Picks for 12/30/20

Watching some new stuff today.

BABA - Typically I dont get into Mega Caps but the recent pullback BABA has seen has created a great opportunity to add a big name, fast growing company to the portfolio. I started adding on the initial drop a few days ago and will continue adding on dips. With a fair value of $283 and an average analyst price target of $330 I think BABA has a lot of upside here. (Graphic comes from StockRover.com)

PVG - Some consolidation the last few days along the .23 Fibonacci level and which also corresponds to the trend line and the POC (red). I think this offers a low-risk entry at this level. I think it climbs the Fibonacci scale. $11.50 first target, $12.03 2nd target

TMDI - This moved as expected since I mentioned it a few days ago and I am watching this for a continuation move.

Also watching: TRIL, IDEX, GLYC, CKPT, VERI and JMIA.

29 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