SWN 5%-20% Profit Potential
Greetings Earthling...
I stated last week that this would mature last week but while the price increased from $4.03 to a high of $4.34 (7.5%), it did not hot target do to tons of over head resistance. Now that this has past, there is only one line of overhead resistance ($4.34 on the daily chart). Should this break, the fibonacci suggest the price will hit $4.54 Monday or Tuesday.
Now that was the say part ( the all but guaranteed money maker... here is questionable part....
After the price hits $4.54, we could see a significant retrace back to $4.24 and lose all the gains we just made
or
I believe this is more likely that we will see and extension of Wave 5 up to 3x. If you are going heavy on this trade, take some profits at $4.54 and if you elect to ride the waves, look to take profits path each extension point ($4.99 and $5.25). Cap your losses with a stop loss at $.4.41.
Easy money but know you risk tolerance. Old money from last week go long. New money should stop loss at $4.20. Risk:Reward is in our favor at 1:7 on this trade.
Great trade opportunity to purchase "call option" for a quick turn given the limited overhead resistance. Premiums should pop early.
Happy Trading ...
#FlintstonesGazoo #TheGreatGazoo
Gazoo: "But wait, surely there must be others more qualified than I".
Andre Benjamin: “Even the sun goes down, heroes eventually die/Horoscopes often lie, and sometimes ‘y’/Nothin’ is for sho', nothin’ is for certain, nothin’ lasts forever, but until they pull the curtain”...
It will be you and I...!!!
I stated last week that this would mature last week but while the price increased from $4.03 to a high of $4.34 (7.5%), it did not hot target do to tons of over head resistance. Now that this has past, there is only one line of overhead resistance ($4.34 on the daily chart). Should this break, the fibonacci suggest the price will hit $4.54 Monday or Tuesday.
Now that was the say part ( the all but guaranteed money maker... here is questionable part....
After the price hits $4.54, we could see a significant retrace back to $4.24 and lose all the gains we just made
or
I believe this is more likely that we will see and extension of Wave 5 up to 3x. If you are going heavy on this trade, take some profits at $4.54 and if you elect to ride the waves, look to take profits path each extension point ($4.99 and $5.25). Cap your losses with a stop loss at $.4.41.
Easy money but know you risk tolerance. Old money from last week go long. New money should stop loss at $4.20. Risk:Reward is in our favor at 1:7 on this trade.
Great trade opportunity to purchase "call option" for a quick turn given the limited overhead resistance. Premiums should pop early.
Happy Trading ...
#FlintstonesGazoo #TheGreatGazoo
Gazoo: "But wait, surely there must be others more qualified than I".
Andre Benjamin: “Even the sun goes down, heroes eventually die/Horoscopes often lie, and sometimes ‘y’/Nothin’ is for sho', nothin’ is for certain, nothin’ lasts forever, but until they pull the curtain”...
It will be you and I...!!!
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