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Southwestern Energy Trading Analysis (27/04/2021)

27.04.2021

Market Review

#SWN

The #SWN shares of the are in correction. The upper limit of the presumably correction channel is broken. A bullish divergence has formed on Awesome Oscillator, and the moving averages of the Stochastic Oscillator have come out of the oversold zone. Breaking through the price pivot zone of 4.10 will result in the formation of an ascending pattern of 1-2-3.

Trading idea:

Buy at the breakout of 4.10.

Stop Loss: 3.85.

Target: 4.80 (at the ratio of 1k1 transfer to breakeven).

Author: GC
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