Bigger Picture

Good morning!

New coverage was added on GWPH, “long/short,” meaning that the stock has reached a critical juncture. Also, if you”ve asked questions in the Activity Feed, scroll down to check for answers, and repost them to this thread if they remain outstanding.

FEYE did well yesterday, extending through 33.95 resistance to attack 36.50 resistance (it was attacked further pre-open, but only temporarily). Closing above 36.50 would reiterate the breakout, and closing under 33.95 would invalidate it.

Request any chart analysis requests in this thread…

GW Pharmaceuticals (GWPH) // biopharmaceutical // earnings due 2/4 pre-open

Having been bearish since November 20”s Ascending Triangle breakout failed from its unconfirmed 61.8% extension, finally fulfilling its potential to 52 had potential to change the playing field. Only printing that low overnight and immediately bouncing $30 hasn”t changed it back — but it can. That is, the ongoing decline can resume if support gives way. I wouldn”t short above support, because the alternative to resuming the decline could be the road to being acquired..

The table is updated as price action may require. A “long” should hold tests of support and break above resistance; a “short” should hold tests of resistance and break under support. Updated parameters are contained in a new table row.

Merely initiating coverage does NOT equate to being immediately actionable. Aggressive traders that act before a conservative closing confirmation (i.e. above resistance for longs, under support for shorts) might also consider exiting the position intraday.

Questions for me and discussion with other members on this coverage should be added to this Blog post”s comments section.

Monday”s Livestox first discussed the TKMR acquisition, which sent the stock up 50% at the open. We also discussed the following marijuana stocks of interest:

ARNA, ATTBF, TAUG, MCIG, TRTC, VAPE, MINE

Next we discussed the marijuana stocks I had listed separately on this week”s Universe:

AMMJ, ARNA, AVTC, CANL, CARA, CBIS, EAPH, INSY, LXRP, MINE, SRNA, VHUB

Stock requests were LOCO and VALE…

And we closed with a focus on CLF, FEYE and GWPH.

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This morning”s LivestoX starts at 12:15pm ET. We”ll review recent price among high-profile issues, and also review the stock coverage. We”ll also include instant analysis of your chart requests.

Login info: (iPads and Tablets use the accompanying teleconference info to get audio.)
https://roddavid10.mitel-nhwc.com/join/pcxsrhm

optional teleconference instructions (required for iPad and tablets):
1-605-562-0020
Meeting ID 976-912-682 #
Other requirements can be found here:
http://marketfy.com/product/stock-technical-trade-alerts/blog/1143/view/60141/

Good morning!

You”ve probably noticed by now the new blog post, initiating long coverage on FEYE. A similar post will be made soon for GWPH. Scroll down below their charts to be refreshed about applying parameters.

We”ll go over these in more detail during today”s Livestox at noon ET. Login info will be posted shortly…