Saturday, August 29, 2015

Trade Ideas for Monday, August 31 $ZNGA $LBIO $BIOS $BTE $NOG $OHRP $AA $GTLS


Zynga Inc.
ZNGA --->After the last strong trade session with decent volume, this stock is poised for more upside run if confirm the break above its 20EMA!! It is receiving strong Buy Signals by its technical indicators such as, its MACD, which is curling up and is becoming Bullish Crossover, its Money Flow, which became positive or its RSI, which is moving up strongly toward its Buying Area!! If the break above its 20EMA was made under high volume, it can easily make a nice squeeze toward its 50EMA!! Long Idea over $2.54

Lion Biotechnologies, Inc.
LBIO ---> This stock is a Bounce Player in action and is setting up for a Big Breakout, which happens over $7.50!! To do that, it needs first to break above its 20EMA with volume!! The room over that is large and clean!! For the technical side, it is receiving Buy Signal by its Bullish MACD Crossover ! Also, watching for the other indicators, we can see that they are curling up, showing that its Momentum is growing!! It can make a strong Squeeze over $7.14!! Stay Tuned

BioScrip, Inc. 
BIOS ---> It remains strong and steady in its climb!! The stock is now poised to make a strong breakout over $2.84! To do that, it just needs to break above its 50EMA with volume!! Its 26.75% of Short Players are under pressure and this break should force them to cover their positions, giving us the long awaited Big Short Squeeze!! Large and clean room to run above its 50EMA!! Great Bullish Chart!! Worth Watching!!


Baytex Energy Corp.
BTE ---> We have here another great Bounce Player in action!! With the third day in a row of heavy bullish volume, this stock made in the last trade session, an important Breakout!! It is now leaving its Oversold area and is receiving strong Buy Signal by its Bullish MACD Crossover!! Also, it closed the regular trade session at High of the Day, becoming in a Gapper Candidate for Monday!! BTE is well positioned to make a strong run up toward its 20EMA, which can be the next stop!! On radar!!


Northern Oil and Gas, Inc.
NOG ---> Like the post above, this stock made a strong breakout on volume in the last trade session!! Also, it crossed above its 50EMA and above its Upper Bollinger Band Line, closing near at High of the Day!! This Gapper Candidate has now a huge room to run ahead and has too, a great catalyst to help it to run hard, which is, its 34.51% of Short Players!! They are getting under pressure and a Big Short Squeeze can happen any moment now!! For the technical side, the price looks well supported by its Bullish ADX Crossover, is receiving strong Buy Signals by its RSI and by its Bullish MACD Crossover and is trading under heavy Buying Pressure! Money Flow is now positive too! In short, get ready for the Run ...

Ohr Pharmaceutical, Inc.
OHRP ---> Following my last Blog Post, it corresponded well to my expectations, where it crossed and closed above its 50EMA and near at High of the Day!! This Gapper Candidate for Monday is well positioned now to make a nice run up toward its next breakout, which happens over $3.15!! With volume, this stock can fly higher!! Technical Indicators are displaying strong positive divergences, such as its Bullish MACD and ADX Crossovers or its RSI, which came back to its Buying Area! The Momentum looks strong and you should keep around!!

Alcoa, Inc.
AA ---> It made a nice trade session with heavy bullish volume, crossing up its 20EMA and closing at High of the Day!! This Gapper Candidate increased strongly today its Momentum and looks poised for a run up toward its 50EMA!! The price is receiving Buy Signals by its RSI and its Bullish MACD Crossover!! Its ADX, which is becoming Bullish Crossover, is showing that price is well supported and we can see too, that Accumulation is rising again! Buyers are back and it should reach its 50EMA easily!! Worth Watching!!


Chart Industries Inc.
GTLS ---> This stock is setting up for a Upside Run!! To do that, it needs to confirm the break above its 50EMA whit high volume again!! It is receiving a nice Buy Signal by its Bullish MACD Crossover!! Could be a nice long idea over $24.92

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