Today drop should not be a surprise since price had been having a hard time maintaining altitude after bumping against the resistance line four trading days ago.
However, price seemed to bounce back from the 15 MA support. With after-hour trading up about 3+ points, perhaps this is just a normal minor correction that will fade into nothing in a day or two and the bull will come roaring right back.
There is not much thought in my head for the moment but I like to share a wisdom from Warren Buffett that I use to remind myself from time to time.
Wisdom from Warren Buffett:
“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when”
Main port: DMRC, IBIO, BIOC, AKAO Trading port: ARTH
My 2 cents
From my camera (click to see image at 100%)
Categories: Daily trading Journal