We should have a stop loss in place at 25.47 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of DRQ if it tests 25.41 with a downside target of 24.98. Short DRQ slightly near 25.41, target 24.98, Stop Loss 25.47.Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 25.41, initial resistance, would be breaking higher, so a buy signal would exist. 25.41 is the first level of resistance above 25.13, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 25.35 in case the stock turns against the trade. If 25.41 begins to break higher, the technical summary data tells us to buy DRQ just slightly over 25.41, with an upside target of 25.87. Buy DRQ slightly over 25.41, target 25.87, Stop Loss 25.35 Details.Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan. In this case, if resistance, 25.41, is being tested a short signal would exist. By rule, any test of resistance is a short signal. We should have a stop loss in place at 25.48 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of DRQ if it tests 25.41 with a downside target of 23.44. Short DRQ slightly near 25.41, target 23.44, Stop Loss 25.48.The data also tells us to set a stop loss 25.34 in case the stock turns against the trade. If 25.41 begins to break higher, the technical summary data tells us to buy DRQ just slightly over 25.41, with an upside target of 26.85. Buy DRQ slightly over 25.41, target 26.85, Stop Loss 25.34 Details.In this case, if resistance 27.32 is being tested, so a short signal would exist. 27.32 is the first level of resistance above 25.13, and by rule, any test of resistance is a short signal. We should have a stop loss in place at 27.4though. The technical summary data is suggesting a short of DRQ as it gets near 27.32 with a downside target of 23.44. Short DRQ slightly under 27.32, target 23.44, stop loss 27.4 Details.In this case, support 23.44 would be being tested, so a buy signal would exist. 23.44 is the first level of support below 25.13, and by rule, any test of support is a buy signal. This data also tells us to set a stop loss 23.37 to protect against excessive loss in case the stock begins to move against the trade. The technical summary data tells us to buy DRQ near 23.44 with an upside target of 27.32. Buy DRQ slightly over 23.44 target 27.32 stop loss 23.37 Details.
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