AEGY AERO ATTBF AVTC BRDT CANN CANV CARA CBDS CBGI
AEGY
Contracting volume since January”s high has all but died on the vine. Bounces have begun chipping away at the pullback”s internal resistance. Three levels are identified. Breaking above them while volume begins expanding again would target an attack on 1.5 cents, potentially also 1.75 cents. Meanwhile, support at a half-cent might be unable to prevent another dip from breaking lower.
AERO
VOLUME CAVEAT… “X” marks the spots where new sponsorhip reinforced what was already a gradually firming chart. Its 61.8% extension to 10.22 is the earliest possible candidate for a near-term peak, so peaking there is potentially bullish, because that suggests excessive optimism hasn”t yet overpriced shares. Now that pattern”s maximum allowable pullback is being tested at 6.70 and 7.64. Closing under 5.83 would start to signal a much bigger drop underway. Back above 8.49 should resume the rally targeting 15.16… VOLUME CAVEAT.
ATTBF
VOLUME CAVEAT… “X” marks the spots where new sponsorship reinforced what was already a gradually firming chart. Its 61.8% extension to 1.23 is the earliest possible candidate for a near-term peak, so peaking there is potentially bullish, because that suggests excessive optimism hasn”t yet overpriced shares. A healthy corrective pullback would target 0.77-0.88. Closing higher first could extend to 1.48-1.57 before correcting back down… VOLUME CAVEAT.
AVTC
VOLUME CAVEAT… The time spent consolidating January”s explosion has been sufficient to form a durable base, capable of launching another upleg. That upleg may be underway already, but needs to close above 4.64 on sharply expanding volume for confirmation — especially without probing intraday above 4.64 and then closing back under it, also while volume expands. I recently bought this, and will sell at the first sign of difficulty… VOLUME CAVEAT.
BRDT
VOLUME CAVEAT… February”s rally has reached near-term resistance attacking .72, and is targeting .80 or even .93 so long as .57 holds as support… VOLUME CAVEAT.
CANN
Volume expanded convincingly into March”s high. Its correction has been testing support at 33, where the rally”s last upleg began. The consolidation”s internal resistance has been tested at 42.67, so closing any higher would start to signal another upleg underway, confirmed above 46.25. Meanwhile, support at 35.55 is being tested, with the next lower support at 30 and 29.95 before signaling a bigger downleg underway instead.
CANV
VOLUME CAVEAT… Volume never really exceeded a prior upleg”s turnover as February”s surge was peaking. And that is despite extending a 61.8% move to 161.8%, by extending a three-day surge into a fourth day. Now its retracement is testing 75.75 support, whose break would have a last chance to hold at 59. Closing first back above 95.50 on expanding volume could rally to 154 just in the context of a temporary bounce… VOLUME CAVEAT.
CARA
BREVITY CAVEAT… Price history is limited to only several weeks, and it pointed almost straight up until the past two weeks. Other sponsorship may arrive and intercede with the pullback currently underway that is targeting 16.19 or 14.77. Back above 19.25 would start to signal the next rally leg already underway… VOLUME CAVEAT.
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