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Davy_Dave_Charts

DVN Poised for a Break Out (30 Minute Chart)

Long
Devon Energy Corporation (NYSE:DVN)  
Davy_Dave_Charts  
NYSE:DVN   Devon Energy Corporation
Chart Patterns Fundamental Analysis Trend Analysis
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chartpattern fundamental trendanalysis
Price keeps being drawn to 78 like a magnet. Riding 9 EMA support, this looks like its ready to break out. High inflationary / High interest rate environments, great for energy. OPEC unable to meet its previous production quotas, much less the recently raised benchmark. Geopolitical conflict in Eastern Europe... Energy is the sector now.
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