cblewis_78

Mr. SWN Update 2... SMH another 1.3%... Still money on the table

NYSE:SWN   Southwestern Energy Company
Greetings Earthling...

Cavet... Full potential is near $5.10 on the weekly chart with target time frame Friday or early next week. 5/18 Call Options will be interesting

Nevertheless...

Extension 2 is underway w/ caveat: *** The day closed in the middle of Extension 2. This may cause 1 of 3 things to happen: (1) price drops at open to the 9 EMA a bounce North or (2) the price gaps up at open Wed to 4.58-4.60 slight retrace second half of day or (3) a straight rally to $4.60+ bypassing the 3rd extension. By my Calculations, prices should hit near $4.70 by Friday with Max potentional at $5.10 by Friday close or early next week (Mon-Tues).

Confidence Pick: A-
Stop Loss: $4.40
RisK-Reward Ratio: 2:5 for new money or 2.5 in our favor


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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