Picks for 8/8/2022

XAIR - XAIR has formed a giant bullish pennant with the price closing just under the. 38 Fibonacci level . Bullish divergence can also be seen as the OBV remained flat (slightly positive) while the price declined during the same period. This could signal accumulation. The 50MA is rising rapidly and cold make a "golden cross" in the short term when it crosses over the 200MA.

The ADX is at 23 suggesting a moderately strong trend with D+ also rising and well above D-.

Price is still well below the POC (12months) suggesting there is demand for shares at higher prices.

targeting: $11.01, $12.55

AMWL - D+ recently crossed D- on the ADX signaling a change in trend. In addition MACD is indicating that momentum is increasing and the most recent candle closed making a Bullish Engulfing candle with heavy volume .

The close also broke above:

the descending (weekly) trend line

the 200 MA and also the the .78 Fibonacci level.

The confluence of these bullish signals in itself is very bullish .

After consolidating in the $3-$4 range I believe AMWLis setting up for a prolonged rally .

Targeting: $6.17, $9.12, $11.80

ZOM - Watching to see if it can remain above the 200MA for a possible add.

Also watching: VERI, XBI, DCGO, SBUX

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