FANG - eveningstar near supply zone
Fang has b/out DTL with volume. Potential for upside
What was once support has now flipped into resistance for FANG so we have our alert set for a break above $74.70 for a potential day trade with $78- $79 as our target range.
3/4/21 $FANG - Diamondback Energy - 9.16% Gainer Catalysts: Fundamentals (see details below 1,2): -Company buyout -Note buybacks -Land and asset purchase -Sector strong relative to market Technicals (see chart): -Bullish set up -Great momentum over recent months. Fundamentals con't.: -8K's filing stated that they company would be buying out QEP, another...
$FANG on daily chart. Took a few minutes to publish some easy to recognize, bullish and bearish chart patterns on daily charts. Enjoy! Note: Ascending triangles are generally seen as bullish but can be bearish when the lower trendline is broken.
nice position to get puts on if we double top here and it gets rejected at trendline resistance too. lots of longs will be trapped/looking to cut losses early. theres always 2 outcomes though, if 70/top trendline breaks we can look for a test of 100!! wait for the breakout first imo. but maybe leaps could be the move here
FANG is an extremely undervalued energy company. Its fair value estimate is $86/share. Load the boat now before it takes off even more. It's been holding in the $ '60s and looks to have the momentum to go past 70 and eventually hit 90.
FANG is one of the names poised to benefit from infrastructure bills and further rallies in the energy sector. I predict we see a return towards the 50% area on the Fibonacci retracement. I see $80 in the immediate future and much more to come if infrastructure is on the democratic agenda.
Hello traders, DIAMONDBACK ENERGY is in a bearish dynamic fake with an inverted hammer candle and low executed buy volume. In the TIMEFRAME M1 we can see a kind of hammer candle with a large purchase volume past it is in full break of the VWAP. And it seems to have strength on this move as it is heading up its high potential equilibrium zone to breakout the price....
Intra-year C&H pattern looks like it is forming.. Not to long entry level for this pattern but is past long entry level for the bullish bat pattern it is trading in (see prior post) Price hit the top of the window of prior gap down and was stopped cold so watch that level at 47.25.. There is more R overhead that may slow FANG down a bit.. Falling wedges can be...
Pattern only valid at or above LE level with uptrend Possible stop below 23.6 so close to LE level which makes these patterns nice to trade. Possible T2 81.2 to 97 keeping focus on T1/Targets 1. T2 are long term targets Gap down makes great support at the bottom of the window, but possible R at top of the window. Monthly candle is bullish Just an observation
Price has found short correction on the Daily timeframe and may attempt to fill the gap. Looking at H2 chart, we need a clear breakout and a retest, then we may consider buying.
FANG has a stronger balance sheet than most, Only the strong will survive and Permian BAsin based producers have a cost advantage which may allow them to survive longer. Possible Gap fill trade
Not financial advice. I don't know what I'm talking about. Not a professional, I am somewhere on the autistic scale. Anyways, With no real support below, this seems like the reasonable target based on the fibs. Fundamental factors could move this the other way.