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Wish (NASDAQ:WISH) seems to be forming an inverted head-and-shoulders pattern daily, whose neckline is placed around 15.4 and an upside breakout of this neckline will take the stock to 23 in the near future. I have been accumulating this stock over the past days, ignoring the noise and being focused on the fundamentals and potential of the company.
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Borqs Technologies Inc (NASDAQ:BRQS) dipped by 5.31% on Friday as the stock pulled back after Wednesday’s spike. The stock closed at $1.07 a share and looks poised to rebound. Looking at this technical hourly chart above, what makes me think we are very close to a bottom is the last five candles have seen lower volume and a price stabilization exactly abv support. Additionally, it has back tested successfully the broken yellow horizontal trend line resistance. I think this bodes well for a bounce from current levels. I increased my position. Long setup on watch.
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Gaucho Group Holdings Inc (NASDAQ:VINO) has been beaten down since last month, but at this moment it seems pretty clear that buyers have been waiting in the 4.5-5 range. It looks like the stock is starting to turn back up and all major key momentum indicators are giving the first bullish signs. The MACD is registering a bullish signal as the fast line has crossed above the slow line and the RSI is rising slowly but hasn’t reached the 50% level. The stock needs to close above $5.24 on a daily basis in order to mitigate the negative near term view. Please NOTE: There is an investor conference on Thursday. I’m long.
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I’m watching OLB Group Inc (NASDAQ:OLB) very closely as this is a volatile stock and it will move very quickly once it breaks resistance at $6.50. Low float mania is back.
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Bridgeline Digital Inc (NASDAQ:BLIN) The break of the triangle’s upper trend line at 8.54 confirmed the ascending triangle pattern and the measured move of the pattern projects an initial target around 12.83
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Asana (NYSE:ASAN) finally broke out of a consolidation pattern Friday but the volume was not as high as expected. Meanwhile, the stock closed near the highs of the day on Friday and further upside is expected to be seen next week.
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Western Copper and Gold Corp (NYSEAMERICAN:WRN) displayed relative strength with a 6.53% gain on Friday. The stock broke out of its bullish wedge pattern suggesting a further move to the upside and continuation of this bullish trend. Technically speaking the stock is now painting a short-term “Bullish” picture. Consistent move above $2.16 (horizontal resistance line) could be a beginning of a new technical bullish reversal at least testing the 2.4/2.5 area.
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Uber (NYSE:UBER) is starting to show some strength with high volume upsides and closed back above its EMA200 on the 4H chart at 51.52. With no resistance between $52.4 and $56.13, a break above the $52.36 level can see the stock trade in the $55 area pretty soon. Have this on your watchlist.
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don’t consider buying or selling any stock without conducting your own due diligence.
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