
Picks for 8/4/21
RCM - The 10 ema is preparing to cross the 20ema and yesterday's candle closed above the .5 fib level. The RSI is low and the MACD crossed a few days ago.
I think this is setting up for a reversal. A high low could confirm this. Looking for it to close above 21.30 for confirmation.
First target 22.88, 24.80, 27.89
BDR - MACD is curling up for a cross and yesterday's candle tested the .38 fib level and 200 SMA to close above the .23 level. The RSI is still on the low side at 50.
I would like to see a strong move up with volume to close above the 200 SMA to buy in for a long swing position.
Targeting: 1.46-1.85 in the medium term
STIM - This may be very over sold. Price dropped 40%+ after missing earnings by 20%. I will keep an eye on this.
Also watching: PPBT, CRNT, INVA, NLST, HDVY, PAE, CFMS