After two weeks of up days to close the year, market decided to take a correction on the first day of the new year.
Fortunately for me, six of my stocks were up today with the other three down slightly.
The biggest winner today is again $KNDI. At first, it opened down a bit and then it rallied hard all day until the last hour when profit-taking brought it down a bit.
Notice that price continued to stay above the 79 & 89 MA lines on the 5 min. chart above..
From the weekly chart,below $KNDI looks very strong.
Notice that this week bar completely trade outside the upper band of the Bollinger band. I’ve reason to believe that $KNDI upgraded to NasdaqGS listing today opens the door for institutions to buy $KNDI.
$GALE also climbed back up above $5 today so that was another good beginning.
If you look at all the MA lines and indicators, they are all pointing up.
The weekly chart also looks strong for $GALE.
With the $ADX beginning to trend up, I see there are still room for the momentum indicators to go up before they are being labeled as overbought.
$KGJI bounced today and that was a good sign. From the daily chart below, you could see that price action was forming a symmetrical triangle b/w the downtrend line and the 79 & 89 MA lines.
I expect a pop to the upside soon. Perhaps, it is now $KGJI turn to run hard. If it does, It will surely propels my portfolio to higher ground since $KGJI is my third largest position right now.
Thanks to $KNDI, my portfolio opens to the new year with a bang! An auspicious sign indeed.
KNDI, LRAD, KGJI, CERS, INO, GALE, XONE, AMRN, TINY (full speculated).
From my other account:
$PHOT continues to head much higher.
If there are shortage of legal pot in Colorado, I expect to see $PHOT reach a dollar inside three months. I will not be surprised if the magnitude of the shortage in legal pot exceeds everyone expectation.
My 2 cents.