Some interesting Supply & Demand dynamics to consider...

AERO has been consolidating after becoming overbought and testing support around the $3 level.  There is support here because it was resistance at the end of last March and in early April, and then again in July.

AERO US Equity (AeroGrow Interna 2018-01-15 17-22-09.jpg

 

MJX is testing support around the $32.65 level.  There is support around these levels because they were resistance in October of 2016 and again during last September.  It is interesting to note that the daily volume at the end of 2016 was significantly higher than the volume that traded at the end of 2017.

MJX US Equity (ETFMG Alternative 2018-01-15 17-43-25.jpg

 

GWPH has been consolidating after running into resistance around the $135 level.  It also ran into resistance around this level in September and November of 2016, and again in February and March of 2017

GWPH US Equity (GW Pharmaceutica 2018-01-15 18-00-05.jpg

 

KSHB broke through the important $4.50 level.  This level was resistance in October and November of 2016.  When it consolidates there should be some support around there.  It is important to notice that the volume is significantly higher now that it was in back then.  This company seems to have real products, and this could be a sign that institutional investors are entering the markets.

KSHB US Equity (Kush Bottles Inc 2018-01-15 18-09-08.jpg

 

SMG gapped up at the end of last year and became overbought after running into resistance around the $110 level.  It has been consolidating and is no longer overbought, but is still in an uptrend.

SMG US Equity (Scotts Miracle-Gr 2018-01-15 18-19-38.jpg