AC Investor Blog

Swing trade ideas and stock charts for the coming week

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Slack Technologies (NYSE:WORK) is nearing a key resistance level that has contained prices on two occasions in the last sessions. Considering the recent strong momentum, I think the stock looks set to break higher and rise above its rising 50-day EMA. The immediate support level is located at 25.06 followed by 24.41. Keep this stock in your radar list.

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Shares of Synthesis Energy Systems, Inc. (NASDAQ:SES) soared 191% to $5.25 per share after the company announced it purchased Australian Future Energy in all-stock deal worth $36M. Although the stock has been in weak market for the past few months, yesterday rally shows the stock is back on uptrend on rising MACD and RSI. With MACD now barely hit above 0, we probably will see more positive action coming from the stock. Long setup on watch. Any close above the green line (EMA200) will confirm the trend change.

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Based on the daily chart above, I feel Arcadia Biosciences Inc (NASDAQ:RKDA) stock is well over due for a counter trend rally, and I think it could see $6.5 or better if investor interest comes back into this stock. This stock was trading over $10 a share less than two months ago. From a technical standpoint, MACD is curling up and the RSI is in the oversold region, showing some signs of reversal. Thus, a strong reversal over the coming days is expected. This is the perfect stock to expect a SES type-move.

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I think it's time to reconsider adding Onconova Therapeutics Inc (NASDAQ:ONTX) to your portfolio for a potential big bounce. The company is now well-funded for the coming months with the recent offering at $1.60 and after the HanX Biopharmaceuticals deal. I started accumulating the stock. From a technical standpoint, MACD has generated a bullish alert and the RSI is in the extremely oversold region, a volatility squeeze seems eminent. Technicals are showing positive divergences supported by rising MACD and Slow Sto on the daily charts. Plus, there is a gap to fill over1.3

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VISTA OIL & GAS/S ADR (NYSE:VIST) Friday's breakout on strong volume is highly noteworthy and this stock should be added to your watch-list for consideration when the uptrend resumes.

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Tetraphase Pharmaceuticals Inc (NASDAQ:TTPH) is looking quite good here for higher prices. I'm watching closely this tiny float stock for a breakout above 3.95, as the stock has been basing nicely.

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The share price of Whiting Petroleum Corp (NYSE:WLL) is showing signs of a potential reversal. Clear break above 7.73 (EMA20) could trigger further bullish recovery testing the 8.56 area.

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Scworx Corp (NASDAQ:WORX) There are some signs of a possible bounce at this point due to the oversold conditions and some positive divergences on daily MACD, which often leads to short covering. A reversal may be on the way. Im long. This stock has a history of massive rallies at major supports.

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Enlivex Therapeutics Ltd (NASDAQ:ENLV) has been in a tremendous tailspin the last three weeks. It has seen a bevy of selling bring the stock to fresh new lows for the year and i cant find "news" that could justify the scale of decline. I took a long position on stock last week, because i believe we could see a sharp rally out of these extreme oversold conditions.

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AMD (NASDAQ:AMD) Another stock with a nice look. Resistance Breakout. Go long on the break of Friday’s high at 30.20. MACD crossover and RSI could help it get into 32's again.

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I have LYFT Inc (NASDAQ:LYFT) on my watchlist for next week. It might attempt to breakout above $40.31 level again and if it succeed we should expect a strong move to the 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: AMD, ENLV, LYFT, ONTX, RKDA, SES, TTPH, VIST, WLL, WORK, WORX

15:44 | Permalink |

Stock to watch for next week

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Lets take a look at Relypsa Inc (NASDAQ:RLYP) activity in the light of the recent successive price increases. Looking at the daily technical chart above, we can see that the stock is positively reacting to the recent events. The good side of this stock technically is that the MACD is still rising above the zero line and the RSI is above its 50% level, so this stock is still bullish for now even if it is still consolidating. As long as the price trades above the $18 level, there is no threat for any sharp fall in the near-term. Immediate resistance is around the 21.30 area. A strong break above this hurdle can take the contract higher to the next targets of 23 and 25.6. Options traders continue to bet on more gains. Hope next week we see breakout.

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ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) looking strong. With more than 25% of the float short, the stock should continue to move higher, despite the fact that it has already enjoyed strong gains. Keep an eye for a possible breakout over 36.88. The rumors about an acquisition are circulating again.

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Ocean Power Technologies Inc (NASDAQ:OPTT) has been pulling back on low volume after massive one day rally on Wednesday. As you can see from the 30m chart above, in this corrective phase the stock has found a strong support on its rising 50-day EMA on multiple occasions (yellow line), forming a nice base. With MACD showing signs to enter the positive territory (positive divergence) beyond the centreline, a firm break of $4.08 on the upside would take the stock to the next immediate resistance at $5. A lot of people have shorted this stock over the past 2 sessions (A/D chart still showing accumulation) so we could see shorts pushing OPTT higher.

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Put FORM Holdings Corp. Common Stock (NASDAQ:FH) on your agenda next week. The rally into the green late Friday afternoon, tells me that buyers are aware of the potential of this stock on positive news that could come at any time. The company has just under 14M shares in the public float and it could have an impact on upward pricing. OPTT rally last week should be considered as a serious warning for shorts. From a technical standpoint, MACD continues to make higher lows (Positive divergence). This is a clear sign that the bulls are slowly starting to gain momentum over the bears. A trend reversal looks imminent.

