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BioNano Genomics Inc (NASDAQ:BNGO) has been in a monster move to the upside closing higher in five of the last six trading days. This stock is very overbought, but this market has proven overbought can stay overbought for a long period. The EMA9 on the 30 minutes chart (yellow line) has been a good support for BNGO's stock price since it crossed the 80c zone. The short-term outlook is bullish as long it stays above the uptrend line. As i said previously, GENE is a good symp play to watch next week while it stays cheap.
Check the 30-m technical chart
Marathon Patent Group Inc (NASDAQ:MARA) has held nicely above its $10.40 support line on a close basis over the last two weeks. The continued relative strength of Bitcoin could accelerate the bounce move on MARA next week.
Technical Chart
I re-entered last week on Fubotv Inc (NYSE:FUBO) around 44.35 for another swing trade. Short term momentum hit extremely oversold on Thursday, with a very slight positive divergence. Watch out for a cross above the $45 horizontal line to go long targeting the Gap zone abv $50. I respect what analysts say but the charts are my guide. I heard a lot of downgrades and short theories regarding BLNK valuation around $22 levels and take a look at the stock now....same happened with Tesla and Amazon. If you are a chartist like me, this is a pretty simple chart to read. You should be able to just look at it and make a determination as to whether it's a trade or not, given the indicators available. The time will tell us if I was wrong or not. I have no problem admitting I made a wrong call.
http://ac-investor.blogspot.com/2020/12/my-trade-ideas-special-edition-for-last.html
TLRY is on the list Good looking chart setups to watch next week
TLRY is on the list.Enjoy the reading.
Stocks on my top watchlist for potential swing trades next week
Very good consolidation in an ascending triangle pattern while volume is declining. This pattern within an uptrend suggests it should breakout to the upside, but a downside break is always possible. It is best to wait for these patterns to trigger before making a commitment. On watch.
Chart
XOMA Corp (NASDAQ:XOMA) was one of the big winners on Thursday with a trading volume of 17M shares. Xoma reported that has entered into an exclusive license agreement with Novartis to develop and commercialize its cancer-fighting antibody program. The company will receive an upfront payment of $37 million and could receive up to $480 million in milestone payments. From a technical standpoint, broke out of a base pattern in heavy volume, finishing with a 43% gain. Other technical indicator such as MACD, is moving up showing positive momentum while RSI also show buy signal. Wall Street analysts are reacting positively to the announcement, increasing their price targets on the stock. The stock could eventually rally up to test the 1.50 resistance zone very soon.
Stocks to Watch for October 02, 2015
GPRO is on the list ....
Seven stocks that deserve your attention next week
GoPro Inc (NASDAQ:GPRO) is extremely oversold and ready for a technical rise IMO. It is hilarious how much this stock has fallen without a justified reason. What makes the stock compelling is that PEG is now at 0.87, which means the company is undervalued compared to its growth rate. I'll be watching this stock closely for an entry point. We could see a huge bounce next week.
The area comprehended between $9.8 and $10 represents a heavy resistance for shares of Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA). A close above this key resistance area would have positive implications and could drive the stock much higher. Keep the stock on your radar.
Full article
Chesapeake Energy Corporation (NYSE:CHK) was added to my watchlist as a possible bottom bounce-play. The technical chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. The Relative Strenght Index has reversed the course and stock finally closed above the $14 level, a Bullish signal. In addition, the daily MACD is starting to curl up, suggesting that a positive crossover could be coming soon. I would look for a move up to $16.30 resistance soon.
Full article: Stocks to keep an eye on March 19
The stock went as high as $1.06 before closing the day at $1, up more than 3 percent on solid volume. From the technical daily chart above we can see that the stock is on a bull market as the stock is trading above all EMAs and MACD is above Zero line. Given the strength that we saw yesterday, it seems to me that the correction is nearing an end and the uptrend is about to resume. The stock may go up to 1.4 or more if it breaks next week the resistance at 1.08. I went long with a stop located at located at 86c (20EMA).
