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Saturday, November 19, 2022 

Stock Picks for the upcoming week

 

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Indian Energy Exchange Ltd (NSE:IEX) looking bullish flagging on the daily chart. Next buy point when it clears 234.62 on volume with an SL around its rising EMA13

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Spirit Realty Capital Inc (NYSE:SRC) gave a pocket pivot buy point on Friday. Watch for a good follow through day next week.

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Yatra com (NASDAQ:YTRA) Big Breakout on heavy volume. Buyable on a pullback to the pivot. The technical daily chart shows a continuation of the trend with MACD and RSI in the Bullish areas. There is a good chance the stock will continue to move up next week. Next pivot point lies at $3

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Mullen Automotive Inc (NASDAQ:MULN) In a shorter time frame price is still trading sideways. Major resistance around 33c. I think it’s likely that bulls will attempt a test of that level again in the coming sessions.

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Wisekey International Holding AG (NASDAQ:WKEY) After Friday's news I think this stock is heading back over $2. I like this stock for the next few weeks. Keep it on your watchlist.

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Blue Apron Holdings Inc (NYSE:APRN) Some signs of selling exhaustion have emerged. We have all seen how quickly the stock can head higher, when the buyers come. I believe the stock is ready to post a sizable bounce from current levels. Gap fill candidate next week.

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Digi International (NASDAQ:DGII) needs to break above 42.05 next week to make a new higher high and extend the current upward trend. On watch.

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Nuwellis Inc (NASDAQ:NUWE) This penny stock is still in play for me for a swing trade. The recent offering was closed at 25c. I wouldn't be surprised to see the stock test 20c at some point over the next few weeks. The chart shows a possible reversal in trend. A breakout beyond $.132 will take the price to $.20 (it's important to remember that penny stocks are very risky, so play accordingly).

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Hour Loop Inc (NASDAQ:HOUR) Flagging with possible acceleration above $3.05 resistance

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Apple (NASDAQ:AAPL) has become increasingly bullish and is setting up for a potential swing trade. Breakout watch over 153.59

BLACK FRIDAY SALE IS BACK !! Get 30% off Trade Ideas when you use code FRIDAY30 for a new subscription or Upgrade to Premium by Clicking HERE. Trade Ideas is my favorite intraday scanning tool. Have a great weekend everyone !!



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

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18:55 | |

Saturday, October 15, 2022 

Economy, Charts, Stocks and opportunities !!

Dearest readers, 

JUST TO REMEMBER: I would like to take this opportunity once again to remind you that I don't send private Twitter messages promoting services nor ask you for money. Plus, I don't have any TELEGRAM, FACEBOOK or INSTAGRAM accounts. 

I would also like to make clear that I have never been paid to promote a stock/company, and I never will. All of my stock picks, technical analysis, and posts are crafted utilizing my own knowledge and experience. 

I trade all types of stocks, big mid and small caps, but never the OTC market. I thank you for coming here and reading what I have to say about stocks on a technical level for informational purposes only.

Talking now about markets.......

The main US stock indexes ended the last session of the week in the red again, at a time when investors are trying to find a balance between fears of rising inflation, lower growth and cheaper share prices after the massive drops the past four weeks. I think we are moving towards a regime in which prices will remain at a higher level for some time. Economic growth has been showing a positive trend, since with the return of normality after COVID, we are witnessing a greater dynamism characterized by an increase in consumption. 

The question that is beginning to be asked is what will be the future economic performance and what growth revisions will be taken into account after the steep rise of the interest rates, which as a rule has negative consequences for economic growth. So far, the labor market remains robust. However, if economic growth slows down significantly and inflation remains high, the labor market should also be impacted. 

In the current context, and after a huge drop of the main indexes YTD the market is already priced in an economic contraction. I remain in complete disagreement with the FED policy decisions. They acted late and now they want to stop the problem immediately, having a brutal impact on consumers and possibly destroying jobs that last decades to be created.

Let me share some interesting setups to follow next week.

