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Southwestern Energy Trading Analysis (05/08/2022)

05.08.2022

Market Review


#SWN

The "flag" trend continuation pattern is forming. Mirror level 6.40 is restraining the sellers. A bullish divergence forms on the Awesome Oscillator indicator, and the Stochastic Oscillator is signaling oversold.

Trading idea:

Buy on a breakout of 6.65.

Stop Loss: 6.40.

Target levels: 6.91; 7.46.

Author: GC
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