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Sunday, September 26, 2021 

A Few names on TOP of my watchlist for the coming week

 

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Camber Energy Inc (NYSEAMERICAN:CEI) broke through resistance and out of a small bullish flag formation last week. The technical daily chart above shows very strong upward momentum as the stock is above all the major moving averages with both 50-day EMA and 200-day exp moving averages going up. All indicators still point to a bull market. The next level to watch is Friday's high of 2.29, followed by 2.80. Support awaits at 1.81, a low point on Friday, followed by 1.70, which provided support on Thursday (EMA50). With the trend still up the bias is to the upside.

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The stock has been in a tremendous tailspin the last two weeks. TMC the metals company Inc (NASDAQ:TMC) has seen a bevy of selling bring the stock to fresh new lows for the year and created the opportunity of a potential big short squeeze in the coming days due to its high rate of short interest relative to its float. It was over $15 on Sept 13th and closed on Friday at $5.11. We could see a sharp rally out of these extreme oversold conditions. 

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I think Novan Inc (NASDAQ:NOVN) will post a sharp rally from current levels. This was a $20 stock in June and at $8.14, in my opinion, there is a compelling risk/reward scenario. The risk is the stock continues to fall, the reward is a swift 30-50% type move for this oversold stock. Analysts price targets are very high compared to current prices.

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Comstock Mining Inc (NYSEAMERICAN:LODE) remains one to watch. I think this stock will explode if positive news hits the wires. Investors are waiting for some kind of partnership with Tesla in Nevada (LiNiCo is located next to the Tesla gigafactory). From a technical standpoint, it is showing signs of bottoming out on the charts along with the MACD giving positive signals.

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Minerva Neurosciences Inc (NASDAQ:NERV) broke out and never stopped on Friday. There is a good chance the stock will continue to move up. We saw some unusual call options activity today Oct $2.5

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Tesla, Inc. (NASDAQ:TSLA) closed strong above the $770 area for the first time since April. This momentum could push this stock much higher from here. Next resistance is now seen at $780.79

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On the radar. Naked Brand Group Ltd (NASDAQ:NAKD) gave us a nice move last week, which could be the start of a bigger move. If the stock can break through the 77c price level, we should see a strong follow through move. Keep watching the stock.

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Resonant Inc (NASDAQ:RESN) is a potential breakout play. Momentum picking up with MACD climbing and RSI rising. Breakout watch over $2.94

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Blackberry (NYSE:BB) The stock pulled back on Friday after they reported recent results last week and provides an opportunity to invest at a better valuation. It should resume the upside move next week for a possible run to test the recent highs at 12

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.

AC

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  • I'm a 47 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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