timwest
Long

Devon Energy DVN - UPDATE ON BASE FORMATION

BATS:DVN   DEVON ENERGY CORP NEW
270 4 2
This is an update with a trade that is on and ongoing.

What to do here now that the trade is moving along the projected path?

What's your vote?

I'll raise my stop to breakeven.

Tim

10:20AM Wednesday Feb 19, 2014
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
66.73 last +0.95 on March 31, 2014

I think this is an excellent place to let go (exit longs = sell) of DVN now that analysts are pushing the stock up with new recommendations. Long term, this is a nice breakout move, but short term it is now a bit overbought and it is the end of the quarter.

If we could make 3.40 a month, we could really rack up some annual gains trading DVN.

I'm going shopping for some replacement long positions in the oil sector - so I'll be busy.

Tim 2:21PM
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I am re-entering here. 9:40 AM EST 63.33 last on 3/13/2014
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my analysis on the same chart https://www.tradingview.com/e/zIYoj6Pr/
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timwest PRO ola.carlsson.140
Nice chart analysis. Well done. Very solid analysis.
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