Market bounced back some today.
$KNDI opened lower so I decided to sell my position to take small losses instead of riding it. I was looking for a continuing upward momentum and since it didn’t happen, there was no need for me to hang around.
$KGJI, on the other hand, opened strong and rallied hard early in the morning. Naturally, I added more looking for $2+ in the near future.
Volume was very high today and price gave back gain from the morning spike. Nevertheless, it was still up for the day for a healthy 22.5%. While I added more at higher price, I’m still up on this position overall. Price is now stuck inside the 79 & 89 MA lines, I like to see price climbs out of this support and rally forward.
$LRAD spiked nicely later in the day.
Price is now trading at the upper band of the consolidation range.
$SEED began to bounce again waiting for the prospective buy-out result.
Price is now trading above the 79 & 89 MA lines. It is looking good from here.
Even with a minor correction from $DMRC, thanks to rallies from $LRAD, $KGJI, and $SEED, my port is up 1.8% today. YTD gain is now 9%.
Due to $LRAD spike up today, it is now the largest position in my port with $DMRC coming in second.
LRAD, DMRC, SVBL, KGJI, SEED, AMRN and 11% cash.
From my other account:
After watching price collapsed below $0.06 in mid-day, I began to look for price to settle to buy the bounce. When I finally saw the 5 min. bullish engulfment candlestick pattern being developed, I began to buy back shares. By the time I was done, I bought back about 70% of my original size.
You can see a lot of support at today low by looking at the chart. This was why I’d no qualm buying the bounce today.
My 2 cents.
Categories: Daily trading Journal