AC Investor Blog

Stocks to Watch for October 28, 2019

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Reebonz Holding Ltd (NASDAQ:RBZ) opened strong at 1.47 and rallied to a day high of 2.40. This mini-explosion was sufficient enough to deliver net realizable intra-day gains of up to 70% and for those of you that made good on RBZ’s gain potential, congratulations. As i tweeted i entered at 1.22 in Thursday's afternoon. Friday’s performance of RBZ was marked by an explosion in volume and bullish investor ensured that no fewer than 14 million in volume. Towards the end of the session things went a little south, but nothing alarming enough for me to worry about. The moderate dip is probably just a few traders taking profits before the weekend like i did. I hope that some, if not all of you, were able to make something of RBZ’s delivery of gains in Friday’s session. The stock hit a high of $2.4, which is resistance for Monday’s move. If the stock can break through this level next week, I expect to see another strong upside move to $2.75 and better.

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Phunware Inc (NASDAQ:PHUN) is starting to heat up and I expect to see it trading above $2 or better very soon. This bottom play has started to bounce nicely off its bottom and the momentum indicators are giving a clear picture of a short-term upward bias. I would not be surprised if it hit $2.4 at some point next week. Let's keep an eye on PHUN as i think momentum will pick up thanks to RBZ momentum. I like this as a sympathy play off Friday's RBZ move.

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Valeritas Holdings Inc (NASDAQ:VLRX) Calling a bottom in this market is always extremely difficult, but in my opinion this technical daily chart is showing some positive momentum divergences. Honestly, the selling pressure seems to be losing momentum and Friday we saw unusual volume one hour before the close. If the stock can hold the support around 1.2-1.25 we may see a bounce to $2 or more very soon. The fact that the company is now trading below cash levels also provides further protection. I bought this stock on Friday. Keep in mind, low float mania is back and I am always eager to find these kind of setups (Solid bottoms with positive divergences) and act on them in these times of euphoria. Long setup on watch.

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SRAX Inc (NASDAQ:SRAX) appears to be poised for a nice bounce off this bottom. In my view, it has formed a bottom in short-term and I expect a move past 2.07 to take the stock towards the target of 2.68 with stop-loss at 1.80 The stock seems to be undervalued at current levels.

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Vipshop Holdings Ltd (NYSE:VIPS) stock continues to act strong setting new highs. Daily technical indicators are looking quite overbought but can stay there for long periods of time. Might pause but looking to add on any dip.

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Overstock (NASDAQ:OSTK) finished the day up 5.51% on solid volume of over 2.8 million of shares exchanging hands on the day. The momentum in the short-term remains bullish, with MACD trending upwards above its signal line. Go long on the break of Friday’s high at 11.47 with a SL at 10.5

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Chimerix Inc (NASDAQ:CMRX) has managed to regain its footing in recent trading with a Doji candlestick on daily, which could mean bears power is slowing down. This may signal a reversal. Bounce time.

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: CMRX, OSTK, PHUN, RBZ, SRAX, VIPS, VLRX

18:01 | Permalink |

Stocks to Watch for March 14, 2016

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First Solar, Inc. (NASDAQ:FSLR) On the daily technical chart the stock continues its up trend, with higher top and higher bottom formation. Recent high volume activity, along with positive crossover of MACD oscillator on the daily charts, suggest fresh buying interest in the stock. The daily RSI is sustaining above the 50% level and supports the bullish argument. Also, the 100-day exponential moving average continues to act as a strong support. So, as long as the stock holds above this key moving average, the trend remains to the upside.

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CombiMatrix Corp (NASDAQ:CBMX) closed on Friday at 5.78, gaining 5.67%. The stock shows signs of bottoming out with the recent up move fromits 52-week low. It has also moved back from oversold zone and maintains bullish bias by holding above short-term moving averages. I continue to see a confluence of "buys", with RSI crossing above 50 and MACD heading up. The company management will participate in one investor conference next week at the 28th Annual ROTH Conference on Wednesday, March 16, 2016. This could be a positive catalyst for shares.

