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

Chart setups for the coming week

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

( click to enlarge )

The daily chart illustrates how Allied Healthcare Products Inc (NASDAQ:AHPI) recently broke out of a large falling wedge pattern on strong price action and volume accumulation, elevating the price above the 50-day Exponential Moving Average and the 20-day EMA. Yesterday corrective pullback printed an inside bar candlestick on low volume which most often precedes another strong movement. Inside bars show a period of consolidation in a stock or index. A daily chart inside bar will look like a triangle on a 1h or 30m chart time frame. They often form following a strong move in a stock/index as it pauses to consolidate before making its next move up in this particular case. This company manufactures a variety of respiratory care devices, medical gas construction equipment, and emergency medical products for use in hospitals and home health care. Combining the recent price action with the spread of Covid again at a fast pace and the HUGE demand for medical products, this stock should resume the upside move next week for a possible run to next major resistance at $10. AHPI will move quickly, so keep it on your screen on Monday.
( click to enlarge )

Valero Energy Corporation (NYSE:VLO) has been forming a bull flag chart pattern  since the big push up it had on Monday. The break and close above gives the buyers the confirmation. The technical daily indicators are looking bullish. The MACD is above its signal line in positive territory and the daily RSI is above its 65% level. Long setup on watch.
( click to enlarge )

Ocean Power Technologies Inc (NASDAQ:OPTT) stalking. I’d like to see this close over 1.75 before getting involved.
( click to enlarge )

Nio Inc – ADR (NYSE:NIO) has been forming a possible ascending broadening wedge pattern (bearish chart pattern) on the hourly chart, a setup that indicates increasing volatility in a stock. An ascending broadening wedge doesn’t mark the exhaustion of the present buying pressure, but the sellers ambition to take control of the stock. Only breaking below the lower line of the pattern would be a good confirmation for the signal. Bulls need to hold the $40 level to expect further growth and avoid another sell-off.
( click to enlarge )

Westwater Resources Inc (NASDAQ:WWR) still watching it, especially after Friday’s price action and decent volume. Like it above 4.59
( click to enlarge )

Phunware Inc (NASDAQ:PHUN) Investors hate this company due to its dilution history, but what they don’t see is the stock could be poised for a possible turnaround. There is Bullish divergence, because the price is falling, while MACD is making higher lows and the supply is decreasing as time goes on. I have been accumulating this stock at current levels, lets see if i’m right again. Keep in mind, trading and investing both involve seeking profit in the stock market, but they pursue that goal in different ways. Trading is the skill of taking calculated risks when the probabilities are in our favour and by looking at the chart this seems to be the case. I see the stock on verge of breaking up out of this compression. My long-term indicators have signaled buy with bullish divergences, thus we can expect a rally to test the 80c resistance level soon. Keep it simple !!
( click to enlarge )

I think Sphere 3D Corp (NASDAQ:ANY) has found support around the $1.25-$1.30 range and looks poised to post a bounce from here. I could see a 25-35% possible bounce up to $1.80 – $2 a share if it can get past the resistance at $1.40. Its 52 week high is over $5 Watch the break of the upper line (1.40) of this descending channel for a strong move to the upside. MACD is finally crossing up and RSI is also turning back up, so momentum is yet to come.
( click to enlarge )

Precipio Inc (NASDAQ:PRPO) volume has dissipated and the share price per share has stabilized while indicators are turning up. Investors are awaiting more company news to decide if this stock is worthy of more accumulation. Honestly, I think now is the time to be getting into it ahead of any new positive developments. A break of the 2.22 level would be the impetus for a more explosive move higher. On watch.
( click to enlarge )

China Recycling Energy Corporation Common Stock (NASDAQ:CREG) printed a strong reversal candle on solid volume. If the stock can break Friday’s high, I think we will rally back to the $5 level.
( click to enlarge )

Fisker Inc. (NYSE:FSR) broke out of an important consolidation area with a long white candlestick on Friday. Will watch to see if it can break this horizontal resistance line. You really have to like the way this stock has been trading.
Trade Ideas software helps traders find the best setups in the market right now. There’s still one more week to enjoy ALL ACCESS to TradeIdeas for only $8.99 If you’ve ever been curious about one of my favorite trading tools, there’s never been a better opportunity to take advantage of this offer. 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.



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


    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

    Load more ...




    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.