cblewis_78

Mr. SWN Update 2... SMH another 1.3%... Still money on the table

NYSE:SWN   Southwestern Energy Company
Greetings Earthling...

Cavet... Full potential is near $5.10 on the weekly chart with target time frame Friday or early next week. 5/18 Call Options will be interesting

Nevertheless...

Extension 2 is underway w/ caveat: *** The day closed in the middle of Extension 2. This may cause 1 of 3 things to happen: (1) price drops at open to the 9 EMA a bounce North or (2) the price gaps up at open Wed to 4.58-4.60 slight retrace second half of day or (3) a straight rally to $4.60+ bypassing the 3rd extension. By my Calculations, prices should hit near $4.70 by Friday with Max potentional at $5.10 by Friday close or early next week (Mon-Tues).

Confidence Pick: A-
Stop Loss: $4.40
RisK-Reward Ratio: 2:5 for new money or 2.5 in our favor


Happy Trading ...

#FlintstonesGazoo #TheGreatGazoo
Gazoo: "But wait, surely there must be others more qualified than I".
Andre Benjamin: “Even the sun goes down, heroes eventually die/Horoscopes often lie, and sometimes ‘y’/Nothin’ is for sho', nothin’ is for certain, nothin’ lasts forever, but until they pull the curtain”...
It will be you and I...!!!

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.