Despite Fears of an Imminent Market Correction, Several Bullish Chart Patterns Emerge- Part 2-The Stocks & Charts

Here are several stocks that I like. They are all showing interesting chart patterns and displaying technical strength


Stocks: AEY, HA, MCZ, NEOG, NG

AEY

Although I suffered a loss on AEY the last time I traded it, I still believe that the stock can make a good trade at the current price level. This is mostly due to the strong bounce off of the 50 day MA on robust volume. A small position is key at first. If it continues to improve, add more.

HA

HA has recently reclaimed its 50 day MA on huge surges of volume. This is signaling some institutional interest in the stock and may hint towards future upward moves.

MCZ

MCZ has successfully bounced off its 200 day MA on higher volume. The current price level provides a low-risk entry right above the 50 day MA.

NEOG

NEOG is a thinly traded stock that is experiencing increased volume during the last few trading sessions. The stock has recently announced strong Q1 earnings which is mostly likely the reason for the renewed interest in this NEOG.

NG

With gold stocks beginning to move into positive territory, it is a no-brainer for me to include a gold stock. NG is currently one of my favorite gold/silver setups. It has recently reclaimed its 50 day MA and has no strayed far from it, allowing one a low-risk entry into the stock.

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Stocks to Add to:

Add to- APPY, BIDZ, CLDA, JST, POSH, SIMC, SQNM

I will try to post some more picks for tomorrow. In addition, I will try to mention some of the current stocks that one should add more to. Later.