Bigger Picture

Welcome to Open”s Interest for Monday

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

As mentioned during the past several Livedesks, I”ve added coverage on SPRWF. Did you just us for the weekend”s Livedesk Unlimited? We also discussed the potential for initiating coverage on EDXC if it starts pulling back Monday, and on GRCU if it extends its own pullback — although their bounces” volumes weren”t impressive. One other stock of interest Monday will be FSPM, whose halt is scheduled to be lifted.

Housekeeping items: “The Universe” link above is old, and will be replaced for this week before Monday”s open. I have to be on the road for a week through next Monday, this was previously scheduled another couple of weeks out. We”ll miss Wednesday and Friday”s Livedesks, and won”t have an Unlimited session until next week.

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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.

REMINDER: Livedesk Unlimited on Saturday at 4:00 PM ET. Bring your stocks for analysis, and be ready to learn a little about the RSI technical indicator. Snacks will not be provided, but I will bring forks.

This is the regular daily announcement for Livedesk, which will begin at 11:00 ET. Livedesk will first cover MJ stocks of interest and of relevance, and then review Non-MJ stock analysis requests.

Before adding your request here, please be familiar with the guidelines for Non-MJ stock requests:
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/blog/1143/view/47015/

Livedesk is linked from the left sidebar, or just click here by 11:00 ET:
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/livedesk/

SPECIAL NOTE: I”LL BE REMINDING LATER TODAY ABOUT TOMORROW AFTERNOON”S RESCHEDULED “UNLIMITED!” LIVEDESK.

Welcome to Open”s Interest for Friday

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

Friday”s are among the most difficult to trade, because liquidity evaporates ahead of the weekend. The morning”s action is still relevant. None of which prevents trending through the afternoon — in fact, Friday afternoon trending can be difficult to stop once it starts. Starting it is the difficulty. And the sector still may be too near its lows, inhibiting new buyers before Monday.

But the bigger picture bottoming pattern still tracks the appropriate timing, with the Wednesday afternoon – Thursday morning time frame containing much of the pullback activity. Be sure to review the Activity Feed”s last Alert (immediately prior to this post) for comments about other sector stocks. That and this morning”s Livedesk is where I”ll pull new coverage for Monday”s Open”s Interest.

Finally, I”ll be announcing later today that we”re having an “Unlimited” session on Saturday afternoon at 4pm ET. It will spend some time discussion the RSI technical indicator.

.
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.

Livedesk this morning reviewed the following stocks:

GRCU — The inside day is not predictive, and despite firming, makes the pullback to .018-.020 likelier.

ENRT — Interesting that it is already absorbing out impact on the stock from Tuesday”s buy.

SPRWF — I couldn”t provide a buy signal previously due to the target”s proximity. But now its pullback from the target is creating extra room to rally, and creating a bigger pattern with potentially higher targets.

EDXC — Nice rounding volume as the stock ticks up.

GWPH — Won”t short above 71.25, although the likelier scenario still probes fresh lows.

BRDT — Monitoring today”s pullback.

TWMJF — Pullback not yet deep enough.

NVLX — I”m still holding out for new lows testing my .225 target, although the stock doesn”t seem interested.

ERBB — This morning .029 low was low enough to complete its pullback, and I”ll consider buying a recovery from there, or else its retest Friday morning.

TAUG — Opening spike up was a tease for not extending higher, but at least it created extra room to absob new session pressure. The dip is trying to hold positive territory, and there is no reason not to extend the recovery.

FITX — Extra surge was impressive, albeit probably exhaustive. But it creates extra room to absorb a pullback, which I”m still expecting before buying.

TRTC — Pulling back close enough to support for an attractive risk:reward buy signal.

VAPE — The open”s slide quickly found support, but only to range sideways through the day. A lot of energy has been expended supporting the stock instead of letting it fill the gap back down to Friday”s close. Still looking for that gap fill.

PHOT — Having dipped back down to .135 support from testing .175 resistance, closing back above .175 would be very bullish for signaling the recovery”s momentum remains intact.

CANN — Close to a recovery signal.

CBIS — Can”t afford to close negative, and higher highs on volume expansion would be very bullish.

HEMP — Hasn”t yet broken out.