Nice setup for an upside move that could produce the mythical "100%er" in DRYShits

in dryshits •  7 years ago 

I like the current setup for a move up in Dry Ships Inc (DRYS) stock. New short term buy signal at the close so I will log in teh current after hours trading price of 1.79 asked as a buy price. It "should" at least trade through 2.29 with a higher target showing at 3.30+ as a "potential" but even a move to 2.29+ isn't too shabby.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=drys&x=50&y=21&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

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Update: DRYShits breached my 1.94 support area and is now trading at 1.86. Still nothing on the chart that says to sell. Those are "live" charts previously posted. Follow along if you'd like...if not...who cares? :-)

Another update: DRYS just traded back up through 2.00 to 2.04 and if it doesn't make another push higher here it means there is more basing due. The 1.94 area will be the "focus" area. This is a short term sell signal if DRYS can't muster a new move through at least 2.10 however.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=drys&x=48&y=17&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15

Sell signal on the chart. I'd still hold if I entered at 1.80 or less.