The market was down today but settled right on the major support areas.
See how the price closed directly on the blue support line and the 79 & 89 MA lines? If price bounces from here, there is a good chance we are going back up.
$GALE traded below Friday low and I sold to take my small losses. Good thing I did ’cause price fell apart after I sold.
See how price bounces off the support (blue line) near $4.7x area? I’m definitely looking to buy back at the low $5 area when cash is free up.
$KNDI continued to correct but somehow I wasn’t worried at all.
Price did bounce off the $11 support. If you look at the chart, price closed only a bit below the consolidation range. I can see it climbs back into the range tomorrow or later this week. Still holding long and strong.
$KGJI was the shining star today when everyone else were down.
Price actually closed back above the support line which was encouraging.
$ATOS could not continue the rally so I’m going to have to keep an eye on this one.
Price closed right on the 15 MA line. Since I did not spend too much time on research $ATOS, my conviction is not solid; thus, If price takes out Friday low, I may have to cut and run.
Currently, I’ve three positions that I will not attempt to market-time (aka swing trade); $LRAD, $KNDI, and $KGJI. I’ve absolutely full conviction on this three stocks for long-term gain so I’m not going to trade these.
KNDI, LRAD, SEED, KGJI, ATOS, CERS, TINY and 7% cash.
Worthy to mention:
$PHOT, against the herd, climbed higher today!
My 2 cents.
Categories: Daily trading Journal