AC Investor Blog

Trade Setups Ideas for the coming week

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Finally seeing the first signs of potential bottom in Clover Health Investments Corp (CLOV). The has fallen hard over the past several weeks and looks ready for a rebound. CLOV's stock reacted very well again in the 10.5 price level support. Another bullish signal is coming from the MACD which is poised to cross above the signal line and this may spur further buy signals. Investors should consider getting long here. As I tweeted, I took a big position on Friday. Short sellers don't scare me.

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What a rally for Viveve Medical Inc (VIVE) late in the day. I have to believe that this rally will resume in earnest tomorrow. Last week it had a minor pullback to test the support zone (previous resistance) and then closed Friday with a strong move higher in the last hour. Thus, any breakout at Friday's highest high shall attract the buyers to go long on the stock. The price may find its next immediate resistance at the level of 4.40 then 4.83

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Obalon Therapeutics Inc (OBLN) looks to have built a base and wants to make another strong upside move. If the stock can break through $4.50, we should see strong volume drive the stock higher. You need to watch this closely because it could break resistance next week. Key momentum indicators are turning up again.

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New Providence Acquisition Corp Class A (NPA) ended Friday's session at 19.35, gaining more than 2% with +1M shares changing hands. The stock price looks to be on a reversal of its short-term trend supported by a positive MACD cross and directional indicators. On the upside, the next resistance lies at 20.24 I have been buying dips for the last 2 weeks.

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Kaixin Auto Holdings (KXIN) continues to demonstrate a bullish outlook with its strong structure on charts. The daily chart shows that the price has been on deep consolidation. The level of 3.75 has been working as the level of support. The nearest resistance on the daily chart offers enough space for the buyers, which may help the stock have another possible bullish week. Major intraday charts such as the H4 and the H1 are bullish biased. It needs a convincing breakout at $5 levels to see a continuation of the trend. This could be the next China stock to move higher. Definitely on watch.

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GameStop (GME) Shorts be aware, it is getting ready to come out of a nice basing pattern. Trajectories of some key indicators suggest high probability for an immediate sharp up move for the stock. Any close above $43.48 declining EMA20 gets the party started. I took a long position on Friday.

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AMC Entertainment Holdings Inc (AMC) is still holding up well here and the stock has a chance to move higher. I will be watching the stock next week for a continuation move through Friday’s highs of $5.77. A retest of 6.50 seems very likely in the coming days. Looking at the technical chart the MACD has just cut above its signal line and the RSI is abv 50% level while rising. In addition, +DI is above –DI and ADX is beginning to bottom out. Keep this on your watchlist because the overall market sentiment on AMC is beginning to turn bullish again. I love the Amazon buyout rumors.

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Clovis Oncology Inc (CLVS) is looking attractive at current levels. Bottom's in IMO, expecting a spike soon. The stock looks to have hit bottom in the 6.60 levels showing huge bid support. I bought some shares last week.

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Sino-Global Shipping America, Ltd. (SINO) had a significant bullish momentum last week but the stock price is now struggling near the highs. Consistent move above $11 could be the beginning of a new leg up. Immediate support is at 9.79 followed by 9.06

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Westwater Resources Inc (WWR) Rallied hard Friday on heavy volume, breaking out of a descending channel. If it clears back over 8 may have some good 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: AMC, CLOV, CLVS, GME, KXIN, NPA, OBLN, SINO, VIVE, WWR

18:37 | Permalink |

Trade Ideas for Tuesday, 18 February 2020

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Viveve Medical Inc (NASDAQ:VIVE) deserves some eyes tomorrow after the weekend tweet from Michael Coudrey "Investment management firm CRG just thwarted my undisclosed takeover bid of medical devices company $VIVE by purchasing a 67% majority stake as part of a financing deal for the company. Along with a few other firms, they now control 90% of all outstanding share". Tuesday could be a very interesting day for VIVE There are not many shares left to go around now. We've all seen how high a stock can go when the entire float is accounted for. It looks like investors are accumulating at these prices in anticipation of a nice rally in shares. That rally could get going this week. We should find out just how high VIVE will go. Could this be the next TRIL? The chance is there. VIVE is a stock worth watching on Tuesday. Could squeeze over 1.56 EMA50.

