DRYS Daily Chart ~ Bleeding Continues DRYS, a sh
Post# of 2559
Posted On: 01/13/2014 8:59:57 PM
DRYS Daily Chart ~ Bleeding Continues
DRYS, a shipping transportation company, might have entered the submarine business as its stock is yelling, "Dive, Dive, Dive"! All kidding aside, our exits in the 4.20-4.40 range was the right move at the time. Too bad I was out the one day when the stock gapped up to $5.00 and was completely outide the upper bollie. You know what that typically means..... time to take a few or all off the table. Anyway, I circled the caution signs on the FulSto and MACDs which obviously lead into a sell signal. Now we'll wait to see when the chart sets up again as it did in the end of October. The stock might also attempt to hold onto the rising support line that it has held since the breakout in mid August. Let's see what happens over the next few days. GLTA
DRYS, a shipping transportation company, might have entered the submarine business as its stock is yelling, "Dive, Dive, Dive"! All kidding aside, our exits in the 4.20-4.40 range was the right move at the time. Too bad I was out the one day when the stock gapped up to $5.00 and was completely outide the upper bollie. You know what that typically means..... time to take a few or all off the table. Anyway, I circled the caution signs on the FulSto and MACDs which obviously lead into a sell signal. Now we'll wait to see when the chart sets up again as it did in the end of October. The stock might also attempt to hold onto the rising support line that it has held since the breakout in mid August. Let's see what happens over the next few days. GLTA
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