AC Investor Blog

Top 9 stocks on my Watchlist for the coming week

Dearest readers,

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

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Faraday Future (NASDAQ:FFIE) I don't think anyone truly knows where this one is headed after a drop of over 65% last week. Not even those who have heavily shorted this name. All I know is that the hourly chart is indicating a bottom and recent volume and buying action in the last hour seems to support this. The bounce from its lows can be violent and dramatic. I think a quick bounce to $3.2 (Gap zone) or better is in the cards.

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Toughbuilt Industries Inc (TBLT) hit $9.35 on Friday firmly breaking the EMA50 barrier. This is a stock I have covered numerous times last month around $3 calling for a price bounce. We are getting a significant bounce after the stock made a new low of $1.34 only weeks ago. Congratulations to any of you involved in the swing trading session. The stock has now a major resistance at $10

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What does all these notes on the chart mean for Jaguar Health Inc (NASDAQ:JAGX) ? It means it heads higher from here. The Chaikin Money Flow Oscillator is calculated using the Accumulation/Distribution Line and is displaying a positive divergence like in March of this year. The stock in March ran from precisely these levels to $.81 a share. It's hit that price before and it could hit it easily again. History tends to repeat itself and I see it doing so here. Plus, the stock broke the long-term downtrend line. Patience will pay off like in TBLT imho. I'm still long.

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Cyren Ltd (NASDAQ:CYRN) Still watching it. The 20-day exponential moving average needs to be broken as resistance for some momentum to pick up.

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AMTD IDEA Group - ADR (NYSE:AMTD) had a strong bullish candle in the last trading session with high volumes. The next key resistance lies at 2.71. If a breakout happens we can see a target of 3.52. So far, all technical indicators are in favor of an upward price movement. The MACD has generated a buy signal on Friday and is currently above the 0 line. All short-term EMA’s are below the current price. Long setup.

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Vicor Corp (NASDAQ:VICR) broke out on good volume. The stock hit a high of $65.19, which is resistance for the follow through move. You should watch this stock closely on Monday.

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VirnetX Holding Corporation (NYSE:VHC) shares closed higher for the sixth consecutive day on solid volume. The trend continued higher based on the strong technicals. On the daily chart, the RSI is showing overbought levels, suggesting prices could face increasing resistance, so a pullback in the stock should be considered a buying opportunity as it is clearly above its 100-day exponential moving average.

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Brickell Biotech Inc (NASDAQ:BBI) Potential bounce play opportunity. Momentum indicators are still showing positive divergences.

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Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) The monkeypox outbreak has been declared a global health emergency by the World Health Organization. Keep an eye on this small Monkeypox name for a big bounce.

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: AMTD, BBI, CYRN, FFIE, JAGX, TBLT, TNXP, VHC, VICR

19:23 | Permalink |

Trade setups on my watchlist for the upcoming week

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Allied Healthcare Products Inc (NASDAQ:AHPI) this former pick of mine is gaining momentum again and could return to prior levels. As I have said previously, it is my opinion that this stock will trade to $10 and beyond. There is a lot to like about this stock. This company manufactures a variety of respiratory care devices, medical gas construction equipment, and emergency medical products for use in hospitals and home health care. The Company's medical gas equipment products include medical gas system construction products, medical gas system regulation devices, disposable oxygen and specialty gas cylinders, and portable suction equipment. Friday's volume was the highest since the start of the year, closing with a gain of 12%. Combining the recent price action with the spread of Covid again and the recent oxygen shortage in many areas around the globe, this stock could easily break the EMA200 AT 6.52 and run to next major resistance at $9.70 Keep in mind, this company only has 2.8M public shares float and institutions own more than 9.5% AHPI will move quickly, so keep it on your screen on Tuesday.

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Oxbridge Re Holdings Ltd (NASDAQ:OXBR) is gaining some serious momentum again. If volume can pick up I think this stock can break through resistance at $2.8 and re-test its recent highs around $3.50 This is a stock that went from these same levels to $9 a share. Could this be the start of a similar rally? We will soon find out.

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Astrotech Corporation (NASDAQ:ASTC) pulled back on low volume after approaching $2.65 on Thursday amid some market uncertainty. I used the pullback to build a slightly larger long position on the name. I think the current prices offer a great opportunity. Long setup on watch.

