Picks for 9/8/2022

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, especially given the strength of the candle.


D+ crossed th D- indicator on the ADX and the MACD is also curling up for a MACD cross.


Force Index (13), (2) are both positive and OBV is confirming the recent price action.


2 x ATR stop at $31.42

Target: $35.80



AES - Picked this on 9/2 and it has since rallied. Still looking for $28.89


FTV - Linear regression channel is sloped up and the current price broke above the regression line and the 200 SMA after testing support at $62


OBV is turning up as is the Force Index (13), (2) and the MACD .


On the ADX the D+ just crossed the D- which is very bullish .


Stop: 2 X ATR

Target : 69.02 (prior high)



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