Two trades to watch

Here are to stocks that I am pretty high on right now from a trading foresight point of view.

DRQ: This stock has been on my radar since mid january when signs of a trend first started to show. This stock made a higher high yesterday, and then today began to come back down. I am looking for this stock to hit the trend line in the 23-24 area (highlighted in blue). If this happens I will be looking to enter with the trade with the expectation of a new higher high. Support just so happens to be around 23.70. Resistance is at 29. Thats a nice 5 point move that ill be anticipating to be a part of.

Rio is another stock that just hit resistance yesterday and is looking to come down to support. I have emphasized what I am seeing with big bold Red lines on the chart. Resistance is sitting around 15. Support is rising. I am anticipating a bounce off the trendline support, setting up a nice ascending triangle pattern. I will take a premature position at support (I anticipate to be right around 12.75) and will keep my stop tight incase it falls through. The upside potential based on this pattern is 19. I am expecting this pattern to hit bottom and begin reversing end of next week to early the following week.

Other chart less stocks i like:

Longs: ABX (trendline bounce today), ARO (buying on pullback to trendline), CAH (trending), EGOV (ascending triangle), OCR (trending)

Short: ADBE (trendline bounce today), CELG (ready to bounce down), CRS (head and shoulders)
PNRA (resistance bounce)