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Digital Ally, Inc. (NASDAQ:DGLY) Strong day in down market. Volume trending up while forming an ascending triangle formation. Trading above all key short-term major EMAs - looks to run higher.

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Cyren Ltd (NASDAQ:CYRN) started position, strong on weak tape. Stock broke through that critical 1.16 level Friday on solid volume. The recent uptrend is intact and signals further bullishness on this stock. The stock hit a high of $1.26, which is resistance for Tuesday’s move. If the stock can break through resistance, we should see a strong follow through move. Watch the stock closely next week.

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XL Fleet Corp (NYSE:XL) needs to hold support here to remain constructive for the short term or the dump will continue. If XL can reverse it would set up a nice base formation, but as noted, it needs to hold support first. On watch.

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Kaspien Holdings Inc (NASDAQ:KSPN) Setting up nicely for new highs. Thin name, but with a good looking chart. Breakout watch over $31.77

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Sorrento Therapeutics Inc (NASDAQ:SRNE) broke through a key resistance level on Friday accompanied with high volume, so keep an eye on it to see if Tuesday will confirm the intraday breakout.

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Keep an eye on Kodak (NYSE:KODK) and monitor its volume, MACD and RSI for any potential breakouts. I think this stock could start heading higher again and test recent highs. Watching 8.90 area for a range break.

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VirnetX Holding Corporation (NYSE:VHC) ended Friday's trading session at 5.69, advancing 12% with the stock attracting 20.5 million shares. The stock shows signs of bottoming out with the recent up move from its 4-month low. The stock has also moved back from the oversold zone and closed above all its EMAs. 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 6.59 area. The trend indicator MACD has triggered a fresh buy signal as it curved upward and crossed above its signal line. Long setup on watch for continuation 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: AHPI, ASTC, CYRN, DGLY, KODK, KSPN, OXBR, SRNE, VHC, XL

16:09 | Permalink |

12 Trade Ideas For The Coming Week

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The strong move in Outlook Therapeutics Inc (NASDAQ: OTLK) shares was something that I mentioned on blog and several times on twitter even at a time when everyone had lost hope. A huge congratulations to all those who profited from my alert. It ended the session on Friday at $.2.10, gaining more than 75% for the week. I took profits and will keep it on my watchlist for a possible re-entry.

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Globus Maritime Ltd (NASDAQ: GLBS) jumped 8.91% Friday finishing the session near the highs of the day on high volume, suggesting buyers are stepping in. Key daily indicators on daily charts suggest continuation of positive bias and the stock price is likely to show further up side. If the stock breaks Friday's high, the momentum could move stock to the $4.3 area. NOTE: Firment Shipping Inc Reported 35.6% Stake In Globus Maritime Ltd. THAT'S A HUGE STAKE. Can GLBS repeat 200% rally in 3 days? Volume was strong let’s see if this rally has legs for another huge move.

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vTv Therapeutics Inc (NASDAQ: VTVT) has a chart set to breakout. The real fireworks should begin on the break of $1.67. Keep on watch list. Increased my position on Friday.

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I think Immunic Inc (NASDAQ: IMUX) has bottomed and is looking to make a move back over its EMA50 at $13.35 very soon. A nice bid was present at the end of the session and Friday’s momentum should carry through into next week. The recent positive news leads me to believe that at some point soon this stock will take off again. Still long, u know im a patient investor. NOTE: BioEquity Europe 2019 - Daniel Vitt, Ph.D., Chief Executive Officer and President of Immunic, will present a company overview at 5:15 pm CEST on May 20 at the 20th Annual BioEquity Europe conference, being held at the Crowne Plaza Barcelona Fira Center Hotel in Barcelona, Spain.

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Plug Power Inc (NASDAQ: PLUG) potential breakout trade above 2.6 resistance area.

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Sesen Bio Inc (NASDAQ: SESN) has seen steady accumulation and a nice price increase the last few trading sessions. Add this stock also to your watchlist.

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Still watching shares of Beyond Meat Inc (NASDAQ: BYND) due to the recent price action, volume, and momentum. As long as the stock holds above major support at 85.45 (previous resistance) the short-term uptrend is likely to resume.

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Keep a close eye on Amarin Corporation plc (NASDAQ: AMRN) next week. If it can break out above $18.28 on volume, I think the stock could shoot up to test $20 area. The daily MACD indicator is showing signs of reversal and the high volume is usually an indicative of demand in the background. There looks to be good upside potential, so watch it very closely.

