The bull is BACK! It woke up from the bear hypnosis and shook off the spell like unwanted water…
One more up day and price will take out the downtrend line from above which is currently the resistance.
$DMRC’s bounce matched the direction of the uptrend line. One more up day and it is going to climb back above the 79 & 89 MA lines.
If you look carefully, you can see the mini-higher higher and higher low trading patterns from the beginning of the year.
$CERS also bounced and moved away from the 79 & 89 MA lines to the upside.
Basically, the 79 & 89 MA lines are strong support that acts like a trampoline for price to bounce off from.
$TINY moved up a bit more which is in line with current “slow” uptrend movement.
Price is now on top of all MA lines.
$LRAD is neutral for the day waiting for Thursday earning announcement.
Will it pop up then? Stay tune.
Thanks to $DMRC, $CERS, and $TINY, my port gained 1.1% for the day which is also the YTD gain as well since yesterday was at breakeven.
LRAD, DMRC, CERS, TINY (100% invested/speculated).
My 2 cents.
Categories: Daily trading Journal