There is no Open”s Interest
There is no Open”s Interest today. Following is a compilation of yesterday”s intraday comments on individual issues. Use this post”s thread in the Activity Feed to ask about and comment on any other stocks of interest, MJ or otherwise. Enjoy!
TAUG — .036-.038 support could not have been tested more precisely. The question is whether it can hold. Its reaction up is testing .0425 which is the minimum requirement to consider the dip as only a temporary correction. Closing above .048 would signal momentum already reversing up.
VPOR — Needs either to recover to fresh highs (unlikely) at this stage, or else to close as deeply as possible back under Thursday”s low. Just overlapping Thursday”s big bar and closing within it (especially toward its lower-end) would form a bearish two-bar pattern that interjects a correction down. Closing under Thursday”s low would reflect pessimism which is potentially bullish from a contrarian perspective. Holding Thursday”s low would reflect optimism. [Closed bearishly back above Thu”s low.]
GWPH — Big spike down just now from 101 to 97, no news yet, but still looking for retesting lower prior highs in the 96 area… I would look for a retest of [Monday]”s (96.25) low, probably not by a little since today”s low fought so hard to try avoiding the inevitable… [Testing it down to 90 this morning, so closing above 93.45 would signal the drop was a correction only.]
RSSFF — Very interesting that last week”s surge into the weekend persisted immediately into the new week. Pullbacks need to hold .67-.72.
VAPE — (Follow-up to pre-open call that the dismissive analyst”s note wasn”t kosher…) Down over 35 cents to attack 2.25, which needs to hold as support to maintain this dip as being only a temporary correction. (Still potential to retest 2.25.)
CBDS — Might be premature in timing, but holding the 7.33-7.66 would be bullish.
EAPH — A lot can/will happen in the interim, but an eventual close above .033 would target .049… Meanwhile, this pullback needs to hold .021 to avoid extending it to .018.
HEMP — I don”t see current news behind [Monday]”s move, but a pullback to .062-.063 would be compelling for long-entry to test .09 (already improved from that support test to end the day with a surge to .074, so pullbacks now must hold .069).
MYHI — The up/down-crash setup can”t apply here because there are multiple consecutive sessions overlapping each other. No more than 2-3 should be allowed that hesitation during an otherwise relentless decline so that it can run out of selling pressure. Instead, the overlapping robs the decline of its momentum, so it”s not really so extended that a snap back is any likelier.