In a seismic shift within the energy sector, two major players in the U.S. shale oil industry, Diamondback Energy ( NASDAQ:FANG ) and Endeavor Energy Resources, are on the brink of sealing a historic deal worth a staggering $25 billion in cash and stock. Sources close to the negotiations reveal that this landmark agreement is poised to create a behemoth valued at...
Earnings beat yesterday yet FANG went diving today.
Very long tail on today's candle but it found support in a recent gap.
Loose symmetrical triangle noted.
Support line blue versus green due the piercing on the line today.
Price is within the structure again at close.
No recommendation.
Diving Dojis can spell trouble, but not always.
Probable Bearish RSI...
Buy idea on FANG as you see on the chart after the breakout with force the vwap and the resistance line by a big green candle with a large green volume.Thanks.
Sell idea on FANG as you see on the chart after the breakout with force the vwap and the support line by a big red candle with a large red volume.Thanks.
Sell idea on FANG as you see on the chart because we have the breakout with force the vwap indicator and the support line by a big red candle with a large red volume.Thanks..!
This triangle broke to the upside in spite of earnings miss.
Possible Bearish Rising edge denoted with orange trendlines.
Resistance overhead.
Bullish Harami today but needs confirmation.
No recommendation.
Diamondback Energy Inc. (FANG) presently testing channel resistance, able to contain weekly buying pressures.
From here, (FANG) can fall to recent support, eliciting losses of 15% over the following 1 - 2 months.
A settlement below this key support would ignite further losses where (FANG) can fall 20 - 30% over the following 2 - 3 months.
Inversely, a weekly...
I expect the stock to have a downward corrective wave after completing five upward waves
The stock can go up to $50
The analysis fails if the price exceeds 177.08$
Just technical analysis
It is not considered a recommendation to buy or sell
Earnings watch 11/7:
FANG
TRIP
KOS
LYFT
BRK.B
BNTX
ATVI
PLTR
SEDG
CLOV
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of...
Possible top forming. Oil is volatile so there is no telling and this oil stock is even more volatile than the rest f the crew!
W formation which could be a Bearish Gartley.
A Gartley pulls tp the .618 on the retracement leg (2nd leg). The 4th leg terminates at the .786 of XA.
No recommendation/I will revisit this one.
The PEAD projected a Bullish outlook for $FANG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 55.56%.
