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Saturday, April 18, 2020 

Top Swing Trade Ideas on my WL for the coming week

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Sigma Labs Inc. Common Stock (NASDAQ:SGLB) is a stock that could head higher from Friday's close. SGLB is in the process of bottoming and I expect a pop above $2.52 very soon. A breakout over this key resistance level with strong volume would send this flying targeting the pivot zone around $4 As i tweeted on Friday i took a long position. All key momentum indicators are starting to move north from oversold and MACD the more bullish as is ready to cross up zero and divergence. There looks to be good upside potential, so watch the stock very closely next week.

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Taronis Technologies Inc (NASDAQ:TRNX) Congratulations to those who took full advantage of Thursday’s pick, TRNX. It delivered nearly 75% potential gains and closed up near the day’s high on a monster volume. On Friday, the stock continued to trade up and traded all the way up to 50c before pulling back to close at 34c. Looking back, I see that I sold too early but my strategy/objective was met so I can't be greedy. We are taking about penny stocks when discipline and strategy needs to be combined. Penny stocks are risky, but if you know what you are doing, have the knowledge and expertise, and exercise caution when necessary as was the case, you stand to gain large return on relatively small investments, so a good strategy and discipline is needed to make sure you gain profits, thats it !! Technically, the stock seems to be forming a descending channel on the 4h chart, only a break and close above this channel, could endorse further bullish actions. Good luck, play smart with discipline.

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Astrotech Corporation (NASDAQ:ASTC) is starting to turn back up again after a healthy pullback and looks right on the verge of a strong breakout. If it breaks the 2.8 level on volume next week, the move could be powerful and the following uptrend will take price up to the recent highs around $4 Money flow remains positive which is bullish near term.

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Comstock Holding Companies Inc (NASDAQ:CHCI) has a very interesting daily technical chart as the stock looks to be ready for another upside move. All indicators are looking Bullish. Keep an eye for a possible breakout over 2.40 We all know how quickly this stock can move higher. I think we can see $2.80 rather quickly. I took a long position on Friday.

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Hepion Pharmaceuticals Inc (NASDAQ:HEPA) could have significant upside based on the recent CEO interview "People should pay attention to Hepion because this is a company that is truly undervalued".  On the technical side, the stock has been consolidating its big run from 1 to 2.86 in a large falling wedge formation. This is a bullish trend continuation chart pattern, indicating the continuation of an existing bullish trend after a small pause. The 1.35-1.4 area seems to be a strong support, so as long as the stock stays above that point there could be more upside ahead. If it does rally, I would look for it to at least rise back up to March highs around the $2.8 level.

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NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) is displaying a screaming buy divergence on the upside. A close above 88c will impart bullishness and will help the stock move to the $1.15 area.

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Boeing (NYSE:BA) Friday's action suggested that there is more room for the uptrend to grow on stock. Yesterday’s high was $154, which is resistance for the follow through move next week. If the stock does break resistance, expect to see another upside move. Short-term is bullish as the stock is now on top of its major short-term EMAs. So, keep an eye on it.

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Intelsat (NYSE:I) is in the process of bottoming and I expect a pop above $1.50 very soon. The option traders were active in this name buying a lot of calls (May $2).

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Ageagle Aerial Systems Inc (NYSEAMERICAN:UAVS) Im giving readers a stock that I have alerted in the past and had several times double digit gains in just one day. I rarely alert the same play more than once in a short period of time but UAVS is set up so perfectly for a big bounce that I cant resist. As you could see by the daily technical chart above, the stock has the potential to witness a significant uptick. Nearest resistance for the stock is at 60c If this level is crossed and the stock is able to sustain above this level, then it might go to 80c. Be sure to get it on your radars.

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Congratulations to those who took action on BIOC yesterday when i alerted at 39c on twitter. It performed AMAZING in the final hour to say the least. Stock needs to break the 48c level next week for a potential gap fill. To receive my FREE alerts before the crowd, follow me on Twitter.

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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