Open’s Interest… Wed June 18 2014

Welcome to Open”s Interest for Wednesday

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

We added ATTBF intraday Tuesday. I mentioned its growing attraction in Open”s Interest yesterday, and dissected it in the morning”s Livedesk session. I also discussed the likelihood for buying GWPH on a pullback, and already see at least one other issue to begin stalking. We”ve also been monitoring TRTC every day, and its pullback limit having been met and held — I don”t do “stories,” but its reaction to Tuesday”s story underscores how the charting perspective can maximize those entries.

..
Enjoy!

SYMBOL	suppt	resist	target	stop	SETUP
ATTBF	.37	.46	.51	.37	BOTTOM-FISHING
	Added intraday after RSIs diverged positively on fresh low
INSY	25.25	34.10	36	27.30	BOTTOM-FISHING
	Met 29.20 target and extended to close higher
SPRWF	n/a	.086	.135	.073	PULLBACK
	Running out of time to prove it absorbed the pullback
-MDBX	17.95	20.15	12.25	21.30	PULLBACK
	Bounced to resistance, ready to sell weakness
ERBB	.029	.034	.050	.032	UP/DOWN-CRASH
	Will buy fresh low testing .0225

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.