Picks for 6/1/21

Premarket is showing green across the board and its the start of a new quarter and the second half of 2021. Institutions and big money are likely going to be moving money around in to new positions. I anticipate a green day with above average volume.

CSLT - I have traded CSLT with success several times in the last couple years. It has the ability to make big intraday moves. The current set up looks like it is ready to make a move to the upside. The 9ema crossed the 20ema and Friday's candle gapped up slightly to test the descending trend line and to close above the .50 fib level. With the MACD curling up and the RSI still relatively cool I think CSLT is likely to break out.

Targeting 1.98, 2.10 in the short term


45 views1 comment

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