While I don't often look into the stocks market, this company is providing some good opportunity to the upside.
This idea is presenting simply based on the technical perspective, so make sure you look into the fundamental aspects of the company if you are considering a longer term investment.
Since September last year, price has rallied towards the recent high at 99.96 in 3 waves, with the 3rd wave being a strong impulse move.
And from then, price has been in a consolidation phase ranging between the high to the recent low at 90.19.
We are currently seeing price developing into a 3-wave corrective structure - WXY, potentially completing between 87.85 to 89.62 area.
As long as price remains above 85.38, I'll be maintaining a bullish view on DRI with a potential target at 104.23.
Disclaimer - this is not a trade call or an investment idea. Make sure you have a proper trading and risk management plan before taking any trades in the market.
This idea is presenting simply based on the technical perspective, so make sure you look into the fundamental aspects of the company if you are considering a longer term investment.
Since September last year, price has rallied towards the recent high at 99.96 in 3 waves, with the 3rd wave being a strong impulse move.
And from then, price has been in a consolidation phase ranging between the high to the recent low at 90.19.
We are currently seeing price developing into a 3-wave corrective structure - WXY, potentially completing between 87.85 to 89.62 area.
As long as price remains above 85.38, I'll be maintaining a bullish view on DRI with a potential target at 104.23.
Disclaimer - this is not a trade call or an investment idea. Make sure you have a proper trading and risk management plan before taking any trades in the market.