Today we will analyze the stock Dryships Inc. (DRYS) for internet stock trading in the NASDAQ stock market,
Stock Technical indicators to notice in Dryships Inc. (DRYS)
1- Last bullish trend was from 5.38 $ (3/2/2010) to 6.18 $ (3/11/2010) a 0.80 $ move 2- The current bearish trend started from 6.18 $ at 3/11/2010 and is currently trading at 5.92 $.
3- DRYS current support level is at 5.87 which is the 38.20 % fibonacci retracement of the last 0.80 $ move.
4- DRYS current resistance level is at 5.99 which is the 23.60 % fibonacci retracement of the last 0.80 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Dryships Inc. (DRYS) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 5.380 .
Dryships Inc. (DRYS) Mid term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 6.770 and 7.140, and is currently resisting at 6.291.
Dryships Inc. (DRYS) Long term stock chart patterns for internet stock trading :

8- The Stock was resisted by a resistance line, identified by two points: 6.770 and 7.140, and is currently resisting at 6.291.

Stock Trading Conclusion:
Dryships Inc. (DRYS) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 5.98, 5.99, 6.02, 6.05, 6.08, 6.18, 6.29,.
Stock Support levels : 5.87, 5.78, 5.69, 5.38, 5.34, 5.16,.

Hot Stocks in nasdaq market

  • Today
  • Week
  • Month