Open’s Interest… Tue June 17 2014

By Rod David | June 17, 2014 - 12:47 am

Welcome to Open”s Interest for Tuesday

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

The week began with MJ stocks under pressure. Several high-profile issues made fresh lows, like EDXC and ATTBF. The former was warned of during the past several sessions, and the latter was warned of during the past several weeks. I noted during Monday”s Livedesk that ENRT was behaving attractively, for the moment at least. ATTBF is also compelling for testing a critical area. I might add coverage intraday Tuesday, and will announce it clearly at that time.

..
Enjoy!

SYMBOL	suppt	resist	target	stop	SETUP
INSY	25.25	26.50	29.20	24.65	BOTTOM-FISHING
	Rally into the weekend suggests the basing is ending
SPRWF	n/a	.086	.135	.073	PULLBACK
	May have absorbed the pullback”s extra dip
-MDBX	17.95	20.15	12.25	21.30	PULLBACK
	Extended narrow range makes first break suspicious
ERBB	.029	.034	.050	.032	UP/DOWN-CRASH
	Delayed recovery back above .029 could detour to .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