DRQ - How Stock Traders Daily uses Price Action in Dril-quip DRQ to Define Opportunity and Risk
Both #opportunity and #risks can be drawn from looking at the #priceaction in Dril-quip (NYSE: DRQ). This is a practice commonly referred to as reading the charts. The summary data for DRQ below demonstrates this, and there are trading plans that help investors understand how to utilize the data too. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Strong | |||
| Neutral | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 28.30 | |||
| P2 | |||
| 31.08 | |||
| 31.34 | |||
| 32.82 | |||
| P3 | |||
| 32.23 | |||
| 32.91 | |||
| 37.86 |
Longer Term Trading Plans for DRQ
May 24, 2021, 10:45 am ET
Our Longer Term Plans for DRQ help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this DRQ Report.
DRQ - (Long) Support Plan
Buy over 28.30 target 32.82 stop loss @ 28.22
DRQ - (Short) Resistance Plan
Short under 32.82, target 28.30, stop loss @ 32.91