AC Investor Blog

Several potential setups on my watchlist for next week

( click to enlarge )

BlackBerry (NYSE:BB) should continue to build momentum next week after an impressive close on Friday. It has a lot going for it, not to mention known short positions, which could make things very interesting. These short squeezes can and do happen. I'm still a long term investor on this name, in my view, remaining undervalued. Next major resistance lies at 9.69

( click to enlarge )

Oxbridge Re Holdings Ltd (NASDAQ:OXBR) I went long yesterday. This stock briefly hit $1.98 before falling back. I have not given up hope just yet. It has the potential to break higher again, we have seen that. The first attempt was premature, the next one will be more deliberate and potentially stronger. Daily technical indicators are giving favorable signals as the stock trades above all the major EMAs and momentum indicators are also still showing upside potential for further gains. The stock hit a high of $1.98 on Friday, which is resistance for the continuation move. A break of that level would be the impetus for a more explosive move higher targeting the 3.18 area.

( click to enlarge )

Phunware Inc (NASDAQ:PHUN) Friday was an excellent trading day for this stock. The money volume indicates investors are starting to catch onto this stock. When I first alerted the stock to my twitter and stocktwits followers it was trading around 66c. Yesterday it closed above the key resistance level of 75c. If the buying continues this stock could easily see $1 or better next week. Still in play for me.

( click to enlarge )

Aikido Pharma Inc (NASDAQ:AIKI) I remain firmly behind this stock. This stock currently trades around 63c and I have little doubt it rallies to well beyond recent highs at some point. Those accumulating at these levels, honestly in my view, will be sitting on some sizable profits down the road. Daily technical indicators are back in bullish zones. The bulls are gaining control after a sharp correction in August. A continuation of the rally is likely.

( click to enlarge )

TD Holdings Inc (NASDAQ:GLG) MACD, RSI and Slow stochastic are inside their respective extreme oversold zones, though all three have formed rounding bottom patterns on the hourly charts that may lead to an upward bounce in the stock price. Plus, major support has held for 2 days now, any weakness likely to be bought hard. I'm expecting a big bounce next week. China stocks have been very strong recently. They will find this one.

( click to enlarge )

Allied Healthcare Products Inc (NASDAQ:AHPI) has formed an inside bar after the strong bullish candlestick pattern formed on Thursday. An inside bar after a breakout can be treated as a breakout pullback and can be entered with a trend. I could see this stock testing $5.9 again next week if traders continue to pile in. The accumulation line on the chart tells the story much better than I can.

( click to enlarge )

Volume has dissipated and the price per share has stabilized. I think now is the time to be getting into Urban One Inc Class A (NASDAQ:UONE) ahead of any new positive developments. With such a low float, this stock could get explosive down the road. The positive divergence on the CMF indicator is telling us something, it is begging for another explosive move higher. Could history repeat itself? As I always say, history tends to repeat itself. A repeat of history would be $10+ a share.

( click to enlarge )

XpresSpa Group Inc (NASDAQ:XSPA) bounced nicely on Friday after a Doji candle and showed signs of life. This stock is very possibly turning the corner for a move higher of up to 15-20% in the coming days. This stock is a buy as long as it does not take out the 1.34 level on a daily closing basis.

( click to enlarge )

Applied DNA Sciences Inc (NASDAQ:APDN) The accumulation continues. We've all seen how high a stock can go when the entire float is accounted for. Daily technical indicators are back in neutral zones. A continuation of the rally is likely. I think the breakout is still in its very early stages and it will surprise many in the coming days.

( click to enlarge )

TOP Ships (NASDAQ:TOPS) jumped up by 38% and closed at $1.65 with higher volume. Technically, the stock has a strong resistance zone just above the 1.70 area which it is approaching. If the stock crosses this key resistance level, it has potential to fill the gap. Worth watching next week for a breakout.

