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.

Also watching: JMIA, DSX, PINS, CVM, LRMR, CERC, CAAP

9 views0 comments

Recent Posts

See All

TG - Originally picked this on 2/17 and after hitting my target it has retraced and appears to be setting up again with a recent MACD cross and close above the .5 fib level are very bullish . Also h

EXTN - Hit my prior target ($7.36) in 15 trading days. I remain bullish and up the target to $8.09 Also watching: AUY, BKR, ARKO, FTI, TG

ELMD - We see a series of higher lows since November 2020 and a recent break out above the descending trend line on the weekly chart ( wedge ). Also the MACD is crossing over and momentum recently c