Weekly thought on $AEMD, $AMRN, $IBIO, $LRAD, TRXC

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. SP-500_weeklyThis 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.AMRN_weeklyI 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.LRAD_weeklyFrom 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.

Current positions:

LRAD  TRXC  AMRN  IBIO  AEMD  & cash (up 1.8% YTD)

My 2 cents

From my camera:

Sunday Home Depot 030

Categories: trading journal

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: