AC Investor Blog

Swing trade ideas for the short week ahead

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Myovant Sciences Ltd (NYSE:MYOV) is getting again some buying and looks poised to post some big gains if the buying volume persists. A break above $14.60 with conviction (volume) and the next target is $17

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OpGen Inc (NASDAQ:OPGN) broke out of its down trend with an impressive showing on Friday. This could be the start of a new trend. Long setup on watch.

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China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) has been in a slow steady tailspin for the last few months. Last week, the stock briefly hit 78c marking a fresh low for the year. It quickly bounced back on volume and we could have seen the lows for this stock over the short-term. I took a long position on Friday, expecting a strong bounce in the coming week to test initially the 1.3 resistance area. Yesterday was a great step in that direction. At current levels, and based on the long-term chart above the risk/reward seems favorable. Plus, some China names have been hot lately.

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Zafgen Inc (NASDAQ:ZFGN) some many remember how I had MRSN constantly on my watch lists and Twiiter posts. It took MRSN several days to start to move after I brought it to my Twitter followers. The same will be said for ZFGN. Recent price action for ZFGN seems to be similar to MRSN. For the first time in months, the stock closed above the declining 50-day EMA on volume and above the key resistance of 80c. I think $1.06 is doable short-term PT with similar buying, or an even better price depending on the action. Im long on the name.

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Unum Therapeutics Inc (NASDAQ:UMRX) continues to sell-off in impressive fashion. The time might be coming for a big bounce. A bounce that could send this stock back over 90c IMHO There is a big event in December 5th (Piper Jaffray 31st Annual Healthcare Conference, New York). Plus, the stock is extremelly oversold which could be another good reason for a sharp bounce. I took a long position on Friday.

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Conatus Pharmaceuticals Inc (NASDAQ:CNAT) Another interesting chart for penny lovers. Lets see if we can get a move back over $.36 The +DI line is crossing the ADX and this is a great sign for buyers coming into the stock again.This $.35 stock looks poised for a 20-30% short-term breakout.

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Akerna Corp (NASDAQ:KERN) soared 35% on Friday closing at $7.24 after hitting $7.70 and I brought it to the attention of my twitter followers at $5 on Wednesday. Congratulations to all who took a chance on this stock. Watch the 7.70 level for continuation.

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Valeritas Holdings Inc (NASDAQ:VLRX) this could be the next stock runner. At $1.50 this looks a lot like CMRX and it has the potential to pull a similar move. Squeeze over 1.57

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Cancer Genetics Inc (NASDAQ:CGIX) This is a stock that came up on one of my bottom scans. Stock moved nicely on Friday, as traders continued to eye a potential breakout in the name. Watch the break of this downtrend line for a run to test the recent highs.

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Clovis Oncology Inc (NASDAQ:CLVS) had another great trading session on Friday and this stock could continue to impress. Still on my watchlist.

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: CGIX, CIFS, CLVS, CNAT, KERN, MYOV, OPGN, UMRX, VLRX, ZFGN

18:28 | Permalink |

Swing Trading ideas for the upcoming week

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Shares of ZOOM (NASDAQ:ZM) are starting to heat up again and are worth watching next week. If volume can pick up, I think this stock can break through resistance at $71.1 (Friday's high) and re-test its daily EMA100 in the coming sessions. You should watch this stock closely on Monday.

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ADT Corp (NYSE:ADT) is a stock to watch closely on Monday. It continues to perform strongly and appears poised to breakout to new highs after a nice consolidation. Keep an eye on it for a possible breakout over 8.47

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CEI hit $1.80 yesterday and is worthy of a little attention. In all honesty, I dont like this stock, but it could see some more buying next week, so I'll have to put my own feelings aside. Technical's are looking up as we see only minor resistance at 1.80. Once it breaks this pivot level we can see it hit the higher levels in minutes. CEI is a trade for next week.

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OpGen Inc (NASDAQ:OPGN) is one for the bottom pickers. Nice bullish hammer candlestick printed on the daily chart, so in my humble opinion it could be a good entry point to start a long position. In addition, the stock remains in very oversold conditions.

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Valeritas Holdings Inc (NASDAQ:VLRX) showed more signs of strength on Friday's session, as the stock closed up 13 cents on the day. The stock has strong resistance around $1.61, and breaking above could take the stock to $2.34 in a very short time frame.

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Veritone Inc (NASDAQ:VERI) Upside volume is picking up and a bottom pattern is taking shape. The daily technical indicators are looking better for the stock with MACD flashing a buy signal, %K line on top of %D line and RSI indicator moving up. Keep an eye for a possible breakout over $2.88 NOTE: Director purchased more than 133k shares last week.

