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My “Trade Ideas Special” edition for the last week of 2020

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Dearest Readers,

I hope you have had a great Christmas holiday and that you enjoyed the break. I want to thank you for all the kind messages you sent me over the past days. I do my best to read them all, even if I can’t respond to each one. It’s really nice to have your support. Thank you so much for 100000 followers on StockTwits and 82000 on Twitter, I never thought I’d hit that number so I’m super grateful !!!
2020 has been a successful year for the blog with some great wins for my readers. I look forward to another great year in 2021 with more amazing profit opportunities.
I personally wanted to wish everyone a Happy and Healthy New Year. Thank you for your support throughout 2020 and I look forward to sharing, meeting and working with more of you in 2021. Enjoy some great bubbly at midnight and please drink with responsibility. May you and your loved ones have a joyful 2021.
Here are some Trade ideas for the last week of the year.
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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.
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TD Holdings Inc (NASDAQ:GLG) compelling positive daily technical divergences remain in place. I’m looking for a run to $2.30. Technically, the short term outlook has turned better after holding well above the $1.60 level, underpinned by improving technical readings of its daily charts. Additionally, the chart shows a MACD crossover, a bullish sign. Patience will play a big role with this stock. Patience is difficult in this market but can also pay off handsomely.
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Oriental Culture Holding Ltd (NASDAQ:OCG) dropped from over $25 a share to $5.4′s in a few day’s time. This recent IPO stock is now oversold near its major support and we’ve all seen how quickly it can head higher when the buyers come. If you haven’t added this stock to your watch list, now is the time. This stock may be ripe for a bounce next week following the recent weakness.
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Marathon Patent Group Inc (NASDAQ:MARA) closed on Thursday at $10.92 a share and looks poised, at some point to rebound. Obviously, the short term trend is down right now, but finding the right spot to get in before the bounce can be a lucrative move. Looking at this hourly chart, what makes me think we are close to a bottom is the last four candles have seen lower volume (less selling), and less price range (stabilization). Plus, the stock has back tested successfully the broken yellow horizontal trend line resistance and is bouncing off of it. I think this bodes well for a bounce from current levels. Long setup on watch.
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Marin Software Inc (NASDAQ:MRIN) Plenty of upside room remains. I think this stock has found support around the $1.90-$2.05 range and looks poised to post a bounce from here. I could see a 25-40% possible bounce up to $2.8 – $3 a share if it can pass the resistance at $2.20 (downtrend line). The daily MACD is in buy mode while RSI is positive. This is a liquid stock with over 600k shares in daily volume. Its 52 week high is over $5.70
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ShiftPixy Inc (NASDAQ:PIXY) This low float play is beginning to make a move higher and looks like it is gonna squeeze some shorts here. Volume starts to pick up. Nearest resistance for the stock is at $2.61 EMA50. If this level is crossed and the stock price is able to sustain above this level, then it might go to $3-3.08
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Social Capital Hedosophia Hldg Corp III (NYSE:IPOC) Getting the explosion I called over a month ago. Enjoy the profits bulls !! My bullish view will remain intact, but due to its overbought technical indicators, near-term consolidation or such kind of small pullback cannot be ruled out. On the lower side, initially the stock will find support at 14.26 and 13.36 levels.
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Camber Energy Inc (NYSEAMERICAN:CEI) You know, sometimes hitting a winner in the penny market can be so effortless, and when it happens, you gotta celebrate a little bit !!! On 17th of December I told you all about the recent accumulation that I have been seeing on CEI, letting you know that a big rally might be in the cards. Well, on Thursday the stock gained a quick and easy 100% for those of you who were paying attention. Most traders close up shop for the week on Wednesday nights and head out for beers with their friends. The real traders, like YOU stick around on Thursday and make that extra weekend cash! So congrats for being a WINNER on CEI. What a great Christmas present it was !!! Keep an eye on MOXC for a potential type-move move soon.
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The Walt Disney Company (NYSE:DIS) The price is trending higher but within a range inside a bullish pennant formation. A consolidation at the highs is usually a pause before the stock breaks out on the upper side. A move past 179.45 with strong volumes will confirm this and will mean higher levels for the stock and a good trading opportunity on the long side. Long setup on watch.
( click to enlarge )

Sangamo Therapeutics Inc (NASDAQ:SGMO) has been in a consolidation phase in the past two sessions and if the stock is able to move past the strong resistance of 18.64 with good volumes, then it will mean higher levels for the stock. The relative strength line is exhibiting a small negative divergence, which is usually a bearish sign, but in this particular case could be considered a typical move after a huge rally. The MACD indicator for the stock is still above its trigger line. A bullish breakout abv 18.64 would imply a continuation of the recent upbeat momentum, with $20 the pattern target on the buyers’ radar.
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Biocept Inc (NASDAQ:BIOC) dont miss the break of this pattern. This cancer play should resume the upside. The MACD just triggered a buy signal. The trading volumes remain bullish as we continue to see rising volumes when the stock is moving higher and the trading volumes fall when the stock drops. BIOC will move quickly, so keep it on your screen next week.
Christmas Discount Offer: One of my favorite powerful intraday stock scanners is offering you 25% off your 1st month or year subscription. Sale ends Midnight, December 27th. Click HERE and use the promo code: HAPPYHOLLY25% at checkout to get 25% off.
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/2020/12/my-trade-ideas-special-edition-for-last.html



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