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, AIKI, APDN, BB, GLG, OXBR, PHUN, TOPS, UONE, XSPA

14:47 | Permalink |

Some stocks of my watchlist for next week

( click to enlarge )

Aptevo Therapeutics Inc (NASDAQ:APVO) We need to be realistic and understand the huge risk of a long position following a massive rally of 266% without significant news that could justify the move. From a technical standpoint, the stock is very overbought which means the risk to go lower is higher than going up. I shorted the stock at $63 yesterday after-hours for the coming week. The stock will fall sooner than later. After all, nothing can go up forever.

( click to enlarge )

Bio-Path Holdings Inc (NASDAQ:BPTH) is also an interesting small bio cap that I like a lot with a very small float and I would not be surprised with a APVO type-move. The recent euphoria on APVO could fuel shares of the small bio caps with a low float. BPTH is not just a low float accumulation play, it has a lot more going for it. The company is currently in an ongoing Phase 2 clinical trial of prexigebersen in combination with decitabine as a treatment for acute myeloid leukemia (AML), and this new patent protects the unique therapy combination and supports our ongoing investment in this program to bring a new treatment option to patients with AML who have limited treatment options. From a technical standpoint, daily MACD has triggered a buy although in negative territory, but everytime MACD Crossed bullish in history it rallied 30-40%. I still feel a push to $4.5 - $5 is entirely possible. This was a $6 stock less than 3 weeks ago and once it starts to squeeze higher there is really no telling exactly where it will go. One thing we do know, shorts need to buy back stock to profit from their bets, which only adds fuel to the fire. Definitely on watch next week. Note: Company will host a live conference call and audio webcast on Friday, November 13, 2020 at 8:30 a.m. ET to report financial results for the third quarter ended September 30, 2020 and to provide a business overview. Im long.

( click to enlarge )

Boxlight Corp (NASDAQ:BOXL) displayed some relative strength on Friday. If it breaks this trendline tomorrow, that would be a long trade with a stop at 1.29

( click to enlarge )

I've covered Arca Biopharma Inc (NASDAQ:ABIO) in the past and it appears the stock is getting attention again. It needs to break through $4.15 to really get going. A break of that figure brings $5.50 into focus. This stock looks like a great bottom type play. The company announced last week some news and a very strong cash position that could mark the turning point after a drop from over $22 a share in May to current levels. I think ABIO will post a nice rally from here and deserves being added to your watchlist.

( click to enlarge )

Universal Security Instruments, Inc. (NYSEAMERICAN:UUU) has just 1.8M shares float, that's the reason i'm holding for next week. The APVO move will scare some shorts here. The stock is in the process of bottoming and I expect a pop above $2.72 at some point in the coming days. Technical indicators are showing signs of turning around with MACD curling up and RSI in oversold levels. On watch.

( click to enlarge )

Globus Maritime Ltd (NASDAQ:GLBS) classic accumulation before a run. I believe that the bullish accumulation witnessed during Friday's session is a prelude to what traders could see next week. As I always say, follow the money, and right now there is some nice money flowing into this stock. The daily indicators are also showing signs of reversal. If it can break through the 7.80 resistance level, the stock should have a nice move on the upside.

( click to enlarge )

Another shipper name showing signs of a bottom. TOP Ships (NASDAQ:TOPS) still needs to take out the EMA20 at $1.08. Although the stock did not perform well this year, we finally start to see some signals of rebound as the daily technical chart shows positive momentum is back. I'd look to the $1.08 level moving as the next buy point. If it passes that, then we have room to run to next resistance at $1.31 then 1.75 (gap zone). Let’s keep an eye on it.

( click to enlarge )

Pixelworks, Inc. (NASDAQ:PXLW) The strong bounce off the $2 level and the very bullish candle looks pretty promising for longs next week. A break of 2.55 would confirm continuation of the up move with a stop loss located at 2.16

( click to enlarge )

Digital Ally, Inc. (NASDAQ:DGLY) Still watching this stock, especially after Friday's action. The 3.19 level needs to be broken as resistance for some momentum to pick up.

