Aug. 16 at 1:54 AM
$DVN | Devon Energy | Energy 🛢️
Bulls slamming the gas on
$DVN as price fires off a clean descending channel breakout and holds its
$44.00 retest floor! 📈 Smart money is loading up fast with unusual call sweeps hitting the September
$46 contracts ⚡
Fundamentals: Independent E&P powerhouse generating high free cash flow yields with strong capital return framework through variable dividends and buybacks.
Technicals: 8h chart printing a high-conviction trendline breakout and wedge retest holding directly on high-volume profile demand 🎯 Reclaiming
$46.85 clears path to squeeze toward
$50.00 and
$54.00 targets.
Bull Key Levels:
$45.85 🐂 🔥 | Confirm:
$46.85 🐂 🚀 | Extension:
$50.00 🐂 💥
Bear Key Levels:
$44.00 🐻 ⚠️ | Confirm:
$41.50 🐻 📉 | Extension:
$38.00 🐻 🚨
Stop Loss:
$43.80 🛑
Targets:
$50.00 /
$54.00 💰 🍺
OVERALL: 🐂 BULLISH 🐂
#DVN #optionsflow #stockmarket #technicalanalysis #swingtrading #hovdid
