SGY: Stone Energy Corp

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Simple technical only analysis of SGY: Stone Energy Corp             . (Educational purposes only)

Looking for a rejection signal bar at supply zone marked as rectangle and market structural trend change on lower time-frame.

Area of interest above $48.00
Stop-loss $50.15
Target $38.00 High area of significant support zone

Risk / Reward = 1 : 4.65

ATR of stock Currently $1.30 approx
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