Pick for 6/7/22

AXLA - MACD cross recently and the ADX is showing a relatively strong trend around 25 with the D+ well above D-.


The two most recent candles are very bullish . The most recent making a wide ranging hammer that closed above the .38 fibonacci level and the 200 SMA . OBV is rising, confirming price action.


AXLA has a relatively strong NEGATIVE correlation to all 3 major indexes so this could offer some green days in the event of further downside in the broader markets.


Looking at the 200 SMA for support and targeting:

$2.91, $3.26 and $3.76



19 views0 comments

Recent Posts

See All

PYPL - The 8/3 gap was filled on 2/1 at 89.63 and tested again. The most recent candles have been relatively large and green closing above the .5 fibonacci level. The 9 EMA crossed the 20 EMA shows

AES - AES made a "golden cross" on 9/1 and the daily candle made a bullish engulfing candle. In addition the Bullish Engulfing candle closed above the (weekly) descending trend line of the triangle. O

DCPH - Price is working its way to the end of the wedge and closed above the 1.61 fib level after pulling back from a bull flag . OBV crossed its 20 day EMA , D+ crossed D- on the ADX and the MAC