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We finally got the breakout in Automatic Data Processing (NASDAQ:ADP). Shares rallied past resistance near $87 and hit my trigger to open positions. If the near-by support at $86.71 holds up on Monday, a rally up to the $89.5 level is probable or even possible. Only a close below $86 would negate the positive outlook. From a technical standpoint, the stock maintains a bullish bias with its recent run up, backed by the key daily momentum indicators.

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Advanced Micro Devices, Inc. (NASDAQ:AMD) printed a bullish engulfing candlestick pattern on Friday and some volume came in. It looks good to continue higher from here as long as the market is moving with it. The momentum indicators on daily charts suggest signs of up move and the stock is likely to show further advancement on a successful break out of the 2.55 level.

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Vipshop Holdings Ltd - ADR (NYSE:VIPS) is displaying a short upside momentum and is poised to move higher from these levels. Short-term traders could go long once the share price moves above the declining 50-day exponential moving average. Although this trend is encouraging, the medium-term outlook stays cautious till the stock closes conclusively above $13 on heavy volume.

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Alphabet Inc (NASDAQ:GOOG) closed Friday's trading session at 726.82 above the previous high, signifying that a new short term uptrend is in place. Near term support is now located at $720, as long as this level holds, I'd expect the uptrend to continue. Key indicators on daily charts also suggest continuation of the rally, potentially up to the 740 level.

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Facebook Inc (NASDAQ:FB) shows signs of reversal of trend with its recent advancement, however only a strong close above 110.55 would indicate that the stock is ready to move higher. We need to see more volume on the upside.

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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: ADP, AMD, CBMX, FB, FSLR, GOOG, VIPS

18:45 | Permalink |

Some potential bullish setups for next week

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Bitauto Hldg Ltd (NYSE:BITA) finally broke above its 50-day exponential moving average on a closing basis last week for the first time since June, which indicates a shift in the trend on the charts. Go long on the break of Friday’s candle high at 33.14 or wait for a retracement back towards the 31.5 level. RSI and MACD shows strong bullish signal.

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Vipshop Holdings Ltd (NYSE:VIPS) Watch for a possible resistance breakout. The upside momentum could push the stock to 21.5/23 if it breaks and close above the downtrend line. Major momentum indicators are gaining strength, this suggests further upside momentum.

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AK Steel Holding Corporation (NYSE:AKS) finally closed back above the 2.38/2.4 resistance area Friday on decent volume. If momentum continues as I expect next week, I believe we could see a nice rally to 2.89 or 3, the next short-term resistance.

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Jumei International Holding Ltd (NYSE:JMEI) is setting up for a potential breakout above 10.46. This range needs to be broken to signal the next major directional move. Most oscillators momentum indicators are showing strength.

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BlackBerry Ltd (NASDAQ:BBRY) stock formed a bullish candle on Friday which could help lead to further gains in coming sessions. It could be setting up for a new V-bounce as seen in the chart above. Momentum indicators are showing positive signals. Recent high volume accompanied by a positive crossover of Stochastic on the daily charts suggest fresh buying interest in the stock.

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Micron Technology, Inc. (NASDAQ:MU) is a buy based on Friday's bullish move. The stock broke the 20-day EMA and also the resistance of the descending channel. First possible target price for this stock is at $16.92 (50EMA) and have to see from there. Looking at the technical indicators, we have the RSI above the 50% level and the MACD also triggered a new bullish signal. The 200-day EMA is now located at 22.79, which leaves a lot on the table in terms of upside potential. Long setup.

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Chesapeake Energy Corporation (NYSE:CHK) A possible bullish Inverted Head and shoulder's pattern? Although it is not complete at the moment, I think that the stock is currently building the right shoulder of this pattern. If my interpretation of the chart is correct, the neckline is situated at $8.80.

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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

Labels: AKS, BBRY, BITA, CHK, JMEI, MU, VIPS

10:42 | Permalink |

Stocks to keep an eye on May 27, 2015

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Michael Kors Holdings Ltd (NYSE:KORS) I'm seeing on daily technical chart a potential falling wedge pattern with a positive divergence on MACD, and they often break to the upside. A close above 62 should be enough to trigger a rally towards the 65 level. Keep the stock on your radar.

