Picks for 12/17/20

Today I am watching:


MGI - Chart looks bullish with the 9 ema about to cross the 20 ema and MACD rising. Yesterday's candle closed right up against the 38.2% fib level. Id like to see a break of 6.82 to go long for a swing trade. Targeting $7.22 then $7.53


NLST - NLST is currently very oversold with the RSI around 27. With a major catalyst in the works (Google settlement) it looks like NLST may drop to its prior support levels from August and September of this year. I will be adding to my long position between .41-.45¢

RVP - Was down substantially yesterday but it appears that the longer term uptrend is very much intact as it closed at its 50% fib level yesterday. If you can stomach the volatility this looks fairly predictable as it seems to respect the fib levels.


Also watching: XERS and DAKT to continue their moves up. JMIA is on watch for intraday scalps. FTFT is also still in play.


158 views0 comments

Recent Posts

See All

TG - Originally picked this on 2/17 and after hitting my target it has retraced and appears to be setting up again with a recent MACD cross and close above the .5 fib level are very bullish . Also h

EXTN - Hit my prior target ($7.36) in 15 trading days. I remain bullish and up the target to $8.09 Also watching: AUY, BKR, ARKO, FTI, TG

ELMD - We see a series of higher lows since November 2020 and a recent break out above the descending trend line on the weekly chart ( wedge ). Also the MACD is crossing over and momentum recently c