One of Friday”s two highlighted

One of Friday”s two highlighted stocks doubled as of this morning. I already had described the potential bottoming pattern that MDBX was forming before the week ended. Surging into Monday”s close and out of Tuesday”s open completed the doubling. Retracing the surge is now testing its pullback limit: Posted to the activity feed earlier:
“MDBX — Surged into yesterday”s close and at this morning”s open, now doubling from my highlighting it here and in this week”s Universe. Having touched .29, pullbacks must hold .235 for optimal confirmation the rally remains intact and targeting .31 or possibly .37.”

CHECK THE ACTIVITY FEED OF THIS POST FOR ANOTHER STOCK THAT I”LL HIGHLIGHT THERE… Its a different bottoming pattern not at all assured of reversing higher. But I do like the recent volume patterns, and any other strength on expanding volume would be credible.

Meanwhile, following are recent activity feed posts so that the Marketfy search engine can index them. Gold (GLD), FEYE, VAPE, BIDU, YHOO and more,:

fennecby — thanks – useful info as usual. Posted 5 days ago
Rod-David — VAPE — I discussed the attractiveness of .25 support that was being tested this week, and the strategy of buying above it while exiting a close under it. This afternoon”s action has surged sharply to .34, which suggest the support is durable. But this is not yet a reversal signal, which would require extending higher with almost no delay Monday. Posted 4 days ago — “Edited”
guanito — Tku. Good quality audio on the playback. Posted 4 days ago
Scotty B — Thanks for the chat on GLD. I saw an SA article prediction gold to move up to $25K – in 2050. In the meantime, the same article was expecting a continued pullback in the GLD to around $70 – based on longer term Elliot wave and Fibonacci. Do you see anything in your charts that would support a pull back to $70? Further weakness in GLD makes sense to me if interest rates climb. Posted 3 days ago
Scotty B — FIT: I jumped into that after what looked like an almost perfect fib retrace to the $33 level. As you know it put in a knew high, then settled back. Your earlier comment on $39.95 needs to hold. Is this a close or inter-day hold? Sentiment seems to be strong as attention is moving from AMBA to FIT as the new momentum play (that”s my theory anyway). Posted 3 days ago
jo B — thanks Rod. tell me again why we bother w/ these rip-off OTC stocks? they”re nothing but ATM”s for the company, and us little retail ”investors” get a few crumbs. and the bs that”s allowed to go on is beyond me. how it”s legal is simply mind boggling,…. oh yeah. money. Posted 4 days ago
Scotty B — Hi Jo. Penny stocks are war. The only way to make money is to be the company or trade the momentum. Last year was great, but knowing when to get out is of utmost importance. I feel Rod”s service has been very useful in identifying trend parameters. Even still it is up to the individual to make decisions. I think this sector has been a painful introduction for many people on the nature of penny stocks. Since the 2000 tech collapse I have never been a fan of buy and hold – except AAPL. I also feel learning to trade penny stock is important. The hyper volatility can easily be used to understand larger issues. Take AMBA for example. A great run on that one over the last year. It behaved like a slow motion penny over 16 months and offered a great return. Will it go up another 400% in the next 12 months – I doubt it. But being able to identify and understand those trends from the penny world translated into a great return on that one. That”s how I see it. Happy 4th to all! Posted 4 days ago
Miss Kitty — I have been avoiding penny stocks for some time now and will continue until that market turns upward. In the meantime, I have leaned how to short big time stocks -without needing to be able to short them – via buying put options. It sounds complicated but is very simple and safer than true shorting. I learned how through taking this $200 video course that makes it very easy to understand and I hope to eventually recoup that investment in my trading education. http://claytrader.com/courses/options-trading-s… Posted 3 days ago
Jo B — thanks for ur comments! happy 4th! Posted 3 days ago
Jo B — Clay trader is excellent! Posted 3 days ago
Josey — Hi all, just drove by Tilray in BC;) Posted Yesterday — “Edited”
guanito — to pick your unemployment check? were there picket lines? signs on the fence? Posted Yesterday — “Edited”
guanito — the trouble with options is the time premium. they”re expensive and erode quickly. Posted Yesterday
Rod-David — MDBX — Fresh relative high today. Volume is slightly above average but not yet in-line with its recent expansion. Posted Yesterday
Rod-David — VAPE — Retracing Thursday”s surge. Closing above that surge”s .36 high would signal momentum reversing up. Posted Yesterday
Miss Kitty — Yes, guanito, I have noticed that disadvantage but options allow you to virtually sell a stock and if/when the market turns down buying puts is a helpful trading tool. Posted Yesterday
Miss Kitty — Rod, what do you think of BIDU and YHOO as possible short candidates? What are their relevant chart parameters? Thanks. Posted 17 hours ago
Rod-David — YHOO — Has been breaking down for awhile, trending down since November”s top around 52.50, and now testing a wobbly last line of defense at 38.80-38.90. The trend is likely to extend and test 33.50 so long as bounces hold 41.15. Posted 11 hours ago
Rod-David — BIDU — Trending down from November through May has now retraced an interim bounce to start piercing May”s low. The trend remains down with potential to 150 so long as 202 now holds bounces Posted 11 hours ago
guanito — T-bonds rallying. I suppose gold will follow. Stocks will go the other way. Nibbled on DOG yesterday for a marker. Great ticker symbol Posted 8 hours ago — “Edited”
Rod David — MDBX — Surged into yesterday”s close and at this morning”s open, now doubling from my highlighting it here and in this week”s Universe. Having touched .29, pullbacks must hold .235 for optimal confirmation the rally remains intact and targeting .31 or possibly .37. Posted 5 hours ago
casjf — GLD – below your $111.585 buy target. Are we still waiting for a close above $116, or nibble now? Posted 4 hours ago
fennecby — what”s the latest on FEYE? Hit close enough to your 45 for a buy? Posted 3 hours ago
Rod-David — Gold met my target last week, and is retesting it today. Im not buying weakness, but would start nibbling upon closing far enough back toward the double bottom”s interim high Posted 3 hours ago
casjf — GLD – looking at the chart for double bottom”s interim high — would that be around $114.64? Posted 3 hours ago
guanito — think so. nibbled a bit on IAU. Posted 3 hours ago
Rod-David — The interim high need not be recovered, just enough of the distance. That”s back above 111.85 Posted 2 hours ago
Rod-David — FEYE — Testing 46.25 could serve as the pullback”s low. This would become likely upon closing back above 48.75 and 49.60 Posted 2 hours ago