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Potential Trade Setups for next week

 

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Sharplink Gaming Ltd (NASDAQ:SBET) Technically, it is poised for an interesting price action next week. The stock formed an Inside Bar pattern on the daily charts as the trading range was within the bullish candle of the previous session. The resistance level 4.6 remains the immediate level in question as it also marks the breakout of its EMA50. A retest to this level could indicate new bullish momentum likely to emerge. I increased my position on pullback.
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Ironnet Inc (NYSE:IRNT) Deserves some attention going forward. Previous resistance acted as a strong support while MACD is curling up. The CEO will be on Washington Post Live tomorrow.
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Zhangmen Education Inc (NYSE:ZME) Beaten down IPO play. The stock closed positively on Friday and the strong volume suggests that there's potential for another push in the coming sessions. It dropped from $20 to $1.85 in just 5 months, and could see a big bounce from current levels. I think a push to $4 or better could be in the making. Friday's high volume could be a signal for trend change and the beginning of a potential major move higher.
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Callon Petroleum Company (NYSE:CPE) has formed a large Cup and Handle pattern on daily charts. Potential breakout play next week. Watching over 60.9 with resistance at 61.49
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Lucid Motors (NASDAQ:LCID) broke through a key resistance level on Friday accompanied with heavy volume. Keep an eye on it to see if tomorrow will confirm the intraday breakout.
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Alzamend Neuro Inc (NASDAQ:ALZN) Watch this horizontal trend line and play accordingly. Momentum indicators suggest continuation of positive bias for the stock. Let's keep an eye on it.
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Nuwellis Inc (NASDAQ:NUWE) The share price has finally crossed and closed above the declining 20-day EMA, which is very positive. The positive momentum may continue towards the next hurdle of 2.59 and 2.8 zones.
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If Passage Bio Inc (NASDAQ:PASG) can break out above $10 with heavy volume, I think the stock could shoot up to the $12.50 area. There looks to be good upside potential, so watch the stock very closely next week.
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Bakkt Holdings Inc (NYSE:BKKT) has sold off over the past few sessions but looks to have found a bottom around the hourly EMA50, which may lead to a bullish breakout and reversal of the recent downward trend. On Watch.
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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