Market gapped down but bounced right back up to positive ending. A very strong showing indeud!
Notice how price bounced right off the 5 MA line and closed higher than yesterday high.
$CERS continued to climb higher and away from the support line.
Currently, $7.50 is the resistance and if it takes out the resistance with conviction, we can see $8 easily.
$LRAD continued to recover from the drop-off after earnings slowly.
Today, it closed higher than the consolidation range.
$SEED made another attempt to rally hard but was succumbed to profit-taking.
Nevertheless, price still closed above yesterday high. Will the Chinese Gov’t announce the decision on approving the two GM seeds from $SEED soon for commercialization? Still waiting patiently.
Thanks to the rallies from the above three stocks, my portfolio continued to advance higher despite some minor corrections on the remaining stocks in the porf.
KNDI, LRAD, CERS, SEED, KGJI, HALO, TINY, APRI (fully speculated).
From my other account:
$FITX bounced a bit today to stop the falling pattern of the last two days. I continued to add some more today to scale-in size.
See how price closed near the 5 MA line? Do you see that the trend is still up?
My 2 cents.
Categories: Daily trading Journal