SWN: In a triangle, but a very strong base for a rally

2016年4月7日

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.

2016年4月8日

注释

Good progress here, let's see how it goes.

2016年4月11日

注释

Excellent!

2016年4月13日

交易开始

I went long but already closed. I liked today's pullback to reenter so I'm back in.

2016年4月19日

交易手动结束

Look to close ahead of earnings. I fear a drop against earnings resistance.

2016年4月21日

注释

Reports earnings, watch it, might gap down.

2016年6月2日

注释

Target got hit eventually.

2017年10月22日

注释

We may be able to buy back this stock here: