Is this a replay of last week? Down Monday and then spend the rest of the week to climb back up?
Price bounced back some from today drop to close next to the 15 MA line. We may see a continued drop from here if the 15 MA line support could not hold. Last Monday low is the next support.
Like everyone else, my port took a hit today with three down and one up.
$LRAD fell back from the 89 MA line.
Price was trading in sympathy with the general market. Weaker hands decided to bail or people were simply selling to take tax losses.
$DMRC was holding well despite a negative market.
Price bounced off the 5 MA line which was a very bullish sign.
$AMRN practically gave back all gain above $1.00. I’m feeling like an idiot watching my profit disappear once again knowing full well this could happen. Oh well, this is why holding long-term can be hard.
The positive thing I can see on the chart is that price is now approaching the 61.8% Fib retracement level. Let’s see if this and the $1 can hold as support.
As discussed before, $ORBC is a waiting game until the SkyWave acquisition is finalized and that their eleven new satellites are launched.
Price is still holding at the 79 MA support line.
Due to big drawdown from $LRAD and $AMRN, my port gave back 2.9% with YTD gain at 9.7%.
LRAD, DMRC, ORBC, AMRN (100% invested/speculated)
My 2 cents.
Categories: Daily trading Journal