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Showing posts from September, 2018

My stock watchlist for the week of October 01, 2018

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( click to enlarge ) BlackBerry Ltd (NYSE: BB) brokeout from a descending channel yesterday with large volume after reported earnings above Wall Street consensus. Looking at the daily technical chart above the stock shows very strong bullish sign. First of all, the stock is trading now above both 50-day and 200-day exponential moving averages. Then the MACD indicator is rising above zero line also indicating a buy. In addition, the ADX turned up as a result of Friday's strength, with bullish price movement in control and RSI is also moving up. I'll be watching the stock again on Monday for a follow through. Resistance is $12, which was yesterday�s high. This is my long term invesment. John Chen is doing a great job turning around this company. When it comes to Blackberry, the recent history tell us to ignore the analysts, because they have been always wrong since the 6's. I have a lot of respect for analysts, but in this particular case i dont agree with them. Honestly, i t...

Here are some technical charts to watch next week

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( click to enlarge ) Marinus Pharmaceuticals Inc (NASDAQ: MRNS) broke through that critical 8.25 level yesterday on heavy volume. There is a high probability for a trend continuation in the next sessions, as the stock could test the next key resistance level in the 9.5 area. ( click to enlarge ) TOP SHIPS Inc (NASDAQ: TOPS) broke and closed above its declining EMA50 for the first time in months accompanied by high volume. I expect a continuation of the rally's momentum next week, targeting the 1.5 level. If a new breakout occurs, next resistance is in the 1.87 area, my target (alerted on twitter around the 97c level last week as a potential bottom play). ( click to enlarge ) Shares of DryShips Inc. (NASDAQ: DRYS) are starting to heat up again and are worth watching. The stock broke out last week of a large descending channel formation. This technical move is very significant and could be marking a new trend higher that is still in the early stages of development. I expect continuat...

Technical Setups for the Week of September 17, 2018

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( click to enlarge ) Nio Inc - ADR (NYSE: NIO) China's NIO, one of the many electric-car startups looking to become the next Tesla couldn't have wished for a better time to have such a fantastic start. The stock closed the week with a gain of nearly 55% since the first day of trading. The stock pulled back around 15% on Friday, however it's still trading heavy volume and is dificult to predict the next direction in the short-term. Above you can see the 15m chart with the technical pivot points. If the $9 level holds on we can see a huge rally to the next possible demand zone. So, lets wait and see what the stock does in the coming days. ( click to enlarge ) Tilray Inc (NASDAQ: TLRY) also continued its heavy action last week. The question will remain can it continues to perform? The stock found strong support near its trend-line on the hourly chart as it should have, and thus, this is clear an encouraging sign for a rebound from these levels, so play carefully with stops un...

Stocks to Watch for September 13, 2018

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( click to enlarge ) IQIYI Inc (NASDAQ: IQ) Missed this one today because I was too busy watching small caps. But this chart looks pretty good. I think current levels offer a great chance to play a rebound in shares. Long positions can be considered with a stop loss of 26 on daily closing basis. Initial targets are 30 and 32.4 ( click to enlarge ) HUYA Inc - ADR (NYSE: HUYA) Keep a close eye on this one, looks ready to break this trend line to the upside. When it clears $28 on good volume, go long using the EMA9 as stop. ( click to enlarge ) China Advanced Constructn Mtrls Grp Inc (NASDAQ: CADC) Another China name with a good looking chart. Looks like a bottom formation here. A breakout over $4.2 with volume would send this flying. I went long today, I see $5.5 move coming. The MACD is curling in a very positive direction. This could be a good swing trade. ( click to enlarge ) Akers Biosciences Inc (NASDAQ: AKER) was one of the BIG winners today, as the stock closed up 21% on the da...

Take a look at these Biotechnology Stocks next week

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Hello Everyone!!  What a year it has been so far! Congrats to all the twitter followers and readers who moved on opportunities the entire year, for those who still haven't taken advantage and seen gains, there is still time. I continue to see in smallcaps and low floaters high probability of big gains, specifically in the bio sector, therefore i will keep them in my portfolio. As always, don't forget to use a stop loss or a trailing stop for these particular cases. Trading small caps stocks can be risky, however where there are great risk, there can also be great rewards and we should act accordingly. As an independent trader, my mission is always to share ideas based in something real, news, catalysts and chart patterns, it does not matter if it is a small, mid or a big cap. For next week, i selected the following stocks based on the pattern and price action. Keep in mind, the months of September and October are typically the most volatile months for the markets, and it will b...

Stocks to Watch for September 04, 2018

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( click to enlarge ) The POT sector is on fire and Tilray Inc (NASDAQ: TLRY) is no exception. It has a strong technical daily and hourly chart. I have no idea how high this one can go, but the stock is in a strong Bull Market, without resistances above. At this level, fresh long positions should be initiated only on a strong move beyond $66.74 using always tight stops (just in case). ( click to enlarge ) Advanced Micro Devices, Inc. (NASDAQ: AMD) has become increasingly bullish and is currently consolidating in an attractive pattern again. The stock is facing resistance at 25.5 levels recently. If it breaks above this level, further up move can be expected. ( click to enlarge ) Axovant Sciences Ltd (NASDAQ: AXON) Put this stock at the top of your radar screen tomorrow. It is starting to show some strength with high volume upsides. The $2.50 level has been proved to be a strong resistance. More times the resistance has been tested, there is good chance for breaking above that point. Wi...