“Where’s my turkey?” the bull demanded. It wouldn’t run unless it is fed.
Like a hand-made floating lantern, price simply drifted slowly up the sky.
Finally, a bounce from my port as well. Both $LRAD and $AMRN bounced some with $ORBC getting the highest % gain award. $DMRC drifted back down slighlty.
$LRAD finally had a little green bar pausing right b/w the 79 & 89 MA lines. Perhaps, the program buyers had finished buying up cheap shares after shaking up the trees? “Well, let’s get the party going soon!”
Time to bounce soon, the magical 79 & 89 support lines demand it.
$AMRN got the much-needed bounce to turn the tide. We do not want price to correct too far away from the 79 & 89 resistance lines. The closer to the resistance lines, the more powerful is the force behind the bull.
It is important that price bounces above the overhead resistance lines as soon as possible. If it can do that, perhaps Amarin can finally drift higher from here until the Reduce-It result comes out.
$ORBC jumped with enthusiasm today.
Will it break $7 this time after failing to do so in mid-October? We’ll soon see.
Although $DMRC was down slightly, the chart still looks good for a bounce from here.
I like the fact that both momentum indicators below are pointing up from the bottom. Yes, I know, it is not guaranteed but the oscillators improve the “probability”.
Thanks to three up and one slightly down, my port gained back 1.3% with YTD gain now at 15%.
LRAD, DMRC, ORBC, AMRN (100% invested/speculated).
Still holding $MCIG with my other accounts. I thought of selling $MCIG since I’ll be getting the free shares from being a recorded owner on Nov.28th; but then I decided to hold it for the coming cannabis rally which usually come around year-end to the first quarter of the new year.
My 2 cents
Categories: Daily trading Journal