I took some time this morning to go over the chart for Devon Energy. It looks like there is a lot of room for potential. 35 Analysts say 86% BUY. Trend continuity is in perptual uptrend. There's a steady diagonal line there. Earnings report coming up in July. There are some good short squeeze positions at the pinnacle of those bounces as well however if you buy...
I took some time this morning to go over the chart for Devon Energy. It looks like there is a lot of room for potential. 35 Analysts say 86% BUY. Trend continuity is in perptual uptrend. There's a steady diagonal line there. Earnings report coming up in July. There are some good short squeeze positions at the pinnacle of those bounces as well however if you buy...
DVN correction motion end. The fractal pairs seen in my analysis have the following properties. The fractal currently under construction is double the original fractal structure. It can be seen that the ATR axis (orange dashed line) of the fractal now under construction is ascending. This means that the rise in the exchange rate will be provided by a growing ATR...
DVN additional 52% increase. A double fractal can be seen from the analysis. This double fractal is composed of a doubled wave sequence. Currently, an ascending wave sequence is under construction. Rising wave sequence target price: 27.72usd
DVN before a 34% increase. Based on the analysis, I assume that after a sudden larger correction (-8%) that came today, we can see an increase again. The fair value of DVN is 24.1 usd. Therefore, we choose this as the primary target price. After reaching the target price, I assume a further increase.
You can see what happened the last two time this stock touched that trend line where i boxed in, the most recent time it took some time for it to bounce back off the trendline again so this time could be the same.
$DVN Long (Bullish Pennant in 15mins) Watch Live
$DVN Long (Bullish Pennant in 15mins)
DVN second rise. It can be seen that DVN can build a second ascending wave sequence. The size of the rise is similar to the size of the first wave sequence. Continuing the analysis, hold the long position. Target price remains unchanged 22.19usd
DVN before another 41% increase. analysis was exactly followed by the movement. Current analysis shows that the chart is closed above the D1 ATR distance (white rectangle) and also shows that the upper level of the D1 ATR functions as a support. I hypothesize that the motion will turn north from the 15.61 usd level and rise to the 22.19 usd level by building a...
DVN (Devon Energy) before the 80% increase. The fair value of the share is 17.43usd. It is currently in the accumulation range. According to my analysis, you can reach the top of the second rising wave of the double wave extremely quickly. One reason for this is the "technical gap" caused by option trading. This gap causes a technical exchange rate jump not only...
Today's trade is a long off support on DVN. Looking to take it back up to the prior range at 10.65.
DVN before rising 31%. A common rule in the world of fractals is that the wave sequence within the fractal develops symmetrically to the extremes of moving averages. We trade this set of rules. In case the analysis is correct, the exchange rate turns north from 22.43usd. From this level you can begin a more significant uptick with a target price of 29.53 usd
The analysis shows that the exchange rate correction (yellow square) is halved. According to fractal rules, the rising (main trend wave) amplitude can be doubled. Based on this set of rules, we can reasonably expect that the rising wave target currently being developed will be priced at 29.23 usd.
The analysis shows that the exchange tests a MA (50) axis symmetrically. This is similar to the symmetrical backtest of the previous fractal. I look forward to completing this correction tomorrow and turning north again. In the event that the price copied the previous fractal sequence (which I see the greatest chance of), it could repeat itself around the MA...