Long

Pioneer Natural Recourses to $230 by next April? ($PXD)

This is a weekly chart of PXD anchored with a Fib Retracement tool. I added a trend pitchfork to show an upward movement in the stock from now until 2023. Considering macro economic effects, a great balance sheet, and a recent PT raises toward the $200 level, I can see this stock following the provided trend channel and inching towards ATHs again.

In the short term, I would look for this stock to close a recent gap in the high 160s then try to break its recent highs before inching towards some of those analyst PTs.
Chart PatternsTechnical IndicatorsTrend Analysis

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