Traditionally #WallStreet has used #fundamentalanalysis to make #investmentdecisions in #stocks like Dominion Resources (NYSE: D) but sometimes the most revealing aspect of the fundamental health of a company can be found through an observation of its price action. Price action was used to produce the raw data below for D and it can be used as an example of how to use price action to define fundamental opportunity. This data was current at the time of publication, but it is not updated in real time here. 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 | Neutral | Neutral |
P1 | 0 | 0 | 69.80 |
P2 | 76.12 | 76.56 | 73.87 |
P3 | 77.33 | 78.19 | 78.12 |
Longer Term Trading Plans for D
May 21, 2021, 6:00 am ET
Our Longer Term Plans for D 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 D Report.
D - (Long) Support Plan
Buy over 73.87 target 78.12 stop loss @ 73.66
D - (Short) Resistance Plan
Short under 78.12, target 73.87, stop loss @ 78.35