially their citizens again in a bid to curb the explosion in COVID-19 infections, so I think the delivery food sector will start moving again. From a technical standpoint, the stock closed above its 200-day EMAs for the first time in months and all short-term EMAs are turning up. Daily technical indicators are also in bullish zones showing upward momentum. As you can see on chart, if it breaks the 1.10 area a vertical move to $2 is likely.

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Dolphin Entertainment Inc (NASDAQ:DLPN) As you can see on the daily chart, volume is starting to come back and with it some positive price movement. We could be looking at the beginning of the next rally. Could pop over 75c. Daily technical indicators are turning bullish. Let's see what next week brings.

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Waitr Holdings Inc (NASDAQ:WTRH) not only broke the descending channel pattern on the daily chart that has been formed since the price reached the highs of 5.85, it also managed to reach the 3.90 area yesterday. I tweeted a potential big move in this name several times on Twitter last week, especially in the last two days. Any pullback to the former level will provide a buying opportunity for WTRH investors.

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Tilray Inc (NASDAQ:TLRY) Yesterday’s stock action confirmed the strength that appeared the day before yesterday. The pullback seems over on the daily chart. Buying dip is the name of the game now. Cannabis sector is also gaining momentum again. The 7.61 level is the current resistance for TLRY. If the stock breaks above this area, a confirmed buy signal will be triggered and my target will be set around 8.60 initially. I expect TLRY to even reach higher targets. Long setup on watch.

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OLB Group Inc (NASDAQ:OLB) If we look at the daily chart of this recent IPO play we will find a beautiful shape (rounding bottom pattern), a stock that attracts you to buy it. If the breakout above 4.40 (yesterday's high) is confirmed OLB can easily reach 5.2 due to its low float, which is a 20% increase in price. Money seems to be flowing back into the MJ sector again. This company Offers Payment Processing Options for Cannabis and CBD Merchants. As I always say, follow the money and the money looks to be flowing into this small one.

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China Finance Online Co. (NASDAQ:JRJC) Looking at this daily chart, it looks like a cup-and-handle formation, which could be construed as bullish. A confirmed breakout above 10 will lead to a renewed rise as we were expecting with a target around 15. While RSI is signaling a slightly bullish status, the ADX is gaining in traction and pointing highly upwards, signaling an upward trend. After over five weeks of remaining sub $10, JRJC could be in the early stages of a big rally. At some point the trader community will catch onto this. This stock will move quickly, so keep it on your screen next week. NOTE: Yesterday another China KXIN gained more than 100%, as i always say, it's just a matter of time.

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Platinum Group Metals Limited (NYSEAMERICAN:PLG) broke out to the upside of a flag formation on heavy volume, thus confirming its trend reversal. Could be more gains ahead for stock.

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OPKO Health (NASDAQ:OPK) The call options have been very active in this name in recent days, showing a more bullish stance. The 4.05 area is the major resistance for the stock. Those who want to enter the stock are recommended to step in at the breakout on volume. Such a breakout will lead to a strong rally on shares targeting initially the 4.76 level. Long setup on watch.

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

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Saturday, November 09, 2019 

Stocks to Watch for November 11, 2019

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Tilray Inc (NASDAQ:TLRY) on watch for a quick reversal. It has been holding this small trading range for the last sessions and I feel the next move will be higher. Go long on the break of Friday’s high at 24.10 The momentum in the short-term remains bullish, with MACD trending upwards above its signal line. Long setup on watch.

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Cronos Group Inc (NASDAQ:CRON) another potential reversal play. The stock is reversing off lows and is seeing strong buying volume. We could see a follow-through day on Monday with the stock now trading above all short-term major exponential moving averages. The next clear point of resistance is $9.37

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Taronis Technologies Inc (NASDAQ:TRNX) is a stock I tweeted about last week as one to watch for a potential reversal as well as one that has been on my low float bottom scan. On Friday, that reversal came to fruition to the tune of an 14.29% gain for the stock. Congratulations to all that profited on this stock and its big move. There is no reason the upward trend will not to continue. In fact, there are several reasons on chart  signaling that the uptrend could accelerate this upcoming week.

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Ocean Power Technologies Inc (NASDAQ:OPTT) On my fireworks list for next week. The stock is right near its bottom and I think we could see a strong reversal over the coming days. Company will host a Commercial Update webcast and conference call on Thursday, November 14 at 11:00 a.m. EST. The presentation will include details of OPT’s recently announced sale of a PB3 PowerBuoy to Enel Green Power Chile, as well as updates on current projects, the products and services pipeline, and a review of new product innovations.

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I like Plus Therapeutics Inc (NASDAQ:PSTV) for a reversal. Chart looks to be making a turn here. This $2.55 stock will have its day sometime in the near future. In my view, is a great bottom play.

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Precipio Inc (NASDAQ:PRPO) is a stock I think deserves some watching over the coming sessions for a potential reversal.  Another stock whose pattern is looking quite good here for higher prices. Looks to be setting up for an upside move, as the stock has held up well the past few sessions. Breakout watch above 2.50

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

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Saturday, June 08, 2019 

Chart setups to keep an eye on next week

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Rewalk Robotics Ltd (NASDAQ: RWLK) is back in play. The stock was one of the winners on Friday, as the stock closed up $1.58 or 30.1% on the day. If the stock can break Friday’s high of $7.10, we should see a continuation move.

