AC Investor Blog

Stocks to watch on the first week of June

Dearest readers,

The past week was a crazy week. On Tuesday I was surprised by the suspension of my Twitter account due to an error from my side. I accidentally reported my own account when I was trying to report another imposter. Unfortunately I continue to be a victim of these scam artists, who continue to create fake twitter accounts pretending to be me in order to scam my twitter followers. I will NEVER ask you for money or send private messages. Unfortunately i cant control this situation. Special thanks to Twitter support for the immediate resolution and all of you for the motivation and messages of support.

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This was a stock I alerted to my Twitter and Stocktwits followers at 14 just a few days ago. Last week the stock hit a high of $36.72 before pulling back to 26. There's a high risk we could see more profit-taking ahead. On the chart above, I'm looking at two potential zones of support for trend-followers to watch in the stock. The bull trend will likely not resume unless price can hold these support zones. The stock is still in a ST uptrend and pullbacks are part of the process.

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OLB Group Inc (NASDAQ:OLB) has seen its volume and interest increasing the last few days. The stock is lining up for another serious bull run and it has the potential to become one of the most explosive breakout play opportunities for next week due to its low float. On Friday it had a great move on the upside and closed abv the EMA100 and 200 for the first time in weeks. With continued buying pressure I am looking for this stock to hit and pass its $6 price level very soon. The MACD and ADX are on 'BUY' triggers.

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Evofem Biosciences Inc (NASDAQ:EVFM) was on my list a few days ago, and has been slowly trying to make a move up. Volume starts to pick up again. This penny stock could make a huge move to the upside. Keep it on your watch list. A break of 87c with force might give the stock room to +$1.2

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Highcape Capital Acquisition Corp (NASDAQ:CAPA) Daily chart is showing signs of a possible turn around. In terms of technical indicators, the daily RSI is starting to rise in the oversold zone while the MACD is rising above its signal line. The trend is expected to begin the upwards movements. Nearest resistance for the stock is at $10.85. If this level is crossed and the stock price is able to sustain above this level, then it might go to $13

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AMBEV (NYSE:ABEV) broke out to new highs Friday and traded nearly 2x normal daily volume. The stock has the potential to make a big run next week. Buyable on any pullback to pivot.

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Second Sight Medical Products Inc (NASDAQ:EYES) was another winner for my twitter followers on Friday (alerted at 5.44) Should breakout hard to upside when it crosses over $6.24 EMA50

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Applied DNA Sciences Inc (NASDAQ:APDN) is one for the bottom pickers. The stock appears to be poised for a nice bounce off this bottom. In my view, the stock has formed a bottom in the short-term and I expect a move past 6.50 to take the stock towards the target of 8 with a stop-loss at 4.95. The stock seems to be undervalued at current levels IMO

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Sundial Growers Inc (NASDAQ:SNDL) needs to take out $1.04 The break of the key resistance line with heavy volume should be the next buy point. Daily technical indicators are looking bullish. The MACD is rising above its signal line and the RSI has moved above its 60% level. Plus, the volume is trending upward over the past couple days. If 1.04 gets breached, SNDL can rise to 1.50

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T2 Biosystems Inc (NASDAQ:TTOO) displayed relative strength on Friday closing above its 50-day exponential moving average for the first time since March. If the stock price remains above this level, investors will assess this development as a sign of strength. From the technical analysis perspective, the short-term outlook for the stock is relatively bullish. RSI, MACD and ADX charts are flashing bullish signals. Immediate short-term resistance for the stock is at 1.53

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Urban One Inc Class D (NASDAQ:UONEK) is getting ready to come out of a large consolidation pattern. A close above $5 gets the party started.

TRADE IDEAS PLATFORM: I encourage everyone to take advantage of this opportunity to trade like a Pro. The Memorial Holiday Weekend sale started Friday and runs through June 1st. Click HERE and use the CODE: MEMORIAL25 for 25% off the first month or year of any subscription or upgrade. The code expires midnight June 1st.

