The stock shows an uptrend pattern. It formed a flag ( continuous pattern) from Jun to Dec 20, and it supported with uptrend channel from Oct 20 to present. Target price level is around 5.5 and the time expected to reach this level between March and July 2021.
Time to break that weekly bull flag???!! Maybe the Biden win is going to be stimulus enough for energy stocks to soar going into the new year. 3.23 is a massive supply zone, if the stock can finally push through we’ll see 3.43, 3.9, and above there I bet we see 4.69. Don’t get greedy, if you notice the stock was able to trap a lot of bulls back in June (why I play...
Southwestern Energy has fallen out of its “Go” trend on a daily chart. The GoNoGo Trend indicator is painting amber bars as it falls below an upward sloping trend line. At the same time, the GoNoGo Oscillator shows momentum breaking below zero with heavy volume (dark blue for the oscillator line), confirming the change in trend in price. If this continues we...
Keep watch to see if a double bottom will happen or if we will continue up the channel now. This is a prime entry point to 4$ range - calls will pay if you buy with time.
Breakout of Multi-year downtrend confirmed LONG & STRONG
test I've never seen a double estimated moving average above 900 ever do this before. Have you?
In this chart we're looking at SWN on the 1D chart as price has consolidated into a rectangle. Price has broken down through the horizontal boundary around $1.78 and has confirmed the breakdown after printing a 1D candle through the $1.73 area. This rectangle has a price target of around $1.11 for about a ~37% gain. If you would like to see more of these ideas...
The exchange rate may precede the construction of a 2: 1 fractal sequence. This is corroborated by the observation that the percentage of the second fractal is the same as that of the resulting fractal. It is half the size of the resulting fractal. If the analysis is correct then the target price for the exchange is 0.75 usd.
EXTREMELY UNDERVALUED AND MANIPULATED BELIEVE HEDGE FUNDS WILL LOAD UP IN THE LOW $1s PE =1 COMPANY MAKES MORE MONEY IN INCOME PER YEAR THAN CURRENT MARKET CAP OF STOCK NATURAL GAS IN NOT GOING ANYWHERE, 50%+ OF ALL ELECTRICITY GENERATION LOOK FOR SUPPLY TO SHRINK IN COMING YEARS, E.G. RIG COUNTS DROPPING BACK INTO THE 700s WILL PROBABLY BE BACK AT $50 IN THE...
Reflecting on our positions and where this trade is likely to trade
Section 232 Uranium tariffs this month is likely to be a driver on the natural gas price ultimately pushing Chesapeake higher!
With section 232 Uranium tariffs around the corner, natural gas is lining up perfectly for an event-driven opportunity to get long!
Would love to hear your perspective in the comments sections below! Have a wonderful day!
As you all know by now, I believe this is an event-driven outcome due to section 232 tariffs on Uranium. The decision will be made in April with a high probability it is passed. The blowback is likely higher electricity costs from Nuclear, natural gas is an alternative base load energy.
Our wave 2 low from support looks to be holding strong. I believe the wave 3 has started and section 232 tariffs on Uranium as likely to be the driver moving forward. The target for Wave 3 is above $7, section 232 announcement is in April.