Livestox Recording Oct 5, 2015
Monday’s post-close Livestox recording is below, and the stocks we addressed in order follow that. Please don’t hesitate posting follow-up questions to this blog post’s thread… NOTE: Next week’s post-close Livestox will be Tuesday.
SPX
SRNA / TRTC — The former is taking a long time to resolve a similar pattern, which is why the latter is targeting new lows
LXRP — above .19 would be bullish so long as .15 were held as support
CANN — above 1.20 would target 2.27 so long as 1.08 were held as support
MSRT — trigger is above 1.05
TAUG — trigger is above .006
CARA — above 14.25 has potential for a corrective bounce targeting 17.75
INSY — so long as basing holds here at 25.65-28.90, back above 30.50 would target 39.25
GWPH — Chance for a bounce to 105
AAPL — trading mid-range, not indicating which direction it will resolve first
GPRO — probing under 34 support, back above 36.40 would suggest the pullback had ended
TSLA — under 221 is bearish
GOOGL — retesting 671 resistance with no requirement to break higher
AMZN — unfinished business above remains outstanding at 579
RIG / CLF — updating comments from last week that the patterns are bullish
TWTR –my most timely pick, having held multiple tests and attacks on 24 while volume improves
NFLX — needs 2nd consecutive higher close Tue to avoid being a false breakout
TPIV — request
TACT — request
GILD — big band of support down to 88-94 but above 108 would target new highs
MRO — targeting 22.25 so long as 16.50 support holds
Hihi Rod. SIL breakout?
SIL — The volume accompanying it is disappointing. But closing above 7.45 on expanding volume could still compensate for the delay.
Morning Rod. How’s GNE (genie energy) looking to you?
GNE — The reversal has come very suddenly, but it has been nonetheless very productive. Closing above 10.55 before back under 9.85 would seal a bottom.
thanks. And where might sealing a bottom lead? (there’s [unsubstantiated] talk circling about a major oil find – allegedly billions of barrels’ worth)
Another couple standouts this morning:
CARA – but actually just an inside day on average volume?
NVMI – big move but no volume to back it up.
OGRMF – well, today of all days, you should see the Canadian. New low and bounce on 10x average volume.
would appreciate your opinion on the first two.
Sorry, the system has only now alerted me to your post…
GNE — Nice move… Closing today above 12.50-13.05 would next target 16.35-17.25.
CARA — I’m not sure what the question is, sorry.
NVMI — Correct on the move and the volume… And I would add it’s still in a downtrend with an unbroken series of lower lows and lower highs. That doesn’t require lower lows, and there is potential to start basin.
thanks Rod.
and re CARA, the song remains the same, always, no? that is – where’s it going now? UP or DOWN (ever seen David Bowie and Jennifer Connelly in Labyrinth?) The context being yesterday’s seemingly impressive move which on 2nd thought looked to be wholly contained within the day before (as is today’s seemingly steepish decline).
An “impressive move” can’t be defined by size, but by what that size accomplishes. Even defining it by direction alone can be misleading, since probing prior lows intraday but closing above them can be bullish accumulation.
got it, thanks.
https://youtu.be/AQUeK7nYxBQ?t=2m
Wow, just noticed TWTR, to late to jump on the bandwagon?
TWTR was my number-one timing pick during the past two Livestox, for having repeatedly held tests of 24. Its eventual target remains in-play above, but I would rather add on dips to 28 area
Here’s a new one for today: ONVO. Good time to enter in terms or risk / reward?
And in the same space: DDD. Is this what “finally bottomed” looks like?
ONVO — I like the pattern so long as 2.80-2.85 holds as support. Th sooner this is testing 3.60 on expanding volume, the more bullish the resolution.
DDD — Reasonable timing, looks like a Symmetrical Triangle broke falsely in one direction and is now reversing more substantially in the opposite direction.
thank you!
Hi Rod, do you have any updated parameters on VLKAY? Surging the last few days.
VLKAY — The paradigm shift has basically made this a new stock. Its resistance is still at 31, and now a lot of selling pressure has been expended just to attack it, 7 points up from the 22.80 low. But 31 should still be tested so long as 27 now holds as support
Also, TIK surging on profit news. Where do you see resistance? Thanks
TIK — I don’t see any actual patterns, just congestion in various areas of the ongoing channel/range. So, there’s nothing predictive about the reactio,n sorry
Also, do you have support/resistance on JMBA? Sorry for the rapid fire!
JMBA — 13.25 is support at 15.95 is resistance. Recovering resistance at this stage of the pattern, already having bounced once, would start signaling the trend is reversing up. Otherwise, breaking under support would next target 11.10
Thanks Rod!