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: ABEV, AMC, APDN, CAPA, EVFM, EYES, OLB, SNDL, TTOO, UONEK

19:23 | Permalink |

Coronavirus plays and other stocks on my watchlist for the coming week

Dearest followers,

I will start the post by suggesting everyone to be responsible and stay at home. We are living difficult times due to the COVID-19 pandemie but right now we have to rediscover the value of being together. Staying at home or social distancing is the best way to stop the virus spreading effectively.

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Inovio Pharmaceuticals Inc (NASDAQ:INO) hit some scanners yesterday with some impressive volume and closed up 11.25%. Are more gains in store next week? From a technical standpoint, the stock on the hourly time frame has been consolidating above the hourly EMA200 for the next break higher. $7.85 is the recent high that needs to be broken with conviction (price/volume). After that break $11.93 will come in short order. Long setup on watch.

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SuperCom Ltd. Ordinary Shares (NASDAQ:SPCB) I purchased a large position on this small cap after the announcement of CEO that will buy up to 6M of shares and he said the current price does not reflect the value. "I believe the SPCB current stock price levels do not reflect the high intrinsic value of the company. This program provides me the ability to opportunistically acquire SuperCom shares and underscores my ongoing belief in the Company," commented Mr. Arie Trabelsi , President and CEO of SuperCom". Plus, the recent news makes me more interested: The company has won a new project with a California Central Valley county to provide employment and anger management services, valued at up to $3.8 million and they plan to leverage its proven, robust and scalable people tracking technology to aid in fighting the spread of the the coronavirus (COVID-19). Supercom is offering a new solution for quarantine and isolation monitoring to assist governments as they strive to contain and limit the reach of infectious diseases such as the coronavirus. I took advantage of the bad market on Friday to increase my position. 30m chart shows an increase in buying pressure (Accumulation).

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Myomo Inc (NYSEAMERICAN:MYO) continues to gain momentum. The stock has been on a nice uptrend recently and could be ready to breakout after decent volume in the last two trading sessions. I wouldn't be surprised to see this stock trade back to $5 or better in the short term.

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Document Security Systems, Inc. (NYSEAMERICAN:DSS) this stock deserves your attention next week. This company signed a letter of intent to acquire a coronavirus biotech last week (Impact Biomedical). Impact has a number of healthcare products in development including Equivir product which has been shown in studies to be effective as an antiviral against a broad range of viruses including in vitro efficacy against multiple strains of Influenza (H1N1, H3N2, H5N1, H7N9, Influenza B, Parainfluenza 3), Human Rhinovirus-14, Human Coronavirus-A, and Ebola. Equivir’s abilities to inhibit viruses via multiple targets have prompted further studies to test Equivir as a potential treatment of COVID-19. Looking at the hourly time frame, the stock looks right on the verge of a breakout. A decisive move above 21c has a measured move target of 26/27c initially, and any breakout should see price quickly move into the $.50s.

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OPKO Health (NASDAQ:OPK) I started buying this coronavirus play on Friday not because of the chart but due to its recent news and insider activity. At some point this stock will come on the radar of fund managers again. Might bounce here.

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Oragenics Inc (NYSEAMERICAN:OGEN) could be in the early stages of a technical breakout. The stock finally closed above the upper line of the falling wedge on the 4h chart for the first time since peak at 0.879. I will be watching very closely for news. The stock looks like it wants to run.

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T2 Biosystems Inc (NASDAQ:TTOO) The stock pulled back yesterday after a pretty significant breakout on Thursday. I like the idea of getting long here with a stop right below 32c. Company announced last week that it was awarded an Innovative Technology contract from Vizient, Inc., the largest member-driven health care performance improvement company in the country, covering its T2Dx Instrument, as well as the T2Bacteria and T2Candida Panels, that detect sepsis-causing bacterial and fungal pathogens directly from whole blood. Plus, company still tweeting that T2Bio’s Panels enable rapid ID of sepsis-causing secondary infections, providing ID in 3-5 hrs. direct from whole blood, enabling Drs. to target therapy for patients with co-infections associated with COVID-19. Still in play for me.

