
Picks for 2/4/21
OI - I like the consolidation in the last month. The current price is right above the POC for the last month which should make this a low risk entry. The most recent daily candle tested the 23 and 38% fibonacci levels to close above the 38% fib level. Id like to see it close over 13.33 to enter for a run at resistance at 13.59
First target 13.96
Second target 14.4
Swing target 17.85
RYAM - MACD crossing over as is the 9 ema over the 20 ema. Id like to see it hold the 8.65 level. First target 9.29 Swing target: 12.53. Be aware earnings are scheduled to be reported 2/4
TK - MACD is curling up and the most recent candle closed above the 50% fibonacci level after testing the 61% level. Also the rsi is rising but still relatively low.
1st target 2.89
2nd target 3.38
Also on watch: LBRT, UTSI, BWEN, COCP, ALDX, FHN, CDMO, AVXL, CVM