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Saturday, February 01, 2020 

Stocks to watch for the coming week, including coronavirus plays

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Co-Diagnostics, Inc. (CODX) surged 20.7% or 56 cents to $3.26 after the company announced yesterday the successful initial verification of its screening test designed to identify the presence of the novel coronavirus and the test will soon be ready for validation in and subsequent distribution to any appropriate venue across the globe. The technical indicators still indicate a bullish tone in short-term. The major support level is located at $2.6 and the resistance is still at $3.60 Above this key level, stock has resistances at 3.77 (January 2019 high) followed by 6.66 (2018 Highs).

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BOQI International Medical Inc (NASDAQ:BIMI) finally broke the trading range it had been into from many weeks on the upside and managed to closed above it which is a positive sign for stock. The next major resistance stays at $5.70 Daily technical indicators are turning bullish. MACD is rising above its signal line in positive territory and RSI has reached its overbought zone. Buyable on a pullback ot its pivot zone.

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ShiftPixy Inc (NASDAQ:PIXY) Do you remember this stock? The same i mentioned (Stocks to Watch for December 19, 2019) as a potential bottom play few days before the big run to $27.5 now what? The stock is back to its prior levels and i started buying again. The bounce off the recent sell-off lows $7.50 could potentially be the start of an even higher move. I think this bodes well for another big bounce from current levels. First target $12

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CounterPath, Corp. (NASDAQ:CPAH) nice pullback on very low volume yesterday while MACD continues displaying a positive divergence. Added some for next leg up. Keep in mind, The company has partnered recently with Honeywell to create Smart Talk (the software solution enables workers to improve collaboration in several places including Hospitals). With more countries suspending travel to and from China due to the coronavirus problem, these stocks should be definitely in your radar screen next week. With nearly 20 years of experience, CounterPath is an industry leader in VoIP applications and has more than 20 million activations worldwide. From a technical standpoint, daily technical indicators have corrected oversold conditions, and are turning bullish now displaying positive divergences. With almost 15% of the float short, positive divergences, a basing chart pattern and a potential hot sector, these are the ingredients for a short squeeze.

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Novavax, Inc. (NASDAQ:NVAX) is getting ready for a breakout of the upper line of the large bull flag. Buy point would be on the day it blows through $8 on heavy volume.

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Cleveland BioLabs, Inc. (NASDAQ:CBLI) rallied hard Friday on heavy volume. If it clears back over 4.65, may have some good upside. SL 3.32

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Seneca Biopharma Inc (NASDAQ:SNCA) I have been following this stock for a few days now and surprisingly it showed some strength yesterday on volume in a depressed market. On the momentum front I'm seeing some positive divergences in several key momentum indicators, but this are not confirmed yet, as prices have not shown a confirmed reversal. Momentum oscillators are neutral to positive. The stock needs to break Friday’s high of $1.22 to expect a strong rally at this point. This stock was trading over $4 a share two weeks ago. Im long.

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Genprex Inc (NASDAQ:GNPX) is starting to make a move to break through the top of its range. This is a good stock to watch and once it breaks through $2 on a close basis the stock should move.

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Give Microbot Medical Inc (NASDAQ:MBOT) a close watch for a big bounce. Notice how the MACD on daily chart is starting to curl up, the grey histogram bars are starting to turn back to zero, showing that the recent downtrend is changing in the opposite direction. Plus, the stock has reached a major support level, where it bottomed out several times before. This low float could see a big bounce in the coming sessions.

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Ibio Inc (NYSEAMERICAN:IBIO) wait for the break of the box. An upside break of the trading range would signal a continuation of the rally from the November lows. Breakout watch over 34c

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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