Picks for 3/9/21

Looks like markets want to open green today. I welcome the green but I doubt that the down trend is over at this point. I will be watching a few stocks for intraday moves and potential short swings.


CYH - This is a good looking chart: 1. Trend line was tested and held 6x 2. 3 prior candles showed strength, made higher lows with long wicks to close much higher 3. Price closed above resistance (white line) 4. Price tested the .382 fibonacci level and closed right under it (new resistance) 5. 9EMA is x 50 SMA 6. MACD crossing 7. Relatively close to POC (Nov-Present) 8. Price broke the descending trend line . I think this one is going back to its recent high of $11.45

ITP - Sticking with my swing trade.

INSG - Inseego is highly correlated to the QQQ ETF with a .9 correlation coefficient. It looks like the QQQ wants to open up 2.5% or so INSG should have a big day as well.

AXL - This has moved as anticipated and surpassed my first target of 11.06. I would raise the stop loss to $11 and let it ride.


Also watching: BKEP, PLTR, CVM, NSLT, TK, QCOM, VERI, SXC and AXTI

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