Picks for 1/14/2022

Long QQQ Puts.


T - I remain bullish on ATT and plan to hold through 2022, however the stock has rallied over 20% in less than a month with the RSI approaching over bought levels going from 29.8 to 74.6 in the same period.

The price pulled back after breaking thru resistance and closed under resistance which also coincides with the 1.61 fib level.

I anticipate a pullback and to trend line (monthly) or the 1 fib level (25.58-24.98) and then a continuation of the rally to $30+ in the short term. This would create a cup & handle pattern.

GLD - Still bullish on gold.

15 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