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Telenav Inc (NASDAQ:TNAV) Trying to break resistance again. Worth keeping an eye on, may need to build some energy. Resistance for tomorrow is $9.39, which was today's high then 9.66

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Vipshop Holdings Ltd (NYSE:VIPS) Rallied hard Tuesday on solid volume. If it clears back over 27.02 (50-day EMA), may have some good upside.

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MannKind Corporation (NASDAQ:MNKD) over 4.94 like it to test the 100-day EMA level.

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Galena Biopharma Inc (NASDAQ:GALE) Nice move today on decent volume. Traders should watch for a potential breakout over 1.47

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: GALE, KORS, MNKD, TNAV, VIPS

22:48 | Permalink |

Stocks to keep an eye on February 23, 2015

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Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) The stock price went almost to $5 yesterday and that level was rejected once again, causing a strong pullback in the last trading session of the week. From a technical stanpoint and based on the positive divergences of some momentum indicators, there is a possibility that if tested again we will break through that level and continue higher. However, the stock will most likely get a down tick before it breaks out. If stock price can not hold the 20EMA, then look for a test of the lower line.

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Oncothyreon Inc (NASDAQ:ONTY) The stock seems to have bottomed as it recently bounced off $1.50 level and is starting to rise after breaking above its short-term downtrend line. Given the recent strength in the stock price and the good fundamentals seems to be cheap buy at the current levels. Last week, the company announced that Robert Kirkman is scheduled to present at two upcoming investment conferences. 2015 RBC Capital Markets' Global Healthcare Conference on Tuesday, February 24 and at Cowen and Company 35th Annual Healthcare Conference on Wednesday, March 4. This could be a good catalyst for a bounce. Stay tuned.

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Delta Air Lines, Inc. (NYSE:DAL) has been in a corrective phase since mid-Jan along with the rest of the airline sector, but last week the stock broke the downtrend line and also broke above the 50-day EMA. Technical chart shows possible new rally as %K line has crossed on top over %D line and a positive MACD Cross over has occurred, generating a buy signal. Expect a move to the $50 area in the next days.

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Vipshop Holdings Ltd (NYSE:VIPS) is quietly developing a bull flag formation on daily after massive breakout on Tuesday. Buy point would be on the day it blows through $25.96 on heavy volume.

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Chicago Bridge & Iron Company N.V. (NYSE:CBI) Although the EMAs still show weakness as 50-day EMA is below 200-day EMA positive momentum seems to be back, as the stock is back above 50-day EMA. Plus, the MACD indicator is also back above zero, indicating the stock is back in bull market. Buy point would be on the day it blows through $43.54 on heavy volume.

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Nimble Storage Inc (NYSE:NMBL) had a strong week and broke through its 50 and 100 EMAs. The volume confirmed the breakout as it was greater than average. Look for the stock to test the prior highs of January.

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Tremor Video Inc (NYSE:TRMR) broke the small bull consolidation pattern last week. RSI and CMF returned to the Bullish area. If shares can break the $2.45 mark then bulls should be able to target a move to $2.80. Stay tuned.

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King Digital Entertainment PLC (NYSE:KING) The stock price is expected to regain its demand as the profit taking seems to be over. This company will pay a special dividend of 94c per share to shareholders of record at the close of business on March 4 (6% dividend yield). I think this special fact will attract lot of buyers (including some Hedge funds and big institutions) in the coming sessions. The stock looks pretty healthy, as money flow remains relatively strong.

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: ARNA, CBI, DAL, KING, NMBL, ONTY, TRMR, VIPS

12:14 | Permalink |

Stocks to Watch for September 10, 2014

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LinkedIn Corp (NYSE:LNKD) chart pattern looks to be forming a rising wedge, which is considered to be bearish. Additionally, there are also bearish divergences on the Relative Strength Index, Moving Average Convergence Divergence and in the CMF, probably bound for correct.

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Pandora Media Inc (NYSE:P) failed to break above its 50 & 200-day EMAs on Tuesday's session. The stock shows bearish outlook with its weak structure on daily charts. Momentum indicators are also point to continuation of weakness. The failure to find support at 25.39 is likely to drag the stock further.

