Open’s Interest… Mon June 30 2014

By Rod David | June 30, 2014 - 7:01 am

Welcome to Open”s Interest for Monday

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

Updates will be sporadic during the Weedstock conference here in Denver. But I”ll be sneaking away from presentations (more like into them) to respond to requests.

VRCI coverage is suspended until the stock starts exhibiting interest. Check previous issues for parameters… ATTBF coverage is suspended since the target has been met and held. I”m monitoring for re-entry… TWMJF coverage will be suspended if the week doesn”t begin with price action that suggests buyers are making a stand… TAUG coverage will also be suspended if the target isn”t exceeded Monday.

Today”s video discusses several stocks that may be trying to bottom: EDXC, ENRT, VAPE, and VPOR.

..
Enjoy!

SYMBOL	suppt	resist	target	stop	SETUP
TAUG	.020	.0265	.036	.030	FALLING KNIFE
	Held its target again Fri, burden of proof on buyers
TWMJF	2.70	3.25	4.15	2.60	BREAKOUT
	Pattern won”t tolerate any further delay to rallying
GWPH	86.75	91	103	92.60	PULLBACK
	Expanding volume would confirm valid rally attempt Mon
INSY	25.25	34.10	36	29.25	PULLBACK
	Firmed to relative highs Fri, valid break should explode up
-MDBX	17.95	20.15	12.25	18.50	PULLBACK
	Ranged narrowly into the weekend
ERBB	.029 / .0225	.034	.050	.025	UP/DOWN-CRASH
	Barely held support into the weekend, already under stop

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