06-03-2015 Journal- $LRAD, $AMRN, $BIOC, $CERS

Please give applause to the bull gallant attempt to rally higher; even though it gave back half the gain by day close.  At least, there is a bounce.  Yeh!

DJ-30 daily

Look like the 79 MA is holding well again.

$AMRN, the hero of the day, made a nice move up.


Price is now near the previous high from late April, setting up for a possible cup & handle breakout from here.  Unless price continues higher tomorrow and forgoes the handle, price may just traded around the $2.4x in the next few days to form a handle before the possible breakout.

$BIOS inched higher and is now very close to the upper edge of the symmetrical triangle.  I added more today in anticipation of the breakout..


Right now, price is above all MA lines which is very bullish.  One more push and $BIOS will break out to the upside.

$CERS took a rest today by being neutral.


Today formed a doji bar.  Let’s see if this is “pause” before continuation or a potential short-term topping.

$LRAD bounced further up with higher volume.


Now, it just needs to climb over the 79 & 89 MA resistance not too far away.  Price is now further higher than the uptrend line.

Thanks to big rally from $AMRN and normal rallies from $LRAD and $BIOC, my port gained back another 2.3% for the day.  YTD gain is now at 17.7%.

Current holdings:

LRAD, AMRN, BIOC, CERS and 6% cash.

My 2 cents.

Categories: Daily trading Journal

Tags: , , , ,

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