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Nio Inc (NYSE:NIO) bulls need to hold support at the 11.67 price level on a close basis next week. Breaking below it will increase chances of moving lower towards 11-10.5 area. Bulls need to form a higher low and then make another try to break the declining EMA9. There could be short-term, counter-trend movements, but for now the trend remains to the downside.

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Over the past week I have been accumulating shares of Advanced Micro Devices (NASDAQ:AMD) Since the beginning of August the stock is in the midst of an amazing fall, you would have to think it will get a decent dead cat bounce at some point. Just seven days ago someone was willing to pay $70 for this stock, that same person may be willing to pay $56 for it now, which would represent a decent recovery. Looking at the chart, the daily MACD is displaying a positive divergence, meaning that despite lower lows in price action, the MACD Hist is printing higher lows, indicating that the pair could move to the upside. If the stock holds the recent lows next week, there's a good chance for a bounce-back rally in the next few sessions.

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Atlis Motor Vehicles (NASDAQ:AMV) Low float stocks have been very HOT lately and this name should breakout at some point, I think it will be sooner rather than later, with a possible move coming next week. I am thinking $30 or better this time around. 

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Grove Collaborative Holdings Inc (NYSE:GROV) I can sense the capitulation and think that a sharp rally could follow over the next few days. At $1.6 a share, and considering this stock was trading well over $7 last month, the risk for further decline is outweighed by the potential gain an explosive bounce would provide. With Friday's closing price of $1.57, I think a quick bounce to $2.4 or better is in the cards.

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Tesla, Inc. (NASDAQ:TSLA) Unfortunately, I was stopped out yesterday. The daily technical chart looks a little worrying for the bulls at this point. It's a big problem when a stock fails to regain a key level. The stock’s $204.99 close on Friday also puts it firmly below the $206 level, which is significant since it was key support for the stock in the past. I might re-enter after the earnings, but for now I prefer to stay on the sidelines.

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Meta (NASDAQ:META) Another big cap that I have been accumulating recently. Although the market fell, this stock seems resilient. And resilience is one good way to know strength. Let's see if it holds the 52wk low and what next week brings us.

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Wisekey International Holding (NASDAQ:WKEY) has seen a massive drop in share price. Stocks with such a big fall and great news usually have big bounces. News out from WKEY last week could help bring out the knife catchers. Revenue grew for 4 straight Quarters and the partnership with the Swiss army worth millions. The time might be coming for a big bounce. A bounce that could send this stock back over $2.5

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Sidus Space (NASDAQ:SIDU) The technical daily chart shows a stock that is in a slow and steady down trend. The time for a significant bounce is near and more than likely coming next week if the market helps. On watch.

I got awesome news for you guys: The next 2-week Test Drive starts October 17th and ends October 31st. You are invited to test drive TradeIdeas PREMIUM features for 2 weeks by clicking HERE ! The Test Drive lets non-subscribers or standard subscribers enjoy all Premium Subscription features for up to 2-weeks. I recommend you sign up before Monday, October 17 so you have the full 2-weeks of access. You can sign up through Friday, October 17th but won't get the full 2-weeks.

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

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16:22 | |

Saturday, January 08, 2022 

Potential trading setups for the coming week

 

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Draftkings Inc (NASDAQ:DKNG) The stock is bouncing after seeing weeks of strong downward movement. While DKNG's short-term trend seems to have reversed, a close above the pivot pocket 28.80 could lead to more relief and confirm the possible bottom. I think we could see more gains next week as the heavy volume of the last two days should attract some more bottom feeders. As I tweeted on Thursday I took a position around 24.5 and doubled it on the break of 25 looking for an initial target around 30.7 Lets see what Monday brings us.

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Fubotv Inc (NYSE:FUBO) May have put in a short term bottom, could see potential a $1-$2 move from here.

