Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By AC Investor Blog (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Technical Chart Setups for the coming week

% of readers think this story is Fact. Add your two cents.


Dearest readers and followers, 
Before starting to share trade ideas for the coming week, I would like to inform you that this will be the last weekend post before my vacations that will start on August 1st and end on 28th of the same month. I will travel this summer to Algarve avoiding planes and everything that involves a lot of crowd interaction. It’s time to help the tourism of my country giving them some hope. If all of us do the same, we can minimize the impact of the current downturn. I will use the vacation time to spend some productive time with my family, relaxing, rejuvenating, and forget all about the stresses of work. I don’t believe that vacations are luxuries. They are our necessities just like anything else, make us feel happy, stress less, refreshed, energetic, helping us to explore the essence of living in peace and communion with those we love the most. If you also go on vacation, happy holiday to you. Enjoy your time like the flakes of snow, nothing is certain or solid in this world. 
Thank you for reading this blog that means so much to me. I get excited anytime any one of you leaves me a comment or just sends me an email sharing an experience. May God bless you and have a wonderful vacation.

( click to enlarge )

Party City Holdco Inc (NYSE:PRTY) is a candidate to be traded in breakout mode next week. The daily technical indicators are looking better for the stock with the MACD indicator above its sell signal line, +DI is on top (the trend is up) and RSI indicator moving up from the 50 level. Plus, upside volume is also picking up and a rounding bottom is taking shape. Keep an eye for a possible breakout over $1.59

( click to enlarge )

We are on the verge of a possible breakout in the shares of Vislink Technologies Inc (NASDAQ: VISL). The stock is finishing up its consolidation phase and the new bullish trend on my daily chart looks good. Volume was on the light side, but once the stock breaks out we will see an upturn in buying. Key resistance is now located at 75c, a break above this level will confirm the bullish trend and the following uptrend will take price up to $1 zone. From a technical standpoint, daily technical indicators are looking bullish. MACD is rising above its signal line in the positive zone and the RSI is rising above its 50% level.The 9-day and 13-day EMAs are in the process of forming a rounding bottom reversal pattern, and the stock has moved above it. VISL will move quickly, so keep it on your screen on Monday.

( click to enlarge )

Ageagle Aerial Systems Inc (NYSEAMERICAN:UAVS) Bull flag spotted on the daily chart, this is a bullish continuation pattern. The momentum clearly favors the bulls.

( click to enlarge )

Ocugen Inc (NASDAQ:OCGN) This penny stock deserves your attention going forward. A treatment of RHO gene mutation associated with retinal degenerative disease being developed by Ocugen was granted orphan designation by the FDA, according to a post to the agency’s website. No press release yet from the company which is not surprising, it usually takes some days. Once it goes live on their website we could see another spike in share price. Looking at the technical chart, it seems the stock broke the resistance area at 35c and has moved decisively to the upside. That’s a powerful sign that high prices are likely to continue. Long positions may be considered on price weakness, with a stop-loss at 30c. The next resistance it could encounter is at 50c. Once that level is breached, the next resistance could be the 70c area and then 83c. In addition, the CMF indicator is increasing, this clearly shows that smart money is moving into the stock. NOTE: OCGN is a penny stock, so play accordingly.

( click to enlarge )

Friday’s action in JAKKS Pacific, Inc. (NASDAQ:JAKK) confirms my opinion that the current bounce has legs. The stock finally broke the large falling wedge on large volume. The technical chart shows buyers are back. With the surge yesterday %K line is again on top over %D line showing the stock is back to a new rally. A move towards $7.9 can be expected as long as $6 holds.

( click to enlarge )

I have been following Riot Blockchain Inc (NASDAQ:RIOT) for a few days now and surprisingly it showed some strength in the final hour on Friday in a depressed market. On the momentum front, I’m seeing some positive divergences in several key momentum indicators, but this is not confirmed yet, as prices have not shown a confirmed reversal. The stock needs to break Thursday’s high of $2.45 to expect a strong rally at this point. I took a long position last week.

( click to enlarge )

Document Security Systems, Inc. (NYSEAMERICAN:DSS) has been forming an ascending triangle and it might soon break out. It needs to take out $8.15. The break of the resistance line with heavy volume should be the next buy point targeting the 9.8 zone.

( click to enlarge )

Urban One Inc Class A (NASDAQ:UONE) continues to form a base around the $14 as we get ready for another major move higher. A break of $16.50 with force might give the stock room to $20

( click to enlarge )

Capricor Therapeutics Inc (NASDAQ:CAPR) decisively broke the bull flag formation with a big bullish engulfing candle and might soon find itself in next resistance at the 8.60 area.

( click to enlarge )

Xenetic Biosciences Inc (NASDAQ:XBIO) Friday’s action in the share price leads me to believe that we may see a reversal trend at this level. To sustain this point of view, stock needs to sustain actual level in the days to come, so stay tuned to her. Next pivot 1.38

( click to enlarge )

Inpixon (NASDAQ:INPX) is in the process of bottoming and I expect a pop above $1.65 very soon. Technical indicators are looking Bullish with the RSI rising while the MACD is cutting above its signal line. With the spike in volume and momentum surging in Friday’s trading session, there is a high possibility that the stock price can appreciate even more in value during the coming sessions. Plus, the Microsoft rumors should be taken seriously “#ReturnToTheWorkplace initiative”. Keep it on your watch list going forward.

Trade Ideas is one of the Top Scanning Tools available that i use everyday. Click HERE 

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/2020/07/technical-chart-setups-for-coming-week.html



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Lion’s Mane Mushroom Nootropic

Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.


 


Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.


Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.


Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.


Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.


Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.