Despite the amazing pop in the previous day, I think DRYS has room for more upside movement. If we manage to break the three Daily Candle pop pattern, DRYS could go supernova. I scalped and only will (scalp) this stock in the following days. Only if we manage to break the pattern will I dare to hold overnight. Apart from positive news (DBI from 800 to 1000) and debt restructuring, we also see very nice volume spike, which is a recipe for a supernova penny.
Comment:
100% up on the day. I will sell before pit close buy a gain tomorrow.