Open’s Interest… Thu Jun 26 2014

By Rod David | June 25, 2014 - 9:51 pm

Welcome to Open”s Interest for Thursday

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

That goes equally for Tuesday”s drop, as for Wednesday”s reaction to it. Tuesday”s shakeout was still settling Wednesday.

ATTBF seemed hardly phased as it extended to and through its target. TAUG and TWMJF didn”t extend down any further, and can”t afford to. ERBB did extend down further, back to critical support. GWPH ended the session back in rally mode.One day does not a forecast make.

There is no new coverage for Thursday. There is also no post-close Livedesk Unlimited this week. But we will have a regular morning Livedesk..

..
Enjoy!

SYMBOL	suppt	resist	target	stop	SETUP
TAUG	.020	.0265	.036	.019	FALLING KNIFE
	Slow to resume the recovery Wed
VRCI	.048	.06	.125	.04	FALLING KNIFE
	Pullback didn”t hold support Wed
TWMJF	2.70	3.25	4.15	2.60	BREAKOUT
	Slow to resume the recovery Wed
GWPH	86.75	91	99	90.35	PULLBACK
	Third day”s pullback Wed recovered to close positive
ATTBF	.37	.46	.51	.37	BOTTOM-FISHING
	Exited longs during last hour”s test of target Wed
INSY	25.25	34.10	36	29.25	PULLBACK
	Volatility reappeared Wed in reaction to news, raised stop
-MDBX	17.95	20.15	12.25	18.50	PULLBACK
	Fresh lows Wed, lowered stop
ERBB	.029 / .0225	.034	.050	.025	UP/DOWN-CRASH
	Extended the reaction down from Tuesday”s huge open

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