Full article : Stocks to keep an eye on March 2
VirnetXHolding Corporation (NYSEMKT:VHC) Could see a huge potential breakout before the end of the Year ! The stock soared 19% on heavy volume on Friday, after the company said it will receive $23 million from Microsoft Corp. Under the terms of the agreement, Microsoft will pay $23 million to VirnetX to settle the dispute and to expand Microsoft's existing license on VirnetX patents. The new licence is great news. From a technical standpoint, the stock shows a promising chart that could be ready for another up-spike next week. The chart shows that $6 looks to be the next resistance level. If the stock breaks through that we could see some major gains by the end of the year. The stock is also trading a discount to its 200 EMA. This sets up the play for action as its undervalued status is another huge catalyst. The stock was on my radar screen on Thursday and I published on blog the alert. VHC should be on your radars now.
Stocks to Watch for December 22
Shares of Vringo Inc. (VRNG) soared 11.42% or 10 cents to 0.972 per share on Friday after winning the first of a series of patent lawsuits against ZTE Corp. The stock broke out of a descending channel on heavy volume and from a technical standpoint, buy on dips might be better unless the stock drops below 87 cents. If the stock continues to climb and breaks above 1.14, look for 1.25, 1.48 and 2.12. Support to the downside can be found at 87c, 84c and 75c.
Stocks to Watch for December 01
Sees Possible Gains of 200%... Keep Watching !
Shares of OXiGENE Inc (NASDAQ:OXGN) surged 12.50% or 22 cents to $1.98 per share Friday on massive volume, after Genentech announced FDA approval of bevacizumab (Avastin®) in combination with chemotherapy for treating platinum-resistant. In addition, after market close MLV Reiterated "BUY" rating on Oxigene in light of FDA Approval Of Genentech’s Bevacizumab, with a Price target of $6.50 (+200% premium CLICK HERE. The technical daily chart above shows possible new rally as %K line has crossed on top over %D line while RSI is still at oversold level. A/D line also turned up, which shows the stock is being accumulated. Not only the news and rating the following analysis show why this could be a great time to buy the stock. I would not be surprised to see OXGN return to near $2.70 next week IMO.
Full article: Stocks to Watch for November 17, 2014
BlackBerry CEO John Chen: $15 per share for Blackberry "WAY UNDERVALUED " Check this out :
WAY UNDERVALUED
OGXI is on high alert this morning.
OGXI ready to fly
Analyst Larry Oakley Initiates Coverage of Lithium Exploration Group With Strong Buy
"My relatively short term price target is
$2.00. If one looks ahead at a combination of some of the company’s capabilities, I see the possibility of a
long-term upward move to over $20 per share. This is one that you should carefully look into.
"
http://wallstreetcorner.com/situations/web-LEXG.pdf
A Beaten-Down Biotech Stock Poised for an Epic Short Squeeze
http://www.thestreet.com/story/12747661/1/a-beaten-down-biotech-stock-poised-for-an-epic-short-squeeze.html
Twitter Inc (NYSE:TWTR) made a lifetime high of 74.73 in December of last year and then faced a sharp decline up to the 30 levels where the stock made a double bottom. TWTR then resumed its upward rally forming higher tops and higher bottoms on the daily charts. The stock is currently trading near the 50-day exponential moving average that is at 37.62 and can act as a strong resistance.
Stocks to Watch for June 16, 2014
Lithium Exploration Group Inc (OTCMKTS:LEXG) broke out from a sidewards movement with huge volume, creating a significant amount of bullish potential. On the technical side, MACD and ADX all point to upward trend while RSI is also rising but hasn't yet reached overbought level. The stock broke through its 100-day EMA and should continue to move. LEXG has a lot of upside potential, so watch it closely on Thursday.
Stocks to Watch for May 22, 2014
the stock has been consolidating in the last five sessions above its 50-day EMA and looks like it could be getting ready to make another move. There is still a possibility for a flag breakout with a target price of around 20.
