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Saturday, April 10, 2021 

Ten symbols with interesting patterns to trade next week


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PVH (NYSE:PVH) is a candidate to be traded in breakout mode. The technical indicators are looking better for the stock with MACD indicator above its sell signal line, %K line on top of %D line and RSI indicator moving up from the 50 level. Keep an eye for a possible breakout over $110.89

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We are on the verge of a  possible trend reversal trade setup in the shares of Macy's (NYSE:M) after a healthy consolidation. The stock looks like it could be getting ready to go! Good technical and decent fundamentals here. The stock is worth a close look.

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My new big pick is Odonate Therapeutics Inc (NASDAQ: ODT). The stock made an awesome move yesterday breaking out of a major resistance line with volume backed confirmation. I went long at $3.85 as it's quite possible we should see a short term move near $4.97/share. The technical chart shows a bullish sign with %K line on top of %D line and MACD rising. Yesterday’s action in the share price leads me to believe that we may see a reversal trend at this level. To sustain this point of view, stock needs to sustain actual level in the days to come, so stay tuned to her. Mega Gap to fill here.

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Pyxis Tankers Inc (NASDAQ:PXS) is one for the bottom pickers. Upside volume is picking up and a rounding bottom is taking shape. I have been following and accumulating this stock for a few days now. The trend should resume back up in the very near future. I could be wrong, but I did not find a reason for the drop in shares as it did. It was likely a consequence of the negative market environment in the small cap index. Consider shares to be at a bit of a discount if my speculation is correct.  And honestly I have a lot of confidence regarding this.

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aTyr Pharma Inc (NASDAQ:LIFE) is beginning to make a move higher. Yesterday's fight toward the 20-EMA could represent the start of a larger trend change. Key resistance is located at $4.68, a break above this level will confirm the bullish trend and the following uptrend will take the price up to the $5.5 zone

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A move on  Fubotv Inc (NYSE:FUBO) above $26.2 could spark a nice short-squeeze next week. Looking at the technical daily chart there are several indications I see which suggest a potential bottom formation, including large positive divergences on MACD in daily. If the potential buy signal confirms itself, we will be looking for a move to the resistance area at $33.3-34.72, at the very least. Until that happens, traders will want to be on high-alert to the possibility of a bullish reversal. Long setup on watch.

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Building a nice falling wedge, holding above EMA100. A move on  Wisekey International Holding AG (NASDAQ:WKEY) above $12 could spark a nice short-squeeze. The stock will move very quickly, so watch the stock very closely over the next few trading sessions.

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I'm watching ATA Creativity Global (NASDAQ:AACG) again as the stock looks to be setting up for a big upside move in line with the other EDU China stocks. Potential upside of 60% exists for the stock, based on a current level of $4.06 and analysts' average consensus price target of $6.50. The stock should find initial resistance at $4.14 and further resistance at its 20-day EMA of $4.32

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Greenpro Capital Corp (NASDAQ:GRNQ) With Bitcoin making new highs, this stock should be in your watchlist on Monday. A break above 3.18 will impart bullishness and will help the stock move to the short-term target zone of the 3.75-4.1 range.

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Riot Blockchain Inc (NASDAQ:RIOT) Love this triangle formation on 4h chart. Needs to break out either side to see significant moves.

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.


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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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