Market bounced back some today.
If you look at the trendlines right below today low, you will see that even though price was down the last two days, the market is still in an interim uptrend simply because today was a bounce day.
$KNDI opened lower so I decided to sell my position to take small losses instead of riding it. I was looking for a continuing upward momentum and since it didn’t happen, there was no need for me to hang around.
$KGJI, on the other hand, opened strong and rallied hard early in the morning. Naturally, I added more looking for $2+ in the near future.
Volume was very high today and price gave back gain from the morning spike. Nevertheless, it was still up for the day for a healthy 22.5%. While I added more at higher price, I’m still up on this position overall. Price is now stuck inside the 79 & 89 MA lines, I like to see price climbs out of this support and rally forward.
$LRAD spiked nicely later in the day.
Price is now trading at the upper band of the consolidation range.
$SEED began to bounce again waiting for the prospective buy-out result.
Price is now trading above the 79 & 89 MA lines. It is looking good from here.
Even with a minor correction from $DMRC, thanks to rallies from $LRAD, $KGJI, and $SEED, my port is up 1.8% today. YTD gain is now 9%.
Due to $LRAD spike up today, it is now the largest position in my port with $DMRC coming in second.
Current holdings:
LRAD, DMRC, SVBL, KGJI, SEED, AMRN and 11% cash.
From my other account:
After watching price collapsed below $0.06 in mid-day, I began to look for price to settle to buy the bounce. When I finally saw the 5 min. bullish engulfment candlestick pattern being developed, I began to buy back shares. By the time I was done, I bought back about 70% of my original size.
You can see a lot of support at today low by looking at the chart. This was why I’d no qualm buying the bounce today.
My 2 cents.
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