SWN with textbook ascending channel.
Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when price nears the upper channel line.
Enter trade around 3.35 and looking for a move back up to $4
A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security’s price abruptly reverses.
Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when price nears the upper channel line.
Enter trade around 3.35 and looking for a move back up to $4
A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security’s price abruptly reverses.