07-13-2015 Journal- $LRAD, $BIOC, $AMRN, $ONCY, $AKAO

Shall we give Greece a round of applause?  Why?  Hey, market was up and stayed up all day because of Greece. Yeah, but it was also because of Greece that market had a spasm… I thought that was China.  And Greece… Can we go up now?  

SPY_Daily

Price is now at the 79 MA resistance.  Another up day will take care of the problem by turning resistance into support; but a down day can mean more headaches ahead.

Hey, guess what?  My port bounced nicely today as well.  Yay!

The hero of the day is, of course, $ONCY.  It closed up near 26% for the day with no news.  Perhaps, news is coming or that the big money had done buying at the bottom.

ONCY_daily

Just like that, today advance took out the 79 & 89 MA resistance.  It regained the advance from last Monday after the release of good news.  Let’s see if there will be more news to push this one further up.  I’m expecting a $3 price target before the year is up.

The next hero is $AKAO. While not as strong as $ONCY, it had a decent rally of 7.3%.

AKAO_daily

Now it needs to take out the resistance of $6.93 from late May.  I guess anything over $7 will do.  Because today move was nothing like a one-day huge rally like the previous two attempts, I believe we will see gradual up movements in the coming weeks.  The resistance will be broken soon enough.

$LRAD came third with a respectable 3.6% increase.

LRAD_daily

Price could not stay above the 15 MA but it was well ahead of the 5 MA.  Come on now, give us some news!

$BIOC came forth with a standard fair of 1.5% increase.

BIOC_daily

Hey, I take it over a down day. I also like the fact that price is still within the symmetrical triangle.  I believe it will rally hard one day just like $ONCY.

$AMRN had a neutral day.  Who can blame it?  It is now a sitting duck waiting for a binary event to happen- Judge decision on preliminary injunction.  Unless, $AMRN has news on partnership, it may just be neutral for awhile.

AMRN_daily

It is good that price is still at the upper part of the symmetrical triangle.

Well, with four stocks up nicely, my port gained back a whopping 5.6% for the day.  YTD gain is now at 8.1%.

Current holdings:

LRAD, BIOC, AMRN, ONCY, AKAO and 5% cash.

Also, since $ARTH is now in the “anticipation” zone waiting for its human trial result for its revolutionary hemostat device, I’m going to post a chart here daily since I’ve decent size position on my other trading account.

ARTH_daily

While a bit of a down day after a nice run-up last Friday, the overall trend is now heading up.

My 2 cents.



Categories: Daily trading Journal

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