AC Investor Blog

Friday's Stocks To Watch - Happy Thanksgiving

( click to enlarge )

Myovant Sciences Ltd (NYSE:MYOV) money keeps pouring into this stock. One thing that never lies with bio cap stocks is money flow and MYOV has got it going on. This was a $27.45 stock back in July 2018, and while I don't see that price coming this year, I do think there is plenty of more room to the upside. I entered last week around 12.6 and took some profits yesterday. This is very overbought, so this means a possible correction is near and this may give me again a chance to jump in when it moves lower, but the trend is clearly UP.

( click to enlarge )

Obalon Therapeutics Inc (NASDAQ:OBLN) interest is starting to grow for this small bio cap stock (Watch this Video - Treatment designed for overweight patients). The CEO recentlypurchased 65K shares, which boddes well for us, investors. At some point, investors will catch onto this stock and send it higher. Getting in before the crowd is one of the best ways to make money in this market. On the daily time-frame, the MACD-histogram has been sloping up again and the short-term EMAs have just ticked up to give a buy signal on the Impulse System. The stock needs to break the downtrend line at 1.85 to expect a strong rally at this point. Im long and strong.

( click to enlarge )

Synlogic Inc (NASDAQ:SYBX) another small bio cap that deserves your attention next week. The company announced recently that Aoife Brennan, M.B., B.Ch., Synlogic’s president and chief executive officer, will participate in a fireside chat at the Piper Jaffray 31st Annual Healthcare Conference at 11:30 am ET on Thursday, December 5, 2019, in New York City. Certainly this is a stock to watch heading into the conference.

( click to enlarge )

Nio Inc - ADR (NYSE:NIO) this stock closed near its session highs on heavy volume. This stock continues its uptrend and I see it trading at $2.6 and better next week. We have a gap to fill.

( click to enlarge )

I know many have lost money on Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) as it continues to plunge, but at some point this stock will find a bottom and post a strong rally. Could it be right here at $2.50 ? This technical chart says its time to hold what you got and add a little on the break of 2.71 for a run to 3.36. With the recent positive events I think it is only a matter of time before TTPH takes off and breaks out of its recent bottoming trend. I have been accumulating the stock.

( click to enlarge )

After a nice pop in the morning the rally fizzled in the afternoon and Hepion Pharmaceuticals Inc (NASDAQ:HEPA) investors were left with a 35% gain on the session. Stock needs to hold the 5.80 support level in order to resume the uptrend.

( click to enlarge )

Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) news out bolstered the stock and could be signal another potential rally for this stock. It certainly deserves watching going forward. This stock could break out at any moment. Alliance Global Partners maintained Tonix Pharma (TNXP) coverage with Buy and target $6.5

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: HEPA, MYOV, NIO, OBLN, SYBX, TNXP, TTPH

15:36 | Permalink |

A few chart setups for the coming days and trading rules

Dearest readers,

I would like to thank you all for your cooperation and support during these last few months of the year, with a high increase of followers on Stocktwits (76000) and a great increase in the number of followers on twitter that has almost reached 38000 followers. Then, announce that in the next 3 weeks I will be on vacation and will not be back to update the blog until 10th of August. But before I leave you, I added a few charts with potential trade ideas for the coming days and once again my trading rules for newbies. Good luck to all of you.

( click to enlarge )

Safe Bulkers, Inc. (NYSE: SB) jumped 24 cents, or 11.88%, Friday to 2.26, breaking out after consolidating for two weeks in a bullish flag formation. If the stock breaks Friday's high of the day in the 2.3 area, it could retest the November highs in the 2.6-2.7 area within the next couple of days. Momentum key indicators are in bullish mode on the daily chart.

( click to enlarge )

Blackberry (NYSE: BB) the daily chart above is showing a stock that could be making strides toward turning higher. The daily MACD is curling nicely and the current $6.85 - $7 area looks like a some solid support/interest. We could see a quick pop from these levels.

( click to enlarge )

Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) is getting ready to come out of this base pattern. A close above 60c gets the party started. I would like to point out that while the stock is consolidating the accumulation line still rising, which means, someone is buying this dip.

