FANG DIAMONDBACK ENERGY, INC.Swing trading potienal
holding period one month
Hi i am swing trader based in india, and i am closely monitoring markets in US
i would love to share swing oppurtunity for u guys
7DB trade ideas
FANG Cup with HandleFANG cup with handle setup as multiple #Oil and #Gas stocks are setting up.
I am in FTI though but pointing this one out.
FANG/EOG: Potential Short OpportunityFANG/EOG is showing a signal for a Short position after the end of yesterday, and all indicators support what appears to be a promising opportunity.
ADX: Indicates no prevailing trend in the pair.
Correlation: Remains high.
Price: Positioned in the overbought area.
FANGA very clean bullish flag, I am in. Riding this trend and the future breakout to reach the x2 size of the flag. Trade safe
Next week analysis: FANG & Energy Sector up? Hello everybody, thank you for checking out my trade idea and rundown of the stock market from last week. My analysis here covers the broad stock market, the energy sector, money inflow to small caps, and a potential trade setup in FANG, XLE, or ERX for next week. Please let me know if you have any questions about entries when to enter how to enter how to exit how to scale out or if you have any questions about the indicators I use or the indicators I don't use. I like to keep things simple; most indicators are derived from the price and volume, so I don't need to use indicators to tell what's going on. Have a great trading week and good luck.
Strong Bullish Bias. Falling Wedge Breakout noticedDATE: June 29, 2024
Strong Bullish Bias. Stay in the trade.
Be Patient. The trend is still bullish and way above 200 EMA.
Breakout from bullish Falling Wedge has been observed.
Bullish movement already happening on 4H and 1H.
Price Projection is 255.
Buy or Add more positions at 205 breakout or at retest at 195.80.
FANG - Diamondback Energy - Buy Idea 10.06.2024Here we can see a new impulse wave with great demand zone. We expect to see retracement to the demand zone and from there to see new bullish impulse. The zone is between 145 -162. The movement we expect is to the last high and it is about 31%. The indicators are near the oversold levels, which is pretty good.
Diamondback and Endeavor Forge $50 Billion Powerhouse
In a seismic shift within the energy sector, two major players in the U.S. shale oil industry, Diamondback Energy ( NASDAQ:FANG ) and Endeavor Energy Resources, are on the brink of sealing a historic deal worth a staggering $25 billion in cash and stock. Sources close to the negotiations reveal that this landmark agreement is poised to create a behemoth valued at over $50 billion, positioning it as the largest, pure-play oil producer in the prolific Permian shale field.
The proposed merger, which could be announced as early as Monday, underscores a strategic move by Diamondback ( NASDAQ:FANG ) and Endeavor to consolidate their strengths and capitalize on synergies in a fiercely competitive market. With Diamondback's shareholders expected to hold the majority stake in the combined entity, the newly formed company is set to dominate the Permian landscape, surpassing even industry giants like Exxon Mobil and Chevron.
Dan Pickering, Chief Investment Officer of Pickering Energy Partners, describes the impending merger as a "layup" due to the natural fit and acreage overlap between the two entities. This sentiment is echoed by industry analysts who anticipate that the deal will not only enhance operational efficiencies but also exert pressure on remaining players in the Permian basin to explore similar consolidation strategies.
The consolidation trend within the Permian basin reflects a broader push among oil producers to secure future drilling inventory and optimize output amidst evolving market dynamics. Andrew Dittmar, Senior Vice President at data analytics firm Enverus, observes that while future deals may not match the magnitude of recent transactions, the Diamondback-Endeavor merger is poised to set a new benchmark for industry consolidation.
Autry Stephens, founder of Endeavor Energy Resources, is expected to retain a significant role in the merged entity, underscoring the deep-rooted legacy of the company he built over four decades. Endeavor's formidable operations spanning 350,000 acres in the Midland portion of the Permian Basin reflect Stephens' astute strategy of acquiring undervalued assets and leveraging innovative technologies to drive profitability.
The impending merger between Diamondback ( NASDAQ:FANG ) and Endeavor represents a pivotal moment in the oil industry, signaling a paradigm shift towards consolidation and collaboration in the pursuit of sustainable growth and operational excellence. As investors eagerly await the market's response to this transformative deal, all eyes are on Wall Street to gauge the resonance of this monumental merger within the energy sector and beyond.
SYMMETRICAL TRIANGLEEarnings beat yesterday yet FANG went diving today.
Very long tail on today's candle but it found support in a recent gap.
Loose symmetrical triangle noted.
Support line blue versus green due the piercing on the line today.
Price is within the structure again at close.
No recommendation.
Diving Dojis can spell trouble, but not always.
Probable Bearish RSI diversion denoted with orange dashed line.
Price fell from a bearish rising wedge a few weeks ago.
If you look at a chart 2 or 3 times and see nothing you recognize, it is often best to move on to another chart (o:
$FANG pulling out of a base#DiamondEnergy NASDAQ:FANG pulling out a base with gap ups = bulllish sign. Long!
FANG: Buy ideaBuy idea on FANG as you see on the chart after the breakout with force the vwap and the resistance line by a big green candle with a large green volume.Thanks.
FANG: Buy ideaBuy idea on FANG as you see on the chart after the breakout with force the vwap by a big green candle with a large green volume.Thanks.
FANG: Sell idea Sell idea on FANG as you see on the chart after the breakout with force the vwap and the support line by a big red candle with a large red volume.Thanks.
FANG: Buy ideaBuy idea on FANG after the breakout with force the resistance line by a big green candle with a large green volume.Thanks.
FANG: Sell ideaSell idea on FANG as you see on the chart because we have the breakout with force the vwap indicator and the support line by a big red candle with a large red volume.Thanks..!
Symmetrical TriangleThis triangle broke to the upside in spite of earnings miss.
Possible Bearish Rising edge denoted with orange trendlines.
Resistance overhead.
Bullish Harami today but needs confirmation.
No recommendation.
FANG approaching resistanceDiamondback Energy Inc. (FANG) presently testing channel resistance, able to contain weekly buying pressures.
From here, (FANG) can fall to recent support, eliciting losses of 15% over the following 1 - 2 months.
A settlement below this key support would ignite further losses where (FANG) can fall 20 - 30% over the following 2 - 3 months.
Inversely, a weekly settlement above channel resistance would put (FANG) into a buy signal where gains of 30% can be expected over the next 3 - 5 months.
A DOWNSIDE CORRECTION TO COME #FANGI expect the stock to have a downward corrective wave after completing five upward waves
The stock can go up to $50
The analysis fails if the price exceeds 177.08$
Just technical analysis
It is not considered a recommendation to buy or sell
Earnings watch 11/7Earnings watch 11/7:
FANG
TRIP
KOS
LYFT
BRK.B
BNTX
ATVI
PLTR
SEDG
CLOV
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
Oil Keeps on Going!Price has hit the .886 of XA or the first leg down of this W.
No recommendation/Watching/candle of indecision so far today.
HMMMM?Possible top forming. Oil is volatile so there is no telling and this oil stock is even more volatile than the rest f the crew!
W formation which could be a Bearish Gartley.
A Gartley pulls tp the .618 on the retracement leg (2nd leg). The 4th leg terminates at the .786 of XA.
No recommendation/I will revisit this one.
#fang #short #stock Will the negative trend continue?
Negative market sentiment.
I took it short.
Target price: $35
