Livedesk session notes are below
Livedesk session notes are below (the video is listed at the bottom of this page), watch list parameters for Friday will be available before the open…
Off the list, and why:
CBGI — price dropped back to its recent low, which could be only noise, except that volume expanded, which suggests a new downleg has begun.
EAPH — Not enough volume or price volatility to suggest anyone else is interested in it, but I still like the chart.
EDXC — Broke a big support, and on volume, so can”t buy right away without proof the break is being rejected.
ENRT — Fresh low on expanding volume, same problem as edxc.
HPCS — Holding support, but volume slipping away. I still like the pattern, and would re-focus on it if there were price strength.
STEV — Dipped even further, and the pattern is all about recovering resistance. Would reinstate on a strong day.
UTRM — Volume and price shrinking.
Still covering:
MCIG — Held a test of its maximum pullback allowed, but not of support, so this should rally into the weekend if valid.
SKTO — Low volume inside day at the lows, will give it another day to indicate that its pullback has ended.
TRTC — Big volume day and big range intraday, retested recent low and held its maximum support. Shouldn”t hesitate rallying if a new downleg is avoidable.
Probably adding to coverage:
FITX — Met my minimum target on volume and held, will look for resistance levels.
MDCN — third-day surge is already pulling back, might extend higher
Other mentions:
GWPH — weaker, on lighter volume
ATTBF — pattern seems to have another low outstanding
Livedesk video link:
http://new.livestream.com/accounts/7617211/events/2865745/videos/47682656