( click to enlarge )

Bio-Path Holdings Inc (NASDAQ: BPTH) appears to have solid footing in the $13.25's and looks ready to test the $15's again.

( click to enlarge )

Kadmon Holdings Inc (NYSE: KDMN) has been in a strong upwards trend the past few weeks and is correcting some of the big gains while working out the overbought conditions. The 2.4 area level could provide a good entry point for short-term trades.

( click to enlarge )

AK Steel Holding (NYSE: AKS) seems to be a promising stock to follow in the coming days. The stock broke the downtrend line from the February peak of $3.29, which sets the stage for additional gains. Thing to watch out now for this stock is its resistance at 2.43 (declining EMA100), which if broken may give the possibility of it going to as high as 2.61 in short-term.

( click to enlarge )

Neptune Wellness Solutions Inc (NASDAQ: NEPT) is one of the hottest stocks in the market right now. The stock broke out to all time highs again last week and the volume was very strong, signaling that this move should hold. This is generally a hot buy from a technical perspective and the short-covering will continue to power the stock higher. The momentum clearly favors the bulls. The stock is now very overbought and it seems reasonable that it should rest. Technically a buy on any dip to the pivot zone.

( click to enlarge )

Dean Foods Co (NYSE: DF) broke the descending channel from the February highs on relative high volume and could eventually rally up to test its key resistance zone around the 1.5 area in the next sessions. In addition, MACD indicates positive momentum, while RSI is also gaining strength. Keep it on your watch list.

( click to enlarge )

Boeing (NYSE: BA) Volume is picking up but the stock needs to break this resistance zone first to me. If the stock can break out above $380 with heavy volume, I think the stock could shoot up to test $397 area. There looks to be good upside potential, so watch the stock very closely.

( click to enlarge )

Ameri Holdings Inc (NASDAQ: AMRH) is a penny stock I am watching closely. It can pop big time on any positive news. The stock is trading within an uptrend and in the short-term outlook it could rise to around 42c

( click to enlarge )

Nio Inc (NYSE: NIO) Coiling up here. A break through this 3.52 area could accelerate it higher.

( click to enlarge )

Vislink Technologies Inc (NASDAQ: VISL) was added to my watchlist as a possible bottom bounce-play for another possible swing trade. It is extremely oversold at this price level. Volume picked up a bit on Friday and the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. Bargain hunters may want to accumulate here.

I decided to share you all followers again my basic trading rules that should be taken always in consideration for trading in order to become a successful trader in the stock market.

1 - The trend is your friend, so never go against the trend.

2 - Keep your losses small. Golden rule: Cut losses short. Let profits run.

3 - Use stops. The stop loss should be placed few cents below the supports and not at the same level. 4 - Learn the basics of fundamentals, charts and technical indicators.

5 - The good trader is one who makes consistent gains, so don’t be a greedy trader, appreciate the small and the big gains.

6 - Do not fear the market. Be always confident in your trade decisions.

7 - Never buy what you do not want, because you think it is cheap.

8 - Always be conscious that the loss may arise and you should be prepared for that to happen. Open mind.

9 - For large positions, you must to have total control of the market never losing sight

10 - Volume is a leading indicator, so play the breakouts using the volume as support of your decision.

11 - Chart breaks without volume could be a trap and the probabilities of succeeding are low

12 - Do not be hasty to buy or sell a stock, every day there are new opportunities to make money. Be patient is the key of success of any trader.

13 - Only believe fundamentals as long as the technical signals follow.

14 - Trading very speculative stocks is a frequent mistake.

15 - Do not trade positions too large relative to your available capital.

16 - Do not invest all your money in one company. Your portfolio must be diversified.

17 - The Greed to pick tops or bottoms is a usual error. Wait for the perfect and confirmed signal.

18 - Do not make trading decisions based on a story you saw in the morning paper. The market many times has already discounted the information.

19 - Review your missteps to improve your skills

As i always say, with patience and discipline, you can take much more from the stock market than you ever gave. Trading stocks is not easy for beginners or professionals, it is really very hard and requires lot of attention and knowledge. If stock trading was easy, everyone would be doing it. You can be successful at the stock market, with patience, discipline and a good trade set-up. The key objective is to make money and not lose it.

