AC Investor Blog

Just a few charts to share this weekend for the coming week

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Scworx Corp (NASDAQ: WORX) has been consolidating nicely since it rose from 1.9 to a high of almost 4.40 on volume accumulation. The stock could be ready for another rally. I think the $4 price point is worth watching from here. I think a break of it would send this stock at least another 50% higher or $6 PT ( this is the measured move target for stock). Technical indicators are turning bullish. Daily MACD has crossed above its signal line in negative zone and RSI is in neutral zone, but showing a bit of upward momentum. Add it to your watchlist.

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Obalon Therapeutics Inc (NASDAQ:OBLN) the daily chart is what has my interest. Such a dramatic fall will almost certainly at some point see a bounce. When it does bounce it should be a violent one and this stock has a history of huge bounces. Let's see what Monday brings.

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Pacific Ethanol Inc (NASDAQ: PEIX) appears to have bottomed. Recent news regarding the ethanol sector as well as some strong insider activity (CEO bought 100K shares last week) could be the impetus for a strong rally in these shares. Keep a close eye on the stock over the next few days for confirmation that a bottom was reached and a rally is underway. There is also a bullish divergence signal of a possible trend reversal, as the daily RSI and the MACD continue to print higher lows, suggesting that the stock may soon change direction.

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Zagg (NASDAQ:ZAGG) pulling back on low volume to support level. Based on the recent takeover rumors, this could be a good entry zone. Stock has been under strong accumulation.

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Fuwei Films (Holdings) Co Ltd (NASDAQ: FFHL) exploded higher on Friday with an impressive earnings report. I expect more gains early followed by some profit taking. Above you can see the 5m chart with support at 5.25 and resistance at 6.75. Trade this stock accordingly.

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Ibio Inc (NYSEAMERICAN:IBIO) continues to be one of my stocks to watch. Keep this one on your watch list. It is ready to post a sizeable gain from Friday's close.

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Silvercorp Metals Inc (NYSEAMERICAN:SVM) had a nice move Friday, as the stock set new 52-week highs. The stock hit a high of $4.01, which is resistance for the follow through move. Charts on all time frames are bullish.

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Diffusion Pharmaceuticals Inc (NASDAQ:DFFN) appears to be poised for a nice bounce off this bottom. From my point of view, the stock has formed a bottom in short-term and I expect a move past 2.39 to take the stock towards the target of 3.2 with stop-loss at 1.90

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Tesla Motors (NASDAQ:TSLA) needs to hold this key support level for some bullish action in the coming days/weeks. Definitely on watch next week.

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Fuel Tech Inc (NASDAQ: FTEK) has been in a major corrective phase in the recent months. The downtrend that commenced in late April appears to have been completed at the latest low of 81c. The MACD on the daily chart is starting to give a new buy signal and the share price could move to the short-term target of $1.17-$1.2. This view would be valid as long as the stock holds above 81c. Place a stop-loss at this level for long 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

Labels: DFFN, FFHL, FTEK, IBIO, OBLN, PEIX, SVM, TSLA, WORX, ZAGG

14:25 | Permalink |

Several technical chart setups to follow next week

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Happy weekend, readers and traders,

After a great vacation in Sierra Nevada (Spain), time to get back to reality. What a year it has been so far! Im keeping the momentum going. Congrats again to everyone that raked in those huge quadruple digit gains on BPTH (as u know i tweeted my entry before the crowd at 2.25 on 28th of February (Over 1,000+%). Im moving on immediately to another potential multiple digit winner TOUGHBUILT INDU/SH (NASDAQ: TBLT). Currently trading in the $1.6 range, this ticker looks prepared for a potential huge momentum rush. Based on the chart pattern and recent news, i don’t see it staying under two dollar for too long. The stock is expected to continue its rally after it broke the Falling Wedge pattern to the upside and also broke the $1.5 resistance area. On top of that, the MACD is also showing a bullish divergence plus a possible bullish cross. This indicator reveals the market's underlying strength. If it can push above $1.69 convincingly next week, it could be off to the races. Strong resistance levels to watch 2.75 and 3.50 Im long.

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Blackberry (NYSE: BB) showed buying strength all day on Friday. The stock price is on the verge of breaking out and it could happen very soon. The volume dramatically increased as the stock ran to near its major resistance, showing us there are buyers watching the stock. If it breaks 9.25 the stock will absolutely fly into the 10's right away.

