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.


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