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Saturday, March 13, 2021 

Potential trend reversals for opening Long trades next week


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BlackBerry (NYSE:BB) is a stock I wrote about recently as one to watch for a potential reversal as one that has been on my bottom scan. Friday that reversal came to fruition to the tune of an 10.75% gain for the stock. Momentum indicators are looking bullish, with MACD crossing abv the signal line and the RSI breaching 50 and presently lies at 54.76. Watch for continuation next week.

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aTyr Pharma Inc (NASDAQ:LIFE) is on the verge of really blowing up. I would not be surprised to see the stock test the $6 level at some point over the next few days. The daily technical chart sure shows a possible reversal in trend coming. Watch Monday's action for a possible breakout over $5.09. The technical indicators such as KD and MACD also show buy signals as the%K line has just crossed on top over %D line and MACD is turning up. The short-term trend is positive as the stock is trading upwards along with short-term EMAs. A break above immediate 5.09 resistance will confirm the bullish trend and the following uptrend will take price up to 6 zone initially.

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CLPS Inc (NASDAQ:CLPS) gave us a nice move on Friday, which could be the start of a bullish reversal and a short-term bottom. The technical indicators on H4 are looking better for the stock with the MACD indicator above its sell signal line and RSI indicator moving up from the 50% level. Friday Chairman's Letter to the Company's Shareholders is very bullish. The stock was trading at $19.50 in Feb and closed on Friday at $5.47. I think it could see a sharp reversal in the next few sessions. I took a big position.

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Neptune Wellness Solutions Inc  (NASDAQ:NEPT) is screaming for a bounce opportunity and I think we can see some nice moves in the coming week. Go long on the break of Friday‚Äôs high. Daily technical indicators are in bearish zones but are beginning to show some signs of turning around. MACD and RSI are showing positive divergences by not falling to new lows. Keep it on your watch list. A break of $1.72 with force might give the stock room to $2

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BSQUARE Corporation (NASDAQ:BSQR) continues to garner some attention and the stock could explode to the upside in a new rally. I'd look to the $4.97 level moving as the next buy point. If it passes that, then we have room to run to next resistance at $6.75. On the momentum front, I'm seeing some positive divergences in several indicators, such as MACD and RSI on H4

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Some serious upside volume coming into  Bit Digital Inc   (NASDAQ:BTBT) over the last few days. Looks like it is getting ready for a big breakout soon. A high volume move through the 18.86 price level would be buyable. Stay tuned.

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FSD Pharma Inc  (NASDAQ:HUGE) As you can see in the daily technical chart above, it looks like the stock is ready to continue its recent run higher. The bottom is rounding and technical indicators are beginning to turn positive again. Breakout watch over 2.09

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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.


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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