Thanks to all who attended
Thanks to all who attended this morning”s Livedesk. Several of the more significant observations passed along are:
TRTC — Having tweaked its target to .65, which was then met, not closing above .65 would suggest this leg of the rally had ended. Closing back under .61 would reverse momentum down for more than just a consolidation.
ENRT — Probing fresh highs. If the stock doesn”t care about the insider sales, than neither do I.
BRDT — Holding up at Friday”s highs, but the pattern still needs to extend above .40 to earn any higher confidence.
GWPH — Friday”s close had left the stock at a fork in the road, and it chose the path down, so long as 68.33 isn”t recovered.
VAPE — Probing under $2 again, which isn”t necessary. Coinciding with a couple of supporting trendlines around 1.92 that form an “inflection” point, likely either to launch an aggressive recovery, or else an aggressive break lower.
GRCU — Fresh session lows testing .021 support while RSI diverges positively (i.e. it was oversold at this morning low, but not oversold despite price probing lower).
FITX — Testing relevant support at .06.
FSPM — The $1 handle is still being defended. I would be more confident in this being the start of basing if trading were more pessimistic all morning, probing well under $1 instead of holding above it. Closing under $1 would be bearish for targeting a retest of today”s lows.
