My week on $LRAD, $AKAO, $BIOC, $ONCY, $AMRN, $DMRC, $ARTH

It was a week of bounce.  Although it could not recover all the downdraft from the previous week, it did recover half-way.

SPY_Weekly

However, it is still a lower-high and a lower-low weekly bar for the week. Another up week is needed for the bull to reclaim a bullish stance.

My port also had a bounce to end the week.

$DMRC continued to prove the thesis that a doji bar at support means a high probability of a bounce.

DMRC_weekly

Price bounced nicely and that prevented the weekly bar from becoming a bearish engulfment bar.  The long shadow at the bottom showed the bull is still alive and kicking.

$ONCY also bounced on Friday and that left a small spinning top weekly bar the at 5 MA support.

ONCY_weekly

I’ll say the probability of a bounce is pretty good for next week.

$AMRN finished Friday with a weekly up bar.

AMRN_weekly

While a small green weekly bar, it showed that the bear has lost its momentum.

Meanwhile, $BIOC ended the daily downdraft with a green bar to stop the bearish momentum.

BIOC_weekly

It is still a weekly red bar but price is still above the $2.22 support.

$AKAO ended the week with a doji weekly bar.

AKAO_weekly

Since the doji bar is above a former resistance, it may consider to be a “pause” on a continuing trend.

$LRAD ended the week with a spinning top (with long tails on both ends) next to a support of $1.67.  Therefore, the probability of a bounce is very strong for next week.

LRAD_weekly

I can imagine a positive earning update next Thursday to drive a tall green weekly bar for next week.

Meanwhile, $ARTH continued to hold its ground without giving back much gain for the week.

ARTH_weekly

The week was an inside weekly bar.  A breakout of the high from three weeks ago may signify a continuing uptrend momentum.

Due to $LRAD taking a hit on Friday, it reduced the gains from other position to squeeze out a 1% gain for the day.  YTD losses is now at 2.9%.

Current holdings:

Main port: LRAD, AKAO, BIOC, ONCY, AMRN, DMRC and 4.5% cash.  Trading account: ARTH (up 48.2%).

My 2 cents.



Categories: Daily trading Journal

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