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China Pharma Holdings, Inc.(NYSEAMERICAN:CPHI) One of the best setups out there. I love to play falling wedge patterns. A breakout in the direction of the previous trend confirms the continuation patterns. This stock is breaking out again of a falling wedge which is generally a bullish signal. Definitely on watch next week.

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: CPHI, DSS, INO, MYO, OGEN, OPK, SPCB, TTOO

13:39 | Permalink |

A Few Names on My Watchlist for the coming week

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Inovio Pharmaceuticals Inc (NASDAQ:INO) stock is up almost 230% from late February. As I always say, follow the money and the money looks to be flowing into this one. I signaled a buy alert on the breakout. INO’s move has been parabolic and is currently very overbought in all time-frames. A healthy correction or sideways consolidation may be coming to provide an opportunity to work off this strong rise and pullback to immediate support 12.79 EMA9 on hourly chart. As long as the stock stays above the $10 mark on a close basis, the intermediate uptrend by the stock is likely to remain intact.

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T2 Biosystems Inc (NASDAQ:TTOO) Thursday's tweet about Coronavirus (CLICK HERE TO READ) was the first issued by the company. As I have told my followers, I think TTOO is a penny stock that is just getting started. While it can take days or even weeks for these stocks to get going, when they do there is literally no telling how far they can go. We had several examples in the past days. The recent surge on the volume is telling us something, someone is accumulating a lot of shares before the big rally IMHO If the company releases a press release regarding Covid-19, the stock could spike to $1.5 a share, nearly triple its current level.

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Cocrystal Pharma Inc (NASDAQ:COCP) Add this stock to your watchlist following the news that the company has immediately initiated Coronavirus program. Watch the break of resistance at 1.63 for a possible run to $2.5+

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Castor Maritime Inc (NASDAQ:CTRM) released their financial results for the three months and Year Ended December 31, 2019 last week showing an impressive net cash from operating activities of $1.3 million as compared to $0.1 million in the corresponding period of 2018, which represents an increase of $1.2 million, or 1200%. The stock spiked to more than $2.5 right after the company reported its surprise upbeat earnings, but it has been pulling back due the current market enviroment closing on Friday at 83c. With an outstanding share count of only 3.32 million but the with the float of just 1.8 million shares we could see another big push to the upside to adjust this surprise earnings beat. Stock is forming a nice falling wedge on the 30m chart while MACD is starting to curl up. Add this stock to your watchlist.

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Globus Maritime Ltd (NASDAQ:GLBS) A drop from over $1.2 to a close of 45c on Friday. I think a bounce is almost inevitable at this point, and it will be a very sharp one. Add this stock to your watchlist.

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Tocagen Inc (NASDAQ:TOCA) broke out in impressive fashion on Friday closing above the declining EMA200 for the first time in months. I think we will see some nice follow through tomorrow. Next major resistance lies at 4.45

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NanoViricides Inc (NYSEAMERICAN:NNVC) is a risky play that seems to fit the description of some of these coronavirus stocks that have run. In order to suggest that the short-term trend has changed course, the stock needs to close above this horizontal resistance line, which currently resides at $12.90

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Myomo Inc (NYSEAMERICAN:MYO) looks poised for a break to the upside. Daily MACD is curling up and Slow Stochs crossover and upward turnaround. This is one of those stocks that could rise $1 - $2 in a hurry if buying pressure comes in.

