Just an observation and not a recommendation. On weekly the price is approaching to MA200 and strong downtrend resistance. There are many "if" but if it breaks, if global demand of energy increase, if treasurers, if inflation, if whole market, than possible 'long" based on measured move. If not than possible reveres and "short" based on measured move. RSI on daily is overbought, on weekly it's approaching the reversal level like in november 2019, but if it breakout there is some space to go up and retest broken level.
I'm betting 5K it breaks. Sry :/ this stock is ripe for shorting. dwindling volume at upper price levels, negative earnings, a market that's turned pessimistic. Might hit 80, I'm buying my 60-70 puts soon.
higherhigh_
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@FASRNUR, I also think so, but some confirmation of direction is needed, may be bear trap and/or breakdown $71 level.