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Devon Energy Corporation

Devon Energy Update

Di sjeans
Following on from my previous analysis we can see that DVN has followed the trend towards our price target of $26+. On Friday afternoon the line of resistance that we have seen stay consistently strong remained unbreakable, emphasised with a slight retracement after touching it mid-way through Friday. Furthermore I have analysed DVN on a greater time scale concluding there is strong resistance at $26.93 and again strong support at the correction point set as a result of the formation of the Bearish Flag ($19.63). Subsequently we can see DVN following these trends hopefully reaching our PT.
Chart PatternsTechnical IndicatorsTrend Analysis
sjeans

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