AC Investor Blog

Trading Setups for the Coming Week

( click to enlarge )

Aethlon Medical, Inc. (NASDAQ:AEMD) at $1.47 a share looks to be putting in a bottom. It has been floating around this range for several trading sessions and I think the stock could see a sharp move higher from here. The daily indicators are beginning to turn bullish again. The MACD is still negative, but has crossed above its signal line. Both the RSI and slow stochastic are in their bullish zones. Chart is also showing signs of significant share accumulation. I expect the share price to begin its ascent back to recent highs of 1.81 before ultimately breaking and surpassing $2 NOTE: Institutions have been increasing positions.

( click to enlarge )

I have already outlined the many reasons why I like Verastem Inc (NASDAQ:VSTM) in my twitter posts. At $1.86 this stock, in my view, offers a tremendous opportunity to profit in the short-term. What do the technical indicators say? The daily MACD is above the signal line in negative territory, but is rising. The RSI has climbed back above the 40% level and Slow Sto remains in neutral zone. The bottom looks to be in and the risk of more bloodshed is a lot lower than it was weeks, or even days ago. Im still long.

( click to enlarge )

People can say what they want about Aikido Pharma Inc (NASDAQ:AIKI) and its past, but what matters is what is happening right now. Honestly, and based on the recent news the company is turning the corner and the stock is starting to reflect that (large base formation). At some point the investment community will catch onto this, until then I think AIKI is a true bargain. Its a Coronavirus play "Licensing Agreement with University of Maryland for Antiviral Compounds, Including COVID-19". It has been rangebound between 64c and 82c for almost six weeks. The last decline did not test the lower end of this range, creating a higher bottom. I would not be surprised to see this range to be broken soon and the stock make new swing highs. Im long.

( click to enlarge )

CleanSpark Inc (NASDAQ:CLSK) has the perfect set up to make another big run after a nice pullback. The break out point would be at 2.18. From a technical standpoint, the stock is trading above the major Hourly EMAs with all moving averages pointing upwards. In addition, the hourly MACD indicator is curling up also indicating a buy. The stock is in the process of bottoming. At some point it will explode to the upside. Let's keep an eye on her.

( click to enlarge )

Arcadia Biosciences Inc (NASDAQ:RKDA) has made a higher high at $5.32 and now has pulled back to its previous breakout level around 3.40. This key price zone has provided multiple support levels and is now showing signs of reversal. With continued buying pressure I am looking for this stock to hit and pass its $4 area next week.

( click to enlarge )

Virgin Galactic (NYSE:SPCE) had a great day on Friday. If the stock can break out above 17.74 with heavy volume, I think the stock could shoot up to test 21 level. There looks to be good upside potential, so watch the stock very closely on Monday.

( click to enlarge )

Digital Ally, Inc. (NASDAQ:DGLY) also had a very strong day on Friday, breaking out above the $1 level on heavy volume. As long as it can hold this level, it looks good. Technicals are showing bullish signals supported by positive MACD and A/D indicators.

( click to enlarge )

There is a potential breakout scenario developing on the daily chart of Qualcomm (NASDAQ:QCOM). Buy signal: When stock breaks $82

( click to enlarge )

Elastic NV (NYSE:ESTC) Flagging nicely here. A breakout above $87.16 would constitute a technical entry for the short term trader looking for a quick trade. Daily technical indicators are in bullish zones. The stock price has been consolidating sideways within a rectangle pattern between 76 and 87 for the past 5 trading sessions. Rectangles, in this particular cases "bull flag" are usually continuation patterns, with price target implications. An expected upward breakout can take the stock to a target of 98. Since the stock is trading in a clear bull market (above all major EMAs), one can use the consolidation to accumulate with a stop-loss at 75.78

( click to enlarge )

Turkcell (NYSE:TKC) coming back for another test of resistance. Long over $5.20

( click to enlarge )

WWE (NYSE:WWE) appears to be forming an inverted head and shoulders pattern. The neckline is around $47 and if the daily candle gets a close above the neckline then the chart pattern is valid. Long setup on watch.

