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(DRQ) Investment Analysis and Advice
Warning:
The trading plans were valid at the time this was published, but the support and resistance levels for DRQ change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports
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Instructions:
Use the basic rules of Technical Analysis. Here are some examples: if DRQ is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.
Swing Trades, Day Trades, and Longer term Trading Plans:
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for DRQ too. All of these are offered here: Access our Real Time Trading Plans
Longer Term Trading Plans for DRQ
- Buy DRQ slightly over 19 target 21.89 stop loss @ 18.95
- Short DRQ slightly under 21.89, target 19, stop loss @ 21.95
Swing Trading Plans for DRQ
- Buy DRQ slightly over 20.31, target 21.49, Stop Loss @ 20.25
- Short DRQ slightly near 20.31, target 19, Stop Loss @ 20.37.
Day Trading Plans for DRQ
- Buy DRQ slightly over 19.72, target 20.31, Stop Loss @ 19.67
- Short DRQ slightly near 19.72, target 19, Stop Loss @ 19.77.
DRQ Technical Summary | Raw Data for the Trading Plans
Term → | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Weak | Weak |
P1 | 0 | 0 | 19 |
P2 | 19.72 | 20.31 | 21.89 |
P3 | 20.27 | 21.49 | 24.83 |
COMTEX_451046852/2570/2024-04-18T15:28:47