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A large ascending triangle has been forming on the daily chart of VirnetX Holding Corporation (NYSEAMERICAN: VHC) over the past two months. The trend is clearly higher, but the daily MACD is displaying a bearish divergence to price and volume is dropping off. The current pattern has the potential for a large move (ascending triangle is usually considered as a bullish pattern). Let it play out either to the upside or downside, and look for an increase in volume for confirmation. On the other hand, news could also define next trend direction.

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I keep watching Ford Motor Company (NYSE: F) waiting for this stock to break out of its Bullish consolidation. Go long on a close above 10.5

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Jaguar Health Inc (NASDAQ: JAGX) This penny stock had a strong day on Friday and broke through its downtrend line on volume expansion. Watch for trend continuation toward 0.238 zone short-term.

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Arlo Technologies Inc (NYSE: ARLO) is currently testing its declining EMA50 around the 4.36 level. An upside breakout above this level could be the start of a new uptrend for this stock. Im accumulating at current levels.

Note: I will take few days off from May 23th to 26th and back to office on May 27th (Monday)

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: AMRN, ARLO, BYND, F, GLBS, IMUX, JAGX, OTLK, PLUG, SESN, VHC, VTVT

18:02 | Permalink |

Eleven chart setups to watch next week

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Advanced Micro Devices, Inc. (NASDAQ: AMD) which has been building momentum since mid-December, broke out of its bullish flag/consolidation on Friday. A move above 22.22 next week, would confirm the breakout and point next to a target zone of 23.75 to 24.5. Daily technical indicators are looking bullish. MACD is above its signal line, and both are moving up in positive territory. RSI has moved above its 50% level. Remain invested with a stop loss at $19.39

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Overstock (NASDAQ: OSTK) price broke out last week. Friday's heavy volume was what you want to see when a stock confirms the break of the resistance. From a technical standpoint, I believe it is time to be Bullish again on stock. I took profits on Friday around $19 and will wait for a pullback to pivot point to re-enter. Congrats to the followers that followed and cashed in last week’s 21.48%

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Cloud Peak Energy Inc. (NYSE: CLD) is still in my watch list for next week. Still looks strong. Looking at the daily chart above, the technical indicator A/D still shows strong accumulation, while MACD and RSI are rising. This could be the start of a short-term trend reversal for CLD, which is why I'll be watching the stock next week. Resistance is 42c, which was Friday’s high of the day. If the stock breaks through, there is a good chance you will see a strong upside move. Consistent move above this level could trigger further upside momentum re-testing 70c before testing 80c region. Im long. Note: BlackRock increased its stake last week to 10M shares or 15%

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American Electric Technologies, Inc. (NASDAQ: AETI) will be a stock to keep a close eye on the next few days. The stock is trapped between its major moving averages and imply that a breakout of the trapped zone must occur. I expect to see a high volume move once the stock breaks through 94c resistance, as traders are watching this stock closely. The OBV is showing a rising move, indicating a rising money flow into the stock. Keep the stock on your screen because once AETI breaks through resistance, the stock should take off and move quickly. As i tweeted, I added to my portfolio on Friday.

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Trillium Therapeutics Inc (NASDAQ: TRIL) is on the verge of a BIG breakout. The stock ended the day with a strong gain of 18 cents (11%) to $1.76. It pushed higher throughout the day and closed out the session near its highs. This creates a bullish scenario for Monday, one in which the stock opens the day a few ticks higher and then continues its rally. From a technical standpoint, there are some signs of a possible bounce due to the oversold indicators and some positive divergences on daily MACD, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $1.80. This stock runs fast.

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HUYA Inc (NYSE: HUYA) had a very good bullish rally on Friday accompanied with large volume, breaking out of a small consolidation period. Short-term targets are 23.85 and 24.19. The MACD is rising and still in the positive zone. Long setup.

