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Showing posts from October, 2018

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...

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. ...

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...