DWSN trade ideas
DWSN: Weekly Support Found - Possible Retracement Upwards Currently finding DWSN on the weekly support area. Possible move up to the next Fib point, but don't get too excited this will unlikely to return to the top of this drop, but certainly bounce up a % of it.
About:
Dawson Geophysical Company, formerly TGC Industries, Inc., is a provider of onshore seismic data acquisition and processing services with operations throughout the United States and Canada. The Company acquires and processes two-dimensional (2-D), three-dimensional (3-D) and multi-component seismic data for its clients, ranging from oil and gas companies to independent oil and gas operators, as well as providers of multi-client data libraries. It operates through contract seismic data acquisition and processing services segment. It operates approximately 10 seismic crews, consisting of over eight crews in the United States and approximately two crews in Canada, and a seismic data processing center. It owns equipment for over 20 land-based seismic data acquisition crews, approximately 220 vibrator energy source units, over 248,000 recording channels and approximately 20 central recording systems.
SHORT INTEREST
1.34M 06/28/19
P/E Ratio (with extraordinary items)
-2.45
Average Analyst Price Target: $4
Average Analyst Recommendation: Overweight
DWSN - BULL SWING SETUP OVER 8MADEC 19 - HG SWING PLAY - BULLISH MACD; BULLISH CURVE
OUT OF OVERSOLD; BULLISH PRICE ACTION; FRESH ENTRIES
SHOULD LOOK FOR 8MA CROSSOVER CONFIRMATION OF SWING
TO 3.75 RESISTANCE AT THE 20MA.
DWSN-LONG (ICHRSI)first target a 1.5 ratio with 70% of capital
segunto target a ratio of 2.5 with the remaining 30%
