Description
⋅ 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