Open’s Interest… Thu Jun 12 2014

By Rod David | June 11, 2014 - 8:00 pm

Welcome to Open”s Interest for Thursday

(Setups and parameters are below… VIDEO UPLOAD ISSUE, WILL SEND IT LATER THIS EVENING)
Last week”s Universe || Last Open”s Interest || Non-MJ Requests

I wasn”t aware until now that this following paragraph was not included with Wednesday”s Livedesk announcement: I was unable to overcome The Universe uploading issue, and being so late in the week, I”ll just wait another day and publish it after Friday”s close.

My focus today is on stock coverage that I recently dropped. My warning that VAPE was heading back to its low played out in 2-1/2 days — the third day ended by recovering it all, a 40% rally off of its new low. SPRWF coverage is being resumed after its extra dip was recovered entirely. NVLX coverage was dropped upon retesting its recent high because the pattern then targeted new lows, which are now being probed. VPOR is an older candidate, and RSSFF is much newer, each of which has reached a fork in the road, and both are candidates for initiating coverage.

Don”t forget to join us after Thursday”s close at 4:30pm ET for the weekly Unlimited livedesk. After reviewing active MJ stocks, we”ll do a
refresher on the RSI technical indicator, and then introduce MACD before analyzing your stock requests.

One more reminder about the Weedstock conference in Denver — let me know if you”re coming, so we can be sure to connect (
discounts are still available by entering the code “MSTT” at checkout).

..
Enjoy!

SYMBOL	suppt	resist	target	stop	SETUP
SPRWF	n/a	.086	.135	.073	PULLBACK
	May have absorbed the pullback”s extra dip
EDXC	n/a	.12	.18	.105	PULLBACK
	Closed unchanged Wed, despite the morning”s probes
GBLX	n/a	1.95	4.75	1.85	PULLBACK
	Can”t afford to delay bouncing out of recent lows
TRTC	.44	.65	.91	.67	BOTTOM FISH
	Dropping coverage Thu as Rising Wedge is not extending
TWMJF	2.75	3.05	3.75	2.65	PULLBACK LIMIT
	Didn”t reject Tue”s gap up, but volume a little low
-MDBX	17.95	20.15	12.25	21.30	PULLBACK
	Will sell support break if resistance not yet tested
ERBB	.029	.034	.050	.032	UP/DOWN-CRASH
	Tuesday”s temporary bounce extended much deeper Wed,” delaying a recovery above .029 could target .022

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