Search

Picks for 12/8/20

Watching some new stocks today.


HMHC - This one came to me thru one of my screeners. I like the recent "Golden Cross" on Nov. 23 and the price action that followed. After testing resistance twice at $3.53 it managed to break thru and close above it which is also the .78% Fibonacci level.


First target $3.91

Second target $4.99


CVM - I typically avoid discussing CVM because it is by far my biggest position. I don't want to appear to be "Pumping" this stock. The stock rallied after announcing data lock. It looks ready to move to all-timehighs. The 9ema crossed the 20 ema and it appears like we may see a "golden cross" this week. In addition, the MACD is rising and yesterday saw the most volume in months.


Continued volume and the imminent release of data should drive the price to the $18.4 range before the data release. Good data will bring $80-$100.


VERI and JMIA are still beasts and should be owned or at least traded. Also watching STIM, AMPE and CMCM today.

69 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