Bigger Picture

Welcome to Open”s Interest for Wednesday

(Setups and parameters are below)
This week”s Universe || Last Open”s Interest || Non-MJ Requests

Livedesk. Livedesk, Livedesk, Livedesk. Guess what we”re doing this morning… Livedesk! How did you guess?

TAUG hit my .0425 pullback limit and held. Not necessarily immediately, but an eventual retest of yesterday”s high and higher is likely. The parameters below are NEW…
VPOR nearly touched support and then closed above resistance, while volume expanded. The stop has been
ATTBF is being monitored although parameters aren”t on today”s issue. I”ll consider buying a dip to .55 with a .51 stop.
VAPE was a top-performer, all but fulfilling its target. Its stop has been raised. The next higher target would be around 7.50.
ERBB is trying to avoid becoming a “Not so Charming” pattern, i.e. Descending Triangle, and has only a few hours to get that done by rallying out of here.

…
Enjoy!

Breakout
(consolidations or basing that is forming an accumulative pattern )

Up/Down-Crash
(extended trending with only 1-2 countertrend closes, ready to snap back)

Pullback Limit

(breakouts and bounces that have retraced 61.8%…

these situations are often make, or break)

Bottom Fish

(basing after extended decline — not really a “trade”)

(breakdown unconfirmed a 2nd day — only buy strength)

Third-day Surge

(2-day surge to fresh highs at risk of peaking — don”t chase higher)

Not a Charm

(third test of retested low, triangle — lower lows coming?)

Falling Knife

(trying to catch the reaction to a steep drop — ouch)

Rocket Launch

(sudden explosive interest that gains traction)

Monitoring

(observations of other stocks of interest)

Open”s Interest is the daily pre-open reference for marijuana stock patterns currently of interest, including other insights and overviews.

CORRECTION: The VPOR parameters were not updated on the issue. They should be as follows (the issue is now updated):
—— // suppt // resist // target // stop
VPOR // .06 // .07 // .135 // .055

Welcome to Open”s Interest for Tuesday

(Setups and parameters are below)
This week”s Universe || Last Open”s Interest || Non-MJ Requests

TAUG far exceeded its target Monday, extending to its next higher target at the session”s high. The target may be different, but the consequence is the same: coverage will be suspended if the target isn”t exceeded at Tuesday”s close, as it would have Monday… TWMJF coverage will be suspended if the week doesn”t begin with price action is being suspended for starting the week without making an impression. ts buyers are making a stand… TAUG coverage will also be suspended if the target isn”t exceeded Monday… ERBB spiked up at the close on size, so probing Monday”s low on Tuesday would be very disappointing.

Yesterday”s video discusses several stocks trying to bottom. Of those, VAPE clearly led the day, +25%. The afternoon formed an ascending triangle likely to break higher Tuesday… EDXC also gained, but not on impressive volume. ENRT closed lower on expanding volume, so it”s off the list. But we”re going to give VPOR one extra day to perform.

…
Enjoy!

Breakout
(consolidations or basing that is forming an accumulative pattern )

Up/Down-Crash
(extended trending with only 1-2 countertrend closes, ready to snap back)

Pullback Limit

(breakouts and bounces that have retraced 61.8%…

these situations are often make, or break)

Bottom Fish

(basing after extended decline — not really a “trade”)

(breakdown unconfirmed a 2nd day — only buy strength)

Third-day Surge

(2-day surge to fresh highs at risk of peaking — don”t chase higher)

Not a Charm

(third test of retested low, triangle — lower lows coming?)

Falling Knife

(trying to catch the reaction to a steep drop — ouch)

Rocket Launch

(sudden explosive interest that gains traction)

Monitoring

(observations of other stocks of interest)

Open”s Interest is the daily pre-open reference for marijuana stock patterns currently of interest, including other insights and overviews.

In case you missed the Activity Feed, following are updates that were posted throughout today…

CARA — 5.32 was a 61.8% retracement of the 2-day surge. Closing today above 16.18 would start to signal the rally has resumed.

BRDT — (Q: Does .35 require a retest as support?) A: The problem isn”t so much that it might need to retest .35, as that it spent so much time already testing it. But closing abov .44-.45 would be bullish.

TAUG — Having touched .049, holding .044 would maintain momentum to .057. Closing back under .041 would signal momentum is reversing down.

EDXC — Volume is expanding slightly on today”s bounce, but not to impressive levels that would be dependable for avoiding at least a temporary dip tomorrow.

VAPE — Volume is very healthy on the extension above 1.78-1.83 resistance described in today”s video.

GWPH — A consolidation around 103 resistance resolved up to attack 110. So long as 103 holds, this leg may be the one to extend on its own to 117.

INSY — Big intraday retracement from the opening surge has probed under the adjusted 31.90 pullback limit. Closing under 31.35 would almost signal momentum reversing down.

Welcome to Open”s Interest for Monday

(Setups and parameters are below)
This week”s Universe || Last Open”s Interest || Non-MJ Requests

Updates will be sporadic during the Weedstock conference here in Denver. But I”ll be sneaking away from presentations (more like into them) to respond to requests.

VRCI coverage is suspended until the stock starts exhibiting interest. Check previous issues for parameters… ATTBF coverage is suspended since the target has been met and held. I”m monitoring for re-entry… TWMJF coverage will be suspended if the week doesn”t begin with price action that suggests buyers are making a stand… TAUG coverage will also be suspended if the target isn”t exceeded Monday.

Today”s video discusses several stocks that may be trying to bottom: EDXC, ENRT, VAPE, and VPOR.

..
Enjoy!

Breakout
(consolidations or basing that is forming an accumulative pattern )

Up/Down-Crash
(extended trending with only 1-2 countertrend closes, ready to snap back)

Pullback Limit

(breakouts and bounces that have retraced 61.8%…

these situations are often make, or break)

Bottom Fish

(basing after extended decline — not really a “trade”)

(breakdown unconfirmed a 2nd day — only buy strength)

Third-day Surge

(2-day surge to fresh highs at risk of peaking — don”t chase higher)

Not a Charm

(third test of retested low, triangle — lower lows coming?)

Falling Knife

(trying to catch the reaction to a steep drop — ouch)

Rocket Launch

(sudden explosive interest that gains traction)

Monitoring

(observations of other stocks of interest)

Open”s Interest is the daily pre-open reference for marijuana stock patterns currently of interest, including other insights and overviews.