cory4rex2

Thoughts on DNR

NYSE:DNR   None
DNR is a tough move for now. That push down was huge and its not move back up to that area without something dramatic happening. Broke out of that range from 1.03 to 4.20 on the weekly. Ascending triangle setup on the daily. The push down so hard to the floor of the weekly support is a hard pile to swallow so I'd definitely sit on this one. On the daily a nice retest around the 1.90 area might be a good buy back up to the Daily resistance level around 2.28. If it breaks out from 2.28 you could have a short- term buy for sure to the 2.58 area.


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