My pick for the week is long CEDC which has been picked several times during the past weeks.

Weekly impulse is blue.

On the daily chart CEDC has tried to push through the 50dema 4 times and has consolidated just below it. It looks like it wants to jump through it very soon.

I am looking for an entry around 12.07 area or in case of breakout I’ll try to make on entry on the fist intraday pullback.

13.20 -13.70 area might act as a resistance. However, I am looking for a vigorous short squeeze above the 50dema that might slingshot the stock well above the upper channel line.