Full article: Stocks to Watch for May 05, 2014
looks ready to breakout after all their recent announcements. The stock has been picked up by some big firms and looks to make yesterdays rally much more powerful. Blackwood Capital Management has 900,000 shares or 5.4 percent of the stock and Lane Five Capital Management said recently that it acquired 500,000 additional shares, bringing its total investment to almost 1.25M shares or 7.5% of all shares outstanding. With a limited amount of shares available in the float (15M outstanding) and 88% owned by institutions, the short interest of 3,184,900 million shares is a high percentage of the float, nearly 20%. As a result, a possible short squeeze is also likely and could the stock up quickly through resistance, which might create a panic buying situation among traders. I feel that the stock is set up to make a bullish move today, don’t miss out. Stop 86c.
Full article : Stocks to Watch for April 25, 2014
With Friay’s break out movement above 9 on decent volume, the minor downtrend is over. A break higher above the recent highs (9.15) would help the stock move to the $9.7-$9.85 area. Momentum indicators are turning up, a positive sign.
Stocks to Watch for February 18, 2014
VIEW CONTENT - Watch for possible gapper on Monday.
Report of Favorable Court Ruling on Supplemental Damages in Google Case
Shares of Vringo (NASDAQ: VRNG) surged 7.22% on Friday to 3.12 after a court in Virginia ruled in its favor against Google, AOL Inc. and others . On the technical side, the chart above now shows more positive sign, as the stock price is now back to uptrend with %K line rising on top over %D line and MACD shows a bullish cross. This could be probably a good time, to start accumulating the stock.
Stocks to Watch for January 6, 2014
After its remarkable rally in the past few weeks, First Solar, Inc. (NASDAQ:FSLR) remains on an upward track, relieving the overbought conditions. The next buy point, is when it clears $66 on volume with a stop-loss near the 9-day ema.
Stocks to Watch for November 18, 2013
Vringo, Inc. (NASDAQ:VRNG) A break of 2.83 should spike it to the 50-day exp moving average at $2.96. I will be watching very closely for news or unusual volume. The technical chart shows some signs of a possible bounce here due to the positive divergences (MACD, RSI, OBV) which often leads to short covering. The stock looks like it wants to run.
Stocks to Watch for October 21, 2013
Vringo, Inc. (NASDAQ:VRNG) has held support at the 3.08 level and is displaying a screaming buy divergence on the upside. A close above 3.19 will impart bullishness and will help the stock move to the 3.35-3.4 area.
Stocks to Watch for September 20, 2013
The stock had a nice move today, closing the day at $3.14 . VRNG seems to want to bounce from lows and the increased volume shows there were buyers in the stock. The short-term outlook for the stock appears positive. As you can see, the MACD is about to cross above its signal line and the RSI is gaining momentum. In addition, the stock closed again above the 200-day EMA, which is important technical news. There is a lot of upside potential in VRNG, so keep watching for the breakout move.
Stocks to Watch for September 18
Looking at the technical chart above, the stock is clearly in downtrend as it continues to trade below the major moving averages. There are no signs of a recovery in stock price. At the present moment, there is a risk of a drop. Stop-loss for long positions may be placed at 6.64. On the upside, a close above 7.16 would impart bullish momentum.
Stocks to Watch for August 29, 2013
The sentiment on the stock remains weak.
Still ugly. I will not touch this one long until it's back over the 50-day EMA. The next selloff should break support at 35.4
Stocks to Watch for August 9, 2013
InterDigital, Inc. (NASDAQ:IDCC) looks done IMHO from a technical standpoint, probably a good stock to short on any pops. The technical dail chart above now shows bearish sign as the 50-day exp moving average has crossed below 200-day exp moving average to form Death Cross, a strong sell signal. In addition, other technical indicators such as RSI and ADX also show weak signal as RSI is below 50%level and +DI line is below -DI line. Next major support lies at 35.41
Stocks to Watch for August 6, 2013
Rambus Inc. (NASDAQ:RMBS) has an interesting technical chart. After breaking hard in May, it formed a bull flag, broke out and is now in a pullback mode. Unless the level of 8.32 (EMA20) breaks on a closing basis, the price can retest the highs around 9.
