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Potential swing trade ideas for the coming week

Saturday, May 15, 2021 5:22

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SemiLEDs Corporation (NASDAQ:LEDS) The stock continues to impress and should be one to watch going forward. A break of Friday’s highs could send it to $10 and better. If we get an upward break of the bullish flag on the hourly chart, we will probably see a rally that takes us to the recent highs. On the other hand, and in terms of managing risk, a price move below the support of the flag formation may be used as the stop-loss. Long setup on watch.

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Qualigen Therapeutics Inc (NASDAQ:QLGN) I think this stock will post a sharp rally from current levels following the earnings report on Friday after-hours. The company announced a revenue increase of 30% from last year and cash equivalents approximately $21.9 Million, providing sufficient runway to accomplish Key Inflection Points (no offerings needed). This was a $4.43 stock in February and at $1.6, in my opinion, there is a compelling risk/reward scenario. The farther the fall the greater the chance for reversal. I’ve been spot on with these bottom plays recently. As i Tweeted on Friday AH i took a big position at 1.60 Lets keep an eye on it.

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Fubotv Inc (NYSE:FUBO) The daily chart is looking good for this stock and we could be looking at the start of a sustained price recovery. The price may start forming the second ascending impulse to break the descending channel. I think we could see more gains from this stock over the next few trading sessions.

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China Liberal Education Holdings Ltd (NASDAQ:CLEU) We saw buying pressure on Friday. With its low share count and future potential this stock should remain one to watch going forward. Someone seems to be accumulating for another big push. EDU China stocks are gaining momentum again.

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Wah Fu Education Group Ltd (NASDAQ:WAFU) I think both of these EDU China stocks are trading at or near their medium-term lows and should see a strong recovery, either sustained or temporary, in price per share within the next few days. There has been a bit of hype again on social media about the company’s stock due to its low float, so keep an eye on it. Could explode higher.

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ATA Creativity Global (NASDAQ:AACG) I really like this stock EDU China stock, although the price sits at recent lows, I feel it deserves a much higher valuation. I think there could be a big move higher in the short term for this stock.

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AMC Entertainment Holdings Inc (NYSE:AMC) was highlighted on my Twitter as a potential breakout candidate. It has since mounted an impressive rally. Congratulations to those in, or who have profited from AMC alert. To see a sustainable move going forward, the stock needs to consolidate here to weed out the sellers and get ready for the next move higher.

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Atossa Therapeutics Inc (NASDAQ:ATOS) had a great move on the upside yesterday and closed above the 2.75 resistance area. The stock is setting up to break out and has one more level to go, which is $3.08. Long setup 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/2021/05/potential-swing-trade-ideas-for-coming.html

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