I have analyzed DVN at its very best and I am expecting a big green candle very very soon. Understand and then trade. Do not rush into trades. Always have your STOPS ON.
Great analysis! I do think the buy trade is still struggling because there’s a monthly bearish Trendline and market is currently trading inside it. Also there’s a weekly double bottom forming. If this double bottom holds and we see a break of its neckline around $56, we should see a long-term target to $77.80 with a slight resistance at $67.96. On the other hand, if things flips and price broke below the potential double bottom at $44.66, we should see a massive drop to $31 with a temporary support at $39.09. This is my personal opinion about DEVON. Great analysis from you. Cheers
THECHAARTIST
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@phowops $60 can come in 1-2 months.Now breakout has a set of rules. A breakout is a breakout when we can actually detect it before the Green Candle.After breakout is the retesting.Price action is clearly suggesting 90% chances breakout is coming.So $53 is on the table for options.But observe. I am expecting some sort of news. Thanks a lot for the appreciation, means a lot🙏. I will be uploading more analysis for SPY AAPL & more soon.
TwoTradesaDay
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thanks for the hard work, i missed this one but will buy some if it goes to $49 .
THECHAARTIST
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@TwoTradesaDay no worries .More trades will be uploaded. Do subscribe to my channel as well
Luck264
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I think energy stocks will pump very soon. Oil looks bullish. What do you say ?