01-16-2015 Journal- $DMRC leading

Once again, the bull bounced off the magical 79 & 89 MA trampoline.

DJ-30 daily

The probability of a continued bounce is high from here.  If further bounce ensues, then we’ll have a higher correction low comparing to mid-December correction low which is proof that the bull is far from over.  From the weekly chart below,

DJ-30 weekly

last week bar closed above the 15 MA line which was a sign that the bull is still on an uptrend.  The last three weeks were simply a standard issue of normal corrections.

From my port, two out of four were up.

$DMRC bounced off the secondary supports (highs from October of last year).

DMRC_daily

Further bounce from here will give bull a better grip on the uptrend.

DMRC_weekly

The weekly chart above showed that while the weekly bar was down, the bull was able to fight back and closed next to the uptrend line.

$ORBC, the other stock that was green for the day, while up slightly reflected a strong bullish attempt to climb back from the low of the day.

ORBC_daily

If price can take out Friday high, the probability of further bounce will increase.

$ORBC weekly chart below showed that the 89 MA support is holding the price level.

ORBC_weekly

Price was able to climb back to close above the 89 MA line.  Price needs to bounce from here to maintain a bullish stance.

$LRAD remained defensive while waiting for news…

LRAD_weekly

Weekly chart above showed that price range was stuck b/w $2.6x and $2.7x.  It was also a good thing price still closed above the 5 MA line.  Any positive news on sales to two large Middle-East cities will blasted this one above $4.xx easily.  Of course, the ultimate bet is that $LRAD is able to win the mass-notification projects.

$AMRN continued to trade range-bound.

AMRN_weekly

As long as it stays range-bound at this level and not drifts any lower, price should stabilize with an inclination to move higher.

Due to $LRAD drawdown, the rallies from $DMRC and $ORBC were only able to reduce the damage to the port to 0.60%.  YTD losses is now at 3.9%.

Current holdings:

LRAD, DMRC, ORBC, AMRN (100% invested/speculated)

From my other account:

Still holding $ARTH and dividend stock $VTCQ.

Like $LRAD, $ARTH is stuck in the trading range waiting for news of partnership to help spearhead the human trials for their revolutionary “stop the bleeding” technology.

ARTH_weekly

My 2 cents.



Categories: Daily trading Journal

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