Well, the bull was one tough bull, isn’t it?
No matter what the bear threw at it, it is still trading at the upper part of the trading range. Sooner or later, the bull is going to break thru that resistance and make new high again.
$GOGO started off the gate going negative so I sold it for small losses. As much as I would like to see it bounce, I wasn’t going to fight a downward trend.
$DDD on the other hand was showing a bounce back after the initial drop at the open. Seeing a long-tail candlestick in development, I bought back some shares for the bounce.
It did bounce more so I’m in the black on this trade so far. Notice that the low of the day touched the lower band of the Bollinger band; this only “increases” the probability of a bottom.
Notice the weekly $DDD chart below:
Did you see the doji bar right at the support? Major support here if the Doji-support combo hold.
$DMRC made a nice comeback and a bounce from the 79 MA line.
There is a strong probability of a continuing bounce now that it bounced off the 79 MA magical line.
Thanks to bounce from $DMRC and $LRAD, my port bounced back up 1.3%. YTD gain is now 4.3%.
DMRC, LRAD, SVBL, SEED, DDD, KGJI and 22% cash.
From my other port:
Waiting for $FITX to announce Health Canada inspection result and license approval.
My 2 cents.
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