Picks for 4/30/21

Premarket looks red and today could be a mess. Will likely stay on the side line today but I will be watching the following:

GLD - Gold assets have fallen out of favor in recent months and the price is well off its highs. Price closed above a significant level that acted as resistance back in April and May of 2020 and the same level acted as support in November 2020.

GLD double bottomed in March at the $157 level and trended up since then.

With the RSI in check, MACD positive and the current price in close proximity to the POC line YTD I feel this is a good entry point especially given the increased talk of inflation risk.

Targeting: $171, $179, $183

INSG - Inseego is on its trend line support level and I will be watching for it to hold the $9.17 level for a potential long swing. If it fails to hold I will look to add in the $8.20 range.


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