I noticed the bull Strong Bull However take a look at the wave 3.14> Bear potential.
It was now a leading diagonal Wave 1 but a triangle for a double three Wave (2) Probable/Possible target price for Wave (3) is $7.55
Possible leading diagonal for Wave 1 of (3) IF so, correction due for Wave 2
The stock shows an uptrend pattern. It formed a flag ( continuous pattern) from Jun to Dec 20, and it supported with uptrend channel from Oct 20 to present. Target price level is around 5.5 and the time expected to reach this level between March and July 2021.
Time to break that weekly bull flag???!! Maybe the Biden win is going to be stimulus enough for energy stocks to soar going into the new year. 3.23 is a massive supply zone, if the stock can finally push through we’ll see 3.43, 3.9, and above there I bet we see 4.69. Don’t get greedy, if you notice the stock was able to trap a lot of bulls back in June (why I play...
Ideally looking for a return to $2 as a really good price to jump in $5 price target
Bullish Trade setup on Southwestern Energy The weekly GoNoGo Trend is a “Go”. See the lower chart. The daily GoNoGo Trend is a “Go” and we see that the most recent bar has caused a low risk entry signal (green circle). This comes as the GoNoGo Oscillator has tested the zero line from above, finding support. We would look for an initial target at July highs.
Southwestern Energy Seems to have bottomed and finding support on 200day MA and previous resistance trend line Natural gas.
Southwestern Energy has fallen out of its “Go” trend on a daily chart. The GoNoGo Trend indicator is painting amber bars as it falls below an upward sloping trend line. At the same time, the GoNoGo Oscillator shows momentum breaking below zero with heavy volume (dark blue for the oscillator line), confirming the change in trend in price. If this continues we...
Southwestern Energy Co. is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P); and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing...
Keep watch to see if a double bottom will happen or if we will continue up the channel now. This is a prime entry point to 4$ range - calls will pay if you buy with time.
After back-test of breakout, buy in and ride the wave up.
Breakout of Multi-year downtrend confirmed LONG & STRONG
SWN has been coiling in a wedge for a couple of years. Recently it has broken out and has backtested the wedge. An incredible opportunity to buy and make a massive return on investment.
This is hopefully a cautious review of the last 50 years of Southwestern Energy. Southwest Energy is a natural gas exploration team headquartered in Texas HOWEVER, most of their work is in the East Coast of the United States and perhaps they also have some locations of gas/oil properties in the near future located in Canada? SWN reports only having about 900...