Open’s Interest… This morning’s watch list.

By Rod David | April 9, 2014 - 8:21 am

[Note: “Filter THIS!” will not be published today…]

Following are 15 stocks whose price action through Tuesday”s close has increased the potential for fulfilling a particular outcome. Ahhh, if only it were that simple. Notice that each includes support and sometimes resistance. Watch price action (and volume) upon either one being attacked or pierced. Be critical, communicate with others (I”ll be active in this post”s thread), and refer constantly to the following rules:

Low volume on dips to support, high-volume on strength.
Consider exiting intraday support test doesn”t recover by the close.
Reassess a target/resistance test that holds the close.

BRDT key-reversal follow-through targeting .62 / .70
—– .45 support
—– .35 maximum pullback allowed

CBGI corrective bounce .24 / .33
—– .13 support
—– .11 maximum pullback allowed

EAPH pivot-reversal follow-through targeting .065-.07
—– .035-.036 support
—– .033 maximum pullback allowed

EDXC key-reversal follow-through targeting .032-.-35
—– .22 support
—– .21 maximum pullback allowed

FRTD relative strength
—– .065 resistance
—– .049 maximum pullback allowed

FSPM bounce potential targeting 6.00
—– 4.95 resistance
—– 4.30 maximum pullback allowed

HPCS cup & handle targeting .10 and .165
—– .043 and .056 resistance
—– .029 maximum pullback allowed

MCIG breakout potential targeting .99
—– .80 resistance
—– .63 support
—– .60 maximum pullback allowed

MINE key-reversal follow-through targeting .029
—– .024 resistance
—– .015 maximum pullback allowed

MWIP head & shoulders fulfilled, recovery targeting .56
—– .33 support
—– .33 maximum pullback allowed

NVLX attraction back to .45 close, and above .50
—– .39 resistance
—– .35 support

SKTO gap up could run higher intraday
—– .0225 resistance
—– .015 maximum pullback allowed

STEV correction ended, resume breakout attemp targeting .42
—– .27 ~~support~~ resistance

TRTC huge (too huge?) key-reversal follow-through
—– .98 resistance
—– .80 support
—– .70 maximum pullback allowed

UTRM breakout targeting .015
—– .01 resistance
—– .0073 maximum pullback allowed

Monitoring these, and will revisit intraday:
ATTBF waiting for another shoe to drop
CBIS key-reversal follow-through targeting .15-.16
—– pass, not enough reward for the risk
—– monitor for low”s retest to…
—– .085 maximum pullback allowed
ENRT wanting to buy a dip, after assessing it
ERBB .075-.076 eventual objective
FITX .05-.058 support
—– must close above .063/.0644 resistance
LATF stalking a breakout targetin .016 and higher
—– .0113 resistance
—– no maximum pullback yet
MDRM false break down
—– .145 support, must close back above .0155
—– .10 maximum pullback allowed
PHOT low-volume key-reversal
—– .57 resistance
—– .435 support
PMCM breakout triggered above .005
TAUG borderline potential that correction ended
—– .085 resistance
—– .06 maximum pullback allowed

Posted in Bigger Picture