Update to SWN
Greetings Earthling...
Yesterday: "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 hit target due 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."
UPDATE UPDATE UPDATE:
Well 3% profits were in order for today.... Posting this before market close but the $4.34 resistance has been eclipse. However, the extension started earlier than expected at $4.40. So with a 3x extension, expect a full potential of $4.72 with an additional 7.5% profit potential from current. At this point a retracement is in order at least until the start of the extension at $4.34.
stop loss at $4.36.
Risk Reward Ratio = 2:7 = 3.5 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...!!!
Yesterday: "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 hit target due 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."
UPDATE UPDATE UPDATE:
Well 3% profits were in order for today.... Posting this before market close but the $4.34 resistance has been eclipse. However, the extension started earlier than expected at $4.40. So with a 3x extension, expect a full potential of $4.72 with an additional 7.5% profit potential from current. At this point a retracement is in order at least until the start of the extension at $4.34.
stop loss at $4.36.
Risk Reward Ratio = 2:7 = 3.5 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...!!!
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.