Zulu_Kilo

DVN - perfect technical setup

Long
NYSE:DVN   Devon Energy Corporation
We have a perfect bullish breakout, with 21 EMA just crossing the 55 EMA, with both the 21 and 9 above the 55 EMA. Just took out the swing high... This is an easy 8% play.

We have an almost perfect alignment of 1.618 retrace from swing low to the swing high we just took out, and a 1:1 swing based retrace aligning right at the $10.70 mark.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.