Finally, a correction I’ve been waiting for…
But I was stopped out of my $TZA yesterday; so too bad. There is a support from the 15 MA line. If price can bounce from there, the bull is active.
I didn’t do much except to buy a starter position on $GALE with the available cash released from the three days settlement.
Price was above the 79 & 89 MA lines and the 5 and 15 MA lines are both pointing up. Although today closed negative after staying up positive all day, I’m holding this one to see which way the wind blow in the near future.
$DMRC held steady and closed on the positive note and above the 79 & 89 MA lines which was encouraging for the bull side.
Sooner or later, $DMRC will explode upward when retailers start to adopt its barcode format. Of course, I’m betting that its technology will be adopted.
$BIOS bounced slightly which was an impressive feat giving the market was down.
With a green bar today, I see the uptrend is still intact despite the down red bar yesterday. I’m still holding my shares I bought yesterday.
$APRI tried to rally but was being dragged down by the bearish market.
Price breached the downtrend line to the upside. It is important that price do not retrace from here; otherwise, the downtrend line may become a formidable resistance.
Due to correction from $LRAD, my largest position, my port was down 0.7%. YTD gain is now 3.45%.
LRAD, DMRC, SWIR, KGJI, BIOS, APRI, NMRX, AMRN, GALE and 7% cash.
From my other account:
$TRTC was holding well today.
Price advanced cautiously. Still holding.
My 2 cents.
Categories: Daily trading Journal