( click to enlarge )

FireEye, Inc.(NASDAQ:FEYE) Traders continued buying up this stock as it surged again on Friday this time to the tune of 4.48% on solid volume closing above its 100-day exp moving average. Daily technical indicators are in bullish zones. MACD is rising above its signal line in positive zone and RSI has climbed past their respective 50% level. Slow stochastic has entered its overbought zone. The stock warrants some attention next week.

( click to enlarge )

Blackberry (NYSE:BB) is one of my favorite long term plays and the technicals are setting up in favor of the bulls. The stock is now approaching a key medium-term resistance zone around 4.80 ( 100-day EMA). A move above this technical level is likely to spark a short-covering rally towards $5.20 BB is also heavy shorted which only means one thing, squeeze. Keep an eye on BB, near breakout levels.

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: AEMD, AIKI, BB, CLSK, DGLY, ESTC, FEYE, QCOM, RKDA, SPCE, TKC, VSTM, WWE

19:09 | Permalink |

Top Twelve trading ideas for the coming week - A BIG THANK YOU to all of you 85000 followers on Stocktwits

Dearest Readers,

I would like to thank you for your cooperation and support during the last few weeks, with a high increase of followers on the blog and a great increase in the number of followers on twitter that has almost reached 50,000 followers. As some of you may have noticed, last week I hit 85,000 followers on Stocktwits which was a huge achievement for me. A BIG THANK YOU to all of you.

( click to enlarge )

The hourly chart of Creative Realities Inc (NASDAQ:CREX) broke out of a bull flag pattern to the upside Friday on solid volume, which is very bullish. Technical indicators are still looking bullish. Hourly MACD is positive and rising above its signal line. RSI has moved above its 50% level after a healthy correction. Watch for a good follow through day on Monday. Any breakout above the 2.94 level on closing basis may take the stock close to 3.5 and beyond that the 4 area. Stop 2.25

( click to enlarge )

On the daily chart, Boeing (NYSE:BA) has been forming a descending triangle, which in most cases results in a price breakdown. The nearest level of resistance lies at the upper boundary of the triangle now located at $143. If the bulls break up the triangle on solid volume, will invalidate the descending triangle pattern and indicates to the investors that the stock is ready to head higher. On the flip side, the major support lies at the lower boundary of the triangle located around the $120 area. Key momentum indicators are inside their respective oversold zones. Daily MACD is rising above its signal line in negative territory and the daily RSI is trading slightly below the 50 level. If we would like to see a positive breakout, we would need the daily RSI to rise above the 50 level and continue higher. Definitely on watch next week.

( click to enlarge )

CHEK remains on my top penny watchlist. I have been accumulating this stock over the past days like i did with MARK in March. Looking at the chart, the accumulation is impressive and this, in my view, bodes well for the stock. In addition, the direct offering reported on Friday 12% above the Friday's close, reinforced my conviction that institutions have been massively buying this stock at current levels. These are facts, not speculation. I play what i see, not what is written on the stars. From a technical standpoint, daily technical indicators have formed bullish rounding bottom patterns inside their respective oversold zones. Plus, the strong volumes and sharp volatility in the past few trading sessions indicate uncertainty by investors, which often precedes a trend change. Im looking for an initial run to 63c then $1 is a possibility. Im still long.

( click to enlarge )

If Verastem Inc (NASDAQ:VSTM) can break out above $2.04 with heavy volume, I think the stock could shoot up to test the $3 area. There looks to be good upside potential, so watch the stock very closely next week. Still on my top watchlist.

