DryShips (DRYS) found support around $3.20 and has been moving higher for the past few days. There are sellers coming in at $3.70 at the moment which is preventing a gap fill from the sharp drop on January 24th. I am waiting to see if it is able to hold above $4.0 to add to my position with an initial target of $6.0.
DRYS Daily Chart
About Stock Trade Journal
The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders.
This blog is also a way to share my experiences and observations in the market.
