I simply like this pattern and it seems to be a low risk entry area. You can see my entry and stop on the chart. As you can see below they had a nice earnings and revenue beat. Ideas, not investing / trading advice.
From earningswhispers.com:
Denbury (DEN) reported 3rd Quarter September 2021 earnings of $0.74 per share on revenue of $343.7 million. The consensus earnings estimate was $0.59 per share on revenue of $265.8 million.
From earningswhispers.com:
Denbury (DEN) reported 3rd Quarter September 2021 earnings of $0.74 per share on revenue of $343.7 million. The consensus earnings estimate was $0.59 per share on revenue of $265.8 million.
Trade closed: stop reached:
11/21 closed below resistance / support area so closed trade. Back on watch list
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.