
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.