The following stocks were reviewed
The following stocks were reviewed in yesterday”s Livestock, whose recording is linked here: https://roddavid10.mitel-nhwc.com/join/mjvtsvh
ATTBF, .35 was relevant on the way down and continues to be relevant on this bounce. Closing above it would indicate a low is in. Until then, a retest of the low is possible.
SPRWF, Volume not confirming the price strength, whose resistance remains at .36.
CNAB, Interesting price action, if not also promising, but must close above 1.25 to signal momentum reversing up.
INSY, Textbook example of volume improving into price strength as resistance is probed and broken.
HEMP, One of several “oversold bounce poster children” examples we viewed.
ERBB, Rising bottoms aren”t bearish, but can”t justify buying under .0176 close, if not also waiting for .02 recovery.
GWPH, Discussed in terms of “Risk:Reward,” as a short-entry with 87 being the stop and targeting 75-77.
MCIG, Thursday”s parameters for a Falling Knife had reached the .215 resistance, which must be exceeded to confirm .25 target remains in-play. Regardless, being a Falling Knife, its bounce is only temporary.
GRNH, One of several “oversold bounce poster children” examples we viewed.
MINE, Probably not a bottom, but the corrective bounce has room to .0105.
MDBX, One of several “oversold bounce poster children” examples we viewed.
STEV, Complex head & shoulders pattern should start resolving up, triggered above .0985.
VAPE, Perfect bounce off of 1.43, but now needs volume expansion above 1.82.
GBLX, Impressive reaction up from critical support at .79, but the momentum reversal signal remains at 1.00.
EDXC, One of several “oversold bounce poster children” examples we viewed.
AGTK, Discussed this as an example of “ineffectual optimism,” and how that bearish formation we focused on last month is now substantial resistance above which inhibits any recovery attempt.
TRTC, We discussed why the low”s Descending Triangle had become likely to break higher last week, which it has. But now resistance is being met and held.
CBIS, One of several “oversold bounce poster children” examples we viewed.
DEWM, One of several “oversold bounce poster children” examples we viewed.
VPOR, Closing above .025 would help to signal a bottom is forming, but the current bounce is just the first and must be corrected for awhile.
ANYI, One of several “oversold bounce poster children” examples we viewed.
TAUG, .022 resistance already failed on Friday, but having closed above .0202 does suggest the next reaction down (probably to fresh lows) could be recovered by a more substantial rally leg.
FITX, One of several “oversold bounce poster children” examples we viewed.
NLNK, Can”t justify buying until closing back above 25.45, and then can”t hold for long without quickly extending through 26.90 on expanding volume
TKMR, 20.40 is critical support to the pullback. Back above 23.45-23.50 would signal the pullback had ended, next targeting 32+.
AAPL, While it”s possible the product problems were unforeseen and are relevant, nothing changes that the stock”s pattern continues to project to one more higher high.
PBR, Discussed as an example of trend having changed, so a signal targeting a complete recovery can”t develop until at least a bottoming phase.
