It was a resting day for the bull so the action was lackluster.
Price is still above the 79 & 89 MA support so it’s still a good start for the week.
$DMRC finally had a correction day after twelve days of advancement.
Although down for the day, price is still above all four MAs (5, 15, 79, 89) as well as on top of the uptrend line. This is now a waiting game. I’m fine waiting and is looking forward to the Oct 28th earnings update.
$IBIO corrected slightly.
Price is still above the uptrend line.
$AMRN was battling against the bear today and managed to recover some before closing bell.
Despite a late day recovery, the down bar is now hanging by the thread on the 5 MA. Price needs to bounce soon before the bear takes it further down. However, momentum indicators below tell me that a bounce is coming soon.
$AKAO started out of the gate in good form but succumbed to selling pressure by closing bell.
It seems like the biotech sector hasn’t completely recovered yet.
$BIOC is the only biotech in my port that is green.
Just by looking at the chart, the current uptrend is in good form. Price continues to be above all four MAs.
$ARTH also tried to bounce but ended the day neutral. $ONCY was neutral as well so I won’t be pulling charts.
Needless to day, today is the day of correction for my port.
Main port: DMRC, AKAO, IBIO, ONCY, AMRN, BIOC Trading port: ARTH
My 2 cents
From my camera (click on photo to see image at 100%)
Categories: Daily trading Journal