Stock Chart Analysis – JASO, BDSI, NGD

It’s been a while since my last charting session, although, with the most recent market moves, I felt it better to keep on the watch and see what develops.

Most of the stocks listed here are possible turnaround plays. In other words, they were beaten down over last couple of days or weeks and now sit at point of rebound higher.

Remember that you should always wait for confirmation move higher before jumping straight in.

JA Solar Holdings (JASO)

This has been one of my favorite stocks as of late because its rise and falls have been pretty predictable. What we’re looking for here is pretty simple: a bounce off the 200 SMA. Both the RSI and MACD look in decent position to have a swing higher if its going to happen here.

BioDelivery Sciences International (BDSI)

The average volume is right below where I like it to be (500k); however, it seems to be pretty popular around the Twitter world right now. Pretty much what we’re looking for here is breakout through the 50 day SMA.

New Gold (NGD)

Here’s to hoping the pattern holds. NGD’s 50 SMA has held up as support the 3 previous times, so lets see if we can get another bounce on the 4th. The RSI looks like it might have stalled out its decline around 50, so a bounce there would convince us even more.

See what the triangles have to say. Get a free trend analysis for any of these stocks.

Let me know what you think about these stocks, down in the comments.