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Qutoutiao Inc (NASDAQ: QTT) strong bullish bar on Friday with a close near the highs of the day. Watch for a follow through day on Monday. Next major resistance lies at 9.78

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Rewalk Robotics Ltd (NASDAQ: RWLK) is threatening to break through the 31c resistance level which would be a very bullish sign. If it breaks, we could see 40c quickly. The stock price has been strong over the past weeks, so watch it closely the next few trading sessions. GREAT ARTICLE to read this weekend: Bill Gates Examines Exosuits at the Wyss Institute at Harvard

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VirnetX Holding Corporation (NYSEAMERICAN: VHC) Looks to have a bull flag pattern on it after a couple of powerful days into it. Next buy point would be on the day the stock blows through $5.4 on heavy volume to test the recent highs. The stock will continue in its bullish movement upward as long as the stock holds and stays above the $5 level.

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NVIDIA Corporation (NASDAQ: NVDA) closed back above the declining EMA50 for the first time since October. Stock is on my watch list for next week. The stock price can potentially set-up well for a swing-trade, if it confirms this breakout.

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JinkoSolar Holding Co., Ltd. (NYSE: JKS) On my swing long list. Strong Breakout. The technical daily above chart is showing buy signal with stock trading above 50-day and 200-day exp moving averages with MACD on top of signal line in positive territory and %K line on top of %D line. Watch for next leg up. Technically, dips should be bought. Long setup.

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: AETI, AMD, CLD, HUYA, JKS, NVDA, OSTK, QTT, RWLK, TRIL, VHC

19:41 | Permalink |

Top Trade Ideas for next week

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Unisys Corporation (NYSE:UIS) broke its major resistance yesterday on heavy volume and continues to work its way higher. From the technical daily chart both KD and MACD are showing bullish sign as KD is rising while MACD is crossing up. Investors should consider buying any pullback moving forward with a stop around its rising 50-DAY ema.

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Twitter Inc (NYSE: TWTR) which has been building momentum since the beginning of June, broke out of its bullish flag/consolidation on Friday. The stock is now positioned for a move to new highs if the broader sector holds up.

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Bilibili Inc (NASDAQ: BILI) bounced nicely yesterday from the bottom of their possible falling wedge pattern. A break and close above the 13.50 level next week could move the stock significantly higher as it attempts to break out of this pattern in place since mid-June highs. On watch.

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ArQule, Inc. (NASDAQ: ARQL) traced out a nice setup and the upside breakout has a lot of power IMHO. Volume surged and this breakout looks like it is here to stay. There looks to be good upside in ARQL, so keep it on your radar the next few days.

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Bridgeline Digital Inc (NASDAQ: BLIN) broke out Friday and traded nearly 3x normal daily volume. The stock has the potential to make a big run on Monday, so keep a close eye on BLIN and don’t miss the trade.

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Co-Diagnostics Inc (NASDAQ: CODX) caught my attention on Friday. The signal to buy was given today when the $4 level was taken out. This breakout suggests a possible move to $4.75 initialy. Long setup on watch.

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Black Box Corporation (NASDAQ: BBOX) has already recouped its recent losses and looks poised to break resistance at $2.30. The near-term outlook stays cautious till the stock closes conclusively above this level. Short-term traders can hold their longs with a stop at $1.8

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Achieve Life Sciences Inc (NASDAQ: ACHV) is back at the bottom area and could provide another great swing trade. I bought shares on Friday. Stop loss is a close below 3.28 and im looking for a move up to 4.2 at least.

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Ekso Bionics Holdings Inc (NASDAQ: EKSO) looks like is close to attempting another breakout. This strength is confirmed by price movement as well as two key momentum indicators. MACD and RSI show buy signal as MACD is above signal line and RSI above its 50% level. I think the market is waiting for fresh news (new contracts with OEMs) to define the trend, however if the stock breaks above $2.2, then that is a bullish sign as higher prices.

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VirnetX Holding Corporation (NYSEAMERICAN: VHC) can pop big time on any positive news. After a big price-volume (V-bounce) surge in May, the stock has consolidated in the last two months in the 3/3.6 trading range, which looks like it's ready to be broken. The consolidation and compression that has been going on in the last weeks is very healthy. The technical daily chart still showing a bullish bias. If a breakout occurs I expect to see the stock in the 4.3/4.5 range short-term.

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: ACHV, ARQL, BBOX, BILI, BLIN, CODX, EKSO, TWTR, UIS, VHC

16:35 | Permalink |

AC Investor Blog

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

Sunday, July 24, 2022

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Saturday, May 18, 2019

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Saturday, January 26, 2019

Eleven chart setups to watch next week

Saturday, July 07, 2018

Top Trade Ideas for next week

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