Hello again traders
I bring you one of today's stock pick. Go long Quest diagnostics Incorporated (DGX) at market open. My strategy is to buy the dip and is been working guys. Price that is bouncing of support line also provides a good short term buy.
Stop Loss: 119.50
Target: 132.3
DGX is approaching our first resistance at 86.76 (horizontal overlap resistance, 23.6% Fiboancci retracement, 100% Fibonacci extension, elliot wave structure) where a strong drop might occur below this level pushing price down to our major support at 83.28 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance...
