Picks for 3/8/21

Premarket looks red and likely to continue the down trend as Covid relief bill and rising rates are digested.

I will cautiously watch the following tickers today:

INSG - It looks like INSG has bottomed after testing the 0 fibonacci level which also coincides with the ascending trend line on the weekly time frame. Also the price is well bellow the 12 month POC line (11.02) and the RSI is way over sold.

First target 11.05

Second 12.50

ITP - I like the most recent candle's test of both the 200 SMA and the 1 fibonacci level. Also the RSI is curling up. It's also well bellow the 6 month POC line which is .80 cents. I think this price offers a low risk entry. First target .80, second target .99 cents

Also watching: NSLT, CVM, AXL, CNDT, SXC, BKEP and CYDY

42 views0 comments

Recent Posts

See All

Picks for 6/11/21

KTRA - Short term MAs are crossing the longer term MAs and the MACD is rising. I like yesterday's candle retesting the 0 fib level m testing the .38 level and closing above the .23 fib level. Looking

Picks for 6/10/21

AVTR - Yesterday's candle held most of the prior day's gain and closed above the .5 fib level. The MACD recently crossed and the RSI is still relatively low. Looking for the .5 fibonacci level to ho

Picks for 6/8/21

TRCH - I like the recent consolidation at the .38 fib level and yesterday's gap up to open after the prior day's bullish pin bar . Yesterday's price closed above the .5 fib level which is bullish . Lo