Bigger Picture
Correction : The last order
Correction : The last order should be SELL TO OPEN
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Sorry, I got distracted momentarily…
I will be in Livedesk mode at 11:30am ET, in case anyone wants to join me.
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/livedesk/1129/
or follow the link on site”s left sidebar.
(try, try again) Open’s Interest… Wed May 7 2014
Welcome to Open”s Interest for Wednesday
[My apologies for originally uploading the incorrect video…] This week is developing constructively. Some questionable patterns remain among the higher profile players (MCIG, TAUG). Others may be backing away from their precipices (ATTBF, EDXC, ENRT, IGRW). Multi-session bounces are back (ERBB, GWPH, TRTC, VAPE, VPOR). It”s an interesting environment to greet GWPH earnings that should be released before the open. I won”t chase it higher, but might be interested in buying a deep enough reaction down. I”ll have parameters after the open. Finally, I”m adding a new section today, “Breakout.”
Breakout (consolidations or basing that is forming
an accumulative pattern )
IGRW .036 pullback ||.044 resistance || .031 stop || .08 target
Pullback Limit
(breakouts and bounces that have retraced 61.8%…
these situations are often make, or break)
VPOR .114 pullback ||.13 resistance || .109 stop || .195/.25 target
ATTBF .95 pullback || 1.07 resistance || .91 stop || 1.38 and 1.68 targets
Bottom Fish
(basing after extended decline — not really a “trade”)
(breakdown unconfirmed a 2nd day — only buy strength)
FSPM no pullback || 3.75 resistance || 2.95 stop || 5.80 target
SING no pullback || .025 resistance || .016 stop || .045 target
Third-day Surge
(2-day surge to fresh highs at risk of peaking — don”t chase higher)
none
Not a Charm
(third test of retested low — lower lows coming?)
none
Falling Knife
(trying to catch the reaction to a steep drop — ouch)
ZDPY 1.55 pullback || 1.78 resistance || 1.49 stop || 3.00 target
bought Tuesday at 1.44
Rocket Launch (sudden explosive interest that gains traction)
STEV .158 pullback || .185 resistance || .145 stop || .21 and .25 targets
adjusted parameters higher
Monitoring(observations of other stocks of interest)
EDXC, ENRT these are becoming “Not A Charm” candidates.
MCIG, TAUG, TRTC
Open’s Interest… not.
[
THIS POST”S VIDEO IS INCORRECT, CLICK HERE FOR THE CORRECT POST]
Welcome to Open”s Interest for Wednesday
This week is developing constructively. Some questionable patterns remain among the higher profile players (MCIG, TAUG). Others may be backing away from their precipices (ATTBF, EDXC, ENRT, IGRW). Multi-session bounces are back (ERBB, GWPH, TRTC, VAPE, VPOR). It”s an interesting environment to greet GWPH earnings that should be released before the open. I won”t chase it higher, but might be interested in buying a deep enough reaction down. I”ll have parameters after the open. Finally, I”m adding a new section today, “Breakout.”
Breakout
(consolidations or basing that is forming
an accumulative pattern )
IGRW .036 pullback ||.044 resistance || .031 stop || .08 target
Pullback Limit
(breakouts and bounces that have retraced 61.8%…
these situations are often make, or break)
VPOR .114 pullback ||.13 resistance || .109 stop || .195/.25 target
ATTBF .95 pullback || 1.07 resistance || .91 stop || 1.38 and 1.68 targets
Bottom Fish
(basing after extended decline — not really a “trade”)
(breakdown unconfirmed a 2nd day — only buy strength)
FSPM no pullback || 3.75 resistance || 2.95 stop || 5.80 target
SING no pullback || .025 resistance || .016 stop || .045 target
Third-day Surge
(2-day surge to fresh highs at risk of peaking — don”t chase higher)
none
Not a Charm
(third test of retested low — lower lows coming?)
none
Falling Knife
(trying to catch the reaction to a steep drop — ouch)
ZDPY 1.55 pullback || 1.78 resistance || 1.49 stop || 3.00 target
bought Tuesday at 1.44
Rocket Launch
(sudden explosive interest that gains traction)
STEV .158 pullback || .185 resistance || .145 stop || .21 and .25 targets
adjusted parameters higher
Monitoring(observations of other stocks of interest)
EDXC, ENRT these are becoming “Not A Charm” candidates.
MCIG, TAUG, TRTC
PSEUDO TRADE ALERT The trade
PSEUDO TRADE ALERT
The trade entry system just hiccuped on me while trying to enter the following order, to:
BUY 1500 ZDPY AT 1.44
Previously a sell setup under 6 that lost 2/3rds of its value in fulfilling its 2.25 target, then lost half its value the next day. Now a “Falling Knife” candidate for a bounce back to 3. This must not close negative on entry day.
