Livestock is at 10:45 ET
Livestock is at 10:45 ET this morning. Several high-profile MJ stocks are behaving very interestingly, just in time for potential lows ahead of January Effect rallies. We”ll discuss those candidates, chart the support and resistance for several ebola-related stocks, and also high-profile momentum stocks that are being battered. The entire meeting should last about 45 seconds,* so please don”t be late. (*There”s a chance it might last closer to 30 minutes. But that”s no excuse for tardiness.)
Following is the collection of my posts to yesterday”s threads:
TRTC — Attacking the .24 pullback target… Closing back above .27-.28 would start to signal the pullback had held and started reversing up. But the pullback must hold .24 to avoid targeting new lows at .175
NLNK — Testing its 28.80 target. Closing above it would put into play 31.25 and potentially 35.
VAPE — Testing the .90”s, which must hold to avoid putting into play .65. Regardless, a bounce has room up to 1.25 before beginning to signal momentum reversing up.
SPRWF — Probing fresh highs already today, after yesterday confirmed Tuesday”s breakout, with potential to .47 so long as .42 holds as support.
INSY — Probing positive territory after the open”s dip into negative territory.
NLNK — now having tested 33, today must close above 31.25 to maintain potential to 35.15. This is the third day of high-volume surging, so the move has picked up a lot of weak hands who will add downside pressure if there”s more than a little bobble.
MCIG — Held above .18-.19 for second consecutive session. Back above .25 would signal a new upleg underway, to be more productive than the recent one that peaked at .32. Closing under .18-.19 anyway would be bearish.
