Technician
Short

Denbury Looking Long Term Bearish

BATS:DNR   DENBURY RES INC
172 0 0
Bearish action started by a multiple break below the ascending trend line and 52-week Average, which was the first sell signal. The price then extended the downside to break the neckline for a triple top, we are currently in the retesting process, which may be a good re-entry area. The full target of the pattern meets with the main long term rising trend line around 13.70-13.50.
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