( click to enlarge )

SAFE T GRP LTD/S ADR (NASDAQ:SFET) looks about ready to pop here! The stock is picking up momentum and could make a good upside very soon. The trend indicator daily MACD has triggered a fresh buy signal as it curved upward and crossed above its signal line. OBV continues to make higher highs and indicates that there is solid buying of the stock on positive days. The price needs to break Friday's high of $1.33 to expect a strong rally at this point. This stock has a history of big rallies, so I took a strong position on Friday for a possible new rally to +$2

( click to enlarge )

Co-Diagnostics Inc (NASDAQ:CODX) jumped 5% on Friday finishing the session near the highs of the day on high volume, suggesting buyers are stepping in. The move puts this stock in high probability of a breakout above key resistance in the $15.7 area. If the stock breaks and closes above the neckline of this inverted Head and Shoulders pattern there's a good opportunity to go long and follow the uptrend. Long setup on watch.

( click to enlarge )

Remark Holdings Inc (NASDAQ:MARK) With a run of over 400% since March lows (i started accumulating and alerted this stock in late March), it makes sense that we look at the current valuation of the stock for signs of a possible pullback, and Friday's candle is telling us something. The stock seems to have formed a possible Spinning Top candlestick chart pattern. This is a type of formation that occurs when buyers and sellers balance each other out, resulting in similar opening and closing price levels. On the other hand, the daily RSI is also showing lower highs as shown by the trendline. This could be an additional confirmation, that the current trend might reverses here or at least pulls back a little bit before the uptrend continues. I know that Bulls will not agree with me, but it is what it is and a pullback could be perfectly normal. Note: Currently i don't own any shares, i sold all my position with more than 100% gains.

( click to enlarge )

I have been watching IMAC Holdings Inc (NASDAQ:IMAC) over the past few days, waiting for a possible upside move. The stock seems to have found a strong support at present levels. The daily technical indicators are improving significantly. The RSI has moved above the 50% level and MACD signal line crossed over to the upside. IMAC could have good upside potential, so watch the stock closely.

( click to enlarge )

TrovaGene Inc (NASDAQ:CRDF) Thin name but with an interesting chart pattern. We can see that the stock has continued to move sideways and has established somewhat of an ascending triangle formation as it continues to consolidate. The Hourly MACD is starting to curl and showed relative strength on Friday. Breakout watch over 1.29 (Short-term target 1.7)

( click to enlarge )

Milestone Pharmaceuticals Inc (NASDAQ:MIST) After a nice pullback to back-test the breakout area, it looks to me like this may have a move next week. Considering the strong momentum on Friday, the stock looks set to break higher and rise above its declining hourly EMA200.

( click to enlarge )

Microbot Medical Inc (NASDAQ:MBOT) I'm accumulating long positions again in the range of 6.9-7.25 levels for an immediate target of $9+ levels. With the stock price showing signs of bounce back, I believe that a short covering rally may be near. Watching action closely up here.

( click to enlarge )

Yield10 Bioscience Inc (NASDAQ:YTEN) Keep a close eye on this one next week. The stock price is showing signs of a bounce and next level of resistance according to this daily technical chart above is at 5.75 With good trading volume, the stock could be poised to trade higher to test its next level of resistence around 7.15

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: BA, CHEK, CODX, CRDF, CREX, IMAC, MARK, MBOT, MIST, SFET, VSTM, YTEN

16:14 | Permalink |

Hot stocks to watch next week and a few small caps to keep an eye on

( click to enlarge )

iQIYI, Inc (NASDAQ: IQ) remains one of the hottest stocks on the market right now. It has been in a nice uptrend for the last four weeks and it looks very strong with all major short-term EMAs going up. IQ is very overbought, so this means a possible correction is near and this may give us a chance to jump in on the stock when it moves lower. IQ is a stock to keep an eye on for awhile.

( click to enlarge )

HUYA Inc (NYSE: HUYA) is another IPO play overextended and vulnerable to a correction after a period of remarkable gains.

( click to enlarge )

Kadmon Holdings Inc (NYSE: KDMN) looks to be setting up for an upside move, as the stock has held up well the past few days. KDMN is in the top of a short-term trading range. Resistance is $3.96. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. On watch.

