Not a very good omen for the bulls when a price area where there used to be demand becomes resistance. DRYS is now finding sellers above $3.15, a price where it found support for several weeks last month. A “Head and Shoulders” pattern has now formed with the neck line around $2.65. Not getting involved until this stock shows signs of strength.
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.
