Well, the bearish momentum was stopped and the 89 XMA support is working well. For some reason, I’m getting a vibe that the market is about to head much higher. Don’t you feel it too?
It so happens that the 89 XMA support is also joined by the 2014 closing price support as well.
$DMRC bounced as expected from yesterday doji bar. Statistically speaking, a doji next to support or resistance provides a high probability of a bounce or drop respectively.
Today news obviously is the catalyst for the bounce. Rockfish Integrates Digimarc Software for Faster Mobile Product Scanning, Greater Inventory Insight for Walmart Suppliers The news could not be more transparent about Walmart connection. So, with today news on how Digimarc can benefit Walmart suppliers plus Walmart CEO’s instagram praising Digimarc invisible barcode, what do you get?
$BIOC took a tumble in the morning but rallied back up by mid-day.
It now has a bullish engulfment bar with a long tail below. This is bullish and can potential be a bottom formation once price starts to bounce from here. Any good news from here and price is gonna pop right back above $2 and the short-sellers will see the profit evaporated into thin air.
As a refresher, re-read Warren Buffett’s wisdom:
“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”
Liquid biopsy will eventually replace tissue biopsy (what will happen). Forget the price volatility (Don’t focus on when). Biocept’s liquid biopsy has received numerous insurance coverage (focus on what). If you’re right about liquid biopsy being the future (what), you don’t have to worry about price volatility now (when).
Meanwhile, $IBIO got hit by more selling (tax loss selling?) while $AKAO bounced some more. $ARTH bounced slightly but then human trial is the key catalyst and $RBY gave back some gain.
Still long and strong in all my positions.
My 2 cents
From my camera (click on photo to see image at 100%)