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Nio Inc - ADR (NYSE: NIO) is showing signs of a potential short-term reversal trend. Looking for a breakout above 7.2

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Gevo Inc (NASDAQ: GEVO) performed well Friday, closing up 7.66% on volume and I expect to see a continuation move next week. First resistance is now located at $2.6, which reflects Friday's high. Once the stock breaks resistance, I expect to see the buyer push the stock higher. The daily technical indicators are reversing up and are advocating for a technical rebound. Long setup.

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Kadmon Holdings Inc (NYSE: KDMN) nice bounce off 100-day EMA within a well formed bull flag. The stock price continues to trade above its key short-term EMAs. Keep an eye for a possible breakout over 2.89

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Alliqua Biomedical Inc (NASDAQ: ALQA) broke key resistance Friday on volume, which should be the start of another potential upside move. Immediate resistance is $3.65, which reflects Friday’s high of the day. Long setup on watch.

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Ra Pharmaceuticals Inc (NASDAQ: RARX) closed strong on Friday, as the stock ended the day at highs. The technical daily chart shows a continuation of the trend with MACD and RSI in the Bullish areas. This stock is on the top of my watch list due to the recent price action, volume and momentum. Technically, a buy on any dip.

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Amicus Therapeutics, Inc. (NASDAQ: FOLD) The chart pattern is compressed and this stock is coiling up for a larger move. Long setup on watch.

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Tesla Motors (NASDAQ: TSLA) Still watching it, especially after Friday's action. The MACD-histogram has been sloping up and the RSI is rising, indicating bullishness. Watching over $287 for a trade.

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Exelon (NYSE: EXC) Nice consolidaiton. The chart is showing a slightly bullish bias. Let’s see whether the stock price can gather enough momentum to break through 49. Long setup on watch.

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Bio-Path Holdings Inc (NASDAQ: BPTH) no position, just sharing the 15-minutes chart just for your consideration. The euphoria has gone away so 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

Labels: ALQA, BB, BPTH, EXC, FOLD, GEVO, KDMN, NIO, RARX, TBLT, TSLA

20:14 | Permalink |

Technical Setups for the Week of September 17, 2018

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Nio Inc - ADR (NYSE: NIO) China's NIO, one of the many electric-car startups looking to become the next Tesla couldn't have wished for a better time to have such a fantastic start. The stock closed the week with a gain of nearly 55% since the first day of trading. The stock pulled back around 15% on Friday, however it's still trading heavy volume and is dificult to predict the next direction in the short-term. Above you can see the 15m chart with the technical pivot points. If the $9 level holds on we can see a huge rally to the next possible demand zone. So, lets wait and see what the stock does in the coming days.

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Tilray Inc (NASDAQ: TLRY) also continued its heavy action last week. The question will remain can it continues to perform? The stock found strong support near its trend-line on the hourly chart as it should have, and thus, this is clear an encouraging sign for a rebound from these levels, so play carefully with stops under it.

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Tesla Inc (NASDAQ: TSLA) is in breakout mode after working its way off its 4-month lows, and I expect continuation of the current trend in the coming days. MACD is also supporting up trend movement. Positive signals from RSI as well. Next resistance area is the 310-315 range, which is also my first trading target.

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Onconova Therapeutics Inc (NASDAQ: ONTX) a stock I brought you this past weekend is just starting to move off its bottom. It jumped 7.91% Friday on volume triple than the average, crossing the 100-day exponential moving average and breaking key resistance at $.50. These signs show high probability for continuation of current momentum. My short-term target range for ONTX is between $.60 and $.63 (As i tweeted, I went long at 48c)

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My Size Inc (NASDAQ: MYSZ) My bottom scans, specifically on small caps are not a perfect science but usually works. What they do offer are small cap stocks that potentially are poised to rally off their lows. As you know, some of them continue to fall even in extreme oversold conditions, while others can and have rallied sharply the next days. MYSZ was a good example, it did not rally the day after it came up on my scan (July 24th on a blog post), but it did offer those who didnt know about the company a chance to look at the stock chart and see if they want to trade it for a recovery rally. Those that did in July are up some 80% :) Patience paid off.

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Fortress Biotech (NASDAQ: FBIO) Is this a double bottom? That is the risk, it could fall further, but the positive divergences in the key technical indicators are suggesting a short covering rally at any time. I wouldn't be surprised if this stock popped 15-20% in one session soon. Note: Big boys purchased a lot of shares in August (including Morgan Stanley, DB, Goldman Sachs and JPM). I went long on Friday.

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GreenTree Hospitality Group Ltd - ADR (NYSE: GHG) may be starting to turn higher. Yesterday, we had strong buying volume and the stock looks poised to break out of its three month slump. In addition, it broke the short-term downtrend channel. We could see a sharp rally out of these oversold conditions.

