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 bearish trend was from 2.36 $ (1/20/2012) to 2.16 $ (2/2/2012) a 0.20 $ move 2- The current bullish trend started from 2.16 $ at 2/2/2012 and is currently trading at 2.41 $.
3- DRYS current support level is at 2.36 which is the 100.00 % fibonacci retracement of the last 0.20 $ move.
4- DRYS current resistance level is at 2.41 which is the 127.20 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
Dryships Inc. (DRYS) Short term stock chart patterns for internet stock trading :

None.
Dryships Inc. (DRYS) Mid term stock chart patterns for internet stock trading :

6- The Stock was supported by a support line, identified by two points: 2.160 and 2.080, and is currently supporting at 2.165.
Dryships Inc. (DRYS) Long term stock chart patterns for internet stock trading :

7- The Stock was resisted by a resistance line, identified by two points: 2.540 and 2.990 that was broken up at 2.150 transforming into a supporting line.

Stock Trading Conclusion:
Dryships Inc. (DRYS) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 2.41, 2.48.
Stock Support levels : 2.36, 2.35, 2.31, 2.29, 2.28, 2.26, 2.26, 2.24, 2.21, 2.16, 2.16,.