Another indecisive day for the bull… to break or not to break, that is the question.
It won’t take much to spark price up to new high; neventheless the resistance is quite formidable.
$AMRN led the port today by gapping up at the open due to an upgrade by SunTrust Robinson Humphrey from neutral to buy with a price target of $6.00. Finally! Someone took notice.
Even if price started to consolidate around here at $1.3x, price pattern would more likely to form a handle here in a potential cup & handle breakout pattern. With weekly script # over 10,000 and climbing, AMRN’s Vascepa may become more relevant. Thanks goodness I sold some $LRAD to buy back some $AMRN last week.
Meanwhile, minor corrections from $DMRC & $CERS, offset $AMRN gain such that only 0.3% gain was achieved for the day. YTD losses is narrowed to 1.1%.
LRAD, DMRC, CERS, AMRN, TINY (100% invested/speculated)
My 2 cents.
Categories: Daily trading Journal