This morning”s Livedesk reviewed the
This morning”s Livedesk reviewed the following MJ stocks, and can be watched here:
http://new.livestream.com/accounts/7617211/events/2865745
We discussed the following charting formations and price behaviors:
— Volume expansion and contraction to identify patterns…
— Flag and pennant continuation patterns…
— Resistance becoming support…
— Support attracting price down if its test as resistance wasn”t influential…
— Congestion as a type of consolidation…
— Overlapping bars
Make a note to remember tomorrow”s post-close Livedesk Unlimited. Its being held earlier, at 4:30pm ET.
ERBB — Big volume accompanying the current recovery attempt.
ATTBF — Fresh low at .41 target now requires close above .51 to signal momentum reversing up.
TRTC — Targeting sub-.30 unless .43 were recovered first.
MCIG — Fresh lows, still hasn”t fulfilled the .44-.45 break.
GWPH — Lackluster earnings reaction, but low volume, suggesting dip to 75-77 would be only temporary correction.
AGTK — Still testing .24 resistance and can”t tolerate delaying its recovery.
VAPE — Pullback must close above 2.37 to maintain upside momentum.
TAUG — Closing under .36 again is not bullish.
MJMD — Big bounce off last week”s lows is close to a buy signal, but otherwise wouldn”t buy weakness.
GBLX — Pattern still suggests fresh low like 1.08 is required.
FITX — Back above .058 could extend corrective bounce to .085.
CARA — Another fresh low, not willing to buy too soon after that or too close to its price.
ARNA — Potential for 3.76 if 4.89 and 5.28 aren”t recovered soon.
ISIS –Next higher target above 31 is 35.