( click to enlarge )

TapImmune Inc. common stock (NASDAQ: TPIV) is very bullish with a lot of hot indicators showing up. The slope of the upward move is very steep accompanied by increasing volume. Breakout watch over 10.91

( click to enlarge )

After a big breakout on heavy volume Carver Bancorp Inc (NASDAQ: CARV) has pulled back to support near $5 and should set up for its next upside move. The stock will face short to medium term resistance at $6.2. Once this level is crossed with good volumes, the stock can go to $8. Im accumulating at current levels.

( click to enlarge )

Evofem Biosciences Inc (NASDAQ: EVFM) From a technical standpoint, there are some signs of a possible bounce here due to the oversold indicators and some positive divergences, which often leads to short covering. Let’s see whether the stock can gather enough momentum to break through $3.85 next week. Current price levels are a bargain compares to where this stock can trade going forward IMHO. Financial Institutions own a lot of shares (86% of float).

( click to enlarge )

I continue to watch VirnetX Holding Corporation (NYSEAMERICAN: VHC) because the volume is still large so it could potentially break out again at any moment. The resistance level for the stock is $3.6 ( 200-day exponential moving average ), but don’t be surprised to see some additional resistance at $3.8, which was the major support in March.

( click to enlarge )

Verastem Inc (NASDAQ: VSTM) broke out Friday and I am looking for a continuation move on Monday. Heavy volume came in as VSTM broke through its resistance level of $6.43. From the technical chart it looks like the stock is ready for another rally as %K line is on top of %D line indicating buy signal. Keep it on watch.

( click to enlarge )

This IPO play could start to heat up the next few weeks. The daily chart shows a stock that is looking to rally with $5.4 as the next logical price point. Tight stops should be used.

( click to enlarge )

Twitter Inc (NYSE: TWTR) posted a 52-week high on Friday but failed to close higher. I think the stock needs to digest the recent gains and work out the overbought condition with a correction or consolidation.

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: CARV, EVFM, HUYA, IQ, KDMN, OSS, TPIV, TWTR, VHC, VSTM

08:38 | Permalink |

My Watchlist for Monday, Sept 11

Hey everyone, I'm back in business! Here is a list of stocks to watch that caught my eye based purely on technical analysis.

( click to enlarge )

FireEye Inc (NASDAQ:FEYE) share price could be heading for a breakout in the coming days. Any close above the top of this trading range can indicate that the next leg of the rally could go up to the 18.50 level.

( click to enlarge )

Verastem Inc (NASDAQ:VSTM) continues to show tremendous strength. I really believe this stock has a good chance to move above $6 any time soon. On wednesday, Cantor Fitzgerald upgraded the shares from Neutral to Overweight with a price target of $17. On watch.

( click to enlarge )

Pandora Media Inc (NYSE:P) is gaining some momentum again. The stock closed the week above all short-term EMAs. If a proper breakout happens at $8.69 we can see a target of $10

( click to enlarge )

Endocyte, Inc. (NASDAQ:ECYT) is showing signs of buying activity at current levels. Considering that is trading below cash on hand ($2.84/share) I started a long position here. Resistance level is the high of Friday, which is $1.39. Watch the stock closely next week for a possible move. A break above this level could result in an acceleration to the upside, targeting $1.7 area initially.

( click to enlarge )

I have Acacia Research Corp (NASDAQ:ACTG) on my watchlist for next week due to the recent price action, volume and momentum. Potential swing long above 3.90

( click to enlarge )

Juno Therapeutics Inc (NASDAQ:JUNO) is developing a bull flag formation and the breakout should be a nice one if it can hold up.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: ACTG, ECYT, FEYE, JUNO, P, VSTM

16:55 | Permalink |

Stocks to Watch for May 25, 2016

( click to enlarge )

Cisco Systems, Inc.(NASDAQ:CSCO) is setting up to break out and has one more level to go, which is $28.68. Daily technical indicators are looking bullish. The MACD has formed a bullish rounding bottom and crossed above its zero line. RSI is showing good upward momentum by crossing above its 50 line to enter into the Bullish zone. Watch the stock closely tomorrow.

