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SWN

SWN: In a triangle, but a very strong base for a rallySWN 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.
SLong
by IvanLabrie
6
SUNE -- A SECOND DIP AT THE COVERED CALL WELLWith SUNE still offering stellar premium for a slightly OTM short call, I'm taking another dip at the covered call well in spite of the fact that it has run up nearly 100% from its 11/19 low and before the volatility bleeds out of it: SUNE Covered Call 100 Shares at 6.25 1 Jan 29 6.5 short call Entire Package $491 (which will also be your cost basis in the shares) Max Profit: (If called away at 6.5) $159 Look to take the trade off as a unit if profit exceeds the "called away" profit ... .
SLong
by NaughtyPines
SWN is about to get see some energy. SWN bounced off support the past 2 days coming of a 'double bottom' Bat Pattern at major support which happens to also be precisely at the .618 retracement of the larger leg which is very visible on the weekly chart. This is all coupled with some very sizeable momentum divergence from the 'B' Leg swing point to where price has currently found some stabilization. There was above average volume on the support level touch which created a reversal candle. I am looking for a retest of the 'B' Point of the identified Bat Pattern. And yes. I am terrible at catching my 'Title' errors before it's too late. Sigh.
SLong
by JoeHayes