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7 trade ideas for next week

 

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Longeveron Inc (NASDAQ:LGVN) is nearing a key resistance level in the 3.70 area (upper line of the large falling wedge formation). When lower highs and lower lows form, as in a falling wedge, a stock remains in a downtrend. Technical daily indicators are displaying positive divergences and I think we could see a strong reversal over the coming days. The stock price sits right at its 52-week low and has fallen from over $16.7 a share to the current $3.62 price. Considering the bullish momentum on Friday, I think the stock looks set to break higher next week. This is a Heavily shorted low float small bio name with a robust clinical pipeline with clinical efficacy signals in multiple indications with large unmet need: Alzheimer’s Disease, Aging Frailty, and HLHS and a solid balance sheet, cash into 2024. Keep this stock in your radar list. On my firework list.
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Shares of  Borqs Technologies Inc (NASDAQ:BRQS) broke through resistance at $.68 and closed above its 20-day exp moving average for the first time since weeks. This could be a significant turning point for stock.
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Mullen Automotive Inc (NASDAQ:MULN) has become increasingly bullish and is currently consolidating in an attractive pattern (Bull flag). A move past $.46 would be a strong indicator of a further uptrend in the stock. Stay tuned.
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CEA Industries Inc (NASDAQ:CEAD) Potential double bottom formation. Stalking. Over $1.05 would be a buy trigger.
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Netflix (NASDAQ:NFLX) Rallied hard Friday on volume. If it clears back over its 200-day EMA it may have some good upside to fill the gap.
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Atlis Motor Vehicles Inc (NASDAQ:AMV) Volume is drying up while daily RSI remains extremely oversold at 15.88 on the daily chart. Could see another explosive move to the upside
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MacroGenics Inc (NASDAQ:MGNX) breakout on solid volume. The stock continues to show strength as the rise in volume confirms the price uptick. Fresh exposures may be considered on price weakness, with a stop-loss at $3.78. Going forward the next levels to watch above are seen at 5 and 5.41
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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AC
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