The bull trotted up the hill this time instead of galloping. I think it is seeing a tree instead of a mate ahead.
While not a big jump, it is a jump nevertheless.
Again, my port continued to drift lower due to $LRAD short-term trader bailing out the boat.
However, I’m still undaunted ’cause I believe in their products and their upcoming large sales in 2015. I even added some more with remaining cash. So far, price is still being supported by the 79 & 89 MA lines. Let’s see if it can bounce from here.
$DMRC has a small bounce off the 79 MA line support.
This is a good sign. Let’s see if it will bounce higher from here.
$ORBC continued onward as well.
Price is beginning to move away from the 79 & 89 MA support lines. I can see the trend will beef up as we move into 2015 when the other eleven state-of-the-art satellites are launched and the SkyWave acquisition finalized.
$AMRN gave back some ground today but not much.
I could see price is building a cup & handle pattern here. A breakout of current consolidation range also means a break out of the 79 & 89 resistances. I’m looking forward for this breakout; thus, I added more with available cash to round up investment size.
Due to $LRAD drawdown, my port gave back another 1.4% today with YTD gain now at 14.4%.
LRAD, DMRC, ORBC, AMRN (100% invested/speculated)
My 2 cents.
Categories: Daily trading Journal