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: COCP, CTRM, GLBS, INO, MYO, NNVC, TOCA, TTOO

10:58 | Permalink |

Several trade ideas for the coming week

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Remember some of you might be long Chimerix Inc (NASDAQ:CMRX) from my comments back on October 26th in my last weekend newsletter. At the time I stated that stock had formed a Doji candlestick on daily, which could mean bears power is slowing down and a signal a reversal. If you bought, congrats you are doing well, currently it's trying to take out the next major resistance level at 1.62

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BIOLINERX LTD/S ADR (NASDAQ:BLRX) volume was sharp yesterday and we could be looking at the beginning of the next rally. Company will present next week two posters at the Society for Immunotherapy of Cancer (SITC). Let's see what next week brings. Im long and will add more on the break of its declining 100-day EMA at 2.92

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Xunlei Ltd (NASDAQ:XNET) this is a stock that is still flying under the radar of so many traders. Looking at the hourly chart, the uptrend remains intact and with continued buying pressure I am looking for this stock to hit and pass its recent high at 6.83 If you are long, play it with a tight stop. The rising hourly EMA20 has been a good support zone.

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Arcadia Biosciences Inc (NASDAQ:RKDA) I suggest you keep this stock on your radar. The accumulation/distribution line remains elevated in the midst of the price decline, showing that buyers are still active. At some point I think it will post an impressive rally IMHO. Note:Earnings after market close on November 6. On watch.

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Navidea Biopharmaceuticals Inc (NYSEAMERICAN:NAVB) could be at the beginning stages of a bounce. One that could ultimately take this stock back over $1.10 and beyond. I took a long position on Friday for a swing trade.

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Skyline Champion Corp (NYSE:SKY) had a strong bounce off the rising 100-day EMA on Friday accompanied by a nice pickup in volume. From a technical standpoint, daily technical indicators are back in bullish zones. The MACD is rising and in the positive territory. RSI is above its 50% level and the stock is back above all five EMAs. Watch this bullish consolidation for the next directional clue. Long setup on watch.

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Amneal Pharmaceuticals Inc (NYSE:AMRX) Strong move yesterday on solid volume. Traders should watch for a potential breakout over 3.48 The daily MACD is positive and above its rising signal line. A breakout above this key resistance could take the stock much higher as the daily technical chart shows little resistance. Long setup on watch.

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T2 Biosystems Inc (NASDAQ:TTOO) continued to show strength with another gain. Friday's rally put shares above the upper line of the triangle (resistance zone), which is a bullish sign. The technical daily chart looks bullish with a short-term target of $3.21 SL 2.19 rising EMA100

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Apollo Global Management Inc Class A (NYSE:APO) broke out in impressive fashion yesterday. I think we will see some nice follow through on Monday.

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Apple (NASDAQ:AAPL) hit a new high yesterday and continues to draw interest. I would keep a close eye on this stock going forward. Any pullback to the 9-day EMA offers a low risk entry opportunity for these types of trending stocks.

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Valeritas Holdings Inc (NASDAQ:VLRX) is starting to work its way through some heavy resistance. I would not be surprised if this stock finally gives investors what they have been waiting for. Company had great news recently. I still accumulating shares at current levels.

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Eltek Ltd. (NASDAQ:ELTK) another low float play basing nicely. On my fireworks list.

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, AMRX, APO, BLRX, CMRX, ELTK, NAVB, RKDA, SKY, TTOO, VLRX, XNET

14:29 | Permalink |

Technical chart setups to follow next week

Dearest Readers/followers :)

I'm back from vacations and ready to start sharing more free trade ideas using different time frames. Im thinking in start blogging again on a daily basis starting in September, but i need to garanteee first, time for my family. As you know, i grew fast on social media, so it's not easy to manage the time to be able to reply everbody in real-time. Many people dont understand this fact, but as always, i will try to do my best.

Small-capitalization stocks continue to provide great trade opportunities, so i will be playing here as long as the momentum is in our favor (Please note: i dont trade OTC stocks). As you know, small-cap stocks generally provide the best returns for day traders, but we need to be aware of the risks. There could be liquidity problems if someone is trying to take a big position in a small stock, so if your account is small, please diversify in order to avoid been stuck in just one stock and use tight stops. Small cap companies can be a good opportunity because of the cheap share price, but we need to have rules to trade them.

