Picks for 4/12/21

I am cautiously watching the broader markets, specifically the IWM for signs of weakness. A dip in the IWM bellow certain levels would indicate potential downside risk in many of the picks I make.

APEN - I want to see this hold $5.53 to go long for a swing trade. I like the proximity to the YTD POC line which is also at the .38 fib level. Also the MACD is crossing and the break out from the descending trend line is very bullish .

Targeting 6.2, 6.7, 7.96

TIGR - This stock looks like it could break either way depending on the broader market. It has a high positive correlation to the IWM so I will be watching to see how IWM holds up to determine which way I want to go with this.

I'd like to see it break the .23 fibonacci level to take it long for a swing up the fibonacci scale with a final target of 38.50.

If the broader markets are negative in the next few days it will likely retest the lows in the $13 range.


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