Looking looking at the TREND PRICE VS RSI it appears to be a diverging trend and it is a bull trap. Short. DYDD.
Another flag/wedge. Maybe it needs couple days to go. Another thing - earnings report is soon, so for now I'll keep in on my watchlist and see what happens.
Price contracted very nicely those last few days. Stop is at today's low. Target is open.
Bought half size this afternoon as SN cleared a recent consolidation pivot after gapping up this morning. In a better environment, I'd have bought in full size today, but I'll look to hold and buy more if / when the stock reaches its debut-day high of $52.90 and the environment improves. Reasons for entry are simple... stock gapped up on earnings, pulled in and...
With Energy and Oil starting to move higher. SN looks like a buy to me. Getting in at $0.43. All significant MA's are looking positive.
This stock definitely has been on a consistent down trend, and on the 5 year chart has been trending relatively sideways as of late, however - we recently hit a 52 week low of around 2.70, and are now seeing a rebound off of that. based on a decent amount of time watching this stock and giving it my best effort to understand SN - my hypothesis is that we will see...
I think that Sanchez Energy, although a shitty ride, is still progressing in the upward channel since its bottom and reversal back in November. Chart shows support around $5.10-5.20s and resistance around 5.70s. With a high short float in play (probably rightfully so), should see the price increase as the weekend closes before the cycle starts all over again on...
Today, the stock finally broke out of the range with a strong close at 5.60 USD. I've drawn my trendline on the weekly, I expect the trend to continue slowly. Let's hope it holds. On the 26 October we had a nice new line, which I believe to be the final one and a nice Wyckoff spring. Anyways, I will trade this long term without a stop-loss as I believe the...
SN is leaving a little basing area. The energy has built up and a rally could be forthcoming. This is in line with the recent breakout by Oil. Risk remains that Oil is overbought, and this could do a backtest of today's breakout. Either way, taking a small position here.
~ Searching for buyer s down below ~ When it hits the uptrend line of efficiency we should see a temporary reversal
Industry: Independent Oil & Gas EPS due date: 2/22 Horizontal S&R: yes, weekly Channel S&R: yes, weekly MA S&R: 50ma >200ma: yes Volume confirmation: no Candle Confirmation: no Stoch Divergence: no Reg Trendline >85: yes Short Float: 22% Risk / Reward: 1:2 Any feedback is welcomed.
Intended to day trade. Took half off and moved stop to entry at 13.53 for swing
What i dont like is the hammer on the las candle but without volume is workless long >9.27 stop 4.39 target (quick parcial 9.75) - 10 - 10.5