Wednesday thought on $DMRC

Today was a battle between two exhausted players but the bear won the day by closing bell.

SPY_Daily

The red bar is a bearish engulfment bar and a down day tomorrow will confirm the potential topping formation.  Giving the resistance of $203.9 being directly on top of the red bar, it doesn’t look good for the bull.  A down day will also penetrate the 79 & 89 MA support as well.  Therefore, the bull needs to rally tomorrow to reverse the bearish momentum.

It’s been a long day for me so I’m making today post a short one.

$DMRC had another correction and this time it took out the 79 MA support.  There was news today:

Digimarc CMO to Present Powerful In-Store Mobile Engagement Strategies at Best of Food and Beverage Packaging Conference

Excerpt:

WHO:
Digimarc Chief Marketing Officer Larry Logan will detail the advantages of leveraging packaging technology to digitally engage customers at the moment of decision during the Best of Food and Beverage Packaging conference.

WHAT:
A recent study revealed 85 percent of shoppers are using their smartphones in store. Another study confirmed three quarters want additional information about a product after reading its package.”

The above pretty much support the advantage of using technology to provide customers with “fast and easy” shopping experience which is Walmart’s main motto.  Therefore, by reason of deduction, Digimarc invisible barcode and Walmart make a good pair in advancing retail technology to empower customer in their shopping experience.

DMRC_daily

The next support will be the 89 MA at $35 area. The volatility is expected and there is nothing to do but to wait for the announcement of adoption.

$AKAO, $IBIO, $BIOC,$AMRN, $ARTH were all down a bit so it was not a good day for biotech as well and I won’t be pulling up charts on these for the day.

Current holdings:

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

My 2 cents

From my camera (click on photo to see image at 100%)

Friday afternoon 027



Categories: Daily trading Journal

Tags: , , , , , ,

2 replies

  1. hey zen… sad day for our $dmrc. it can be contrarian. up when market is down and today down when market up.

    I don’t know if you’ve ever tried this.. See link to tweet below. If you have digimarc discover app great. If not ; download it to your smart phone and scan this barcode (of great value wavy lays). Takes you to a video.

    It was part of the packaging demo from back in June timeframe. Of course, the bags of chips in the display are fully enabled with invisible bar codes. This barcode just gives you the equiv experience without the invisible bar codes. Let me know if it works or not. The photo isn’t the greates (reflection/light) have to be a little patient with the scan via digimarc discover.

    • Hey, value investor, thanks for the info regarding the video link to the barcode. It has some cool video. Now, let find some invisible barcode to scan instead of the actual barcode. It will be more fun that way!

      Cheers!

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