Potential nice swing trade Ideas for the coming week
Saturday, April 25, 2020 14:04
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Dearest readers, followers and friends,
My Twitter profile has been cloned over the past weeks/months by imposters that duplicated exactly all my tweets, image and purchasing followers to be popular in the eyes of newbie investors.
I would take this opportunity to inform you once again that i have just:
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Everything that you find on the internet that does not match these metrics are not mine and please report to Twitter. Together we can win this fight or minimize their strength. Thanks all so much….I’ve received over 100 emails in the past week, sorry for the delay of reply, im doing my best but I don’t have time to answer everybody’s questions about trading or anything else.
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Moderna Inc (NASDAQ:MRNA) yesterday broke out of a bullish pennant formation that has been a pause in its steep, more than 45% up move in April. A break of 51.84 would confirm the continuation of the trend and should lead next to a target zone of 59-60 Moreover, the MACD Hist is also confirming this upward bias by providing a bullish divergence. Long setup.
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Inovio Pharmaceuticals Inc (NASDAQ:INO) has been in a steep rise ever since it breached resistance of 9.32 on strong volume accumulation. Though this upside move is a bit extended especially if we look at the daily RSI, it is important to keep in mind that overbought conditions do not necessarily mean bearish, but merely implies that a stock has risen too far too fast and might be due for a pullback. However, also would like to point out that I see no strong resistances till $19 level mark. Definitely on watch next week.
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NovaBay Pharmaceuticals, Inc. (NYSEAMERICAN:NBY) is looking good to me. Im very pleased about how the stock has pulled back to its major support zone after its large move in the middle of this month. For the coming week, a breakout above the 99c level would signal the start of a new uptrend that could potentially test the recent highs around the $1.20 area. You do not need much digging to see that the stock has very strong bounce potential here. On watch.
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The strong move in Microbot Medical Inc (NASDAQ:MBOT) shares was something that I predicted and tweeted the potential breakout on Thursday. If you were following my official twitter/Stocktwits account you would have gotten the tweet when the stock was trading at 5.73. It ended the day at $9.20 on Friday, gaining nearly 47%. If you jumped in and booked your profits, congratulations !!
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Zosano Pharma Corp (NASDAQ:ZSAN) is positioned for an upside breakout from a narrowing trading range. The stock has been consolidating the 65c/75c range for several days. An ideal entry would be just above resistance, which would confirm the breakout and continuation of the uptrend towards a target of 95c/1.02. However, on Friday i already took a long position on stock before it explodes higher. Technical’s are looking up as we see only minor resistance at 75c. Looks like this stock is poised for a strong breakout at any time now! On watch.
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BIO-key International, Inc. (NASDAQ:BKYI) made a strong upside reversal yesterday. We should be able to see some decent upside movement for the bulls here next week. A positive MACD cross has also occurred and RSI is moving up. Expect an initial run up to 99c with a break higher moving to the 1.2 zone.
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I bought the pullback in Polar Power Inc (NASDAQ:POLA) at 1.55 avg price. Next target to break is 1.65 and then we should move to 2 quickly.
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Toughbuilt Industries Inc (NASDAQ:TBLT) The accumulation on the chart is telling us people are buying and the selling is light. I would keep a close eye on this stock, as it could really break out from current levels. I think at some point soon this stock will break out hard to the upside to test once again the declining EMA100 now located at 2.04
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Synlogic Inc (NASDAQ:SYBX) had a strong day on Friday and broke through its resistance line on decent volume. The outlook is now bullish and the stock appears on course to move to the target zone of the 2.8-2.94 range.
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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iFresh Inc (NASDAQ:IFMK) is on the verge of really blowing up. I would not be surprised to see the stock test the $1.85 level at some point over the next few days. The daily technical chart sure shows a possible reversal in trend coming. Daily MACD is narrowing its trajectory to move towards positive crossover. On watch.
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/2020/04/potential-nice-swing-trade-ideas-for.html
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