FANG ... not that one - Biamondback EnergyBull recoil trade set up. Have included potential short trade into it also. Longby GenghisUpdated 4
Buy Fang BreakoutThe stock has built a nice pattern and is breaking out, always best to ensure breakout is real with volume support, often EOD is best time to buy if still in bo mode. Longby Vince224
Shorts in FavorBasic TA But remember the market is "Fluid" ;) P.S i should have posted these on 12/14/15 First Attempted Second was an Early Morning alert about 5:AM 12/16/15 -----> twitter.com Shortby JL1626360
Bearish Diamond Top (High reliable pattern)This bearish diamond top is predicting the recent downside momentum will continue with measured target price at $63 next 8 weeks. If u decide to take short bet against this trade use tight stop loss at and around $75. Real-time alerts www.2waytrading.comShortby Xafada1
ascending base complete, Flag pattern on FANGOn my May 23 post, I explained the build up of FANG's Ascending Base pattern (). Since then, it's completed, breaking out on June 3 and continuing to its target shown in light blue on the graph. FANG now appears to be forming a Flag pattern, which tends to continue the previous trend (up) after breaking out of the flag pattern. FANG has held pretty strong at $87.50 support during this consolidation time frame from June 17 to present, even with some extremely heavy down volume days. This consolidation has allowed RSI and MACD to reset a bit from its overbought conditions. I expect a few more days of consolidation, perhaps until the end of next week. At that point, I expect a breakout to the upside. If a breakout occurs, I'll open a larger long position. FANG is also generally influenced by the NASDAQ. If the NASDAQ falters, it could cause FANG to breakout from the Flag to the downside.Longby BillyStaples115
FANG distributionLooks like a big distribution day in FANG. Price has been following a channel pretty much since it IPO'd in late 2012. It broke the channel to the upside on 6/11, and is currently near the 1.382 channel fib, but was not able to close above it. With vol 3x normal and today's close basically unchanged from yesterday's close, this could be a signal of a reversal. The run up from 71.50 on 5/29 has had several dojis/spinning tops, but they didn't have the volume with them. I'm looking for price to work back down into the channel and possibly all the way back to the 50% point around $76-78 over the next month or so.Shortby fishdude2