03-20-2015 Journal- $LRAD, $CERS, $AMRN, $SWIR

As visualized by Carly Simon’s You’re So Vain lyric “As you watched yourself gavotte” (I could hear the music and melody right now as I typed), the market did just that.  It is gavotting its way back to the top.

DJ-30 daily

See those long green short red patterns that’s been going on since mid-March?

DJ-30 weekly

From the monthly perspective above, you could say the bull strength is quite strong!  The bear could not even made a dent.

$AMRN finally had a week of correction after six straight weeks of going up.  It is healthy and needed.

AMRN_weekly

Notice that from the weekly chart above, the previous week green bar penetrated both the 79 & 89 MA lines. While this week correction only fell back below the 89 XMA, it is still within the boundary of the 79 & 89 MA.support lines.  While there is a red bar this week, the chart still looks bullish as far as I’m concerned.

$CERS finally stopped the weekly drop and ended the week with a somewhat doji candlestick on the positive side.

CERS_weekly

Did you see the symmetrical balance?  Three weekly red bars to kick off the avalanche and then another three red weekly bars after a brief pause.  Ok, this 3×2 pattern is now concluded and the bounce will happen according to my self-created symmetrical support theory.  At least that is what I based on for my personal investment tactical game plan.  In other words, I made and stayed on decision based on my personal trading strategies regardless whether they are well-known or self-made.

$LRAD bounced for the second day which is good.  Each up day is further proof that price is reversing to the upside.

lrad_monthly

However, when you look at the monthly chart above, I’m seeing a cup & handle pattern in development.  Did you see how this week price closed above the 89 XMA after dropping below it?  If price could maintain above these two monthly 79 & 89 MA supports, the probability of price running back up to the rim of the cup is high.  And guess what, a break out of the longer-term time-frame on any popular/famous price pattern (cup & handle in this case) mean price would kick off into a long term direction of the breakout.  In other words, if price took out $3.88 (high of the cup formation) and break out to the upside and stay above $3.88 on a monthly time-frame, we may see a long-term uptrend on $LRAD.  Nevertheless, we are still dealing with a lot of IFs here.  But my crystal ball says a breakout is imminent and it actually gave me the reasons for it- $LRAD has the best technology in mass notification system and long-range acoustic devices.  This is definitely a game of “Believe it or not!”  And I chose “Believe!”.

$SWIR continued to bounce and we had a green weekly bar to “potentially” support a double-bottom theory here.

SWIR_weekly

Now, all I need is another higher weekly green bar to confirm a weekly double-bottom.

Thanks to positive closings from $LRAD and $SWIR, it was enough to offset drawdown from $AMRN and $CERS to squeeze out a tiny 0.10% gain for the day.  YTD gain is now at 19.8%.

Current holdings:

LRAD, CERS, AMRN, SWIR (100% invested/speculated).  Notice that LRAD reclaimed the top spot after price bounced back for the last two days from its fill-the-gap expedition.

My 2 cents.



Categories: Daily trading Journal

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