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, APVO, BOXL, BPTH, DGLY, GLBS, PXLW, TOPS, UUU

20:24 | Permalink |

Technical Setups to watch next week and my Trading rules

Dearest readers,

I continue to receive many emails from people asking me which books or sites I would recommend to learn about trading. To be transparent and direct, i can't find any book that could help you in this environment of uncertainty. In reality, there is no such thing as a perfect trading model, simply because the market is so dynamic and unpredictable in nowadays. However, I can share with you my trading rules.

First the charts to watch next week, then the rules.

( click to enlarge )

Adamis Pharmaceuticals Corp (NASDAQ:ADMP) finally broke the upper line of the ascending triangle pattern last week on strong volume accumulation. This is a good sign for a continuation of the trend. Overall, it looks bullish. A measured upside technical target after the break of the ascending triangle formation points to around 1.13, but when you combine the trend/momentum with the very strong bullish volume action on the daily chart, a test of the highs of 1.51 should be taking in consideration in the coming sessions. From a technical standpoint, all three major technical indicators are in bullish zones. Upward momentum on MACD looks strong and the RSI is also showing strong upward momentum. Let's keep an eye on it.

( click to enlarge )

Workhorse Group Inc (NASDAQ:WKHS) had a big surge in price and volume in September when stock price doubled in just 3 weeks. The stock has consolidated over the last couple of sessions and yesterday it broke the downtrend line to the upside on volume, so for aggressive traders like me, this can be a buy already. The stock hit a high of $27.11 on Friday, which is resistance for the follow through move. Charts on all time frames are bullish. You should watch this stock closely next week.

( click to enlarge )

Neovasc Inc (NASDAQ:NVCN) could be in the early stages of a technical breakout. Daily momentum indicators are showing bullish signals supported by rising MACD and RSI on the charts. On October 27 the FDA will hold a circulatory system devices panel meeting to review the premarket approval application for NVCN’s Reducer device. That catalyst should push the stock prices up even higher, which could give Neovasc stock the fuel to keep rallying.

( click to enlarge )

Electrameccanica Vehicles Corp (NASDAQ: SOLO) Daily technical chart is showing signs of a possible turn around. In terms of technical indicators, the RSI is starting to rise in the oversold zone while the MACD is crossing above its signal line. Plus, the rising 200-day exponential moving average has held the stock higher since the beginning of September and offers strong downside support. The trend is expected to begin the upwards movements. If the stock can break through $2.7 resistance next week, we should see a strong upside move. SOLO will move very quickly, so watch the stock closely.

( click to enlarge )

Allied Esports Entertainment Inc (NASDAQ:AESE) dropped from over $2.80 a share to $1.2's in a few weeks time. It seems to have found a strong support while money flowing is very positive and rising (smart money). Daily technical indicators are beginning to turn bullish. Let’s see whether the stock can gather enough momentum to break through $1.40 next week. Great bottom play. I took a big position for a bounce.

( click to enlarge )

Cancer Genetics Inc (NASDAQ:CGIX) I remain firmly behind this stock. I think this stock is worth accumulating in anticipation of a big move at some point. A break through this 4.75 area could accelerate it higher.

( click to enlarge )

Genius Brands International Inc (NASDAQ:GNUS) is building a nice base for take off. The area comprehended between $1.45 and $1.5 represents a strong resistance for shares. A close above this key resistance area would have positive implications and could drive the stock much higher. The RSI is gaining momentum and MACD is still showing a positive divergence. Keep the stock on your radar.

( click to enlarge )

TOP Ships (NASDAQ:TOPS) is another penny stock I am watching closely. If it clears resistance at $1.30, the move may be powerful. Let's keep an eye on it as I think momentum will pick up.

( click to enlarge )

I have Professional Diversity Network, Inc. (NASDAQ:IPDN) on my watchlist again. It may be ready to break out of this bottom setup formation. Potential swing long above 1.16 Low float stocks remains very HOT.

( click to enlarge )

Potbelly Sandwich Works (NASDAQ:PBPB) broke out in a big way Friday on decent volume. I think we will see a nice follow through next week. A break of $4.3 with force might give room to 4.63 then 5/5.05 area. MACD triggered a new "Buy Signal" for the first time in weeks.

