DRYS Daily Chart ~ Just As Hoped For! Very stron
Post# of 2559
Posted On: 12/25/2013 11:28:48 PM
DRYS Daily Chart ~ Just As Hoped For!
Very strong volume on a shorten trading day on Tuesday. Link back to previous charts on DRYS. As hoped for with my last update, DRYS took out the previous high and horizontal resistance on big volume, considering Tuesday was just a half day session. This bodes very well for a continued move higher. Our entries in the 2.70-2.90s and additional buys in the 3.30-3.40s when the stock broke above the MA50, are up sharply with a lot more potentially coming as the global economy continues to gradually improve. Although outside the upper bollie, the rest of the indicators are suggesting we could see more in the extreme short term. I'll post the DRYS Weekly Chart next for the big view. GLTA
Very strong volume on a shorten trading day on Tuesday. Link back to previous charts on DRYS. As hoped for with my last update, DRYS took out the previous high and horizontal resistance on big volume, considering Tuesday was just a half day session. This bodes very well for a continued move higher. Our entries in the 2.70-2.90s and additional buys in the 3.30-3.40s when the stock broke above the MA50, are up sharply with a lot more potentially coming as the global economy continues to gradually improve. Although outside the upper bollie, the rest of the indicators are suggesting we could see more in the extreme short term. I'll post the DRYS Weekly Chart next for the big view. GLTA
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