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Saturday, May 06, 2017 

My Watchlist for Monday, May 08

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BlackBerry Ltd (NASDAQ:BBRY) closed the week with a strong tone above the critical resistance level of 9.46 (the highs of December 2015). The stock has been trading in a strong up-trend momentum since late March, which remains technically intact. As you can see from the weekly momentum indicators on the chart above, they remain very constructive, suggesting that higher prices could unfold over the long term. The stock has been a nightmare for shorts in the past few weeks and I do believe that this rally could be just the beginning of something much bigger. The story of John Chen in Sybase was something EPIC, astounding, phenomenal, unbelievable, etc....for many analysts, and i got a feeling that Blackberry could be the next Sybase. As i have been saying, the more you short, the more you will need to cover. Double digits ahead.

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Home Depot Inc (NYSE:HD) has been trading in a strong up-trend over the past few months, which is still firmly intact. Over the past two weeks the price has been trading sideways, consolidating between $153 and $156. At this point, all you can do is to wait for the breakout of the trading range.

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Merck & Co., Inc. (NYSE:MRK) momentum is coming back to this name. Daily momentum indicators are pointing to likely higher prices over the medium-term. Once a resistance of $64.12 is broken upwards the price can rebound to $65

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Xenon Pharmaceuticals Inc (NASDAQ:XENE) has been range bound for awhile. Looks ready to take out 4.25 soon. Daily MACD looks favorable too. Im long.

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Boeing Co (NYSE:BA) Poised to breakout to new highs. A high volume move through the 185.71 price level would be buyable.

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Affimed NV (NASDAQ:AFMD) is ready for a possible rally if breakout key resistance level of $2.30 with big volume. It is possible the stock is forming a large Bullish Flag pattern. The MACD Histogram is also showing a positive divergence. On the radar. Plenty of room to upside.

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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.

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About Me

  • 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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