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Saturday, November 04, 2017 

Bullish setups for the week ahead

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Myomo Inc (NYSEAMERICAN:MYO) The share price is starting to break out from its downtrend channel. The stock hit bottom in the low $2.50's last month and has started to work its way higher. On Friday, it was up over 45% on a breakout type move accompanied by high volume. With a float of just 3.25M shares, yesterday's high volume breakout could be the start of a nice squeeze higher. I believe that there is a strong case for further gains to the 6.5-7 area.

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Qualstar Corporation (NASDAQ:QBAK) closed up 13.6% on Friday at $8.76 a share accompanied by high volume. I had posted about this stock on Wednesday as a potential breakout play on blog at $7.20 and it has come through. Above, there are no key resistances on chart, all the way up to $12

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Endocyte, Inc. (NASDAQ:ECYT) This is a great chart set-up. Nice consolidation in a flag formation after last spike. Yesterday the stock broke out of the flag and reasserted the bullish trend. This rally could take the stock to $6.50 - $6.55 next week.

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Diana Containerships Inc (NASDAQ:DCIX) has done almost nothing but go down since July. Yesterday it bounced in a big way and could see more gains next week due to the high short interest. However, this is a stock to play with tight stop losses. Looking at the 10 minutes chart, on the upside, immediate resistances are located at 12,92 and 13.25 levels. On the downside, immediate supports are seen at 10,22 and 9. Keep in mind, this is a stock extremely volatile with huge swings.

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TOP SHIPS Inc (NASDAQ:TOPS) in the same sector also saw a big move yesterday, as its shares jumped more than 67% on the day, amid huge volumes. If it holds the 69c level, then it could validate a test of $1 mark again. Only a close below this level is bearish.

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DryShips Inc. (NASDAQ:DRYS) seems to have reversed from its short-term downtrend and could be starting a new uptrend. It broke the flag formation on heavy volume, thus confirming its trend reversal. Could be more gains ahead for stock.

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Shares of OncoSec Medical Inc (NASDAQ:ONCS) are moving upwards under heavy accumulation and the stock closed above its weekly EMA50-Day for the first time in years. Plus, MACD is also crossing both its signal line and the zero line, which can be an early signal of a new upward move. So, look for ONCS to continue pushing upwards.

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.


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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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