The bull fought a good battle to climb back to positive territory for the close.
You could see price closed above the 5 & 15 MA lines today. In a way, price is consolidating with a bullish bias.
It was an excellent day for my port today- three out of four closed higher.
Dollarwise, $LRAD made the most gain since it is my largest position in the port.
Price took out the 5, 15, 79, & 89 MA lines all in one day. Very impressive. Let’s see if it can take out the downtrend line and head back up.
$DMRC, while gaining the most today percentagewise, took second place in dollar gain.
Price took off from the uptrend line and you could also see that it is also trading above all MA lines. The Bollinger band also narrowed further down which will allow price to breakout of the upper band soon. Everything (technical and fundamental) seems to come together for $DMRC to head higher from here.
$CERS also bounced well today.
As if on cue, price follow-thru by heading higher after bouncing off the 89 MA line three trading days ago.
$ORBC tried to come back from the low but could not close positive; however, it got consolation prize for trying hard.
Staying above $6 is important for $ORBC to stay firmly inside the consolidation range.
Thanks to $LRAD, $DMRC, & $CERS, my port gained back a healthy 2.6% for the day. YTD is now a gain of 0.7%.
LRAD, DMRC, ORBC, CERS (100% invested/speculated)
Still holding $ARTH with my other account.
My 2 cents.
Wisdom from Warren Buffet:
“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”
Categories: Daily trading Journal