Open’s Interest… Mon June 2 2014

By Rod David | June 2, 2014 - 4:00 am

Welcome to Open”s Interest for Monday

(Setups and parameters are below…)
This week”s Universe || Last Open”s Interest || Non-MJ Requests

As mentioned during the past several Livedesks, I”ve added coverage on SPRWF. Did you just us for the weekend”s Livedesk Unlimited? We also discussed the potential for initiating coverage on EDXC if it starts pulling back Monday, and on GRCU if it extends its own pullback — although their bounces” volumes weren”t impressive. One other stock of interest Monday will be FSPM, whose halt is scheduled to be lifted.

Housekeeping items: “The Universe” link above is old, and will be replaced for this week before Monday”s open. I have to be on the road for a week through next Monday, this was previously scheduled another couple of weeks out. We”ll miss Wednesday and Friday”s Livedesks, and won”t have an Unlimited session until next week.

.
Enjoy!

SYMBOL	suppt	resist	target	stop	SETUP
SPRWF	.07	.105	.15	.06	PULLBACK
	Recent surge has corrected to test “lower prior highs”
BRDT	.32	.40	.58	.32	BREAKOUT
	Held up well into the weekend on our buy, must extend Mon
TRTC	.44	.62	.91	.43	BOTTOM FISH
	Fri”s last-minute surge makes an opening dip Mon attractive …Adjusted parameters higher after Fri”s close
MCIG	.375	.45	.57	.44	BOTTOM FISH
	Fri afternoon rally need not correct before extending
TAUG	.032	.042	.055	.029	PULLBACK LIMIT
	Still hasn”t either rejected or extended Thu”s opening surge
TWMJF	2.65	3.05	3.75	2.60	PULLBACK LIMIT
	Retest of Wed”s dip should hold, launch next recovery leg
VAPE	1.65	3.25	4.65	1.92	FALLING KNIFE
	Fri afternoon”s shallower dip under $2 need not be retested
-MDBX	17.95	20.15	12.25	21.30	PULLBACK
	New parameters for shorting, preferably on a bounce
-GWPH	67.15	69.50	54.00	71.00	PULLBACK
	Backing-and-filling no longer required prior to downleg
AGTK	.225	.268	.380	.215	UP/DOWN-CRASH
	Volume did expand Fri, must further improve Mon, or else
ENRT	.13	.20	.33	.17	UP/DOWN-CRASH
	Ranged around fresh highs at resistance into the weekend
ERBB	.029	.034	.050	.025	UP/DOWN-CRASH
	Will buy retest of Thu”s pullback low at suppt, or a surge
NVLX	.225	.290	.450	.245	FALLING KNIFE
	Holding bounce off of low”s retest, prefer not to buy strength

Breakout
(consolidations or basing that is forming an accumulative pattern )

Up/Down-Crash
(extended trending with only 1-2 countertrend closes, ready to snap back)

Pullback Limit

(breakouts and bounces that have retraced 61.8%…

these situations are often make, or break)

Bottom Fish

(basing after extended decline — not really a “trade”)

(breakdown unconfirmed a 2nd day — only buy strength)

Third-day Surge

(2-day surge to fresh highs at risk of peaking — don”t chase higher)

Not a Charm

(third test of retested low, triangle — lower lows coming?)

Falling Knife

(trying to catch the reaction to a steep drop — ouch)

Rocket Launch

(sudden explosive interest that gains traction)

Monitoring

(observations of other stocks of interest)

Open”s Interest is the daily pre-open reference for marijuana stock patterns currently of interest, including other insights and overviews.

Posted in Bigger Picture