Picks for 12/21/21

T - We see a recent MACD cross in addition to the D+ crossing the D- on the ADX indicator. In addition we see some very bullish price action in the last 3 trading days:


1. Gap up from the low

2. Large green bar that filled the down gap from 11/29

3. Dragonfly Doji testing the .78 fib level but closing over the 1 level & also the prior large bar's close

4. Hammer candle that tested the gap fill level and is continuing the rally upward.


It appears that the bulls are liking these prices and given the 8.6% divyield and the fair value of $30.80/share I think T has a lot of room to run.


targeting: $28.19, $29.32, 33.48

Also watching: TCDA, CNDT, LPTH, NLST

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