Today was St. Patrick’s today, but the market wanted some greens of a different variety. Weed stocks are the theme in terms of set ups for tomorrow. Let’s hope these stocks get ‘high’ tomorrow.
PHOT - Probably the hottest OTC stock going into tomorrow, made new all time highs and closed near it on a pretty strong power hour. Expecting a gap up close to .80 and another run at the open. $1 is not out of the question. Needs 2M in the first 3 minutes to confirm this move.
FNMA - Ran at the open and hit the 4.50 target outlined Friday but had a nasty pullback and closed red, but it’s Fannie Mae and usually produces at least a nice move at the open. The channel is 3.6-4.00 and as always about 2M volume in the first 3 minutes is a sign this stock is going to be liquid.
CBGI - Very nice move today and hit new highs at .455 before pulling back a little around 2PM EST. Still closed up 27% and .26 is a key support level that needs to hold on any big pullback.
ERBB - Another stock making new highs from the weed section on pretty solid volume. Broke 5 cents today could continue if it keeps getting these 7-10M volume surges that it did after lunch today.
FITX - Had a nice morning dip and upward move, although dried out a little towards the end of the day. Would like to see more consistent 2M volume candles given that this is a stock under .10. Moving forward, 0.085-0.088 needs to hold for a .10 break out.
EAPH - Nice move today that will give it an opportunity to test that .0799 resistance. After 0.799 we have 0.085 and then the all time high of 0.0989. Needs to keep up this 2M consistent volume on the 3 minute candle and hold 7 cents moving forward.
GRNH - Another week stock that is up big today and is breaking out, although it has lower volume relative to the others. Still worth a look. .65-.66 is the key support level and of course today’s high of .715 is resistance. Still would like to see more volume though for me to chose to play those over the other weed stocks.
Other Stocks on watch: CBIS TRTC SKTO MINE
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