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International Business Machines Corp. (NYSE:IBM) indicators are showing some signs of weakness. If it breaks below the 50-day exp moving average at $189.21, the stock could easily plunge right through the $186.5 level.

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Amazon.com, Inc. (NASDAQ:AMZN) broke and closed below the 200-day EMA for the first time in 4 weeks on higher volume. The stock is likely to test immediate support at 320.

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Intel Corporation (NASDAQ:INTC) False breakout on Monday and the stock is now testing the bottom of a potential rising wedge pattern with macd's heading down.

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Vipshop Holdings Ltd - ADR (NYSE:VIPS) closed below its major short-term EMA's with MACD about to cross below zero line for the first time since May. It might retest the 50-day EMA at 203.85

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: AMZN, IBM, INTC, LNKD, P, VIPS

22:34 | Permalink |

Stocks to Watch for Aug 29, 2014

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Bitauto Hldg Ltd (NYSE:BITA) has been pulling back from recent highs in the last sessions. Let's see if the bulls can hold support at the 85 area.

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Vipshop Holdings Ltd (NYSE:VIPS) ended the trading session at 208.96, slipping down by 2.41% with nearly 1 million shares traded. The stock shows flat trend w/ a negative bias by slipping below all short-term EMA's. Key indicators on daily charts suggest continuation of weakness. The stock is likely to test immediate support at 202.

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Endocyte, Inc. (NASDAQ:ECYT) chart is showing a solid bottom formation on daily and the stock looks positioned to break out of this pattern. The volume was high today and I suspect this could be the start of a new rally. Stay tuned.

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CARBO Ceramics Inc. (NYSE:CRR) Potential bottom play. If it clears 111.25 (EMA20) on volume, go long with a stop at 100.

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: BITA, CRR, ECYT, VIPS

22:33 | Permalink |

Stocks to Watch for July 21, 2014

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Infoblox Inc (NYSE:BLOX) formed a Bullish Engulfing candlestick pattern on Friday, which is a bullish candlestick. As I've mentioned on Twitter, call options were very active, particularly the January calls with strike prices significantly above the current market. For the short term the stock should still continue to go up. A close above $12.70 would have positive implications and could push the stock to the 13.47-14 range. With technical indicators showing positive divergences and options traders buying calls, we might see some nice bounces from current level.

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SanDisk Corporation (NASDAQ:SNDK) The post-earnings selloff led to Sandisk stock breaking a three-month uptrend in a day by a good amount of selling. Technicals are indicating bearish trend. We might retest support at 100-day EMA in the next few days.

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Plug Power Inc (NASDAQ:PLUG) surged in the final hour of trading Friday and closed back over $5. The real fireworks should begin if the stock price can close above $5.25. As long as the stock can remain above its 50-day EMA, I like the stock.

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RF Micro Devices, Inc. (NASDAQ:RFMD) broke to a new 52 week high Friday. The volume was what we want to see when a stock breaks resistance. Let the 50-day EMA (yellow line) be your guide.

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Vipshop Holdings Ltd (NYSE:VIPS) The break of the key resistance line with heavy volume should be the next buy point. Daily technical indicators are bullish.

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Shire PLC (NASDAQ:SHPG) remains very strong. She's extended but no one seems to care. I would wait for a little more consolidation before jumping in, but it looks like SHPG is a stock to keep an eye on for awhile. So, I will be watching her carefully for any possible opportunities.

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: BLOX, PLUG, RFMD, SHPG, SNDK, VIPS

16:47 | Permalink |

AC Investor Blog

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

Saturday, October 26, 2019

Stocks to Watch for October 28, 2019

Saturday, March 12, 2016

Stocks to Watch for March 14, 2016

Sunday, October 04, 2015

Some potential bullish setups for next week

Tuesday, May 26, 2015

Stocks to keep an eye on May 27, 2015

Saturday, February 21, 2015

Stocks to keep an eye on February 23, 2015

Tuesday, September 09, 2014

Stocks to Watch for September 10, 2014

Thursday, August 28, 2014

Stocks to Watch for Aug 29, 2014

Sunday, July 20, 2014

Stocks to Watch for July 21, 2014

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