( click to enlarge )MOL Global Inc (NASDAQ:MOLG) Taking a look at the hourly time frame, the stock is at the top of an ascending triangle formation in place for the last month. A break above 3.17 would confirm acceleration out of this pattern and upside continuation to a target zone of 3.93 to 4.25
( click to enlarge )BSD Medical Corporation (NASDAQ:BSDM) has printed a bullish engulfing candlestick on Wednesday with a lot of volume. May be this is the right time to see a more significant rebound. The technical daily chart is showing some bullish bias. Daily MACD has crossed above its signal line and RSI is indicating upward swing. If the surge can continue as the RSI indicates, MACD may be pushed to above 0, indicating a buy. Additionally, the A/D spiked on heavy buying. Share price is gathering momentum to the upside and the first objective is at $.51. Keep BSDM on your radar.
( click to enlarge )Shares of VirnetX Holding Corporation (NYSEMKT:VHC) are starting to heat up again and are worth watching. The stock broke out of a flag consolidation pattern (hourly) on Wednesday and is expected to continue its prior uptrend. If volume can pick up I think this stock can re-test its recent highs around $6.85.
( click to enlarge )Shares of Athersys, Inc. (NASDAQ:ATHX) were on fire Wednesday. The stock will have major resistance between $1.67-$1.74. A close over this level would be bullish and I'd look for the stock to test the $2 area.
( click to enlarge )The share price movement in the recent weeks suggests that ANI Pharmaceuticals Inc (NASDAQ:ANIP) is in a consolidation phase. We can see a fresh wave of uptrend if the stock manages to close above the levels of $60.25.
( click to enlarge )If Maxim Integrated Products Inc. (NASDAQ:MXIM) can break out above $32.16 with heavy volume, I think the stock could shoot up to test $34 level. There looks to be good upside potential, so watch the stock very closely today.
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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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