Like a rubber band being stretched too much, price bounced back up to meet the 79 & 89 MA as expected.
Now, the bull needs to continue the upward momentum to get back on track.
Fortunately, my port also made a spectacular comeback as well. $LRAD did an about face and bounced back up from yesterday drop.
And it was quite an impressive bounce. A big green bullish engulfment candlestick bar with higher than average volume. Next Thursday earning day will give us clue to the real direction.
$DMRC also bounced off the uptrend line which is good news.
Currently, price is currently above all MA lines and trendline and is about to breakout of the Bollinger upper band.
$CERS took a breather today after yesterday attempt to stay green inside a big down day.
Price still closed above the 5 MA line which is good.
$TINY pretty much stay the same.
Not much activity here.
Thanks to $LRAD and $DMRC, my port gained back 3.3% for the day and YTD gain is now 1%.
LRAD, DMRC, CERS, TINY (100% invested/speculated).
From my other account:
I added $TRTC yesterday to pay the cannabis sector. Still holding $ARTH.
My 2 cents.
Categories: Daily trading Journal