Haven't updated this in a while - i've been holding long calls throughout this strong movement. Will look for the next breakout of orange tapered but expecting some resistance there ($51 level) where we can see price falling out of purple and finding blue continuation support. Will update as we get there Happy Trading :)
Someone asked me for my thoughts on DVN and I thought it would be a good opportunity to do a live analysis of how I get my charts to look the way they do (messy). The further you go down in timeframe, the more algorithms you start to see and create. But here is an initial Daily bias to go on - and look to see some of these long-term selling channels broken in...
DVN is moving from a brilliant level. Mark this date today i.e 11th June,2023,Sunday.Its just the matter of time. You can play with stock easily but do not trade options if you don't know how options work. I will be holding DVN till $60.
I have analyzed DVN at its very best and I am expecting a big green candle very very soon. Understand and then trade. Do not rush into trades. Always have your STOPS ON.
Here we go over what stocks we are watching for next week as well as a recap of last weeks video AMEX:SPY NASDAQ:QQQ NASDAQ:TSLA NASDAQ:ATVI NASDAQ:ULTA NASDAQ:SBUX NYSE:DVN