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

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