Best Stock Picks Today | CLSK Swing Trade 12-28-20


Why Stocks of Bitcoin Miners CleanSpark, Marathon, and Riot Blockchain Were Up Again 

Shares of CleanSpark (NASDAQ:CLSK) shot higher on Tuesday on news that it had acquired more equipment to mine bitcoin.

The company is a technology company in the energy sector, but it expanded its business into bitcoin when it acquired a bitcoin mining operation called ATL Data Centers earlier in December. More equipment allows more bitcoin to be mined, which is why CleanSpark stock was up 18% today (12-22-28). Source Motley Fool

CLSK and BLNK traded through our optimal entry but the profit targets remains valid. This just means we need to adjust our shares size on the initial entry.

Both stocks showed strong bullish momentum to set up this week's swing trades.

FUBO and JMIA offer new trades on recent pull backs giving us profit targets beyond the previous highs. For FUBO I'm looking to be a buyer on a lower open. DQ fits this trade setup too.

SBE (Switchback Energy) looks like a solid breakout but deeper tape reading shows the stock failed twice at the $48 level. I need to see buyers "hold the bid" before committing new capital.

Financial stocks traded into our optimal entry giving an easy setup to mange risk and set profit targets. I'll be looking at C, JPM and GS this week.

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