( click to enlarge )

Verastem Inc (NASDAQ:VSTM) made an awesome move breaking out of a major resistance line with volume backed confirmation. I went long as its quite possible we should see a short term move near $1.9/share. The Daily technical chart shows bullish sign with +DI line on top of -DI line and RSI rising. There could be good upside in VSTM so watch the stock closely on Tuesday. Plus, the company is trading significantly under cash (99.54M or $2.69)

( click to enlarge )

Cesca Therapeutics Inc (NASDAQ:KOOL) closed back above the 50-day exponential moving average line on Tuesday, and that's the key indicator line for the near-term trend. Keep on watch for a follow through tomorrow.

( click to enlarge )

Carbylan Therapeutics Inc (NASDAQ:CBYL) There have been some pretty bullish candles forming on this daily chart and it seems to me like it is ready to turn up. A/D indicator shows strong accumulation. The next major resistance level for stock is located at $1.14. A close above would be very bullish. On watch.

( click to enlarge )

Advanced Micro Devices, Inc. (NASDAQ:AMD) Continues to act strong setting new highs.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: AMD, CBYL, CSCO, KOOL, VSTM

22:07 | Permalink |

Stocks to Watch for April 26, 2016

( click to enlarge )

Verastem Inc (NASDAQ:VSTM) shares closed higher for the third consecutive day on very impressive money volume. The trend continued higher based on the strong technicals. Today’s high is resistance for a follow through move on Tuesday. From a technical standpoint, the MACD just crossed above signal and the ADX chart is showing some strength in this movement, giving the "bulls" the signal they wanted. Watching 1.93 area for a squeeze. The company has a strong cash position of approximately US$110 million (as at December 31, 2015) or nearly $3 per share and zero debt.

( click to enlarge )

Oncothyreon Inc (NASDAQ:ONTY) showed strength all day and broke higher on heavy volume. Looks like higher prices to come.

( click to enlarge )

BlackBerry Ltd (NASDAQ:BBRY) is a stock that could head higher from Monday's close. It is in the process of bottoming and I expect a pop above $7.43 at some point in the coming days.

( click to enlarge )

I have Cepheid (NASDAQ:CPHD) on my watchlist. It may be ready to break out of this consolidation. The daily technical chart looks very good. Breakout watch over 36.08

( click to enlarge )

Pacific Biosciences of California (NASDAQ:PACB) Lets see if it breaks over $10.75. All major indicators are in favor of an upward price movement. Long set-up on watch.

( click to enlarge )

Vringo, Inc. (NASDAQ:VRNG) has been slowly gaining traction amid some buying pressure the last few days. A break through this 2.19 area could accelerate the stock higher.

If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email

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: BBRY, CPHD, ONTY, PACB, VRNG, VSTM

22:19 | Permalink |

AC Investor Blog

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

Sunday, May 31, 2020

Trading Setups for the Coming Week

Saturday, May 09, 2020

Top Twelve trading ideas for the coming week - A BIG THANK YOU to all of you 85000 followers on Stocktwits

Sunday, June 17, 2018

Hot stocks to watch next week and a few small caps to keep an eye on

Sunday, September 10, 2017

My Watchlist for Monday, Sept 11

Tuesday, May 24, 2016

Stocks to Watch for May 25, 2016

Monday, April 25, 2016

Stocks to Watch for April 26, 2016

About Me

FREE NEWSLETTER

Support AC

Follow me

Advertising

PREVIOUS POSTS

TRANSLATOR

Site Information

Stock Market Blogroll

Friends BLOGROLL

ARCHIVES