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Saturday, April 21, 2018 

Ten trade ideas for next week

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China Auto Logistics Inc (NASDAQ: CALI) had a very good rally on Friday accompanied with large volume. This is one seems to be turning around again and is slowly starting a positive upward trend. Some key technical daily indicators are confirming the recent positive movement. The positive MACD divergence on the daily chart usually means that an upward movement is coming. Looks like it is gonna squeeze some shorts to me. There is a short-term upward potential of up to $4-4.3 based on the resistance line connecting the previous peaks. Definitely on watch.

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General Electric Company (NYSE: GE) is catching the attention of market players again after the earnings report. The stock was very active as it closed up $.55 on 2x normal daily volume. It might face a period of sideways action while it consolidates the gains booked in the last sessions. Resistance is now located at $15.1 but if the stock can push up into the $15.4's, I feel it could retest $15.67 or above. Chart looks bullish.

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Advanced Micro Devices, Inc. (NASDAQ: AMD) broke down its rising wedge last week on increased volume and selling pressure, making a move to next support in the $9.5 area likely.

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I have Net Element Inc (NASDAQ: NETE) on my watchlist once again. It may be ready to break out of this long down trendline. Bullish MACD cross on daily. Friday’s high was $9.01, which is resistance for the continuation move on Monday. There is a lot of upside in this trade, so keep the stock on your screen next week.

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SAExploration Holdings Inc (NASDAQ: SAEX) thin name with a good looking chart. The stock broke resistance but closed below, volume starting to expand. Keep an eye on it to break Friday’s highs.

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CHF Solutions Inc (NASDAQ: CHFS) traded down over the last trading sessions but not enough to make me stop watching. The volume was relatively weak compared with recent sessions when prices rose, which means traders are not betting on the downside. If the stock can break through the 50-day EMA we should see heavy buying come and it will be a great buy here.

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Sky Solar Holdings Ltd (NASDAQ: SKYS) Price should become explosive if this chart pattern is broken to the upside with volume. I want to go long this stock on a move above $1.35 for a day trade.

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Eleven Biotherapeutics Inc (NASDAQ: EBIO) broke out from its sideways consolidation on Friday with a 17% rally and a close over resistance at $1.84. Keep this one on your radar over the next week.

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Associated Banc Corp (NYSE: ASB) Momentum has turned bullish, and a break above resistance at 27.2 would open the door for a rally to 30.

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Cleveland-Cliffs Inc (NYSE: CLF) is an eye catcher for its large volume and long spread on the last trading sessions. Potential swing long above 8.17

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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