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Ceridian HCM Holding Inc (NYSE: CDAY) caught my eye on Friday due to its bullish posture without looking overbough. The stock may be close to breaking to new highs again. Volume is starting to pick up and there could be a decent short squeeze if it clears June highs.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) appears to be setting up for higher highs on hourly within a large ascending channel. It remains on watch for further gains.

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Sierra Oncology Inc (NASDAQ: SRRA) was over $3.6 in June and closed Friday at $1.79. The stock is back at the bottom area and could provide another great swing trade. I bought shares last week. A break and close above the 1.85 level next week could move the stock significantly higher as it attempts to break out of this bottom pattern in place since mid-August. 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

Labels: AMD, CDAY, FBIO, GHG, MYSZ, NIO, ONTX, SRRA, TLRY, TSLA

17:29 | Permalink |

Stocks to watch next week

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The strong move in Cronos Group Inc (NASDAQ: CRON) shares was something that I tweeted on Friday morning. If you were following my twitter account you would have gotten the tweet when the stock was trading at 9.5. It ended the day at $9.94, gaining nearly 17%. If you jumped in and booked your profits, congratulations (nice scalp). The power of Friday's move suggests an upward breakout that could impulse this stock to test the $11 area. Stop 8.86

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Overstock (NASDAQ: OSTK) Some positive divergences on daily charts. We might have seen the bottom. A close above 31.50 could spark another round of momentum buying.

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A great chart since the beginning of June. Interpace Diagnostics Group Inc (NASDAQ: IDXG) was on my bottom scan around 85c and hit a high of $1.39 Friday. A good example of why bottom plays can be lucrative if you buy in at the right time. At this point, the current move should face resistance at 1.8

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Marathon Patent Group Inc (NASDAQ: MARA) There is a possible double-bottom on the daily charts. If the 82c level continues to hold as support, a retracement rally back towards 1.1 looks achievable.

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Seven Stars Cloud Group Inc (NASDAQ: SSC) made a strong upside reversal last week and based on the accumulation days looks like it wants to make a run to new 52-week highs. Watch the stock closely next week, and once it breaks through $5.75, get ready to enter the trade. The technical chart above shows a continuation of the uptrend. MACD and RSI are bullish, although RSI suggests an over-bought condition. SSC can be a volatile stock, so be careful with your share size.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) is one of the hottest stocks of Nasdaq right now. It has been on a non-stop rally and the chart suggests a strong confidence in stock, no resistances above. From a technical standpoint, any pullback should be bought.

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Tesla Inc (NASDAQ: TSLA) The company's stock has recovered nicely from recent lows of roughly $288.2 and is now consolidating the recent gains below its EMA50. Interesting to see that the accumulation/distribution line continues to rise, which means the stock has been under accumulation and is a warning of an upward break out. Ignore the noise and be focused on the chart.

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Biocept Inc (NASDAQ: BIOC) has been beaten down since mid-July, but at this moment it seems pretty clear that buyers have been waiting in the 2.9-3.4 range. It looks like it is starting to turn back up and some key indicators are giving the first bullish signs. The stock has the following important levels. Resistance at $3.6 and support at $2.86

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BlackBerry Ltd (NYSE: BB) is a good momentum stock, and looks like it wants to make a big move soon. The stock broke a key resistance level on a volume expansion. Watching for a close above $10.64

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Arcadia Biosciences Inc (NASDAQ: RKDA) had a nice surge a few days ago and has been in the process of consolidating. It is displaying upside momentum again and is poised to move higher from these levels. Nearest resistance for the stock is at $6.68. If this level is crossed and the stock is able to sustain above this level, then it might go to $8.43. The stock is currently in a new uptrend and I feel it could easily make a strong move to the upside.

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: AMD, BB, BIOC, CRON, IDXG, MARA, OSTK, RKDA, SSC, TSLA

13:46 | Permalink |

My Watchlist for Wednesday, October 4

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I have been following Tesla (NASDAQ:TSLA) stock for a few days now and surprisingly it showed some strength today. A break of $352.84 with force might give room to $370

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Notice that ContraVir Pharmaceuticals Inc (NASDAQ:CTRV) is beginning to make a strong move higher and looks like it is gonna squeeze some shorts here. The stock closed above the EMA50 for the first time in months on heavy volume. Nearest resistance for the stock is at 66c. If this level is crossed and the stock price is able to sustain above this level, then it might go to 89c.

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Old alert. Marinus Pharmaceuticals Inc (NASDAQ:MRNS) continues to show some nice strength. The stock hit a high of $6.89, which is resistance for the follow through move. You should watch this stock closely on Wednesday. Stop rising EMA9.

