Picks for 3/26/21

Premarket is mixed and I think the downtrend will continue with some green days in the mix. I will be cautiously watching some tickers:

SITC - The giant bullish engulfing candle is very bullish as is the bounce off the 50 SMA . In addition the 9ema is still above the 20ema and the current price is in close proximity to the YTD POC line. Yesterday's candle tested 4 fibonacci levels which is a very bullish sign in my opinion. I will consider entry over $13.30 with a short term target of $14.08

NMTR - This moved as anticipated yesterday and I am watching for it to continue.

OPNT - This retested the $10.50 level and may be ready to move upward.

ATNF - ATNF has moved as anticipated since I picked it on 3/9 and after a pullback it managed to close above the .5 fibonacci level. It has been active today premarket and it looks like it will run higher.

Also watching: CVM, NLST, CSLT, IVR, BCRX

58 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