( click to enlarge )

ReneSola Ltd. (NYSE:SOL) broke out to new highs on high volume. The uptrend remains intact and signals further bullishness on this stock. Daily technical indicators are bullish. Buyable on any pullback to pivot.

Based on my experience over the years, here are some 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 a few cents below the supports and not at the same level (i don't use SLs for low float or penny stocks).
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 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. Being patient is the key to the 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

NOTE: 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 a 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: ADMP, AESE, CGIX, GNUS, IPDN, NVCN, PBPB, SOL, SOLO, TOPS, WKHS

15:37 | Permalink |

Stocks to watch out for next week

( click to enlarge )

Blackberry (NYSE:BB) broke out Friday on decent volume and closed above the declining EMA200 for the first time in weeks. Friday’s high reflects resistance for this next upside move. If the stock can break through resistance, we should see another upside move as traders buy up the stock. Technical indicators are also giving the bullish signs. Next major resistance lies at 5.84. Keep it on your watch list going forward.

( click to enlarge )

Nice retracement to the breakout zone after a huge gap up earlier this month. SilverSun Technologies Inc common stock (NASDAQ:SSNT) is a possible trend reversal trade, if it breaks the 3.58 resistance area. Looking at the 4h chart the near-term outlook is positive. ADX is starting to point up and the RSI is also moving higher, which is a sign of growing strength in the stock. MACD is also giving a positive indication. SSNT will move quickly, so keep it on your screen next week. Im long.

( click to enlarge )

TMBR has reached extreme oversold readings that in combination with other factors (RSI shows positive divergences, Gap to fill, Deutsche Bank Ag and Morgan Stanley have purchased some shares this month Form 13F, etc...), including the investor conference could trigger a sharp bounce. I took a position on Friday.

( click to enlarge )

NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) is screaming for a bounce opportunity and I think we can see some nice moves ahead. Technically the MACD Hist is showing a bullish divergence and the RSI is beginning to curl back up, these are the perfect conditions for a short-term rally.

( click to enlarge )

TOP Ships (NASDAQ:TOPS) Watch the break of this flag for a new leg up targeting the $2 area. Stock has been under accumulation.

( click to enlarge )

Adial Pharmaceuticals Inc (NASDAQ:ADIL) remains oversold and is gaining momentum. I believe it is ready to post a nice bounce and I do not see any strong resistance on the technical chart until 1.92. Daily technical indicators are showing signs of turning around, with the MACD histogram showing the selling momentum started to diminish and the RSI starting to turn up from deep oversold levels. We have all seen how quickly this stock can head higher, when the buyers come. Play the bounce.

( click to enlarge )

VivoPower International (NASDAQ:VVPR) had a remarkable move up on Friday with very high volume. The heavy buying makes this an interesting situation and one worth watching on Monday. I believe we will see some nice follow through and a move to $10 appears likely. Definitely on watch.

( click to enlarge )

ExOne Co (NASDAQ:XONE) had a very bullish move on Friday breaking several resistance lines with large volume. Buyable on a pullback to the pivot.

( click to enlarge )

Marathon Patent Group Inc (NASDAQ:MARA) had a very bullish move yesterday on solid volume. Any break and close above 2.75 would validate this potential trend 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

Labels: ADIL, BB, MARA, NBY, SSNT, TMBR, TOPS, VVPR, XONE

20:15 | Permalink |

11 stock charts to watch next week

( click to enlarge )

Lululemon Athletica (NASDAQ:LULU) jumped $2.97 or 1.56%, on Friday, breaking key resistance at 192 and closing at 193.12. The stock has renewed momentum, which could move it to the 200 area in the next few trading days.

( click to enlarge )

Roku (NASDAQ:ROKU) remains on watch for a quick reversal. It has been holding this range for the last two weeks and I feel the next move will be higher. However, we need a close above $110 on volume to confirm the reversal.

