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Interesting setups that you should watch next week

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( click to enlarge ) When the stock market is down, should we buy or sell? Thats always the million dollar question for many investors. Your instinct probably says yes, but looking at this daily chart formation, it maybe wise to buy rather than sell, because of the December effect. While buying the dips can be scary for investors, it's been a great strategy in recent years, especially in this particular season of the year. The rising accumulation line also indicates that smart money is doing exaclty that. Above chart shows what it looks like to be a head and shoulders bottom pattern  or in other words an inverted head and shoulders, which is the first sign that a bearish trend is about to end. The inverted head and shoulders formation represents a decline to a new low and a rally to immediate resistance, followed by a second decline to a lower level, then a third, more modest decline and rally through resistance. However, take note that the index must break the neckline of this pat...
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Some interesting chart setups to watch next week

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( click to enlarge ) Nio Inc (NYSE: NIO) Keep on watch, this one may breakout of its downtrend line next week. If it breaks and close above the $7 level again, the stock price should be ripe for a long trade. All technicals are looking positive now and the short-term outlook continues to look bullish. ( click to enlarge ) Nice Breakout on volume. (Alerted on twitter at 1.55). Friday�s high of $1.67 is resistance for the next upside move. If the stock can break through this level, we should see another move to the upside. Euroseas Ltd. (NASDAQ: ESEA) hit a high of 3.87 in the month of October, so keep it on your radar for the next few days. ( click to enlarge ) Real Goods Solar, Inc. (NASDAQ: RGSE) On my watch list. The stock showed relative strength on Friday compared to rest of market, following a report of insider activity. CEO and Director purchased a total of 250000 shares last week. 49c is pretty much the pivot here. If the stock closes above this key level next week, momentum tra...
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Some stocks worth watching next week, trading rules and a BIG THANK YOU

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( click to enlarge ) NII Holdings Inc (NASDAQ: NIHD) jumped $1.10, or 16.92%, to $7.6 on Friday, breaking out above its upper line of the sideways trend and a mid-term horizontal resistance zone on volume, sending a new buy signal. The measured price target of this breakout is at 9-9.20 range. Daily technical indicators are in bullish zones with all exponential moving averages rising. A continuation of the rally is likely. ( click to enlarge ) Evofem Biosciences Inc (NASDAQ: EVFM) Do you remember this symbol? We made a lot of money in the summer, when the stock rose from $2.30 to $4.96 in just few trading sessions. Since then the share price has been consolidating that move within a large bull flag pattern, which was broken in the final hour on Friday. Although technical analysis doesn't predict the future of a stock, studying previous price history and patterns can often help to determine what a stock may do in the future. In the case of EVFM this bull flag pattern is probably th...
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Some stocks worth watching next week

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( click to enlarge ) Viking Therapeutics Inc (NASDAQ: VKTX) jumped 99 cents, or 7.44% yesterday, breaking key resistance at 13.76 as well as the upper line of descending channel. Friday's action suggests we could see continuation of the trend in the next couple of days toward the next resistance level around the 15.5 area. ( click to enlarge ) Micron Technology, Inc. (NASDAQ: MU) Friday's hammer candle suggests a possible short-term bounce imho to $40's. Positive divergences showing up on indicators also confirm that we'll see some upside movement very soon. Obviously the trend is clearly down right now, but finding the right spot to get in before the bounce can be a lucrative move. I entered again before the close. Lets see what next week will bring us. ( click to enlarge ) Emerge Energy Services LP (NYSE: EMES) has found support around the $2.22-$2.30 range and looks poised to post a significant bounce from here. It is very oversold and I think the next rally could be...
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Trading set-ups to watch next week

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( click to enlarge ) Nio Inc (NYSE: NIO) is getting ever so close to breaking out higher. This stock is starting to gain interest and could see a rapid ascent as the accumulation by institutions continue. Technically, the hourly chart shows a bull flag formation with the stock price on the verge of a breakout. ( click to enlarge ) Vaxart Inc (NASDAQ: VXRT) could be at the beginning stages of another big rally. One that could ultimately take this stock back over $5.4 and beyond. Hourly technical indicators are beginning to turn bullish. The MACD is rising above its signal line and the RSI has moved above its 50% level. A move above $3.92 (Friday's high) opens the door to $4.6. I'm Bullish at this point. ( click to enlarge ) I have Seven Stars Cloud Group Inc (NASDAQ: SSC) on my watchlist. It may be ready to break out of this base. There are some signs that the stock is gaining some momentum in recent days. It is well oversold and a bull move is probable for the coming sessions. ...
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Small caps to watch next week and 19 trading rules

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Dearest Readers/followers :)  Small-capitalization stocks are on fire, so i will be here as long as the momentum is in our favor (i dont trade OTC stocks). Small-cap stocks generally provide the best returns for day traders, but we need to be aware of the risks. There could be liquidity problems if someone is trying to take a big position in a small stock, so if your account is small, please diversify in order to avoid been stuck in just one stock and use tight stops. Small cap companies can be a good opportunity because of the cheap share price, but we need to have rules to trade them. Meanwhile, and based on my experience over the years, here are some basic trading rules that should be taken always in consideration for trading in order to become a successful trader in the stock market.  1 - The trend is your friend, so never go against the trend.  2 - Keep your losses small. Golden rule: Cut losses short. Let profits run.  3 - Use stops. The stop loss should be pl...
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