Market tried very hard to continue last Friday bounce.
It succeeded to some extent.
$KNDI was showing sign of popping when it started to run after the open. Due to strong showing at the open, I bought a starter position on $KNDI for the bounce.
Chart looked good with price moving away from the 5, 15, & 89 MA lines. If it takes out last Thursday high of $13.44, I may add more.
$DMRC continued to run nicely to the upside.
Today rally took out resistance at the $34.33 level. I like to see it taking out the $37 resistance this week.
$NMRX rallied right off the 79 & 89 MA lines.
Chart looked very positive for a continuing run from here.
$APRI blasted off from the symmetrical triangle formation to the upside.
Although price gave back gain by after the opening range, price still closed above the downtrend line which is a positive sign.
Thanks to $DMRC rally, my port was up 1.25%. YTD gain is now 5.25%.
DMRC, LRAD, SWIR, KGJI, BIOS, NMRX, APRI, AMRN, KNDI and 3% cash.
From my other account:
I sold $TRTC today simply because it opened lower and the chart did not look good for near term perspective.
See how price went below all the MA lines with today being the second down day against a resistances at the 15 and 89 MA lines? I’m not going to hang around to witness a possible drop from here. Thus, I’m out for now.
My 2 cents.
Categories: Daily trading Journal