SM Energy Co. just had its dividend calls yesterday, in line with the street expectations. The stock has been in a bearish ride since last december, and we currently see a pullback which leads to a pretty nice short set up. Right now, the 24 ressistance is the entrance point for this trade. We are expecting that SM resumes its bearish trends, and our first target...
I'll be waitin for a break down as shown, then the retest and will be selling the buyer failure if it occurs.
Like if you agree, comment and share your thought and why not follow!
