Thursday thought on $DMRC, $AMRN, $BIOC

Today was a much needed fire-power from the bull to bust its way back to the top.

SPY_Daily

But the bull has a tough job ahead- the 79 & 89 formidable resistance.  Price needs to climb over them asap and not loitering around them; otherwise, the bear would take the opportunity to push it back down.

$DMRC was under-attack all day but managed to closed higher still.

DMRC_daily

Price is now banging its head against the downtrend line as well as the 89 MA.  It is important price break out of the downtrend line to the upside.

$AMRN struggled a bit but, like $DMRC, closed higher as well.

AMRN_daily

Today green bar was needed to offset the bearish sentiment from yesterday red bar.  There is a good chance price will bounce higher and that will depend on the script number releasing tomorrow.

$BIOC made another advance for the day and price is now on top of the 79 & 89 MAs which is very good.

BIOC_daily

It is important for price to get back above the uptrend line to maintain the strong bullish momentum.

$AKAO, $ONCY, $ARTH all dropped slightly but not enough to change the chart pattern so no charts.

My port advanced slightly as well.

Current holdings:

Main port: DMRC, AMRN, AKAO, ONCY, BIOC  Trading port: ARTH

My 2 cents.

From my camera:

Sun Ray



Categories: Daily trading Journal

Tags: , , , , , ,

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