The bull played an April Fool on us even though we are in December. A strong rally to rise from underwater only to fall back underwater by closing bell.
At this point, we still have the trendline (straight blue line) to act as support.
While the Dow played a yoyo game intraday, my port was playing yoyo multi-days. Thanks goodness it was an up day for me. Today two out of four went up and two down; but the two that went up are my top two largest positions.
$LRAD bounced off the lower Andrew Pitchfork line.
Another bounce tomorrow will increase the probability that the bounce will prevail.
$DMRC closed strong today with price stayed above the previous resistance from Oct-Nov.
I can see further upward momentum from here if there are more positive operational development.
$ORBC and $AMRN are still struggling to maintain their current position albeit they were down slightly today.
Due to upmove from $LRAD and $DMRC, my port gained 1.6% today. YTD gain is now back to double-digit 11%.
LRAD, DMRC, ORBC, AMRN (100% invested/speculated).
From my other account:
I’m still holding $MCIG. Although price dropped quite a bit today, there is still recent support right below.
If this support hold, I’ll keep holding; if this support break, I may bail to cut losses.
My 2 cents.
Categories: Daily trading Journal