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Showing posts from May, 2017

8 stocks to watch this week

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( click to enlarge ) Tesla Inc (NASDAQ:TSLA) remains one of the hottest stocks on the market and could be ready to breakout of this sideways pattern. Price should become explosive if this daily chart pattern is broken to the upside with volume. Shorts continue to be on the wrong side of the trend. ( click to enlarge ) Is FORM Holdings Corp. (NASDAQ:FH) on your Radar ? It better be. Insiders have been buying shares at an accelerated place. They bought more than 155000 shares in the last two weeks. The frequency and quantity of the insider activity is a very important indicator of insider sentiment. From a technical standpoint, the stock is reversing off recent lows and is seeing strong buying volume. It broke out of the descending channel and I think it could be in the early stages of a rally that will bring the stock back over $2.25 a share and ultimately $2.60+. FH has an explosive chart in progress. Im long. ( click to enlarge ) China Auto Logistics Inc (NASDAQ:CALI) has been pulling...

My Watchlist for Friday, May 26

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( click to enlarge ) I'm watching Superconductor Technologies, Inc. (NASDAQ:SCON) for a possible breakout from current consolidation. This one looks like it wants higher to me. ( click to enlarge ) Skypeople Fruit Juice Inc (NASDAQ:SPU) On my swing long list. The stock has held support at the 2.50 level and is displaying a screaming buy divergence on the upside. Nearest resistance for the stock is at $3. If this level is crossed and the stock is able to sustain above this level, then it might go to $3.62. Low float stock with a high short interest. A Good catalyst for Bulls :) ( click to enlarge ) China Auto Logistics Inc (NASDAQ:CALI) Another China stock whose pattern is looking quite good here for higher prices. Looks to be setting up for an upside move, as the stock has held up well the past few sessions. Breakout watch above 2.5 ( click to enlarge ) MannKind Corporation (NASDAQ:MNKD) Breaking out to the upside from its recent consolidation. Thursday�s high of $1.48 is resistanc...

My Watchlist for Tuesday, May 23

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( click to enlarge ) FORM Holdings Corp. (NASDAQ:FH) Could be ready to bounce again! The insiders are very bullish about the stock with very heavy buying last week with total of almost 110.000 shares. The last time they bought so much stock was in September of 2016 and the stock rose more than 100% in just few trading sessions, so let's see if the history will repeat itself. From a technical standpoint, the price action broke this channel upward, giving a strong buy signal. Now that the stock is above the upper line of the channel more buyers should be coming. ( click to enlarge ) MannKind Corporation (NASDAQ:MNKD) stock was very strong trading 2x normal daily volume. MNKD had big buyers in it all day and looks ready to make another move tomorrow. I am keeping the stock on the list for the next few days and I expect to see the stock pop up to $1.8 again. The next major resistance level for the stock is located at $1.56. A close above this level would be very bullish. ( click to enl...

My Watchlist for Monday, May 22

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( click to enlarge ) China Commercial Credit Inc (NASDAQ:CCCR) This chart does not need much commentary. On the daily chart you can see that the stock has been under accumulation for the last several weeks. It could be making another move to $3.20 and we could see a break there. Keep this stock on watch. ( click to enlarge ) Pulmatrix Inc (NASDAQ:PULM) has a very interesting technical chart and could have a bigger move soon. Resistance for this move is $2.87 (EMA50 yellow line). Momentum picking up with MACD climbing and RSI rising. Heavy volume on up days. If we break and close above 2.87 next week, we can run to 3.6 easily. Worth watching for a breakout. ( click to enlarge ) I continue to support the idea of a significant bounce on Polar Power Inc (NASDAQ:POLA). The stock has confirmed a base on top of its recent low and the daily are pointing to further gains (positive divergences). If the stock can break Friday�s high of $4.82, we should see a strong follow through move. POLA will...

