Today was a much needed fire-power from the bull to bust its way back to the top.
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.
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.
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.
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.
Main port: DMRC, AMRN, AKAO, ONCY, BIOC Trading port: ARTH
My 2 cents.
From my camera:
Categories: Daily trading Journal