For today’s renko chart we selected another name which is not too afraid to expose some volatility. The price can dance as Obama on his inauguration night. We’re talking about Dry Ships (ticker: DRYS). We know that rate for ships came down dramatically as the freight traffic imploded. But containers and/or bulk commodities have to be moved. And not for free.
As one looks to the normal chart nothing seems to be moving. But the renko chart shows us that a negative trend is evolving.
As one looks to the normal chart nothing seems to be moving. But the renko chart shows us that a negative trend is evolving.
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