swn is buckling from the recent ng sell-off ... there are some logical points of support, with trendline and fib retracement lvls
it is necessary to observe the level of 5.5 and 4.9, after reaching these values, it makes sense to enter the corresponding transactions. Bearish class B divergences, which are evident on RSI, MFI, AO, speak in favor of the decline. However, this is not a guarantor of a collapse, but may simply be a signal for the pair to dump, since the price is in the range (13%...
SWN has been slowly returning from the 'left for dead' pile, significantly outperforming the broader XLE index since the covid bottom in early 2020. While I could see some consolidation at the current 5.75 level for a few weeks, this could be poised to run as high as 15 over the course of the next year. The most attractive thing about this stock is the...
Weekly: SMA20/40 support, OBV>OBV SMA40 Daily: Trendline Break, OBV>OBV SMA34, W%R Crossed -80 Entry 4 Stop 3 Target1 6 Target2 9 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use SIM/Demo account to try it.
wave ((iii)) of 3 of (3) begins
Pretty bullish chart overall, RSI working back above 50 with a squeeze in place. We saw a retrace and bounce off the 55 EMA, the 8 EMA crossing the 24 EMA and price rode the average. Two bullish patterns as well, this has the potential to rocket to short-term target of $5 in quite a hurry and may kickstart an influx of HTF investors.
Southwestern Energy is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P); and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing segment...
Falling wedge on a nice trendline, looking for a breakout. ER was nice, gas and oil prices looking good, specially gas not reaching all of it's potential with Us and Eu sanctioning Russia probably resulting in higher prices even without the infaltion factor.
Tomorrow lookes like it might retest at the 3.95 level and bounce back up
Updated the SWN chart. Looks like naturalgas is bottoming out. Also wave 2 we are currently in looks like it has bottomed out on lower time frames. Pricetarget remain the same: Pricetarget shortterm: +/- $6.50 Pricetarget (Q3/4 2021): $12-15
SWN is a naturalgas play. SWN value is based on the naturalgasprice. Naturalgas is at a very low price due to becoming less popular and covid-19. Demand has been declining for some time now. When naturalgas price is low it isn't efficient for companies like SWN to extract gas because it will be less profitable. There is always demand for naturalgas so at some...