Thursday, February 17, 2011

DRYS Update

DRYS looks worthy of consideration here.

 a H&S top with a test of resistance that failed and it's starting to roll out of the bear flag.

 15 min 3C shows distribution at higher prices near resistance.

In the red zone is a Trend Channel Stop that gives you a good risk:reward:probability ratio on the trade (short). Just keep it in mind, I like it even here.

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