Open’s Interest… Wed June 11 2014

By Rod David | June 10, 2014 - 9:12 pm

Welcome to Open”s Interest for Wednesday

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

I”m updating The Universe to be available at Wednesday”s open. No new coverage is being initiated, but two stocks saved themselves from being removed. Reminder: One more word about the Weedstock conference in Denver — let me know if you”re coming, so we can be ure to connect (
discounts are still available by entering the code “MSTT” at checkout).

..
Enjoy!

SYMBOL	suppt	resist	target	stop	SETUP
EDXC	n/a	.12	.18	.105	PULLBACK
	Credible bounce Tue, now requires volume surge
GBLX	n/a	1.95	4.75	1.85	PULLBACK
	Finished retracing Mon”s gap, can”t delay rally if valid
TRTC	.44	.65	.91	.67	BOTTOM FISH
	Closed Tue above key resistance
TWMJF	2.75	3.05	3.75	2.65	PULLBACK LIMIT
	tested gap as resistance Tue
-MDBX	17.95	20.15	12.25	21.30	PULLBACK
	Bounce has tested resistance, and held
ERBB	.029	.034	.050	.032	UP/DOWN-CRASH
	Nice intraday bounce Tue, but no net gain

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