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I still holding Obalon Therapeutics Inc (NASDAQ:OBLN) patiently for higher expected levels ahead. The stock remains in a short up trend. Further rise to test 2.10 resistance is still possible, and a break of 1.8 will confirm such case. CEO is buying a lot of shares at current levels. They must know something positive about the company. Keep it on watch. Im accumulating.

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Scworx Corp (NASDAQ:WORX) the action for this stock was a little suspect on Friday after the company reported a strong revenue increase in the 3Q 2019. I was expecting a strong gain, but i forgot that many small cap stock investors do not like to hold these names into the weekend. The trading was likely old shareholders liquidating without knowing the true value of the report. I still like WORX for more gains.

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Globus Maritime Ltd (NASDAQ:GLBS) printed a nice doji candlestick on Friday's trading, which indicates a potential reversal. I believe there is a high probability of seeing a meaningful bounce in the stock in coming days as the stock seems to be forming a double bottom. There is a gap to be filled over 2.20

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FuelCell Energy Inc (NASDAQ:FCEL) After making a move from 39 cents to $1 the stock has pulled back and consolidated. It needs to work out the overbought condition to start a new rally. The stock withstood a sell off (Typical profit taking) after hitting recent highs and has been trading in a tight range ever since. Volume has been dwindling compared to the volume we saw at the start of this rally in early November. The risk is also there for a decline back to prior levels, but for now from a bullish perspective the chart look compelling. As long as the stock holds the 72c level, the uptrend remains intact.

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: ADT, CEI, FCEL, OBLN, OPGN, VERI, VLRX, WORX, ZM

19:30 | 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 |

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 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 |

A few stocks on my top watchlist for short term swings

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Eros International plc (NYSE: EROS) has been consolidating in the 1.6-1.85 area. A move above 1.88 would indicate a break out of the flag, with the potential to reach 2.6, my initial target, and then $3 Stop loss 1.59 Note: Earnings on Monday.

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Akerna Corp (NASDAQ: KERN) I think this stock will post a sharp rally from current levels. This was a $72 stock in June and at $14, in my opinion, there is a compelling risk/reward scenario. The risk is the stock continues to fall but the drop is very limit at this point IMHO, the reward is a swift 50-100% type move for this highly oversold stock. The daily chart above does not lie. When a positive divergence in the market occurs, the oscillator is rising but the stock isn't, then this is an indicator that a change in trend is imminent. That trend change for KERN is just getting under way. Im long.

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Valeritas Holdings Inc (NASDAQ: VLRX) The dip on Friday to $2.85 might have been an amazing opportunity for investors to snag a few shares. If recent history for VLRX is any indication of what the future holds, than expect another swift move to the upside next week.

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Sequential Brands Group Inc (NASDAQ: SQBG) has broken out in a big way. This stock could see 75c in swift fashion next week. The volume on Friday has been nothing short of remarkable. Long setup on watch.

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India Globalization Capital, Inc. (NYSEAMERICAN: IGC) has been under slow and steady accumulation over the last several trading sessions. The stock appears to have solid footing in the $1.5's and looks ready to test the $2's. Breakout watch over 1.7

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Phunware Inc (NASDAQ: PHUN) is on bottom and volume watch. Last week this tock saw strong volume and a modest increase in its share price. The line is drawn in the sand here. It will either bounce big or the flame will slowly die out. Keep it on your radar Monday morning. RSI is displaying a positive divergence.

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Workhorse Group Inc (NASDAQ: WKHS) surged to new highs last week amidst a flurry of buying. This stock, once a forgotten a penny stock, has amassed an impressive investor following. The buzz continues to grow in WS with each new high. It is a stock to watch for the foreseeable future. The bias remains to the upside.

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Uxin Ltd (NASDAQ:UXIN) came under some serious buying pressure on Friday and posted a gain of 15%. Considering the money flowing into the stock it doesn't look like this run is just a one day pump. More likely UXIN will hold above EMA50 for some time. Its only a matter of how high it will go. Long setup on watch.

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ShiftPixy Inc (NASDAQ: PIXY) was another high money volume stock on Friday. Keep it on your watch 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: EROS, IGC, KERN, PHUN, PIXY, SQBG, UXIN, VLRX, WKHS

18:55 | Permalink |

AC Investor Blog

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

Saturday, November 23, 2019

Swing trade ideas for the short week ahead

Saturday, November 16, 2019

Swing Trading ideas for the upcoming week

Saturday, November 02, 2019

Several trade ideas for the coming week

Saturday, October 26, 2019

Stocks to Watch for October 28, 2019

Saturday, September 21, 2019

Stocks to Watch for September 23, 2019

Saturday, July 13, 2019

A few stocks on my top watchlist for short term swings

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