Open’s Interest… Wed July 2 2014

By Rod David | July 2, 2014 - 9:22 am

Welcome to Open”s Interest for Wednesday

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

Livedesk. Livedesk, Livedesk, Livedesk. Guess what we”re doing this morning… Livedesk! How did you guess?

TAUG hit my .0425 pullback limit and held. Not necessarily immediately, but an eventual retest of yesterday”s high and higher is likely. The parameters below are NEW…
VPOR nearly touched support and then closed above resistance, while volume expanded. The stop has been
ATTBF is being monitored although parameters aren”t on today”s issue. I”ll consider buying a dip to .55 with a .51 stop.
VAPE was a top-performer, all but fulfilling its target. Its stop has been raised. The next higher target would be around 7.50.
ERBB is trying to avoid becoming a “Not so Charming” pattern, i.e. Descending Triangle, and has only a few hours to get that done by rallying out of here.

…
Enjoy!

SYMBOL	suppt	resist	target	stop	SETUP
VAPE	1.83	2.05	3.45	2.85	BOTTOM FISHING
	Tue”s surge all but satisfied its target
EDXC	.09	.125	.18	.075	BOTTOM FISHING
	Percolating, starting to show renewed buying interest
VPOR	.06	.07	.135	.065	BREAKOUT
	Held support and closed above resistance on volume
TAUG	.038	.048	.066	.036	PULLBACK
	NEW PARAMETERS
GWPH	86.75	91	117	103	PULLBACK
	Going to pull back ahead of its target Wed?
INSY	25.25	34.10	36	31.90	PULLBACK
	Can”t delay extending higher, in obvious fashion
-MDBX	17.95	20.15	12.25	18.50	PULLBACK
	Still chipping away at support
ERBB	.029 / .0225	.034	.050	.025	UP/DOWN-CRASH
	Has several hours Wed to prove it is recovering

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.

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