JonathanWard
Long

SGY Bull Pennant

NYSE:SGY   STONE ENERGY CORP
36 0 2
SGY             has developed into a in bull pennant , very similar to USOIL             .

Touched support three times (~$9.65) and touched resistance at least twice.

Up into a bull pennant and up out of a bull pennant . Pattern should hold with consolidation over the next two to three weeks (August 29 - September 9, 2016).

Expecting a upwards breakout in general possibly the week of September 12. Will need to watch price and volume to see where it is actually headed.

Considering long position ~$9.65/$9.75.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out