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Jaguar Health Inc (NASDAQ: JAGX) was added to my watchlist as a possible bottom bounce-play for next week. Fresh R/S play hitting extreme oversold conditions. Just 1M shares float right now. I took a small position but will increase on the break of 7.50 R/S plays are very HOT and the momentum here will start sooner or later. Timing is everything on these stocks.

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Auris Medical Holding Ltd (NASDAQ: EARS) is another R/S play that I am watching closely. If it clears resistance at $3.13 on volume, the move may be powerful.

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Novus Therapeutics Inc (NASDAQ: NVUS) i still holding. Big catalyst next week and a potential double bottom pattern on daily $2.5 is the first short-term target on a bounce. Crazy Friday after-hours trading basically on no news. Please read the meaning: SEC Form S-1 Definition


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Tilray Inc (NASDAQ: TLRY) has had a rough time over the past months, but Friday’s bounce could be the first move to recovery. Short-term indicators are starting to line up. The chart suggests that stock might find now resistance at $41.77 (declining EMA20). Only a close above this level would suggest further upside.

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Alibaba Group (NYSE: BABA) showing signs of bounce coming MACD cross. It is on the verge of breaking out and it could happen very soon. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls $156.11 break out watch.

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Blackberry (NYSE: BB) could be in the early stages of a technical breakout. Daily Momentum indicators are showing bullish signals supported by rising MACD and RSI on charts. The major resistance level for stock is located at $8.12 A close above would be very bullish. Keep it on your watch list going forward.

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Another great trading week for Workhorse Group Inc (NASDAQ: WKHS), however the buying pressure appears to have eased (see decreasing buying volume). Anyway, If the money continues to flow into this stock next week, you could expect more gains. Play it with tight stops.

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

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Saturday, February 02, 2019 

12 Technical Setups for the coming week

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In the past few days we have noticed that the stock price of Aphria Inc (NYSE: APHA) has been on a consistent bullish uptick in market valuation. Moreover, along with the market valuation the technical key daily indicators MACD, RSI and A/D have been bullish, rising for the past several days. Additionally, the stock past a key resistance level of 9.45. It is overbought but volume and money flow still building. So, keep watching APHA trade and watch for potential continuation of its recent upward move next week.

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I have Tilray Inc (NASDAQ: TLRY) on my watchlist. It may be ready to break out of this small consolidation. Bullish MACD cross on daily. Potential swing long above 84

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New Age Beverages Corp (NASDAQ: NBEV) Good pattern and accumulation, but I need to see further upside confirmation before adding a new long position. The good side of this stock technically is that MACD is still rising above the 0 line and RSI above its 50% level, so this stock is still bullish for now even if it is still consolidating. Keep an eye for a possible breakout over 7.62 next week to see further gains.

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Nio Inc (NYSE: NIO) displayed some impressive relative strength last week. A break of $8.3 with force might give the stock room to $10. MACD and A/D both signal positive strength and accumulation. The stock is trading above all major EMAs, also a bullish sign. A lot of eyes are on this stock right now, so make sure this is on your radar screens. Squeeze seems imminent.

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Onconova Therapeutics Inc (NASDAQ: ONTX) was another winner for my readers/twitter followers last week. The stock might face a period of sideways action here while it consolidates the gains booked in the last trading sessions.

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Naked Brand Group Ltd (NASDAQ: NAKD) has started to see some activity after a long period of hybernation. The stock broke the downtrend line last week and it gives a signal that the stock can move upward. Momentum indicators are also supporting the trend reversal. RSI is heading higher from oversold levels and MACD is showing signs of turning up finally. That could generate a lot of additional interest from other traders scanning for bottom plays that could be become solid gainers. Money flow into the stock has been very nice over the past trading sessions. NAKD Could be a BIG Runner, so watch it closely next week. If it breaks next pivot point at 93c can easily run to next target at 1.45 followed by 2.12. I entered long on Friday.

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Inpixon (NASDAQ: INPX) everybody knows that I'm a patient investor. This spec play is basing constructively above the $2 level. The real fireworks should begin if price can break above the $2.29 area. As long as the stock can remain above $2, I like the stock. The MACD line is starting to curl upward, which should eventually lead to price increases. Could be a high flyer on breakout. Keep on watch list. Note: The recent offering was oversubscribed at $3.33

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Ameri Holdings Inc (NASDAQ: AMRH) could be on the verge of making a strong move upwards. Stock closed 12.83% higher to 26c after basing over 1 month. Friday's rally was driven on higher-than-average-volume and positive money flow. MACD indicators are moving higher and on the verge of crossing the power zone. A break of 30c with force might give the stock room to 54c.

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Rewalk Robotics Ltd (NASDAQ: RWLK) was able to break through the 31c resistance level last week and sustained the move. I still holding my shares since 18c and will play the fill of the gap.

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VMware (NYSE: VMW) Keep an eye on this one, looks poised to break out and run higher.

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Infinera Corp. (NASDAQ: INFN) had a nice breakout with a pop of 76c to 5.16 or 17.27% on 7.5M shares, the biggest volume in a couple weeks. The heavy buying makes this an interesting situation and one worth watching on Monday. Nice gap here to fill.

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Axsome Therapeutics Inc (NASDAQ: AXSM) hit a new 52 week high and closed above resistance. As long as the stock stays above the $9 level it is still safe to hold on to your positions.

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

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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