My Watchlist for Friday, May 19

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( click to enlarge ) HTG Molecular Diagnostics Inc (NASDAQ:HTGM) has been in a major corrective phase in the recent weeks forming a large falling wedge that was broken to the upside. The downtrend that commenced in late March appears to have been completed and MACD is about to climb above the signal line. If it clears resistance around the 3.9-4 area the move may be powerful. ( click to enlarge ) Inpixon (NASDAQ:INPX) appears to be poised for a nice bounce off this bottom. From my point of view, the stock has formed a bottom and I expect a move past 2.60 to take the stock towards the target of 3.24. The Accumulation/distribution line shows lots of accumulation. ( click to enlarge ) Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) I will be watching the stock tomorrow for a continuation move through Thursday�s highs of $4.48. The CMF indicator on chart shows the strength of conviction behind this Bullish trend. Lets keep an eye on it. ( click to enlarge ) athenahealth, Inc (NASDAQ:ATHN) Ni...

My Watchlist for Thursday, May 18

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( click to enlarge ) Pulmatrix Inc (NASDAQ:PULM) broke the descending triangle to the upside on expanding volume. Momentum has turned bullish, and a break above resistance at 3.42 would open the door for a rally to 4.50. ( click to enlarge ) Inpixon (NASDAQ:INPX) Price should become explosive if this chart pattern is broken to the upside with volume. A/D shows that the stock is under strong accumulation. I bought shares today. ( click to enlarge ) Globalstar, Inc. (NYSEMKT:GSAT) As long as a stock continues to close above the $2.21 level (previous highs), it is considered to be in an uptrend. Puls, the technical indicators still indicate a bullish tone. ( click to enlarge ) Despite the market sell-off, shares of BlackBerry Ltd (NASDAQ:BBRY) have continued to show strength, losing less that 1%. Bulls are in complete control. If you want to contact me for advertising opportunities on blog or twitter, then get in touch via email Disclaimer : This is not an investment advisory, and should...

My Watchlist for Wednesday, May 17

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( click to enlarge ) BlackBerry Ltd (NASDAQ:BBRY) broke above yesterday's high at $9.77 and rose to $10.18 hitting the highest price in two years. Further rally could be seen to retest $11.09 long-term resistance. As long as the stock stay above 8.50 area, the bullish scenario is still intact. Now that the stock is above the $10 level more buyers should be coming. ( click to enlarge ) xG Technology Inc (NASDAQ:XGTI) strong enough to say and the Bulls are back. The stock traded higher today, after the company released strong earnings late Tuesday. It gapped higher at the open and traded to the upside all day. That�s a powerful sign that high prices are likely to continue. The daily indicators are showing signs of upward reversal. A rally above the declining 100-day EMA can push the stock higher to 2.75 and 2.92 in the short-term. ( click to enlarge ) Catalyst Biosciences Inc (NASDAQ:CBIO) Could History Repeat Itself ? Last time the CMF indicator showed similar divergence the stock s...

My Watchlist for Monday, May 15

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( click to enlarge ) Globalstar, Inc. (NYSEMKT:GSAT) which has been in a nice bullish trend, jumped 38 cents or 19.90% Friday and finished at the highest close in more than eleven months. The move confirmed a breakout from a large sideways price consolidation pattern, in which the stock has been consolidating for the last five months. Next week, I expect continuation of the current uptrend toward the next resistance area around the $3 area. Long setup. ( click to enlarge ) The Merrimack Pharmaceuticals Inc (NASDAQ:MACK) continued to show strength with another gain. Friday's rally put shares above the declining EMA100 at the $3.57 level, which is a bullish sign. The technical daily chart looks very bullish now with a short-term target of $4.25 ( click to enlarge ) ContraVir Pharmaceuticals Inc (NASDAQ:CTRV) had a nice bounce last week but we need to get another up session with decent volume to solidify this as a bottom. Momentum indicators are in favor of an upward price movement. ...