Tuesday thought on $DMRC, $AKAO, $AMRN, $ONCY, $BIOC, $ARTH

The bear pulled a fast one today. Price gap-down at the open but the bull rallied strongly afterward to take out the high of two days ago (I got stopped out of my put option for losses); unfortunately the rally was short-lived and the bear took the price back down to close lower than the early gap-down level.

SPY_Daily

Price is now below the 5 MA which is not good.  The bearish momentum may carry over tomorrow unless the bull does another strong rally like this morning and hold.  Notice that the 79 & 89 MAs are trending down, a failure for the bull to break the 79 & 89 resistances means the trend will continue to trend down.

$DMRC did a good job countering yesterday red bar. More news today that went to support the thesis of imminent adoption of the Digimarc invisible barcode.

By coincident or not, the two news today offered the bigger picture that the Digimarc barcode is much needed in this current climate of mobile smartphone engagement.  The Digimarc barcode is the bridge that allow consumers to engage in their quest for instant product information with the least effort.  You simply point-and-click.  No more “where is the darn UPC barcode?” frustration.  Not to mention the ease of pointing your mobile phone camera to the item high above your reach and still get a reading.

I do not know if Walmart will mention Digimarc barcode in tomorrow 22nd investors annual meeting.  But giving the overwhelming benefits if adopted by all retailers, it is a matter of time even if Walmart doesn’t discuss Digimarc tomorrow.

DMRC_daily

While price did not close at the high of the day, it closed strong enough to stay well above the 89 MA line.  Notice that the 5 MA is about to cross over the 89 MA as well. It looks good from here.

The biotech sell-off impacted $AMRN and $AKAO negatively.  Both broke thru the uptrend line and closed below it

AMRN_daily

$AMRN needs to climb back above the uptrend line pronto to prevent further bearish momentum.

$AKAO made new interim high early in the day and fell even harder at the close.

AKAO_daily

Since this is a low volume and liquidity stock, small buys and sells can really push this all over the place.  So it’s best to ignore the ongoing carnage.

$BIOC defied the biotech bearish pull and closed with a nice green spinning top bar.

BIOC_daily

Price is now above all four MAs (5, 15, 79, 89).  Look like another bounce is coming.

$ONCY and $ARTH dropped slightly so no charts here.

I’m looking forward to Walmart meeting tomorrow, it’ll be fun.

Current holdings:

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

My 2 cents

From my camera (click on photo for enlarged version:

Red rose1 3



Categories: Daily trading Journal

Tags: , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: