Digimarc Continues Growth While Reducing Operating LossesDigimarc Continues Growth While Reducing Operating Losses.
Market insights
Digimarc- completed 786 Fib retracementDigimarc just completed a nice Fib retracement. Not sure if the bottom is in or if the shorts or market pressure will continue to force lower but it is running into major support and volume going back almost a year!
DMRC trendsDMRC has a history of trending and staying in that trend every two months. April - June, June - August, August - October, October - December DMRC stayed in it's trend channel. Yesterday DMRC broke out of it's recent 2 month trend channel on the upside, briefly hitting $51.20 surpassing it's 7/25/19 high. I'm keeping an eye on DMRC price action today / this week, for a potential entry on the put or call side. I expect a pullback soon, yet it can easily be followed by a reversal back up, so for now I'll keep it on my radar & watch. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com
www.tradingview.com
