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:

Great trade setups to trade next week

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


Dearest readers,

I hope you are all having a great start to 2021! May this year will bring all of us joy, love, health, peace, happiness and success. Thank you for all of your support.

( click to enlarge )

Gbs Inc (NASDAQ:GBS) It’s becoming apparent investors are slowly starting to catch onto this small undervalued bio stock. I think this recent IPO play is trading at great risk/reward prices. The risk of continued downside, while obviously always a factor to be present, is a lot less than the possibility of a sharp oversold rally or bounce at current prices. Buying stocks at or near their all-time lows, especially ones like these that have not experienced much of a bounce, is a great way in my view to find profitable trades. We’ve seen very similar charts recently where a stock has fallen so dramatically. In each case, the stock rallied over 50%. If that holds true for GBS it will hit $10 or better on any bounce. As shown on the 30-minutes chart, the stock has broken the primary downtrend line to the upside and found resistance at the 7.50 area, which I pointed out on the chart. Looking ahead, a break of the resistance zone could potentially lead a rapid rise to 8.88. I think this stock is ripe for a short-term big rally.
( click to enlarge )

Genetic Technologies Limited (NASDAQ:GENE) The daily chart looks great for this stock and I think it’s poised to hit $4.65 short term as the selling has abated and the recent rally on BNGO stock should bring new interest into the stock. I think this stock has room to go to the upside with $4.04 being the first point of interest.
( click to enlarge )

Avinger Inc (NASDAQ:AVGR) After a strong move to the upside the stock started last week on the defensive and has pulled back to test the previous breakout area (now support), closing the week well above. I’ve been behind this stock for quite a while now and always felt this stock was a great buy at its lows, and even now I believe there is profit potential from these prices for another run to 77c. It has found solid support and I would not be surprised to see it start to gain momentum over the coming days and weeks.
( click to enlarge )

Morgan Stanley (NYSE:MS) is approaching a key resistance point, which has contained the stock’s attempts over the last 2 weeks. The sideway consolidation for the past couple of days is likely close to completion. Watch for a move above the 68.97 level to confirm further upside. On the bearish side, any close below the rising EMA9 would put the support line at 65.43 back on the map.
( click to enlarge )

Caterpillar Inc. (NYSE:CAT) has been in a large bullish consolidation over the last five week and appears ready for another breakout. Keep on watch.
( click to enlarge )

BioNano Genomics Inc (NASDAQ:BNGO) has been in a monster move to the upside closing higher in five of the last six trading days. This stock is very overbought, but this market has proven overbought can stay overbought for a long period. The EMA9 on the 30 minutes chart (yellow line) has been a good support for BNGO’s stock price since it crossed the 80c zone. The short-term outlook is bullish as long it stays above the uptrend line. As i said previously, GENE is a good symp play to watch next week while it stays cheap.
( click to enlarge )

Marathon Patent Group Inc (NASDAQ:MARA) has held nicely above its $10.40 support line on a close basis over the last two weeks. The continued relative strength of Bitcoin could accelerate the bounce move on MARA next week.
( click to enlarge )

Canaan Inc (NASDAQ:CAN) has been on fire the past few weeks, and looks ready to make another upside move. The stock broke out of a consolidation range in the last trading session on heavy volume. Thursday’s high was $6.30, which is resistance for Monday’s continuation move. As long as the stock stays above the $4.70 area, the bullish scenario is still intact.
( click to enlarge )

Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS) broke out from a sidewards movement with decent volume on Thursday, creating a significant amount of bullish potential. On the technical side, MACD and ADX all point to an upward trend while RSI is also rising but hasn’t yet reached an overbought level. The stock broke through its 100-day EMA and should continue to move. SNSS has a lot of upside potential, so watch it closely on Thursday.
LAST CALL !!! New Years Sale announcement: One of my favorite powerful intraday stock scanners is offering you 25% off your 1st month or year subscription. Sale ends Midnight, January 4th. Click HERE and use the promo code: AULDLANGSYNE25% 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/2021/01/great-trade-setups-to-trade-next-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.