Search

Picks for 6/9/21

Updated: Jun 10, 2021

NLST - I have been long NLSTfor about a year and I try to add whenever I can.


I am liking the current set up. Price has been consolidating in the low $2s for about a month and with the MACD creeping up and the RSI at 52 it looks like NLSThas room to run. Yesterday's candle managed to close above the .23 fib level and the 10 ema is getting ready to cross the 20 ema .


Target: $2.27, $2.44, $2.61 short term

SLS - Yesterday's (6/8) candle took out two fibonacci levels to close above the .38 fib level. The set up resembles a jacked up cup and handle . After a healthy retracement from its recent high I am looking for a move up the fibonacci scale.


target: 11.85, 12.19, 12,70, 13.35


PAGS - Yesterday 's (6/8) candle made a "hammer to close. Consolidation is likely given the RSI is approaching overbought levels, but today's open will be a tell.


I will look to add between the POC (48.70) and the .23 fib level (49.33). If tomorrow's candle gaps up or makes a strong move to the upside I believe 56.5 will be in play before PAGS takes a breather.

Also watching: SOFI, VERI, AMWL, TRCH, SVRA, DAKT, LODE

14 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

CNP - Price closed above the (weekly) trend line in addition to breaking out of the rising wedge on the daily. The close above 1 Fibonacci level and 32.67 (prior resistance) is a bullish signal, espec

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