The market roared back up today.
The only change I made today was to dump the $NUGT trade after it gapped down at the open. Although it bounced back to close positive for the day, I’m not sure if the upward momentum is still intact.
$KNDI bounced back up hard in the morning but by midday, sellers again tried to bring it down. Like a coiled spring, price bounced back somewhat before close. I’m seeing a lot of resiliency in $KNDI. All it needs is proof of concept by news of delivering of EV to new car-sharing garages for price to keep on moving higher.
Let’s see if price can continue to bounce higher tomorrow.
$KGJI finally broke out of the downtrend line and it just needs a little nudge to move it out of the $1.85 resistance reflected by the blue line in the daily chart below.
by the look of it, I think it is ready to rally.
$CERS continued to move higher. We may be able to see a break out over $7 soon.
I like to see price takes out the 11/29 high at $6.86 by tomorrow.
$GALE continued to move higher as well.
I like the slow climb gradually over a quick run-up when I believe in the long-term prospect of the company. $GALE seems to fit the bill here.
Today, four out of my nine position (shown above) rallied while the rest tumbled slightly; still my portfolio gained nicely due to $KNDI bounce back.
KNDI, LRAD, KGJI, CERS, XONE, GALE, AMRN, TINY and 4% cash.
My 2 cents.
Categories: Daily trading Journal