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Here are seven small cap stocks on my top watchlist for potential swing trade for Friday

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Shares of  Electrameccanica Vehicles Corp (NASDAQ:SOLO) are starting to heat up and are worth watching. If volume can pick up I think this Stock can break through resistance at $2.5 and re-test its July highs around $3.10. Im long.

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ANCHIANO THERAP/S ADR (NASDAQ:ANCN) I can see this stock making a quick move higher Friday, just as it did today. I am looking for the $2.6 break and a chance to see $3 The accumulation on the daily chart is telling me people are buying and the selling is light.

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Trans World Entertainment Corporation (NASDAQ:TWMC) looks poised to break out of a falling wedge pattern and MACD is about to climb above the signal line. If it clears resistance the move may be powerful.

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Plus Therapeutics Inc (NASDAQ:PSTV) appears to have broken out of a large falling wedge formation on hourly, spiking above the resistance line. The stock closed Thursday up 55 cents to 8.36 and is setting up for a possible move to the 10 area. A clear break above 9.5 could lead to short covering and potentially a short squeeze. Momentum indicators are bouncing off oversold conditions.
 
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IRIDEX Corporation (NASDAQ:IRIX) appears to be poised for a nice bounce off this bottom. From my point of view, the stock has formed a bottom in short-term and I expect a move past 2.20 to take the stock towards the target of 2.5 with stop-loss at 1.99

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OBLN has been in a two-week bullish flag formation off its sharp rebound rally in the first days of September. A break of the flag pattern to the upside targets a move to the 2.75 to 3 area. The climbing MACD is supporting a bullis trend. The huge short interest could fuel some big spikes higher soon, so watch for a potential breakout attempt. I still long and strong.

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Worth eyeing, poised to breakout. The area comprehended between $2.35 and $2.45 represents a heavy resistance for shares of  Taronis Technologies Inc (NASDAQ:TRNX). A close above this key resistance area would have positive implications and could drive the stock much higher. Keep the stock on your radar.

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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. Don't consider buying or selling any stock without conducting your own due diligence.

Thanks for visiting AC Investor Blog.

AC


This post first appeared on AC Investor, please read the originial post: here

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Here are seven small cap stocks on my top watchlist for potential swing trade for Friday

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