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Viveve Medical Inc (NASDAQ:VIVE) deserves some eyes tomorrow after the weekend tweet from Michael Coudrey “Investment management firm CRG just thwarted my undisclosed takeover bid of medical devices company $VIVE by purchasing a 67% majority stake as part of a financing deal for the company. Along with a few other firms, they now control 90% of all outstanding share”. Tuesday could be a very interesting day for VIVE There are not many shares left to go around now. We’ve all seen how high a stock can go when the entire float is accounted for. It looks like investors are accumulating at these prices in anticipation of a nice rally in shares. That rally could get going this week. We should find out just how high VIVE will go. Could this be the next TRIL? The chance is there. VIVE is a stock worth watching on Tuesday. Could squeeze over 1.56 EMA50.
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Synlogic Inc (NASDAQ:SYBX) is quickly approaching the apex of a big symmetrical triangle pattern that has been forming for the past few weeks. It is also visible a positive divergence on 4h MACD, which could be an indication of a potential breakout to the upside. It could be time for this $2.4 stock to take off in a big way. Add it to your watchlist.
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Artelo Biosciences Inc (NASDAQ:ARTL) The stock seems to have bottomed out and there are strong possible buy signals that could indicate a reversal. On Friday O’Brien Peter Michael has filed Form SC 13G with SEC, reporting 10.07% Ownership. I think this stock offers a great opportunity and will be gaining momentum soon.
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Genprex Inc (NASDAQ:GNPX) continues to impress me and investors who are short the stock are feeling the pain. Watch the break of this flag formation for further gains. As long as the support holds at 3.8 the newly established upward trend is intact.
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Westwater Resources Inc (NASDAQ:WWR) increased my position last week for this week conference call. Company will provide updates on its graphite, lithium and uranium businesses. As I always say, history tends to repeat itslelf, lets see if we could see another spike to +$9 From a technical standpoint, the stock closed last week above the major downtrend resistance line. I would look for a continuation tomorrow if the stock can break and hold above the 100EMA average. Next resistance in the $3.25 price level.
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Virgin Galactic Holdings Inc Class A (NYSE:SPCE) closed on Friday gaining more than 21% to a new historic mark for stock at $28.68, near the highs of the day at $28.79. The stock has been one of the most amazing runs since December 2019. Looking at the daily chart the investor sentiment in SPCE stock showed by RSI continues strong and MACD still going up. As long as the uptrend line on 30m chart holds, the strong uptrend remains intact. I recommend using tight stops on this stock.
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.
AC
Source:
http://ac-investor.blogspot.com/2020/02/trade-ideas-for-tuesday-18-february-2020.html
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