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Wish (NASDAQ:WISH) The first green closed in a bad tape. Is this the bottom signal we needed finally? I think some of that money is heading toward the bottom plays. This stock just in the past year has dropped from $32 a share to $3 and now rests at $2.76 a share. How did it get there? There are so many different answers, but I'm not sure which will be the correct one. What I know is that this is a legitimate company that has significant potential with a new staff full knowledge and experience in this particular biz. Honestly, i think we are near the bottom if not the bottom. I wouldn't be surprised if this stock pops 30-50% in one session soon, like it did in the past. Call me crazy, but I'm still long and with a significant loss at this moment, something that it is not so popular to admit for an influencer with a huge number of followers, but I have nothing to hide. Losses are part of the game, and fortunately I can afford it if my strategy fails, because I don't play with margin. Do you remember when I told you I would double my money with Blackberry? I did it last year, so if you trust in your strategy and have time to wait, sooner or later you will win.

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Indaptus Therapeutics Inc (NASDAQ:INDP) Over 25% of INDP's tradable shares are in the hands of short sellers, meaning they sold the stock and are holding for further declines. Unlike buying a stock, when you can only lose as much as you invest, a short seller's loss potential is unlimited, which is one of the reasons why short squeezes occur, specifically in stocks like INDP with a thin public float. Chief Executive Officer, will participate in a pre-recorded presentation at the H.C. Wainwright BioConnect 2022 Virtual Conference made available on Monday, so stay tuned. The stock has built a nice base, which suggests the shares could keep moving significantly higher in the coming months. Definitely on watch next week.

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Amesite Inc (NASDAQ:AMST) This penny deserves your attention going forward. The stock is on the verge of a technical breakout. Positive money flow.

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Digital World Acquisition Corp (NASDAQ:DWAC) I still feel a push to $90 - $100 is entirely possible. This was a $175 stock less than 3 months ago and once it starts to squeeze higher again there is really no telling exactly where it will go. One thing we all do know, shorts need to buy back stock to profit from their bets, which only adds more fuel to the fire. Former President Donald Trump’s social media app, Truth Social, reportedly is available for pre-order before its scheduled release over the Presidents' Day holiday weekend. On Thursday, reuters said a source familiar with the matter confirmed that Feb. 21 is the planned launch date of the app. This could be a historic squeeze and one that will be fun to watch. We could see buyers step in before Feb 21, shorts cover, and an overall lack of supply lead to a big jump in price per share. I took a long position last week. Note: I blocked a lot of people last week because i bot this stock. I don't support any party, i'm here to make money, period.

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Singularity Future Technology Ltd (NASDAQ:SGLY) The last few days have seen increased volume and price. This is worth watching and possibly stepping in for a trade at some point. Breakout watch over 5.5

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Exela Technologies Inc (NASDAQ:XELA) This sub $1 stock has almost $1.2B in annual revenue and the company’s long-term debt was reduced by approximately $454 million recently. Plus, they announced on Dec 8th that B Riley Securities, Inc. (“B. Riley Securities”) and certain other investors have purchased an aggregate of $35 million of the Company’s common stock. In addition, the Company’s management and board members also purchased, in aggregate, more than $1 million of the company's common stock. Exela’s Executive Chairman, noted recently that the company is undervalued on multiple metrics. I think the stock deserves a much higher trading price per share. Might bounce till previous support.

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Wisekey International Holding AG (NASDAQ:WKEY) This daily chart is one to watch for a potential bottom. The MACD is starting to curl and I could see this $4.3 stock recovering at least 30-50% from here. Another stock that the CEO said recently that's significantly undervalued.

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TMC the metals company Inc (NASDAQ:TMC) has been pulling back on very low volume over the last 5 sessions after it breached the upper line of the large falling wedge that started in September. Insiders have been very active lately. We could be in the early stages of a nice rally for this stock. Keep a close eye on it going forward.

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DISCOVERY COMMUNICATIONS INC. (NASDAQ:DISCA) displayed some impressive relative strength Friday with a 16.87% gain on heavy volume. I think we will see some nice follow through next week. Next major resistance lies at 35

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Greenbox Pos (NASDAQ:GBOX) made a nice upside reversal Friday in a weak market. It may be ready to break out of this potential bottom setup. Breakout watch over 5.43

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Neurometrix Inc (NASDAQ:NURO) is showing extremely oversold conditions on the daily chart while the daily MACD has formed a bullish rounding bottom. Keep this one on watch, it could be setting up to break out of this large triangle formation. If it breaks next week, we could see +$7.5 quickly.