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Can Fite Biopharma Ltd (NYSEMKT:CANF) price had a nice surge a few weeks ago and has been in a correction mode. The stock is now displaying upside momentum and is poised to move higher from these levels. Nearest resistance for the stock is at $3.10. If this level is crossed and the stock is able to sustain above this level, then it might go to $3.59. Keep an eye on CANF next week.

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Whiting Petroleum Corp (NYSE:WLL) is another stock I am watching closely. On the chart above, we can see that the stock is currently trading within an ascending triangle formation and needs to break 13.2 on higher volume to really start moving. Despite recent pullback, the daily RSI remains above 60 levels and may support the bullish argument. Additionally, the MACD still show the stock is on the positive swing. On watch.

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Shares of Lion Biotechnologies Inc (NASDAQ:LBIO) soared 43.45% or 28 cents to $8.65 per share on heavy trading volume Friday after announcing a new CEO and raising about $100M in a private offering. It broke out of a major resistance area around 8.40's and it will be very bullish if it can continue to rally next week. Friday's high is immediate resistance on the upside for another fast short squeeze.

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The stock price of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) has recovered smartly since the low of 1.48. It is currently in a short-term uptrend and may move up to 2/2.05 on volume trading. Technical indicators are bullish.

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Rambus Inc. (NASDAQ:RMBS) stock seems to have broken out of an inverted Head and SHoulder pattern formation last week. Can get interesting. Keep close eye on this one for a major rally to the upside. Stop 11.72

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

Thanks for visiting AC Investor Blog.

AC

Labels: ACAD, ARNA, CANF, FH, LBIO, OPTT, RLYP, RMBS, WLL

14:22 | Permalink |

Stocks to Watch for December 09, 2015

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Clovis Oncology Inc (NASDAQ:CLVS) A possible cup & handle bottom pattern may be forming on the daily charts. The technical chart shows bullish sign with MACD fast line line on top of MACD slow line and RSI rising. The neckline is located at the $35.76 level so a break above this resistance area could be enough to confirm a new uptrend. There could be good upside in CLVS so watch the stock closely.

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Whiting Petroleum Corp (NYSE:WLL) has achieved a small boost during Tuesday’s market as traders witnessed the extreme oversold position. I would like to see a break over today's high of 12.76 to indicate possible bounce is on deck. I feel that fundamentally, the stock looks attractive at least for the short term.

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Activision Blizzard, Inc. (NASDAQ:ATVI) hit a new 52-week high today, trading as high as $39.46, before settling at a close of $39.36. I'll be watching the stock on Wednesday, looking for a follow through move.

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Aduro BioTech Inc (NASDAQ:ADRO) Strong reversal candlestick on the daily chart on decent volume. Looks ready to test the recent highs.

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Alibaba Group Holding Ltd (NYSE:BABA) I'm still convinced that a breakout is coming sooner or later and the move will be powerful if it breaks out upwards.

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: ADRO, ATVI, BABA, CLVS, WLL

21:56 | Permalink |

Stocks to keep an eye on March 16, 2015

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Whiting Petroleum Corp (NYSE:WLL) The stock surged on Friday more than 4% to $40 per share after Bloomberg reported that the company has attracted interest from Exxon Mobil Corp. and Continental Resources Inc. as it explores a sale of the entire company. From the technical chart we can see that currently the stock is in a large trading range between 40.23 and 32.50. I classify the $40 as key resistance area since it has caused significant turning points in the price and held on the last three tests. MACD and RSI both signal positive strength. Watch the stock closely on Monday.

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King Digital Entertainment PLC (NYSE:KING) is starting to regain its form. On Friday, I wrote on twitter "KING Continuing to hold above major EMAs, watch for more upside" and the stock made a nice reversal candlestick pattern. The stock has been basing for a while above its 200EMA and technically is due for a break out. We can see a strong support and buyers coming in around 14.50/60 area. At present levels the stock is undervalued. A sustained break of $15 should bring the stock to a test of the recent highs. There seems to be a lot of room to run higher here.

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Vringo, Inc. (NASDAQ:VRNG) The daily charts look like an inverted head and shoulders bottom, with a neckline currently located at 90c. The stock is trading above all short-term EMAs, while ADX continues to show a positive trend. The current momentum is to the upside.

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Amarin Corporation plc (NASDAQ:AMRN) Technical daily chart is in PARABOLIC mode combined with extreme overbought conditions. At this stage I will wait for a potential pullback to initiate a new position.

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Pacific Ethanol Inc (NASDAQ:PEIX) pulled back strongly last week but looks to have found a bottom around its 50EMA. The stock closed up 24 cents on Friday on decent volume. Let's keep an eye on it as i think momentum will pick up. First upside target $11. MACD continues to show a positive divergence.

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Pandora Media Inc (NYSE:P) finally broke out of the bottom base formation accompanied by strong volume amid rumors of a potential takeover bid. Friday’s high was $17.07, which is resistance for the follow through move on Monday. If the stock does break resistance, expect to see another strong upside move.

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ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) has been resilient in the recent carnage in the markets. The stock is in strong hands and a close greater than $14 will trigger more upsides. The 11.87 (20EMA) level is the stop loss from a short term perspective and stock can be accumulated in declines. Upsides resistance zones are 13.45, 14 and 14.27

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: AMRN, KING, P, PEIX, VRNG, WLL, ZIOP

15:53 | Permalink |

AC Investor Blog

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

Saturday, October 12, 2019

Swing trade ideas and stock charts for the coming week

Saturday, June 04, 2016

Stock to watch for next week

Tuesday, December 08, 2015

Stocks to Watch for December 09, 2015

Saturday, March 14, 2015

Stocks to keep an eye on March 16, 2015

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