Open’s Interest… Tue June 24 2014

By Rod David | June 23, 2014 - 9:32 pm

Welcome to Open”s Interest for Tuesday

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

I”m adding coverage of Tauriga (TAUG) after it was pushed higher Monday. Its late push failed, but that formed a predictable pattern that should recover after extending its dip. Gapping up above Monday”s high would also be credible for extending higher intraday.

..
Enjoy!

SYMBOL	suppt	resist	target	stop	SETUP
TAUG	.022	.0265	.036	.021	FALLING KNIFE
	New coverage, huge volume reversal, still needs confirm
VRCI	.054	.08	4.15	.14	FALLING KNIFE
	New coverage, would prefer buying or waiting for a quick dip
TWMJF	2.70	3.25	4.15	2.60	BREAKOUT
	Held substantially all of the week”s gains into the weekend
GWPH	80	91	99	90.35	PULLBACK
	Might have missed a pullback entry, won”t chase fresh highs
ATTBF	.37	.46	.51	.37	BOTTOM-FISHING
	Chipping away at .42 now needs to break through it
INSY	25.25	34.10	36	27.30	PULLBACK
	Now playing as a pullback, will buy early strength, not a dip
-MDBX	17.95	20.15	12.25	19.50	PULLBACK
	Still suspicious of the bigger buy orders, but staying short
ERBB	.029 / .0225	.034	.050	.025	UP/DOWN-CRASH
	Began the week surging, raised stop

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