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

PYPL - The 8/3 gap was filled on 2/1 at 89.63 and tested again. The most recent candles have been relatively large and green closing above the .5 fibonacci level. The 9 EMA crossed the 20 EMA shows

AES - AES made a "golden cross" on 9/1 and the daily candle made a bullish engulfing candle. In addition the Bullish Engulfing candle closed above the (weekly) descending trend line of the triangle. O

DCPH - Price is working its way to the end of the wedge and closed above the 1.61 fib level after pulling back from a bull flag . OBV crossed its 20 day EMA , D+ crossed D- on the ADX and the MAC