DT - approaching entry into upper channel

DT is testing resistance along the upper trend range. We have some ranges to settle before testing the overhead supply in the trendline above.

A break of the current buy zone range will likely find resistance at the mid-range supply created around $52. A confirmation of a check back to the buy zone indicated on the chart would give a nice entry for a move to test $54.25 by this month expiration.

A rejection of the red trendline resistance located above the 50MA will likely require a test of support at the mid-range support line (dashed-gray line) located below the 50MA, before continuation to the upside has proven strength.

If this move is rejected, the next likely range of support is below $45, ranging as far as $43.75.