Picks for 3/22/21

CVM - CVMf ell victim to a short attack triggered by a tweet from aging Biotech Blogger/ Biotech Hitman Adam Feuerstein on Friday.

This brought the price down to the 0 fibonacci level which is in close proximity to the $16.60 support level . Despite the heavy selling volume CVM tested key levels $16.83, $16.60 to close higher.

The RSI is oversold and price is bellow the POC line which represents the price where the most shares were traded (YTD). 70% of shares traded YTD were traded above the current price. I anticipate a bounce to $23.74 short term. Long term $150

Disclosure: Long AF CVM and its my favorite stock

MEIP - MACD is curling up for a cross and the 9ema is crossing the 20ema. Last candle showed strength and closed just bellow the 50% fibonacci level which is resistance. Looking for a break of $3.90

Short term target $4.58

CODI - Most recent candle tested 3 fibonacci levels and the descending trend line to close just under the .61 Fib level. Also the MACD is going to cross any time now. In addition the proximity to the YTD POC line seems to make this a low risk entry. Considering an entry over $24.64

Target $25.94

Also watching: FEIM, DSX, BXRX, CSLT, BORR, SIFY

53 views0 comments

Recent Posts

See All

Picks for 12/7/21

CNDT - MACD is crossing and the price has consolidated for several days at the 4.96 level, which has acted as a key support/resistance level in the past. The most recent candle tested the uptrend lin

Picks for 12/6/21

AAPL, WBA, SXOOF NLST - Market overreaction to the case vs Samung may create an opportunity to add shares.

Picks for 12/3/21

CDEV - It looks like it could be in the early stages of a reversal as the most recent candle tested the 200 sma and closed above the .50 fibonacci level. A tight stop is necessary until the reversal