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ATTBF CANN CBDS CBGI CBIS EAPH EDXC ENRT ERBB FITX – If, Then… Market Timing

ATTBF CANN CBDS CBGI CBIS EAPH EDXC ENRT ERBB FITX

By Rod David | March 18, 2014 - 8:22 am

While awaiting the upload of this morning”s video to complete, I am transcribing its summary. Part one of two is below:

ATTBF
First day trying to breakout from a Triangle consolidation. Relatively big up-day, volume expanded somewhat. But up-day and volume each could have been better. Near-term potential to 1.88 depends upon extending higher without delay. Beware fresh high this morning that reverses back too far into yesterday range.

CANN
Monitoring the ongoing consolidation for breakout action. Not buying yet, not wanting to own it without signs of other buyers moving in — like big up-day on expanding volume.

CBDS
Monitoring for break above 12, but meanwhile not interested in owning.

CBGI
Big target areas met yesterday at .33-.34 and then attacked at .45. Third-day surge ended yesterday. Extending higher to close above .4660 Tuesday on volume expanding above 46 million shares would suggest a much more substantial move underway, instead of a pullback/consolidation (Look at HEMP”s big immediate 50% drop following its 3-day surge for the risk potential.)

CBIS
Volume expanded Tuesday on a big up-day that closed above several prior recent highs. Ready to buy in anticipation of follow-through. Want to see .23 exceeded during that time, also on expanding volume. Minimum attraction is back up to last month”s .30 high.

EAPH
Big up-day Tuesday, and volume expanded sharply, but not above prior levels. Follow-through likely, but would be quick to exit if not extending or maintaining early extension through the afternoon.

EDXC
Big up-day on big volume expansion to challenge the highs. Would be concerned if not duplicating the behavior today, and closing at new highs above .30.

ENRT
Friday”s dip to support did launch the next upleg, on big volume. Only concern is limited trading history. Closing back under .60-.62 Tuesday would undermine the breakout.

ERBB
Monday”s breakout to new highs on big volume has no excuse not to extend sharply higher Tuesday. Closing back under the .044-.045 prior highs would start to invalidate the breakout.

FITX
Monday”s big up-day was accompanied by expanding volume, but not to an impressive pace. Closing above 9 may deserve a benefit of the doubt for extending higher, but doesn”t deserve much patience. Need it to extend higher through 10.50 on much higher volume expansion, or else bigger concern becomes ongoing flat-to-lower corrective consolidation.

Stocks to follow are:

GRNH GWPH HEMP MCIG MNTR NRTI PHOT SKTO STEV TAUG TRTC VAPE

Posted in Bigger Picture