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Peloton Interactive Inc (NASDAQ:PTON) Setting up to clear this downtrend line, keep on watch.

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

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17:41 | |

Saturday, October 23, 2021 

Here are some Trade ideas for the last week of October 2021

Dearest readers, followers and friends, 

I hope everyone is enjoying a great Saturday with family and friends. Im sure you are eagerly awaiting the market’s open Monday and getting ready to start the week with a profitable trading session. 

Friday was probably one of my best trading days in recent memory. Too many big winners in just one day. Honestly, I never saw so many stocks getting halted on circuit breakers in a single day. Even if you didn't catch a stock winner, don't give up, everyday trading week is a new week, a new beginning, so start fresh and keep smiling, because you never know what the market has to offer for you. Do not be hasty to buy or sell a stock, every day there are new opportunities to make money. Being patient is the key to the success of any trader. 

"With patience and discipline, you can take much more from the stock market than you ever gave". Put this sentence in front of your screens !! 

Trading stocks is not easy for beginners or professionals, it is really very hard and requires a lot of attention and knowledge. If stock trading was easy, everyone would be doing it. You can be successful at the stock market, with patience, discipline and a good trade set-up. The key objective is to make money and not lose it. 

I just want to make this clear. I have never been paid to promote a stock/company, and I never will. All of my stock picks, technical analysis, and posts are crafted utilizing my own knowledge and experience. I thank you for coming here and reading what I have to say about stocks on a technical level. 

I will also take this opportunity to inform you that my Twitter profile has been cloned over the past weeks/months by imposters that duplicated exactly all my tweets, images and purchasing followers to be popular in the eyes of newbie investors. These scam artists are trying to use my name and send people messages to sell products. I will NEVER ask you for money. 

Please be aware: 

- I just have 1 Official Twitter account @ACInvestorBlog currently with +165000 followers 


- 1 email account antonio.mrcosta at gmail com 

- 1 blog and 1 verified Stocktwits account with nearly 115000 followers. 

Everything that you find on the internet that does not match these metrics are not mine and please block and report these scam artists to Twitter. Together we can win this fight or minimize their strength. I continue to receive a lot of emails everyday, sorry for the delay of reply, i'm doing my best but I don't have time to answer everybody's questions about trading or anything else. 

These are the 3 essential financial tools that I use on a daily basis: 

TradeIdeas: It is a scanning tool that all traders should use. Grab the weekend opportunity and save more (25% off) on any subscription only until midnight Sunday by using this code TESTDRIVE25 Click HERE

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TheTradeXchange: TradeXchange is another online financial media outlet that delivers real-time news headlines that usually hits the wire fast enough to be an actionable trade idea. Click HERE 

Here are some Trade ideas for the last week of October.

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If you paid attention to Thursday's alert and got into Phunware Inc (NASDAQ:PHUN) ten minutes before the close when I said "Added $PHUN on pullback at 1.47 thank you", congratulations! The stock had a very productive day on Friday as we saw gains of over 1000%, completely insane. The DWAC euphoria grabbed the market's attention also on this name and the stock surged like a missile. I have to say, I sold it too early but for me a profit is always a profit, and everytime i initiate a trade, my strategy is automatically in mind, and usually I never change. A break above this short-term downtrend line on the 5m chart could trigger further upside recovery testing the $11 area. I'll be watching the stock on Monday, looking for a possible follow through move. This stock will move quickly and is very volatile, so be careful with your share size and entry price.

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Remark Holdings Inc (NASDAQ:MARK) posted a 138%+ gain on Friday to close over $2.17 a share. Is continued gains in the cards or was Friday's rally just a quick pop before a sell-off ? Honestly, I think there are more gains to be had, and would look for any pull-back to possibly grab a few more shares. From a technical standpoint, the stock broke out of a descending channel formation that captured the mid-2021 bearish momentum on massive volume, signaling that a reversal is underway. The stock is now above all major exponential moving averages and if the upward trend can continue for another week and the EMA50 can cross on top over the EMA200, then the stock will be ready for another big rally. Next major resistance lies at $2.89 The same advice for MARK as i did for PHUN "This stock will move quickly and is very volatile, so be careful with your share size and entry price".

