Picks for 4/22/21

Premarket looks slightly red so I will be watching to see which way we are headed this morning. Watching mostly some familiar tickers.

CERC - Cerc is very oversold with an RSI of 37. It appears to have found support on the weekly trend line and yesterday it closed above the 0 fibonacci level. With the POC line YTD at $3.18 and the MACD startingto curl up I think this is a low risk entry for a long swing.

target: $2.71, $3, $3.36, $3.65 in the short term.

APEN - This has been volatile but has been moving as anticipated. First target was achieved on 4/19 and yesterday it closed above the .5 fib level. It appears to have more room to run.

CVM - CVM closed at the .78 fibonacci level after briefly breaking higher. The MACD is positive and the RSI is still relatively cool at 62.

With a major catalyst due any day now this looks like it wants to run to prior highs.

Targeting $21.72, $26.56 in the short term.

Also watching: VERI, GTES, REVG, TGB, RC, GSKY

17 views0 comments

Recent Posts

See All

Picks for 12/7/21

CNDT - MACD is crossing and the price has consolidated for several days at the 4.96 level, which has acted as a key support/resistance level in the past. The most recent candle tested the uptrend lin

Picks for 12/6/21

AAPL, WBA, SXOOF NLST - Market overreaction to the case vs Samung may create an opportunity to add shares.

Picks for 12/3/21

CDEV - It looks like it could be in the early stages of a reversal as the most recent candle tested the 200 sma and closed above the .50 fibonacci level. A tight stop is necessary until the reversal