Picks for 1/11/2022

NLST - On the daily chart we see a massive symmetrical triangle that started in June 21 when the price rallied from the low $2s to a high of $10.20.

Price has bounced within the triangle testing the testing the ascending and descending trend lines 4 times.

The current price is exactly at the POC line, where the most volume of shares have traded from June 21, 2021 to current. The MACD is positive and the D+ is crossing the D- suggesting a the start of a new uptrend.

It is also relevant to mention that we are currently approx 75% thru the triangle formation a point where break outs or break downs often occur.

Looking for a break above the descending trend line with high relative volume to confirm the breakout.

$7.46 short term target. Catalysts will ultimately determine the upcoming move.

Looking for new highs in the mid to long term.

CNDT - Chart still looks strong in my opinion. Staying long.

T - This has moved as anticipated since I picked it on 12/20. I remain long and will add on dips.

Also watching: IEP, LTRX, SXOOF, SDPI, HALL

11 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