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Digital World Acquisition Corp (NASDAQ:DWAC) Price needs to break this sideways range in order for me to get back into a short-term directional trend. Momentum oscillators are presenting a mixed picture.

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Takung Art Co Ltd (NYSEAMERICAN:TKAT) is looking good to me with all this NFT hype. I'm very pleased about how the stock has pulled back to its major support zone after its large move in the middle of August. For the coming week, a breakout above the 8 level would signal the start of a new uptrend that could potentially test the recent highs around the $14 area. You do not need much digging to see that the stock has very strong bounce potential here JMHO On watch.

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Silverback Therapeutics Inc (NASDAQ:SBTX) Price has made a new low but reversed it by closing above 9.10 again. There was clearly more buying than selling on Friday. Company has a good pipeline, cash on hand and a great CEO with huge experience (she led Synthorix into its acquisition by Sanofit). According to analysts' consensus price target of $51.80, Silverback Therapeutics has a forecasted upside of 452.2%. I have been accumulating this stock.

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Blackberry (NYSE:BB) pulled back before the weekend, getting rejected by the $12 area and falling to about 10.9 on Friday. I think this pullback is a great opportunity to enter. I'm playing it for another BIG pop.

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Orphazyme A/S (NASDAQ:ORPH) I suggest you keep this stock on your radar. At some point I think it will post another impressive rally.

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Wisekey International Holding AG (NASDAQ:WKEY) another NFT play that was added to my watchlist again as a possible bottom bounce-play. The chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. Squeeze over 6.50

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

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11:24 | |

Sunday, September 19, 2021 

Chart setups to keep an eye on next week

 

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Pharmacyte Biotech Inc (NASDAQ:PMCB) has been in the process of forming a bottom pattern for the past couple of weeks. A move past $3.93 would be a strong indicator of a further rebound in the stock. Once it breaks through resistance, we should see strong volume as the stock will breakout and move higher. The money seems to be flowing into the stock as indicated by the On Balance Volume line. Keep watching the stock. I took a big position last week.

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Ironnet Inc (NYSE:IRNT) stock has pulled back to $30 from $47 after a profit-taking run, providing a suitable entry point for active traders. Short-term MACD is crossing up while OBV remains at high levels. Might bounce here.

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Silverback Therapeutics Inc (NASDAQ:SBTX) has been in a tremendous tailspin the last two months. I think this stock will post a sharp rally from current levels. This was a $31 stock in August and at $12.55, in my honest opinion, there is a compelling risk/reward scenario. Plus, the OBV indicator is displaying a bullish divergence, showing high buying volumes. I bought some shares on Friday afternoon. The risk is the stock continues to fall, the reward is a swift 20-35% type move for this highly oversold stock. I've been spot on with these bottom plays recently.

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Camber Energy Inc (NYSEAMERICAN:CEI) has been in a strong upwards trend the past few weeks and it seems to be working out the overbought conditions. As you can see on the chart above, the rising EMA9 line on the 4H has been providing a significant support for the stock on the rise, so only a close below that line would indicate that a pullback is on its way. In that scenario, there are a lot of supports below. On the other hand, if a breakout above 1.87 occurs, we could see an acceleration of momentum and move toward the 2-2.26 area.

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Wisekey International Holding AG (NASDAQ:WKEY) is a NFT play to keep an eye on. I am still watching WKEY shares due to the recent price action, volume, news and momentum. Overall, the stock is showing some positive technical signs of reversing its long-term downtrend. If it breaks 9.37 next week, the first target on a swing would be the $12 area.

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Wish (NASDAQ:WISH) is a stock that could head higher from Friday's close. It is in the process of bottoming and I expect a pop above $7.75 at some point in the coming weeks.

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

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09:50 | |

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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