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Saturday, October 16, 2021 

Ten stocks worth watching next week

 

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FuelCell Energy Inc (NASDAQ:FCEL) Good solid stock moving higher on expansion volume. 7.86 is the pivot here. If it breaks, we could see 8.50 quickly. Use the rising EMA20 as stop-loss. Technical indicators are also supporting the bulls. The MACD crossed above the signal line on positive territory, RSI is moving up and above its 50% level. Long setup on watch.

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Adamis Pharmaceuticals Corp (NASDAQ:ADMP) Watch Monday's action for a possible breakout over $1.15 PDUFA is coming up soon so I wouldn't wait too long to jump aboard. Plus, ADMP is on the list of the Most Bought by Activist Hedge Funds.

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ReShape Lifesciences Inc (NASDAQ:RSLS) looks about ready to pop here! Setting up a possible resistance breakout trade. Technical indicators are supporting a continuation of the recent move higher. The RSI is moving back higher in the bullish zone and the MACD is crossing up. On my fireworks list.

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Orbital Energy Group Inc (NASDAQ:OEG) deserves some attention as a potential bounce candidate. It is recovering from its bottom with MACD & Slow Sto moving upwards. If the stock holds above $2.87, the price may rise to the 3.52-3.7 range in the short-term. I have been accumulating this stock. Tremendous potential imho.

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Mercurity Fintech Holding Inc (NASDAQ:MFH) continued to show strength with another gain. Friday's rally put shares above the psychological resistance level of $2.50, which is a very bullish sign. This key resistance zone was taken out with a thrust and could lead to more upside.

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Silverback Therapeutics Inc (NASDAQ:SBTX) is another oversold stock showing signs of potential trend change. A breakout above $10.45 would constitute a technical entry point for the short-term trader, looking for a quick trade.

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Waitr Holdings Inc (NASDAQ:WTRH) This rally seems like it is getting some momo again. A close above the 1.50 level would be a strong indicator of a further uptrend in the stock. On watch.

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Shares of Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) are starting to heat up again and are worth watching in the coming future. Phase 3 results of Tonmya (TNX-102 SL) to be presented at ACR November 6, 2021 If volume can pick up, I think this stock can break through resistance at 60c and re-test its recent highs around 80c (gap zone).

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Alcoa (NYSE:AA) had a strong move on Friday, as the stock set new 52-wk highs. The stock hit a high of $56.93, which is resistance for the follow through move. You should watch this stock closely on Monday for continuation.

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Protagonist Therapeutics Inc (NASDAQ:PTGX) the more it consolidates the more powerful it gets! A break of 33 next week should bring the buyers into this stock in a big way.

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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Sunday, October 10, 2021 

9 stocks worth watching next week

 

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Clover Health Investments Corp (NASDAQ:CLOV) Friday's close was notable as the stock broke the downtrend line that has been in place since early June. On the technical chart, we can see a few things going on here. First, the stock is back all short-term EMAs. Also, MACD is indicating a trend reversal to the upside. Last, and definitely not least, we can see that the money seems to be flowing into the stock and RSI is turning up.

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Globus Maritime Ltd (NASDAQ:GLBS) The Baltic Index continues to make new highs almost everyday. Historically, November is the best month for shippers but with the current Index rally i suspect that in 2021 will be a little different, perhaps the shippermania could be about to start. I love this setup as a potential bottom in the making. Daily technical indicators are showing the first signs of a positive divergence from price. The MACD is already displaying a clear bullish divergence to the price action over the past few weeks, this suggests that the upside momentum could be building up. In addition, the daily RSI momentum oscillator is signaling a positive crossover from the oversold territory. Plus, the A/D indicator is also showing some positive divergence. The stock is now likely to test and potentially overcome its 100-day EMA in the days ahead.

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With the recent developments from the company I think this stock has a good chance at trading higher going forward. Squeeze over 3.09. I have been accumulating  Moving Image Technologies Inc (NYSEAMERICAN:MITQ) looking for a run to $5

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CASI Pharmaceuticals Inc (NASDAQ:CASI) Historically, October is always a great month for a trend reversal on this name. I think we could see a strong reversal over the coming wks.

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Pharmacyte Biotech Inc (NASDAQ:PMCB) experienced unusual volatility and trading volume before the close on Friday. On my fireworks list.

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Voyager Therapeutics Inc (NASDAQ:VYGR) broke above resistance in Friday's trading session after a small period of consolidation. I still like this stock and will be watching it again on Monday, expecting to see a continuation move.

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ReShape Lifesciences (NASDAQ:RSLS) had a strong day as the stock closed up 65 cents or 26.21% on heavy volume. Friday’s high of $3.37 is now resistance for the continuation move. The stock is back on top over the 20-day EMA and MACD is showing positive momentum, while KD line also shows buy signal as %K line is on top of %D line.

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Core Laboratories N.V. (NYSE:CLB) looking primed for a range break to the upside. Breakout watch over 30.5

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Skillful Craftsman Education Tech Ltd (NASDAQ:EDTK) is getting closer to a major break-out so keep an eye on her and wait for a close over 1.3 to enter.

TRADE IDEAS TEST DRIVE IS BACK: The next 2-week Test Drive starts TOMORROW Oct 11th, and runs until October 22nd. The Test Drive lets non-subscribers or standard subscribers enjoy all Premium Subscription features for up to 2-weeks. I recommend you sign up HERE before Monday, October 11 so you will have the full 2-weeks of access.

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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