SM Energy CompanyUpdated SM Energy has critical point!
1) I drew resistance and support lines in the past and they worked very well for short and long positions. I drew support line and it is very close to be broken or security will take support from there. I drew resistance line and it is another obtacle for new peaks. If security wanna increase, it must break it. Also RSI has 2 moving averages and they crossed each other. It is sell sign. Purple cut down green one(sell sign).
2) I drew Overbought(23.25) and Oversold(-44.26) areas for Momentum Indicator. I applied (8 period SMA) on Momentum. Momentum cut above its moving average and it is buy sign.
3) I drew resistance line on CCI Indicator. I applied (14 period WMA) on CCI. CCI will nearly cut down its moving average but we have to wait at the end of this month's closing. We have to wait for buying this security because CCI has not cut above its resistance line. Resistance line must be broken.
4) I drew Support Line on prices and it has not been broken yet. Also i applied 2 moving averages which are called DEMA(5 period and 20 period).
2) I drew Overbought(23.25) and Oversold(-44.26) areas for Momentum Indicator. I applied (8 period SMA) on Momentum. Momentum cut above its moving average and it is buy sign.
3) I drew resistance line on CCI Indicator. I applied (14 period WMA) on CCI. CCI will nearly cut down its moving average but we have to wait at the end of this month's closing. We have to wait for buying this security because CCI has not cut above its resistance line. Resistance line must be broken.
4) I drew Support Line on prices and it has not been broken yet. Also i applied 2 moving averages which are called DEMA(5 period and 20 period).
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Resistance line of +DI and RSI were broken 3 weeks ago. I drew Support line of CCI, Momentum and RSI. They weren't broken yet and stock is increasing above those support lines.
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Resistance line of RSI and CCI were broken last month.
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Monthly Chart! Momentum broke its support line this week but i think it will not work because RSI did not break. Also i caught sth weekly chart on Momentum. Rising Wedge!
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RSI and +DI is very close to break support line but Momentum have already broken support line also it was happened rising wedge chart pattern!
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+DI broke support line this week. Weekly Chart!
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Weekly Chart! RSI broke support line but wait for CCI. Risk can be taken here for sell all positions but certain signal we have to wait CCI.
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Weekly Chart! CCI broke support line!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.