Bigger Picture

SKTO — Extending higher today on expanding volume. Closing in positive territory at all today would confirm yesterday”s breakout, making follow-through likely. But preferably today”s close would also exceed .043 that is being tested now.

PHOT reacting down on a negative blog post. Not mine. This is not a buying opportunity, a term that should be reserved for those instances that require stepping up bravely to fade substantial weakness. That doesn”t describe today”s dip, which may be relatively sizable, but not even under yesterday”s low. In fact, just closing negative but remaining within yesterday”s bar would suggest a deeper pullback about to begin.

One stock not included in today”s phantom video is SPLI (because of its limited history for trending, and only because of that), but there is interest on the site among subscribers, sooo…

Has spent two days firming from one end of its relatively narrow .17-0.25 consolidation, while volume contracts. Volume and price must almost literally explode higher from here within hours to be credible as a breakout. Dribbling higher, half-heartedly piercing the highs while volume pace doesn”t change, would not be helpful. Next higher objectives would be .30 and .365.ac

The second half transcription of this morning”s unavailable video has been uploaded to its own blog post.

Part two of the transcription of this morning”s video that is still uploading…

GRNH
The limited history prior to January”s big surge is a concern. But the ongoing consolidation since then has begun showing signs of life. Tuesday”s high touched .72 which must be exceeded to suggest another big upleg underway.

GWPH

Just pointing out that its pullback on contracting volume could become bullish by reversing back above 80.50 on expanding volume. Bouncing only to touch 80.50 would make puts interesting.

HEMP

Huge pullback of February”s gargantuan rally may have completed its pullback to the .10 area. Closing above .154 would signal the recovery underway, still another 3 cents higher, but willing to start considering nibbling in anticipation of price action proving that more buyers are moving in.

MCIG

Monday”s surge broke downtrending resistance of the consolidation, with volume expanding modestly. Gets a benefit of the doubt for extending higher today, until it doesn”t. Not extending higher today would be a big concern, and start suggesting the recent consolidation has more time and more pullback ahead.

MNTR

Included just to illustrate some things that inhibit me from being interested… Double top, contracting volume, closing under a prior low, limited trading history.

NRTI

A lot of questions on the site Monday. I wouldn”t otherwise be attracted to this recent double, that has only one trend to it and only limited consolidation along the way. Volume exansion, however, is attractive. Big up-day, close above .30, and volume approaching or exceeding 5 million shares would be very reassuring.

PHOT

I really like the extended Triangle consolidation that only recently finally broke out, and the follow-through suggests the marketplace agrees. But yesterday”s high tested .77 resistance on the second day of a surge. A three-day surge”s peak today could interfere with a more hesitant effort extending this leg to +$1 before consolidating again.

SKTO

Liquid, pulled back, potentially a giant “Cup & Handle” pattern whose handle is finished forming. Relatively big up-day yesterday, enough to start stalking it, but not with enough expanding volume yet to jump in. Big volume in the morning would make it of greater buying interest, if not justify already buying it anyway.

STEV

First big upleg (last month”s rally) may be finished correcting/consolidating. Closing above .24-.25 on volume expansion in one single day should attract interest that helps to encourage follow-through to the upside.

TAUG

A lot of interest on the site among subscribers. Big resistance being tested above .10 to almost .12, which could be probed today on what would be day-3 of a three-day surge. Probing into or through .10-.12 without closing above it would signal a consolidation beginning. Closing above 10-.12 — preferably blowing through it — should be very bullish.

TRTC

Big longer-term Cup & Handle breakout took long enough to develop that it has a chance to break above its three-day surge peak. But that”s the signal at this stage, or else waiting for a pullback to develop.

VAPE

Volume not attractive, but volume
price action is. Monday”s break higher needs to extend further today and on further volume expansion — greater than 200,000 shares — for its recent 40 high to be retested, if not also extending higher.