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:

Trade Setups for the Week of July 06, 2021

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

( click to enlarge )

Wish (NASDAQ:WISH) seems to be forming an inverted head-and-shoulders pattern daily, whose neckline is placed around 15.4 and an upside breakout of this neckline will take the stock to 23 in the near future. I have been accumulating this stock over the past days, ignoring the noise and being focused on the fundamentals and potential of the company.
( click to enlarge )

Borqs Technologies Inc (NASDAQ:BRQS) dipped by 5.31% on Friday as the stock pulled back after Wednesday’s spike. The stock closed at $1.07 a share and looks poised to rebound. Looking at this technical hourly chart above, what makes me think we are very close to a bottom is the last five candles have seen lower volume and a price stabilization exactly abv support. Additionally, it has back tested successfully the broken yellow horizontal trend line resistance. I think this bodes well for a bounce from current levels. I increased my position. Long setup on watch.
( click to enlarge )

Gaucho Group Holdings Inc (NASDAQ:VINO) has been beaten down since last month, but at this moment it seems pretty clear that buyers have been waiting in the 4.5-5 range. It looks like the stock is starting to turn back up and all major key momentum indicators are giving the first bullish signs. The MACD is registering a bullish signal as the fast line has crossed above the slow line and the RSI is rising slowly but hasn’t reached the 50% level. The stock needs to close above $5.24 on a daily basis in order to mitigate the negative near term view. Please NOTE: There is an investor conference on Thursday. I’m long.
( click to enlarge )

I’m watching OLB Group Inc (NASDAQ:OLB) very closely as this is a volatile stock and it will move very quickly once it breaks resistance at $6.50. Low float mania is back.
( click to enlarge )

Bridgeline Digital Inc (NASDAQ:BLIN) The break of the triangle’s upper trend line at 8.54 confirmed the ascending triangle pattern and the measured move of the pattern projects an initial target around 12.83
( click to enlarge )

Asana (NYSE:ASAN) finally broke out of a consolidation pattern Friday but the volume was not as high as expected. Meanwhile, the stock closed near the highs of the day on Friday and further upside is expected to be seen next week.
( click to enlarge )

Western Copper and Gold Corp (NYSEAMERICAN:WRN) displayed relative strength with a 6.53% gain on Friday. The stock broke out of its bullish wedge pattern suggesting a further move to the upside and continuation of this bullish trend. Technically speaking the stock is now painting a short-term “Bullish” picture. Consistent move above $2.16 (horizontal resistance line) could be a beginning of a new technical bullish reversal at least testing the 2.4/2.5 area.
( click to enlarge )

Uber (NYSE:UBER) is starting to show some strength with high volume upsides and closed back above its EMA200 on the 4H chart at 51.52. With no resistance between $52.4 and $56.13, a break above the $52.36 level can see the stock trade in the $55 area pretty soon. Have this on your watchlist.
Grab this new offer from TradeIdeas !! It is my favorite scanner. Dont forget to use this TradeIdeas promo code HAPPY4TH when you check out CLICK HERE to get 25% off the first month or year of any subscription or upgrade.
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.