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Sunday, February 21, 2021 

Trade Setups Ideas for the coming week


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

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

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

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

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

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

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

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

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

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Westwater Resources Inc (WWR) Rallied hard Friday on heavy volume, breaking out of a descending channel. If it clears back over 8 may have some good upside.

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.

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

Thanks for visiting AC Investor Blog.

AC

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Saturday, February 13, 2021 

Here are a few trade ideas and my trading rules

Dearest followers,

Thank you to all of you who have been with me this far and congratulations to everyone on taking advantage of all the recent gainers since the New Year. Plus, i would like to thank you once again for the fantastic Twitter followers growth. I surpassed 110000 yesterday, just one week after hitting the key mark of 100000. This is Insane. Definitely a milestone I never imagined myself hitting, and I'm so appreciative of everyone who supports me in this passion of mine, your support is invaluable. 

I would take this opportunity also to point out, that I have never been paid to promote any company, and I never will. All of my stock picks, analysis and posts are crafted utilizing my own knowledge and experience over the years. My posts on StockTwits or Twitter are unbiased and honest. The stocks you get on this blog ,and as a free subscriber are based on my own research, charts, news or events. I hope what I write helps you navigate in the best World stock market. 

Over the past months I continue to see a lot of fake accounts being created pretending to be myself in order to scam you. I will never ever direct messages to you about any paid services. WATCH OUT for the FAKE accounts. I'm very happy to see that Twitter is aware of these scammers and any report from you or me, they act immediately (sometimes takes a few minutes) and remove these accounts. So, it's very important your support in this matter to avoid the newbies to be victims of these schemes.


Due to the increased number of followers and the continuous emails asking for knowing what my rules are, I decided to share it again.

1 - The trend is your friend, so never go against the trend.
2 - Keep your losses small. Golden rule: Cut losses short. Let profits run.
3 - Use stops. The stop loss should be placed a few cents below the supports and not at the same level (i don't use SLs for low float stocks).
4 - Learn the basics of fundamentals, charts and technical indicators.
5 - The good trader is one who makes consistent gains, so don’t be a greedy trader, appreciate the small and the big gains.
6 - Do not fear the market. Be always confident in your trade decisions.
7 - Never buy what you do not want, because you think it is cheap.
8 - Always be conscious that the loss may arise and you should be prepared for that to happen. Open mind.
9 - For large positions, you must have total control of the market never losing sight
10 -Volume is a leading indicator, so play the breakouts using the volume as support of your decision.
11 - Chart breaks without volume could be a trap and the probabilities of succeeding are low
12 - 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.
13 - Only believe fundamentals as long as the technical signals follow.
14 - Trading very speculative stocks is a frequent mistake.
15 - Do not trade positions too large relative to your available capital.
16 - Do not invest all your money in one company. Your portfolio must be diversified.
17 - The Greed to pick tops or bottoms is a usual error. Wait for the perfect and confirmed signal.
18 - Do not make trading decisions based on a story you saw in the morning paper. The market many times has already discounted the information.
19 - Review your missteps to improve your skills

With patience and discipline, you can take much more from the stock market than you ever gave. 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.

Let's start now sharing some interesting trade ideas for the coming week.

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Sundial Growers Inc (NASDAQ:SNDL) After peaking as high as $3.96 on Thursday, the stock has pulled back to fill the gap around the rising EMA200 on the 15m chart in early Friday trading. Despite the pullback, the accumulation line continues to rise, which means a positive divergence. Plus, the stock closed the day with a big bullish candle on decent volume above the psychological level of $2. Looking for some intense buying pressure at the open on Tuesday and I wouldn't be surprised if it hit $2.6 at some point next week. I bought back my shares. SL 1.75

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Wunong Net Technology Co Ltd (NASDAQ:WNW) I want to congratulate anyone that followed the WNW pick on Thursday at $14 when nobody was talking about this China stock, which raked in over 100% in real possible gains. There were plenty of opportunities throughout the day to get involved and easily book a profit. As I tweeted yesterday, I took profits. If you're still long, stock only has a major resistance at $40

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LAIX Inc (NYSE:LAIX) Moved my profits of WNW to start a decent position in this China former runner LAIX at $3.80 Looks like building a base for the next up move. I would look for a move up to $5.2 resistance in the coming trading sessions. The MACD is curling up and about to cross. This was a $11.65 stock less than six days ago and China stocks remain the theme. Long setup on watch.

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Arcadia Biosciences Inc (NASDAQ:RKDA) slumped again on Friday closing at major support. I believe now is the time to start trying to catch this "falling knife" with a tight stop loss. Any bounce from here could move to 4.60. Let's see if that happens on Tuesday. The potential growth of the company is very attractive.

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SINTX Technologies Inc (NASDAQ:SINT) I believe the breakout move is the higher probability outcome of this pennant formation on the 30m chart based on technical and volume patterns. Once the breakout move begins, the 3.44 level will become critical as a future resistance level. If that level is broken, then we believe the SINT may attempt to rise to levels not seen since July 2019 around 4.3 Im still long.

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GBR This low float energy name should be in your Top watchlist as long as the crude oil goes up. This was a $30 stock less than two weeks ago.

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Churchill Capital Corp IV (NYSE:CCIV) saw its shares surged almost 27% to 39.98 on Friday. With technical daily charts showing strength, as MACD is above signal and RSI above 70, we could see this stock going strong for a while. Pullbacks to pivot are buyable. It doesn't look to be too late to join the party.

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Keep an eye on GreenPower Motor Company Inc (NASDAQ:GP) The stock looks poised to break out and run higher. Good long setup if the stock takes out the 34.45 level on volume.

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MARK is clearly working out its overbought status on a daily basis and from a technical standpoint it is a healthy consolidation for the next phase of its advance. The stock price can potentially set-up well for another swing-trade, if it breaks through the key resistance level at 4.72

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Molecular Data Inc (NASDAQ:MKD) broke and closed above its EMA-200 for the first time in months accompanied with high volume. The stock price hit a high of $1.93, which is now resistance for Tuesday’s continuation move. If the stock can break through resistance, we should see another strong upside move. MKD will move very quickly, so watch the stock closely.

Valentine's Day Offer: One of my favorite powerful intraday stock scanners is offering you 20% off  with LOVETHESTOCK and the code is good through midnight on Monday the 15th. Last chance to grab this fantastic offer!
 
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

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About Me

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  • I'm a 46 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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