Saturday, May 23, 2015

Trade Ideas for Tuesday, May 26 $ARIA $BLRX $ETRM $GPRO $HIMX $GNC $RWLK $AKAO

ARIAD Pharmaceuticals, Inc.
ARIA ---> This stock has formed a strong base around of its 20EMA and is colliding here, which means that, a break above its Upper Line of its Triangle can open the door for a strong upside movement, into its Breakout Area, located at $9.45! It has been trading under high Accumulation and i´m liking of its RSI, which remains steady in buying area! Also, its Fast Stochastic became Bullish Crossover giving too, a strong Buy Signal! ARIA looks ready to move on! Do not forget that it has 24.90% of Short Float, so keep closely for a Potential Short Squeeze


BioLineRx Ltd.
BLRX ---> This stock is primed for an upside movement toward its breakout area, located at $2.15, as it has broken above its 200EMA and its 20EMA,  and above its Wedge Down chart pattern! A break above its 50EMA, which can happen with a Gap Up as it close at High of Day, with decent volume can give to us a nice squeeze! The technical indicators are displaying nice positive divergences, such as its RSI, which came back to its Buying Area, its MACD, which became Bullish Crossover, ADX is curling up and its Fast Stochastic, which get out of its oversold area with full power and became Bullish Crossover! Keep closely this Potential Upside Runner


EnteroMedics Inc. 
ETRM ---> This stock is gaining strong Momentum and is a Potential Upside Runner toward its First Major Resistance, located at $1.19!! A break above this resistance area, will open the door for a Big Breakout! Technical indicators are displaying strong positive divergences, such as its Bullish MACD, ADX and Fast Stochastic Crossovers, and its RSI, which came back to its Buying Area! Buyers are coming back! I´m long on this one!! Keep Closely!!

GoPro, Inc.
GPRO ---> I´ll be watching for the confirmation of the break above its 200EMA! If do that on volume, with 21.48% of Short Float, GoPro can squeeze into its next Resistance Area, located at $57.45! It is going through a good Momentum as we can see by the positive divergences on chart! Long idea over $54.98

Himax Technologies Inc.
HIMX ---> I´ll be watching for continuation of its upside rally, now that it made a strong breakout with high bullish volume! It has a nice room to climb, toward the $7.00 level, where is located the next major resistance, and looking to chart indicators, it can make that climb easily! Great Momentum! Worth watching

GNC Holdings Inc.
GNC ---> It made a nice trade session with high bullish volume, crossing up its 50EMA! It looks ready now to Fill the Gap and move on! Chart is showing a strong bullish activity, which means that buyers are in charge! To follow

ReWalk Robotics Ltd.
RWLK ---> This stock is showing a tremendous Upside Potential and i believe that the rally is in the beginning! Great Chart!! Great Momentum! I´m long on this one


AKAO ---> Another stock with a tremendous Upside Potential! A break above its 50EMA on volume, will open the door for another Upside Rally! Great chart! Great Momentum! Worth Watching

Disclaimer

All charts posted here are merely tools to study based on major technical indicators!! It is up to the reader to decide whether the stocks mentioned above are appropriate for your strategy! I warn that the good performance of a stock not depends only the technical data and I can not responsible for any trade that goes wrong!! Follow me on Twitter and Stocktwits, during the day I post some good ideas of trade

Regards

FonsieTrader