Reasons for bullish bias: - Price bounced from strong support - Entry is at the breakout of the triangle - Targets set till projection Entry Level(Buy Stop): 45.96 Stop Loss Level: 40.21 Take Profit Level 1: 51.71 Take Profit Level 2: 63.19 Take Profit Level 3: Open
Analyzing the options chain and the chart patterns of DVN Devon Energy Corporation prior to the earnings report this week, I would consider purchasing the 47usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $3.25. If these options prove to be profitable prior to the earnings release, I would sell at least half of...
🔹Breakout resistance at 65.90, indicating a potential further rise, and potential support at 65.90 in case of NEGATIVE reactions. 🔹POSITIVE volume balance indicates higher volume on rising days. 🔹The RSI curve indicates a positive trend, indicating a rising trend. 🔹Technically POSITIVE for the short term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double...
🔹Rectangle Formation produced a POSITIVE signal at a breakout resistance of 160. 🔹Marginally broken up through resistance at 164, next resistance at 173. 🔹RSI curve indicates a rising trend, indicating an early indication of a possible upward trend reversal for the price. 🔹Technically POSITIVE for the medium long term. Chart Pattern: ◦ DT: Double Top | BEARISH |...
If you get an entry at 49 then that would be perfect with SL. Dvn should breakout anytime
An inverted H&S following a falling wedge I use the inverted H&S as a chart pattern that allows continuation Circles placed are left shoulder, head and right shoulder.
Devon Energy Corporation is on a descending triangle, so we expect a retracement of the price. Moreover the price is hitting both the support and the band of the triangle, making the price more likely to raise, Also the RSI index shows that the stocks are oversold, further strengthen this theory. You can go long on this stock as soon as its price breaks the upper...
This is the practical application of Bulkowski's AB = CD bullish pattern on #DVN #DevonEnergy. The ABCD pattern is identified by Fib retracement and extension shown in chart. Now we can trade based on probability of price reaching to A ($64) = 40% chance B ($52) = 83% chance C ($57) = 47% chance Current price is $46.27. Betting on $52 point B is almost a sure...
DVN NYSE:BABA Devon Energy Corporation - DVN Alibaba Group Holdings Ltd - NYSE:BABA I bought two shares of NYSE:BABA for every one share of DVN - 1- No stop loss. 2- 5x leverage NoT More! Becareful! Not more than leverage 5. - for buying shares: warning: Only leverage 5, Do Not Take More Than leverage 5. ---- Happy Trading!
$DVN has earnings Tuesday. I am eyeing a pullback in oil names headed into the week, but a beat could send this to new ATH
Consecutive 10 of 11 days of green days so far. According to David Ryan Ants' theory may apply but certainly not above average on some days. Watch and see and take the ride up!
Lots of negative divergence, now that Energy is pulling back DVN look ready to sell off hard!
What if today's rally in crude and brent oil prices was nothing more than an oversold bounce after the hideous more than 30% decline from the prior few trading sessions? We have identified a potential Head and Shoulders reversal pattern forming on the H4 chart, which might be an indication of what is to come, but before that let's look at what did the chart tell...
Devon Energy Corporation ( NYSE:DVN ) Sector: Energy Minerals (Oil & Gas Production) Market Capitalization: 34.114B Current Price: $50.39 Breakout price: $51.30 Buy Zone (Top/Bottom Range): $47.80-$44.40 Price Target: $56.20-$57.60 Estimated Duration to Target: 74-77d Contract of Interest: $DVN 4/14/22 55c Trade price as of publish date: $3.10/contract
DVN ready to drop ma 200 diverging from minor sine wave price has reached top of major sine wave
When the market reached a (new) All Time High earlier today I wanted to get some short Delta in my positions. I learned my lesson during the 'recent unpleasantness' bottom of 7/19 that being all net long puts one at risk of volatility in a portfolio... even if the positions themselves individually remain strong and profitable. This morning's volatility setup a...
Hi, another idea from the stock market. Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City,...
NYSE:DVN Possible Scenario: LONG Evidence: Price action TP: 25.5$ *This is my idea and could be wrong 100%