Open’s Interest… Wed June 4 2014

By Rod David | June 4, 2014 - 1:31 am

Welcome to Open”s Interest for Wednesday

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

There is no new coverage initiated today due to travel. For the same reason, don”t forget there is no Livedesk on Wednesday. All will return to normal on Thursday.

Speaking of normal, it”s nice to see the positive reactions to positive developments are continuing. And that the positive reactions are infecting the sector with more participation.

Keep in mind that the parameters offered here are for trades. As a target is met, I point out what the pattern must do to maintain its rally, for the benefit of subscribers that might want to hold in anticipation of further developments.

.
Enjoy!

SYMBOL	suppt	resist	target	stop	SETUP
SPRWF	.07	.105	.15	.08	PULLBACK
	Higher stop, having gapped up from suppt to attack resist
BRDT	.32	.445	.58	.375	BREAKOUT
	Continued firming to resistance Monday, raised stop
TRTC	.44	.65	.91	.575	BOTTOM FISH
	Close above .69 would extend the rally
MCIG	.375	.45	.57	.51	BOTTOM FISH
	Late explosion higher Tuesday nearing its target
TAUG	.032	.042	.055	.029	PULLBACK LIMIT
	Piercing uptrending support Tuesday
TWMJF	2.65	3.05	3.75	2.52	PULLBACK LIMIT
	Tue”s late fresh low could be the pullback”s end
VAPE	1.65	3.25	4.65	1.92	FALLING KNIFE
	Testing of $2 ended the day on its highs, on low volume
-MDBX	17.95	20.15	12.25	21.30	PULLBACK
	Preparing to bounce, looking to short
-GWPH	67.15	69.50	54.00	71.00	PULLBACK
	Closed under support Tue, no reason to delay drop
AGTK	.225	.268	.380	.215	UP/DOWN-CRASH
	Nice upday Tue, but volume still contracted
ENRT	.13	.20	.33	.17	UP/DOWN-CRASH
	Mon”s late corrective dip was
ERBB	.029	.034	.050	.025	UP/DOWN-CRASH
	Still not rejecting the prior low”s retest Tue
NVLX	.225	.290	.450	.245	FALLING KNIFE
	If not rolling over Wed, then next upleg soon underway

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