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September 01, 2020 10:10am
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Top Stock Trade Ideas for the upcoming week

 

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Bright Minds Biosciences Inc (NASDAQ:DRUG) The stock finally broke the hourly falling wedge formation on large volume. The technical chart shows buyers are back. With the surge on Friday %K line is again on top over %D line showing the stock is back to a new rally. A move towards $2.50 can be expected as long as $1.52 holds.
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I have been following SuperCom Ltd. Ordinary Shares (NASDAQ:SPCB) for a few days now and surprisingly it showed some strength in the final hour on Friday in a depressed market. On the momentum front, I'm seeing some positive divergences in several key momentum indicators, but this is not confirmed yet, as prices have not shown a confirmed reversal. At the bottom of the chart is the accumulation/distribution line, and readings on the indicator suggest the stock has been under strong accumulation lately. The stock needs to break Wednesday’s high of $.41 to expect a strong rally at this point. I took a strong/long position last week. Note: The company already awarded several contracts in the last few months that are worth several million.
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Kidpik Corp (NASDAQ:PIK) Another interesting small cap for the month of September. The company continues to form a base around the $1.9's as we get ready for another major move higher. A break of $2.39 EMA100 with force might give the stock room to $4
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Mullen Automotive Inc (NASDAQ:MULN ) Friday’s action in the share price leads me to believe that we may see a reversal trend at this level. To sustain this point of view, stock needs to sustain actual levels in the days to come. Watching if this can go into $.74's next week to test/break the long downtrend line.
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BioXcel Therapeutics Inc (NASDAQ:BTAI) is showing positive momentum as the stock tests a basing pattern breakout level. Breakout watch over $15
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Reviva Pharmaceuticals Holdings, Inc. (NASDAQ:RVPH) decisively broke the bull flag formation with a big bullish engulfing candle and might soon find itself in next resistance at the 3.10 area
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American Resources Corp (NASDAQ:AREC) has been on a nice uptrend recently and could be ready to breakout again. Waiting for a break and closing above the $3.45 level for a long position.
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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.

Thanks for visiting AC Investor Blog.

AC
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