The bull took a pause today.
It’s still too early to know if this breakout is a fake or not. From the look of it so far, I think the bull still has leg.
$AMRN bounced back nicely without taking out the low of Friday. By not allowing the bear to take out Friday low, the bull is back in charge.
By bouncing today, $AMRN is actually forming a handle for the potential powerful cup & handle breakout. Seeing that Friday low is now a support, I bought back the core position looking for a breakout.
$LRAD tried hard to bounce but gave back some gain by the close.
It looks like prices are finding support in the $2.6x area.
$TINY continued to march slowly and steadily upward.
The trend looks bullish and there is no sign of a coming correction.
$CERS gapped higher at the open but failed to hold on to the height.
Price did bounce back to recovered loss after taking out the low of the last four trading days.
Thanks to gains from $LRAD, $AMRN, and $TINY, my port gained back 0.5% for the day. YTD losses narrowed down to 1.3%.
LRAD, CERS, TINY, AMRN, and 7% cash.
My 2 cents.
Categories: Daily trading Journal