DVN (Devon Energy) before the 80% increase. The fair value of the share is 17.43usd. It is currently in the accumulation range. According to my analysis, you can reach the top of the second rising wave of the double wave extremely quickly. One reason for this is the "technical gap" caused by option trading. This gap causes a technical exchange rate jump not only on the short side but also on the hedging side. Which in short means it can also appear on an ascending side. In short, I assume that we will have a day (in the near future) when the stock rises by 30% in a day in a rising share price.
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"I assume that we will have a day (in the near future) when the stock rises by 30%"
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we will have a day (in the near future) when the stock rises by 30%"
I have been in this trade since your analysis, thank you.
Do you expect a pull back once it reaches it's fair value of 17USD?
tonyyunz
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hello sir, do you think it will go up to $17?
meszaros
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@tonyyunz, Yes. Currently, the DVN stock is well below its fair value (17.43usd). In my experience, Fair Value is often the target price when investors trade. I still see the analysis following precisely. The rise is on its way to the target price.
Do you expect a pull back once it reaches it's fair value of 17USD?