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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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

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

DCPH - Price is working its way to the end of the wedge and closed above the 1.61 fib level after pulling back from a bull flag . OBV crossed its 20 day EMA , D+ crossed D- on the ADX and the MAC