I would see that the price has a greater chance to trade upwards in this current channel. Potential scenarios drawn with arrows.
🌐 Market Overview: Industry Context: NYSE:SM Energy operates as an independent energy company, with its performance closely tied to oil prices and production. Current Environment: Geopolitical tensions have led to a surge in oil prices, with Brent crude surpassing $89 a barrel, potentially benefiting companies like SM. 💼 Company Strategy: Capital Spending: SM...
SM Energy Company ( NYSE:SM ) Sector: Energy Minerals (Oil & Gas Production) Market Capitalization: 5.455B Current Price: $44.50 Breakout price trigger: $45.50 Buy Zone (Top/Bottom Range): $43.30-$39.70 Price Target: $54.30-$55.60 Estimated Duration to Target: 62-66d Contract of Interest: $SM 1/20/23 50cTrade price as of publish date: $3.70/contract
huge volatility when we broke our current resistant above the 37.49$, now we should hold above to confirm the breakout and test around the 42.55$ first then above the 50$. a bonus in TradingView coins (up to 30$) tiny.one
SM Energy continues to look very bullish with a longer-term cup & handle-like pattern and recent ascending wedge that should move to the upside. Target around 60$
we will continue up till our first profit taking between 38-40.83$ mark , then if we over come this resistant will go and pump till the 54.20, we need to hold above the 31.99$, to confirm this bullish momentum to hold.
SM Energy Company (SM) Sector: Energy Minerals (Oil & Gas Production) Current Price: $27.86 Breakout price trigger: $26.90 (hold above) Buy Zone (Top/Bottom Range): $26.50-$23.00 Price Target: $33.80-$34.60 (1st), $45.80-$46.80 (2nd) Estimated Duration to Target: 51-55d (1st), 224-238d (2nd) Contract of Interest: $SM 11/19/21 30c, $SM 2/18/22 35c Trade price as...
The 3 days decline has just finished and from Tuesday soar again The investors you wanted take their gains have already made it
SM has a long term ascending triangle patter. I think it will break the yellow line. What do you think?