Uh Ohh… a down day after so many up days…
but then price is still above the 15 MA line. Just a minor correction is all there is for now.
A BIG UH OHH… for my port is in order. Three out of four were down over 5% for the day.
$LRAD broke thru the 89 MA support line.
While this is not good for now, there is still chance for the price to bounce back above the 79 & 89 MA lines. I don’t want to see price head much lower from here.
$ORBC also fell off the cliff.
Looked like the $6.75 area is a hard resistance to break out of.. In two days, price gave back gains that took two weeks to build. Since this is a long-term hold, I’m going to have to accept the volatility.
$AMRN also fell off a bit.
Again, the 79 & 89 proved to be a tough wall to break out of. I like the fact that the 15 MA line is heading up to meet the price, hopefully, as a support for the next bounce up.
Thanks goodness for $DMRC since it was able to hold the ground.
It was actually important that it held its ground today ’cause price is already below the 79 & 89 MA lines. I don’t want to see price moves further down since I want price to bounce back up above those two lines.
Just like that, my port gave back 5.1% today with YTD gain now at 7.1%. Let’s see if there is a bounce tomorrow.
LRAD, DMRC, ORBC, AMRN (100% invested/speculated)
My 2 cents.
Categories: Daily trading Journal