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: AKS, AMRH, BA, BB, BPTH, DF, KDMN, NEPT, NIO, SB, TNXP, VISL

20:04 | Permalink |

Good Setups to watch next week, including China names

( click to enlarge )

Uber (NYSE: UBER) has been on fire the past few days, and looks ready to make another upside move. The stock broke out of a consolidation range on Friday as the stock closed up $1.25 on the day. Friday’s high was $47.08 which is resistance for Monday’s continuation move. As long as the stock stay above 45.5 area, the bullish scenario is still intact.

( click to enlarge )

Inpixon (NASDAQ: INPX) is still in bottoming mode it looks like. The technical daily indicators are looking better for the stock. The daily MACD is starting to rise, confirming a bullish divergence has taken form. As I mentioned on twiiter, INPX has had days when it exploded out-of-the-gates and made tremendous gains. The FORM-S1 on Friday after-hours is confirming my feeling that we should get some news very soon for the company to sell shares at higher prices. As i said last week, most of people dont like this company due to its diluition history, but we are here to make great swing trades, not to make investments. Thats said, i stand with my long position waiting for a big pop. We know that past performance is not always a guarantee of future performance, but we could learn from how INPX has reacted in the past, so keep a close eye on it and don’t miss the trade.

( click to enlarge )

Arca Biopharma Inc (NASDAQ: ABIO) is showing signs of an upcoming breakout. Watch the flag formation closely. A move above $7.77 would constitute a strong technical entry for the short-term trader looking for a quick trade.

( click to enlarge )

I've been stating for days that the Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) is trying to bottom. The stock remains deeply undervalued based on fundamentals with nearly $2.5 per share in cash and equivalents and has lots of upside potential. If it breaks the 1.45 level, the momentum could move stock up to the $1.78 area where the 50-day EMA is located.

( click to enlarge )

JD Com Inc (NASDAQ: JD) is quickly approaching a breakout if the stock can manage to trade above $31. A strong volume move above that level, could set the stock up to retest its March highs.

( click to enlarge )

Yum China Holdings Inc (NYSE: YUMC) could be starting another rally as there is tremendous support in the stock and some serious buying coming in. The price has been in a bullish flag formation off its sharp rebound rally since the mid-May lows and it is now near the top of the sideways channel in the 46.5 area. A break through that top would lead to a next test of the 48. resistance zone. Among oscillators, the MACD is in buy mode and RSI is at 70 levels indicating strength in the current uptrend. If it breaks 46.6 the stock will absolutely fly into the 48's right away. Keep it on your watch list going forward.

( click to enlarge )

Bilibili Inc (NASDAQ: BILI) could be in the early stages of a technical breakout. Momentum indicators are showing bullish signals supported by rising MACD and RSI on the daily charts. Should breakout hard to upside when it crosses over $16.71 Keep it on your watch list going forward.

( click to enlarge )

Southwestern Energy Company (NYSE: SWN) was added to my watchlist as a possible bottom bounce-play. Nearest resistance for the stock is at $3.20. If this level is crossed and the stock is able to sustain above this level, then it might go to 3.50-3.61. Let's keep an eye on it as i think momentum will pick up. Stop 3.01

( click to enlarge )

AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) has had a rough time over the past sessions, but somebody bought a lot of shares on Friday before the close of the day. A breakout over 70c next week with strong volume would send this flying. I went long last week, I see $1 move coming.

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, AVEO, BILI, INPX, JD, SWN, TNXP, UBER, YUMC

18:15 | Permalink |

AC Investor Blog

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

Thursday, November 28, 2019

Friday's Stocks To Watch - Happy Thanksgiving

Saturday, July 20, 2019

A few chart setups for the coming days and trading rules

Saturday, June 29, 2019

Good Setups to watch next week, including China names

About Me

FREE NEWSLETTER

Support AC

Follow me

Advertising

PREVIOUS POSTS

TRANSLATOR

Site Information

Stock Market Blogroll

Friends BLOGROLL

ARCHIVES