Is the bull tired? Or has it eaten too much turkey?
With a bit more weight, the price drifted back down a bit…
Yet my port ate too much and it weighted down once again. $ORBC gave back gain from two days ago albeit at much lower volume.
From the weekly chart above, $ORBC is still stuck in the consolidation range b/w $6 & $7. The good news is that price is still above the 79 & 89 MA lines which are also pointing up.
$DMRC attempted to bounce this week but failed due to low volume sell-off.
It is trading at the Fib 61.8% retracement level. Let’s see if this will hold.
$LRAD gave back last week gain but still settled above the mid-line of the inclined Andrew Pitchfork trendlines.
As far as I’m concerned, it is still an upward bullish trendline on the weekly chart. There is nothing to do but to wait for news on successful deals.
$AMRN is holding well from last week gain. It only gave back 1.53% this week which is a good sign per my perspective.
I like the fact that price is still above the 15 MA line.
Due to drawdown from three of the four stocks, my port gave back 2.8% with YTD gain at 12.2%.
LRAD, ORBC, DMRC, AMRN (100% invested/speculated)
From my other account:
I decided to unload $MCIG for losses and wait for the dividend shares to come in. I didn’t like the fact that with the new MCIG 3.0, I could not find more details on the web such as reviews from youtube.com. I do like the idea of vitamin e-cig though.
My 2 cents.
Categories: Daily trading Journal