MEG.TO If you have given up on energy stocks you may want to reconsider as many look like they have put in a bottom and may be poised for long term growth. Here is one example, with longer term charts even more bullish.
Monday, December 14, 2020
SPLK Splunk Inc
SPLK has corrected over 50% of the advance from the March lows and may have found a bottom. The last 2 times the RSI touched 30 and bounced up (over sold) provided good returns. 12 strong buy ratings with price targets between $157-$300.
DBX Dropbox Inc
DBX showing signs of life again with indicators moving back up, although very short term may be a bit extended. 6 analysts following with 5 strong buy ratings and price targets of $24-$30.
Friday, December 11, 2020
KCH21 Coffee Mar '21
Coffee has pulled back about 50% of it's recent move upward and has found support in the 115.00 area. RSI still above 50, and if the up move continues the price projection will be the old highs near 135.
NNOX Nano-X Imaging Ltd
NNOX formed a double top and then pulled back to support around $40. RSI is still above 50, and the stock still has some room to the upside.
Gold Platinum Spread
Gold has almost always traded at a discount to Platinum, but starting about 5 years ago that changed. Platinum recently traded at over $1,000 discount to gold, but it looks like that trend may now be reversing back to "normal".
Thursday, December 10, 2020
LTCUSD Litecoin - USD
Are double tops forming on all the major crypto currencies? With LTC Litecoin we had 2 attempts to clear $95 without success, although support has been found between $65-$70 for now. Strength is waning but still slightly positive. Be careful.
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