LUNL, BMBM & Today’s Extended Watchlist

Lumonall, Inc. LUNL

Despite a flat finish yesterday, LUNL managed a high of .0034. This stock first appeared on our extended watchlist on Monday, after which we saw a low of .0016, which, to yesterday’s peak price represents a gain of 113%

It has maintained higher lows and reached higher highs since we started covering it, as well as consistently trading higher-than-average volume.

____

BMB Munai, Inc. BMBM

We wanted to highlight BMBM this morning, as a dead-cat bounce play that is just coming off of its 52-week low. As recently as August-September, it ran from low .20’s to .314.

On Halloween, the stock experienced a huge gap-down; trading at .31 on the 26th. The markets were then re-opened in the wake of Hurricane Sandy on the 31st, and it opened at .10, falling to a low of .017. After this catastrophic decrease, the stock continued to feel selling pressure until it reached its ultimate low of a penny this past Monday.

We like catching these plays when the bottom falls out suddenly like we’ve seen here. The subsequent recoveries are usually good for some really nice percentage increases as the stock attempts to gain back some of that lost ground. We’re obviously not expecting a return to .30, but a bounce recovering even a fraction of the former value could be a lucrative prospect indeed.

Looking at the chart below, we can see that the Accum/Dist and the RSI are starting to look like they are turning around after a period of being heavily oversold. The PPO also looks like it is setting up for a bullish cross in the sessions ahead, so we definitely want to keep an eye on BMBM heading into next week. The Slow STO has been kissing and it too seems to be gearing up for a cross. We can see that .034 is a recent swing-high, as the stock tried to bounce immediately after the big gap-down; that is where it ran into some resistance, and thus seems like the first major hurdle that needs to be cleared.

____
Extended Watchlist:
TCX, ZAZA, FRO, SNDN, 

ERBB, GRNH, LUNL, IDGC & Today’s Extended Watchlist

Tranzbyte Corp ERBB

ERBB opened at .0048 on Monday, and ran to .0075, where it ran into a key level of resistance. Currently we have a golden cross formation setting up on the chart. This play will be on our watchlist for weeks to come. We are looking for when the 20DMA surpasses the 200DMA, and at the rate it’s been going, we could realistically see that occur within the next couple of weeks.

Yesterday’s volume of 42.5M shares traded represents nearly 7X the current average.

Barchart.com is currently listing ERBB as a 64% Overall Buy and placing the brunt of their confidence in the short-to-medium term.

Most of the medical marijuana plays that we’ve been monitoring with the exception of ERBB, were on downtrends yesterday.

____

GreenGro Technologies, Inc. GRNH

GRNH was one of those med. marijuana stocks that experienced a pullback on Monday, no great shock, granted the recent huge runs we’ve been seeing. It did, however, end up maintaining the support level we had mentioned in the morning reports (.05-.06), closing the day out at six cents.

We need to see GRNH hold a minimum level of support anywhere from the 20DMA (.0322) to yesterday’s foothold at .0465. Moving forward, we are going to have to monitor all of these consolidating marijuana stocks for any bounce actions that may come to pass.

____

Lumonall, Inc. LUNL

After appearing in our extended watchlists recently, LUNL earned a spot as one of our main focal points this morning, turning in back to back days of abnormally high volume.

On Friday, it traded over $23K in dollar volume, and yesterday, another $16K. With accumulation increases such as these, there often tends to be a corresponding increase in upward momentum, so we certainly want to watch for that.

The stock has enjoyed steadily rising closing prices for the past three consecutive trading days, so we are anxious to see if the recent awakening of the stock can continue to duplicate those results.

____

IDGlobal Corp. IDGC

This is a high flying, big momentum mover that caught our attention yesterday when it ran from .0004 to as high as .0075. A surge like that is enough to get anyone’s attention, exploding for possible intraday gains of over 1700%

We most definitely want to put this stock on bounce-watch once the dust settles from this amazing run. One would expect to see significant consolidation after such a showing, and the resultant rebound could be impressive in and of itself. In the meantime, we’ll want to make certain that the current run is indeed at an end.

____
Extended Watchlist:

MSLP, CGRA, TMKR, HZNP, GALE

GRNH, CBIS, ERBB & Today’s Extended Watchlist

GreenGro Technologies, Inc. GRNH

We’ve often used the old term “If it ain’t broke, don’t fix it” around here, and it certainly seems to apply to our medical marijuana plays. We continue to see these high-flyers churning out sizable gains, time and again.

Friday was another monumental session for our watchlist with both GRNH, and CBIS trading record volume. With that surge in trading, came breakouts for both stocks.

GRNH was up another 183% on Friday, closing at .085. This represents a 554% gain from the low of .013 back when we first issued our med. marijuana report (Oct. 16).

While not the first gains we’ve seen from GRNH, Friday’s were the largest we’ve seen to this point, and on more than 10X its average volume.

Barchart.com is currently giving GRNH a “100% Buy” Rating.

We don’t think it is very likely to see a big pullback following that type of momentum, however, in the event of a consolidation, we’d like to see support hold in the .05-.06 range.

____

Cannabis Science, Inc. CBIS

As stated above, CBIS had record volume day on Friday. The video chart we put out that morning pointed to the fact that we wanted to see a break past the 200DMA of .07, and it happened that very same afternoon.

The stock went on to hit a high of .10, and closed out strong at .09. Being as low as .04 following our Oct 16th report, the gains at Friday’s high represent a 150% move.

Like GRNH, the momentum on CBIS was off the charts on Friday, therefore we anticipate some carry-over into today’s session.

____

Tranzbyte Corp ERBB

ERBB is one of the few cannabis-related stocks that is trading sub-penny. On Friday, the stock closed at a major resistance point of .004 (200DMA).

The stock has bumped its head against that point on quite a few occasions this year. Each time, it has been unsuccessful at getting over that obstacle.

Passing the 200DMA would be a major push in the right direction for ERBB, and would open the door for its next leg up. We’ll be continuing to monitor the stock for just such an eventuality.

____
Extended Watchlist:

STLK, CGRA, ACGX, LUNL, CELGZ, INO,