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:

8 Technical Setups to keep an Eye On

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

( click to enlarge )

On Friday, the stock Blackberry (NYSE:BB) broke above its neckline of the inverted Head and Shoulders pattern, as well as its 50-day exp moving average (EMA). This should open the door to a run back towards prior highs near $8, while the measured move of the pattern would suggest $7.63. The 6.20 price level now represents near-term support.
( click to enlarge )

When ICAHN SCHOOL OF MEDICINE AT MOUNT SINAI decides to take a 12% stake in a small/medium bio company people listen. If investors continue to buy and hold shares of RNLX knowing that the low 22.48 million outstanding share count provides them a better stake than their more portly brethren, the amount of  Renalytix PLC shares in circulation will quickly disappear. Shares have traded below $4 for the very last time in my opinion. Daily chart also suggests a bullish outlook on a medium-term basis. I do think it is only a matter of time before this $4.2 stock heads to $5.85-$7 and beyond. Those who read the 13G form on Friday will be rewarded with some serious gains as this news gets digested with a surge in RNLX shares. This is a stock to add to your watchlist, if you haven’t already done so. It should be interesting to watch going forward.
( click to enlarge )

Imperial Petroleum Inc (NASDAQ:IMPP) shares skyrocket amid rising in Oil prices. This is a serious gap fill candidate on Tuesday.
( click to enlarge )

RiceBran Technologies (NASDAQ:RIBT) had a shakeout this week as the fake news surrounding the RS caused a spike in volatility. However, the structure of the stock didn’t change. In fact, stock prices might be bottoming out as a golden cross is starting to form. During such volatile moves, the best thing to do is to zoom out and check the stock on the higher timeframes, as those often give you an indication of the critical levels to watch. These critical levels to watch are still found between 50c and 54c. As long as that region sustains support, upward continuation is likely. On the upside, RIBT has to break through 78c, as that is the current resistance. I’m still long.
( click to enlarge )

Arcadia Biosciences Inc (NASDAQ:RKDA) broke out of a Flag consolidation on daily charts, suggesting resumption of the uptrend.
( click to enlarge )

Cyngn Inc (NASDAQ:CYN) The stock has lost nearly 70% of its value since the beginning of the month of May, closing on Friday near the major support zone. I expect a strong bounce back soon especially after Qualcoom Friday’s news.
( click to enlarge )

Billionaire Israel Englander increased its stake on Assembly Biosciences Inc (NASDAQ:ASMB) by 300%, picking up more than 1M shares in Q1. The accumulation continues with this stock. We’ve seen how quickly the stock can head higher with buying and with interest still strong in this issue, I suspect another rally is in the cards. Keep this stock on your radar.
( click to enlarge )

Nine Energy Service Inc (NYSE:NINE) stock is on the cusp of a major breakout. 15% of the float is sold short, a big short squeeze on the break of 3.45. On high for next week.
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.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

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.