Stocks to Watch for June 24, 2013
Peter Misek on BNN - BUY $24 price Target
http://watch.bnn.ca/#clip946750
Shares of BlackBerry surged 6.49% or 88 cents to $14.44 per share after being upgraded by Societe Generale this morning from Sell to Buy. Societe Generale's Andy Perkins raised its 2013 earnings estimate to 85 cents from 71 cents, and raised his price target to $17 from $13. BBRY could make a huge comeback and resume its move to test the 52-week high IMHO !! Many of the shorters are still at a loss and will eventually cover soon. This massive cover could happen after the earnings report as over 171M shares were shorted since May 31. The technical chart shows possible new rally as %K line has crossed on top over %D line and the daily MACD also crossed above signal line. Moreover, the long term trend remains bullish, as the stock is on top of 200-day exp moving average. Put BBRY on your radar now !
Stocks to Watch for June 14, 2013
Shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) made a solid 7.7% rally on today's trading session, breaking out the downtrend line that has formed since February on heavy volume. The uptrend is strong based upon the MACD reading and the accumulation/distribution indicator marked an increase in accumulation. Look for a quick run to $9.57 then $10
Stocks to Watch for May 29, 2013
As of May 15th almost 36% of the float is short ( short interest increased to about 170.6 Million shares, compared with 164.6 Million shares as of April 30 ). Considering the stock has fallen since that date, its definitely safe to say there are many more shorts in this stock then 2 weeks ago, which begs to question, when they will cover ? They are betting on more downside, but at this point the probability of a short squeeze is very high. From a technical standpoint, the medium-term daily chart remains bullish, the stock is trading below its 20-day and 50-day EMAs but well above its rising 200-day EMA. The medium-term bull market is intact, despite being in a bear market in the short-term. Like I've said any major positive news could lead to a major short squeeze.
A few stocks to watch next week
Broke the 50-exponential moving average on low volumes, but holding the 14.5 support area. This could encourage some short covering or attract fresh buying, since the main trend is up. I am still holding my long position. I love the high short interest in this one, mainly when the company is gaining traction. It seems almost everyone is shorting. Let's just wait and see what happens. Keep an eye on how it acts next week.
Stocks to Watch for May 20, 2013
Technical opinion !!!
This technical chart looks bullish and definitely is confirming my bullish sentiment. The stock closed the week above all moving averages, indicating more buying ahead. Daily technical indicators also are turning bullish, which means a test of the recent top at 16.82 is a possibility. The MACD is rising above its signal line and about to enter positive territory. In additon, the RSI has moved above the 50 mark and ADX shows a bullish signal.
Top stock picks for next week
Selfridges sells out BlackBerry Q10 in 90 minutes - http://t.crackberry.com/selfridges-sells-out-blackberry-q10-90-minutes
With a heavy short interest, +33% of its float, this could be the start of a squeeze/bigger move IMO. The stock surged for the fourth straight day by adding 3.98% or 57 cents to $14.9 per share. Momentum indicators are bullish now with RSI inching away above the middle level and with MACD crossing above signal line. Price is expected to at least rally the next resistance at $16 and even go higher to test the next resistance level at $17.22. I'm really bullish on this stock.
Stocks to Watch for April 25, 2013
InterDigital, Inc. (NASDAQ:IDCC) closed below its 200-day exponencial moving average at $40.45 again. Generally, this is a bearish indication. Only a close above this key level would suggest recovery.
9 Technical Setups for the Week Ahead
It was alerted last week. Rambus Inc. (NASDAQ:RMBS) soared to new highs today as the stock continues to see strong buying pressure. Looking at the technical chart above the stock is trading above all of three major moving averages. Plus, the MACD is positive and rising. Nevertheless, there is a need for some profit-taking for some consolidation from these high levels. For those who did not have a chance to buy the stock, any pull back is your buying opportunity.
Technical Setups for the week ahead