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RizeSenpai
Feb 26, 2024 9:13 PM

DRQ: Falling Wedge with Bullish Divergence at a 0.886 Retrace Long

Dril-Quip, Inc.NYSE

Description

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.
Comments
Chartguru1
Agreed reached 2009 lows. Nice earnings today as well! Don’t forget FROG . Kudos
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