Are we going up or are we going down? This short week showed a bounce. So far so good. But it will be nice to see another bounce week in order to eliminate the bear stink. This week bounce could be a dead cat bounce or it could just keep going back up. Time will tell.
There wasn’t much movement on my port this week. The only thing I did is to add more $AMRN looking for a belated rally over the Reduce-It trial result that is due to be related by 3rd QTR 2018.I also like the fact that this week bar closed with a spinning top bar near the $3.04 support. From my observation, the odd is better than 50/50 for a bounce when spinning top appeared near support (see blue arrow).
$LRAD continued to hold its ground above $2.20. There is really nothing much to do here except to wait for more news on sales. I’m expecting growing sales in their mass notification packages so it’s another waiting game.From a long-term perspective, the handle is building nicely (oval blue) getting ready for a breakout in the Cup & Handle formation.
$IBIO and $AEMD were struggling to maintain altitude while waiting for news. I don’t think I need to repeat myself here on what catalysts I’m waiting for here.
The more I researched on Senhance, the more I’m excited about its future prospect. You can ready my thought on $TRXC by clicking –> here
.Due to lack of movements this week, my port dropped slightly from last week.
LRAD TRXC AMRN IBIO AEMD & cash (up 1.8% YTD)
My 2 cents
From my camera:
Categories: trading journal