( click to enlarge )Catabasis Pharmaceuticals Inc (NASDAQ:CATB) had a nice surge a few days ago and has been in a correction mode. The stock is now displaying upside momentum again and is poised to move higher from these levels. Nearest resistance for the stock is at $1.59. If it breaks this level with strength, we would look for a potential target of 2.10 (short-term). Daily technical indicators are improving and MACD is about to cross above the zero line, while RSI is neutral at 49. Keep an eye on CATB tomorrow.
( click to enlarge )Dataram Corp (NASDAQ:DRAM) is another stock I'm watching closely. It can pop big time on any positive news. After drifting for weeks, the stock price finally broke out of a large falling wedge accompanied by high volume. Today’s high was $1.38, which is resistance for the follow through move. If the stock can break through this level tomorrow, expect to see heavy volume drive the stock higher. Next major resistance lies at 1.76
( click to enlarge )Acacia Communications, Inc. (NASDAQ:ACIA) This technical chart is displaying upside momentum. I will be watching this stock closely for a breakout. Short squeeze candidate.
( click to enlarge )Zosano Pharma Corp (NASDAQ:ZSAN) has a very interesting daily technical chart and could have a bigger move soon. The break of the next key resistance line with heavy volume should be the next buy point. If it clears resistance at $1.94, the move may be powerful. Im long.
( click to enlarge )Aralez Pharmaceuticals Inc (NASDAQ:ARLZ) was added to my watchlist as a possible bottom bounce-play. The daily technical chart is displaying positive divergences on momentum indicators and with the stock in oversold territory, these are the perfect conditions for a short-term rally. CEO bought 500k shares lately.
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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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