Aug. 19 at 10:08 PM
$DVN | Devon Energy | Energy / Oil & Gas 🛢️
Shorts getting trapped on
$DVN as price builds an aggressive accumulation base right inside key Fair Value Gap support! 💥 Solid buyer absorption off
$45.84 confirms a strong structural floor ahead of the
$48.64 breakout trigger ⚡
Fundamentals: Top-tier exploration titan leveraging high-margin liquid production and shareholder returns.
Technicals: 8h timeframe showing a bullish wedge breakout sequence coiling firm above baseline moving average support 📊 Stochastic RSI curling upward. Holding
$45.84 FVG keeps buyers in full control.
Bull Key Levels:
$45.84 🐂 🔥 | Confirm:
$48.64 🐂 📈 | Extension:
$52.34 🐂 🚀
Bear Key Levels:
$44.00 🐻 ⚠️ | Confirm:
$41.00 🐻 🚨 | Extension:
$38.00 🐻 📉
Stop Loss:
$45.50 🛑
Targets:
$52.34 /
$55.00 💰 🍺
OVERALL: 🐂 BULLISH 🐂
#DVN #optionsflow #stockmarket #technicalanalysis #swingtrading #hovdid