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Synlogic Inc (NASDAQ:SYBX) is quickly approaching the apex of a big symmetrical triangle pattern that has been forming for the past few weeks. It is also visible a positive divergence on 4h MACD, which could be an indication of a potential breakout to the upside. It could be time for this $2.4 stock to take off in a big way. Add it to your watchlist.

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Artelo Biosciences Inc (NASDAQ:ARTL) The stock seems to have bottomed out and there are strong possible buy signals that could indicate a reversal. On Friday O'Brien Peter Michael has filed Form SC 13G with SEC, reporting 10.07% Ownership. I think this stock offers a great opportunity and will be gaining momentum soon.

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Genprex Inc (NASDAQ:GNPX) continues to impress me and investors who are short the stock are feeling the pain. Watch the break of this flag formation for further gains. As long as the support holds at 3.8 the newly established upward trend is intact.

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Westwater Resources Inc (NASDAQ:WWR) increased my position last week for this week conference call. Company will provide updates on its graphite, lithium and uranium businesses. As I always say, history tends to repeat itslelf, lets see if we could see another spike to +$9 From a technical standpoint, the stock closed last week above the major downtrend resistance line. I would look for a continuation tomorrow if the stock can break and hold above the 100EMA average. Next resistance in the $3.25 price level.

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Virgin Galactic Holdings Inc Class A (NYSE:SPCE) closed on Friday gaining more than 21% to a new historic mark for stock at $28.68, near the highs of the day at $28.79. The stock has been one of the most amazing runs since December 2019. Looking at the daily chart the investor sentiment in SPCE stock showed by RSI continues strong and MACD still going up. As long as the uptrend line on 30m chart holds, the strong uptrend remains intact. I recommend using tight stops on this stock.

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: ARTL, GNPX, SPCE, SYBX, VIVE, WWR

16:48 | Permalink |

Stocks to Watch for September 23, 2019

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ArQule, Inc. (NASDAQ:ARQL) which has lost more than 30% of its market capitalisation in the last two months, shows signs of reversal of the downtrend. A decisive break and close above 8.5 will confirm the reversal pattern on the charts and take the stock higher to 9.5 or even 9.83

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Shares of ImmunoGen, Inc. (NASDAQ:IMGN) surged more than 5 percent on Friday accompanied by a strong volume expansion. $3.47 is an important resistance that once broken will set off a huge run up in stock, the 1st target would be $4.50 (closing gap).

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Small cap stock traders are always on the look-out for a low float / Reverse split stock that has fallen so far that it is well over due for a bounce. These type of stocks almost always rebound sharply. With just 600K float, I think Viveve Medical (NASDAQ:VIVE) has found support around the $5.8-$6.10 range and looks poised to post a bounce from here. We could see a 30-50% possible bounce up to $7.55 - $8.80 a share if it can get passed the resistance at $6.72. This is a liquid stock with over $300k in daily volume. It 52 week high is over $370 LOL !!! I took a long position on Friday. NOTE: There is a conference on Tuesday, which will be definitely a good catalyst for a bounce.

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Valeritas Holdings Inc (NASDAQ:VLRX) Friday's hammer formation could indicate a possible trend reversal is coming. A breakout above $1.71 would constitute a technical entry for the short term trader looking for a quick trade. Another stock that i bought for the coming week. Company is trading below cash levels and there is an event on Tuesday: Valeritas Announces Presentation of Preclinical h-Patch™ CBD Study at CannMed Conference.

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BridgeBio Pharma Inc (NASDAQ:BBIO) put a nice reversal candle Friday on volume. Watch for continuation over 26.43

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Livongo Health Inc (NASDAQ:LVGO) Possible trend reversal. A high volume move through the 24 price level would be buyable.

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Eros International plc (NYSE:EROS) pulled back strongly on Friday after a strong rally this week. This corrective price action is necessary to alleviate the overbought conditions in order to set the stage for an impulse wave to follow. As long as the support zone holds, the uptrend remains intact.

