Long
DRQ: Falling Wedge with Bullish Divergence at a 0.886 Retrace
DRQ shows notable Bullish Divergences on both the Monthly and Quarterly Timeframes at a 0.886 Fibonacci Retrace and is currently trading within a Falling Wedge.
If the Bullish Divergence and Falling Wedge play out, I would expect to see DRQ make its way up to around $60 as a first target and around $94 as a full profit target.
If the Bullish Divergence and Falling Wedge play out, I would expect to see DRQ make its way up to around $60 as a first target and around $94 as a full profit target.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.