Bigger Picture

AFTERNOON RUSH
Interested near the close in a stock? You might already be able to find relevant parameters by scrolling the Activity Feed. But some stocks might need an update, anyway. Post symbols and their questions (please, not just symbols) to this Alert”s comments section. I”ll address those that can be addressed quickly in a 10-minute window that begins sometime after 3:40 ET.

MCIG — Probe under .815 has returned… with a vengeance. Big surge accompanied by big volume, gives big confidence. Even bigger confidence would come from closing above .87. If .87 were touched without closing above, that could be a problem.

CBGI — Three-day surge correction may be ending. I like this test of .19. Various strategies include:
> nibbling, and adding more into strength, especially if afternoon were to rally on expanding volume…
> buying, with the commitment to exit if .19 doesn”t hold as support into the close…
> prepare to buy Monday if today”s close is above .19 while price is firming on expanding volume.
In case you couldn”t tell, I don”t like the idea of owning this under .19. And I would be nervous owning it without some sort of “squeeze” upward into the weekend.

FITX — Challenging its .105 resistance on big price surge. The surge was launched from .09, and a lot of volume is being expended, making .105 more likely to hold, which would make a close above .105 more bullish. To me, this is just the upper-end of the range, with an appropriate reaction up, and I”m still skeptical.
ATTBF — Resistance now is 2.31. Back under 2.04 would trigger a deeper pullback, as described several times already during the past couple of sessions. This doesn”t fulfill any parameters for a “buy” trading candidate. That has nothing to do with the story behind the company.
GRNH — Pullback target is .49, would want to see its test react up into the weekend, instead of not yet attracting buyers. Otherwise, wouldn”t want to hold it through the weekend.
TRTC — I don”t see any rush to buy this stock as the pullback extends and volume expands. Would consider .75, but need to see the character of price action leading into it.

FULL — Not necessarily today, but should be relatively soon if at all, the “Pennant” pattern that has been forming during the past three weeks should break higher. Meanwhile, should at least keep closes above 9 to maintain the pattern.