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I strongly believe that Inpixon (NASDAQ:INPX) is at the perfect price, where positive news could send this AI play on a big run. Volume is starting to pick up again and there could be a decent bounce if it clears the EMA200 at 0.322. Small caps are HOT.

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Medgenics Inc (NASDAQ:GNMX) is approaching a breakout point at the 1.39 level. A move above this key resistance level would break the stock out of a base pattern that it has been in for the past 5 weeks.

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CombiMatrix Corp (NASDAQ:CBMX) Watch this bull consolidation. Keep an eye for a possible breakout over 7.95.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: CBMX, CTRV, GNMX, INPX, MRNS, TSLA

21:46 | Permalink |

8 stocks to watch this week

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Tesla Inc (NASDAQ:TSLA) remains one of the hottest stocks on the market and could be ready to breakout of this sideways pattern. Price should become explosive if this daily chart pattern is broken to the upside with volume. Shorts continue to be on the wrong side of the trend.

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Is FORM Holdings Corp. (NASDAQ:FH) on your Radar ? It better be. Insiders have been buying shares at an accelerated place. They bought more than 155000 shares in the last two weeks. The frequency and quantity of the insider activity is a very important indicator of insider sentiment. From a technical standpoint, the stock is reversing off recent lows and is seeing strong buying volume. It broke out of the descending channel and I think it could be in the early stages of a rally that will bring the stock back over $2.25 a share and ultimately $2.60+. FH has an explosive chart in progress. Im long.

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China Auto Logistics Inc (NASDAQ:CALI) has been pulling back after a strong rally early in April. As you can see from the technical daily chart above, in this corrective phase the stock has found strong support around the 2.25-2.30 level on multiple occasions. At this point, traders could expect a strong bounce and a potential breakout of the downtrend line. MACD is curling up and the accumulation remains high.

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Cleveland BioLabs, Inc. (NASDAQ:CBLI) seems to be a promising stock to follow. As I mentioned on Twitter last week, the stock has been developing an interesting pattern accompanied by an increase in the volume. Daily momentum continues to show strength on the daily chart, with RSI above 50 line and MACD in positive territory and above its signal line. Based on this, I believe we could see further gains that could push the stock towards $5. CBLI is a fast moving stock, so you need to watch it closely next week.

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Marvell Technology Group Ltd. (NASDAQ:MRVL) surged 4.31% Friday on one of the heaviest volume sessions this year, with 20 million shares traded. The stock closed slightly below the high of the day, which now represents the next resistance for the follow through move on Tuesday. If a breakout above this level occurs, we could see a continuation of current momentum. After strong gains, the risk of profit taking is high, so play with tight stops.

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Rentech, Inc. (NASDAQ:RTK) showed strength all day on Friday and price broke the descending triangle chart pattern to the upside on volume. The stock is in the process of bottoming and I expect a pop above $.60 at some point in the coming days. Momentum indicators are looking bullish with RSI inching away above the middle level and MACD rising. This momentum could push this stock much higher from here, so keep the stock on your radar for Tuesday’s trading day as there is good upside potential in this move. Short-term levels to watch 56c and 68c.

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Infinera Corp. (NASDAQ:INFN) printed a strong bullish candle on Friday, showing huge buying pressure and the stock looks to be on the cusp of a breakout to the upside. Some technical indicators are turning up here. Further strength above $10.52 opens the door to +$11. Put her on your radar.

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Ocular Therapeutix Inc (NASDAQ:OCUL) On Friday jumped 73 cents, or 7%, on volume and broke definitely out of the pennant formation which the stock has consolidated over last sessions. Watch for continuation.

I would like to take this opportunity to thank all of you for your support, retweets and mentions. Im about to hit 50000 followers on Stock Twists and 25000 on Twitter and that makes me very happy. Unfortunately I cant answer everyone in real-time. The best way to get in contact with me is through my email address here at the blog. Thank you very much.

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: CALI, CBLI, FH, INFN, MRVL, OCUL, RTK, TSLA

21:05 | Permalink |

AC Investor Blog

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

Saturday, August 24, 2019

Just a few charts to share this weekend for the coming week

Saturday, March 09, 2019

Several technical chart setups to follow next week

Saturday, September 15, 2018

Technical Setups for the Week of September 17, 2018

Saturday, August 25, 2018

Stocks to watch next week

Tuesday, October 03, 2017

My Watchlist for Wednesday, October 4

Monday, May 29, 2017

8 stocks to watch this week

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