Right on track, the bull continued onward.
Price is now on top of the 79 & 89 MA lines. Let’s see if the bull can hold this position without giving it back.
$AKAO fell back some from Friday rally. But if you look at the daily chart below, you can see a symmetrical four bars pattern (see inside circle).
See the red-green green-red bars? The mirror image of this flip-flop will be an upward trend direction. Yeap! $AKAO is going up.
$BIOC continued to bounce slowly. You can almost feel the anxiousness of the shorts.
Once the diagnostic test for prostrate cancer becomes available, the shorts are going to be in trouble. All men will be applauding.
Tissue biopsy on the prostrate, anyone?
It is going to be as easy as a blood test. In fact, it can be part of the routine blood test for men over certain age. By doing routine blood test, one gets to catch the prostate cancer much earlier and stop it before it spreads. More lives will be saved. The problem with tissue biopsy is that by the time the doctor thinks you need a tissue biopsy, the cancer may have metastasized already.
$DMRC continued to march forward a step at a time.
This one is going to go sky-high. Don’t believe me? Come back in two years and I’ll tell you, “I told you so.” Barcode of everything is the next wave, along with Internet of Thing. We are literally heading into those futuristic society like we saw in the movies. $DMRC has only 6.6 million shares float and is very thinly traded. In fact, $DMRC is a perfect company to be used in my “short” story. The shorts has no clue to the kind of change $DMRC is going to bring to the retail world. There is going to be a paradigm shift on how consumers interact with the products and Digimarc will be at the center of this shift. Meanwhile, all the shorts looked at is the current financial performance in light of market cap and proclaimed, “It is overvalued!”.
The shorts here at $DMRC is the stranger in my story. They are clueless in the direction of where the company is going.
$ONCY stayed neutral and $AMRN down a bit; both did not change the chart patterns much so I won’t pull them up.
$ARTH bounced a bit and closed as a doji bar.
Hmm.. doji by the 79 & 89 support line. I believe it is going to bounce.
Due to $AKAO coming back down for the day, my port gave back 0.8% for the day. YTD losses is now at 11.8%.
Main port: AMRN, DMRC, AKAO, ONCY, BIOC and 5.2% Trading port: ARTH (up 13.5%)
My 2 cents
Categories: Daily trading Journal