Picks for 11/16/20

Premarket looks mostly green on Covid vaccine news. Today I will be watching:


I like the MACD cross and the close above the 61.8% Fibonacci level after testing it twice before. Also, we should see a "golden cross" as the 50MA crosses the 200MA in the next week or so. This of course would be very bullish.


MACD is curling and the price closed above the 23.6% Fib level after testing resistance at 4.80. I would like to see it retest and hold 4.65 before going long for a swing trade. First target 5.53

Finally, I will continue adding to VERI and JMIA on dips. Potential to scalp these intraday as well.

New to my watchlist: WWR, LAC, NK, ZOM, CANF. I believe these could all move sooner than later but the setup is not quite there.

39 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