Open’s Interest… Mon June 9 2014

By Rod David | June 8, 2014 - 12:49 pm

Welcome to Open”s Interest for Tuesday

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

Reminder: This week”s universe will be updated Tuesday, and I”m off the road until Weedstock (
discounts are still available by entering the code “MSTT” at checkout). We”re having a Livedesk Tuesday morning.

Coverage is not expanding today. On Wednesday, expect it either to shrink considerably, or to expand considerably, at least into the weekend. While several higher-profile stocks have extended down to their long-standing lower targets, other recent bounces are faltering. Either they”re all about to attract new sponsorship, or else they”ll spend at least a couple more days seeking out lower support.

There is no video today, so be sure to join us for the mid-morning Livedesk.

.
Enjoy!

SYMBOL	suppt	resist	target	stop	SETUP
EDXC	n/a	.12	.18	.105	PULLBACK
	One chance to hold retest of recent low, and this is it
GBLX	n/a	2.00	4.75	1.85	PULLBACK
	Mon”s gap up and surge largely retraced into the close
BRDT	.32	.445	.58	.43	BREAKOUT
	Mon”s plunge delays extension higher, so sold long position
TRTC	.44	.65	.91	.67	BOTTOM FISH
	Plunge is attacking the decline”s original target
TWMJF	2.75	3.05	3.75	2.65	PULLBACK LIMIT
	Mon didn”t extend last week”s drop. So, there”s that
VAPE	1.85	2.05	4.65	2.05	FALLING KNIFE
	Mon”s intraday bounce failed to recover back above support
-MDBX	17.95	20.15	12.25	21.30	PULLBACK
	Bounce has tested resistance, and held
ERBB	.029	.034	.050	.032	UP/DOWN-CRASH
	Tested stop Fri, but not bearish if original .029 support holds

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