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ANCHIANO THERAP/S ADR (NASDAQ:ANCN) this low float still on top of my watchlist. It's showing signs of significant share accumulation. I expect the share price to begin its ascent back to recent highs of $2.82 before ultimately breaking and surpassing $3.77

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: ANCN, ARQL, BBIO, EROS, IMGN, LVGO, VIVE, VLRX

20:07 | Permalink |

Some interesting chart setups in the bigcaps and smallcaps to watch next week

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Qutoutiao Inc (NASDAQ: QTT) made a strong upside reversal Friday on solid volume. The daily technical chart above suggests that stock might find now resistance at $4.61. Only a close above this level would suggest further upside. I think this could be the spark of a new bull trend in the making. I'm watching for a follow through move on Monday.

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Aileron Therapeutics Inc (NASDAQ: ALRN) has fallen in a slow steady decline from $1.7 down to 61c with nary a bounce. I think that bounce is coming and it will be impressive to behold. The stock is likely forming a double bottom pattern and it could stage a decent recovery above 75c. There is a big catalyst in September ( ALRN-6924 and IBRANCE), so this could be a good spot to accumulate shares. At extreme oversold conditions and with a positive MACD divergence on daily, i decide to start buying shares on Friday for a possible big bounce from current levels. Risk/reward seems favorable. Short-term target 1-1.1

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Leap Therapeutics Inc (NASDAQ: LPTX) seems to have broken out of a major horizontal resistance that targets a move to 2.5 in the stock. The daily technical indicator MACD shows the stock is still in a positive momentum.

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Precipio Inc (NASDAQ: PRPO) back-tested successfully the breakout point last week and we can now move higher to test Monday's high of 4.39 Still on my top watchlist. I think this stock deserves some watching in the coming days. If the buying continues in earnest things could get very interesting.

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Revolve Group LLC (NYSE: RVLV) After touching a high of $48.36 a few weeks ago, the stock has been in a corrective phase. The stock made a nice move on Friday, breaking a key resistance and looks ready to continue on Monday. Short-term outlook is positive and a move to 40-42 range appears likely.

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Viveve Medical Inc (NASDAQ: VIVE) is forming a bottom or hit bottom Friday and look ready for a rebound. I really like VIVE here at 35c/37c and think based on the recent pennymania momentum that it could do a 50-100% type run from here. I might be a little early with this call, but in the end I think it will be very profitable.

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ShiftPixy Inc (NASDAQ: PIXY) over the last trading days has seen its stock rise from 34c to a high of 65c Friday. Volume has also been on the rise. Chart looks bullish. Keep an eye for a possible breakout over 65c. If you don't have this stock on your watchlist yet, I think now is a good time to add it.

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India Globalization Capital, Inc. (NYSEAMERICAN: IGC) closed higher on Friday as the stock looks to be bouncing off support. The stock hit a high of $1.64 on Friday, which is resistance for Monday’s follow through move. IGC can be a fast moving stock, so keep it on your radar and be ready for this upside move.

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AVEO Pharmaceuticals, Inc. (NASDAQ: AVEO) There is something important to point out in this chart, the volume is daily decreasing which could mean that the current trend will probably not continue and a reversal may be imminent. When company insiders puts hundreds of thousands of their own money into their stock, you have to believe they are doing it for a reason. They purchased a lot of shares at 1.14. This stock tends to make violent moves to the upside at support.

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Northrop Grumman Corporation (NYSE: NOC) is coming up to a big level again. I will be watching this stock closely on Monday as I expect to see a strong move once the stock breaks through resistance. A move past $325.58 would be a strong indicator of a further uptrend in the stock. Technically the stock looks solid trading above all key EMAs. My model is long.

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: ALRN, AVEO, IGC, LPTX, NOC, PIXY, PRPO, QTT, RVLV, VIVE

19:37 | Permalink |

AC Investor Blog

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

Sunday, February 21, 2021

Trade Setups Ideas for the coming week

Monday, February 17, 2020

Trade Ideas for Tuesday, 18 February 2020

Saturday, September 21, 2019

Stocks to Watch for September 23, 2019

Saturday, July 06, 2019

Some interesting chart setups in the bigcaps and smallcaps to watch next week

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