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Saturday, July 31, 2021 

Stocks you need to keep an eye on

Dearest readers,

First and foremost I would like to thank everyone for all messages and support over the past months. I just surpassed 150000 followers on Twitter, a remarkable milestone for me. Secondly, wishing all of you a safe vacation period and having lots of fun. There's no question it's a different period of time, but we can't stop living our lives because of the COVID variants. Have a great time with your loved ones.

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Bit Digital Inc (NASDAQ:BTBT) is developing a bull flag just under its EMA200 and the breakout should be a nice one if it can hold up. Keep an eye on BTBT as it is starting to tick up. The stock is in a short-term bull market and should continue to go up as both 13 day and 20 day exp moving averages are heading up. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls.

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Lumos Pharma Inc (NASDAQ:LUMO) The stock was over $12 last month and closed yesterday at $7.60. We could see a sharp rally out of these extreme oversold conditions. With the EMA50 at $11.25 and the EMA200 at much loftier levels, there is a lot of room for this rebound to go. Plus, this company is also trading well below cash levels, which is a great catalyst for a strong rebound. I took a long position on Friday, looking for a potential bounce to double digits.

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BSQUARE Corporation (NASDAQ:BSQR) has been pulling back with lower volume after a big surge in price. Might be worth watching for a new move to the upside. If it breaks 3.4 next week, we could see +$5 quickly. I'm in.

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Tiziana Life Sciences (NASDAQ:TLSA) bounced nicely off the rising EMA9 again on volume. Based on the chart and price action, I think the stock should test its declining EMA200 very soon. This COVID play deserves your attention going forward. On watch.

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Allied Healthcare Products Inc (NASDAQ:AHPI) was one of the biggest winners on Friday as the stock closed up $2.31 on the day with huge volumes. I alerted it when it was trading at $5.94 as a potential big mover and it did not disappoint us. Looking at the technical daily chart the near-term outlook is very positive, with the next pivot point at 10.25. Congrats to all of my followers who profited from it.

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Alset Ehome International Inc (NASDAQ:AEI) Despite all the hype regarding Tesla connections, the stock has been a complete disaster. I must admit that i'm losing a significant amount of cash here, but I will play the same strategy as PLUG at the beginning of 2019 when I bought a ton of stock around $1.25 in similar circumstances. Now that the offering is closed, we might start to see some upside movements. I think this will be a stock that will test my patience in the coming weeks/months. Patience is one of my best-known qualities as a trader which helped me achieve many goals in the market and life.

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AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) Potential bottom play next week. The stock price has fallen hard over the past several weeks and looks ready for a rebound. The technical daily chart above is not only oversold but also shows a stock ready to post a sizable bounce with several key momentum indicators showing positive divergences.

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Keep an eye on Power Integrations Inc (NASDAQ:POWI), looks like it may be setting up for some movement to the upside. Breakout watch over 98.75

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Takung Art Co Ltd (NYSEAMERICAN:TKAT) Keep this one on watch, it could be setting up to break out of this rounding bottom base. Go long when it breaks on heavy volume. The $6 price level should be used as a stop.

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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

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Saturday, July 17, 2021 

Top 8 Stocks To Watch Next Week

Dearest followers, 


I would like to start by saying that next Thursday 22th of July, I will take one week off to recharge my batteries for the busy months ahead. I'm heading to Algarve, south of Portugal. Good luck to all of you.

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Shares of Kadmon Holdings Inc (NASDAQ:KDMN) soared 20.56% or 75 cents to $4.28 per share on heavy volume after the company has announced that FDA has approved REZUROCKā„¢ (belumosudil) 200 mg once daily (QD) for the treatment of adult and pediatric patients 12 years and older with chronic graft-versus-host disease (cGVHD) after failure of at least two prior lines of systemic therapy. With a surprise FDA approval Friday afternoon, Kadmon Holdings is on its way to becoming a commercial drugmaker. With the surge yesterday %K line is again on top over %D line showing the stock is back to new rally. Plus, the price is also back above the 200 day exponential moving average. The technical chart shows the buyers are back and a possible test of February highs around $5.73 is very likely. The 7 analysts offering 12-month price forecasts for KDMN have a median target of 10.00, with a high estimate of 20.00 and a low estimate of 8.00. The median estimate represents a +134.19% increase from the last price of 4.28. The company will host a conference call on Monday, July 19, 2021 at 8:00 a.m. ET to discuss the FDA approval of REZUROCK. I think the stock has room to go higher due to its high short interest. Watch the stock closely on Monday.

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Clover Health Investments Corp (NASDAQ:CLOV) has been forming a large falling wedge pattern on the 4H chart that could lead to an explosive bullish movement if a breakout happens.This is a reversal pattern that forms in a downtrend. It implies that buyers are ready to take control of price amid a weakening bearish environment. A break above the upper trend line will be characterized by increased trading volume, bolstering the stock higher. Technical chart above shows a bullish sign with %K line on top of %D line and MACD is beginning to move up, which often leads to short covering. The stock looks like it wants to run.

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Pop Culture Group Co Ltd (NASDAQ:CPOP) The stock remains incredibly oversold. Obviously, the selling could resume and the stock could fall to fresh lows. That is the risk, but the potential reward is the stock rallies hard and hits $20 a share or +100% from current levels. Buying stocks at all-time lows in extreme oversold conditions, especially ones like these that have not experienced much of a bounce recently, is a great way to find profitable trades. I'm wondering about the broker that constantly dumps a ton of shares at 17.45 on a daily basis, something that the SEC should analyze in order to understand what the hell is going on. It's not a normal situation especially in extended hours.

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Moderna Inc (NASDAQ:MRNA) Broke out to new highs last week. The stock is very overbought so pullbacks are buyable. Looks good for higher prices.

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Orphazyme (NASDAQ:ORPH) performed well yesterday, closing up 5.2% on no news. Technical indicators are showing signs of turning around, which suggest a near-term bottom, including large positive divergences on MACD, Stochastics & RSI in daily. If the potential buy signal confirms itself, I will be looking for a move to the resistance area at 8.42 - 9 at the very least.

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Virgin Galactic (NYSE:SPCE) has pulled back all the way to its 200-day exponential moving average which is a key technical support level. Might bounce next week.

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Another potential bounce play on Monday is Nvidia (NASDAQ:NVDA)

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Oxbridge Re Holdings Ltd (NASDAQ:OXBR) Biotech name that looks poised to bounce from recent bottom. RSI and Sto are starting to turn up from oversold levels. I think short term the stock will break back over $3.8

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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  • I'm a 47 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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