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Sunday, September 23, 2018 

Here are some technical charts to watch next week

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Marinus Pharmaceuticals Inc (NASDAQ: MRNS) broke through that critical 8.25 level yesterday on heavy volume. There is a high probability for a trend continuation in the next sessions, as the stock could test the next key resistance level in the 9.5 area.

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TOP SHIPS Inc (NASDAQ: TOPS) broke and closed above its declining EMA50 for the first time in months accompanied by high volume. I expect a continuation of the rally's momentum next week, targeting the 1.5 level. If a new breakout occurs, next resistance is in the 1.87 area, my target (alerted on twitter around the 97c level last week as a potential bottom play).

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Shares of DryShips Inc. (NASDAQ: DRYS) are starting to heat up again and are worth watching. The stock broke out last week of a large descending channel formation. This technical move is very significant and could be marking a new trend higher that is still in the early stages of development. I expect continuation of current momentum in the next few trading days toward the 6-6.25 area.

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Second Sight Medical Products Inc (NASDAQ: EYES) Good looking technical chart and insiders are buying a lot of shares at current levels. They must know something positive about the company. Keep it on watch. Im accumulating on any dip.

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CTI BioPharma Corp (NASDAQ: CTIC) is a stock that deserves some attention over the coming sessions, for a potential reversal. I see CTIC on verge of breaking up out of this small compression. My daily indicators have signaled buy with bullish divergences, thus we can expect stock to get above the 2.16 level sometime next week. Plus, unusual call swepers were detected last week.

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The possible reversal move in Oragenics Inc (NYSEAMERICAN: OGEN) shares was something that I tweeted last week before the crowd. If you were following my twitter account you would have gotten the tweet when the stock was trading around 45c. It ended the session on Friday at $.72, gaining nearly 46%. If you jumped in and booked your profits, congratulations! I sold just half of my position to protect some profits (i'm just managing the risk) because of the data that will be published on Monday. Note: Technically the stock looks really bullish now.

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Tilray stock (NASDAQ: TLRY) continued to cool off Friday after a massive short squeeze on Wednesday, that for sure, cleared out a lot of shorts positions. The pullback was to be expected after the massive rally, but the price needs to hold now above the key $120 level for the bullish sentiment to persist. If it fails to hold above that level, it could then fall to $97. I continue to see the hourly chart as one of the best time-frames to follow this stock.

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Sounds like BlackBerry Ltd (NYSE: BB) is gaining some momentum again. The stock has made a strong bounce off of the recent lows that were posted earlier in the month with high volume. The technical daily chart shows possible new rally as MACD fast line is back above MACD slow line, while the RSI is also gaining strength. If a proper breakout happens at 10.45 we can see a short-term target of $11.04 Note: Earnings on Friday Before the openning bell. Im a long term investor in this one. My price average remains at 8.85

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Advanced Micro Devices, Inc. (NASDAQ: AMD) At this point, nobody can predict if this is the start of a major correction or just a pause before the previous price action resumes. MACD is flashing a sell signal but the stock continues holding nicely the $30 mark. As long as it stays above this key support level, it confirms that the bulls are in control.

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The above technical daily chart shows that Rambus Inc. (NASDAQ: RMBS) is all set to break out of this large falling wedge anytime next month. Short-term technical indicators are improving and the MACD on the daily chart is about to cross up. I'm a buyer of RMBS once it breaks $11.5 for a possible breakout move. RMBS could have good upside potential, so watch the stock closely next week.

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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