DRYS has just broken all 3 Moving Averages resistance lines in the month of Nov. Current chart pattern looks bullish with 20D MA rising very fast to crossover 200D MA soon. As long as DRYS stays above the 200D MA support of about $4.90, DRYS will probably start a nice bull run from now onwards. Note that DRYS has a tendancy to go on Parabolic Curve bull run base on the past chart pattern. Sit tight and hope everyone can enjoy this nice ride! Check out the historical high of DRYS and your eyes will pop out!
- Post author:Marubozu
- Post published:November 23, 2010
- Post category:DryShips (DRYS)
- Post comments:0 Comments
Tags: Parabolic Curve