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DIAMONDBACK ENERGY INCDIAMONDBACK ENERGY INCDIAMONDBACK ENERGY INC

DIAMONDBACK ENERGY INC

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FANG trade ideas

DIAMONDBACK ENERGY StrategyHello traders, DIAMONDBACK ENERGY is in a bearish dynamic fake with an inverted hammer candle and low executed buy volume. In the TIMEFRAME M1 we can see a kind of hammer candle with a large purchase volume past it is in full break of the VWAP. And it seems to have strength on this move as it is heading up its high potential equilibrium zone to breakout the price. Then a breakout of the zone is to come to leave in a second and to go on the last preceding top (seen from the initial TIMEFRAME on the TIMEFRAME H1) two excesses. And if the buyers are still in the game come on the next high with a test of a zone of equilibrium for a possible breakout. Not enough force for half of the intermediate median of ANDREWS PICHTFORK. Please LIKE & FOLLOW, thank you!
NASDAQ:FANGShort
by stephanelibatd
Cup and Handle Falling WedgeIntra-year C&H pattern looks like it is forming.. Not to long entry level for this pattern but is past long entry level for the bullish bat pattern it is trading in (see prior post) Price hit the top of the window of prior gap down and was stopped cold so watch that level at 47.25.. There is more R overhead that may slow FANG down a bit.. Falling wedges can be a reversal pattern at the bottom, not always as a stock can keep on going down in a FW as it can be a long term pattern just like it's opposite, the rising wedge. Both have trendlines that slope in the same direction and narrow, or converge at the apex. As a reversal pattern, it will slope in the direction of the trend, down. As a continuation pattern, the FW will slope against the prevailing trend (IE..in an uptrend). It takes at least 3 weeks to form which differentiates it from a pennant. Possible stop below handle low (HL) or mid cup (MC) Just an observation so be safe
NASDAQ:FANGLong
by lauralea
3
"FANG": A Leading US Energy Play for 2020For those who have been following my ideas, you know I am bullish on top energy and oil companies. Diamondback energy has a $135 target by top Wall St. firms and analysts and while that doesn't mean anything, thats a hint that big money will flow in - and surely it has. Technically speaking, it has formed a clear rising channel from a several year head and shoulders. I see no reason why this stock doesn't hit a $125-135 price tag by the end of 2020. In-fact, if the DXY continues to weaken, one cannot rule this stock making ATHs. In a bull market, Wall St. analysts usually underestimate target prices, while in a bear market or near a bear market they heavily overestimate market targets and stock targets. Therefore in this case, I cannot doubt this stock hitting 145-150 even though I do not forecast it necessarily. Currently the stock is overbought and at heavy resistance so a pullback should be expected, however this stock will fair very well in 2020. Advice: Enter on a pullback of >1% and open long position. - zSplit *Pullbacks and rises are not necessarily as depicted and drawn, but showing the general trend.
NASDAQ:FANGLong
by PaulDeep19131
2
Short $FANG - 1D TFI shorted $FANG yesterday. Price closed below DC20 on 6th November, MA50 is below MA200. RSI, MACD are bearish. Weekly MA50 has crossed MA200 and price closed below DC20 a few weeks ago. RSI, MACD are bearish. TP is next major support above 55.48. SL is monitored depending price action in the upcoming weeks. Currently I would think IF 1D candle closes above MA50 and DC20. So it is a dynamic SL with time. Current RR is not that favorable based on the above however continuation of the trend is quite likely and current price action suggests further down. Any comments are more than welcomed! Thank you and please trade carefully and with money only you can afford to lose. www.etoro.com
NASDAQ:FANGShort
by drgorogbalazs
FANG - Short for 35%: Current Price @ 84, PT at 55FANG - (Nasdaq) - Short for 35%: Current Price @ 84, Price Target (PT) = 54 Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas.Oil is likely to fall this week. Great Head and Shoulders pattern. It might retest the neckline again, but then it's coming back own, fo sho! Take profits at 77, 66, then all out at 55.
NASDAQ:FANGShort
by TMoneyBidness