DRE has been in the news as a strong performer in the recent months, and has outperformed the S&P on a larger time frame. Zooming in, we can see a small HNS on the 15min, that should bring us to test the red longer time frame trendline.
This is a great spot for a long again around 24.55 to see if we continue to the upside, however, if this breaks, shorting down to the 24.32 retest of support should work nicely
This is a great spot for a long again around 24.55 to see if we continue to the upside, however, if this breaks, shorting down to the 24.32 retest of support should work nicely
Trade closed: target reached:
DRE has easily bounced on the trendline and reached new high, beginning to take profits, a low beta stock, still an easy play
