Mar. 28 at 9:53 PM
Energy is my favorite sector right now — and I'm NOT chasing it here. 👀
$FANG +34% YTD,
$DVN +42%,
$PR +54% QTR — these names are ripping. RSI on all three is near or above 80. Overbought, extended well above their 20/50 SMAs.
$DVN trading at 12.5x earnings still looks cheap fundamentally, but technically this needs to breathe.
Watching for a pullback toward the 20-day SMAs —
$FANG ~
$186,
$DVN ~
$47. Supply tightening + demand could surprise. Weakness = opportunity.
#Energy #Trading #Commodities