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Last consolidation took the form of a compact Cup & Handle and took place close...
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$.
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SM Energy continues to look very bullish with a longer-term cup & handle-like pattern and recent ascending wedge that should move to the upside.
Target around 60$
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$, to confirm this bullish momentum to hold.
SM Energy following the overall trend in energy stocks.
The daily graph shows a confirmed ascending triangle with price target of 52.29$ (Left graph).
The weekly chart shows a confirmed cup'n handle with price target of 52.42$, similar to daily chart (Top right).
The sector graph (Energy) is building into an ascending triangle (not confirmed). It still has to...
Energy stock on the move.
Ascending triangle on the weekly chart, not confirmed yet.
Must break 26$ with volume to confirm.
If confirmed:
Price target = 52.30$
Stay Humble, Have Fun, Make money!
Another energy stock with a nice looking consolidation setup. Watching this one very closely this week for signs of upside momentum resumption.
S M Energy Co (SM)- ENGAGED IN EXPLORATION, PRODUCTION AND ACQUISITION OF OIL AND NATURAL GAS IN ONSHORE NORTH AMERICA,
SM's PSAR Dot about to switch below, signs of sellers exhaustion. SM above all moving average with huge volume on march 19, 2021 with a reversal candle stick pattern creating a double bottom pattern also, as well as overall energy sector are bullish. price target above $22 to around $25 if were optimistic.
NYSE
