I expect the stock to have a downward corrective wave after completing five upward waves The stock can go up to $50 The analysis fails if the price exceeds 177.08$ Just technical analysis It is not considered a recommendation to buy or sell
Earnings watch 11/7: FANG TRIP KOS LYFT BRK.B BNTX ATVI PLTR SEDG CLOV Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of...
Price has hit the .886 of XA or the first leg down of this W. No recommendation/Watching/candle of indecision so far today.
Possible top forming. Oil is volatile so there is no telling and this oil stock is even more volatile than the rest f the crew! W formation which could be a Bearish Gartley. A Gartley pulls tp the .618 on the retracement leg (2nd leg). The 4th leg terminates at the .786 of XA. No recommendation/I will revisit this one.
Will the negative trend continue? Negative market sentiment. I took it short. Target price: $35
In between 100 to current price of 109, I would be looking to buy in tranches.
The PEAD projected a Bullish outlook for $FANG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 55.56%.
It broke the trendline. FANG will be coming down under $100. Late Oct / Early Nov should be a good bottom to buy.
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For me, it just does not look like it is time to pull back fish in oil waters just yet. Not to hold for the long term in my IRA etc. I drew one rising wedge that is in this chart. There are several others under price. There is one rising wedge in this chart that with a bottom trendline below $70. FANG broke up and out of a bearish Rising Wedge as did many...
The PEAD projected a Bullish outlook for $FANG after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
Long term idea . It will move up in 2 May Waiting tell price arrive to %62
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Given bearish divergance on the weekly chart (after a quick rise upwards)... After some consolidation at current price level, I believe a price reversal will occur. Not trading advice. And this is only based on technical analysis.
Earnings in January. Possible stop below handle low/HL. Price was over long entry level and pulled back below in a few weeks. Some call this a throwback verses a pull back. Throwbacks can hurt performance. 3 year and most recent high is 117.71/Long term high is 140.78. Sector is known to be volatile. I am keeping an eye on the top and this Does need to...
classic bullish flag undergoing a pennant pattern consolidation setting up for rally.
Fang is holding at upper channel . Multiple top pattern. Pull back in oil prices will impact this stock .It may come back to break out poing 102.53
Here is my take on FANG using 5 key elements for analysing charts. Strong stock in the current market environment, showing strong relative strength (RS) and breaking out of a cup base (36% depth, 14 weeks)