Trade Ideas For Week Of April 16, 2012Antonio Costaupdated Apr 14, 2012TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity. ( click to enlarge )Renren Inc (RENN) stock closed right at a key resistance level Friday with a bullish green candle. At this point, the stock is overbought but volume and money flow still building. Nearest resistance for the stock is at $7.45. If this level is crossed and the stock is able to sustain above this level, then it might go to $8. For long trades, stop loss should be placed at around 5.92. Watch the stock closely next week. ( click to enlarge ) Sequenom, Inc.(SQNM) had a bullish momentum on Friday, closing the day with a gain of more than one percentage point near the highest price of the day on a sell-off day on Wall Street. The bias is bullish in nearest term especially if price able to stay consistently above $3.93 targeting $4.50. Stock was oversold and is now in reverse. Note a positive MACD divergence on daily chart and bull cross. ( click to enlarge ) Visa Inc (V) broke out on Friday and made a new 52-week high of $123.68. I'm keeping V on the list for the continuation move. The stock had big buyers in it all day and looks ready to make another move on Monday. I'm using Friday’s high as resistance. A break above that area could trigger further bullish momentum. ( click to enlarge ) Sirius XM Radio Inc (SIRI) - From a technical standpoint, this stock is currently in an uptrend and is finding support from its 50 DMA at 2.23 . If it stays above and moves up, then it might even go to 2.41. If the stock falls below this level, then it might see further weakness. ( click to enlarge ) E Commerce China Dangdang Inc (DANG) had a significant bullish momentum last week after break above 10 and now struggling around 10.3. Looking at the technical chart above the bias is bullish in nearest term especially if price is able to stay consistently above 10 targeting 11.25. Unless we have another movement back below this level, I think DANG still in a bullish correction phase. ( click to enlarge ) FormFactor, Inc. (FORM) stock has entered into a consolidation phase after rising very fast in the past few days. The bias remains bullish in nearest term. Immediate resistance remains at $6. Break above that level could trigger further bullish momentum towards $6.5 area. Initial support remains at $5.54 ( 20-day moving average ). I expect positive trend in the stock to continue with immediate target placed at $6.During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.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. ACEditorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.