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Showing posts from May, 2018

Tuesday May 29th Watchlist

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( click to enlarge ) BlackBerry Ltd (NYSE: BB) has been consolidating in a flag formation over the last three weeks after a strong rally since the beginning of the current month. On Friday, the stock broke out of the flag pattern and closed up 18 cents to $11.75 on solid volume. A move above 11.88 would confirm the breakout and could lead to 12.51 initially and then 13.18, my secondary target. Technicals are showing bullish signals supported by positive RSI and MACD indications. ( click to enlarge ) Infinity Pharmaceuticals Inc. (NASDAQ: INFI) remains high on my radar for this week. Phase I (IPI-549 + Nivolumab � Solid tumors) data will be presented at ASCO in June 4, Abstract 3013. Technically, the stock might attempt to breakout above the $2.07 level and if it succeed we should expect a strong move to the upside. Long setup on watch. ( click to enlarge ) Neuralstem, Inc. (NASDAQ: CUR) Price should become explosive if this trendline is broken to the upside on volume. From a technical...

Monday May 21st Watchlist

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( click to enlarge ) BlackBerry Ltd (NYSE: BB) has been consolidating after a steep upmove from 10.31 to 11.88 in the beginning of the month. The stock is currently hugging the upper trendline of the bullish flag formation, and if it breaks above 11.6, it could reach an initial target of 12.51 and then a secondary target at 13.18. There is a good chance the stock will continue to move up. ( click to enlarge ) Ageagle Aerial Systems Inc (NYSEAMERICAN: UAVS) continued its reversal trend Friday on volume. The stock price is inching closer and closer to a breakout move. Buying momentum is still positive and strengthening. $2.52 (EMA20) is the next level to watch for a breakout. Stop 1.98 ( click to enlarge ) The money seems to be flowing into Fibrocell Science Inc (NASDAQ: FCSC) as indicated by the A/D indicator. With no resistance between $1 and $1.30, a break above the 97c level (Thursday's high) can see the stock trade in the $1.3 area pretty soon. Have this on your watchlist. ( cl...

My Watchlist for Tuesday, May 15

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( click to enlarge ) Boxlight Corp (NASDAQ: BOX) Hope you all enjoyed a great start to what could be a great trading week. A huge congratulations to all those who profited from Friday's alert on Twitter. The stock rallied for over 80% potential gains on Monday. I took profits and will keep BOXL on my watchlist for a possible re-entry. The next key resistance is located at $14. ( click to enlarge ) Tyme Technologies Inc (NASDAQ: TYME) was another big winner from the watchlist. The stock exploded from a low of 2.47 to a high of 3 for a nice intraday move of 18%. Congratulations to all my readers and twitter followers that played Friday's alert and pocketed some nice gains. As long as the stock stays above the EMA50, the bullish scenario still intact. ( click to enlarge ) Zosano Pharma Corp (NASDAQ: ZSAN) I would like to present this chart of another low float stock that could see a nice bounce in the coming sessions. Big rally in the final hour on Monday. Next key resistance is ...

Indexes and stock charts for next week

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( click to enlarge ) iShares NASDAQ Biotechnology Index (ETF) (NASDAQ: IBB) finally broke and close above a very significant resistance zone after a few attempts last week. If it continues to be strong we may test 115 and 119.3 over the medium term. ( click to enlarge ) S&P 500 Index also broke above a very significant trendline last week. The key daily momentum indicators continue to show signs of upward acceleration. Expect further upside for US stocks. ( click to enlarge ) PHLX Semiconductor index (SOX) rallied strong again last week to 1363 (key resistance). If the index breaks that level next week, more buying could follow and we will probably test the recent highs. Momentum still to the upside in near term. ( click to enlarge ) Uniqure NV (NASDAQ: QURE) is consolidating its big run-up from early April from the 22 to 32.5 area. It is currently in a bullish flag formation after dipping slightly off resistance in the 32.49 area. Keep an eye on this stock next week. ( click to ...

A few trade ideas for next week

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( click to enlarge ) Arcadia Biosciences Inc (NASDAQ: RKDA) I bought some shares for next week. The stock was over $32 last month and closed Friday at $9.32. I think the risk of continued downside is a lot less than the possibility of a sharp oversold rally at current levels. Looking at the houly chart above it is a fact that several indicators are showing positive divergences, so we could see a sharp rally out of these oversold conditions. On watch. ( click to enlarge ) When I alerted this stock to my twitter followers on Friday, I felt Ageagle Aerial Systems Inc (NYSEAMERICAN: UAVS) had a great chance of boucing. The stock closed with a gain of 20c per cent at 2.04 but still trading near 52 week lows and has fallen dramatically from its peak levels. Watch for continuation next week. ( click to enlarge ) MannKind Corporation (NASDAQ: MNKD) the technical daily chart is looking good showing positive divergences on key indicators. We could be looking at the start of a sustained price rec...