Posted On: 03/16/2014 6:57:20 PM
Post# of 2561
DRYS Daily Chart ~ Breaking Below the Rising Support Line
Link back to Mar 9 regarding yet another discussion of when a stock runs too far outside the upper bollie. I wasn't in the last swing trade that a few friends executed correctly. The break below the rising support line, along with falling below all the MAs, except the 200, suggests a test of the previous lows to as low as 3.15 could now easily happen. Just below those lows is the MA200. Again, pay attention to the channel lines, previous highs and lows, MAs and the FullSto and MACDs. This was an easy call when DRYS ran outside the upper bollie, corrected, and then broke below the rising support line. If you pay attention to the charts, your returns will increase substantially. DRYS is a very easy big board stock for those wished to swing trade for consistent returns without the huge risk of penny stocks. GLTA
Link back to Mar 9 regarding yet another discussion of when a stock runs too far outside the upper bollie. I wasn't in the last swing trade that a few friends executed correctly. The break below the rising support line, along with falling below all the MAs, except the 200, suggests a test of the previous lows to as low as 3.15 could now easily happen. Just below those lows is the MA200. Again, pay attention to the channel lines, previous highs and lows, MAs and the FullSto and MACDs. This was an easy call when DRYS ran outside the upper bollie, corrected, and then broke below the rising support line. If you pay attention to the charts, your returns will increase substantially. DRYS is a very easy big board stock for those wished to swing trade for consistent returns without the huge risk of penny stocks. GLTA
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