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Second Sight Medical Products Inc
(NASDAQ:EYES) The stock closed on Friday above its major EMAs with high
volumes gaining 10% over its previous close indicating accumulation of
the stock at current levels. The stock appears positive on daily charts
and may move up to 15 once it breaks above previous pivot high. The
technical indicator ADX is showing a sign of strength, with the +DI line
above the -DI line. Further, the RSI is turning up from its support
level, while the MACD is showing signs of bottoming. I will watch the
stock price next week and add more above Friday’s high.
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Rambus Inc. (NASDAQ:RMBS) has an
interesting daily technical chart and could have another bigger move
soon. The break of the next key horizontal resistance line with heavy
volume should be the next buy point. If price clears resistance at
$14.58, the next move may be powerful. The outlook for stock remains
positive supported by the major EMAs and momentum indicators. Strong
support for the stock exists at 14.08.
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Shares of Bitauto Hldg Ltd
(NYSE:BITA) have room for a significant uptick beyond these levels.
Volume starts to pick up again. A move above $65.77 could trigger a
sharp move higher. Long set-up on watch.
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Apple Inc. (NASDAQ:AAPL) may be
setting up to make new highs next week. Next buy area is when the stock
clears 133.98 on heavy volume. From a technical standpoint momentum
indicators are in bullish zones. The daily MACD is moving above its
signal line in positive territory, while RSI is moving up above its 50%
level. All major EMAs are rising and the stock is trading above them.
For now the bulls remain in control.
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Chesapeake Energy Corporation
(NYSE:CHK) should be at the top of your radar screen next week. The
50-day EMA has been proved to be a strong resistance. More times the
resistance has been tested, there is good chance for breaking above that
point. Technically speaking, I feel that there is a possibility for CHK
to go beyond $15.41 next week. Carl Icahn has steadily increased his
stake in this name.
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Himax Technologies, Inc.
(NASDAQ:HIMX) is finally stepping up after weeks of frustration. The
price is building momentum and broke yesterday the downtrend line that
it established since January on high volumes with 7.05 as the first
upside objective.
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