( click to enlarge )

On Wednesday and Thursday I told to my followers to be ready for a reversal for Intec Pharma Ltd (NASDAQ:NTEC). Yesterday, the stock rose more than 21% closing at 85c on heavy volume. We could be looking at just the start of a another big rally for this stock. Congratulations to my followers and everyone making a profit here. I like NTEC for further gains, this is just the beginning IMHO My SL is located at 65c

( click to enlarge )

I used Friday’s pullback on Tocagen Inc (NASDAQ:TOCA) to initiate a strong long position. My rationale is that while it may take some time to recover all the recent loses, in a fastmoving market one is pretty much obligated to anticipate big turns, specially in extreme oversold stocks, like this one. TTNP and ZSAN was a good example on Friday. I opened a long at 67c and im looking for a run to $1

( click to enlarge )

Zosano Pharma Corp (NASDAQ:ZSAN) is a stock I wrote about recently as one to watch for a potential reversal as well as one that has been on my bottom scan. On Friday that reversal came to fruition to the tune of an 26.25% gain for the stock amidst impressive buying pressure.I expect ZSAN to continue to gain investor interest going forward. Keep it on your watch list next week.

( click to enlarge )

Electrameccanica Vehicles Corp (NASDAQ:SOLO) Nice bullish candle on Friday. Previous resistance is now turn into holding support. The stock has had a rough time over the past weeks but the selling pressure seems to have dried up. In my view, the stock has formed a bottom and I expect a move past 1.82 to take the stock towards the target of 2.1 with stop-loss at 1.60. From a technical standpoint, there are some signs of an imminent bounce due to the positive divergences, which often leads to short covering. A big bounce could be brewing.

( click to enlarge )

I also opened a long in Arca Biopharma Inc (NASDAQ:ABIO) at $5.2 on the assumption a lot of bad news is already in the price and that major support has the potential to act as a strong bullish catalyst again. Buying ABIO around 5.2-5.5 has been worked perfectly for me over the last months. Watch for a break out back above the 5.6 level which is Friday's high.

( click to enlarge )

Aileron Therapeutics Inc (NASDAQ:ALRN) Also this daily chart is right near its bottom and I think we could see a strong reversal over the coming days or weeks. Watch it closely.

( click to enlarge )

TOP Ships (NASDAQ:TOPS) Nice runner from the buy list yesterday. After one week of consolidation in the 2.7-2.95 area stock finally broke out and took out its critical level of $3. The break of this key resistance line confirms a short-term trend reversal and the beginning of new momentum, which could move the stock above the $3.35 area.

( click to enlarge )

Mersana Therapeutics Inc (NASDAQ:MRSN) seems to be undervalued at current levels with a good balance sheet after reading the Cantor presentation on Friday. The stock was trading at $6 in May hit $1.48 on Friday, closing at $1.51. I think it could see a sharp reversal in the next few sessions. Remember, these bottom play type small bio stocks could continue to fall, but they could also post sizable relief rallies. The farther the fall the greater the chance for ahuge reversal, especifically stocks trading significantly below cash levels, its been quite a fall for MRSN on no news. Im long and strong here.

( click to enlarge )

I have Apple (NASDAQ:AAPL) on my watchlist. It may be ready to break out of this consolidation. Go long on a close above 228.22

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, ABIO, ALRN, LULU, MRSN, NTEC, ROKU, SOLO, TOCA, TOPS, ZSAN

18:17 | Permalink |

AC Investor Blog

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

Saturday, December 05, 2020

Several potential setups on my watchlist for next week

Saturday, November 07, 2020

Some stocks of my watchlist for next week

Saturday, October 10, 2020

Technical Setups to watch next week and my Trading rules

Saturday, August 29, 2020

Stocks to watch out for next week

Saturday, October 05, 2019

11 stock charts to watch next week

About Me

FREE NEWSLETTER

Support AC

Follow me

Advertising

PREVIOUS POSTS

TRANSLATOR

Site Information

Stock Market Blogroll

Friends BLOGROLL

ARCHIVES