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Grupo Financiero Galicia (NASDAQ:GGAL) is testing again the top of the sideways channel that it has been in for the past month. This channel has been a consolidation of the huge rebound it had in late June. Keep an eye out for a break of 39.22

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Cemtrex Inc (NASDAQ: CETX) this remains a low floater stock to watch. The volume is starting to come back and with it some positive price movement. The real fireworks should begin if price can break/close above the $1.75 area. CETX was a stock that ran from these current prices to over $4.5 a share not long ago. Could it happen again? We will soon find out. The daily MACD line is starting to curl upward, which should eventually lead to price increases. Company announced recently that has a backlog of $50M. If you don't have this stock on your watchlist, now is the time to add it.

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McDonald's (NYSE: MCD) hit a new high on Friday and continues to draw interest. I would keep a close eye on this stock going forward, buyable on any pullback to pivot.

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Celldex Therapeutics, Inc. (NASDAQ: CLDX) This $2 stock is one of the most undervalued small bio cap stocks out there IMHO with nearly $6 per share in cash, and I believe down the road it could be trading better than $2 a share. The stock price is showing signs of a bounce and next level of resistance according to this daily technical chart above is at 2.25. The Daily MACD is also showing a bullish cross, indicating that this push higher may be the start of something much bigger to come. You need to watch this closely because it could break resistance.

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The strong move in Arcadia Biosciences Inc (NASDAQ: RKDA) shares was something that I tweeted Friday in pre-market before the crowd as a potential 100% mover. If you were following my twitter account you would have gotten the tweet when the stock was trading around 2.75 If you jumped in and booked your profits, congratulations. I sold all my old position, however it seems that we could see more gains going forward. Next major resistance is located at 4.99 (EMA200), which is a big area that the stock needs to break.

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Jaguar Health Inc (NASDAQ: JAGX) This $1.56 stock was trading over $17 (RS effect) a share less than two months ago. I think a "dead cat" bounce is in the cards. This isn't a stock you want to be holding onto too long, but the chart itself is looks ready for a reversal. There could be a decent rally for these shares, if they do indeed bounce. From a technical standpoint, MACD is displaying a positive divergence while ADX is starting to turn higher and has crossed above 20 to signal the start of a new trend. Im long.

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Rewalk Robotics Ltd (NASDAQ: RWLK) I initiated a long position on Friday. Notice how the daily MACD is starting to curl up (positive divergence), the grey histogram bars are starting to turn back to zero, showing that the recent downtrend is changing in the opposite direction. Plus, the stock has reached a major support level, where it bottomed out several timers before.

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aTyr Pharma Inc (NASDAQ: LIFE) is a stock I think deserves some watching over the coming sessions for a potential short-term reversal. The stock at $3.11 is a few ticks off its all-time low. I think it will at least get a dead cat type bounce, if not something slightly more sustainable. With nearly $12 per share in cash, and a Bullish MACD crossover on daily chart a big bounce is more than likely at current levels. Im long.

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T2 Biosystems Inc (NASDAQ: TTOO) ended Friday's trading session at 94c, advancing 30% with the stock attracting 4.1 million shares. The stock shows signs of bottoming out with the recent up move from its 52-week low. The stock has also moved back from oversold zone and closed above its 9EMA for the first time since mid-July. There is a high probability for a trend continuation in the next sessions, as the stock could test the next key resistance level in the 1.07 area.

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Realogy Holdings Corp (NYSE: RLGY) posted a very strong bullish reversal candle on high volume and could signal a reversal of the price decline. Watch for continuation. Next pivot point lies at 6.22

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: CETX, CLDX, GGAL, JAGX, LIFE, MCD, RKDA, RLGY, RWLK, TTOO

15:42 | Permalink |

AC Investor Blog

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

Sunday, May 30, 2021

Stocks to watch on the first week of June

Saturday, March 21, 2020

Coronavirus plays and other stocks on my watchlist for the coming week

Sunday, March 08, 2020

A Few Names on My Watchlist for the coming week

Saturday, November 02, 2019

Several trade ideas for the coming week

Saturday, August 10, 2019

Technical chart setups to follow next week

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