Posted On: 01/11/2014 10:42:12 PM
Post# of 2561
DRYS Daily Chart ~ More Support Fails to Halt the Decline
After spending a few days trying to hold the 4.00 horizontal support of the previous high, DRYS broke below is on Thursday along with violating the MA20. Our expects of a few days ago in the 4.20-4.40s are looking like it was a good decision. Next area I'm looking at now is the MA50 and 100 at 3.51 to 3.29. The FullSto and MACDs are diving, so it's best to sit on the sidelines waiting for the next entry after the charts have reset. Those holding the puts are looking good, and congrats! GLTA
After spending a few days trying to hold the 4.00 horizontal support of the previous high, DRYS broke below is on Thursday along with violating the MA20. Our expects of a few days ago in the 4.20-4.40s are looking like it was a good decision. Next area I'm looking at now is the MA50 and 100 at 3.51 to 3.29. The FullSto and MACDs are diving, so it's best to sit on the sidelines waiting for the next entry after the charts have reset. Those holding the puts are looking good, and congrats! GLTA
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