Dearest readers,

Last week was a tough week for small cap lovers, with several stocks falling hard on very low volume. August is particularly a difficult month for traders, but this month has been really bad due to the lack of volume and the Russell weakness. I expect some rebound in the coming days in several small cap stocks due to its extreme oversold conditions, so be selective and play safe.

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Thursdays earnings report news has lit a fire under CASI Pharmaceuticals (NASDAQ: CASI) and I dont think it will be put out anytime soon. This looks like the start of a prolonged rally, one that could see this stock trading +400% higher than current levels according to Oppenheimer analyst Leland Gershell that yesterday raised the price target on CASI to $6.00 (from $5.00) while maintaining Outperform rating. From a technical perspective, the stock broke the long-term downtrend line yesterday with some volume if it can stay above this downtrend resistance level, next possible upside resistance may be around the 1.80 level. CASI remains, in my view, undervalued, and based upon recent actions by the company, I think the stock price should head higher. The way to make money in these markets is to find the undervalued stock before the market does. Lets keep an eye on her.

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Medavail Holdings Inc (NASDAQ:MDVL) on watch for a turnaround next week. It can be tough to pull the trigger on a stock that has fallen rapidly, but these same stocks can post big moves after they have fallen and GRNV showed this to be true yesterday. I expect that the odds are good at this point that we will see a big bounce back from an extreme oversold condition.

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Indaptus Therapeutics Inc (NASDAQ:INDP) The companys 13D filing on Friday after hours showed that Michael J. Newman had reported a stake of 25.7% in the company. The filing came out later in the session, so I think the stock should see a nice bump when it opens for trade on Monday. With such a low float and an oversold chart, this could create an explosive situation. If INDP is not on your watchlist now is the time to add it.

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Chemomab Therapeutics Ltd (NASDAQ:CMMB) was another example of some irrationality yesterday after a strong share price drop on very low volume. The company reported on Friday that it has cash and equivalents of $67 million and expects to fund current operating plan through mid 2023, so no dilution needed. This $15 stock, in my view, is one of the most undervalued small bio cap stocks out there, and I believe down the road it could be trading better than $20 a share. I really like this stock and think the $40 per share valuation will come at some point. As I said before, the way to make money in these markets is to find the undervalued stock before the market does.

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Apple (NASDAQ:AAPL) seems to be forming an ascending triangle pattern, a bullish continuation setup that typically breaks upward. Breakout watch over 149.78

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In the near term, Tesla, Inc (NASDAQ:TSLA) could remain range bound, but the further upside is expected only on a conclusive close above the $727 levels on higher volumes.


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. Dont consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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Dearest readers,

First and foremost I would like to thank everyone for all messages and support over the past months. I just surpassed 150000 followers on Twitter, a remarkable milestone for me. Secondly, wishing all of you a safe vacation period and having lots of fun. Theres no question its a different period of time, but we cant stop living our lives because of the COVID variants. Have a great time with your loved ones.

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Bit Digital Inc (NASDAQ:BTBT) is developing a bull flag just under its EMA200 and the breakout should be a nice one if it can hold up. Keep an eye on BTBT as it is starting to tick up. The stock is in a short-term bull market and should continue to go up as both 13 day and 20 day exp moving averages are heading up. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls.

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Lumos Pharma Inc (NASDAQ:LUMO) The stock was over $12 last month and closed yesterday at $7.60. We could see a sharp rally out of these extreme oversold conditions. With the EMA50 at $11.25 and the EMA200 at much loftier levels, there is a lot of room for this rebound to go. Plus, this company is also trading well below cash levels, which is a great catalyst for a strong rebound. I took a long position on Friday, looking for a potential bounce to double digits.

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BSQUARE Corporation (NASDAQ:BSQR) has been pulling back with lower volume after a big surge in price. Might be worth watching for a new move to the upside. If it breaks 3.4 next week, we could see +$5 quickly. Im in.

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Tiziana Life Sciences (NASDAQ:TLSA) bounced nicely off the rising EMA9 again on volume. Based on the chart and price action, I think the stock should test its declining EMA200 very soon. This COVID play deserves your attention going forward. On watch.

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Allied Healthcare Products Inc (NASDAQ:AHPI) was one of the biggest winners on Friday as the stock closed up $2.31 on the day with huge volumes. I alerted it when it was trading at $5.94 as a potential big mover and it did not disappoint us. Looking at the technical daily chart the near-term outlook is very positive, with the next pivot point at 10.25. Congrats to all of my followers who profited from it.

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Alset Ehome International Inc (NASDAQ:AEI) Despite all the hype regarding Tesla connections, the stock has been a complete disaster. I must admit that im losing a significant amount of cash here, but I will play the same strategy as PLUG at the beginning of 2019 when I bought a ton of stock around $1.25 in similar circumstances. Now that the offering is closed, we might start to see some upside movements. I think this will be a stock that will test my patience in the coming weeks/months. Patience is one of my best-known qualities as a trader which helped me achieve many goals in the market and life.

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AgriFORCE Growing Systems Ltd (NASDAQ:AGRI) Potential bottom play next week. The stock price has fallen hard over the past several weeks and looks ready for a rebound. The technical daily chart above is not only oversold but also shows a stock ready to post a sizable bounce with several key momentum indicators showing positive divergences.

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Keep an eye on Power Integrations Inc (NASDAQ:POWI), looks like it may be setting up for some movement to the upside. Breakout watch over 98.75

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Takung Art Co Ltd (NYSEAMERICAN:TKAT) Keep this one on watch, it could be setting up to break out of this rounding bottom base. Go long when it breaks on heavy volume. The $6 price level should be used as a stop.

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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. Dont consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC

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