4DY6 trade ideas
DVN before 15% gain... The exchange rate reached its correct level. From this level, we can see a "double bottom" turn. Strong signal to prepare for a further rise. If we examine the ATR axis, it appears to form a rising channel. These two indications strongly suggest that a steady and sustained rise is expected. The target price is the top of the channel 36USD.
DVN before 21% rise... The ATR axis of the exchange rate is shown in the analysis. The slope of the rising ATR axes is increasing, predicting an acceleration of the exchange rate. The current rising wave structure target price is 39 usd. I expect a correction from that level. To be continued.
DVN before 33% increase... As you can see from the analysis, the wave axis (green) and the ATR axis (white) are parallel and rising. This predicts a stable rise. Based on an analysis, I expect a more long-lasting upswing. The goal of the rise is 40.54 usd.
DVN Rate Before Increasing...The exchange rate reached the bottom of the correction level. This level was around 30.5usd. We expect a definite increase from this level. The exchange rate increases in a triple wave structure. The peak of the first wave structure is 40.48usd. Then correction can be around 2-3 usd. Then rising second and third wave structures. Our target price is 48.4usd.
DVN has completed its decreasing movement... In the previous analysis, we assumed the formation of a new decreasing wave structure, but the structure of the ATR axis of recent days has not confirmed this. Therefore, we strongly assume that it has reached the bottom of the exchange rate. You can now build a rising wave structure. The size and structure of which is a double fractal structure. The figure shows a good visible fractal, as well as the fractal structure of the double fracture. Which peak points or valley levels can be given by the ATR axis or its parallel axes. If the place of the theory of exchange rate rise is 55 usd level environment. The current level is a 35% rise in yield.
The DVN rate is still falling... The exchange rate is based on the last drop of wave. Its bottom is 37usd. From this level, a small wave structure and a slow motion can be sustained. The turn can start with an ABC wave. Then with the emergence of the triple wave structure, Where growth can accelerate. The target price of the exchange rate is 53.2 usd. Which can be a profit of 43% of the planned entry level.
DVN stay long...DVN stay long. The exchange rate moves in the third rising elliot wave structure. The size of the motion, following elliot rule, is equal to the size of the first wave. If the finding is correct, the next target price for the exchange is 55 usd. From this level I will again expect an ABC correction wave motion.
DVN - This could get ridiculousThis sucker could fly to space if it gets going. Earnings could be the catalyst.
DVN - Bullish Cup & Handle Pattern (Now On Handle) This is a buy at $37, then will turn bullish. All of this will happen before next earnings report. If you buy this stock and/or options, please do your research.
DEVON ENERGY CORP long ...DEVON ENERGY CORP long ... The exchange rate moves in a dual wave motion. The ATR (D1) is 1.66 times the previous value. This means that the distance of the exchange rate movement can be greater than 1.66 times the wave (BC) wave period as in the (0A) wave period. This may also have the consequence that the wave (BC) is twice as large as the wave structure (0A). The (BC) wave periodus target price is 56usd.
DVN Detected possible stock repurchase!!!DVN: devon energy corp
2018-03-07 16:12:01
Detected possible stock repurchase
Rising Earnings per Share for Devon EnergyThe Earnings of Devon Energy Corporation started to climb from December 2016 and between August and but only in September of 2017 the stock price started to show a recognizable trending behavior, All this added to a rising Crude Oil Futures is a good argument for add this stock to a portfolio.
Another good quality of this stock is your high beta coefficient (2.65) very high compared with others in this sector.
Earnings per Share:
www.nasdaq.com
My technical point of view here is:
After a down trend movement from December 2016 to July 2017 I can appreciate now how the price is making new higher highs and higher lows and for identify this I only place some support and resistance lines around some key levels 34.20 the most recent place the 37.30.
And now in the present is easy to identify a resistance breakout with your respective pullback in the 37.30 area. This is a good point to entry here in the now but it remains to be know what will happen in the future with that line of resistance around the level of 50.00 for a speculative trade looks good if the price target is 50.00 and if the price reach that level close the trade and bye. But for a long term investing (Years) I do not know because Technical Analysis can not gimme with accuracy what will happen in the future.
Like Ed Seykota say "There is no math to get you out of having to experience uncertainty"
Other way to handle this trade is to make the decision to close or hold in the future based on how the price behaves when it reaches that level and watch over the position like a hawk
For more details look the daily chart
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Opinions are for educational purposes. I am not licensed to provide investment advice but I try than my opinions looks the more realistic way.
DVN is in a rising wave structure...DVN is in a rising wave structure. Currently, it is a breakthrough of 40.85 usd correction levels. The next adjustment level is 44.26 usd. This is a quarter of a wave size. Here, we assume an equal size correction. Thereafter, a total wavelength increase of $ 46.67 will be used. The ATR axes (purple line) are sufficiently sloping to form a definite wave motion.
