OnlyFibs
Nov 8, 2:30 AM
$DVN | BULLISH FLOW & WHALE ACCUMULATION IN DEMAND ZONE 🐂💰
🏢 Company Overview: Top-tier U.S. independent oil and natural gas producer focused on high-margin Permian Basin development and disciplined shareholder capital returns.
🔎 Volume, Whales & GEX Setup: After pulling back from
$52.28, price landed at
$42.56 right inside the
$42.13–
$44.69 Weekly Smart Money Zone with deeply oversold 8H RSI. (
$3.2M calls vs
$654K puts). Whales (≤120d) surged to +
$2.2M net, led by massive institutional buying on
$45C 01/27 (
$2.3M block +
$156K sweep above ask). GEX with Max Pain at
$48.00, the Put Wall at
$47.50, and the Call Wall at
$50.00 acting as major overhead magnets once
$44.69 is reclaimed! 📈🔥
🎯 Key Levels to Confirm:
• Bulls: Must hold
$41.00–
$42.13 & clear
$44.69 Weekly Zone ➡️ Targets:
$47.50 /
$48.00 Max Pain /
$50.00 Call Wall! 🚀
• Bears: Need a clean breakdown under
$41.00 (
$39.90 swing low) for downside continuation toward
$36.00 ⚠️. #hovdid
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