SWN: In a triangle, but a very strong base for a rally
SWN has traced a triangle, where we have downtrend and uptrend signals in the daily chart that conflict with each other.
Under closer inspection, it could be possible to see burst upwards during earnings, if it surprises positively.
The chart is set up for an 86.79% rally from the mode at 7.77, with downside risk of 14.22% (to 6.60).
If you have a suitable strategy for this trade, feel free to take it. It could be traded with options, or going long stock and selling covered calls against it.
Monitor the price action, I think we have considerably good odds in this trade but make sure to be responsible with risk.
Good luck,
Ivan Labrie.
Under closer inspection, it could be possible to see burst upwards during earnings, if it surprises positively.
The chart is set up for an 86.79% rally from the mode at 7.77, with downside risk of 14.22% (to 6.60).
If you have a suitable strategy for this trade, feel free to take it. It could be traded with options, or going long stock and selling covered calls against it.
Monitor the price action, I think we have considerably good odds in this trade but make sure to be responsible with risk.
Good luck,
Ivan Labrie.
Bình luận:
Good progress here, let's see how it goes.
Bình luận:
Excellent!
Giao dịch đang hoạt động:
I went long but already closed. I liked today's pullback to reenter so I'm back in.
Giao dịch được đóng thủ công:
Look to close ahead of earnings. I fear a drop against earnings resistance.
Bình luận:
Reports earnings, watch it, might gap down.
Bình luận:
Target got hit eventually.
Bình luận:
We may be able to buy back this stock here:
