롱
An IPO few are watching
DEN (Denbury Inc) is an oil and gas company that focuses on CO2 enhanced oil recovery. Boring right? I assume that is the reason it has been under the radar, after all, Technology tends to get more attention.
Since September 2020, when it IPO'd, DEN has increased by over 300%.
There are 2 potential measured moves, one by using the horizontal range transposed on top of the current support (purple arrow), and the extended target (light-blue arrow) by using the ascending triangle pattern.
In late June we tested and failed $80 (approximately), since then, we tested the bottom of the horizontal range (purple dashed-line) and are now breaking to all-time highs.
Important Note
Earning are Thursday 4th before the market opens, so we could experience a volatile move.
Since September 2020, when it IPO'd, DEN has increased by over 300%.
There are 2 potential measured moves, one by using the horizontal range transposed on top of the current support (purple arrow), and the extended target (light-blue arrow) by using the ascending triangle pattern.
In late June we tested and failed $80 (approximately), since then, we tested the bottom of the horizontal range (purple dashed-line) and are now breaking to all-time highs.
Important Note
Earning are Thursday 4th before the market opens, so we could experience a volatile move.
노트
Another test of the top of the ascending triangle as support
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.