This has been one messed up stock to trade the past few months, and I’m not sure if its even safe to trade this name. But, the close today was bullish and I’m basing this trade solely on the chart.
The stock now has all moving averages below price, which provides a bunch of support underneath with zero resistance ahead. I want to see the 200 day hold, and on strength, I may enter with a stop below the 200 day.
It also worth noting the the Baltic Dry index has been steadily moving higher the past few days.
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sexy
My position in this thing for the last 2 months might be finally paying off.
It’s been on and off my watchlist so many times in the past several months…
hope no one got BZH’d
There are four different downtrending sym tri lines (depending upon how one draws them) that could provide some resistance on DRYS.
a break to either side could provide a big move… strangle is on.
Faz decending triangle. Going short FAZ. On the other hand, the mutual fund money is drying up, so use discression with bullish trades and be nimble.
TBSI is a shipper ready to go, it missed out on the rally from the last two days.
PUDA on the move
penny name EEE looks ready
nice chart on USEG
VIT breakout to new all time highs
RC, did you dump BZH?