“Bravo! Bravo!” to the bull for making a come-back to close positive for the day.
As you can see on the chart, price closed above the 79 & 89 MA lines. It’s all looking good for the bull from here.
$DMRC made a strong bounce to climb back above the 79 & 89 MA lines.
A dip below the magical lines and then bouncing back in the following days is all standard playbook bullish patterns for trading around the 79 & 89 MA lines.. It is the failure to bounce back that one needs to worry about ’cause it may signal a possible change of trend.
$ORBC came in second for rallying the port.
The bounce was robust considering the volume was greater than previous trading day. If the bounce continues this week, it only means that $ORBC had traded to the low of the trading range b/w $5.4x and $6.75.
$AMRN was neutral for the day after fighting back from negative territory.
Price looked like it is stabilizing around $1.xx. Now, let’s see a rally from here.
Thanks to rallies from $DMRC and $ORBC, my port gained back 1% despite drawdown form $LRAD. YTD losses is narrowed down to 2.9%.
LRAD, DMRC, ORBC, AMRN (100% invested/speculated)
From my other accounts:
I’m still holding $ARTH and $VCTQ; however, I was stopped out of $AGEN for small losses in the morning when price took out the lower band of the opening range. I did not get back in for the bounce since I wasn’t looking to get back in.
$ARTH looking bouncy from here.
My 2 cents.
Categories: Daily trading Journal