DRE
DRE - Short SetupShort setup at 62.40, Stop 63.57, Target 1 57.23 (RR 4.17) , Target 2 54.06 (RR 6.8) No insiders
DRE triple top plus double topHave not seen a trade I liked in too many weeks but this morning NYSE:DRE setup a 30m timeframe triple top at 43.07. This also matches closely with the stock's ATH back in November. It is worth a swing trade short shares setup. Unfortunately options liquidity is scarce.
DRE Approaching Support, Potential Bounce!DRE is approaching our first support at 23.45 (horizontal swing low support, 100% fibonacci extension, 50%, 23.6% fibonacci retracement) where a strong bounce might occur pushing price up to our major resistance at 23.76 (100% fibonacci extension, 38.2% fibonacci retracmeent).
Stochastic (21,5,3) is also approaching support where we might see a corresponding bounce in price.
