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!
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%.
LRAD, AMRN, BIOC, CERS and 6% cash.
My 2 cents.
Categories: Daily trading Journal